Axi Review 2023 Minimum Deposit, MT4, Leverage and More

It would be much easier if you could set these notifications on the mobile trading platform itself. Axi has a great mobile trading platform, offered by MetaTrader 4. It is well-designed and user-friendly, with a good search function.

His purpose is to help people find the best investment provider. You can use either bank card, bank transfer or e-wallets for deposits, but there are some withdrawal limitations for bank cards. Axi is pleased to offer a trading account tailored to Islamic traders.

Forex fees at Axi are low.For Pro accounts, there’s a commission of $3.50 per trade and a low spread cost. We compare Axi’s fees with those of two similar brokers we selected, TMGM and Eightcap. This selection is based on objective factors such as products offered, client profile, fee structure, etc.

trading products

Withdrawal duration is varied depending on the withdrawal method. 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.

Tight spreads and fast execution come as standard on all accounts. The AxiTrader’s clients as well enjoying direct access to various liquidity providers from over 14 world’s largest banks. The MetaTrader 4 trading platform is a key part of AxiTrader’s offering. It does an excellent job of providing auxiliary services, including the Autochartist Plugin and PsyQuation Premium. AxiTrader runs its in-house research to help its users with bankable insights.

BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. Axi outsources its live chat customer support to specialised agencies. The first agency we dealt with told us that our Neteller withdrawal was cancelled due to a technical issue.

However, the platform does not provide trade ideas or fundamental reports that could affect certain instruments. AxiTrader as a regulated broker in various jurisdictions complies to provide different trading conditions according to regulatory obligations set. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. The Sentiment Indicator helps you see how the other traders are trading to understand how they feel about the markets and what trends may emerge. AxiTrader excels in this field as they provide you with a host of tools that you can use to make the most out of the MT4 platform. Here are some of the features included in the MT4 platform that you can use to make your trades better.

AxiTrader also provided video tutorials on how to navigate their platform. The broker could provide more video tutorials covering other topics. The broker provides some market analysis on its blog, but the information is not frequently updated to keep up with market events.

The broker’s average spreads for the popular instruments in each market was below industry averages. We recommend that you open your account with the UK entity since it is the only one that offers deposit protection to traders if it is available to you. The research section with the broker only provides access to an economic calendar and no other insightful research tools like other major brokers.

Research and Tools

In this case, when a trader desires to deposit ZAR to USD, he should know about the current exchange rate between these two currencies, US Dollar 1/R17.16, at that time. A major pro was that Axi has low spreads across all the instruments we traded with Bitcoin spreads being very low. The standard debit cards can be linked to the account to transfer money back to the account.

This makes the broker ideal for trading with a small amount. Overall, we found that AxiTrader fees are relatively low or no fees at all. For the negative points, the range of the instrument is narrow and limited to Forex and CFDs. The research tools are limited as well which is another drawback for beginners. AxiTrader’s full registration and compliance stay in Australia, and its UK subsidiary gets authorization by the Financial Conduct Authority.

Axitrader Review – What We Like About AxiTrader

They are regulated by respected agencies like FCA, ASIC, and DFSA. With all of these requirements and compliance measures, safety is ensured. Most of the research you would have to do is done by the Autochartist plugin and PsyQuation Premium tools. If you need more tools to do your research, you can look through the market analysis section of the AxiTrader website.

With these, you get a clear picture of the market and what you can expect to get if you start trading. MT4 is only a great software when it has access to all the great plugins, extensions, and other third-party tools axitrade that open up a new world of possibilities for traders. AxiTrader is overseen by strict regulatory rules that require clients to fulfill compliance checks. The checks ensure that you are safe and legible for trading.

• Islamic trading accounts featuring no swap fees or interest payments.
• Facilitating these platforms and their rights reserved with AxiTrader make it a key recommendation in the trading community.
• Axitrader is not a scam but voted timelessly for its trustworthiness, with low-risk Forex trading.
• AxiCorp Financial Services Pty Ltd, also known by its trading name AxiTrader, is a Forex and CFDs broker based in Australia and founded in 2007.
• The prices for availing of this feature range from a monthly subscription of $10 to $35.

However, the news section lacks charts and other visual elements. Axi offers a social trading servicevia Forex Trading Signals on the MT4 platform. The major difference is that you can set alerts and notificationsin the form of mobile push and email notifications on the desktop trading platform. To set alerts, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app’s settings), by going to the ‘Tools’ menu and then ‘Options’. You can’t set alerts and notificationson the Axi web trading platform.

Another cost you should consider while trading is a Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments. Typically, AxiTrader will charge Swap Fees on a Long Position and pay Swap Fees on Short Positions. However, notice that UK residents can not trade cryptocurrencies since FCA banned Crypto trade in the UK. AxiTrader is divided into 3 accounts – MT4 Standard Account,MT4 Pro Account, and Elite Account.

Axi Withdrawal requests will be processed within 1-2 business days upon receipt. 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. As a responsible broker, online security and fraud prevention are our top priorities.

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. Since joining BrokerChooser, he analyzed and https://forex-reviews.org/ tested 50+ brokers. He received his MSc degree in International Business from the University of Middlesex. He is also interested in real estate and dividend growth investing.

AxiTrader Live Spreads

The valued clients of AxiTrader have helped the brand distribute its global revenue base across multiple streams, including overnight fees and dealing spreads. Due to its regulatory compliance and best practice implementation, AxiTrader stays compliant across multiple authorities. 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.

Add Funds to Your Trading Account

Always check the pre-set levels of leverage on forex and CFDs, as it is usually high. For forex, we are going to choose a volume of $20,000 and then a volume of $2,000 for stock indexes. To get a clear look that contains everything that you need to know, we have to look at the details of how much you would have to pay if you were trading. However, their license was suspended over some issues, and the broker appealed.