Axi, a global online trading service provider, has announced that Francisco Quesada Godines, a trader, has reached a key achievement in its Axi Select capital allocation program. Godines secured $1 million in capital funding.

Axi Select Grants Traders Funding Access

“Francisco has demonstrated exceptional talent and commitment to the program. This milestone extends far beyond receiving $1 million in funding,” Greg Rubin, Head of Axi Select, commented.

Axi Select is designed to offer traders access to capital funding of up to $1 million and allow them to keep up to 90% of their profits. The program requires no registration or monthly fees. Traders can use either a Standard or Pro live account with unrestricted trading conditions and a variety of tools.

“It not only highlights what traders can achieve when they trade consistently and can seize market opportunities to their advantage, but it also underscores the power of an all-inclusive, trader-centric program designed to unlock traders’ full potential,” Rubin added.

The program is only available to clients of AxiTrader Limited. According to the firm, CFDs involve a high risk of investment loss. It is not available to residents of AU, NZ, EU, and the UK.

AxiCorp Submits Bid for SelfWealth Acquisition

Meanwhile, AxiCorp Financial Services, operating under the Axi brand, has submitted a bid to acquire the Australian trading platform SelfWealth for 23 cents per share, valuing the deal at around USD 34 million, as reported by Finance Magnates. This bid challenges Bell Financial Group's offer of 22 cents per share, initiating a bidding war.

SelfWealth's share price has more than doubled recently, with Bell's bid already higher than the market value of 0.12 cents per share. Axi has stated it is ready to expedite negotiations. The SelfWealth board advised shareholders that no action is needed as there is no guarantee of a binding transaction.