If you have further questions, you can contact your account manager who will be happy to help. The pro account also has variable spreads starting from just 0.0 pips with a commission of $3.5 charged. This account may be preferred if you need the tightest possible spreads. This may be the case if you are using a scalping system that looks to take advantage of minor price movements.
only used for a couple days
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. You can trade from your computer or mobile with all of the tools needed for analysing the markets, placing and managing positions. Traders can choose a major base currency for their account from the AUD, USD, JPY to Euro.
Which Markets Can You Trade?
- This is the avenue US-based traders need to choose to trade forex to meet American regulation.
- This account specifically caters to Muslim traders who prefer adhering to the financial standards of their religion.
- As outlined above, a copy trading app is also available for investors who wish to copy the positions of other traders.
- Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
With Axi, there are a wide range of trading platforms and tools available and at your disposal. ForexVPS – They offer 24/7 customer support at a price of $34,99/month, but Axi will cover the fee if you trade more than 20 lots per month. Axi is a CFDs broker, every asset listed on the platform is offered in CFDs.
Axi Reviews
You can choose from the standard or pro accounts that are flexible depending on your individual needs. I appreciate that all of the accounts feature simple and secure funding, advanced trading platforms and powerful tools for finding trading signals. They give you direct access to the latest market data with multiple liquidity providers (LP’s) from 14 of the world’s largest banks, for live pricing and superior trading conditions.
How Do You Fund An Axi Account?
If you have experience trading with Axi please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by Axi and its competitors. Please note, some markets may only be available via CFDs or other derivatives. https://forexarena.net/ This means that proof of identity may be required before withdrawals can be approved. The app is fully functional, easy to navigate and provides all the advantages of using the site on a laptop or desktop. Axi will execute your request and deposit the cash into your bank account.
Seamless Funding and Top-Notch Risk Management Education.
If you are looking for a dedicated social trading platform, then eToro would be my top choice. Trades from signal providers are placed automatically within your account and can be stopped at any time. You can follow multiple signal providers and do not need to be at your terminal when trades are placed. Risk parameters are flexible and can be set according to your own preferences. Whilst this can be a good hands-off solution for those who do not have the time or knowledge to trade by themselves, I find the signals to be hit and miss.
This shows me that they are a broker who wants to encourage informed trading decisions. Axi have an education centre with free training for all levels of traders that covers a range of basic, intermediate and advanced subjects. The centre includes eBooks, webinars, video tutorials and a glossary.
There is also a zoom feature and the capacity to use technical indicators, enabling traders to predict future price movements. Opening a trading account with the Axi trading platform is a reasonably straightforward process involving steps we will now outline. However, it is worth mentioning that while you can finish most of what’s needed to open your account in less than 30 minutes, completing the registration process takes between 2 to 3 working days.
This delay is because Axi needs to confirm your identity before you can fund your account and begin trading. That said, here are the steps for opening an account on the Axi trading platform. The Axi trading platform delivers its desktop experience through the MetaTrader 4 platform from MetaQuotes Software Corporation.
I’ve narrowed down my research and found out AXI to be matching my requirements and expectations. Finally, the broker has bagged several industry awards from Forex-Awards.com, Atozmarkets.com, ADVFN International Financial Awards, and more. Some of the awards include Best MT4 Forex Broker, Best Forex Broker Europe, Best Forex Broker Middle East, and Best EMEA Region Broker. While Axi offers a good support service, they do not deserve our top mark here since they do not offer support service over the weekend (only Mondays to Fridays), unlike peers such as IC Markets.
Axi is an award winning, regulated online broker created by traders for traders. They offer tight spreads, low commissions, rapid trade execution speeds and a range of different markets. Advanced platforms and trading tools ensure an excellent trading experience. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. Apart from Forex trading, Axi allows traders to buy and sell over 150 financial instruments across different asset classes. But, 130 financial instruments cannot compare with what its major competitors, such as IG or IC Markets, offer. Also, we found that Axi has a bit limited diversity of asset classes, as it does not offer CFDs on bonds, futures, options, or interest rates.
Deposit options for client funds include bank transfer, credit card, MasterCard, Skrill, BPAY, China UnionPay, bank wire transfer, MoneyBookers to Neteller can be used. For people having AUS bank accounts, the withdrawals do not attract any type of commission. However, the broker can charge anywhere between 15 and 25 dollars for people having international bank accounts.
The main way that Axi generates revenue is spreads, and even these are among the industry’s thinnest. On Pro accounts, there’s a $7.00 roundtrip commission on each trade ($3.50 when opened and $3.50 when closed). This is the most popular version of MT4 that is used axi forex broker by millions of traders across the globe to trade the financial markets. From the high performance MT4 terminal you can access Axi’s full selection of trading instruments. You simply download and install MT4 for PC or Mac and login to your account to start trading.