{
  "schemaVersion": 1,
  "kind": "demoOffering",
  "id": "axi-mt5-svg",
  "urls": {
    "html": "/demo-accounts/axi-mt5-svg.html",
    "json": "/demo-accounts/axi-mt5-svg.json",
    "markdown": "/demo-accounts/axi-mt5-svg.md"
  },
  "policy": "Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.",
  "record": {
    "checked": "2026-10-12",
    "tested": false,
    "funds": null,
    "currency": null,
    "fundsLabel": "50,000 advertised",
    "fundsNote": "Base currency selectable by region/account; ISO currency not fixed.",
    "expiryType": "inactivity",
    "expiry": "30 days without a trade",
    "expiryNote": "See documented terms for scope and exceptions.",
    "evidence": "documented",
    "signup": "See the documented terms below. Account opening has not been tested.",
    "note": "Confirm allowed countries and actual contracting entity for intended visitors. Verify corporate standing separately; any overseas licence claim requires its own entity-specific check. Confirm virtual balance reset/top-up, offered base currencies and whether demo registration needs identity documents.",
    "id": "axi-mt5-svg",
    "broker": "Axi",
    "entity": "AxiTrader LLC",
    "regions": [
      "SVG"
    ],
    "region": "SVG",
    "regionLabel": "St Vincent & the Grenadines",
    "researchScope": "St Vincent and the Grenadines",
    "platform": "mt5",
    "platformLabel": "MetaTrader 5",
    "terms": "Free Standard/Pro demo; advertised $50,000 virtual funds. Base currency selectable by region/account and cannot be changed later. Expires after 30 consecutive days without a trade; cannot be restored, but a new demo may be opened. Multiple demos allowed. Desktop/mobile/WebTrader. Form requests name, country, phone, email, account, leverage and currency. No real-money funding is needed to practise; document-verification requirements not established. Balance reset/top-up not stated.",
    "entityMapping": "Direct /int demo footer and linked client agreement identify AxiTrader LLC. Residence-specific routing elsewhere in the group remains separate.",
    "eligibility": "International page explicitly not intended for Australian or New Zealand residents. Other country acceptance and routing untested.",
    "evidenceNote": "Official demo details refreshed; not signup-tested",
    "sources": [
      "axi-2",
      "axi-3"
    ],
    "visit": "axi-2",
    "regulation": {
      "status": "No SVG FSA Forex licence",
      "entity": "AxiTrader LLC",
      "regulator": "SVG Financial Services Authority (corporate registration context only)",
      "finding": "SVG FSA's current policy says it does not license forex brokerage or regulate BCs/LLCs for this activity. The international Axi footer and agreement identify AxiTrader LLC. Do not apply Axi group FCA/ASIC authorisations to this SVG offering. Corporate standing itself was not independently checked.",
      "scope": "Direct /int demo footer and linked client agreement identify AxiTrader LLC. Residence-specific routing elsewhere in the group remains separate.",
      "sources": [
        "axi-reg-1",
        "axi-reg-2",
        "axi-reg-3",
        "launch-svg-policy"
      ]
    },
    "signupLink": {
      "kind": "demo-page",
      "note": "Broker demo page; select your platform to continue.",
      "status": "Official entry route",
      "url": "https://www.axi.com/int/demo-account",
      "sourceUrl": "https://www.axi.com/int/demo-account",
      "checked": "2026-10-13",
      "tested": false
    },
    "execution": {
      "scope": "AxiTrader LLC, Saint Vincent and the Grenadines; current July 2026 agreement and international MT4/MT5 demo page.",
      "tested": false,
      "role": {
        "value": "Principal",
        "status": "Documented",
        "note": "Client agreement §7.1(c) makes AxiTrader LLC the principal counterparty to all positions.",
        "sources": [
          "ex-a-axi-terms"
        ],
        "checked": "2026-10-13"
      },
      "arrangement": {
        "value": "OTC principal pricing",
        "status": "Broker-reported",
        "note": "Agreement §3.4 ties quotes to underlying markets but permits size-dependent availability and correction of erroneous prices. It does not prove agency or automatic external hedging.",
        "sources": [
          "ex-a-axi-terms"
        ],
        "checked": "2026-10-13"
      },
      "demo": {
        "value": "Liquidity and slippage may differ",
        "status": "Documented",
        "note": "International MT4/MT5 demo disclosure says the simulation does not fully replicate liquidity or slippage. Its FAQ advertises matching Standard/Pro spreads and swaps; that limited claim does not establish identical fills or all charges.",
        "sources": [
          "ex-a-axi-demo"
        ],
        "checked": "2026-10-13"
      },
      "review": {
        "checked": "2026-10-13",
        "outcome": "Reviewed; supported findings in role, arrangement, demo. Remaining uncertainty is recorded per field and scope.",
        "remainingChecks": [
          "Confirm commission, rejected-order and stop-out behaviour for the selected MT4/MT5 Standard or Pro demo and live account types."
