AxiTrader employs a state-of-the-art execution model that ensures quick filling of orders without slippage. This feature is of particular significance for scalpers who rely on quick “in and out” trading strategies. AxiTrader offers a versatile platform range, featuring the globally recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are well-regarded for their extensive functionalities, ease of use, and compatibility with various devices. Axi has licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines.
As a member, the broker is subject to the Compensation Fund, which serves as insurance for its clients. A client may receive up to €20,000 per client if the broker does not comply with any Financial Commission judgment favoring the client. Keep an eye on financial news and market trends through reliable sources to make informed trading decisions.
- Additionally, the broker offers good educational resources, similar to some of its competitors.
- Swaps are calculated in relation to the counter currency and are converted to and applied in your trading account currency.
- So take the time to research Axitrader thoroughly and make the most of your online investing experience.
- This way, the risk of fraudulent behavior by the brokerage is kept at a minimum.
- Hence, a trader from Australia or New Zealand can not lose funds that exceed the amount of money invested with the broker.
It allows you to control an unlimited number of managed accounts from one trade terminal. AxiTrader has invested greatly with these MT4 platforms to MT4 servers to ensure that the MAM solution provides the fast and reliable service account managers need to service their clients. Each trader wants to trade with a Forex Broker who truly understands their needs. In this review, we will tackle the company itself (AxiTrader), its platforms, services it offers and etc. You can choose from the standard or pro accounts that are flexible depending on your individual needs. I appreciate that all of the accounts feature simple and secure funding, advanced trading platforms and powerful tools for finding trading signals.
Supported Countries
Axi is the trading name of AxiCorp Limited, which is licensed in multiple jurisdictions by Top-Tier financial regulators under different names. This means that clients’ funds are safer and the axitrader review risk and the broker can be trusted. With language availability, there are 13 languages that you can access through the broker website.
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However, certain limitations exist on the jurisdiction eligible for the broker’s trading services. They do not accept clients from countries that are marked as high-risk or where trading is not permitted. Users, visitors, and customers can use all our products, software, programs, services, content, and information at their own risk, and 100% responsibility lies on them. Although we have vast experience in working with financial markets, we do not carry any guarantee of profitability under any circumstances. Any user, visitor, or customer must independently make a decision and take 100% responsibility to himself for making a decision.
- If you want to take advantage of this tool, BlackBull Markets are an alternative option who also have it.
- The broker could provide more video tutorials covering other topics.
- This comprehensive review of AxiTrader will delve deep into its offerings, advantages, disadvantages, and overall market credibility, helping you make an informed decision as a trader.
- Since Axi was founded by traders for traders, the firm understands the importance of costs and fees in trading.
Since AxiTrader is a MetaTrader-only broker, iOS and Android versions of the MT4 app come standard and are both available for download from the Apple iTunes store and Android Play store, respectively. At the moment, the broker offers only BTC/USD pair (available not in all regions). Albeit, the somewhat negative FPA sentiment on that matter, we remain impressed by the quality of the support and invite our visitors to leave their feedback to form a more well-rounded opinion.
KYC Procedure for Account Creation and Depositing
Axi offers a small number of Cryptocurrencies to traders, just 6 instruments. We found the costs of trading Bitcoin at Axi were much lower than industry averages. The average Bitcoin spread in our trades was just 14.4 versus the industry average of 45. If you were looking for more options concerning trading platforms, you can check my top forex brokers list to choose the best option for you. If you have any questions, feel free to leave me a comment and I’ll get back to you. The investments and services offered by us may not be suitable for all investors.
Key Features of Axi (AxiTrader)
This structure is particularly advantageous for scalpers and high-frequency traders. Axi offers Forex traders a well-regulated, trustworthy, and competitive trading environment. Some industry publications place it among the Top 10 Forex brokers by trading volume. The Axi Copy Trading App is provided in partnership with London & Eastern LLP. Copying other traders carries inherent risks, such as the possibility of replicating poor trading decisions or copying traders whose objectives, financial situation and needs differ from your own.
AxiTrader Spread Charged in our Trades
If you have not made a withdrawal before, please note that all requests will be processed within 1-2 business days upon receipt. With share CFDs, you can use leverage, allowing you to trade major global stocks without committing large amounts of capital. When you invest in stocks, you pay the total price up-front to buy the underlying shares and can only profit if their price increases. However, when you trade stock CFDs, you are simply betting on the price movements, so you have the advantage of profiting from price movements in any direction (long or short). From the above, we can easily deduce that the spreads offered by Axi are slightly higher than those offered by the big names in the industry, such as IC Markets and IG Markets.
Financial regulation and licensing are crucial for creating a secure trading environment for Axitrader traders. Ultimately, your choice will depend on your personal preferences and trading style, but all these platforms offer powerful tools and features to support your trading journey. MT4 NexGen is available free of charge for all traders who create a live trading account at AxiTrader and deposit at least $1000. Before you open a live account, read the online broker’s client agreement document, execution policy, and CFDs & forex product schedule. When you open a demo account, you get $50,000 in virtual funds in your account.
3: Mobile Trading with AxiTrader: Trading on the Go
As part of the process, Axi requires identity verification to comply with regulatory standards. This involves uploading a valid government-issued ID, such as a passport or driver’s license, and proof of address, such as a utility bill or bank statement. Once your account is verified, log in to the client portal and deposit funds using your chosen payment method, ensuring you meet the minimum deposit requirement for your selected account type.
Provide your personal information, including your full name, email address, phone number, and country of residence, and create a secure password for your account. Axi primarily focuses on Forex and CFD trading, however, the broker also provides additional investment opportunities to cater to diverse client needs. Through its Axi Copy Trading App, traders can follow and replicate the strategies of successful investors, making it an attractive option for those seeking a hands-off approach. As for education, Axi offers a good choice of educational materials to support traders of all levels. The broker offers video tutorials, covering various trading topics, including an in-depth guide on using the MT4 platform effectively. Axi provides access to over 220 trading products, catering to diverse trading preferences and strategies.
Axi operates a variable spreads system, which means that the spreads will fluctuate during the day to reflect market movements. The spreads on Axi depend on the instrument you are trading and your account type. Axi charges different fees depending on your account type, the instrument you are trading, and the size of your trade. Axi Spread Betting accounts operate like a standard CFD trading account. Customer service at Axi is well provided for through a number of mediums.
In terms of fees, Axi’s pricing is competitive, especially for traders using its commission-based accounts. However, the fees can vary depending on the account type and entity a trader uses. For example, spread-based accounts may have slightly higher costs compared to competitors like IC Markets or Pepperstone, which offer lower average spreads.
Axi, previously known as Axitrader, is an online trading service provider that has been in operation since 2007. Originally an Australian trading company, it has expanded over the years, opening a London branch in 2012 and commencing operations in China in 2015. The firm’s in-house and third-party research tools, including AutoChartist and add-ons provided in the MT4 NextGen package, help AxiTrader differentiate itself among other MT4-only forex brokers. The usual time of withdrawals is 2-5 days, mostly dependant on your own bank. Generally, the minimum deposit at Axitarder is $0, so it gives you the freedom to choose the desired amount to start trading with. There are various trading instruments to trade in like Forex, Indices, Shares, Commodities, Gold, Silver, and Oil.
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