Axi Review Formerly AxiTrader year : Is It a Good Broker?

The third-party PsyQuation trading analytics platform also provides an excellent tool to make traders better. While Axi has three well-regulated subsidiaries, most international traders will deal with the unregulated unit operating from St. Vincent and the Grenadines. Since Axi has an exceptional reputation, I do not view this as an issue. Axi is a member of the Hong Kong-based Financial Commission, featuring a €20,000 compensation fund.

They won’t let me withdraw my funds

The finest location to learn about trading online is Axi Academy. Axi’s comprehensive trading courses are developed by traders for traders to guarantee you obtain the necessary information and abilities https://forexarena.net/ to be successful in the markets. 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.

Great platform to work off.

The commission-based Axi account delivers as advertised, with raw spreads of 0.0 pips for a commission of $7.00 per round lot, which resembles a competitive pricing environment. I have just lost my whole account with this company because they offered an auto trader that clearly doesn’t work. If anyone from the axi company see this review i would really appreciate it if you can do something to help this matter as i really did trust you as a company. Axi is also one of the few brokers to offer funded trading accounts.

Great Broker

The additional services the site offers to aid trading include, MT4 VPS Hosting and MyFxBook Autotrade. Traders on the Axi Trading platform are able to fund their accounts and withdraw funds through a variety of deposit and withdrawal options. Here, we will review the methods for deposits and withdrawals. Axi also axi review has an offer for the shariah-practicing traders, especially from Islamic regions like the UAE, who are prevented from earning or paying interest due to Islamic religious beliefs. In addition to being interest-free, this account type is also swap-free and features customer service and high trust and regulation.

The Axi website and trading resources are easy to navigate and function well. The educational resources and the practice and copy trade functions mean to give the user plenty of options for learning to trade. All in all, Axi offers users a positive CFD trading experience.

• Axi has also been around for more than a decade, so enjoys a good reputation within the industry.
• I have not experienced any problems with this broker and have been with them for over 5 years now.
• Axi only permits withdrawals in compliance with established third-party transaction guidelines and stipulations.
• The calendar is organised chronologically, detailing any events that occur inside a day and the time they occur.
• As outlined above, a copy trading app is also available for investors who wish to copy the positions of other traders.

Fees Schedule

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. It goes against our guidelines to offer incentives for reviews. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. With the available videos education, it didn’t take long to get acquainted with the functions and order placement.

As such, all data is encrypted during transmission and the company uses cutting-edge software to protect traders. Axi has a regularly updated blog, which details industry announcements and views as well as insights into economic news across the globe. There is also the opportunity to receive market and technical analysis from experts. In addition, guides and infographics provide added data for traders. Axi offers a demo account that allows up to thirty days of dummy trading. Customers can choose whether to open a practice standard or practice pro account.

The minimum deposit is just $1 or there is an option for a demo account if you want to start trading risk free. Established in 2007 in Australia, Axi (formerly known as AxiTrader) has grown to become one of the leading names in the online trading industry. They provide advanced trading platforms, special tools, and a trust-driven trading experience under strict Top-tier regulations of ASIC and FCA.

You can join the community to ask questions, open discussions and get practical guidance on becoming a better trader. There is a markets blog where you can read about the latest market news. This section is frequently updated and includes technical and fundamental chart analysis which can help inspire potential trade ideas. I had a browse and managed to find some helpful insights for managing my open positions. The volatility analysis gives information related to the volatility of markets at any given time with an adjustable risk parameter to identify instruments that meet a certain volatility criteria. It is important to emphasise that signal performances are based on historical performance and there is no guarantee on future performance.

Axi MT4 has the benefit of having invested in co-located servers and fibre optics for speedier trading. Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account. During the London-New York overlap session, I received a 1.1 pip spread for the EUR/USD or $11 per 1.0 standard lot. It is an above-average trading cost, and I recommend traders avoid it.

This service is especially designed for new traders, enabling them to copy the trading patterns of the most experienced traders on the platform. It also offers a wealth of resources to help traders maximize their trading experience. These include multiple MT4 Video tutorials to help users learn to use the third-party app, a comprehensive blog, a trading Academy, and a selection of educational webinars and seminars. There is also a commendable customer support system for users.

Axi’s Pro account is definitely at the same level as most of their similar competitors. The real strong advantage is their Elite account which definitely outranks any other FX commission offer out there with a $3.5 per lot round turn offer. The only issue is of course, being able to afford the $25,000 minimum deposit to get such conditions and also being an eligible professional client if you’re located in Europe. The broker uses industry-standard security measures to ensure that client data is kept safe.

If you open a standard account with Axi, there is no commission. That said, spreads available for standard account holders only start at 0.4 pips. In comparison, the pro account charges a $7 USD round trip commission but spreads start from 0.0 pips.

According to Axi, trading commodities on their platform is less about trading in the actual materials and more about trading the underlying price movements of the relevant commodities. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading!

Another unique feature I want to point out is AxiSelect, a program that funds talented traders with up to $350,000. The Axi Community completed an excellent set of value-added services at Axi, all intended to promote better traders. Besides competitive trading costs, Axi offers traders the third-party trading analysis platform PsyQuation.