        ]
      }
    },
    "markets": {
      "scope": "AxiTrader LLC · St Vincent & the Grenadines · MetaTrader 5. Market coverage not yet reviewed.",
      "tested": false,
      "forexCfd": {
        "status": "Requires Verification",
        "note": "Forex CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      },
      "cryptoCfd": {
        "status": "Requires Verification",
        "note": "Cryptocurrency CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      }
    },
    "api": {
      "status": "Requires Verification",
      "type": null,
      "route": "Not established for this offering",
      "note": "API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.",
      "requirements": "Confirm the account, platform and regional requirements with the broker.",
      "sources": [],
      "docs": [],
      "checked": null,
      "tested": false
    },
    "launchNotice": {
      "text": "No SVG FSA Forex licence for this entity. Incorporation is not a Forex licence; residence-specific authorisation Requires Verification. This international offer is not intended for Australian or New Zealand residents.",
      "sources": [
        "axi-reg-1",
        "axi-reg-2",
        "axi-reg-3",
        "launch-svg-policy"
      ],
      "checked": "2026-10-15"
    },
    "launchReviewed": "2026-10-15"
  },
  "sources": {
    "axi-2": {
      "title": "Axi international demo account",
      "url": "https://www.axi.com/int/demo-account",
      "owner": "Broker",
      "evidence": "MT4/MT5, $50,000, Standard/Pro, 30-day no-trade expiry, currency and signup rules; footer AxiTrader LLC 4303 LLC 2025.",
      "access_note": "Direct current page read; no form submitted."
    },
    "axi-3": {
      "title": "Axi SVG client agreement",
      "url": "https://axidocs.s3.amazonaws.com/media/svg/client-agreement.pdf",
      "owner": "Broker",
      "evidence": "Agreement names AxiTrader LLC; explicitly acknowledges SVG FSA does not supervise or license margin FX/CFD issuers.",
      "access_note": "Direct PDF opened through current legal-documentation page."
    },
    "axi-reg-1": {
      "title": "SVG FSA policy in February 2026 notice",
      "url": "https://fsasvg.com/warning-notice-horizoncfds/",
      "owner": "Regulator",
      "evidence": "General policy states no SVG forex/brokerage licensing and no regulation of BCs/LLCs for that activity. Notice concerns another firm, not an Axi warning.",
      "access_note": "Direct regulator page read; dated 2026-02-02; checked 2026-10-12."
    },
    "axi-reg-2": {
      "title": "Axi international demo account",
      "url": "https://www.axi.com/int/demo-account",
      "owner": "Broker",
      "evidence": "MT4/MT5, $50,000, Standard/Pro, 30-day no-trade expiry, currency and signup rules; footer AxiTrader LLC 4303 LLC 2025.",
      "access_note": "Direct current page read; no form submitted."
    },
    "axi-reg-3": {
      "title": "Axi SVG client agreement",
      "url": "https://axidocs.s3.amazonaws.com/media/svg/client-agreement.pdf",
      "owner": "Broker",
      "evidence": "Agreement names AxiTrader LLC; explicitly acknowledges SVG FSA does not supervise or license margin FX/CFD issuers.",
      "access_note": "Direct PDF opened through current legal-documentation page."
    },
    "ex-a-axi-demo": {
      "title": "Axi international MT4/MT5 demo terms",
      "url": "https://www.axi.com/int/demo-account",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Simulation/liquidity/slippage paragraph; FAQ on Standard/Pro spreads and swaps.",
      "access": "Official page/PDF text read through web retrieval on 2026-10-13."
    },
    "ex-a-axi-terms": {
      "title": "AxiTrader LLC client agreement, effective 7 July 2026",
      "url": "https://axidocs.s3.amazonaws.com/media/svg/client-agreement.pdf",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Sections 7.1(c) and 3.4; printed pages 17 and 13–14.",
      "access": "Official page/PDF text read through web retrieval on 2026-10-13."
    },
    "launch-svg-policy": {
      "title": "SVG FSA: general Forex licensing policy in warning notice",
      "url": "https://fsasvg.com/warning-notice-horizoncfds/",
      "claims": "General policy only: SVG FSA does not issue Forex brokerage licences. Warning target is not HFM or Axi.",
      "checked": "2026-10-15",
      "owner": "Regulator"
    }
  }
}