AxiTrader Review: Is it a Scam Broker? Everything We Know!!
With that said, Axis does not charge an inactivity fee or withdrawal fee. What’s best about trading with Axi is that it has no minimum deposit requirements, you are free to deposit any amount. We can say that the fees and costs of Axi are favorable for traders.
AxiTrader UK Review
- You can follow all the ups and downs with real-time updates by viewing live pricing.
- Another advantage is that the broker groups the education material according to certain topics, to help both beginner and professional traders find the information they need easier.
- For those who are uncertain, they can start with the demo account and move their way up.
- Axi was founded in the year 2007 and was rebranded from AxiTrader to Axi in 2020, with a goal to be the online broker that traders would like to trade with.
- We have reviewed AxiTrader comprehensively and honestly to assist the clients in choosing a suitable broker in the UK.
- You can of course also test it in a demo to make sure it works for you.
It makes use of some of the most sophisticated algorithms which will analyse your own personal trading style to give you hints and tips about how to improve it. This allows you to follow the trading strategies of a group of professional traders. You can also make use of algorithmic strategies that have been developed by these same professionals. Duplitrade is an extra feature that is offered for free to all of those AxiTrader clients who have more than $5,000 in their accounts.
How to open an account with AxiTrader?
The educational resources are comprehensive, helping me to stay informed and make better trading decisions. The market analysis provided is spot-on and has been invaluable in my trading strategy. Axi broker is a great choice for any trader looking for a reliable and efficient broker. Since the company is managed by traders themselves, they understand the need to have a great 24-hour service and give their best to deliver it to their clients. It offers an advanced and developed MetaTrader 4 (MT4) platform that allows traders to enjoy the maximum capacity to trade.
Axi MT4 for Desktop, Mac, and Mobile
Before we conclude, we will give you our free best alternatives in case you are not sure if the broker is a good fit for you. All these alternatives are highly reputed and regulated brokers, but they all come with pros and cons. It won an award for being number one for Customer Service in investment Trends year 2013 during Australia FX Report.
Account Base Currencies
If you were looking for more options concerning trading platforms, you can check my top forex brokers list to choose the best option for you. If you have any questions, feel free to leave me a comment and I’ll get back to you. As mentioned in the fees section, with the pro account you have much lower spreads than the standard account although you do have to pay lot commission. They have an extensive track record in the industry and are well known for their relatively attentive customer service and extensive asset coverage. They also have a range of trading platforms and give traders numerous customisation options. Also, AxiTrader offers training and free educational materials every trader needs.
Which trading platforms are supported by AxiTrader?
After all, you only want to invest your hard-earned money with trusted, reputable companies which offer dedicated customer support. After testing Axi extensively and with our own money, we can give you an overview of the most important pros and cons we observed. At the time of this review, the total number of available instruments at AxiTrader is less than 150. Compared to other FCA-regulated brokers in the UK, Axi offers fewer instruments to trade. MetaTrader 4 is the most widely used trading platform developed by MetaQuotes Software in 2005.
In order to be sure that AxiTrader is not a scam, read our trader reviews and check other popular trading related websites and forums. We placed 3 trades for each instrument to get a complete picture of the average spread. We tested the Standard Account with AxiCorp Limited which charges a spread on all tradable instruments. The platform is known worldwide for its great performance and fast applications. In order to open an Islamic account with Axi, you need to get in touch with their customer support and request an account opening. The broker will request some proof and they’d have the right to accept or deny your request.
Overall, we found that AxiTrader fees are relatively low or no fees at all. In this case, the client’s funds are safely kept in segregated accounts with top-tier banks and secured by compensation schemes. As well as all online transactions, executions, or traders’ manipulations are fully encrypted and follow operational guidelines. Axi charges low fees for all the instruments on offer including Forex pairs, indices, commodities and cryptocurrencies. Generally, the minimum deposit at Axitarder is $0, so it gives you the freedom to choose the desired amount to start trading with. There are various trading instruments to trade in like Forex, Indices, Shares, Commodities, Gold, Silver, and Oil.
For example, with their pro accounts they are offering traders close to 0 spreads on some of the major forex pairs. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms.
The unavailability of MT5, cTrader, or any other trading platform apart from MT4 is a disadvantage for those who do not prefer to trade with MT4. In the next step, traders need to provide further details of their name, date of birth, and address. These details will be verified by submitting a soft copy of the documents. Hence, the entered details should be the same as that on the documents.
With over 140+ currency pairs and their killer Pro and Elite account offerings, they definitely become an attractive choice for seasoned currency traders. On the other hand, when it comes to pretty much any other asset class, they’re well below their competition. For a full comparison, we decided to take a full combination of their fees in all accounts and compare them against the same standard offered in other leading brokers. The company is considered to belong to Australia’s top forex brokers and even extended its expertise to other locations.
The company has complied with the Financial Conduct Authority (FCA) and gained its regulation. Yes, AxiTrader is regulated by top-tier regulatory authorities like FCA and ASIC. It is a market maker but can be trusted to trade forex and CFDs in the UK. In case of an unsettled dispute between the broker and clients, clients are protected by up to GBP 85,000.
Finally, we withdrew our funds to determine if the withdrawal process was smooth. All withdrawals will be processed within 1-2 business days upon receipt. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. With low latency execution and deep liquidity, AxiTrader makes it easy to join the world’s biggest trading market in all possible ways.
It enables you to track your progress with comprehensive trade history and improve with analysis too. It gives you access to the same depth of pricing as institutional businesses like banks, financial institutions, and hedge funds. With this account, you can run your strategy across multiple currency pairs by taking advantage of low https://forexbroker-listing.com/ spreads across both major and minor currencies. It has a positive slippage where you’ll receive the benefits of positive slippage and better trade prices with the help of AxiTrader’s price improvement technology. The company gives its dedication to delivering the needs of aspiring traders as well as professionals in online trading.
As mentioned above, this platform is available on a desktop as well as a web browser. MT4 WebTrader Platform gives you access from your MT4 account to your web browser. Also, you can definitely use it on your Mac devices, and its functionality is incredible, and it is user-friendly but has a kind of a learning curve for trading beginners. axitrader review You can simply download it completely free from a Mac-based solution. We can say that these awards can serve as proof that trading with AXI is secure and that the company has excellent service. With this said, AxiTrader holds client funds in segregated accounts (with top-tier banks) and has amazing programs to secure its clients.
It lets you place a number of orders in bulk, with speed, into an unlimited number of accounts or multiple accounts. It allows you to control an unlimited number of managed accounts from one trade terminal. Each trader wants to trade with a Forex Broker who truly understands their needs. In this review, we will tackle the company itself (AxiTrader), its platforms, services it offers and etc.
AxiTrader can be considered safe to trade forex and CFDs in the UK. AxiTrader is regulated by 2 top-tier regulatory authorities and could be a good choice to trade online in the UK. We have reviewed AxiTrader comprehensively and honestly to assist the clients in choosing a suitable broker in the UK. Aside from these two points, it’s not necessary to include a MT4 review as the platform stays the same across all brokers regardless of the brand name chosen.