Axi offers 30, which helped contribute to the broker ranking #56 out of 62 brokers overall in this category. 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. During liquid times the spreads may go as low as 0.0 pips, and the broker truly adheres to ensure costs at the most competitive available. Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account.
- This type of pattern helps traders determine the decision to take on their next move, whether they are selling or buying an asset, for better trading results.
- The commission of $7.00 per round lot remains competitive, and spreads start as low as 0.0 pips, an ideal combination for algorithmic traders and scalpers.
- All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
With many of the large brokerages, you will usually incur such a charge. On the Pro account, on the other hand, the broker charges a commission of $3.50 per lot per side ($7 round trip). This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. There are also video tutorials on the MT4 trading platform and eBooks available on both forex and stocks to keep you up to date and growing your knowledge.
The connection time was under a minute and account managers were professional, able to quickly answer both generic and more advanced questions. Axi’s traders are allowed to trade various financial assets from the convenience of their mobile devices through a mobile trading app. Interestingly, the MT4 mobile app is designed to effortlessly narrow down the full functionality of the desktop platform to the small screens of mobile smartphones.
Compare Axi (AxiTrader)
Overall then, Axi is a top choice for algo-trading with many supportive features and an excellent environment to carry out your trades. There are more than 50 forex pairs available and you will find the average spread is just 0.2 pips on EUR/USD and 0.5 on GBP/USD with Pro Accounts, which is very low. Commenting on the research section we can say it lacks some depth comparative to others, and is also not available in every supported language, while the social and copy trading features are limited too. Finally, withdrawal times have been known to take a little longer on occasion, 3 days or more.
Investment Types at Axi
Our in-depth trading guides are created with the same rigorous, data-driven approach. Remember – there’s a difference between trading U.S. stocks as CFDs (tradeable instruments that track the price of an underlying security or asset) and being able to own the underlying stock. If you purchase a U.S. stock, you own the actual shares; if you purchase or trade a CFD, you don’t own the asset itself. According to our database, 92% of forex brokers allow you to trade U.S. stocks as a CFD, while only 28% allow you to own the stock itself.
Is Axi regulated?
Traders have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.4 pips, carries costs roughly three times above that and beyond. It is an expensive account, and I recommend traders opt for the Pro alternative. The commission of $7.00 per round lot remains competitive, and spreads start as low as 0.0 pips, an ideal combination for algorithmic traders and scalpers.
Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. It won an award for being number one for Customer Service in investment Trends year 2013 during Australia FX Report. Also, in the year 2017, it won ‘Highest Overall Client Satisfaction’ in the Investment Trends Australia FX Report. There are dedicated account managers whenever you need a direct point of contact for more personalized service.
Axi Trust Score
Axi does lack a few CFD trading services such as stockbroking and Shares CFD services. This means that you will need to find a share trader provider in addition to Axi as your CFDs provider. Those looking for an all-in-one trading experience may want to consider some of the larger brokers such as CMC or IG. XTB is currently among the best-known broker platforms in the world. XTB was founded back in 2006 in Poland and has seen steep growth ever since. More than 3,000 different assets in six asset categories are available to trade for you with this broker.
Nevertheless, like every other broker, Axi also makes a profit from each of your trades. The exact spread depends, and the instruments you trade, and the commission will mostly depend on your account type. Each trader wants to trade with a Forex Broker who truly understands their needs. In this review, we will tackle the company itself (AxiTrader), its platforms, services it offers and etc.
After analyzing the asset, make sure to make a forecast of the price movement. You have to choose the order volume, and then you can decide whether you buy or sell the asset you want or chose. On the other hand, reversal patterns are signal trends when the direction changes. These signals can be used to trigger new trades because the reversal may cause a new trend to start.
Axi has support in 6 languages in around 12 countries that are trading with the firm. The live chat has an instant response, which ‘instant’ means that you will receive a response within 10 minutes. The previously mentioned facts combined with our research on Axi’s user opinions and online reviews still axitrader review grants them a safe broker status. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. No matter what front end device or connection you use, our specialised low latency network supercharges your back-end execution.
The program’s financial backing gives me the flexibility to take calculated risks and pursue profitable avenues that align with my trading goals. AxiTrader has no minimum deposit requirements, you are free to deposit any amount for its standard and PRO accounts. AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority (UK) and by the Australian Securities & Investments Commission.
MT4 Pro Account is the account that most professional traders prefer. It also offers raw spreads as low as 0.0, no minimum deposit, no requotes, and instant execution. This account covers the full market and allows you to trade Forex, Commodities, and CFD Indices from a single trading terminal. It is easy to use and has fast execution with the feature of MT4’s one-click trading. It enables you to track your progress with comprehensive trade history and improve with analysis too.
This platform places trades automatically and has simple execution. By the use of trading signals, traders can copy trading strategies from thousands of traders from across the world straight into the MT4 platform. It has a 24-hour trading feature that lets trades continue to be placed, even when you’re away from your trading terminal.
Axi is characterized by consistent uptime and remains a stable environment even for algorithmic traders, who depend on uninterrupted connectivity and minimal lag time. Reliability is measured in more than platform speed, regulatory liability, or a comprehensive array of tools. Customers will also appreciate that Axi stands readier than most to respond to their inquiries and problems, via live chat, email, and several toll-free phone numbers. Axi processes withdrawal requests within one to two hours, ensuring traders get swift access to their capital without complications. I recommend traders check with their preferred one to ensure the most cost-efficient method. Traders must request withdrawals from the secure client portal, and the name of the Axi account must match the one on the payment processor or bank account.
Axi has made giant strides since its inception in 2007 to become a top global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology. Axi stands out with its state-of-the-art technology that redefines the trading experience. The platform’s user-friendly interface provides seamless navigation, ensuring both novice and experienced traders can execute trades efficiently. With lightning-fast order execution, Axi minimizes latency, crucial for capturing market opportunities in real time.