Our trusted long term broker partner Axi (AxiTrader previously), has been our preferred Forex and CFD’s broker & charting platform since 2011. If you have not made a withdrawal before, please note that all requests will be processed within 1-2 business days upon receipt. Currently, there are no deposit bonuses available with this brokerage. Let us provide a breakdown of those two categories and see how Axi has positioned itself on this front. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
Customer Support
As such, all data is encrypted during transmission and the company uses cutting-edge software to protect traders. There is no minimum deposit requirement with the Standard or Pro accounts, but clients need a $25,000 deposit to get started with the axi forex broker Elite solution. The Autochartist feature offers automation and trading signals on forex pairs. The tool essentially collates financial data from a multitude of sources and overlays technical analysis to help users identify trading opportunities.
Islamic Trading Accounts
If you exceed this monthly Fee Free Limit, they do reserve the right to pass on your Neteller and Credit card transaction fees. This is pretty much standard practice and not a deal breaker for me. If you have further questions, you can contact your account manager who will be happy to help. The standard account requires no minimum deposit, has variable spreads starting from just 0.4 pips and charges no commission. This account does not have the lowest spreads but on the plus side, there is no commission fee. Overall, I found the cost to be the same whether you paid the commission separately or have it included within the spread.
Axi Broker Review: Why we’ve partnered with the Axi broker platform since 2011.
Sentiment analysis is often used as part of a contrarian trading strategy. After all, it is the sentiment that moves the market most of the time. I believe this is a tool that should be readily available in all platforms. I personally prefer the MT4 desktop platform as it has all of the features and functionalities. I actually run multiple instances of the MT4 platform to try out systems on different brokers.
A stock CFD mirrors the actual performance of an underlying stock. For example, the Apple shares CFD follows the Apple Inc. (AAPL) stock price. Similar features can be seen on the broker’s MetaTrader mobile app for iOS devices (iPhone, iPad, iPod touch).
If you want to find areas in which you can improve, this is a great tool. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. The top 10 largest and most valuable companies in the world by market capitalization, number of employees, revenue, earnings, and assets. The company is regulated by the Australian Securities & Investments Commission (ASIC) and the UK Financial Conduct Authority (FCA). Share your own review and comments about your experiences with Axi below.
- This is the avenue US-based traders need to choose to trade forex to meet American regulation.
- You can get it for free when you open a live account and deposit a minimum of at least $1,000.
- Customers who cannot dabble in interest due to their religious beliefs are granted the option to register swap-free Islamic accounts.
- Client funds are held in secure and segregated trust accounts with top-tier banks including NAB and Lloyds.
- You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary.
Accounts can be opened in an excellent range of various currencies including AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. You simply complete the registration form and verify your email address. You will then need to upload proof of identification and address for KYC purposes.
Important legal documents in relation to our products and services are available on our website. You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary. Predominantly a MetaTrader broker, and rebranding from ‘AxiTrader’ – Axi now specializes in https://forexarena.net/ trading forex, cryptocurrencies, indices, metals and commodities. The brand has a mixed client base, with opportunities for less experienced investors, as well as institutional traders. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise.
MT4 NextGen is a more advanced version of the MT4 platform with some additional features including advanced management tools, enhanced ordering and sentiment trading. You can get it for free when you open a live account and deposit a minimum of at least $1,000. Axi UK must comply with the rules of the European Securities and Markets Authority (ESMA) when they are conducting their business. These rules limit the amount of leverage offered to EU clients and the way in which financial services are promoted. If you want higher leverage then you would need to look at the international brand.
The Myfxbook third-party application also integrates with MT4 to offer clients automated trading capabilities. Axi offers forex and CFD trading to retail and professional investors. Catering to traders from the EU to Australia, Singapore and Indonesia, the client portal opens up 130+ products, copy trading functionality, plus multiple account options. An ECN model of operation boosts client trust and allows for breakneck execution speeds. For more than a decade, Axi has built strong relationships with top liquidity providers around the world.
Client funds are held in secure and segregated trust accounts with top-tier banks including NAB and Lloyds. This means that client funds cannot be used for any other purpose by the company such as operating costs are hedging. Axi are a regulated broker that must be compliant with strict regulations and standards that are put in place to protect investors. Please keep in mind that as Axi are regulated in different markets by different regulators, each are subject to a different set of rules. For a full comparison, we decided to take a full combination of their fees in all accounts and compare them against the same standard offered in other leading brokers.
You can access multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs & ETFs. Whatever your interests, there is something for everyone to trade. Whilst there should be more than enough for most of you here, IG have over 17,000. Eligible Axi clients get complimentary access to top online trading courses from the London Stock Exchange-accredited Knightsbridge Trading Academy. This course allows you to learn from accredited tutors and elite traders. Axi have an education centre with free training for all levels of traders that covers a range of basic, intermediate and advanced subjects.
Another useful functionality is the MetaTrader 4 Forex Trading Signals tool. Armed with this tool, customers of Axi can save the trading strategies of thousands of fellow traders and place trades automatically. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
You can set alerts for when patterns are found and it can also forecast possible stop loss or take profit levels. Whilst this can be a good hands-off solution for those who do not have the time or knowledge to trade by themselves, I find the signals to be hit and miss. I would much prefer to use my own strategies as I like to know when and why a position was taken. Axi accepts clients from all over the world, excluding USA, Canada, Iran and some other countries where restrictions apply. If they do not accept your country, you can look at our broker ratings for an alternative option. Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets.
