The broker’s average spreads for the popular instruments in each market was below industry averages. We traded the popular instrument in each market to determine the actual spreads and placed 12 trades in total. You can fund or withdraw from your live account 24/7 anywhere anytime. The various funding ways include everything from a bank swift transfer to e-wallet options. The platform allows you the chance to access your trades anytime, anywhere as it can be downloaded on almost every device, that means Windows, Mac, Android, IOS, and WebTrader.
With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. While Axi provides a functional trading experience through MetaTrader 4, its overall platform and tool offerings are average. This may affect traders looking for high-end analytical tools and integrated trading features. Despite covering several major CFD markets, the broker does not offer CFDs on options, interest rates, and other more complex instruments that are designed for professional traders in particular.
Deposit Fees
Their execution speed is impressive, and I’ve never had a significant slippage issue. The customer support is responsive and knowledgeable, which is crucial for my trading strategy. This allows me to fund my account without worrying about extra costs, which is a big plus for serious traders. I chose Axi because I wanted a broker with a clean track record and consistent pricing. Execution is dependable, their client area is easy to use, and they don’t pressure you with upsells or unnecessary features.
Additionally, the broker may charge fees for specific services, such as overnight financing/swap rates, withdrawal fees depending on the method, and inactivity fees after prolonged account dormancy. If you are a forex and CFD trader looking for a trusted broker, AxiTrader can be an ideal choice axitrader review for your trading journey. However, We always encourage traders to test brokers with a demo account or with a small deposit.
- The ECN account is designed for high-frequency traders and scalpers.
- The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument.
- It obtains its revenue from spreads in its standard accounts and commissions charged in its pro accounts.
- The ability to trade cryptocurrencies is also a fantastic feature that I’ve taken advantage of.
- If you do need a FIX API, I would compare this solution to what you can get with Valutrades.
Axi Minimum Deposit and Withdrawal
Financial regulation and licensing are crucial for creating a secure trading environment for Axitrader traders. Ultimately, your choice will depend on your personal preferences and trading style, but all these platforms offer powerful tools and features to support your trading journey. MT4 NexGen is available free of charge for all traders who create a live trading account at AxiTrader and deposit at least $1000. Before you open a live account, read the online broker’s client agreement document, execution policy, and CFDs & forex product schedule. When you open a demo account, you get $50,000 in virtual funds in your account.
This approach can help you gain experience and confidence in Axitrader trading decisions. Beginners and inexperienced traders must take the time to learn how to use the Axitrader trading tools properly. AxiTrader offers traders the ability to trade indices, commodities, Forex, cryptocurrencies, and some CFDs with competitive spreads. Due to this, the company understands any type of trader and strives to deliver the best service, support, and as well as materials that they can. The firm does not require a minimum deposit, and any trader can start with any amount desired.
For example, EUR/USD might have a low spread during regular trading hours, while more exotic currency pairs like USD/TRY may have a wider spread due to lower liquidity. WebTrader is particularly useful for traders who don’t need the complexity of MT4 or MT5 but still want a reliable, straightforward platform to execute trades. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. On the other hand, reversal patterns are signal trends when the direction changes.
Axi offers a comprehensive instructional program, which makes it a great alternative for new traders. The third-party PsyQuation trade statistics program is also a useful resource for growing traders. Individual users receive Negative Balance Protection, which guarantees they will not lose more than what they’ve invested with AxiTrader. To minimize confusion, customers have a single brokerage account with AxiTrader but can have many subsidiary profiles in the shape of trading software logins. Axitrader is not a fraud but has been recognized repeatedly for its dependability, offering low-risk Forex trading. AxiTrader is authorized and supervised by the 2 key regulatory bodies, the Financial Conduct Authority (UK) and the ASIC.
Axi Trading Instruments
Regulatory compliance is critical for any broker, and AxiTrader stands out by adhering to stringent guidelines that protect investor interests. Clients can be assured of the broker’s legitimacy, making Axi a trustworthy partner for Forex trading. The Axi Select program is only available to clients of AxiTrader Limited.
Spreads & Commissions
As such, you should check the company policy to see what countries they support at the time of your registration. 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.
1: Overview of MT4 and MT5 Platforms
- Our experts find Axi a reliable broker since it is regulated by top-tier authorities FCA, ASIC, and CySEC.
- Modern brokers like Axitrader provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources.
- To mitigate this, Axi goes directly to over 20 top-tier liquidity providers and uses co-located servers in key locations worldwide.
Since AxiTrader is a MetaTrader-only broker, iOS and Android versions of the MT4 app come standard and are both available for download from the Apple iTunes store and Android Play store, respectively. At the moment, the broker offers only BTC/USD pair (available not in all regions). 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.
Key Pros and Cons
If you are into algo-trading, then you will also benefit from the availability of EAs here that you can get from the trading community to implement, or code yourself. The leverage available to you at Axi is dependent upon which regulatory body you are operating under, and also which assets you are trading. A total of seven commodities are available for trading, again all as CFDs. This selection includes 3 metals in the form of gold, silver, and copper. 2 energies that are, natural gas, and oil, and 2 agricultural commodities in coffee and cocoa.
Axi is the trading name of AxiCorp Limited, which is licensed in multiple jurisdictions by Top-Tier financial regulators under different names. This means that clients’ funds are safer and the risk and the broker can be trusted. With language availability, there are 13 languages that you can access through the broker website.
Research Tools Axi
Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products.
