Symbol |
Market Description |
Exchange |
Exchange Ticker |
Margin |
Contract Size per 1 Lot |
1 Lot Value per Pip |
Databricks | Databricks | US | TBC | 20% | 1 Share | USD 0.01 per 1.00 pip |
Discord |
Discord |
US | TBC | 20% | 1 Share | USD 0.01 per 1.00 pip |
Houzz |
Houzz |
US | TBC | 20% | 1 Share | USD 0.01 per 1.00 pip |
Klarna |
Klarna |
UK or US | TBC | 20% | 1 Share | TBC |
Kraken |
Kraken |
US | TBC | 20% | 1 Share | USD 0.01 per 1.00 pip |
Monzo |
Monzo |
UK | TBC | 20% | 1 Share | GBP 0.01 per 1.00 pip |
BrewDog |
BrewDog |
UK | TBC | 20% | 1 Share | GBP 0.01 per 1.00 pip |
Revolut |
Revolut |
UK | TBC | 20% | 1 Share | GBP 0.01 per 1.00 pip |
Starling |
Starling Bank |
UK | TBC | 20% | 1 Share | GBP 0.01 per 1.00 pip |
VirginAtlantic |
Virgin Atlantic |
UK | TBC | 20% | 1 Share | GBP 0.01 per 1.00 pip |
There are no differences in fees, transaction costs, or other charges between IPO CFDs and ordinary share CFDs. However, it is important to note that there may be a higher margin rate on share CFDs for a period following the launch. Please refer to the product schedule for more details.
Axi does not offer pre-market trading for IPO shares before they are available on the exchange.
Investing in an IPO on your own might be challenging, if not impossible. That's because when buying shares of a firm about to go public, oftentimes, institutions, large banks, and financial services firms have a priority. However, if you are interested in an IPO, your brokerage firm can help you do so. Axi offers you the opportunity to trade CFDs on IPO shares with the most competitive market conditions.
Shares CFDs let you speculate on prices without owning the underlying assets. You enter a contract with Axi to exchange the difference in the shares price between the contract's start and end.
While leverage has the potential to amplify gains, it can also lead to significant losses since prices can fluctuate rapidly and unexpectedly. If the market moves against your position, you may be required to deposit additional funds to maintain your open trade. Failure to meet a margin call can result in your positions being closed at a loss. In volatile market conditions, it might be difficult to close your position at the desired price. Sudden market movements can cause prices to "gap" over your stop-loss orders, potentially leading to larger-than-anticipated losses.
A standard trading account with Axi is commission-free.
If you set up a Pro account for online trading, you will be charged a small commission of USD$3.50 per lot ($7 round trip) in conjunction with having lower spreads. At the end of each trading day (MT4 Server time), positions held in your account may be subject to a charge called “swap or rollover”.
We reserve the right to charge an inactivity fee where there are funds in your Account but there has been no trading activity and no open positions on your Account for a continuous period of 12 months.
Axi runs a 24 hour Client Services and trading desk 5 days a week, starting from 08.00 am AEST (00.00 server time) Monday morning and ending at 08.00 am AEST on Saturday morning.
You can call Client Services on our toll-free number 1300 888 936 (Australia). International callers, please phone +612 9965 5830. Alternatively, you can use our live chat facility during the same period.