Axi Select and Deposits
Deposits
Participation in the Axi Select program is free. However, to initiate your participation you are required to deposit a minimum deposit of 500 USD into your own Axi Select account, and there are specific minimum requirements for each stage of the program.
Since these funds belong to you, you have the freedom to withdraw them at your discretion.
It is crucial to note that depositing additional funds during a stage will not result in a corresponding increase in the Allocation Account funding.
For example, we have a trader that is at the Acceleration stage with $2,000 USD in their Axi account, a x25 multiplier, and an Allocation Account of $50,000 USD. Even if this trader deposits an additional $2,000 USD aiming for a maximum Allocation of $100,000 USD, their credit allocation will not increase. It remains at the original $50,000 USD.
In essence, if a trader tops up their trading account with $1,000 USD and subsequently adds another $1,000 USD, the multiplier or allocation of additional funds will not be recalculated. This is because the deposit is considered only at the initiation of the phase.
For the Seed stage, I understand that I need to deposit at least $500. When advancing to the Incubation stage, do I need to deposit an additional $500?
To qualify for the Incubation stage, you must have equity of $1,000 USD in your Axi Select account. If you have met all the criteria in the Axi Select pathway, you will need to increase your equity to a minimum of $1,000 USD to advance further.
If you choose not to deposit additional funds, you can continue trading in the Seed stage until you reach the $1,000 USD threshold.
For the Incubation stage, I understand that I need to deposit at least $1,000. When advancing to the Acceleration stage, do I need to deposit additional equity?
Just like the Incubation stage, to qualify for the Acceleration stage, it is required to have equity of $2,000 USD in your Axi Select account. If you have met all the criteria in the Axi Select pathway, you will need to increase your equity to a minimum of $2,000 USD to advance further.
If you choose not to deposit additional funds, you can continue trading in the Incubation stage until you reach the $2,000 USD threshold.