Axi Broker Review- Main Features, Pros and Cons Revealed!

Our AxiTrader review found out that they offer one of the best trading platforms globally and other unique features. Axi offers competitive pricing on its PRO account, with low spreads and round-turn commission per trade. MetaTrader 4 comes with a standard that differs from broker to broker.

Axi does not provide details of access, we can only assume by the text it gives that Axi accepts at least international bank wire withdrawals. Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade. To summarize, Axi has been a reputable broker in the trading industry for almost twenty years and offers a wide range of forex pairs to trade and a limited amount of other assets. They also have won numerous awards and have a high trust rating on Trustpilot. Lastly, you can also get hold of customer support via the online live chat feature that their website supports, which is available 24/5.

Broker Types

If you have further questions, you can contact your account manager who will be happy to help. Axi have a global, multi-lingual team available to help you 24/5. Customer support is provided via online chat, telephone and email whilst clients get their very own dedicated personal account managers for a more personalised service. With offices in Sydney, London, Dubai and Chisinau, there is always someone from the support team on hand to answer your general or technical questions. They have some of the best customer support you will find anywhere, evident by the numerous awards that they have won. The main difference between the accounts are the spreads, commission and minimum deposit required.

Axi has a few ways to take care of its clients in terms of customer support. They offer the ability to call them toll-free in many regions located across the globe. This software continuously analyses your trading performance, specifically your trading style. It then compares the data and provides intraday charting and current updated performance impact analysis.

Author of this review

Axitrader provides traders with currency pairs, cryptocurrency pairs, commodities, and index CFDs. The standard account is the defaulted account you will open and has spreads going as low as 0.4 pips. However, this will depend on the instrument in question, and you should refer to their live forex spread page and their product list. Their proprietary app allows clients to copy trade other users that are also on the platform, allowing them to essentially “invest like a top trader.”.

On the surface of the platform, there can be notable differences in spreads and commissions, execution methods, and other tools and administrative areas that can affect your trading experience. Axi does offer an Islamic, Swap-Free account option and Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. The Client Services Team will assist applicants through the process of opening https://forexarena.net/ an Axi Islamic, Swap-Free account. Axi makes three live trading accounts available, the Standard account, Pro and Elite Accounts. AxiTrader’s full registration and compliance stay in Australia, and its UK subsidiary gets authorization by the Financial Conduct Authority. Clients feel secure with the backing of the Financial Conduct Authority, which is why this broker does not pose any high risk of losing money when trading forex pairs.

The company is a member of theFinancial Services Compensation Scheme . Trade more than 6,000 markets without commissions and professional platforms. Official website of AxiTraderTrade axi forex broker more than 6,000 markets without commissions and professional platforms. Some brokers offer bonuses for opening an account, while others offer commissions for trading.

How was the rating of Axi performed compared to other brokers?

Over the years, AxiTrader has become a sought-after name in the forex trading market. The platform serves as a broker to millions of traders around the world. Axi provides traders with the out-of-the-box MT4 trading platform and upgrades it free of charge with the Autochartist plugin. I like that Axi adds Autochartist, which can assist beginner traders. MT4 is the market leader in algorithmic trading and remains the most versatile trading platform. It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app.

You get free access if you maintain a balance of at least $500 and trade a minimum of 1 standard lot per month. However, there were serious issues with the withdrawal, so I opted to change brokers. I requested a withdrawal of the entire sum to cancel the account two weeks ago. They promised to transfer it within three days, but I have yet to receive any funds.

Axi’s web trading platform hasgreat customizability.You can easily change the size and the position of the tabs. You can only deposit money from accounts that are in your name. To read much more details about the broker’s services and features, expand on the sections below. 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. However, the account number you gave us was archived in our system; thus, no inactivity fee was charged to it. Their response was a defence of why they are technically within the terms of the Client Agreement to charge the inactivity fee with no notice.

The Trustpilot Experience

Whether you’re a beginner or an experienced trader, AXI’s fast and secure platform allows you to easily access markets around the world from your PC or mobile device. This2022 Forex Broker Reviewhas been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Axi FX broker performance and features. Boost your platform with our unique set of plugins specifically developed for Axi clients. MT4 NexGen provides you with enhanced ordering, sentiment trading and management tools. Whether you want to trade forex on your desktop or on the go, MT4 works with the technology and operating system you prefer to use.

Axi does charge an inactivity fee, which adds to the excellent cost structure. All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds. I can highly recommend Axi, particularly the unit operating out of St. Vincent and the Grenadines, due to it.

You can trade from your computer or mobile with all of the tools needed for analysing the markets, placing and managing positions. Their forex fees are low, and they also offer great support and an array of free educational material; plus, they have invested in their MT4 trading platform, giving it extra features. Thus if you like MT4, require lots of learning material, and want good customer support, then this broker may be for you. It should also be noted that Axi offers trading accounts tailored to Islamic traders.

After the successful operation during the first years, the broker has been ranked among the most trusted Australia’s Forex brokers with the strongest brand association. At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . Our ultimate guide to the Axi minimum deposit is updated regularly. You can use a demo account, watch high-quality videos and read great ebooks. The stock index, commodity, crypto and stock CFD selection is average, although it is constantly expanding.

Our step-by-step guide will walk you through the registration process, so you can start trading right away. All monies received from clients are banked and held on trust and dealt with in accordance with the Australian Corporations Act 2001, and Regulations made there under. The ‘Learn to Trade’ menu on the front page makes it easy to access all of the educational content you need, while the ‘Markets Blog’ also features informative and up-to-date articles and posts.

This platform offers convenience, increased automation, and broadened functionality. Please note that this is only available to approve and regulate operators of discretionary accounts or managed investment schemes. Axi MT4 Forex Trading Signals enables you to access thousands of ready-made trading strategies.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. You can set your own tolerance to risk with stop loss contingencies with the use of flexible risk parameters.

• There are educational articles in the ‘Markets Blog’ section as well, which are up-to-date and well-written.
• It doesn’t matter if I am sat on the sofa or even in bed, I can fire up the app and see what is happening.
• AXI provides a comprehensive range of services for traders, including its Axitrader MT4 platform.
• You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary.

After these steps you can start searching for traders to copy. If you choose to use copy trading, Axi provides a list of traders and their statistics. You also have the opportunity to set risk levels to suit your risk tolerance. The platform allows you to stop copy trading whenever you want. The bid/ask spread of Axi varies depending on the instrument being traded.

This innovative and exciting feature essentially allows traders to copy trades of other successful or expert traders and place profitable trades. On the other hand, professional traders can also permit other traders to copy their transactions and positions and get paid as much as half a pip for every lot traded by them. This, without doubt, is a great option for traders who want to earn quick, consistent and huge profits through forex and commodity trading. Trading platform is without doubt one of the biggest concerns of a trader when it comes to picking an online forex broker. Axi offers the award-winning MetaTrader 4 platform for trading Forex, Indices and Commodities. We also offer mobile trading platforms for Android, iPhone and iPad.