Axi AxiTrader Review 2022: 6000 Deposit Trade Tested ️

Axi have 10 crypto pairs available for trade, Pepperstone has 21 currency pairs plus 3 crypto indices so if you want more variety of cryptos, Pepperstone is the way to go. As the commission is in USD, the commission fee may be higher once the currency is converted to your base account. The Islamic account is not listed on the Pepperstone website however is available on request.

As mentioned above, this https://traderoom.info/ is available on a desktop and as well as a web browser. MT4 WebTrader Platform gives you access from your MT4 account to your web browser. It is abundant in features but optimized for lightweight web-based performance and gives comprehensive functionality with added flexibility to trade from any internet browser, on any device. Also, you can definitely use it on your Mac devices and its functionality is incredible and it is user-friendly.

Is Axi regulated? – Regulation and safety for customers

The usual time of withdrawals is 2-5 days, mostly dependant on your own bank. The average spreads for Pro account, after factoring in the commission fees, was at 1.14 pips (0.44 commission + 0.7 commission) whereas Standard account offered 1.24 pips spread. This setup helps AxiTrader to offer competitive pricing on PRO account, with 0 spread and, standard account with tolerable spread fees. You can find the feedback from Elite CurrenSea’s clients onour websiteand inFPA.

After more than a decade in the market, the trading platform is in business with some of the world’s biggest companies and global brands. The broker has market-competitive spreads across a wide range of commodities, currencies, and indices. During liquidity, the spreads fall lowest to 0.0 pips, and AxiTrader adheres to ensure that the costs stay competitive. It also brings down the high risk of losing money in the initial trades by simulating the outcomes of those forex trades. Axi offers a comprehensive instructional program, which makes it a great alternative for new traders. The third-party PsyQuation trade statistics program is also a useful resource for growing traders.

Read the Ultimate Guide to Forex For Beginners Here

Expert advisors of the trading platform recommend all their customers to research and analyze the financial market before investing any amount of money. It is further recommended to use a demo account for trading before starting a live trading session. Yet further, it is also recommended to use the amount which a trader can afford to lose. As a customer, you can enjoy a seamless and user-friendly experience with AxiTrader. The platform is easy to navigate and offers a wide range of financial instruments, including 80+ currency pairs, bullion, metals, and commodities.

Now I am passionate about reviewing and comparing forex brokers. AxiTrader offers in-depth articles on many trading topics to help traders improve their trading results. Axi offers different leverage levels to its clients depending on the entity under which they registered their accounts. You can run most types of trading strategies as the broker allows high-risk strategies such as hedging and scalping. We were particularly impressed by the low spreads charged on Bitcoin trades, which are less than a third of the industry average, making the broker very attractive to Bitcoin traders.

• You can get better analysis and reporting by the use of an automated trade journal that automatically records your trading activity.
• MT4 is the world’s most popular forex trading platform, and using the platform means you can easily switch to other brokers that use the same platform.
• Axi has licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines.

To set alerts, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app’s settings), by going to the ‘Tools’ menu and then ‘Options’. The web trading platform of Axi is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks price alerts. We tested the bank transfer withdrawal and it took 2 business days. What you need to keep an eye on are trading fees and non-trading fees.

Deposit and withdrawal

Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. The company is also a member of The Financial Commission, an international organization engaged in resolving disputes within the financial services industry. When using Axi Copy Trading, you will be able to select from a wide range of traders to copy, allowing you to find the best possible strategy for your risk tolerance and trading goals. You will also be able to manage your risk by setting the maximum amount of money you are willing to risk and the amount you want to invest in each trade.

Insurance up to $1 million by Lloyd’s is available for the accounts larger than $20,000. I found opening an Axi account to be a quick and easy process. You simply complete the registration form and verify your email address. You will then need to upload proof of identification and address for KYC purposes. Once verified, you will then be able to fund your account and start trading. Customer support is on hand to assist you during the process if required.

• 69.6% of retail traders lose money when they trade CFDs with this provider.
• It is a partnered service that AxiTrader runs with four VPS providers, namely, MetaTrader VPS, ForexVPS, BeeksFX, and Commercial Network Services.
• Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
• AxiTrader is a smart choice for savvy forex traders looking for a MetaTrader 4 Forex broker with enhanced features, strong customer service matched with relatively high leverage.
• MT4 WebTrader Platform gives you access from your MT4 account to your web browser.

Check out the current account balance requirements at Axi in our What is the minimum account balance at Axi article. Being regulated by several top-tier financial authorities is a great sign for Axi’s safety. Under ‘Learn to Trade’, you can find seminars and webinars to watch.

Is Axi regulated?

Yes it’s always a risk but AX Trader have really taken liberties with the amount of people clearly left without their funds. Insolvency and Law help with incidents like that and myself and a few others are currently working with them in the hope of getting funds back. The MT4 platform can be customized to a great extent, but is a bit dated and Axi’s web platform can be slow at times. However, you cannot withdraw funds back to a credit/debit card even if you funded your account using this method. We registered our account on 1 January 2022 and it was verified on 2 January 2022.

