But this shouldn’t be a concern to a trader if you are consistently profitable. Paying $3 worth of commission on a profit of $300 to a broker that offers tight spreads and won’t manipulate your orders is nothing, so why not? I have made withdrawals a couple of times and I receive them in less than 24 hours. In a nut shell if you want a good broker that won’t manipulate your trades and orders, won’t hold your withdrawals for long asking you to provide every document under heaven, then choose AXI.
- Whilst this can be a good hands-off solution for those who do not have the time or knowledge to trade by themselves, I find the signals to be hit and miss.
- Tier 1 regulation also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks.
- This keeps traders award of developments in the Forex industry.
- This type of account comes with a round trip commission of $7, spreads from 0.0 pips, no setup fees, and a minimum lot size of 0.01 lots.
Because of the years of experience under their belt, the broker has built up a trader base of over 60,000 clients from 100 countries. Furthermore, the broker holds several awards for offering competitive spreads and trustworthy services to international and Asian clients. Let’s dive in and analyze Axi in more detail to see if it is if the broker is one that you need to know. Axi is governed by a number of regulatory authorities worldwide, including the FCA in the United Kingdom and ASIC in Australia.
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MetaTrader 4 (MT4) is the main trading platform of Axi which comes with several advantageous features including free VPS, Myfxbook copy trading, and the Autochartist tool. It is possible to fully automate the trading process with MT4 as it offers advanced inbuilt and custom indicators and robots. There are countless trading robots and indicators available for free on the marketplace and paid ones can be tested before purchasing. MT4 is one of the best platforms on the market today as it offers not only advanced tools but also the ability to customize the platform according to user needs. What differentiates the Pro account from the Standard is the low spreads and trading commissions applied to trading volumes. The spreads start from 0.2 pips on major pairs, but there is a commission of $7 round turn per 100k traded.
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- Axi academy offers trading education developed by traders for traders and covers various proven trading strategies to help its customers achieve their goals.
- Axi is a global and multi-regulated forex broker with Headquarters in Australia.
- Myfxbook Autotrade is an online automatic analytics tool that connects with your forex trading account directly through your MT4 trading platform.
- The available functions in its interfaces are quite simple to use, and services are also compatible with a wide range of mobile platforms from Android to iOS.
This also extends to fees and spreads, with no fees on money transfers, and spreads across all Axi account types representing some of the most competitive in the industry. For their part, its clients are just as satisfied with the more simple and transparent trading environment. Axi provides access to many markets, featuring over 50 financial instruments to trade as CFDs. The demo account is a practice axi review account that comes loaded with virtual funds for practice purposes only. The elite account is a package designed for top-tier traders with lots of experience and who wish to engage in highly advanced trading. The account comes with a lower round trip commission than the pro account at $3.5, and while it shares the same lot size as the other live trading accounts, its maximum lot per clip is 200 lots.
The broker has no deposit or withdrawal fees, tight spreads from just 0.0 pips and competitive commissions, all which make Axi stand out among its competitors. Established in the late 1900s, IG is an online forex trading broker that offers its services to users worldwide. This IG review will focus on trading instruments, regulations, deposit and withdrawal methods, spreads and leverage. It will also explore how to open an account, fees, trading platform and safety measures provided by the broker on clients’ investment funds.
The FX charts offer in-depth information on various charts and provide a suitable interpretation of the various price fluctuations. Axi also offers various online courses right from basic Forex introduction to in-depth market analysis. The broker offers several educational videos which the registered traders can watch free of charge and get enlightened. In addition to the above, the broker also posts daily market updates.
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To keep costs low, AxiTrader does not widen the spread but instead charges a commission of $7USD round trip for each standard lot. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device,
anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools
to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned
trades. Not only that, opening an account in Axi can lead to other experiences such as copying trading strategies from professional traders, with tools like as DupliTrade, Myfxbook, and ZuluTrade. Traders are free to copy trading strategies from professional traders and apply them to their own trade. Traders can also add knowledge about forex trading with the Webinar facility, which is provided by Axi for free.
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Founded in Sydney, Australia, by a team of experienced traders, Axi has been operating since its inception in 2007. And in most of its operational jurisdictions, the company is well-regulated by top regulatory agencies. Live chat is the fastest way to contact the broker’s support team and they are polite, responsive, and knowledgeable. The other forms of support include phone and email support, and the option to leave a message on WhatsApp. The support is multilingual and the broker offers a mobile numbers list for international traders. Overall customer support is among the best in the business and both support and the website are multilingual.
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Operating with integrity, honesty, trust and transparency is of the upmost importance. They are always looking to improve their services in order to stay up to date with the latest innovative technologies and continue to deliver excellent customer support. You even get a dedicated account manager that is available to assist you in reaching your financial goals. Axi was previously known as AxiTrader before rebranding in 2020.
Had to report to a private service provider and its in progress. But recently, I conclude to stay with axi due to their faithfulness and timely service delivery. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee.
In addition to popular asset classes, Axi provides access to futures from various markets. There are 9 commodity futures CFDs, with gold from 0.7 pips, and Brent from 0.4 pips spread. 14 index futures CFDs are also offered with low spreads from 0.9 pips for the S&P 500. Top tier regulatory authorities like ASIC, FCA, FSA and DFSA regulate Axi forex and CFD broker. However, the broker is not yet listed and traded on any stock exchange in the world and does not disclose its financial statements in public. Furthermore, the broker’s licence to provide its services in New Zealand was suspended in 2019.
The forex broker is certified in Australia, which is critical due to the safeguards in place to protect currency traders. The feedback my clients have provided has been music to my ears. They are licensed and do all legitimate checks and ensure the client is ready and qualified to trade. Call centers do not harass customers at silly times with spoofed mobile numbers.
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