AxiTrader UK Review 2024 Is Axi a Legitimate Forex Broker?

AxiTrader UK Review 2024 Is Axi a Legitimate Forex Broker?

The MetaTrader4 platform at AxiTrader comes with trading on 61 pairs of currencies and automated trading. If traders do not wish to download any trading software on their computers, they can opt for MT4 WebTrader, which enables trading on their web browser. Overall, our experience with AxiTrader was smooth from opening our account, to the deposit, trading and withdrawal processes.

The clients of Axi can deposit and withdraw funds from its trading accounts through bank wire transfers, credit cards (the most important like VISA and Mastercard), Bpay, and Skrill and Neteller. The pro account also has variable spreads starting from just 0.0 pips with a commission of $3.5 charged. This account may be preferred if you need the tightest possible spreads.

• If you would like to exchange with AxiTrader, you will require a minimum deposit of $0.
• The typical spreads for Premium accounts are included in the bid-offer spread for each product and may vary depending on factors such as transaction size and market conditions.
• AXITrader has also set up a representative office in the UK and is regulated by the FCA as well.
• An important consideration when choosing a broker is the cost of trading, which includes spreads and fees.
• I have used MT4 for many years and it is still my platform of choice, even though MT5 is the newer version.
• The mentorship, resources, and networking opportunities were invaluable.

With various tools and functionalities at your fingertips, the platform aims to provide a user-friendly environment tailored to both beginners and experienced traders alike. An advantage of the Professional Account is that it caters to experienced traders who require higher leverage and access to tighter spreads. This account type is ideal for those who actively trade in the market. An important consideration when choosing a broker is the cost of trading, which includes spreads and fees.

Axi Desktop MetaTrader 5 Platform

While AvaTrade is renowned for its competitive pricing, AxiTrader offers highly competitive spreads, with some forex pairs starting from as low as 0.0 pips. Moreover, AxiTrader’s Standard account does not charge any commissions, unlike AvaTrade. Additionally, AxiTrader has a lower minimum deposit requirement of $0 compared to the $100 requirement imposed by AvaTrade. However, AxiTrader does not provide its clients the possibility to trade ETFs, Stocks and Options. You may use this feature to build your faith in the machine and yourself and your trading strategies. Aside from trading charges, online agents also charge non-trading fees.

Is AxiTrader a good broker?

To trade stocks, you must first open a brokerage account, research the stocks you want to trade, evaluate their performance and financials, then place buy or sell orders with your chosen broker. Contact us if you’re looking for a reliable stock trading broker, obligation free. Everything is laid out clearly, which saves me time when executing trades. The learning curve was minimal, and I felt confident using the platform after just a few sessions. The spreads are competitive, and I’ve seen a noticeable difference compared to other brokers. I’ve been using Axi Select for a few months, and the Reset Edge score system has been a great option for me.

Risk Warning :

The advanced charting tools provided by Axi empower traders with in-depth market analysis. The intuitive interface allows users to make informed decisions based on real-time data. The platform’s intuitive interface and robust tools make trading a breeze. I love how responsive the customer support team is—they’re always there to assist promptly with any queries. The interface is clean, and navigating through different sections is straightforward. The ability to customize the dashboard allows traders to tailor the experience to their preferences.

Can you make money with AxiTrader?

Axi charges brokerage fees through both spreads and commissions, which vary depending on the account type and market conditions. 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. Overall, we found Axi offering adheres to access the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced traders. These platforms support real-time market data, executions, and access to multiple trading instruments, making it easy for traders to monitor and execute trades from anywhere. Autochartist provides the bulk of research content at Axi, but the Axi blog also features a weekly market review.

Axi explains its products and services well, and I believe most traders will not require assistance. In case of emergencies, Axi customer support is easily accessible in 13 languages. There is also a Help Center with in-depth information about deposits, withdrawals, and more. This is the most popular version of MT4 that is used by millions of traders across the globe to trade the financial markets. From the high performance MT4 terminal you can access Axi’s full selection of trading instruments.

The MAM is only available to approved and regulated operators axitrader review of discretionary accounts or managed investment schemes. 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.

AxiTrader is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the number of customers they have. All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users.

• Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money.
• Axi also offers swap-free accounts for clients with specific religious or personal preferences, but these accounts are only available to select regions or clients.
• But, make certain you understand how to make the most of your cash before investing in larger sums.
• The broker is authorized and regulated by reputable regulatory authorities such as ASIC, FCA, and DFSA, which adds an extra layer of trust and credibility to its operations.
• Payoneer, an American financial services company, offers online money transfer and digital payment services.
• I’ve been using Axi for over a year now, and it has been a phenomenal experience.

Additionally, Axi allows broker-to-broker transfers with selected companies, so you can transfer your account from another brokerage to Axi. Axi applies several additional fees depending on the services or transactions involved. It was founded in 2007 and is known by its previous trading name, AxiTrader. After the successful operation in the first years, the broker has already been ranked among Australia’s most trusted Forex brokers with a strong brand association and quality trading offering. Clients can withdraw funds through debit/credit cards, e-wallets, bank transfer and cryptocurrencies.

Prospective users should be aware of some disadvantages when choosing Axitrader. However, it’s vital to understand that the platform has limited educational resources available, which may hinder beginners looking to improve their skills. Additionally, you might face high fees for inactivity and limited funding options, which could impose restrictions on your trading activities.