As a result, they have managed to attract 60,000+ active traders and eventually become the best forex broker. But that’s not all; when you become an active trader, you can request an extension of the demo account and keep trading with virtual funds without losing money. During my AxiTrader review, I reached out to customer support on live chat, my query about forex trading was answered immediately by professional and knowledgeable staff.
- The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
- AxiTrader is an ideal trading platform for novice and experienced traders looking for a user-friendly platform and exceptional customer support.
- This includes pros, cons and an overall rating based on our findings.
- It will show you patterns found on an instrument of your choice with a pattern quality rating.
I don’t need to watch charts all day if I can set Autochartist to do all of the leg work on my behalf. Whilst this can be a good hands-off solution for those who do not have the time or knowledge to trade by themselves, I find the signals to be hit and miss. I would much prefer to use my own strategies as I like to know when and why a position was taken. I am a huge fan of trading apps, primarily because I am able to check the market prices and how good or bad my trades are doing at any time. It doesn’t matter if I am sat on the sofa or even in bed, I can fire up the app and see what is happening.
You can trade forex with a vast range of major, minor and exotic FX currency pairs with tight spreads, fast execution, flexible leverage and liquidity from 14 of the world’s leading banks. Axi cater for all levels of traders with their leading trading technology being advanced enough for the more experienced traders whilst being simple enough to use for the less experienced. The powerful and reliable trading platforms are available in numerous languages. You can trade from your computer or mobile with all of the tools needed for analysing the markets, placing and managing positions. The FCA and ASIC are top-tier regulatory authorities that provide traders with the assurance that a company is fully transparent and ethical in its business dealings. Tier 1 regulation also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks.
How long does the demo account last?
I found them to have advanced yet easy to use trading platforms for users of all experience levels. I was impressed with the additional trading tools for conducting in-depth market analysis, especially Autochartist. You can quickly and easily fund your account with a variety of convenient options to choose from. If you are beginner then you will be happy with the plethora of educational content available at no extra cost.
- I was impressed with the additional trading tools for conducting in-depth market analysis, especially Autochartist.
- I think it is great that the tutorials are available in 24 languages to cater for the wider community.
- The auto chartist feature gets you to access to the charting feature, which allows trading directly from the chart.
- Be sure to provide as much detail as possible about your question or issue in your initial email.
- Axi (formerly AxiTrader) is a multi-regulated online broker created by traders for traders.
- The forex broker is certified in Australia, which is critical due to the safeguards in place to protect currency traders.
They are licensed and do all legitimate checks and ensure the client is ready and qualified to trade. Call centers do not harass customers at silly times with spoofed mobile numbers. 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. Axi offers low trading fees, which vary on the account types and the cost structure. To understand the fee structure, we have tested the pro account for this Axi review, and the finding is they have a low commission with low spreads.
Axi prides itself on 24-hour support, fast trade execution, tight spreads with minimum account slippage. This means that in addition to classic currency pairs such as AUD / USD, GBP / USD and EUR / USD, there are also minor and exotic pairings. Minor, exotic and cross pairs can have more movements due to thin liquidity which can present significant profit opportunities albeit with a more high risk. This is of course, one of the most respected and powerful trading platforms in the entire industry. This account type is available with access to the MT4 trading platform, and allows for a total of 6 allocation methods to be applied to each sub-account under your management.
KYC Procedure for Account Creation and Depositing
Overall, we found that AxiTrader fees are relatively low or no fees at all. Overall, the broker covers the most demanding markets to trade, also UK residents can benefit from the Spread Bet option. As an ECN broker, AxiTrader also offers VPS hosting services, which provide traders with a stable and secure environment to execute axi review trades faster and more reliably. Overall, Axi fully complies with the regulatory standards imposed by some of the top financial regulators in the world. However, it’s worth mentioning that in Nov 2019, New Zealand’s financial regulator suspended AxiCorp licenses for not complying with the Financial Markets Conduct Act 2013.
Is AxiTrader regulated?
A total of 51 charting indicators and 31 drawing tools are available thanks in the most part to MT4 and the other third party platforms. One click trading directly from the charts is also available which is perfect for scalping, and price alerts can also be set. All round, this makes for a highly customizable trading experience at Axi. Do note that under FCA regulation, crypto trading CFD is only for professional traders. Axi is a CFDs broker, every asset listed on the platform is offered in CFDs. Here is a detailed look at exactly which markets are offered for trading by the broker.
That way, you can easily stay up to date with the latest developments in the stock and forex markets. Generally, the MT4 and MT5 platforms are known for their user-friendly interface, customizable features, and advanced charting tools. AxiTrader also offers the MT4 WebTrader, a web-based version of the MetaTrader 4 platform.
Trading Tools
With language availability, there are more than 10 languages that you can access through the broker website. These include English, Spanish, Russian, Arabic, Chinese, Thai, Vietnamese, and more. This provides for a very healthy level of language support for traders around the world. This is through the extremely user-friendly AxiOne trading platform which is connected to more than 20 liquidity providers for the best depth and fastest order execution. 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.
Axi broker is big scammer they make you…
Overnight fees are common among every broker, and are the charge you incur for holding a position overnight. These fees are charged on basically every asset at the broker since they are dealing in CFDs and the fee is charged at the closing hour of the market. Overall then Axi is a great choice if you prefer a feature-filled proprietary trading platform. If you are looking for direct copy trading though, there may be more ideal choices.
These regulatory bodies ensure that AxiTrader operates in accordance with the highest standards of integrity and financial stability. So, traders who practice Islamic Law can have peace of mind that their trades and investments align with their beliefs. The platform is available as a webtrader, again directly through your browser.
I have been a partner with Axi
Also, UK-based retail clients’ funds are insured via the Financial Services Compensation Scheme in the event of broker insolvency, as we discussed earlier in the review. For international bank wire transfers, your bank may charge you a receiving fee. This non-transactional fee is your responsibility; please check with your bank if you are unsure.