Which to the best propfirm so far and why?
From my experience of almost a year with axi select, I’ve found it to be a strong choice for traders who are serious about improving and scaling up. One feature I particularly like is the option to reset your edge score, as recently introduced. This gives traders a fresh start to showcase their true potential, especially if they feel their previous performance doesn’t fully reflect their current abilities.
2 Likes
Is that open to US residents? The website says no AU, NZ, EU and UK residents but also mentions CFDs, so… that’s confusing.
1 Like
Yeah, that part’s a bit tricky. From what I understand, axi select itself (the funding program) is technically separate from the CFD brokerage side. But yeah — last I checked, US residents aren’t eligible to join due to local regulations. Best bet is to reach out to their support just to be sure, since things can change.
1 Like
That’s one way of putting it.
Axi Select is adrift right now on a sea of terrible publicity about not paying people out.
They’re also liars: they claim to be FCA-regulated in the UK, but the FCA denies that they regulate the company to which you have to pay the $500, and therefore they’re unable to help the customers at all, when there’s a problem, and apparently there are a lot of problems.
What they’re good at paying out for is people who promote them in forums. (They even asked me!).
Real scammers to avoid.
3 Likes
Let’s get real — spreading half-truths and calling a legit program a “scam” doesn’t help anyone. Axi Select doesn’t charge a $500 fee, period. There’s no challenge, no pay-to-play — you link your real account and get evaluated based on performance. The FCA regulates Axi’s brokerage operations, not the internal funding program, and that’s been clearly stated. Saying “they don’t pay” without proof is just noise.
1 Like
They charge a non-refundable $500 “deposit”. You don’t have to call it a “fee” if you don’t want to if they don’t want you to.
The opposite was stated to me. They lied.
You can try to dismiss as “noise” the fact that Axi lied to me about my account being FCA-regulated, but you can’t change the fact that it happened.
I’m just as entitled to comment on them as you are.
There seem to be an awful lot of complaints about them not paying, right now. Enough to put off anyone doing any due diligence.
And the fact that they pay people to make posts defending them in forums is also factual.
6 Likes
Just to clarify, the $500 isn’t a fee — it’s your own trading capital, and you can withdraw it anytime. Also, FCA regulation applies to the brokerage, not to internal programs like Select, which is common in the industry. If you were told otherwise in writing, it would help to see that, as it may just be a misunderstanding.
1 Like
This just isn’t true, Paul. It’s incorrect.
If that’s what they told you, they were lying. I have checked for myself.
They have different companies. Different brokerages.
One of them is FCA-regulated but that ISN’T the one to which you have to send the $500, to take part in Axi Select. You have to send that to a different, off-shore company which is NOT FCA-regulated.
So your statement that you can withdraw your money any time and FCA regulation applies to the brokerage is just factually wrong. The reality is that because the FCA does NOT regulate the company to which people send the $500, they can’t help them to recover it.
There’s too much persistent misinformation about this, in forums! And too many reports of people not being able to withdraw “their” money. And too many people saying (as above) that Axi Select is offering them payments to defend them on the web when customers complain.
3 Likes
I believe that is what he was saying.
fwiw, they’re all scammers that want you to lose. So the answer to which is the best is… none of them. If you can actually trade profitably, you’ll be much better just trading your own money and having full control of your destiny
4 Likes
Did you check the terms and conditions when you started trading with any broker? It’s pretty clear that Axi Select is under their St. Vincent entity, not FCA-regulated. Honestly, I don’t see much value in your comment—just make sure to read the terms more carefully next time.
1 Like
Saying “they’re all scammers” oversimplifies the reality of the prop trading industry. Yes, there are shady firms out there — especially ones that rely on challenge fees and make money when traders fail. Prop trading exists because many skilled traders don’t have the capital to grow on their own
1 Like
If that’s so, then it was very disingenuous of you to say that people can withdraw their $500 whenever they want and the broker is FCA regulated.
The brokerage to whom they send the $500 isn’t FCA-regulated at all. I have also checked. Your statement was simply untrue.
There are indeed, and it has become increasingly clear in several forums that Axi Select is widely regarded as one of them.
2 Likes
Let me repeat: first, no one ever said the funding entity is FCA-regulated — that’s not how prop programs work. Confusing broker regulation with internal funding structures is either a deliberate twist or a lack of understanding. The broker Axi is FCA-regulated — that’s a fact. The funding program operates separately, just like most prop models around the world.
Second, saying that “people can’t withdraw their $500” is misleading. Did you personally verify this? Have you even contacted their support to ask about it? Where exactly is this information coming from?
And finally — “some forums say…” — seriously? That’s your evidence? Show actual proof of non-payment, legal action, or contract fraud — or at least verifiable reviews . Until then, you’re just repeating noise, not presenting facts
1 Like
That was apparently the impression you tried to create, in your post above, by saying that you can withdraw your $500 when you want and that FCA regulation applies to “the brokerage” (your exact words).
That was plain untrue, and you know it. Axi Select is under a different brokerage!
There are posts above from someone who says Axi Select also lied to them about that.
There are also other complaints about Axi in other forums. Here’s just one recent one. There are others.
It’s not a relevant fact because that ISN’T the broker to which people have to send the $500. Stop trying to mislead Babypips members! 
Personally, I think you’re “protesting too much” and that your posts here are actually doing Axi more harm than good.
It’s hard, anyway, to believe that anyone giving this Babypips thread a careful read-through would touch the company. 
3 Likes
FCA regulation of the broker is a fact — and that’s exactly what I stated. Everything else is your fantasy about some “other broker,” which honestly sounds like a flat Earth theory. If you claim that Axi Select operates under a different brokerage structure — name it. Where’s the actual detail?
As for the “forum post” — the link you shared has nothing to do with a legitimate complaint. It talks about some supposed account hack, which looks more like fake panic than a real issue.
And it’s very convenient to call someone else’s arguments “harmful to the company” when, in reality, there’s nothing behind your claim but emotion, assumptions, and vague “someone said” statements. If anyone is spreading misinformation here — it’s not me.
PS. Regarding the $500 withdrawal — you can read the terms yourself or simply contact Axi Select’s support. It’s all there if you actually want the facts.
PPS. So which broker would you recommend we all happily send $500 to instead? Just curious.
1 Like
Man, I get it — looks like Tradeday is the only one I can actually trust here, judging by all your posts. LOL =)
1 Like
Lol, that kind of clarifies your position: untruthful statements all exposed, so you have nothing to try but an ad hominem attack? I have news for you: if you’re trying to suggest that I’m promoting anything or anyone, here, people will laugh at you. 
Nobody objects more frequently or outspokenly about promotional posting in this forum than I do.
Like anyone with as many decades’ experience of trading as I have, and like a dozen other experienced members here, I recommend that people should use futures funding companies and avoid CFD ones, just as I/we recommend that people should use futures brokers and avoid CFD market makers, and for some of the same reasons.
As I say repeatedly, IMO the three trustworthy, long-established, reliable futures funders some of whose customers I know personally (i.e. not just online) are Topstep, Earn2Trade and TradeDay. I have absolutely no involvement - past, present or future - with any of them, not even as a customer. Something we’ve all noticed you’ve failed to say (and can’t) about your involvement with Axi-Select. Call me a “shill” if you want, but honestly, people will laugh at you. They already do.
3 Likes
3 Likes
You keep deflecting with long monologues, but still haven’t provided a single fact to back your claims about Axi Select. Where’s the proof that the $500 deposit can’t be withdrawn? Where’s the list of all these supposedly “unhappy” clients? Where’s the actual evidence behind your accusations?
1 Like