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. We provide objective and unbiased reviews, analysis and commentary.
Our experts find AxiTrader a reliable broker since it’s regulated by good regulations from top-tier FCA and ASIC. AxiTrader provides a range of trading platforms, and various funding methods, with average spreads and excellent customer support. We noticed that Axi has low forex fees, and deposits and withdrawals are free of charge.
Am just imagining if this happend during live trading urgent action required !! Can’t trust them again, they have serious system issues, support is bad late reply non profissional reactions. But recently, I conclude to stay with axi due to their faithfulness and timely service delivery. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world.
This insurance coverage comes at no additional cost and automatically applies to all retail accounts with balances above US$20,000. Axi clients are provided free access to PsyQuation Premium, an AI-driven analytics platform to help you discover strategies for MT4. Below, you can see some of the many tools that are available, along with their short descriptions. We compare Axi’s fees with those of two similar brokers we selected, TMGM and Eightcap.
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Selected companies also have the privilege to allow broker-to-broker transfers where a user can transfer their funds from one account to another within the AxiTrader brokerage. The trading platform mainly communicates with traders via email. But, it also has a toll free number where traders register their inquiries. The technology infrastructure of AxiTrader is built with advanced trading tools.
The valued clients of AxiTrader have helped the brand distribute its global revenue base across multiple streams, including overnight fees and dealing spreads. Due to its regulatory compliance and best practice implementation, AxiTrader stays compliant across multiple authorities. However, the time to process deposits and withdrawals takes up to five business days. For security reasons, the account name must match where the AxiTrader deposit originates to where the withdrawal is being made. Most clients get the chance to have their account in their choice of base currency from AUD, USD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, or CAD and deposit funds. AxiTrader has no minimum deposit requirements, & every user is free to deposit any amount in the account.
- Clients have access to segregated accounts at top-tier financial institutions, secure deposits and withdrawals as well as competitive leverage.
- NBP is a great risk management facility and helps ensure that the traders’ capital is protected from large losses.
- Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money.
- With Axi, traders can benefit from competitive cryptocurrency spreads and 24/7 trading.
The broker also offers swap-free accounts in which traders do not incur any swap fees for holding overnight positions. This account is ideal for people following Islamic principles as it does not involve interest payments. However, when you choose a swap-free account, you will have to pay account admin fees, you can find more details about it here. From humble beginnings in 2007, AxiTrader has rapidly grown to encompass a large portion of the forex market. Our AxiTrader review found out that they offer one of the best trading platforms globally and other unique features.
Is Axi regulated?
In addition to that, you should always make sure that you know what you are doing before you get into the forex market, for your good. Trading becomes automated and can continue to happen in the background even if you experience a power outage that switches off your computer. The level of security on a VPS system is higher than anywhere else. In comparison, the Pro Account trading experience is better than the Standard Account.
This software continuously analyses your trading performance, specifically your trading style. It then compares the data and provides intraday charting and current updated performance impact analysis. Essentially, this software monitors your trades, analyzes the data, and informs you how to make better trades. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Axi makes the popular MetaTrader4 trading platform available.
They also have won numerous awards and have a high trust rating on Trustpilot. They offer a “widish” range of assets when it comes to forex pairs, but their other asset lists are quite limited. Although many individuals around the world can open an account, there are still prohibited countries that are not allowed to trade with Axi. Take note that all the promotions offered here have nothing to do with clients who open up an account and trade in the “normal” way.
MT4 mobile is freely available to download on both Android and iOS via the relevant app stores. Axi UK must comply with the rules of the European Securities and Markets Authority when they are conducting their business. These rules limit the amount of leverage offered to EU clients and the way in which financial services are promoted. If you want higher leverage then you would need to look at the international brand. 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.
You will find a good choice of trading tools that can be used for assisting with your trading. I like that they are providing signals, chart analysis, multiple account management and more. I personally prefer the MT4 desktop platform as it has all of the features and functionalities. I actually run multiple instances of the MT4 platform to try out systems on different brokers. You shouldn’t have any problems opening charts, loading indicators, setting alerts, entering and managing positions. Axi are a regulated broker that must be compliant with strict regulations and standards that are put in place to protect investors.
Very scammy, glitchy copy trading app that continues to copy trades of signals you aren’t copying
Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. On our website, you can see that some users have reported scams. You can check our platform for information before trading. Axi does not provide details of access, we can only assume by the text it gives that Axi accepts at least international bank wire withdrawals. Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world.
