While there are some potential downsides to consider, such as the inactivity fees and minim spread requirements, overall, AxiTrader offers a comprehensive and reliable trading experience for clients. Our experts find Axi or AxiTrader a reliable broker avatrade review since it’s regulated by good authorities top-tier FCA and ASIC. Axi 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.
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- On the other hand, RoboForex offers MetaTrader 4 and MetaTrader 5, along with their own R Trader platform and others, offering more options for their clients.
- Axi have a generous range of trading instruments for you to choose from.
- Overall, Axi are one of the most impressive brokers I have come across.
- You get free access if you maintain a balance of at least $500 and trade a minimum of 1 standard lot per month.
- You can access multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs & ETFs.
When spreads and fees are compared to other Best Forex Brokers In Australia, the overall result was favourable. This included comparisons to popular currency brokers including Pepperstone and IC Markets. This is because their ‘No Dealing Desk Brokers‘ allows direct trading with liquidity pools, which also enhances execution speeds. The MT4 mobile platform allows you to seamlessly connect your mobile device to the trading platform. You can view real-time pricing, place & manage trades, view account history, monitor positions, customise charts, set alerts and more.
Since over-the-counter derivatives carry significant risks traders should be assured they’re dealing with a transparent provider, which can be provided only by the regulated broker. Besides broker has international entity and established almost worldwide trading proposal. Over 60,000 former Axitrader clients with live accounts from over 100 countries have continued to trust Axi with their online trading operations.
What Are AxiTrader Account Trading Conditions?
What Im not happy about is that it took the company about 5 days to tell me to upload and submit the back of my national ID after I submitted the front picture of my national ID. That delayed funding of my account and prompted me to make several requests for the company to verify my ID. Overnight financing fees, also known as “rollover” or “swap” fees, are charged by AxiTrader for positions held overnight or over the weekend. The amount charged varies depending on the asset being traded and whether the position is a buy or a sell.
Axi processes client withdrawals via most of the payment methods available for deposit making it convenient for its clients to withdraw their funds. We were particularly impressed by the low spreads charged on Bitcoin trades, which are less than a third of the industry average, making the broker very attractive to Bitcoin traders. We recommend that you open your account with the UK entity since it is the only one that offers deposit protection to traders if it is available to you. We contacted the broker’s customer support team to resolve the challenges we faced. There is no minimum deposit at Axi, resulting in applicable requirements based on payment processors.
Is Axi regulated?
Axi Leverage as a regulated broker in various jurisdictions complies to provide different trading conditions according to regulatory obligations set. For the negative points, the range of the instrument is narrow and limited to Forex and CFDs. The research tools are quite limited as well which is another drawback for trading beginners. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
Axi prides itself on 24-hour support, fast trade execution, tight spreads with minimum account slippage. This means that in addition to classic currency pairs such as AUD / USD, GBP / USD and EUR / USD, there are also minor and exotic pairings. Minor, exotic and cross pairs can have more movements due to thin liquidity which can present significant profit opportunities albeit with a more high risk. To help ensure you have more money left to trade with, Axi charges no fees for funding and withdrawals to or from your trading account, up to a value of $50,000 per month. If you exceed this monthly Fee Free Limit, they do reserve the right to pass on your Neteller and Credit card transaction fees.
Axi is a member of the Hong Kong-based Financial Commission, featuring a €20,000 compensation fund. A $1,000,000 client money insurance policy is also in place, making the unregulated St. Vincent and the Grenadines unit the best-protected one with the best trading conditions. Axi’s dedication to providing educational resources has been invaluable. Their webinars, tutorials, and market insights have enhanced my understanding of forex trading, making it accessible even for those new to the market. This commitment to education sets Axi apart as a broker genuinely invested in their clients success. Their platform is incredibly user-friendly, making it easy for both beginners and seasoned traders to navigate.
The trading signals offering allows you to copy trading signals from traders around the world directly into your trading platform. There are thousands of signal providers to choose from and you can share your own strategy signals. MT4 NextGen is a more advanced version of the MT4 platform with some additional features including advanced management tools, enhanced ordering and sentiment trading. You can get it for free when you open a live account and deposit a minimum of at least $1,000.
It’s recommended that clients check with their payment provider to confirm any fees that may be charged before making a withdrawal request. Many clients also appreciated the ease of account opening and funding, as well as the broad range of trading instruments available. The broker’s stringent regulatory compliance received high marks, with several clients expressing confidence in the safety of their funds with AxiTrader.
Is AxiTrader regulated?
It can help traders improve their performance, which I find an excellent tool. Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature. As for the important question about margins, Axi offers access to flexible leverage options with competitive costs. Opening an account with Axi is hassle-free, with no required minimum deposit, and you can select from multiple base currencies, helping you avoid conversion fees. Axi supports the popular MetaTrader 4 platform and provides copy trading features along with extra analytical tools. They give you direct access to the latest market data with multiple liquidity providers (LP’s) from 14 of the world’s largest banks, for live pricing and superior trading conditions.
I like that they are providing signals, chart analysis, multiple account management and more. The forex news feature provides you with the latest forex news dowmarkets directly into the platform. You can add your favourite news feeds and follow traders from social networks.
It is well written and features charts with easy-to-understand trading ideas. Axi offers some of the best swap rates industry-wide, something I urge traders to consider who keep positions open overnight, as it makes a notable difference. Axi does charge an inactivity fee, which adds to the excellent cost structure. As someone deeply involved in prop trading, Axi Select has been a game-changer.
