axi trading review
axi trading review

Advanced platforms and trading tools ensure an excellent trading experience. Axi also extends to fees and spreads, with no fees on deposit or withdrawal. Additionally, the spreads of all Axi's account types are competitive in the industry. Therefore, its clients are satisfied with a simple and transparent trading environment. People of any experience level can get an accessible customer support team from it. Moreover, this broker offers deep leverage options and the ability to use some useful third-party trading applications.

You should click on ‘Financial Statements’ within the ‘Trading Accounts’ menu. Axi's web trading platform hasgreat customizability.You can easily change the size and the position of the tabs. We tested the bank transfer withdrawal and it took 2 business days.

The stock index, commodity, crypto and stock CFD selection is average, although it is constantly expanding. Meanwhile, other products, such as stocks, ETFs and bond CFDs are not available. Axi hasclear axi forex broker portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. However, all your monthly financial statements are available to download at the Client Portal.

Axi’s Deposit & Withdrawal fees

The company is licensed in Australia under the Australian Financial Services Licence . FP Markets has zero restrictions, which means that scalpers and currency traders who use… Follow top traders and mirror their trades with our advanced Axi plugin. Myfxbook Autotrade lets you copy trade directly into your MT4 account, while remaining in full control. Free to all Axi clients, it works like your own private trading coach, analysing trades, identifying potential mistakes and giving you tailored alerts with the aim to improve profitability.

axi trading review

This is important to understand, especially when trading popular currency pairs or exotics. In terms of offered assets, they can be considered to be an average online broker allowing clients to trade 100+ assets in markets like forex, stocks, commodities, indices, and crypto. I like that there is a generous selection of deposit and withdrawal methods for us to choose from. You can use a credit card, bank transfer or an online payment processor such as Neteller, Skrill, FasaPay and Sofort. They are also one of a few brokers that accept cryptocurrency payments with Bitcoin. Axi have a global, multi-lingual team available to help you 24/5.

As Axi Broker is regulated heavily by many regulatory bodies worldwide, it is widely regarded as one of the safest trading brokers. The spread starts at 0 pips with the Pro account, and with the standard account, it is 0.4. Axi is an MT4-only broker, but this singular focus provides for one of the best MT4 trading experiences in the world. Axi offers trading on a good range of commodities, including gold, silver, platinum, petroleum, and soft commodities such as coffee, cocoa, and soya beans.

AxiTrader Review – Research

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. The demo account is an opportunity to experience Axi’s services without risking your money, but the 30-day limit is unusual – many brokers offer unlimited demo accounts . Axi offers clients popular payments in order to fund their accounts.

Is Axi real?

Australia-based Axi is a low-cost forex broker ideal for those who need some extra tools to build their trading strategies. It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup.

This is one aspect of online trading, which has gained a lot of popularity and prominence in the last few years. Brokers are realizing that in order to attract more number of traders, they must extend adequate trading knowledge and information to their clients on a regular basis. This is another aspect where AxiTrader certainly excels in terms of training and educating traders. Thus, the broker is regulated and authorized by the Financial Conduct Authority of the UK .

Can you trade crypto with Axi broker?

Axitrader is not a fraud but has been recognized repeatedly for its dependability, offering low-risk Forex trading. AxiTrader is authorized and supervised by the 2 key regulatory bodies, the Financial Conduct Authority and the ASIC. Despite these drawbacks, Axi could certainly be a great choice for many traders. With a free Demo account, you can try Axi without incurring any charges and find out whether it’s the right broker for you. When you sign up with Axi, you’ll be given lifetime access to PsyQuation Premium.

After you download the MT4 mobile trading platform, you have to access the Axi-Live server. Axi has a great mobile trading platform, offered by MetaTrader 4. It is well-designed and user-friendly, with a good search function.

Is Axi legit features all the key aspects you need to look at to see if a broker is safe and legit. Axi is regulated by multiple authorities globally, including the UK's FCA and ASIC in Australia. Being regulated by several top-tier financial authorities is a great sign for Axi's safety. Under ‘Learn to Trade’, you can find seminars and webinars to watch. However, we found that these are only scheduled for certain language pages, with many of them indicating loading errors at the time of the review.

Desktop trading platform

It basically gives you professional market research in an extremely user-friendly way. I don’t need to watch charts all day if I can set Autochartist to do all of the leg work on my behalf. The correlation trader will show you the correlation between different instruments and can help to find potential trading opportunities and for order management.

