The editorial staff of the website does not bear any responsibility whatsoever for the content of the press releases or reviews made by the site contributors about the forex companies. The entire responsibility for the contents rests with the contributors and commentators. Reprint of the materials is available only with the permission of the editorial staff. As an established international group of companies, AxiTrader provides financial products focused on foreign exchange, primarily for retail investors.
- For further details and information, go through our review below.
- Without these tools, implementing any trading strategy could render it useless.
- Most clients get the chance to have their account in their choice of base currency from AUD, USD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, or CAD and deposit funds.
You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. If beginners as well as expert traders would like to access the online financial trading world, AxiTrader makes it available for them.
The gateway to trading and investment wisdom
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This information is packed with trade ideas that support the outsourced research produced by the tools. It allows the users to access the software’s benefits in running the server component and the client features. The client software sees the live streaming prices of forex currency pairs and displays their trend charts.
What is the minimum deposit for AxiTrader?
To give you a brief summary: Axi (previously known as AxiTrader) is an Australian forex broker, regulated by top-tier authorities such as the UK's FCA and Australia's ASIC. THE ESSENCE: The minimum deposit at Axi is $0.
The mobile trading applications are designed and developed by their internal team of software developers as well as tested by skilled traders before making them available for consumers through the web store. However, AxiTrader provides a splendid mobile trading application based on AxiTrader review 2023 on any Android and iOS mobile device. To maintain online security, AxiTrader does stringent compliance checks as per the standards of various regulatory authorities, AxiTrader keeps client funds in segregated trust accounts in top tier banks.
AxiTrader’s Mobile App
These people tend to go online and complain about the broker, despite the fact that the broker did nothing wrong and money gets lost simply because the trader made a poor decision, or just got unlucky. It’s been said many times before that educated users are likely to make better decisions than those who are entering the market after only getting some trading experience from Demo accounts. But if you combine the two – deeper knowledge and demo account experience – you’re more likely to become better at trading than if you’ve only chalked up one of those experiences. Another great detail about the AxiTrader Demo account is that users can access it from their mobile devices. This isn’t something always seen with other brokers and it lets AxiTrader clients learn how to trade more effectively and much faster than those who trade with comparative Demo accounts from some other brokers.
They are here for your benefit and make sure you can exploit the best parts of AxiTrader MT4. If you get someone else to do it for you, that will only hurt you when the trades finally fail. A colour copy of your national ID, state-issued ID, passport, driving license, or other official identity documents. Always check the pre-set levels of leverage on forex and CFDs, as it is usually high.
They include 54 currency pairs and 41 CFDs for goods, metal, indexes, and cryptocurrency. When comparing the trading fees between brokers, we always https://forex-reviews.org/ have to consider the most important things. We will look at the leverage, commission, and spreads that you will find when trading with AxiTrader.
Pepperstone charges $14.9, $11.9, $3.7 and $12.5 respectively for the same pairs. There is no official mention of any AxiTrader deposit bonus or promotion of that kind. If you find anyone offering a bonus in the name of AxiTrader, you would be wise to ignore it.
The regular analysis includes a weekly market preview, charts of the day, charts of the week, and a daily briefing on the market open. Debit and Credit Cards – Deposits with debit and credit cards will fund your account instantly, but withdrawals are not available. Axi offers trading on a good range of commodities, including gold, silver, platinum, petroleum, and soft commodities such as coffee, cocoa, and soya beans. In conclusion of this AxiTrader review, we’d say that the company is quite solid in its offering, one of the best to be sure.
Is Axi Safe?
One account, which is called the MT4 Standard account has spreads starting from 1 pip, while the second one, called MT4 Pro account has no spread at all, but is based on commissions. Considering that 1 pip is the industry standard for most Forex brokers it’s easy to say that AxiTrader passes this round as well. But should that 1 pip be applied to major currency pairs like EUR/USD then it would be considered as a disadvantage. All trading accounts are segregated and physically located in English banks.
Is Axi regulated?
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.
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. The prices for availing of this feature range from a monthly subscription of $10 to $35. AxiTrader also credits its traders for using ForexVPS and Commercial Network Services if 20 lots are traded per month. Similarly, AxiTraders offers a 30% discount for the BeeksFX users through a coupon. The Virtual Private Server of AxiTrader hosts the traders and allows them to run their automated trading solutions 24/7.
Axi has a wider selection of indices than other similar brokers, and includes the likes of the NASDAQ, FTSE100, DAX30, and Hang Seng. An Australian FCA-regulated broker, Axi is well-known for being reliable and trustworthy. We’ve very rarely seen the broker to broker transfer feature and it should be commended how AxiTrader managed to partner up with their direct competitors and convince them to have this feature.
Established in the year 2008, AxiTrader is an Australia based ECN broker situated in Sydney. As an ASIC regulated firm, AxiTrader offers excellent support and services to its clients. During the review procedure, our expert traders also discovered that the company has won several awards and accolades from financial organizations and institutions across the globe. Also, unlike other brokers, AxiTrader is open and accessible by traders from the U.S as well. Like other trading platforms, AxiTrader did not develop their proprietary trading application just to fulfill the needs of a minority of traders.
Traders can also follow the latest research and trends on real-time charts. Axi’s range of financial instruments to trade is smaller than most other brokers, but we were pleased to find that it recently added a range of share CFDs to its offering. At the same time, on the territory of the post-Soviet space, the broker is still little known in the trading environment. AxiTrader Limited is amember of The Financial Commission, an international organization engaged in theresolution of disputes within the financial services industry in the Forex market. No unfortunately USA forex traders not permitted unless with USA forex broker.
CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. It is possible to lose some or all of your money and investment. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally.
The fact that these tutorials have been designed in twenty four unique languages makes life much easier for both the professional and newbie traders. Some of the topics covered in the tutorials include, greed and overcoming fear of loss, risk management, charts, support/resistance, technical analysis and what is slippage etc. However, the only area where the broker lacks or is not as efficient as others in the industry is market analysis. There is no blog or separate section wherein you can find expert reviews, news and updates around forex market or industry. Remember, as a trader, you may want to keep a track of the latest market developments and updates.
It is an above-average trading cost, and I recommend traders avoid it. 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. The MetaTrader 4 trading platform is a key part of AxiTrader’s offering. It does an excellent job of providing auxiliary services, including the Autochartist Plugin and PsyQuation Premium. AxiTrader runs its in-house research to help its users with bankable insights. At the same time, it constructs educational infrastructure to train and upskill traders on new features and strategies.
Established in 2007, Axi is a recognized and trusted broker with its head office located in Sydney, Australia. It quickly made a name for itself and gained an international presence. Axi is recognized by many investors for its product market coverage and the tools offered to assist clients with the implementation of their trading strategies. Moreover, the broker doesn’t distract the customer with lots of account types and unnecessary frills.
Let’s not forget the fact that most of the traders are either travelling or are always on the move on a daily basis. Hence, they may or may not get ample time to access their accounts through their desktops. Thus, it is crucial that brokers provide their trading platforms and features over mobile phones or smartphones too. Their easy to use portal and its features are also available to Mac, iPhone and Android users.
Besides the live chat feature, an FAQ section educates the clients with reliable answers and improves their trading experience. Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation axitrader review 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.