Axi's Majority Shift to MetaTrader 5
MetaQuotes revealed on Wednesday, through a published case study on the broker, that more than 60% of Axi's customer base has migrated to the MetaTrader 5 platform. The milestone underscores a broader industry transition: according to FM Intelligence data, MT5 captured 62% of the combined MT4 and MT5 CFD trading volume in the third quarter of 2025, extending its lead over its predecessor. A year earlier, MT4 still accounted for roughly two-thirds of total CFD volumes across both platforms.
Founded in 2007, Axi reports a user base exceeding 1.4 million across more than 100 countries and recorded $3.45 trillion in total trading volume during fiscal 2025. In the case study, the broker highlighted several operational advantages it attributes to MT5, including granular control over administrative permissions, workflow automation that reduces repetitive manual tasks, and the use of MetaQuotes' access servers to deliver lower-latency connectivity to clients in different geographic regions.
Ultency Rollout and the New Pricing Model
Alongside the platform migration, Axi has begun deploying Ultency, the order-matching engine that MetaQuotes offers to MT5 brokers. The company described the rollout as being in its early stages but noted that it has already observed initial gains in both platform performance and execution quality.
Owais Anwer, Axi's global head of technology operations, emphasized that the broker requires infrastructure capable of scaling without introducing unnecessary operational complexity. Ultency's pricing structure, which MetaQuotes shifted to a volume-based model in December 2025, charges $1 per $1 million in traded volume, with tiered discounts available at higher throughput levels.
The engine is specifically designed to appeal to MT5 brokers that currently route client orders through third-party liquidity bridges. MetaQuotes noted that such external bridges typically carry monthly fees ranging from $1,500 to $7,000, on top of additional infrastructure costs. By bundling matching and routing directly into the MT5 ecosystem, Ultency positions itself as a cost-efficient alternative.
Competitive Dynamics in Liquidity Aggregation
To date, most of the firms publicly associated with Ultency have been liquidity providers linking their pricing feeds to the engine rather than retail-facing brokers. LMAX, GMG Prime, and Scope Prime signed on in early 2026, with Vantage joining in April. MetaQuotes stated that the platform now connects brokers to more than 30 liquidity providers.
The entry of MetaQuotes into the bridge and aggregation space has not gone unnoticed by competitors. Independent vendors such as oneZero, PrimeXM, and Centroid offer comparable aggregation and routing layers. In April, several industry executives raised concerns about a potential "race to zero" in bridge pricing, warning that MetaQuotes' involvement could compress margins across the ecosystem.
Axi's Institutional Stack and What Comes Next
Separately from the Ultency deployment, Axi layered additional institutional infrastructure onto its technology stack in May 2025, integrating a matching engine, liquidity aggregation, and risk-management tools from Your Bourse to support its professional-client business. Two months later, the broker relaunched AxiPrime as a dedicated institutional liquidity service aimed at professional trading firms, built on that same Your Bourse technology. The service is capable of processing up to 500,000 order events per second, according to the launch announcement.
The source material does not clarify whether the Ultency rollout will ultimately replace the Your Bourse-based setup or operate alongside it. For traders and institutional clients following Axi's technology roadmap, the coming months may reveal how the broker balances its proprietary institutional stack with MetaQuotes' native ordering infrastructure.
