There are several methods you can utilize to add funds to your live account. This includes credit cards, debit cards, wire transfers, Skrill, Neteller, and many others. The detailed list can be found on the official website or in our review. AxiTrader was originally an Australian trading company, set up in 2007. Over the years it has expanded, opening a London branch in 2012 and commencing operations in China in 2015.
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The first Axi account type available that you will note as being both available and popular, is the Axi Standard Account. This account type has no minimum deposit at all and provides an excellent and highly competitive spread for you to start trading of just 0.4 pips with no additional commission. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs.
Pros and Cons: a summary
Higher leverage means lower margin requirements, but also less buffer to absorb losses before your position is closed out. Axi is not registered with the CFTC, which would mean they are not authorized to accept clients from the United States 💎. Yes, you can start with a Standard account at Axi and upgrade to a Pro account later if your trading requirements alter. With the available videos education, it didn’t take long to get acquainted with the functions and order placement. Just hope Axi can improve the charting to be able to see the high/low readings of individual candle bar. Be part of a dynamic trading community in public and private chatrooms dedicated to different trading topics, from FX and equities to analysis and strategies.
only used for a couple days
Accordingly, residents in relevant geographies can anticipate services that are airtight in terms of safety. Additionally, in tandem with oversight from the Dubai DFSA, Axi ensures that traders from 150 countries can access the trading platform in a secure, compliant manner. Demo accounts are available if you wish to test trading conditions and platforms before opening a real account. This can be a great way to familiarise yourself with the trading platforms and practice your trading strategies with virtual funds, risk free. Once you feel confident enough to trade with real money, you can then consider opening a live account. I would always start on a demo account to see how things go when trying a new system or broker.
- The MT4 forex trading platform is ideal for forex traders of all levels.
- There are few brokers regulated in both the UK and Australia, both of which represent some of the more demanding compliance jurisdictions in the world, but Axi is one of them.
- With a trust score of 81, Axi is considered reliable, falling into the ‘Trusted’ category according to ForexBrokers.com.
- You can add your favourite news feeds and follow traders from social networks.
Leverage
Here you can trade all the available assets including Forex, CFDs, Spread Betting, and Metals. While Axi provides a functional trading experience through MetaTrader 4, its overall platform and tool offerings are average. This may affect traders looking for high-end analytical tools and integrated trading features. From our comprehensive research, Axi stands out as an average choice for traders looking to engage in forex and CFD trading.
TrustPilot Users’ Reviews About Axi
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license https://forexarena.net/ with their database. On the other hand, if you’re looking for a variety of trading platforms and assets such as stocks, ETFs or cryptocurrencies, Axi will definitely fall short to your expectations.
Through this tab, traders can access market insights and updates from within the platform or from third parties. The MT4 has many good trading tools to help facilitate and make trading easier for clients. These include a set of analytic tools and windows for global variables. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee.
The Axi platform market for CFD and forex training has several competitors, including TMGM, Pepperstone and Vantage. All use the MetaTrader trading platform and offer similar products. Axi supports more languages than the competitors, but the client support is better with TMGM and Pepperstone. As an Axi trader, you can access a range of commodities, currencies, cryptocurrencies and indices. The company offers generous leverage meaning that you can make substantial profits, but losses can also be magnified, and you will still have to pay back the borrowed amount.
Those looking for an all-in-one trading experience may want to consider some of the larger brokers such as CMC or IG. This forex platform is the most popular globally based on its functionality, ease-of-use and automated trading. Based on solely MT4 Compare Forex Brokers found Axi offered the best forex platform offering. It didn’t though receive maximum scores simply because competitors such as Pepperstone and IC Markets offer additional platforms. This means that they don’t use a dealing desk but instead connect their clients with an ECN network so you can trade directly with global liquidity pools.
Again here you will be glad to find there is no minimum deposit needed. Discussing value you will find a very low spread from 0 pips if working with a Pro account and an equally competitive spread from 0.4 pips on Standard accounts. The broker also provides for a great range of VPS choices in ForexVPS, MetaTrader VPS, BeekSFX VPS, and CNS. We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points.
The broker provides an extensive range of materials in this regard that includes a huge choice of more than 60 tutorial videos. These can help you every step of the way in trading forex and more. Unfortunately, research is an area in which Axi does not perform particularly well. The research section with the broker only provides access to an economic calendar and no other insightful research tools like you may find with other major brokers. CNS Forex VPS – This VPS has been specifically designed for Forex traders. It is priced at $35/month and provides for a very high security level.
You can though open another demo account easily with just some basic information such as your name, country, and a valid email address. A commission of $7 is also applied per lot on a round turn trade if you are using a Pro account. axi forex broker Added to that, the execution speed is typically lightning fast and you don’t have to worry about receiving any requotes. Axi offers a moderate range of tradable instruments, with 65 forex pairs and a total of 175 tradeable symbols.
XTB also provide this service if you are a looking to buy and sell cryptocurrencies. You can trade commodities without needing to purchase the physical asset as you are simply trading on the price movement of the underlying asset or instrument. Some of the most popular traded commodities are gold, silver, oil and gas. 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. It is important to emphasise that signal performances are based on historical performance and there is no guarantee on future performance.