Meanwhile, other products, such as stocks, ETFs and bond CFDs are not available. You can set alerts and notifications to be received via mobile,but only on the desktop trading platform. It would be much easier if you could set these notifications on the mobile trading platform itself. You can’t set alerts and notificationson the Axi web trading platform. This feature is available only on the mobile anddesktop trading platform.
At a management level, longhttps://forexhero.info/ Chief Financial Officer Simon Hodgkiss has moved into a newly created role of Chief Risk Officer. Their liquidity providers include UBS, Citibank, JP Morgan, Goldman Sachs, and other smaller banks. Lastly, you can also download MT4 for the desktop and trade on your desktop computer. You have the choice between web-based, mobile and desktop trading. As previously mentioned, cryptocurrencies are not on offer from Axi.
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Also, the quantity of news differ from language to language – for example, news in Spanish only seems to be updated once a month. Axi offers a social trading servicevia Forex Trading Signals on the MT4 platform. Similarly to the web trading platform, Axi provides only a one-step login.A two-step login would be safer. The withdrawal method must be the same as your deposit method, except for deposit via bank card to withdraw to your bank account. 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.
Similarly, AxiTraders offers a 30% discount for the BeeksFX users through a coupon. All withdrawals will be processed within 1-2 business days upon receipt. Withdrawal duration is varied depending on the withdrawal method. As a client, you may also enjoy the possibility to have account base currency in GBP, USD, EUR, CHF, or PLN and deposit funds in those major currencies as well.
We also love the excellent trading tools and copy trading app. It also runs through the performance statistics of traders and helps them fine-tune their approach. Autochartist is not the most effective third-party plugin AxiTrader offers to its clients. The Autochartist plugin also serves as one of the most important tools for retail traders. It eliminates the conditions where retail trader accounts lose money.
Account registration was easy and could be completed within a few minutes. You then need to verify your identity and supply documents, which you can do electronically. Axi will open the account within 24 hours of your sending verification documents, and the whole process is very efficient and easy to do. You’ve made the decision to invest or trade on the market. Maybe you’re an experienced trader, and you want something new.
Consideration has to be accounted for in terms of bank process times and other payment method processing times. Axi.com offers their clients negative balance protection as per the Risk Warnings section of their website. It states that if you are classified as a “retail client,” then you are afforded the protection of negative balance. All markets and assets that Axi offers are available to trade on all three accounts, unlike some brokers that limit the number of tradable assets depending on the account in question. No commissions are charged on the Standard account, although USD 7 is charged as a commision on the Pro account. However, the Pro account does have a zero spread which can be great for forex traders looking to scalp trade, moving in and out of trades quickly.
There is likely to be a high risk of losing money when trading with the AxiCorp Financial Services Pty LTD because the license stands suspended. Till the time it gets reinstated, traders may find the trading platform a bit dicey. An oversight in the administration of this company has resulted in the suspension of its license. Users located in off-shore jurisdictions may not be subjected to this suspension order. It is difficult to confirm how the company is mitigating this issue.
Note that you will also need to axi reviewvide a copy of your bank statement and proof of residence during the application, so you are able to fund your account. Lastly, they offer clients the choice to jump into the crypto market and take CFD positions on cryptocurrencies like Bitcoin, Ethereum, Litecoin, and the rest. For the most part, you will be trading against the USD, but there are one or two instances where you will be able to trade crypto against the Japanese Yen. The history of the company is that it was built for traders by traders, and it was a two-person startup that has now turned into a global corporation. Besides being regulated and winning numerous awards, they also have a high rating on TrustPilot . Axi.com offers ultra-competitive pricing, award-winning 24/5 support, high-performance trading technology, lightning-fast execution, and free trading education.
Users have exclusive access to a suite of advanced trading tools that includes the Order Flow Sentiment Indicator . 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. AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities.
As with all such advisory services, past results are never a guarantee of future results. Around 60,000+ traders in over 100 countries trust the Axi Group for their trades. For the Standard account, the broker does not charge any commission on CFD trading of precious metals and provides spreads among the best in the industry. Using EAs and automated trading strategies, traders can customize their strategies and trade without manual intervention. As the broker is KYC-compliant, forex and all other market traders must perform a one-time KYC by providing the required documents.
I think that most of you would prefer the intuitive MT4 interface. If you do need a FIX API, I would compare this solution to what you can get with Valutrades. You can trade on multiple variations of the popular MetaTrader trading platform. MT4 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).