If you have further questions, you can contact your account manager who will be happy to help. I like that there is a generous selection of deposit and withdrawal methods for us to choose from. You can use a credit card, bank transfer or an online payment processor such as Neteller, Skrill, FasaPay and Sofort. They are also one of a few brokers that accept cryptocurrency payments with Bitcoin. The pro account also has variable spreads starting from just 0.0 pips with a commission of $3.5 charged.

It can execute axitrader review blocks of orders on all accounts that are operating under a master account with 6 allocation methods and all order types accepted. The MAM is only available to approved and regulated operators of discretionary accounts or managed investment schemes. You will find a good choice of trading tools that can be used for assisting with your trading. I like that they are providing signals, chart analysis, multiple account management and more. Here is a screenshot of the Axi MT4 Pro trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Professional and non-EU clients are not covered by negative balance protection.

Enjoy daily access to exclusive expert insights, trend analysis and views on the latest market news, all designed to help build your knowledge and improve your trading skills. Open direct channels of communication with professional traders and highly experienced analysts, then trade alongside them as they take on the markets every day. 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.

If you have any issues when trying to open an account, you can get in touch with customer service through phone support, email address, or live chat. Remember many retail accounts lose money when trading in the financial markets. Even though the trading company provides a very competitive fund deposit price, the recommended min deposit is $200 for trade purposes. No fees AxiTrader charges for deposits and withdrawals done via bank transfer. A withdrawal request is processed fast with no withdrawal fees and funds are credited to the client’s bank accounts in 1-2 business days. I like the trading experience at Axi as the Pro account offers raw spreads from 0.0 pips for a commission of $7.00 per round lot.

Third and last, fund your account with any amount you want as Axi does not require any minimum deposit and you can go ahead and start trading. When combined together, this can be a powerful edge to get better trades in trading. Which includes all the features of a standard account such as the use of EAs. This platform offers convenience, increased automation, and broadened functionality.

Axi Review 2023

The platform serves as a broker to millions of traders around the world. Any type of trader would want to be able to trade anywhere and whenever they want.AxiTrader lets you enjoy trading wherever you are whenever you want with its mobile trading. It is quick and easy to install, full of functions like charts, alerts, and analysis to help you keep pace with the market, in real-time. AxiTrader mobile trading app connects your main MT4 trading terminal to give you trading flexibility to the maximum.

I have been in this country for 5+ years, and know first-hand what a tight ship they run. Axi Select is our programme that identifies the most promising traders and turns them into professionals. Whoever is the admin of this site, my respect and congratulations to you. Also my thanks to supports, Aamir and Jimmie and the whole Axtrader team! 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. AxiTrader also provided video tutorials on how to navigate their platform.

It takes a minimum of two business days for a new AxiTrader account to get approved. Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation Premium tool. This helps users get exclusive educational articles on the market. The AxiTrader website also runs video tutorials and offers eBooks to increase the understanding of trading among users. The MT4 WebTrader is best used to get a quick visual overview of the markets, study the charts, and monitor the existing trades. A full module of this web app provides dozens of indicators, which work as drawing tools for completing the order management functionality.

Well, here is my feedback, closing my account and cannot be bothered no more. Please note as soin as we will receive the funds we will add to your axi trading account. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.

AxiTrader’s pure Forex accounts have the privileges to select assets and indices with proper diversification. Moreover, AxiTrader helps new retail traders start their first trading account before becoming advanced traders and running into the platform’s limits sooner or later. You just need to fill in the form, download and install the platform (MetaTrader 4 / MT4) and start practice trading with $ 50,000 virtual cash on the account. We highly recommend getting a demo account before going live in trading because it is important to practice your skills and strategies and as well as be comfortable with the platform.

70% of retail investor accounts lose money when trading CFDs with this provider. Axi processes withdrawal requests within one to two hours, ensuring traders get swift access to their capital without complications. There are no internal fees, but third-party processor costs apply.

MT4 has a user friendly interface with a range of benefits and features including technical indicators for analysing charts, automated trading, one click trading, flexible charts & tools. An advantage of the Axi MT4 is that they have invested in co-located servers and fibre optics for faster trading. Despite increasing competition, including the introduction of MetaTrader 5, MetaTrader 4 remains the most used forex platform worldwide. MT4 is the world’s most popular forex trading platform, and using the platform means you can easily switch to other brokers that use the same platform. Both Pepperstone and Axi offer tools that will be of benefit to basic and advanced users. AxiTrader is one of the most trusted forex brokers of Australia.

The forex pairs offered comprise 80+ major, minor and exotic currencies, accommodating the global market to accommodate forex clients around the world. With operations in Australia, the UK, and around the world, AxiTrader has a truly international flavor. Since Axi gives traders the ability to trade Forex and some CFDs, you must know the difference between these two in order to have better trading results. CFDs are complex instruments and come with a high risk of losing money or investments rapidly due to leverage. About 74 – 89% of retail investor accounts lose money when trading CFDs with this provider.