AxiTrader Review 2023 Axi Broker Minimum Deposit & Spreads

Axi offers a social trading servicevia Forex Trading Signals on the MT4 platform. 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.

Axi have a generous range of trading instruments for you to choose from. You can access multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs & ETFs. Whatever your interests, there is something for everyone to trade. Whilst there should be more than enough for most of you here, IG have over 17,000. The free educational course covers many aspects of trading from how to place trades, risk management, chart analysis, news trading and more. They can help you to arm yourself with essential skills and strategies to trade the financial markets.

We have forwarded your concern to our Affiliate Team and they are now looking into it. Please be assured that we are doing our best https://forexarena.net/ to resolve this as quickly as possible. You guys should inform your client when you see that there is an open overnight trade.

Powerful platforms. You at the Controls.

Axitrader is not a scam but voted timelessly for its trustworthiness, with low-risk Forex trading. The broker is licensed by top-tier regulators ensuring clients’ safety and compensation in case of insolvency. However, the account number you gave us was archived in our system; thus, no inactivity fee was charged to it. At the time of inception of my trading – Axi was not well known to me .

Advanced platforms and trading tools ensure an excellent trading experience. 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.

There is a 3% fee for card payments and other payment methods where deposits exceed a monthly limit of $50,000.Withdrawals are free if they are above $50 or for the full balance of your account. To read much more details about the broker’s services and features, expand on the sections below. 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.

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. Since joining BrokerChooser, he analyzed and tested 50+ brokers. He received his MSc degree in International Business from the University of Middlesex.

• To help ensure you have more money left to trade with, Axi charges no fees for funding and withdrawals to or from your trading account, up to a value of $50,000 per month.
• You can choose from low spreads with a small commission fee or pay no commission but have a spread mark-up instead.
• If you think that a VPS would be useful to your trading activities, Key to Markets also give you free VPS access if you trade enough volume.
• The main difference between the accounts are the spreads, commission and minimum deposit required.

Copyright © 2023 “Finance Magnates CY Ltd.” All rights reserved. Our research found that AxiTrader offers a full suite of MetaTrader 4, presented in Web, Android, iPhone, and iPad versions. Good to note, that not all MT4 platforms are created equal, as the broker may invest in a co-located server and fiber optics, in order to process more accurate trading or not. AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority and by the Australian Securities & Investments Commission. Since over-the-counter derivatives carry significant risks traders should be assured they’re dealing with a transparent provider, which can be provided only by the regulated broker.

Is AxiTrader Safe or Scam?

For instance, international transfers may take between 2 – 5 days. Bullion Spot CFDs are also accessible against other quote currencies, such as the Australian dollar, Swiss franc, Euro, and British pound. In addition, precious metals are also available in the form of commodity futures CFDs. With these instruments, traders and investors can gain exposure to gold, silver, and copper futures markets. Axi’s MetaTrader mobile app for Android devices is user-friendly and offers all the major features with flexibility and portability.

There is a mark-up (of 0.9 pips) to the average spread on Axi’s Standard Account to cover the costs of trading the EUR/USD pair. After filling in the account creation forms and uploading the relevant documents, you will have to wait until the broker verifies your account. When your trading account is verified, you are welcome to fund your trading account using any of the payment methods available on the broker’s website. The website is encrypted to ensure the safety of your personal information.

Their response was a defence of why they are technically within the terms of the Client Agreement to charge the inactivity fee with no notice. They have made no attempt to address my complaint or offered any acknowledgement that charging dubious fees without prior warning is bad practice. My accounts manager reached out to me and was efficient to resolve the issue I was facing on my account!

Algorithmic trading

Taking part in one of her borrowers’ most important financial decisions is what drives her to do her best each day. Standard or Pro accounts can be selected based on their respective characteristics to determine the best fit for your needs. However, such claims should be treated with caution to prevent the trap of any fraud lurking behind such unwarranted statements. Lmost any method that you use to make a withdrawal will be affected by this.

Axi was previously known as AxiTrader before rebranding in 2020. VPS hosting ensures fast execution and no downtime by making sure your platform keeps running 24 hours a day. One of Axi’s VPS partners axi forex broker is ForexVPS, which offers state-of-the-art SSD drives located in New York. For the Basic VPS edition, Axi will cover up to $34.99 of the monthly fee if you trade more than 20 lots in a calendar month.

Alternative Brokers

Furthermore, it is also worth mentioning that the clients of Axi Broker have direct access to a variety of liquidity providers, including more than 14 of the largest banks in the world. Axi was launched in 2007 as an Australian-based financial service provider. The online trading broker offers traders access to various financial assets using innovative trading platforms. It offers some of the industry’s leading trading conditions, such as ultra-low spreads from 0.0 pips, high liquidity, flexible leverage, and more.

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. When you become more profitable, the MT platform starts to freeze, with no signals coming through, nor is the platform responsive. Terrible FX broker – Every second T/P trade, has slippage tat increases with trade size. As well, you can strengthen your strategies by Authochartist, as an AxiTrader client getting free access to flexible charts through the sophisticated tool – PsyQuotation.

AXI IS THE BEST BROKER WHEN IT COMES TO…

TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Featuring no swap fees or interest payments, this account is the ideal solution for those who are unable to earn or pay interest due to religious beliefs. Simply send support a request and they can switch your account over for you if you follow the Muslim faith.

Changing the leverage is a very useful feature when you want to lower the risk of your trade. We think this is something you should be in control of.Be careful with forex and CFD trading, as the preset leverage levels may be too high. The major difference is that you can set alerts and notificationsin the form of mobile push and email notifications on the desktop trading platform. 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’. Similarly to the web trading platform, Axi provides only a one-step login.A two-step login would be safer.

Whether you prefer to trade on your desktop or whilst on the go, MT4 is compatible with the technology and operating systems you prefer to use. It comes with a wide range of built-in tools and fully customisable features. I have used MT4 for many years and it is still my platform of choice, even though MT5 is the newer version. Client funds are held in secure and segregated trust accounts with top-tier banks including NAB and Lloyds. This means that client funds cannot be used for any other purpose by the company such as operating costs are hedging.

You can trade cryptocurrency CFDs online with Axi, provided that it is allowed in your country of residence. Traders can get the advantages of Bitcoin’s high volatility without the need for a digital wallet, no requirement to purchase physical Bitcoins and without the risk of digital currency theft. When you trade indices with Axi you trade on the performance and price movements of stocks without actually purchasing physical ownership of an asset. Index trading is popular mainly due to the diversity they offer and flexible leverage.