Axi Review 2023 Advanced platforms and tools with low fees

However, the domain of forex trading is not so easy for everyone to champion it. Overall, we found that AxiTrader fees are relatively low or no fees at all. AxiTrader Leverage as a regulated broker in various jurisdictions complies to provide different trading conditions according to regulatory obligations set. AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority (UK) and by the Australian Securities & Investments Commission. Since over-the-counter derivatives carry significant risks traders should be assured they’re dealing with a transparent provider, which can be provided only by the regulated broker.

Axi has made giant strides since its inception in 2007 to become a top 10 global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology. Axi offers a demo account with a virtual balance of 50,000 AUD that remains open for 30 days. While using your demo account, Axi will provide you with a dedicated account manager to assist you and answer any questions you may have. With a minimum deposit of 500 AUD (or currency equivalent) you will get access to PsyQuation Premium.

• AxiTrader is overseen by strict regulatory rules that require clients to fulfill compliance checks.
• There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
• Leverage is a quite known instrument, which obviously multiplies the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly.
• This website registers the highest share of AxiTrader users every year.

The only requirements are name, country, e-mail, phone number, and application type, which took me less than 30 seconds to complete. New accounts require verification, following well-established industry practices. A copy of the ID and one proof of residency documents generally satisfies this step and completes KYC/AML stipulations. The short answer is yes; AxiTrader stands out as a safe and reliable broker. So you can open an account with it by going through our AxiTrader review content above, where all aspects of this platform are covered.

Axi Product Features

MT4 is only a great software when it has access to all the great plugins, extensions, and other third-party tools that open up a new world of possibilities for traders. AxiTrader is overseen by strict regulatory rules that require clients to fulfill compliance checks. The FCA and ASIC require the broker to ask you for some documents before giving you an account. Through its Australian entity, AxiTrader requires a minimum of $500 deposit for Australian residents to open a standard account.

• We tested the bank transfer withdrawal and it took 2 business days.
• This is the most popular version of MT4 that is used by millions of traders across the globe to trade the financial markets.
• Axi team took fast action to settle the withdrawal process on next Monday (withdrawal requisition on Friday).
• Featuring no swap fees or interest payments, this account is the ideal solution for those who are unable to earn or pay interest due to religious beliefs.
• The stock index, commodity, crypto and stock CFD selection is average, although it is constantly expanding.

Axi holds a comprehensive Client Money Insurance policy that provides retail clients with protection up to US$1,000,000. This insurance coverage comes at no additional cost and automatically applies to all retail accounts with balances above US$20,000. Unfortunately, some articles are available only through the Australian and UK websites.

Axi has low fees for trading index CFDs, while stock CFD fees are average.

What is the minimum deposit at Axi?

Some brokers offer bonuses for opening an account, while others offer commissions for trading. This is where you need to do your research and find the right broker for you. This allows traders to access the best prices available in the market and make sure that they are making the right trades at the right time.

I actually pay a third-party provider around $30 per month for a VPS. It is a vital tool for me as I need to simultaneously run multiple MT4 platforms 24/7 for my automated systems. If you think that a VPS would be useful to your trading activities, Key to Markets also give you free VPS access if you trade enough volume. Overall, AXI is a multi-featured and very competitive ECN Forex broker covering the needs of advanced and professional traders and especially as concerns intraday and automated traders. They post great content that included market commentaries that give traders all kinds of ideas on how to think about the trades.

AXI Review – Trade Anytime, Anywhere – With AXI!

Advanced platforms and trading tools ensure an excellent trading experience. In a nutshell, AxiTrader is a highly reliable and efficient broker. Their platform is ideal for traders who’re always on the lookout for excellent payouts. The broker offers tight spreads and quick transaction execution services. Let’s also not forget the fact that the broker permits hedging and scalping through its platform, which clearly implies that trading with them is safe and profitable. Thus, if you’ve already tried other brokers in the industry and are not too happy with the results, then we would definitely recommend that you open an account with AxiTrader.

AxiTrader has a solid reputation, even though there are some issues with the license in Australia and the subsidiary regulated in St. Vincent and the Grenadines. AxiCorp Financial Services is the parent company and owner of all subsidiaries operating under the AxiTrader name. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. At the end of the article, we will also briefly make a conclusion so that you can understand the broker’s characteristics at a glance.

Yet another important aspect that must be taken into account at the time of picking a broker is the type of conditions they offer for trading. When we talk about trading conditions, we’re referring to things like spreads, leverage and speed of execution. While, there’s no denying the fact that the broker offers multiple platforms for trading, the only disadvantage with AxiTrader is that https://forexhero.info/ they provide no promotions and bonuses. Here, discover more about the kind of leverage and spreads you can expect from the broker. As a result, you would want your broker to offer instant and appropriate answers to all your queries. This, however, is possible only if the online trading firm believes in delivering excellent quality services and an effective and trusted trading platform.

