We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally. We are not liable for losses that resulting from the information provided on our site. Whether you’re a new trader or a pro, we arm you with tight spreads, supersonic execution, advanced tools and an award-winning customer service.
The Axi subsidiary that runs AxiTrader is authorized in St. Vincent and the Grenadines. It is regulated by the Financial Services Authority, bearing number BC 2019. A live chat can also cover some training topics wherein an expert answers the questions and satisfies them. Besides the live chat feature, an FAQ section educates the clients with reliable answers and improves their trading experience.
How to Open an Account on AxiTrader
To mitigate the risks of failing to satisfy the financial requirements, we have established a capital buffer based upon historical market moves and measure and monitor capital daily. Financial resources are also subject to external audit on an annual basis. AxiTrader provides credit card funding for the ease of providing secure electronic payment system to its clients.
This way, if new trader accounts lose money, their loss is insignificant and can be recouped easily. 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.
$200 is a small amount of money, but the broker does not support smaller deposits that most other companies provide, which can be a disadvantage for ultra-small traders. Nevertheless, the $200 initial deposit allows clients to open an MT4 standard account, which is basically a market maker model. The AXITrader spreads on the Standard account starts from 1 pip, but the company promises to offer even lower spreads according to the market conditions.
Get Extra Value With Axi
Axi hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. However, all your monthly financial statements are available to download at the Client Portal. You should click on ‘Financial Statements’ within the ‘Trading Accounts’ menu. Axi’s web trading platform hasgreat customizability.You can easily change the size and the position of the tabs. You can only deposit money from accounts that are in your name. A bank transfer can take several business days, while payments with a credit/debit card or electronic wallets are instant.
To learn more about how we test and recommend brokers, read our methodology. Great review; and especially the breakdown of services and functions available. AxiTrader looks like a great Forex broker for anybody outside the U.S.
AxiTrader and AxiCorp Financial Services Pty LTD are two different entities. The latter is the corporate owner of all the operating subsidiaries. The MetaTrader 4 WebTrader runs on all web browser applications. AxiTrader platforms do not require upgrades as the service delivers them with their most powerful versions. It uses MetaTrader 4 as its dominant trading platform, and this standard approach helps it attract retail traders. Traders-to-be have to pay careful attention when they are choosing a broker who is going to be their business partner in the dynamic and versatile Forex market.
The short answer is Yes, Axi’s Pro account offers ECN-style tight spreads. You can access 140+ currency pairs for forex markets, a $0 minimum deposit, and fast execution with award-winning customer support all from one location through MT4. As a broker who works internationally, the AXITrader opted for the standardized MT 4 platform which is preferred by Australian as well as UK clients. The simple trading software is well equipped for beginner and professional needs.
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Established in 2007, Axi is a recognized and trusted broker with its head office located in Sydney, Australia. It quickly made a name for itself and gained an international presence. Axi is recognized by many investors for its product market coverage and the tools offered to assist clients with the implementation of their trading strategies. Moreover, the broker doesn’t distract the customer with lots of account types and unnecessary frills.
- As a plus, there are other web tools, like a great economic calendar.
- Moreover, the integrated news service is also available in the mobile version of MT4.
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- We apologize that our service did not meet your expectations.
- They post great content that included market commentaries that give traders all kinds of ideas on how to think about the trades.
New traders have to have the security and trust to be able to trade properly. The Australian and UK AXITrader Forex broker is one of the brokers that ensures a safe and secure trading environment for its clients. The AXITrader review will give you full information on this broker and its role in the market. AxiTrader is a recognised and respected online FX and CFD broker offering high quality trading service and technology to retail and institutional traders worldwide.
AxiTrader review – issues with regulation?
AxiTrader has always followed one priority, which is important for him now – to provide favorable conditions for working with the foreign exchange market. However, on its platform there is access to other markets with a wide range of additional financial tools. The change of owners has had a positive impact on the company’s activity and its range of services. During this time, it has expanded significantly and today is ready to meet the requirements of the most fastidious client, regardless of whether he or she is an investor or a trader. Axi is a MetaTrader-broker that offers to trade with 80 currency pairs and 65 CFDs on commodities, metal, indices, and cryptocurrencies.
The customer service of Axit is available 24 hours a day, Monday to Friday. Traders can call them free from certain countries with some specific phone numbers available on their website. Since Axi is a MetaTrader-only broker, Android & IOS of the MT4 app are available for download from the Play store & app store respectively.
Who is the CEO of AXI?
Rajesh Yohannan is the current CEO of Axi. He previously worked at OANDA as a Managing Director and CEO.
With a great reputation, making them an excellent choice for both learning and expert traders. The London-based brand of AxiTrader launched in 2012, and when they expanded by 2015, they had hit $100 billion in monthly volume moved by clients. As well, you can strengthen your strategies by Authochartist, as an AxiTrader client getting free access to flexible charts through the sophisticated tool – PsyQuotation. 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.
The trading tool offers an Order Flow Sentiment Indicator, which can potentially become the best feature for the client. Its AI-driven analysis helps the trader improve daily performances. If trader accounts lose money in some trades, it alerts the traders of their mistakes, which allows them to enhance their trades over time. One of the top forex brokers in the forex trading market is AxiTrader. Over the years, AxiTrader has become a sought-after name in the forex trading market. The platform serves as a broker to millions of traders around the world.
Is Axi regulated?
Axi has licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines.
Please remember that past performance results are not necessarily indicative of future results. AxiTrader are a licensed broker in Australia – I cannot imagine how they could NOT withdraw your funds and still keep their license. Just make sure you check the minimum deposits on both types of accounts – for instance, if your starting balance is quite small then that might rule out a PRO account. With the FX market becoming more competitive by the day, spreads and execution across different brokers are getting more and more similar . From oil and gold to key global agricultural products, CFD trading offers the potential to enhance and diversify your trading possibilities. By following the unique volatility of different sections of the market, trading CFDs gives you the ability to profit in whatever direction the market goes, either up or down.
AxiTrader is overseen by strict regulatory rules that require clients to fulfill compliance checks. The checks ensure that you are safe and legible for trading. The FCA and ASIC require the broker to ask you for some documents before giving you an account.
Tradeview provides trading platform including Innovative Liquidity Connector,X Leverage Account and trading variety including –. Axitrader provides trading platform including MT4 professional account,MT4 standard account and trading variety including 140+ forex currency pairs. 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$.
They are required for opening an account, and therefore not an obstacle to new clients. The video library consists of eleven courses, consisting of numerous lessons. While the videos in each are short, https://forexbroker-listing.com/ they introduce each topic to new traders. I think beginner traders can start there and then research more online. Overall, I find the educational section at Axi comprehensive and of good quality.
This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Axi offers bank wires, credit/debit cards, POLi, FasaPay, Sofort, GiroPay, iDEAL, Neteller, Bitcoin, Skrill, Boleto, Global Collect, and 17 regional online banking solutions.