While this could be a great way to enhance your returns there is also a large downside risk. Remember, if your account gets to 20% equity then your position will be liquidated quickly. Client support can be reached via email, phone call, or live chat. With its strong foothold in the UK, the firm is currently trying hard to capture the European retail trading market. However, Axi offers a small number of tradable instruments, about 130, and does not offer ETFs and stocks, which is a drawback. We found the PsyQuation tracking tool to be very useful for tracking our trading performance and setting trade alerts.
So, it is most reliable to me now.I like to continune my trading business with Axi and also request others to justify this broker at least one time. Moreover, given that these VPSs are located in high speed datacentres, you have very little latency when it comes trade execution. This is especially important for those traders who use high frequency trading algorithms. For those traders who prefer to watch videos for guidance, AxiTrader has included a host of video tutorials on demand.
AxiTrader Facts and Figures 2023
Here is a screenshot of the Axi MT4 Pro trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider. Professional and non-EU clients are not covered by negative balance protection.
Therefore, I consider it pointless, as traders use demo accounts to test applications and trading strategies, which requires significantly more than 30 days. In conclusion, the Axi broker is a reliable and trustworthy forex broker, offering a comprehensive range of products and services. Its user-friendly platform and intuitive features make it easy to use, and its competitive spreads, fees and commissions make it a great choice for all experience levels. Axi provides its clients with an extensive range of educational resources to help them become more successful traders. These resources include webinars, seminars, tutorials, and other materials on topics such as technical analysis, risk management, and trading strategies. In addition, Axi publishes daily market commentary and analysis to help you stay up-to-date with the latest developments.
Key Highlights of Each Account
AxiTrader has developed this four-step simple process to meet the regulatory KYC requirements. New traders are likely to feel comfortable while opening an account with this process. It takes a minimum of two business days for a new AxiTrader account to get approved. Despite the MetaTrader 4 platform’s limitations, AxiTrader runs excellently for its traders by offering them the most cutting-edge trading tool – PsyQuation Premium.
- We were advised to initiate our next withdrawal via bank transfer, which we did, and the funds arrived on the next day.
- There are no internal fees, but third-party processor costs apply.
- The tool monitors the markets 24 hours a day and tells you when a trade opportunity shows up.
AxiTrader offers an integrated tool called MAM that enables single traders to execute trades on all accounts under one master account. It enables traders to place multiple orders at high speeds on multiple accounts. You can use these signals to copy trading strategies from successful traders directly to your MT4 platform. You can use this feature to gain access to thousands of ready-to-use strategies, execute trades in a simple way, and trade automatically. Before you open a live account, read the online broker’s client agreement document, execution policy, and CFDs & forex product schedule. In our AxiTrader review we found that AxiTrader’s Standard Account works without any commissions or additional fees.
In 2020, the broker is compliant with several top-tier authorities. Comparebrokers.co needs to review the security of your connection before proceeding. Clients’ funds are held save and securely in separated, segregated trust accounts with top-tier banks.
Is this Broker Good for Beginners?
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. Axi offers the research tools of the MetaTrader platform, which do not include trading ideas or fundamental data. As a plus, there are other web tools, like a great economic calendar. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee. With AxiTrader you’ll be able to keep your trading costs quite low, as the broker shows market-competitive spreads across a wide range of currencies, commodities, and indices .
https://forexbitcoin.info/‘s base currency selection is great compared to competing brokers. Answer a couple of questions that assess your level of trading experience. Axi has low fees for trading index CFDs, while stock CFD fees are average. All withdrawals will be processed within 1-2 business days upon receipt. Withdrawal duration is varied depending on the withdrawal method. Opening an account with AxiTrader is quite easy, you just need to follow the steps of the account opening process, verify your details and select the account type of your preference.
Deposit and withdrawal
Some industry publications place it among the Top 10 Forex brokers by trading volume. While Axi does not offer deposit bonuses, it presently maintains two promotions for affiliates. Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy. I also believe that the trading conditions at Axi are better than any deposit bonus and the absence of it non-essential. Axi provides traders with 50 currency pairs, six cryptocurrency pairs, 20 commodities, and 31 index CFDs. Equity CFDs are notably missing, which is a negative in my book as I trade them, but Forex traders have a good selection.
You will also be able to manage your risk by setting the maximum amount of money you are willing to risk and the amount you want to invest in each trade. AxiCorp Financial Services Pty Ltd is an online margin Forex business providing Foreign Exchange trading, Contract for Difference trading and currency transfer services. A VPS hosting service uses a virtual private server that mimics a dedicated server’s behavior and the environment in a shared environment. Using the VPS, brokers can provide clients with direct ISP connection to physical hardware. Even better, AxiTrader offers traders the Multi-Account Manager for MT4.
Additionally, the Axitrader mobile trading platform also offers a range of risk management tools to help traders manage their positions and maximize their profits. For professional traders, the company offers to use the Next Generation of MT4 – MT4NexGen. This platform is available free of charge for clients who open a live account with a minimum deposit of 1,000$. Like other trading platforms, AxiTrader did not develop their proprietary trading application just to fulfill the needs of a minority of traders. The Axi platform offers a range of features that can help you to trade more effectively. These include advanced charting and analysis tools, real-time market data, automated trading strategies, and customisable risk management tools.
Is AxiTrader an ECN broker?
We ranked Axi’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. To read much more details about the broker’s services and features, expand on the sections below. 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. I loved trading with axi until my account was suspended but they are the best when it comes to trading. Been having issues with them for over 2 months now, bad customer support. It would help if they had separate and comprehensive tools that aren’t integrated into PsyQuation Premium.
You can also choose whether you want to open Deo or Live account. Leverage is a quite known instrument, which obviously multiplies the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. However, always note that high leverage can work in reverse too. AxiTrader’s Overall Ranking is 7.9 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
No fees or extra charges apply when utilising these tools and resources. The second account option is theMetaTrader 4 Pro account, which offers ultra-low spreads from 0.0 pips and a standard commission of US$7 per round trip. The minimum trade size is also set to 0.01 lots, and there isno minimum deposit requirement.
- The trading platform mainly communicates with traders via email.
- If you want to learn more, you can access additional information.
- I think beginner traders can start there and then research more online.
- During liquid times the spreads may go as low as 0.0 pips, and the broker truly adheres to ensure costs at the most competitive available.
- Overall, we found the main Axi offering that adheres to accessing the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced ones.
This gives the broker ample coverage in the forex trading market. There are plenty of exotic and minor currencies available for trading on the platform as well. Currency Pairs – You can trade 80 currency pairs at AxiTrader, and this includes major currencies such as JPY, USD, GBP, and EUR. The broker offers tight and updated spreads so that its clients can enjoy a rewarding trading experience.
Meanwhile, other products, such as stocks, ETFs and bond CFDs are not available. Other popular asset classes like real stocks or ETFs are not available. All information on 55brokers.com is only published for general information purposes.
The web forex trading platforms platform of Axi is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks price alerts. We tested the bank transfer withdrawal and it took 2 business days. In addition to bank transfer, you can use credit/debit cards, broker-to-broker transfer and several electronic wallets, as well as cryptocurrencies.