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. 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. For international bank wire transfers, your bank may charge you a receiving fee. This non-transactional fee is your responsibility; please check with your bank if you are unsure. Also, the broker will require Proof of Identity and Proof of Source of Funds before processing withdrawals through international transfers.
- All these provisions come together to ensure that new traders can learn what they need to know before signing up for an account.
- Axi offers clients popular payments in order to fund their accounts.
- You can also open a subaccount, using one account for copy trading and another for original trades.
- Traders can get the advantages of Bitcoin’s high volatility without the need for a digital wallet, no requirement to purchase physical Bitcoins and without the risk of digital currency theft.
I recommend traders check with their preferred one to ensure the most cost-efficient method. Traders must request withdrawals from the secure client portal, and the name of the Axi account must match the one on the payment processor or bank account. I like the hassle-free withdrawal approach at Axi, as it adds to peace of mind when trading. The MT4 forex trading platform is ideal for forex traders of all levels. The forex trading platform is very clean, and all the charts and other trading tools are easy to find and use. There are more than 60,000 traders in at least 100 countries using Axi to achieve trading ambitions.
Spreads & Commissions
In our Axi reviews, we make a point of checking the claims made by brokers. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. Axi has a huge advantage over its axi forex broker competitors in terms of inactivity fees as the broker does not charge any inactivity fees from the traders’ accounts. When you trade cryptocurrency CFDs with Axi, you don’t have to invest directly in the product. Instead, you’re simply trading on the real-time price movements in the market.
Professional traders designed these free interactive online trading courses, which contain textual content, videos, and quizzes, offering traders a variety of learning options. Axi requires a minimum deposit of $0 for all live account types, and it will not charge any fees on deposits. However, as with many brokers, you should be aware that there may be charges from the payment providers, which are beyond Axi’s control. Backed with the reliable MT4 trading platform, Axi offers you the confidence that your trade will be delivered at a very fast speed. Axi offers a reliable ECN execution of trade orders with no dealing desk intervention. An ECN model of operation boosts client trust and allows for breakneck execution speeds.
- Yes, Axi is regulated by four different regulatory bodies across its many locations.
- On the downside, however, opening accounts on the site takes more time than it should, and that can easily make new users lose interest.
- Demo users get 30 days to practice trading and there’s no obligation to upgrade to a live account before the person is ready.
- VPS hosting enables traders to run their EAs or automated trading software on the cloud 24/7 enabling them to fully automate the trading process without interruptions.
- Bullion refers to trading metals, and with Axi they are traded as CFDs.
When your trading account is verified, you are welcome to fund your trading account using any of the payment methods available on the broker’s website. The website is encrypted to ensure the safety of your personal information. It is also available in a host of locations around the world, with offices in at least 6 regional locations. Attitudes to Axi on Reddit are generally positive, though there don’t seem to be too many threads about this broker on Reddit. One user considers them a “nice enough bunch” after visiting their physical offices.
Axi Deposits and Withdrawals
Also, UK-based retail clients’ funds are insured via the Financial Services Compensation Scheme in the event of broker insolvency, as we discussed earlier in the review. An index is a financial product that tracks the performance of an entire market, a market sector, or a specific group of assets. Trading indices is generally considered safer than trading individual stocks since no single company can sharply influence the overall price of the index. After filling in the account creation forms and uploading the relevant documents, you will have to wait until the broker verifies your account.
Besides, it also supplies expert insights such as market analysis, news, expert commentary of price changes. The ultimate goal of Axi forex education is to reduce and earn maximum profit from trading. Usually, the standard account offers a wider spread that starts from 0.4 pips, while the pro account supports the higher spreads starting from 0.0 pips. What differentiates the Pro account from the Standard is the low spreads and trading commissions applied to trading volumes. The spreads start from 0.2 pips on major pairs, but there is a commission of $7 round turn per 100k traded. The base account currencies are AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD, just like in the case of the Standard account.
Axi Review
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. The correlation trader will show you the correlation between different instruments and can help to find potential trading opportunities and for order management.
The tab is also customizable, allowing you to switch the view between classic and advanced modes. Traders can access articles with expert marketing tips and insights, trading updates and signals, and their personal trading activity history through the platform’s terminal window. Deposits to an account on the Axi Trading platform are usually subject to deposit fees, though the deposits have to be above certain limits to warrant these charges. These are obtained from non-trading actions you perform on your trading account.
All of the courses are available for free to anybody, anywhere in the globe. Axi Academy can help you become a smarter trader and uncover your trading edge. Copy established strategies and portfolios from hundreds of traders all over the world right into your MT4 platform to automate and simplify your trading experience. Autochartist provides the bulk of research content at Axi, but the Axi blog also features a weekly market review. It is well written and features charts with easy-to-understand trading ideas. All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds.
Axi operates under the AxiCorp Financial Services Pty LTD, which is regulated by multiple regulators worldwide. Membership from any of these regulatory bodies means the broker is safe to trade. Axi demo account is a mirror of the real account, but you cannot withdraw any money from the account, and all the virtual deposits will be gone after 30 days. Traditionally this is the first thing that came to the operation for the MetaTrader 4 platform. In the beginning, traders had to use the desktop as there were no web or mobile platforms.
What is the maximum leverage in Axi?
While the differences between the three account types might not seem significant, the key is in the detail. Elite accounts will offer even lower spreads for traders with considerable trading capital. And, hey, you could always swap to a different account if you needed to.
Forex Pairs
There are two types of accounts that one can open, being the Standard Account and Pro Account. It was previously known as AxiTrader, which was fully licensed and regulated in 2010 before rebranding to Axi (DFSA, FCA, ASIC). This is an Australian forex broker with an international client base.
By subscribing to an MT4 Forex VPS hosting service for round-the-clock access, you may improve dependability and make sure that your trades are never halted. On the polar negative end of the divide, there are users like this one who complain of funding problems and poor response from customer service. To withdraw funds from your trading account, these are the relevant steps.
However, if you are an advanced level trader and don’t need to follow up with the broker with the demo, you can directly open the live account. Furthermore, Axi was established by some traders who had immense experience in forex trading. So, the broker works from the trader’s perspective and is really user-friendly.
