Axi provides access to many markets, featuring over 50 financial instruments to trade as CFDs. They have a simple-to-use forex trading platform, tight spreads (low fees) and an excellent training program. The forex broker is certified in Australia, which is critical due to the safeguards in place to protect currency traders. You can experiment with different financial instruments including currencies, CFDs for stock indices, and commodities like gold or crude oil. Traders new to the platform have a choice between standard and pro demo accounts, which mirror the exact experience of live standard and pro accounts. This is the most popular version of MT4 that is used by millions of traders across the globe to trade the financial markets.
Axi Deposits and Withdrawals
The content is quite thin yet it can prove to be useful for complete beginners with no experience in the financial markets. Aside from these two points, it’s not necessary to include a MT4 review as the platform stays the same across all brokers regardless of the brand name chosen. I have been trading with Axi…good broker..fast execution…deposit has been easy…not yet try withdrawal…should be fine i guess…
Deposits
Axi is an established platform that attracts the attention of traders worldwide with its competitive pricing, low spreads, and vast range of currency pairs. Customers have a choice from two types of live accounts, standard and professional. The brand is overseen by major regulators like FCA and Australia’s ASIC, so you can rest assured your capital is in good hands.
- Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.
- For international bank wire transfers, your bank may charge you a receiving fee.
- For example, the Apple shares CFD follows the Apple Inc. (AAPL) stock price.
- Servers are located close to the exchange in New York, for improved trade execution.
- With these instruments, traders and investors can gain exposure to gold, silver, and copper futures markets.
Additional Features
On the other hand, when it comes to pretty much any other asset class, they’re well below their competition. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiTrader is not a financial adviser and all services are provided on an execution only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances.
However, you should also be aware this is a volatile investment path where the losses you incur can sometimes exceed the balance of your account. The trading services provided by Axi are overseen individually by the financial regulators of the respective countries the platform is available in. Thus, its operations in the United Kingdom (est. 2012) are subject axi forex broker to the regulations of the Financial Conduct Authority (FCA). For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.
Axi will not charge an inactivity fee if there has been a period of no trading activity on your account. With many of the large brokerages, you will usually incur such a charge. From the above, we can easily deduce that the spreads offered by Axi are slightly higher than those offered by the big names in the industry, such as IC Markets and IG Markets.
The FX charts offer in-depth information on various charts and provide a suitable interpretation of the various price fluctuations. Axi also offers various online courses right from basic Forex introduction to in-depth market analysis. The broker offers several educational videos which the registered traders can watch free of charge and get enlightened. In addition to the above, the broker also posts daily market updates.
Meaning that their platform is provided by the company known as MetaQuotes Inc. Axi’s Pro account is definitely at the same level as most of their similar competitors. The real strong advantage is their Elite account which definitely outranks any other FX commission offer out there with a $3.5 per lot round turn offer.
You can trade commodities without needing to purchase the physical asset as you are simply trading on the price movement of the underlying asset or instrument. Some of the most popular traded commodities are gold, silver, oil and gas. The Axi Trading Circle is an exclusive online trading community that makes it easy to connect with leading experts, qualified analysts and traders all around the world. You can join the community to ask questions, open discussions and get practical guidance on becoming a better trader. PsyQuation is an advanced data analytics platform that uses highly sophisticated algorithms to analyse your own individual trading style and find areas for where you could improve. You get free access if you maintain a balance of at least $500 and trade a minimum of 1 standard lot per month.
Axi provides a competent support service available via live chat, telephone, and email. The chat is the easiest way to communicate with the support https://forexarena.net/ staff in real time. To start a conversation, you first need to select whether or not you have an MT4 account and provide your names.
Both have no set-up costs but there are some differences concerning commissions and spreads. The platform provides real-time pricing on major contracts on Brent Crude and the West Texas Intermediate. With CFDs, traders get the chance to speculate on the rise and fall of prices for fluctuating financial instruments like stocks, currencies, and commodities. You will find stocks of the largest companies, popular cryptos and major currency pairs. 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.
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Axi requires a minimum deposit of $0 for all live account types, and it will not charge any fees on deposits. However, as with many brokers, you should be aware that there may be charges from the payment providers, which are beyond Axi’s control. These are spread across the major, minor and exotic currency pairs. Trading Forex with Axi gives you several advantages, including security and negative balance protection. Apart from Forex trading, Axi allows traders to buy and sell over 150 financial instruments across different asset classes.
This account is designed for intermediate forex traders looking to minimise spreads when trading. To keep costs low, AxiTrader does not widen the spread but instead charges a commission of $7USD round trip for each standard lot. This trading account is designed for beginner forex traders as it’s not a market makers account. This forex trading account spreads are wider than their Pro account however the account has no commissions. Approved traders are then issued a special trading notice that outlines the general conditions of swap-free trading with Axi.
