Axi Review 2023 Pros and Cons Uncovered

This, without doubt, is a great option for traders who want to earn quick, consistent and huge profits through forex and commodity trading. Axi Copy Trading also offers a variety of features and tools that allow you to monitor the performance of your chosen traders. You will be able to see the performance of their trades in real-time and also be able to track their profits and losses. 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.

These documents are used as proof of the address you provide and ensure that you live in the country you indicated. 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. There is no official mention of any AxiTrader deposit bonus or promotion of that kind.

Account

Axi is a broker founded by traders for traders.The company gives its dedication to delivering the needs of aspiring traders as well as professionals in online trading. It offers its clients the ability to trade indices, commodities,Forexcryptocurrencies, and someCFDs. It has competitive spreads from 0.0 pips and fast execution with minimal slippage. The firm offers as well Forex pairs to trade and spread betting as possible.

They are members of the first independent and self-regulatory organization called The Financial Commission, based in Hong Kong. The protections offered to clients by the organization include a compensation fund of €20,000 per client. Axitrade declares to be regulated by ASIC and FCA, two of the best forex regulators in the world, but none of the regulations is valid. When I wanted to withdraw, the customer service told me that my account was abnormal. WikiFX Internet and its mobile products are an enterprise information searching tool for global users.

It comes with a wide range of built-in tools and fully customisable features. I have used MT4 for many years and it is still my platform of choice, even though MT5 is the newer version. Axi are a regulated broker that must be compliant with strict regulations and standards that are put in place to protect investors. Please keep in mind that as Axi are regulated in different markets by different regulators, each are subject to a different set of rules. Using the Axi Trading Platform, users can trade 24/7 on top markets worldwide to find opportunities and trade their edge, regardless of whether they are new to trading or experienced traders. Segregated accounts are always used to increase their clients’ protection level.

You will also need to provide documentation such as a passport, driver’s license or other government-issued ID. Additionally, you may need to provide proof of residence or other documents such as bank statements or utility bills. Finally, you may need to provide financial statements or other information depending on the type of account you are opening.

AxiCorp allows users to trade stocks, ETFs, mutual funds, and options, as well as access market data and research tools. AXI Brokerage also offers a range of advanced features, such as charting, streaming quotes, and portfolio analysis, as well as advanced order types, such as trailing stops and conditional https://forexarena.net/ orders. AXI is an Australia-based online brokerage offering a suite of trading tools and services for users to take advantage of. With low costs and a wide array of trading tools and services, AXI is an ideal choice for those looking for a reliable and cost-effective online brokerage.

Axi Customer Service:

The FCA requires the broker to maintain adequate amount of capital in addition to offering outstanding risk management tools to its clients worldwide. The FCA also requires AxiTrader to maintain fair, transparent and honest trading processes on a consistent basis. In fact, traders may also require funds for meeting their business and personal needs. In the case of AxiTrader, the broker processes deposits instantly.

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. The services provided by AxiTrader’s trading platforms and tools have been tested to gauge their efficiency. From its pricing spreads to its key features, this AxiTrader review dives deep into the core of AxiTrader & highlights what the broker puts forth for its users. Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section.

Axi: Pros and Cons

AxiTrader offers free educational material such as ebooks, blogs, webinars, seminars, and articles that can help you to learn and know about how charting and technical analysis are used in trading. Technical analysis and charting are very significant tools for having better trades in online trading.Every trader has their own skills and their own style. These tools can be said as the main ingredients for having better or good results. Charting helps traders track and watch asset price movement and market volatility in making their trades. It allows you to spot new opportunities and cut down money management errors by the use of its correlation trader feature.

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. I saw that they accept cryptocurrency deposits and withdrawals, but I haven’t used this method with them yet. At the time I deposited, the profits had to be withdrawn by a bank account and not by crypto too, so I decided to do it by bank transfer. 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. A truly comprehensive range of tools, at AxiTrader’s mainstay MetaTrader 4 brings a very competitive technical solution to trade through market-making execution.

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Axi offers bank wires, credit/debit cards, POLi, FasaPay, Sofort, GiroPay, iDEAL, Neteller, Bitcoin, Skrill, Boleto, Global Collect, and 17 regional online banking solutions. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. AxiTrader offers over 130 CFD instruments across Forex, Stocks, Indices, Commodities, Precious Metals, and Cryptocurrency categories. 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.

We are licensed and regulated, and have clients in over 100 countries. We offer competitive pricing and lower costs so that more of your money can be invested in the markets. Training resources and expert coaching to help your continuous improvement. Axi Select is our program that identifies and develops the most promising traders.

Axi’s trading tools transform the MT4 platform into a state-of-the-art trading terminal. On the other hand, the SVG FSA is not considered a regulator and does not supervise trading or protect traders, but allows Axi to provide its traders with much higher leverage. Should they choose the FSA SVG, British clients must rely solely on the reputation of Axi as no additional measures exist to ensure client protection.

Trading Conditions

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. View a full performance history and pick traders that best fit your financial goals. Filter traders based on what’s most important to you, including profitability, risk tolerance and asset type. Axi Copy Trading is provided in partnership with London & Eastern LLP, the app offers a simple way to identify and automatically copy traders.

The standard major, minor, and exotic pairs are included in their forex. Myfxbook Autotrade is an online automatic analytics tool that connects with your forex trading account directly through your MT4 trading platform. It lets you analyse your trades and copy strategies from other traders. You can search for systems that meet your requirement by filtering statistics that matter the most to you. Axi cater for all levels of traders with their leading trading technology being advanced enough for the more experienced traders whilst being simple enough to use for the less experienced. The powerful and reliable trading platforms are available in numerous languages.

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money.

Moreover, the broker doesn’t distract the customer with lots of account types and unnecessary frills. There is likely to be a high risk of losing money when trading with the AxiCorp Financial Services Pty LTD because the license stands suspended. Till the time axi forex broker it gets reinstated, traders may find the trading platform a bit dicey. An oversight in the administration of this company has resulted in the suspension of its license. Users located in off-shore jurisdictions may not be subjected to this suspension order.

• If you want to know more about the traders, you can copy and would like to look at Axi’s select investor list; then you can check that out here.
• WikiFX Internet and its mobile products are an enterprise information searching tool for global users.
• The mobile platform is powered by MetaTrader 4, providing access to over 140 trading products.
• Due to this, the company understands any type of trader and strives to deliver the best service, support, and as well as materials that they can.
• We were also pleased to find that Axi is regulated by the FCA, a British regulator that provides a high level of investor protection.
• With all of these requirements and compliance measures, safety is ensured.

However, the Pro account does have a zero spread which can be great for forex traders looking to scalp trade, moving in and out of trades quickly. This software continuously analyses your trading performance, specifically your trading style. It then compares the data and provides intraday charting and current updated performance impact analysis. Essentially, this software monitors your trades, analyzes the data, and informs you how to make better trades. In terms of the available platforms that Axi offers its clients, they are able to use MT4 and their “copy trading” proprietary app. The spreads are quite competitive, starting as low as 0.2 pips, but we will take a closer look at these when we dive into the available accounts Axi.com offers.

Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. We have brought out an extensive review of this company and found it legit and recommendable. This broker provides maximum flexibility on deposit requirements for all traders. Axi is a trusted brokerage firm that caters to 60’000+ traders across 100+ countries. Axi offers Ultra-competitive pricing, unbeatable value, free education, and award-winning 24/5 customer service. 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.