There are no restrictions on trading strategies and the broker boasts impressive spreads by connecting to 20 liquidity sources. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. Retail Clients of Australia and New Zealand are given the added protection of negative balance protection. This means that you cannot lose more than the amount of money invested with us. Investing in CFDs does not provide any entitlement, right or obligation to the underlying financial asset.
Our only complaint is that traders have to sign up with the offshore entity – AxiTrader Limited, which isn’t authorized by a strong regulator. The company is regulated by the Australian Securities & Investments Commission (ASIC) and the UK Financial Conduct Authority (FCA). There are zero commissions, long or short opportunities, and dividend paying equities available.
The broker offers cheap commission fees, tight spreads, and quick trade order execution. These factors can all help you save in the long run and make sure you have the best conditions for your trading strategies to thrive. You can benefit from a variety of simple deposit and withdrawal methods for convenient account funding. They have a decent selection of useful trading tools, educational resources, and 24/5 customer support. Axi forex and CFD broker is ideal for experienced traders who can rely on their professional skills whilst also having everything in place that a beginner needs to succeed.
Axi broker is big scammer they make you…
However, it is important to remember that forex trading involves risks, and beginners should always practice proper risk management techniques to protect their capital. With the knowledge and tools provided by Axi Forex, beginners can embark on their forex trading journey with confidence. Forex trading has gained immense popularity in recent years, attracting both seasoned investors and beginners looking to dip their toes into the world of financial markets.
- Apart from Forex trading, Axi allows traders to buy and sell over 150 financial instruments across different asset classes.
- Every trader should be able to pursue their own trading strategy.
- Axi also offers various online courses right from basic Forex introduction to in-depth market analysis.
- If you are looking for a forex broker, they are certainly one to consider but for other asset classes, you may feel slightly restricted.
- Overall, Axi fully complies with the regulatory standards imposed by some of the top financial regulators in the world.
Deposits can be made from wire transfers, debit/credit cards and multiple electronic wallet options available. However, the broker only allows withdrawals via wire transfer and some electronic wallets, which is a downside. Deposits and withdrawals can take anywhere from instant to 3-7 business days, depending on the payment method used at the time. There are no costs or fees for deposits and withdrawals by Axi, which gives it a massive advantage over some of its competitors. You need to make sure that any deposits to your trading account are made from an account in your name. Axi is a reputable award-winning broker known for its industry-leading trading products and services.
In this broker review, we will pay attention to the critical aspects of Axi, which you may consider before deciding whether to trade with this online brokerage. Use the economic calendar to keep track of any important future events that may have an influence on the market in which you are trading. The calendar is organised chronologically, detailing any events that occur inside a day and the time they occur. You may use the filters to look at any certain day, week, or month; simply choose the unique dates you wish to observe. Deposit and withdraw funds using our fast, flexible payment options. You’ll clearly see which payment options are available for your account type.
These materials include eBooks, webinars, video tutorials, and a glossary of trading terminologies and cover basic, intermediate, and advanced trading topics. Also, the broker provides a free trading course for beginner traders. There are several methods you can utilize to add funds to your live account. This includes credit cards, debit cards, wire transfers, Skrill, Neteller, and many others. The detailed list can be found on the official website or in our review. Axi offers an MT4 mobile app for both Apple and Android devices.
Additionally, traders can customize their charts to suit their individual trading styles and preferences. Neither have Int’l Stock Trading (Non CFD) and Cryptocurrency (Physical). PsyQuation is one of the most advanced retail trading software solutions available. It analyses your trading style and performance in real-time, comparing it to the most recent data to offer intraday charting and performance effect analysis. Axi has a huge advantage over its competitors in terms of inactivity fees as the broker does not charge any inactivity fees from the traders’ accounts.
Commissions
When your trading account is verified, you are welcome to fund your trading account using any of the payment methods available on the broker’s website. The website is encrypted to ensure the safety of your personal information. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice.
MT4 mobile is free to download from the respective app stores on both Android and iOS. The MT4 forex trading platform is ideal for forex traders of all levels. The forex trading platform is axi review very clean, and all the charts and other trading tools are easy to find and use. When spreads and fees are compared to other Australian forex brokers, the overall result was favourable.
Axi Features
Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that FOREX.com offers better pricing overall for traders. To open a forex trading account with FOREX.com, you’ll need to make an initial minimum deposit of $100. Every trader should be able to pursue their own trading strategy. As a result, the broker lets traders use third-party Forex Trading Signal technologies on its MT4 platform. This can be a good solution for those of you who do not have the time required to trade online. However, clients should be advised that hypothetical performance and real trading outcomes might differ significantly when utilising third-party plugins and methods.
Axi Ratings at a Glance
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. Whether you’re studying the principles of Forex, trying out new methods, or searching for expert trading advice, the eBook series may help you increase your market knowledge. Subscribing to an MT4 Forex VPS hosting service for 24/7 access will increase dependability and ensure that your positions are never disturbed.
The Trustpilot Experience
Email and phone support are available five days a week, though the service does run for 24 hours a day. Learn new CFD trading strategies from the professionals by choosing to follow your favorite traders, trading along the same lines as they do. You can also open a subaccount, using one account for copy trading and another for original trades. Traders who are looking to profit from some of the world’s most popular stocks can consider trading stock CFDs with Axi. Axi’s traders are allowed to trade various financial assets from the convenience of their mobile devices through a mobile trading app.
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You will have $50,000 in virtual currency to safely trade and hone your skills. VPS hosting ensures fast execution and no downtime by making sure your platform keeps running 24 hours a day. One of Axi’s VPS partners is ForexVPS, which offers state-of-the-art SSD drives located in New York. For the Basic VPS edition, Axi will cover up to $34.99 of the monthly fee if you trade more than 20 lots in a calendar month. Another VPS option is MetaTrader VPS, which is offered by MetaQuotes at $10.00 per month.