However, they provide instruments in forex, stock indices, and crypto CFDs. In comparison with other brokers on the same level, like Pepperstone and IC Markets, you can see the fee differences. Pepperstone charges $14.9, $11.9, $3.7 and $12.5 respectively for the same pairs. IC Markets charges $15.8, $10.6, $4.8 and $12.1 respectively.
- Tight spreads and fast execution come as standard on all accounts.
- I always like to know what is happening around the world as the news can have a large impact on price movement.
- 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.
You can search for systems that meet your requirement by filtering statistics that matter the most to you. AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.
Three unique features make AxiTrader a success at the trading game. The broker is known to harvest the best out of the Autochartist MT4 plugin, its VPS hosting, and the PsyQuation Premium service. The company had made four different counts of brokerage violations under the regulator’s Financial Conduct Act 2013. Founded in 2007, we’ve grown from a two-person startup to an industry-leading online trading company, trusted by 60,000+ customers.
Opening a Trading Account with Axi
It also offers a free demo account, but it expires in 30 days. I like that there is a generous selection of deposit and withdrawal methods for https://forexarena.net/ us to choose from. You can use a credit card, bank transfer or an online payment processor such as Neteller, Skrill, FasaPay and Sofort.
Their motive is this, you will end up trading with the money they returned and losing it. I have screenshots and chats from them incase anyone wants to take this up especially the regulators. 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. AxiTrader is a forex and CFD broker authorized with licenses issued by the financial authorities; ASIC, DFSA, FCA, FMA and FSP. If all required documents are submitted (copy of photo ID, proof of address, etc.), the account can be configured within 24 hours .
If you want to find areas in which you can improve, this is a great tool. The economic calendar keeps you up to date with the latest market news and can be set to send you alerts on specific events. It is useful having the calendar build into the platform rather than needing to keep checking it externally. I always like to know what is happening around the world as the news can have a large impact on price movement. The alarm manager can send you customised alerts which is useful if you are monitoring multiple charts at once and do not want to be at your screen all of the time. You can still set standard alerts in the MT4 platform which do more or less the same thing.
Axi offers a trading account for Islamic traders due to religious beliefs. Islamic trading accounts featuring no swap fees or interest payments. There are three accounts to choose from , with no minimum deposit unless you are using a specific payment gateway. There are offers in terms of getting other traders to sign up, and you will be rewarded via the IB program, affiliate, or referral program. The Elite account is the last account that Axi offers its clients, and it is based on a zero spread and low commission structure. However, you will need to make a USD 25,000 deposit to open this account, and the currencies you can trade in are limited.
Axi – Forex Broker Review
AxiTrader has an end-to-end solution for its trading services. The technology suite of AxiTrader includes the MetaTrader 4 trading platform, its web app version, Myfxbook, and some additional APIs. The trading platforms run on all operating systems, including Windows, Mac, Android, and iOS.
To summarize, Axi has been a reputable broker in the trading industry for almost twenty years and offers a wide range of forex pairs to trade and a limited amount of other assets. 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.
NewsWIKIFX REPORT: 6 new crypto CFDs available for trading: ADA, LINK, DOGE, EOS, DOT and XLM
Moreover, the integrated news service is also available in the mobile version of MT4. Their liquidity providers include UBS, Citibank, JP Morgan, Goldman Sachs, and other smaller banks. Our preferred Forex and CFD’s broker platform and trusted long term partner AXI , is offering to reimburse all new LTTTM members the cost of Nial Fuller’s Professional Forex Trading Course. Nial Fuller is a professional trader, author & coach who is considered ‘The Authority’ on Price Action Trading. He has taught over 25,000 students via his Price Action Trading Course since 2008.
In comparison, the Pro Account trading experience is better than the Standard Account. However, it all comes down to what you require to be effective. axi forex broker Because of the rigorous AxiTrader regulation and compliance process, it might take a few days to determine whether you passed or not.
As of January 6, 2021, the FCA has banned the sale of crypto derivatives to UK retail consumers. Other popular asset classes like real stocks or ETFs are not available. You can search for products easily by typing the name of the product or by navigating the category folders. Add your bank account details, like IBAN and Swift code (if you haven’t done it before). A bank transfer can take several business days, while payments with a credit/debit card or electronic wallets are instant.
Open your account. Trade within minutes.
Our experts found that AxiTraders spreads are average and low. 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 . 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. AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority and by the Australian Securities & Investments Commission. 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.
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The regulation of the broker may differ depending on the chosen jurisdiction in which you are going to open an account. The most reliable are the United Kingdom and Australia, but they have some trade restrictions that affect the amount of leverage. Saint Vincent and the Grenadines does not have the appropriate level of reliability of the regulator, but it provides a large leverage and accepts almost all traders. Like any of the reputable and successful brokers, AxiTrader provides you with a demo account that will allow you to familiarize yourself with how it all works. The firm’s in-house and outside research tools, including AutoChartist are provided with the MT4 NextGen package that helps traders to differentiate it from other MT4 brokers. 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.
Trading on AxiTrader PRO account, you will receive a reduced spread and a commission charge will occur based on the base currency of your trading account and the size of your trade. Hi edskie7777, we are very much disappointed to know you have had an unhappy trading experience with us. We’d like to assure you that we treat your feedback with great respect and are keen to look into your trades further. May we ask that you please send us an email at or contact us on our official Facebook page for further assistance. If you wish, we can also arrange for your account manager to contact you.
AxiTrader) is a multi-regulated online broker created by traders for traders. They give you industry leading trading conditions on a vast range of different markets such as forex, stocks, cryptos and commodities. You can trade with tight spreads, low commission fees and fast execution speeds at the best prices.
This regulatory suspension, however, has no impact on the international clients that AxiTrader LTD operates. Both entities are different and fall under distinct jurisdictions. Hence, AxiCorp LTD, which runs AxiTrader, has not suffered any license suspension. It remains fully compliant with all the designated regulators. While these issues fall under its corporate umbrella, AxiTrader continues to work as a genuine broker, expanding its market share across the globe with every passing year. We partner with people and businesses at all levels of the industry.