AXI Trader Review

I like the trading experience at Axi as the Pro account offers raw spreads from 0.0 pips for a commission of $7.00 per round lot. I also appreciate the swap rates, which accurately reflect the global interest rate environment, free of excessive broker mark-ups, as evident at many brokers. While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs. In a nutshell, AxiTrader is a highly reliable and efficient broker. Their platform is ideal for traders who’re always on the lookout for excellent payouts. The broker offers tight spreads and quick transaction execution services.

Tried to login to my account on their website and it simply won’t let me in. What if i had to deposit money urgently to avoid margin call for example? Support said they will look into it… Still waiting 24 hours later.

Is AxiTrader an ECN Broker?

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As a trader, you need to collate some background details and information in addition to conducting an extensive research about the broker. It is also equally important to open a demo account with the broker as that provides you with a better understanding about their services, products and other offerings. This is exactly where you need the services and expert advice of an experienced or professional trader.

The platform serves as a broker to millions of traders around the world. AxiTrader understands that forex and other trading CFDs are very complex financial assets. Traders must also find out whether the broker has adequate partnership with leading banking institutions around the world or not. This is yet another area where AxiTrader emerges as a winner for sure. The broker has strong association and bonds with the leading banking and financial institutions, which means there won’t be any issues with regard to safety of your funds. The broker transfers all the funds deposited by the clients in safe and segregated trust trading accounts with top-notch banks.

Unique Features

AxiTrader is 100% owned by AxiCorp Financial Services Pty Ltd, a company incorporated in Australia . Over-the-counter derivatives are complex instruments and come with a high risk of losing substantially more than your initial investment rapidly due to leverage. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.

It is important to note that high leverage has an inverse effect as well, where it could work in reverse of the trade. Please note that an AxiTrader user may lose money when trading a Swap Fee. This adjustment reflects the comparative difference between yield or interest rates on the underlying financial instruments. Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation Premium tool. This helps users get exclusive educational articles on the market. The AxiTrader website also runs video tutorials and offers eBooks to increase the understanding of trading among users.

Referring to real-time price comparisons as a guide, AxiTrader consistently presents as one of the lowest and best value brokers in the market, with spreads as low as 0.0 pips. Daily trading costs are equally minimal with no funding fees, no deposit/withdrawal fees and no minimum deposits required. Trader’s Way was founded by a group financial market professionals who wanted to spread the values of unlimited, free trading worldwide. We offer our clients the best financial markets opportunities. We have gathered the best technologies, products, and services to ensure that every trader is…

The Australian regulation is just a facade.

I contacted their chat fully expecting, here are the bank details, please make your deposit, like every other broker in the world. However, here is their reply, “These are subject to regulatory standards and as per our company policy, deposit methods available will always be based on your country of residence. Professional and non-EU clients are not covered by negative balance protection. Unfortunately, some articles are available only through the Australian and UK websites.

It can build an online investment portfolio and organize trading accounts and help users monitor these accounts from a unified interface. Traders can automatically check the data with its innovative tools that run statistical analysis. It also allows them to see their trading performance via third-party audits. It allows the users to access the software’s benefits in running the server component and the client features. The client software sees the live streaming prices of forex currency pairs and displays their trend charts.

The MT4 WebTrader is best used to get a quick visual overview of the markets, study the charts, and monitor the existing trades. A full module of this web app provides dozens of indicators, which work as drawing tools for completing the order management functionality. The prices for availing of this feature range from a monthly subscription of $10 to $35.

All withdrawals will be processed within 1-2 business days upon receipt. Withdrawal duration is varied depending on the withdrawal method. 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. AxiCorp Financial Services Pty Ltd, also known by its trading name AxiTrader, is a Forex and CFDs broker based in Australia and founded in 2007. After the successful operation during the first years, the broker has been ranked among the most trusted Australia’s Forex brokers with the strongest brand association. Comparebrokers.co needs to review the security of your connection before proceeding.

