Gao joins Axi from Pepperstone, where he was also Regional Director. He has two decades of experience and has worked at Exness and GAIN Capital.

The bid probably has two aims – to allow Axi to more easily add stockbroking and, secondly, to acquire a huge number of clients at low cost.

We speak to Greg Rubin, Head of Axi Select, to find out why the broker structured its offering in the way it did – by refusing to offer demo accounts.