What is the minimum deposit for AxiTrader?

To give you a brief summary: Axi (previously known as AxiTrader) is an Australian forex broker, regulated by top-tier authorities such as the UK's FCA and Australia's ASIC. THE ESSENCE: The minimum deposit at Axi is $0.

Their forex fees are low, and they also offer great support and an array of free educational material; plus, they have invested in their MT4 trading platform, giving it extra features. Thus if you like MT4, require lots of learning material, and want good customer support, then this broker may be for you. It should also be noted that Axi offers trading accounts tailored to Islamic traders. These accounts are perfect for clients who are unable to pay interest or earn due to religious beliefs. Axi offers its clients the ability to trade over 70 forex pairs and boasts of having super competitive spreads with super fast execution times. This means that when you open a forex position , it will do so as fast as possible.

However, there were serious issues with the withdrawal, so I opted to change brokers. I requested a withdrawal of the entire sum to cancel the account two weeks ago. They promised to transfer it within three days, but I have yet to receive any funds. In the case of Axi, spreads and commissions depend on the instrument and the account. Typical spreads are from 0.0 pips and commission on Forex is $7 round trip.

For security reasons, the account name must match where the AxiTrader deposit originates to where the withdrawal is being made. AxiTrader has developed this four-step simple process to meet the regulatory KYC requirements. New traders are likely to feel comfortable while opening an account with this process. It takes a minimum of two business days for a new AxiTrader account to get approved.

Broker Information

You can trade from your computer or mobile with all of the tools needed for analysing the markets, placing and managing positions. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. It is possible to lose some or all of your money and investment. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice.

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Be part of a dynamic trading community in public and private chatrooms dedicated to different trading topics, from FX and equities to analysis and strategies. You can review the past 6 months performance statistics of the patterns and levels found by Autochartist to see those that worked and those that did not. Autochartist automatically finds Fibonacci patterns such as extensions and retracements as well as chart patterns such as Triangles, Wedges, Tops and Bottoms. It can send you notifications when a pattern is discovered and identifies possible support and resistance levels based on these patterns. Therefore, you must upload a digital copy of proof of your identity and residency. For example, proof of identity could be a driver's license or a passport, while proof of residency could be a recent utility bill or a bank statement showing your address.

The general educational videos have great quality and cover a lot of topics, like trading psychology and forex trading. We received quick and mostly relevant answers to our questions. However, the news section lacks charts and other visual elements. Changing the leverage is a very useful feature when you want to lower the risk of your trade. We think this is something you should be in control of.Be careful with forex and CFD trading, as the preset leverage levels may be too high.

Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account. During the London-New York overlap session, I received a 1.1 pip spread for the EUR/USD or $11 per 1.0 standard lot. It is an above-average trading cost, and I recommend traders avoid it. The commission-based Axi account delivers as advertised, with raw spreads of 0.0 pips for a commission of $7.00 per round lot, which resembles a competitive pricing environment.

In addition to bank transfer, you can use credit/debit cards, broker-to-broker transfer and several electronic wallets, as well as cryptocurrencies. Axi's base currency selection is great compared to competing brokers. Answer a couple of questions that assess your level of trading experience. There is a 3% fee for card payments and other payment methods where deposits exceed a monthly limit of $50,000.Withdrawals are free if they are above $50 or for the full balance of your account. Axi has low fees for trading index CFDs, while stock CFD fees are average.

  • The general educational videos have great quality and cover a lot of topics, like trading psychology and forex trading.
  • The trading platform mainly communicates with traders via email.
  • After analyzing the asset, make sure to make a forecast of the price movement.
  • One of the top forex brokers in the forex trading market is AxiTrader.

CFDs are complex instruments and pose a high risk of losing money quickly due to leverage. 70% of private investor accounts lose money when trading CFDs with this provider. You need to ask yourself if you understand how the CFD works and if you can afford to take the high risk of losing your money. As concerns their trading platforms, there is the classic MetaTrader-4 in several versions for desktop and mobile devices. There is an FXI/API for professional Forex traders and a credit for a Forex VPS for over 20 lots of monthly volumes. There is also a MAM account and social-trading via the Myfxbook AutoTrade.

Is Axi Trader regulated?

Yes. Axi is authorised and regulated by the Australian Securities & Investments Commission (ASIC), AFSL number 318232. Axi UK is a trading name of AxiCorp Limited which is registered in England and Wales under registered number 06378544.


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