In our AxiTrader reviews, we make a point of checking the claims made by brokers. The research section with the broker only provides access to aneconomic calendar and no other insightful research tools like other major brokers. 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. The broker offering is good but quite narrow and limited to only FX and CFDs. Also, the availability of some assets depends on the jurisdiction in which traders are registered.
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.
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. 69.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
After the successful operation during the first years, the broker has been ranked among the most trusted Australia’s Forex brokers with the strongest brand association. It even claimed that it was regulated by Australian regulator, which was counterfeit. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.
Deposits and Withdrawals
Even better, AxiTrader offers traders the Multi-Account Manager for MT4. It has all the great features that make it easy for any trader to take advantage of the provisions offered by the Pro Account. Many of the regulations imposed by the regulatory agencies overseeing AxiTrader, have everything to do with client protection, among other reasons. One of the new introductions in the rules involves restricting brokers from offering bonuses to clients. The AxiTrader subsidiary that is regulated and authorized in St. Vincent and the Grenadines is the one that is supposed to be for international clients.
Remember, we mentioned that the compliance checks at AxiTrader are strict. In addition to that, you should always make sure that you know what you are doing before you get into the forex market, for your good. The other advantage is that you will get faster trade execution on a VPS system than on conventional systems. By reducing the latency, AxiTrader allows you to make the best of your time and money, so you always have the edge.
After these steps you can start searching for traders to copy. With AxiTrader, you won’t have to worry around the speed of executing an order as they’re quite fast and efficient in it. The broker always strives hard to offer best results every time a trader executes an order through their platform. Being a fair, honest and professional broker, AxiTrader takes the trader’s account into interest and executes the orders exactly as per the client’s requirements. A well-regulated broker, Axi ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source.
Brokers By Platforms
Meanwhile, other products, such as stocks, ETFs and bond CFDs are not available. 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. Axi has low fees for trading index CFDs, while stock CFD fees are average. Is this a legitimate broker that lets people trade as they wish, instead of how the broker might prefer them to trade?
- The above platforms and tools help AxiTrader users stay ahead of the curve.
- These documents are used as proof of the address you provide and ensure that you live in the country you indicated.
- Users with this type of account will have access to 80 currency pairs, no commission trading, as well as no minimum deposit requirements .
- With a minimum deposit of 500 AUD you will get access to PsyQuation Premium.
- 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.
Relatively new traders in the market will find this tool very useful. Autochartist is used to identify chart patterns by tracking indicators like Fibonacci retracements. The tool monitors the markets 24 hours a day and tells you when a trade opportunity shows up. The best part about any broker is what they can offer https://forex-reviews.org/ you, which is unique. AxiTrader may not have the best platform provisions, but they have unique features that make them a good choice to trade with. The New Terminal Window shows you the alerts, gives group function templates and manages the OCO to make sure that forex trading in international markets is easier.
[Update] Response can be faster (was: Beware! Cannot withdraw money!)
Axi accepts traders from the UK and South Africa and has an office in each. Traders from Malaysia, Singapore, and Canada may also open accounts at Axi, but US traders cannot trade at Axi. Axi offers bank wires, credit/debit cards, POLi, FasaPay, Sofort, GiroPay, iDEAL, Neteller, Bitcoin, Skrill, Boleto, Global Collect, and 17 regional online banking solutions.
If you need more tools to do your research, you can look through the market analysis section of the AxiTrader website. The tool shows you when you make mistakes and helps you improve your trades. The PsyQuation Premium tool is available to AxiTrader clients. The job it has is to offer you trading signals, in-depth forecasting, and quantitative analytics for better trading. By hosting trades on VPS, AxiTrader allows you to connect your platform from any place with a network connection for easy trading anytime, anywhere.
Remember many retail accounts lose money when trading in the financial markets. Most users will have natural limitations on the maximum leverage and margin related to the account balance they have. Axi is a MetaTrader-broker that offers to trade with 80 currency pairs and 65 CFDs on commodities, metal, indices, and cryptocurrencies. Moreover, it also provides several social-copy trading platforms and tools.
