Albeit, the somewhat negative FPA sentiment on that matter, we remain impressed by the quality of the support and invite our visitors to leave their feedback to form a more well-rounded opinion. While reviews from non-user generated website are usually more well-structured and in depth, they may also fall short on the objectivity spectrum. Brokers do incentivize many third party-websites to write favourable reviews.
- The standard and Pro accounts can be opened with 10 different base currencies.
- What you will have to deal with are a few more fees like commissions and overnight fees due to the low spread.
- Evaluation includes researching the Axitrader management team, track record, and services.
- While this may see you losing “profits” that you picked up, it is better than nothing.
- The unique side to AXI is they have chosen to include multiple country-specific internet banking methods for those countries to which they operate within.
Due to its user-friendly design and accessibility of demo accounts for practice, MetaTrader 4 is regarded as one of the finest trading platforms for novices. Contact us today and we will find a broker suited for your skill level. The Pro account does charge a commission of $7 round trip per lot (3.5$ to open a trade and close it), but it has a spread that starts at 0.0 pips.
There are two live accounts that have a demo period of 30 days after signing up. The only differences between the standard and pro account are the spreads and the commissions. Your trades, deposits, profits, losses, and withdrawals on the platform are measured in your base account currency. They seem to offer a beginner friendly trading package with personalised customer service all with the security of a well-regulated international brand. Moreover, they have a host of other features which will satisfy the professional traders among you. There are two types of live accounts and these are the standard and the pro accounts.
Online investing with Axitrader can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with Axitrader, evaluating the Axitrader platform is important. Evaluation includes researching the Axitrader management team, track record, and services. When it comes to online trading with brokers like Axitrader,
carefully review Axitrader as your broker can make or break your success.
AxiTrader Regulation
Yes, trading derivatives carries a high level of risk to your capital and there is high risk to losing your money. Please also make sure to read through all available legal advice on IC Markets’ website I you have any questions or concerns. In our AxiTrader review we found that AxiTrader’s Standard Account works without any commissions or additional fees.
How Are Execution, Leverage And Position Sizing With Axi?
With lightning-fast order execution, Axi minimizes latency, crucial for capturing market opportunities in real time. The integration of advanced charting tools enhances technical analysis, empowering traders to make informed decisions. As part of our Axitrader review, we review customer service options, response times and problem resolution effectiveness on the Axitrader trading platform. The Axitrader trading platform supports multiple languages, which includes English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic. In addition, currency conversion fees may apply if the Axitrader withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Axitrader.
If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Axitrader has been facilitating trade on the financial markets for over 17 years. Axitrader offers clients Forex trading, CFDs trading, and Social trading. All funds deposited to Axitrader are held in segregated bank accounts for security. Axitrader is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) so can be considered legit. Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees.
More reviews
Since Axi has an exceptional reputation, I do not view this as an issue. Axi is a member of the Hong Kong-based Financial Commission, featuring a €20,000 compensation fund. A $1,000,000 client money insurance policy is also in place, making the unregulated St. Vincent and the Grenadines unit the best-protected one with the best trading conditions. Axi processes client withdrawals via most of the payment methods available for deposit making it convenient for its clients to withdraw their funds. There are various options for funding your account, including bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller.
Andrew has a well-established career in fintech and came up with comparebrokers.co to make
trading on financial markets more transparent and accessible. Withdrawing money from Axitrader processing time varies depending on the method but averages 1-5 days. Throughout our comprehensive Axitrader review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality. To trade effectively with Axitrader, it’s important to have a good understanding
of the Axitrader trading tools and the markets.
There you see the range of techniques that is very well supported, alongside a broad offering of VPS services that not every broker makes available. ForexVPS – They offer 24/7 customer support at a price of $34,99/month, but Axi will cover the fee if you trade more than 20 lots per month. These include markets from around the world in Europe, Asia, and Australia. They are the NAS100, SPX500, and EU50, perfect for lower risk trading. Axi is a CFDs broker, every asset listed on the platform is offered in CFDs.
We registered our account on 1 January 2023 and it was verified on 2 January 2023. Here is a look at some additional products that you may encounter when trading at Axi. At Axi, there are a number of base currencies available for you to select from.
Clients residing in the UK can deposit and withdraw at AxiTrader through Debit/credit cards, e-wallets, bank transfers, and cryptocurrencies. In the next step, traders need to provide further details of their name, date of birth, and address. These details will be verified by submitting a soft copy of the documents.
AxiTrader UK Review
For this review we tested AxiTrader, standard account, plus we collected secondary information from reputable sources, as well as user generated reviews. Axi accepts traders axitrader review from the UK and South Africa and has an office in each. Traders from Malaysia, Singapore, and Canada may also open accounts at Axi, but US traders cannot trade at Axi.
They also have a section that covers some of the latest charting setups from a technical analysis perspective. However, this seems to be quite outdated and has not been updated since October in 2018. If you prefer to get a print version that you can download for offline reading, then they include their free ebook. You will need to hand over your contact details in order to get sent the ebook. We downloaded the book and it appears to be pretty stock and standard (not a customised solution). Lastly, if you think that your trading is impressive then you can always export your trading data and use it to secure external funding from investors.
Trading Risk Disclaimer
For more advanced trading education, if you choose to trust our judgement, we suggest you to go through our trading strategies, tools and analysis to get professional help for free. PsyQuation is one of the world’s most advanced data analytics platforms for retail traders. Using highly sophisticated algorithms it works like your own private trading coach, analysing your individual trading style, identifying mistakes and helping you avoid making similar mistakes again. Although nowadays there is plenty of information available on every broker, this does not make it easier to take a thoughtful decision. The abundance of information can quickly become overwhelming and confuse traders rather than provide clear answers. Axitrader started as Sydney based brand in 2007, the company expanded its operations into UK and China in 2012 and 2015 respectfully.
Educational Material
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. This is an AI-powered analytics platform run through machine learning which can provide a detailed analysis of charts to help you better understand your trade positions and in the most detail possible. It is easier to use than it sounds, and could really provide you with some great trading insights to help manage your trading.