Meanwhile, other products, such as stocks, ETFs and bond CFDs are not available. The major difference is that you can set alerts and notifications in the form of mobile push and email notifications on the desktop trading platform. To set alerts, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app’s settings), by going to the ‘Tools’ menu and then ‘Options’.

In addition to this, you also get a choice of convenient deposit/withdrawal methods, helpful trading tools, educational materials and 24/5 support. The minimum deposit is just $1 or there is an option for a demo account if you want to start trading risk free. Whether you’re a new trader or a pro, we arm you with tight spreads, supersonic execution, advanced tools and an award-winning customer service. We’re also licensed, regulated and have customers in 100+ countries. Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets. Training resources and expert coaching to help you continuously improve.

If you want to find areas in which you can improve, this is a great tool. The alarm manager can send you customised alerts which is useful if you are monitoring multiple charts at once and do not want to be at your screen all of the time. You can still set standard alerts in the MT4 platform which do more or less the same thing. The correlation trader will show you the correlation between different instruments and can help to find potential trading opportunities and for order management.

The slippage on low volume trades, even with different order types, is very high. When I asked for proof of slippage due to price changes to the LP side, they failed to provide any evidence. I have evidence to support my claims, including email conversations, WhatsApp chats with my account manager and screen recordings of my trading experience. In fact, the broker may take as many as five days to process a withdrawal and also charges commissions to the tune of dollars from traders with international banking accounts. Below, learn more about their deposit and withdrawal methods and procedures. Aside to the above tools, the trader has yet another amazing feature for its clients, which is better known as the iMyfxbook Autotrade feature.

Additionally, many of them forget to offer basic support during emergency or crisis hours. Remember, when you initiate a transaction or even if you intend to close one, you may have several questions running at the back of your mind. With its advanced trading platform, you can access real-time market data and insights, as well as copy other traders’ trades with ease. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. The standard account requires no minimum deposit, has variable spreads starting from just 0.4 pips and charges no commission.

OFSi allows users to view the Buy and Sell order flow of 22,000+ live trading accounts. You can also receive custom alert notifications via the app, email or SMS. MT4 NextGen is a more advanced version of the MT4 platform with some additional features including advanced management tools, enhanced ordering and sentiment trading. You can get it for free when you open a live account and deposit a minimum of at least $1,000. Operating with integrity, honesty, trust and transparency is of the upmost importance. They are always looking to improve their services in order to stay up to date with the latest innovative technologies and continue to deliver excellent customer support.

It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app. While Axi offers a demo account with flexible options concerning the account balance, base currency, and leverage, it is limited to 30 days. Therefore, I consider it pointless, as traders use demo accounts to test applications and trading strategies, which requires significantly more than 30 days. MT4 WebTrader also makes an ideal replacement for the traditional MT4 application in terms of functionality and mobility. The MT4 WebTrader is perfect for using its custom scripts to access a trading account on the go.

Axi provides various trading tools to help traders in their decision-making process. These tools include a Profit/Loss Calculator, which can help traders calculate potential gains or losses before opening a position. The Pip Calculator is also available to calculate the value of a pip, which is a unit of measurement used in Forex trading. Additionally, Axi offers a Currency Converter to help traders quickly convert one currency into another.

Another cost you should consider while trading is a Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments. Typically, AxiTrader will charge Swap Fees on a Long Position and pay Swap Fees on Short Positions. AxiTrader is divided into 3 accounts – MT4 Standard Account, MT4 Pro Account, and Elite Account.

Some of the topics covered in the tutorials include, greed and overcoming fear of loss, risk management, charts, support/resistance, technical analysis and what is slippage etc. However, the only area where the broker lacks or is not as efficient as others in axi review the industry is market analysis. There is no blog or separate section wherein you can find expert reviews, news and updates around forex market or industry. Remember, as a trader, you may want to keep a track of the latest market developments and updates.

Trades from signal providers are placed automatically within your account and can be stopped at any time. You can follow multiple signal providers and do not need to be at your terminal when trades are placed. Risk parameters are flexible and can be set according to your own preferences. Client funds are held in secure and segregated trust accounts with top-tier banks including NAB and Lloyds.

As a broker, AxiTrader is a company that is supposedly regulated and authorized in St. Vincent and the Grenadines region’s Financial Services Authority. AxiCorp Financial Services Pty Ltd, also known by its trading name AxiTrader, is a Forex and CFDs broker based in Australia and founded in 2007. After the successful operation during the first years, the broker has been ranked among the most trusted Australia’s Forex brokers with the strongest brand association.