Currently, Axi only supports the MetaTrader 4 platform, but with the growing popularity of MetaTrader 5, we expect support to be added for the newer version soon. MT4 trading on Axi is fully customisable, with a range of tools and plugins that can be added to the platform to make it more powerful. For the purposes of this review, we found the customer support responsive, polite, and knowledgeable. Axi’s world-class educational materials are well-structured and in-depth, catering for traders of all experience levels.
Trading metals allows for margins of just 1 percent and the ability to sell long or short. It is an OTC trading without commissions or brokerage fees on standard accounts.
Axitrader Trading Platform
While neither account requires a minimum deposit, it is highly recommended that you start with at least 200 USD. Compared with other brokers, AxiTrader offers fewer forex pairs to trade.
It stretches resources and puts pressure on the amount of time you can spend working with each individual customer. But, despite plenty of change over the years, AxiTrader’s service has remained at a very high level. Other pages in the same section of the AxiTrader website offer detailed explanations of AxiTrader Forex Broker Review margin trading, complete with examples, as well as a discussion of margin requirements and liquidation. The other pages on AxiTrader’s website dedicated to assets provide a similar level of explanation. You will find useful information for beginners on each asset type, including specific kinds of CFDs.
You can deposit and withdraw funds with zero fees with an amount less than $50,000. Compared to other brokers such as FOREX.com, Pepperstone, IC Markets, eur and FxPro, AxiTrader has fewer forex pairs. On the table below, we have listed the total number of forex pairs available with each broker.
- The information on this site may be accessed worldwide however it is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
- This platform is known for its ability to deliver advanced data analytics.
- Please consider whether it is appropriate for your circumstances, before making a decision to purchase or apply for any product.
- No unfortunately USA forex traders not permitted unless with USA forex broker.
- The broker also tries to allow for fast execution speeds where slippage is reduced to a minimum and Forex market access is being guaranteed at all times.
- We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
Dubai trading is regulated by DFSA, while AxiTrader users in New Zealand benefit from FMA regulation. Last but not least, there is also an education center for advanced traders. In addition to the forex basics, the video learning programs cover topics such as various analysis techniques, trading strategies and trading psychology.
Our review found, that their award-winning service was named ‘#1 for Customer Service’ in the December 2013 Investment Trends Australia FX Report. However the Axitraader Forex broker is regulated but invest the amount you can afford to lose it as online trading contains risk of losing your money. This type of account is intended for intermediary forex traders looking to reduce spreads when trading. Whereas there is a standard commission of $7USD for each round trip, the spreads are intensely lesser than the standard account. The broker was rated for its service on customer service, financial institution of the year, best spreads, most reliable forex broker, and many more awards.
This is designed to replicate the same live market environment that you trade on as an AxiTrader live account holder. Investors who have not yet decided on AxiTrader can also try it out first using the free demo version. In the 30-day test period, the MetaTrader 4 trading platform can be tested with all its functions without any financial risk. This allows customers to try out their market eur strategies with realtime market data and thus ease their way into trading. If the 30 days are not enough, you can also request an extension from Axitrader customer service. 69.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Platforms
Is this a legitimate broker that lets people trade as they wish, instead of how the broker might prefer them to trade? With the exception of the bank wire option, all these payment methods are usually completed within 24 hours of initiating the transfer and most incur no fees. Comments like these are why we believe AxiTrader trading strategy is one of the best brokers currently operating in the industry and one that should be considered by all traders who operate in Australia and the UK. When checking back to put together this AxiTrader review, we found the website () to be extremely easy to navigate, no matter what part of the page we went to.
It’s been said many times before that educated users are likely to make better decisions than those who are entering the market after only getting some trading experience from Demo accounts. But if you combine the two – deeper knowledge and demo account experience – you’re more likely to become better at trading than if you’ve only chalked up one of those experiences. In general, users report their AxiTrader opinions of the Demo account to be extremely positive and full of useful experiences that prepared them for live trading. There are premium trading tools like the Order Flow Sentiment Indicator.
How To Apply For This Special Axi (axitrader) Offer
Here, too, the leverage can be used flexibly to better assess the risk. Now we will take a closer look at which trading instruments customers can use to trade at AxiTrader. In general, the online broker has been designed for and focusses on Forex trading and CFD trading. Currently, AxiTrader has revenues of over 100 billion USD and was one of the top 10 Forex brokers worldwide.
Unfortunately, the selection of financial instruments, as well as deposit and withdrawal methods is quite limited and can’t compete with other major players in the industry. AxiTrader also allows B2B fund transfers from two separate companies, so a trader can easily transfer his/her trading account from another brokerage firm to AxiTrader. A client of AxiTrader can enjoy the possibility of having financial account base currency in GBP, CHF, USD, EUR, or PLN as well as deposit funds in these major currencies also. Besides, the online trading platform has no mandatory minimum deposit requirements, and traders are free to deposit any amount. AxiTrader has no charges for a bank transfer, no inactivity fee, trading fees, or withdrawal fees.
Trading Platforms
This honor came from the Asia-Pacific Financial Investment Association. In 2016, AxiCorp reported a monthly client trading volume equal to $100 billion, making it one of the Top 10 Global FX providers. AxiTrader also offers an extensive Education section on its website with the information beginners need. You will find sections dedicated to the basics of each Forex and CFDs. There is also a lengthy guide to the MetaTrader 4 Forex Trading Signals.
Toll free numbers are available in Australia, China, Germany, Hong Kong, Indonesia, Malaysia, New Zealand, Singapore, Spain, Thailand and the UK. As we’re traders too, we understand you want a great 24-hour service, tight spreads and fast execution with minimal slippage. Our trading solutions are sophisticated enough for experienced traders yet simple enough for those with less experience. Whatever your Forex experience, we’ve got a solution that suits your needs. All new and existing clients have dedicated account management and access to customer support 24/5 via telephone, email, and live chat. Toll-free numbers are available in Australia, China, Germany, Hong Kong, Indonesia, Malaysia, New Zealand, Singapore, Spain, Thailand, and the UK. The brokerage looks to be fairly new on the surface, but in reality, it has 12 years of operational experience as it was first founded in 2007.
Axi For Beginners
AxiTrader offers its services to more than 40,000 traders in over 100 countries. Since the founding date in 2007, AxiTrader has grown into a global broker. AxiTrader’s great reputation has been decorated by different awards in different services. In any case, risk warnings are present all over the website on the subject of margin and leverage trading so the ultimate decision to trade or not sits with the individual.
This account is designed for intermediate forex traders looking to minimise spreads when trading. To keep costs low, AxiTrader does not widen the spread but instead charges a commission of $7USD round trip for each standard lot. AxiTrader further offers a few interesting VPS service options, which are especially beneficial to high-frequency traders or those who use automated trading strategies. The broker also tries to allow for fast execution speeds where slippage is reduced to a minimum and Forex market access is being guaranteed at all times. However, our AxiTrader review highlights that slippage does occur quite frequently with any type of trades, which is a major drawback for most advanced and professional traders. All new and existing clients have dedicated account management and access to customer support 24/5 via telephone, email and live chat.
