Axi USD/JPY Spread & Trading Conditions 2026

Axi quotes USD/JPY — the US dollar vs Japanese yen pair, a key carry-trade major — with a standard spread of 1.2 pips (Standard). 1.2 pips (Standard) places it 23th out of the 35 brokers we track quoting USD/JPY, wider than the median of 1.1. On raw/ECN accounts the spread is typically 0.2 pips + $3.50/side (Pro). Spreads are quoted in pips and widen or tighten with market volatility and account type.

Fee context from our review: Axi offers transparent and competitive pricing with three account types. The Standard account is commission-free with spreads from 0.9 pips on EUR/USD (average 1.2 pips). The Pro account provides raw spreads from 0.0 pips (average 0.2 pips on EUR/USD) with a $7 per lot round-turn commission ($3.50 per side). The Elite account for high-volume traders ($25,000 minimum) offers the same raw spreads with reduced $3.50 per lot commission. Axi charges no deposit or withdrawal fees, though an inactivity fee of $10/month applies after 12 months of dormancy. Card deposits exceeding $50,000/month may incur a 3% fee.

Across the 35 public brokers we track quoting USD/JPY, Axi ranks 23 against a median of 1.1. Ranked on published standard-account quotes — see our [methodology](/our-methodology/).

When trading USD/JPY at Axi:

Minimum deposit: $0
Maximum leverage: 1:500
Commission: $3.50/lot (Pro)
Execution: STP / ECN
Platforms: MT4, Axi App, AxiTrader

Spreads shown are indicative of the account types we assess. Raw/ECN accounts generally charge a per-lot commission in exchange for tighter raw spreads, while standard accounts build costs into the spread itself.

The USD/JPY spread is driven by liquidity depth, market volatility, the time of day (London and New York sessions are tightest), and the account model you choose. Axi supports MT4 for spread-sensitive execution.