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.
Is that open to US residents? The website says no AU, NZ, EU and UK residents but also mentions CFDs, so… that’s confusing.
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.
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.
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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.
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.
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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.