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.

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. AxiTrader lets the traders keep their trading costs relatively low compared to other top forex brokers in the market. This way, if new trader accounts lose money, their loss is insignificant and can be recouped easily. The services provided by AxiTrader’s trading platforms and tools have been tested to gauge their efficiency. From its pricing spreads to its key features, this AxiTrader review dives deep into the core of AxiTrader & highlights what the broker puts forth for its users.

AxiTrader also allows B2B fund transfers from two separate companies, so a trader can easily transfer his/her trading account from another brokerage firm to AxiTrader. A client of AxiTrader can enjoy the possibility of having financial account base currency in GBP, CHF, USD, EUR, or PLN as well as deposit funds in these major currencies also. Besides, the online trading platform has no mandatory minimum deposit requirements, and traders are free to deposit any amount. AxiTrader has no charges for a bank transfer, no inactivity fee, trading fees, or withdrawal fees. A lot of investment, technology and market analysis goes into creating a successful online trading platform, which is precisely why one cannot blindly rely on just any online broker.

Australia-based Axi is a low-cost forex broker ideal for those who need some extra tools to build their trading strategies. 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.

Overall AxiTrader Ranking

While Axi offers a demo account with flexible options concerning the account balance, base currency, and leverage, it is limited to 30 days. Therefore, I consider it pointless, as traders use demo accounts to test applications and trading strategies, which requires significantly more than 30 days. 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.

Right now, they host over 40,000 traders with 8 offices around the world to ensure smooth sailing. 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. The customer service of Axit is available 24 hours a day, Monday to Friday.

Can you open an account?

Insurance up to $1 million by Lloyd’s is available for the accounts larger than $20,000. Feel free to try Axias its trading fees are low and there are no deposit or withdrawal fees. The general educational videos have great quality and cover a lot of topics, like trading psychology and forex trading.

Axi has a great mobile trading platform, offered by MetaTrader 4. It is well-designed and user-friendly, with a good search function. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

AxiTrader’s world-class customer support and numerous awards can be attributed to its supremely salutary management. Further, the firm also launched its London branch in 2012, China branch in 2015. In China, AxiTrader entered into a partnership with China Union Pay to help its Chinese clients process payments easily and directly to AxiTrader. Later, when their trade volume surpassed the 100 Billion Dollar mark, AxiTrader stretched its corporate brand to Germany Latin America and also to the Middle East in 2016.

What is the Minimum Deposit at Axi?

However, you will need to make a USD 25,000 deposit to open this account, and the currencies you can trade in are limited. Professionals should only regard this account, and this can be overlooked as a beginner trader looking for a broker. Axi offers its clients the ability to trade over 70 forex pairs and boasts of having super competitive spreads with super fast execution times. This means that when you open a forex position , it will do so as fast as possible.

The AxiTrader Education Center is a haven for traders who’re new to trading and wish to garner more information around the basics of forex trading. Their forex trading course is available in a video format, which means traders have all the time and flexibility they need to go through it. The fact that these tutorials have been designed in twenty four unique languages makes life much easier for both the professional and newbie traders.

How To Apply For This Special AXI (AxiTrader) Offer

The firm’s in-house and outside research tools, including AutoChartist are provided with the MT4 NextGen package that helps traders to differentiate it from other MT4 brokers. Overall, we found the main Axi offering that adheres to accessing the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced ones. A truly comprehensive range of tools, at AxiTrader’s mainstay MetaTrader 4 brings a very competitive technical solution to trade through market-making execution. In this case, the client’s funds are safely kept in segregated accounts with top-tier banks and secured by compensation schemes.

• Brokers are realizing that in order to attract more number of traders, they must extend adequate trading knowledge and information to their clients on a regular basis.
• Adjustments are made to client accounts in accordance with our Errors Handling Policy.
• Axi is a member of the Hong Kong-based Financial Commission, featuring a €20,000 compensation fund.
• The broker delivers its services for hard and soft commodities, including 31 equity CFDs and 6 cryptocurrency CFDs.
• Although many individuals around the world can open an account, there are still prohibited countries that are not allowed to trade with Axi.

Gaining approval for licenses in different jurisdictions is a long and challenging process, so acquiring them is testament to AxiCorp’s track record and reputation around the world. In summary we’ve had a strong year, hitting a CAGR growth rate of 37%, surpassing $1.5 trillion in trading volume and serving more than 30,000 active traders in more than 100 different countries. This meant the business was up on all the fundamental metrics, so everything else flowed nicely. Makes it easy to automatically copy the trades of top traders around the world.

Trading Tools

Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section. Axi explains its products and services well, and I believe most traders will not require assistance. In case of emergencies, Axi customer support is easily accessible. Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account. During the London-New York overlap session, I received a 1.1 pip spread for the EUR/USD or $11 per 1.0 standard lot.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.6% of retail traders lose money when they trade CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of letting your accounts lose money through CFD trading. Overall, AxiTrader is a comprehensive trading platform that provides users with all the tools they need to trade in a wide range of markets. The platform is suitable for both experienced and beginner traders, and offers a range of features and tools to help traders make the most of their trading experience. MT4 is a popular and highly-rated online trading platform that is used by millions of traders around the world.

The application is extremely user-friendly, and numerous world-class trading tools and graphs are available, which makes it ideal for all forex and CFD traders. The client funds of the UK enjoy coverage from the Financial Services Compensation Scheme of over £50,000 in a highly unlikely case when AxiTrader becomes bankrupt. To open an account with Axi, you will need to provide some personal information including your full name, date of birth, residential address and contact details. You will also need to provide documentation such as a passport, driver’s license or other government-issued ID. Additionally, you may need to provide proof of residence or other documents such as bank statements or utility bills. Finally, you may need to provide financial statements or other information depending on the type of account you are opening.

Use the special contact link above and ask to open a 2nd account, ask them to put your 2nd account under LTTTM affiliate so that you can qualify for the offer. When it comes to waiting for the AxiTrader withdrawals, it depends on the type of method you use. Credit/Debit cards take around 5 business days, while Neteller, Skrill, and PayPal are almost instant.

Trading Instruments

Till the time it gets reinstated, traders may find the trading platform a bit dicey. An oversight in the administration of this company has resulted in the suspension of its license. Users located in off-shore jurisdictions may not be subjected to this suspension order. It is difficult to confirm how the company is mitigating this issue. For its regulatory limitations, AxiTrader is often considered to be a high-risk broker. The perceived high risk of losing money when trading on AxiTrader has been debunked in this review.

The tool monitors the markets 24 hours a day and tells you when a trade opportunity shows up. There is a delivery of market reports, done three times every day. They also allow you to do a volatility analysis that employs https://broker-review.org/ performance statistics. With these, you get a clear picture of the market and what you can expect to get if you start trading. Having an Automated Trade Journal will allow you to record your track record automatically.