Since there is a high risk of losing money when trading forex, it is important to decode the complicated trading process and implement some effective trading strategies. Things become simpler when trading brokers offer their financial services to assist people in their trader journey. The broker offers 24 hours axitrader review live chat feature to its clients, which means traders can raise their queries and concerns anytime, anywhere. Their customer support services are available in twelve different countries and in six unique languages and thus you won’t face much of a problem when it comes to getting your queries resolved.
The license issues are probably temporary as the broker continues to enjoy success and great reviews from clients and industry experts. That is why AxiTrader is so dedicated to building trust and ensuring proper regulation. There is a significant focus on market news and analysis, with tailored content delivered daily and weekly via email and social media channels. The company also administers a client-only Facebook group, The Trading Circle, which is aimed at promoting constructive conversation and fostering a supportive trading community.
Looking for commission and fees data for Axi?
Therefore, its clients are satisfied with a simple and transparent trading environment. People of any experience level can get an accessible customer support team from it. Moreover, this broker offers deep leverage options and the ability to use some useful third-party trading applications. AxiTrader Forex broker has been providing services in the field of financial markets for more than a decade, providing clients with the opportunity to trade not only currency pairs, but also many other tools.
Note that Axi does not allow any withdrawals whatsoever by credit/debit card. We were impressed to find that both Axi’s minimum deposits and ongoing trading costs are significantly lower than most other brokers. No matter which entity British traders choose, Axi segregates its client funds from its operational funds at top-tier banks and issues monthly statements to its clients. However, Axi clients that are onboarded through the SVG FSA will not have negative balance protection. On the other hand, the SVG FSA is not considered a regulator and does not supervise trading or protect traders, but allows Axi to provide its traders with much higher leverage. Should they choose the FSA SVG, British clients must rely solely on the reputation of Axi as no additional measures exist to ensure client protection.
For professional traders, the company offers to use the Next Generation of MT4 – MT4NexGen. The platform is filled up with better and proven features, which makes trading even better, and includes sentiment indicators, correlation traders, alarm managers, automated trade journals, and many more. This platform is available free of charge for clients who open a live account with a minimum deposit of 1,000$.
Is AxiTrader a regulated broker?
Being a heavily-regulated broker, AxiTrader is widely considered safe. In 2020, the broker is compliant with several top-tier authorities.
So I’m signing on today with Ben Malone who is a senior account manager at AxiTrader. I’m gonna ask you about some things that I’m not sure about yet and that my dear brokers know better than I did because they have more experience of course. Alright, so I’ve been using AxiTrader for a couple of months now, maybe three or four months. When it comes to the platform I noticed they only have pretty much one thing which is MetaTrader4, and that is a good thing. Now, they have a version specially made for Mac which I first thought a simple kind of, version and more simplified and you cannot do anything with it, Until I opened it installed it properly at the extra office.
All Products Used In This Video
All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds. I can highly recommend Axi, particularly the unit operating out of St. Vincent and the Grenadines, due to it. The valued clients of AxiTrader have helped the brand distribute its global revenue base across multiple streams, including overnight fees and dealing spreads.
A review conducted on the said regulated service proved that AxiTrader is completely legit under St.Vincent’s authority and the Grenadines Commercial Intellectual Property Office. AxiTrader is not replicated by the country’s regulator – the Financial Services Authority. It is a broker noted under its regulatory jurisdiction, as mentioned on AxiTrader international website. This website registers the highest share of AxiTrader users every year. The leverage on known financial instruments multiplies on AxiTrader, just like every other brokerage. The initial capital of trading with AxiTrader can be leveraged to amplify the potential gains smartly.
They usually have a promotion of some kind running at any given time, so it’s worth asking what’s available to you. So, can AxiTrader be trusted to protect their users in situations where they might be in over their heads? One of the best qualities of AxiTrader is the fact they have more than one financial operating license, and that those licenses are from some of the most respected financial regulatory bodies around the world. Traders can enter the website and in just a click away, they can find any kind of information about the broker’s trading terms and conditions, as well as its licensing and other legal implications.