Axi Review Formerly AxiTrader year : Is It a Good Broker?

Trading itself requires high risks and as traders, we need to be aware of that. Opening a live account with Axi takes only 3 simple steps.First, you need to complete the application by filling up the form. Second, in order to help protect your account, Axitrader requires verification in form of sending an ID to confirm your identity. Third and last, fund your account with any amount you want as Axi does not require any minimum deposit and you can go ahead and start trading. Please note that MT4 NexGen is free to all traders who open an AxiTrader live trading account with a minimum deposit of $1,000 and be aware that losses may exceed the deposit. It allows you to spot new opportunities and cut down money management errors by the use of its correlation trader feature.

This https://forex-reviews.org/ may be preferred if you need the tightest possible spreads. This may be the case if you are using a scalping system that looks to take advantage of minor price movements. Axi offer weekly free webinars which cover a range of topics ranging market analysis, trade management, trading psychology and much more. Whether you’re just getting started on your trading journey or are already an experienced trader, there’s always something new to discover about the markets. I think it is great that they enable you to learn as much as possible.

Kontoarten von Axi

One click trading directly from the charts is also available which is perfect for scalping, and price alerts can also be set. All round, this makes for a highly customizable trading experience at Axi. ForexVPS – They offer 24/7 customer support at a price of $34,99/month, but Axi will cover the fee if you trade more than 20 lots per month.

This means that if the broker ever ran into bankruptcy or insolvency, your money would always be safe. This policy is bolstered by the availability of ICF insurance for traders in the UK. Solid regulation is not the only protective measure in place for traders at the broker. This means you cannot lose more than you deposit in your account, though if you have more than one account, the balance of one can be used to cover the other. Considering the downsides or limitations of the broker, there are a few points to mention. The number of available assets at just over 130 may be a concern for some experienced traders though the list does include forex, index, commodities, and cryptocurrencies.

Our Opinion on AXI

Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. Axi Select is our programme that identifies the most promising traders and turns them into professionals. We are extremely proud of our global reputation for reliability, trustworthiness, customer service and client satisfaction. Clients have access to tools like AutoChartist, which is one of the top performing chart pattern recognition plugins on the MetaTrader 4 platform and can be directly applied to a trader’s charts.

• Axi Trader’s trading platform features include the MetaTrader 4 and MetaTrader 5 platforms, cTrader, and a proprietary platform.
• You simply speculate on the price movements of such commodities and can potentially turn a profit regardless of whether said prices go up or down.
• Also, UK-based retail clients’ funds are insured via the Financial Services Compensation Scheme in the event of broker insolvency, as we discussed earlier in the review.

AxiTrader is authorized and supervised by the 2 key regulatory bodies, the Financial Conduct Authority and the ASIC. Once you choose a market, you can decide on what asset you want to analyze. After analyzing the asset, make sure to make a forecast of the price movement. You have to choose the order volume and then you can decide whether you buy or sell the asset you want or chose. Most of these solutions, bar Skrill, are available for withdrawals as well. Before you submit a withdrawal request, you must ensure you have enough money left in your remaining balance, particularly if you have any open trading positions.

Axi Review 2023

This platform is more developed, with more features to enjoy for professional traders. With this platform, you can gain insights into live market trends by viewing how others are trading using its sentiment indicator. Axi provides traders with the out-of-the-box MT4 trading platform and upgrades it free of charge with the Autochartist plugin.

There is also a dedicated axitrade team available 24/7 to answer any questions you may have about their accounts or the markets. The Standard Account is designed for beginners and offers features such as no commission, a minimum deposit of $200, and the ability to open and close positions quickly. Remember that there is a risk of your accounts lose money in all brokers. Moneta Markets review covering their licences, minimum deposit and withdrawal, fees, account types, platforms and more.

It lets you analyse your trades and copy strategies from other traders. You can search for systems that meet your requirement by filtering statistics that matter the most to you. AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities.

Our team will reach out to you via email to give you an update regarding this matter. If you’ll experience any issue again, please do not hesitate to contact us directly at Our team is always ready to assist you and address any issues you may have. Finally, the broker has bagged several industry awards from Forex-Awards.com, Atozmarkets.com, ADVFN International Financial Awards, and more. Some of the awards include Best MT4 Forex Broker, Best Forex Broker Europe, Best Forex Broker Middle East, and Best EMEA Region Broker. But we may not give Axi a 100% pass mark overall on fees since their commission fees of $7 per round turn are high compared to some of their competitors, such as Fusion Markets. From the above, we can easily deduce that the spreads offered by Axi are within the range of those offered by the big names in the industry, such as IC Markets and IG Markets.

Trading Platform Review

You can use either bank card, bank transfer or e-wallets for deposits, but there are some withdrawal limitations for bank cards. Elite account – $3.50 round trip commission, generally lower spreads. Axi has low forex and CFD fees, and deposits and withdrawals are free of charge.

Axi is a low-cost forex broker that offers commission-free trading and competitive spreads. Axi offers variable spreads on the major currency pairs starting from 1.1 pips, while other currency pairs have spreads starting from 1.5 pips. Axi also offers commission-free trading on certain products, meaning that only the spread is charged.

That is why our AxiTrader review dove deep into the site to see what kind of trading platforms are available for traders to use. We’ll let you know if you can use household names like MetaTrader 4 and 5 for your everyday trading needs or if there is only a standard web trader platform given to you by AxiTrader themselves. For the newer traders out there, sometimes the best thing you can do is get stuck into some educational resources on these broker platforms. The trading costs involved with trading cryptocurrency via CFDs is not wholly clear on the site. Our AxiTrader review took a closer look at some of the cryptocurrency options on the platform and still couldn’t find much in the way of a fee.

You will be able to see the performance of their trades in real-time and also be able to track their profits and losses. On the other hand, if you’re looking for a variety of trading platforms and assets such as stocks, ETFs or cryptocurrencies, Axi will definitely fall short to your expectations. Axi’s Pro account is definitely at the same level as most of their similar competitors. The real strong advantage is their Elite account which definitely outranks any other FX commission offer out there with a $3.5 per lot round turn offer.

Alpari Review 2019

Please be aware that this might heavily reduce the functionality and appearance of our site. AxiTrader Customer Support and ServicesThere are dedicated account managers whenever you need a direct point of contact for more personalized service. You can also request a callback by filling up the ‘Request A Call Back’ and an agent from AxiTrader will get in touch with you and assist you with your needs.

This selection includes 3 metals in the form of gold, silver, and copper. 2 energies that are, natural gas, and oil, and 2 agricultural commodities in coffee and cocoa. When it comes to methods available, wire transfers can be used and typically take 1-3 days although they are only available in the EU. Credit/Debit cards from Visa, MasterCard, and JCB can also be used and typically provide instant deposits. EWallets are also available and instant in the form of both Skrill and Neteller. With Axi deposit methods, it is first important to note that the USD, AUD, CAD, CHF, EUR, GBP, and SGD are usually supported by every deposit method available here.

The correlation trader will show you the correlation between different instruments and can help to find potential trading opportunities and for order management. Axi accepts clients from all over the world, excluding USA, Canada, Iran and some other countries where restrictions apply. If they do not accept your country, you can look at our broker ratings for an alternative option. All adjustments made to client accounts can be viewed within the History tab in your MT4 platform account under the name “Data truncation”.

Share this post?