AxiTrader Review 2022Axi Broker Minimum Deposit & Spreads

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. This is a win-win scenario for both the broker as well as their clients, as it allows them to keep a track of their transactions and market movements anytime, anywhere. For experienced traders who value simple account options, strict regulation and the heavily customisable MT4 platform, Axi is a very tempting option.

What is the most trusted broker?

  • IG – Best overall broker, most trusted.
  • Saxo Bank – Best web-based trading platform.
  • Interactive Brokers – Great overall, best for professionals.
  • CMC Markets – Excellent overall, best platform technology.
  • TD Ameritrade – Best desktop platform, U.S. only.
  • FOREX.com – Excellent all-round offering.

It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform. Tried to login to my account on their website and it simply won’t let me in. What if i had to deposit money urgently to avoid margin call for example? Support said they will look into it… Still waiting 24 hours later.

Axi is regulated by a number of top-tier financial authorities. It is a well-established brand but it is not listed on any exchange and it doesn’t hold a banking license. However, the news section lacks charts and other visual elements. Axi hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid.

The price on crude oil differed sharply from that on the market.

Because of the rigorous AxiTrader regulation and compliance process, it might take a few days to determine whether you passed or not. Before you start opening an account https://forexbroker-listing.com/ with this broker, you need to make sure that you know enough about the markets and how they work. Otherwise, you will not be able to answer the questions they ask.

Verify your identity and residency by uploading either a copy of your ID card, driver’s license or passport, and uploading a copy of a recent utility bill or bank statement. The use of these applications is suitable for specific circumstances, which is why AxiTrader clients must determine their use for their needs.

With all of these requirements and compliance measures, safety is ensured. The best part is that the broker manages everything well that you won’t need support most of the time. Remember, we mentioned that the compliance checks at AxiTrader are strict.

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The simple trading software is well equipped for beginner and professional needs. The broker has an open policy on slippage and warns clients about it, but it also has a tendency to increase spreads which can negatively affect traders, but especially scalpers who rely on steady spreads. Yet again, the broker offers no re-quotes to the delight of many traders. Since mobile trading became inseparable from the Forex industry because the majority of traders want to have both options, tot rade from home and on the go. If you are one of such traders then download the AXITrader mobile app to your iOS or Android mobile phone or tablet.

How long does axi withdrawal take?

Withdraw your funds

All requests will be processed within 1-2 business days upon receipt.

It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. Opening an account is easy and no minimum deposit is required. You can choose from many account base currencies, which can save you conversion costs. Like most competitors, Axi uses the well-known MetaTrader 4 trading platforms, but it offers copy trading and some additional analytical tools for those who like to experiment with their strategies.

You can use a demo account, watch high-quality videos and read great ebooks. We liked the market analysis section, which can be found on the website under ‘Markets Blog’. Add your bank account details, like IBAN and Swift code (if you haven’t done it before). Axi’s base currency selection is great compared to competing brokers. Answer a couple of questions that assess your level of trading experience.

Test of the Axi trading platform

Axi focuses always on integrity, service, and execution.It offers a trading platform that gives traders access to the latest market data and the company strives to deliver exceptional client support. Traders trading with this broker will enjoy direct access to multiple destinations of liquidity in forex markets. The vision of Axi is to keep delivering remarkable trading support and become the world’s leading provider of online foreign exchange trading services.

  • The broker was awarded several times for best performance, the most trustworthy broker in Australia, etc.
  • He is interested also in real estate and dividend growth investing.
  • Besides, traders can also contact the customer support executives on the broker’s toll free number in Australia.
  • Online trading involves significant risk, and you may lose all of your invested capital.

The foreign exchange market has long become one of the largest segments of the overall trading industry. It actually has a traction of almost 6 trillion US dollars per day, which is far larger than any other trading market. If you are approached out of the blue on a social media site by someone offering an investment opportunity it is probably a scam.

I also appreciate the swap rates, which accurately reflect the global interest rate environment, free of excessive broker mark-ups, as evident at many brokers. While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs. Almost real-time equity arch provides traders to help observe risk capital and regulate trading risk better. Many retail accounts lose money when trading in the financial markets. After opening an account, you can access the account through the AxiTrader login! 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.

In a nutshell, AxiTrader is a highly reliable and efficient broker. Their platform is ideal for traders who’re always on the lookout for excellent payouts. The broker offers tight spreads and quick transaction execution services.

Desktop trading platform

Although Axi only supports the MetaTrader 4 platform, it is truly customisable, with a range of tools and plugins that can be added to the platform to make it more powerful. An Australian FCA-regulated broker, Axi is well-known for being reliable and trustworthy. The leverage depends on the user’s geographical region as well as on the AxiTrader branch that will regulate the user’s registered account.

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The Standard Account spreads start from 1.0 pips, and the Pro Account spreads start from 0.0 pips. 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.

Their platform is also easily accessible through mobile phones. Below, find out more about the broker’s trading platform and software. However, these facts set aside, the best way in which you can find out whether the broker is worth your time or not is by opening an account with them. Almost every broker today has an impressive looking website with excellent trading features and options. But when it comes down to trading, their platform is not as quick or user-friendly as portrayed by them.

is axitrader legit

It was easy to get in touch with their customer desk and acquire support from their customer support representative. In fact, during a live chat discussion we managed to get answers to all our queries and concerns regarding forex trading and account opening and operating. 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.

AxiTrader has a solid reputation, even though there are some issues with the license in Australia and the subsidiary regulated in St. Vincent and the Grenadines. AxiCorp Financial Services is the parent company and owner of all subsidiaries operating under the AxiTrader name. At the moment, over 100 countries are eligible to trade with AxiTrader. Right now, they host over 40,000 traders with 8 offices around the world to ensure smooth sailing.

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Three unique features make AxiTrader a success at the trading game. The broker is known to harvest the best out of the Autochartist MT4 plugin, its VPS hosting, and the PsyQuation Premium service. In January 2020, the Australian Securities and Investments Commission also revoked AxiCorp’s license for non-compliance with its regulatory demands. In this video series called “Let’s Talk Brokers”, I review Forex brokers to help you choose the best broker for your needs.

The supported methods of payment include wire transfer, MoneyBookers, Neteller, skrill, and bPay. Funds can be added to an AxiTrader account via these payment options. Selected companies also have the privilege to allow broker-to-broker transfers where a user can transfer their funds from one account to another within the AxiTrader brokerage.


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