Axi offer multiple variations of the popular MetaTrader trading platform. MT4 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). Axi UK must comply with the rules of the European Securities and Markets Authority when they are conducting their business. These rules limit the amount of leverage offered to EU clients and the way in which financial services are promoted. In this detailed Axi review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
- The ultimate goal of Axi forex education is to reduce and earn maximum profit from trading.
- The online broker will try to exit the trader before the trader loses more than the amount set.
- Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
- Regrettably, this subsidiary fails to explain to traders how it serves them, which presumably does so via its international entity, AxiTrader Limited.
- Since being founded in 2007, AxiCorp has grown into a truly global business.
- The broker offers ECN trading conditions with a minimum deposit of just $1,000 on the Pro Account.
A dedicated account manager is available to assist traders along their journey. Servers are located close to the exchange in New York, for improved trade execution.
Forex Platform Conclusion
Selection-wise, it is specifically offered for newbie traders. However, those with an advanced level of experience may find this both inadequate and restricting. That’s why, in most instances, you may encounter this issue at all trading platforms. On the other hand, if you choose a pro account, you pay $7-AUD for a spread at 0.0 pips.
The facility that enables a trader to get a much larger exposure to the market than the amount he or she deposited to open a trade, is called leverage. Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss. The MT4 Standard Account does not have any commission, but the MT4 Pro Account fees are built into the spreads and in addition to that, there is a US Dollar 7 commission charged per round.
As with currency exchange markets, commodity markets offer different investment opportunities for traders. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty. Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size of the position, and the leverage applied to your trading account. Axi offers MT4 as its main trading platform, but offers a good range of trading accounts to choose from. These accounts have different specifications, giving traders a diverse set of options. Axi was founded by traders, we understand what traders want.
Top Brokers List
As such, Axi is considered safe because it is regulated by several top-tier authorities. TradingCenter provides essential information and tools for learning and trading the Global Financial Markets. TradingCenter helps investors to improve their skills and their level of understanding regarding core mechanisms of the trading process. Foreign exchange reserves AXI is a multi-featured and very competitive ECN Forex broker covering the needs of advanced and professional traders and especially as concerns intraday and automated traders. offer a wide selection of trading assets including 50+ Forex pairs, cryptocurrencies, indices, precious metals, energies, and some commodities.
The platform offers many powerful and unique indicators, quantitative models that are at an institutional grade level and frequently updated trading signals. With clients all over the globe, the online broker AxiTrader offers high-quality, multi-lingual 24/5 customer support through live chat, a toll-free phone hotline and email. Our review found, that their award-winning service was named ‘#1 for Customer Service’ in the December 2013 Investment Trends Australia FX Report. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs.
The parent company AxiCorp Financial Services Pty Ltd changed its brand name Axitrader to become Axi at the end of 2020. In the same process, they also changed their existing website from axitrader.com to axi.com to match its efforts to revamp the AxiCorp brand. Tell our team and traders worldwide about your experience in our User Reviews tab.
AutoChartist looks for trade opportunities all the time, alerting traders whenever it happens upon a profitable setup. Axi’s platform offer is built almost entirely around MetaQuotes’ MT4. The award-winning platform has been made available in a staggering array of versions, covering just about every device capable of running the software.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. They have a sizeable range Axi Forex Broker Review of tradable instruments and offer advanced trading tools, along with competitive spreads, relatively low commissions, and fast execution through the MT4 trading platform. You will get to select from two types of live accounts, standard and pro. A standard account offers higher spreads but no commissions, while the pro account includes commissions with raw spreads. In contrast, for the favorable trading condition, the pro account is best.
They have a simple to use forex trading platform, tight spreads and an excellent training program. The fx broker is certified in Australia, which is critical due to the safeguards in place to protect currency traders. Our Axi review above explains the wide range of financial instruments for trade like oil, silver, gold, CFD, etc. Traders can choose from 50 different types of currency pairs like AUD/USD, JPY/EUR, EUR/USD, AUD/CAD, etc. The market is open 24-hours and one can trade at any point of time suited to their needs.
Feel free to try Axi, as the trading fees are low and there are no deposit, withdrawal or inactivity fees. Axi has a great mobile trading platform, we really liked its design and user-friendliness. Yes Axi does not have its own self-developed trading platform, it usesMetaTrader 4,a third-party Foreign exchange autotrading platform. To access it, first, you have to log in to a completely redesigned client platform. There were times, when accessing certain menus took ages, with the whole page frozen, while loading. Axi has no non-trading fees.It charges no account, inactivity or withdrawal fees.
Be Carful Guys Service Use: Livelength Of Use: 3
Those having accounts in Australia will not have to pay a commission. International bank transfers, however, are subject to a $15 to $25 commission. Broker to Broker transfer is also available for select few companies. Our comparison shows IC Markets provides some of the best technology forex to achieve the highest execution for Australian traders. The average trader is not likely to will want to worry about the required setup and expenses associated with VPS. With this in mind, we recommend IC Markets over Axi when selecting a broker based on execution.
As broker fees can vary and change, there may be additional fees that are not listed in this Axi review. It is imperative to ensure that you check and understand all of the latest information before you open an Axi broker account for online trading. The standard account requires no minimum deposit, has variable spreads starting from just 0.4 pips and charges no commission. PsyQuation is an advanced data analytics platform that uses highly sophisticated algorithms to analyse your own individual trading style and find areas for where you could improve. It is free to all Axi clients who maintain a balance of at least $500 and trade a minimum of 1 standard lot per month. This is the most popular version of MT4 that is used 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.
How To Start Your Axi Account?
In this review, we tested Vantage FX’s own mobile trading platform, which has great visual design and offers a wide variety of functionalities. Opening a digital bank account only takes a few minutes on your phone. Vantage FX trading fees are low.There are different cost structures for differentaccount types. We tested the Pro ECN with MetaTrader account, which charges a commission but offers tight spreads.