Forex fees

You are provided with a 30-days free demo platform to train yourself. The Standard Account comes with higher spreads and no commission charges. Before you start opening an account with this broker, you need to make sure that you know enough about the markets and how they work. Otherwise, you will not be able to answer the questions they ask. A bank statement or utility bill that is no older than three months, showing your address clearly.

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. When you become more profitable, the MT platform starts to freeze, with no signals coming through, nor is the platform responsive. Terrible FX broker – Every second T/P trade, has slippage tat increases with trade size. As well, you can strengthen your strategies by Authochartist, as an AxiTrader client getting free access to flexible charts through the sophisticated tool – PsyQuotation. Another cost you should consider while trading is a Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments.

You can’t set alerts and notificationson the Axi web trading platform. This feature is available only on the mobile anddesktop trading platform. Axi’s web trading platform hasgreat customizability.You can easily change the size and the position of the tabs.

Although Axi only supports the MetaTrader 4 platform, it is truly customisable, with a range of tools and plugins that can be added to the platform to make it more powerful. Axi has a wider selection https://broker-review.org/ of indices than other similar brokers, and includes the likes of the NASDAQ, FTSE100, DAX30, and Hang Seng. An Australian FCA-regulated broker, Axi is well-known for being reliable and trustworthy.

Training resources and expert coaching to help your continuous improvement. Axi Select is our program that identifies and develops the most promising traders. Axi is also a member of a network that offers additional layers of security. Over four million traders have enjoyed a decade of successes, awards, and constant access to global financial markets. You can create trading accounts, modify leverage, allow swap-free options, and edit or restore passwords. You can make deposits and withdrawals using the most common payment…

• The withdrawal method must be the same as your deposit method, except for deposit via bank card to withdraw to your bank account.
• In comparison with other brokers on the same level, like Pepperstone and IC Markets, you can see the fee differences.
• Find out more with AtoZ Markets Forex broker review of World markets.
• The Sentiment Indicator helps you see how the other traders are trading to understand how they feel about the markets and what trends may emerge.
• Tight spreads and fast execution come as standard on all accounts.
• Axi provides traders with the out-of-the-box MT4 trading platform and upgrades it free of charge with the Autochartist plugin.

Axi offers a wide range of technical analysis tools, including charts, drawing tools, oscillators, and technical events. Their charts feature a variety of indicators, patterns, and drawing tools to assist in analysing trends. The MetaTrader 4 trading platform includes extended-hours data, standard indicators, patterns and technical events, and drawing tools such as trendlines and Fibonacci retracements. Additionally, Axi offers the AXIS image review and analysis tool, which uses all available data from devices to provide in-depth analysis and insights. Axitrader review shows that the broker hosts a trading academy, which provides comprehensive courses that cover subjects such as trading psychology, risk management, market analysis, and more. There is also a dedicated support team available 24/7 to answer any questions you may have about their accounts or the markets.

The gateway to trading and investment wisdom

You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. It is possible to lose some or all of your money and investment. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary.

The mobile platform is powered by MetaTrader 4, providing access to over 140 trading products. The platform is designed with a clean, intuitive interface that makes it easy to access charts and technical indicators, as well as place and manage trades. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate.

Axi offers variable spreads on the major currency pairs starting from 1.1 pips, while other currency pairs have spreads starting from 1.5 pips. Axi also offers commission-free trading on certain products, meaning that only the spread is charged. Axi also offers overnight financing fees, which are charged or credited depending on the particular position taken. In addition, there are also swap fees for positions left open overnight. AxiTrader is a multi-asset trading platform that offers users the ability to trade in a wide range of assets, from currencies to stocks and commodities. The platform is suitable for both experienced traders and beginners, as it provides a range of tools and features to help users make the most of their trading experience.

Customers service are unhelpful, dismissive and refuse to provide a proper explanation or proof that 34.5 pips should have happened. We tested Axi’s MT4 app on an i-phone 11 and found that it synced well with the desktop and web trader versions. It allows traders to monitor and modify their trades, manage their accounts, add stops to positions, and delete orders. Traders can also follow the latest research and trends on real-time charts.