‎Axi Trading Platform on the App Store

For your information, a ‘spread’ is the small cost built into the buy and sell price of every currency pair trade. It is also known as ‘markup’ and can also be explained as the axi forex broker cost of trading. The benefit of trading on the foreign exchange is that spread costs are generally very low but it’s always good to shop around to find the lowest spreads.

They are members of the first independent and self-regulatory organization called The Financial Commission, based in Hong Kong. The protections offered to clients by the organization include a compensation fund of €20,000 per client. In 2016, AxiCorp announced that it had received a significant strategic investment from RGT – a leading Australian private equity firm.

To gather data and review Axi, we’ve tested and assessed an Individual Pro Account. Corporate – A legal entity, such as a company, owns the account. Low spreadsThe lowest spreads on a wide range of Currency Pairs, Metals & Indices. Hi Marcel, thank you for taking the time to leave us a review.

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 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. If you are reading this article, you’re likely having trouble deciding whether BlackBull Markets or Axi is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

How Can I Open Axi Account? A Simple Tutorial

In our AxiTrader reviews, we make a point of checking the claims made by brokers. Axi is the broker of choice for 60,000+ traders in 100+ countries, with an ‘Great’ rating based on 1,250+ Trustpilot reviews. Only recently joined the LTTTM course, so if I take this offer it may be a while before I place a live trade as I will use a demo account first when I think I’m ready to go. Will axi trader wonder why I’ve opened account but not used it. Our research found that AxiTrader offers a full suite of MetaTrader 4, presented in Web, Android, iPhone, and iPad versions.

Although many individuals around the world can open an account, there are still prohibited countries that are not allowed to trade with Axi. The standard account is the defaulted account you will open and has spreads going as low as 0.4 pips. However, this will depend on the instrument in question, and you should refer to their live forex spread page and their product list.

Commodities

This account may be preferred if you need the tightest possible spreads. This may be the case if you are using a scalping system that looks to take advantage of minor price movements. You can trade cryptocurrency CFDs online with Axi, provided that it is allowed in your country of residence.

Myfxbook Autotrade lets you copy trade directly into your MT4 account, while remaining in full control. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit https://forexarena.net/ from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. If yes, kindly send the account number with the inactivity fee to , and our Client Services Team will check it for you. Hi Ankit, thank you for taking the time to leave us a review.

You can also use Neteller, SKRILL/Moneybookers, China Union Pay, WeChat or Bankwire. Axi allows traders to trade mini and micro lots as well as standard lots. The main benefit of using third-party platforms such as MT4 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker. Axi’s trading tools transform the MT4 platform into a state-of-the-art trading terminal. Bank Transfer – Deposits and withdrawals are free via bank transfers but can take up to three days to reflect.

Our take on Axi

Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets. To complete the subscription process, please click the link in the email we just sent you. Overall, not as in-depth as you may expect from a broker of this type, but all analysis is solid and well-written.

• You can also practice trading online with a free demo account or in a live environment with a minimum deposit of just $1.
• Axi’s web trading platform hasgreat customizability.You can easily change the size and the position of the tabs.
• You will then need to upload proof of identification and address for KYC purposes.
• I didn’t have any problems during signup and completed it within minutes.

Axi was launched in 2007 as AxiTrader, before being rebranded to Axi in 2020. Having been in operation for well over a decade, users can feel comfortable that Axi has a largely positive history. Having already survived financial crises, Axi is well-placed to navigate potential future economic upheaval.

Mobile trading platform

The platform is friendly and efficient by auto generating and emailing log in details. Richard Gibson and Milan have been very patient with me and my team and have assisted in ever technical or financial issue we have had. I would recommend AXI trading and affiliation services to anyone. It should also be noted that Axi offers trading accounts tailored to Islamic traders. These accounts are perfect for clients who are unable to pay interest or earn due to religious beliefs.

Transactions on commodities such as gold, silver and oil, as well as major stock market indices of the world’s largest markets are also available. We tested it and collected the options and costs in How to withdraw money on Axi. Axi is regulated by multiple authorities globally, including the UK’s FCA and ASIC in Australia. Axi is regulated by a number of top-tier financial authorities.

How we ranked fees

Always check the pre-set levels of leverage on forex and CFDs, as it is usually high. The best part about this broker is that you can CHANGE LEVERAGE when you want to. This useful feature allows you to have a firm handle on how much you want to risk and how much you stand to lose. With a great reputation, making them an excellent choice for both learning and expert traders. The London-based brand of AxiTrader launched in 2012, and when they expanded by 2015, they had hit $100 billion in monthly volume moved by clients. It is a great app that has many indicators and tools that are available on the desktop version.

The trading tool offers an Order Flow Sentiment Indicator, which can potentially become the best feature for the client. Its AI-driven analysis helps the trader improve daily performances. If trader accounts lose money in some trades, it alerts the traders of their mistakes, which allows them to enhance their trades over time. AxiTrader – one of the best forex brokers, is offering its service for more than 70 currency pairs. This gives the broker ample coverage in the forex trading market.

As a client, you may also enjoy the possibility to have account base currency in GBP, USD, EUR, CHF, or PLN and deposit funds in those major currencies as well. AxiTrader account can be funded by several options including Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY. Also, there are selected companies with whom the company allows broker-to-broker transfers, so you can either transfer your account from another brokerage to AxiTrader.

In contrast, the support available via Axi’s phone helpline was useful and informative. However, wait times were average, which meant we were unable to access help instantly via this method of communication. Similarly, customer service responses via email were received at an average speed. If you want to register and open an account with Axi, the setup process is completely digital and easy to navigate. However, it can take some time for your account to become accessible. In this instance, it was two business days until our account was available to use.

So, it is most reliable to me now.I like to continune my trading business with Axi and also request others to justify this broker at least one time. But recently, I conclude to stay with axi due to their faithfulness and timely service delivery. Becoming an IB partner means earning a commission on every trade made by other clients you introduce to Axi.