Also, traders can make use of MT4 NextGen, which puts forward advanced functionality. At present, the company is serving its thousands of clients in 150+ countries. Beyond a doubt, it can be your new destination to begin trade with. IC Markets and Axi is authorised and regulated under the financial regulation jurisdictions of the Australian Securities & Investments Commission . You will see that MT5 offers more analytical and graphical tools, Timeframes, Order types than MT4.
You should click on ‘Financial Statements’ within the ‘Trading Accounts’ menu. However, if you deposited with a debit/credit card you can only withdraw funds to your bank account and in the case of electronic wallets, you can only withdraw to the wallet you used for depositing. For Pro accounts, there’s a $3.5 charge per traded lot, and a much lower spread cost. To have a clear overview of Axi, let’s start with the trading fees. Axi is regulated by multiple financial authorities worldwide, such as the Financial Conduct Authority , the Australian Securities and Investments Commission and the Dubai Financial Services Authority .
Needless to say, Axi is a sound option for beginning traders in search of a safe haven in light of the firm’sstrong regulatory credentials. They can also benefit from the zero-deposit account opening and deposit and withdrawal transactions that are not charged in any way. Additionally, a demo account is provided for traders wanting to test their strategies without risking their money. In this assessment of Axi’s services, you’ll learn valuable info about the company’s multi-faceted services and approach to trading. Also in this review , as well as the factors to consider before deciding to build an account with the brokerage. But first, let us rundown Axi’s advantages and setbacks to picture out what to expect about its services. On the downside, however, if you are looking for a more advanced trading platform, Axi is not for you as it is limited to its MT4 offering.
Selecting Traders With The Sharpest Edge
MT4 versions include MT4 for PC, MT4 for Mac, MT4 for Android, MT4 for iPhone, MT4 for iPad, and MT4 WebTrader. With Axi withdrawals can only be done to a bank account or a Neteller account. Axi has been a brokerage Axi Forex Broker Review for several years and has built up an extraordinary reputation as an online broker. According to regulations imposed by both the FCA and the ASIC, clients’ funds are kept in segregated accounts with top-tier banks.
- Liquidation level is the ratio between total equity and margin requirement.
- Margin is calculated as a percentage of the notional value of the CFD or a fixed monetary amount.
- Axi is proud to be among the select few brokerage sites to cross the $100 billion trade volume mark with its customer trading worldwide .
- Traders need to recognize that there is great risk involved with trading financial instruments and this level of risk is not suited for all traders.
- It is essential to ensure that you are fully acquainted with the concept of leverage before using it.
- We take pride in delivering a great experience to all of our customers so it’s disappointing to hear of your experience.
Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. The customer service needs to be beefed up through the employ or further training of more competent agents. While it is true that the brokerage firm Axi has received the favor of the online trading community, the fact of the matter is, there are still areas that it can still improve on. Deposits are without fees and may be done through bank transfer, credit and debit cards, and eWallets. Alternative payments may also be administered through GiroPay, IDeal, Sofort, among others.
Forex Deposit Bonus
We ranked Axi’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. I really enjoyed your website, searching for the best broker for my wishes.
For the deposits, you may use cards, e-wallets, and bank transfers. Axi offered markets are not just limited to forex; it also offers CFD, Gold, Silver, Oil, Commodities, Indices, and Cryptocurrencies. These multiple markets help traders to diversify their portfolio in many ways. Besides, investing in different markets also helps to recover any potential loss from any volatile markets such as forex.
Premium trading tools include the Order Flow Sentiment Indicator and potentially the most exceptional feature is the AI-guided analysis of a trader’s daily performance. It alerts traders of mistakes and assists them in becoming better traders over time, it can be compared to having your trading coach guiding you daily. It is safe to say that despite limitations on the MT4 platform, Axi has performed an outstanding job when it comes to offering its traders a competitive trading environment. This broker is primarily a forex broker and offers over 80 currency pairs which is an ample coverage of the currency market; plenty of minor and exotic currencies are available for trading. A mix of hard and soft commodities, 31 equity CFDs and six cryptocurrency CFDs complete the offered products. The asset selection is rather limited and proper cross-asset diversification is impossible. Pure Forex accounts enjoy a sound selection of assets, and indices are presented properly.
Is Axitrader Regulated?
The Pro Account trading conditions remain excellent and the most attractive feature. With a few tweaks, this broker can further rise in the ranks and is properly positioned to increase its market share. New accounts are opened via an online application form, as is the standard forex procedure across all brokerages. New traders are given all the tools required to learn how to trader and then become a better trader at AxiTrader. As this AxiTrader review progressed, more bright spots started to emerge that lifted this brokerage into a higher echelon.
Axi is a regulated broker that is well established and has been offering secure online trading services since 2007. They are trusted by more than 42,000 customers in 100 countries across the globe. You can freely access the web version of the MT4 trading platform from the broker’s website. To help ensure you have more money left to trade with, Axi charges no fees for funding and withdrawals to or from your trading account, up to a value of $50,000 per month. If you exceed this monthly Fee Free Limit, Axi reserves the right to pass on your Neteller and Credit card transaction fees. If you have further questions, you can contact your account manager who will be happy to help. Axi have a generous selection of deposit and withdrawal methods to suit different client requirements.
Yes, Axi is one of the most technologically advanced ECN brokers. It has co-location servers with over 20 liquidity providers, grants traders raw spreads from 0.0 pips for a commission of $7 per round lot. Foreign exchange market Axi has no minimum deposit requirements, granting all traders freedom and flexibility to manage their accounts. Yes, Axi is a legit broker, registered in four jurisdictions and regulated in three.
Both brokers offer an add-on which gives you access to extra MT4 features. can reduce the risk significantly, and Axi is such a broker, which you should know by now from this Axi review.
Vantage Fx Trading Fees
Whether you prefer to trade on your desktop or whilst on the go, MT4 is compatible with the technology and operating systems you prefer to use. It comes with a wide range of built-in tools and fully customisable features.
Axi hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you Currencies forex paid. However, all your monthly financial statements are available to download at the Client Portal.
platform is highly customizable with free reporting features. Although there are not any significant updates in the design and it doesn’t have two-step login features, it is available with a wide range of trading-related features. Regardless of the investment size, all the traders are treated the same in all live accounts. For example, the S&P 500 index CFD fee is $1.3, which is relatively close with the competitors such as Pepperstone and IC Markets. Moreover, the non-trading fees are low, and there are no fees for withdrawals and inactivity. Financial Services Pty LTD, which is regulated by multiple regulators worldwide.
Axi Trading Account Features
Simply send Axi support a request and they can switch your account over for you if you follow the Muslim faith. The pro account also has variable spreads starting from just 0.0 pips with a commission of $3.5 charged. This account may be preferred if you need the tightest possible spreads. Axi offers a vast range of major, minor and exotic FX currency pairs available to trade with tight spreads, fast execution, flexible leverage and liquidity from 14 of the world’s leading banks.
Moreover, Axi provides MT4 trading signals and MT4 multi-account managers. Axi, formerly AxiTrader, is an online brokerage services provider that offers great trading conditions for both institutional and retail traders. Axi has a client portal that is accessible to clients globally, including those in Europe, Australia, Singapore, and Indonesia.
This unbiased Axi review should guide you to make your decision whether you want to trade with them or not. However, they have some drawbacks too, such as, they could increase the product range and improve the fundamental data. Besides, 24/7 customer support could add more value to the company. VPS provides the automated trading solution 24/7 via the MetaTrader 4 platform.