AXI AxiTrader review 2023 ++ Scam or not? Broker test

Leverage means that you can make substantial profits, but it can be dangerous as losses are also magnified, and you will still have to pay back the borrowed amount. Research the best forex trading software before you risk your money. As for the types of trading accounts, Axi offers a standard account and a Pro. The standard account has no commissions, but the spreads are from 0.4 points.

There is no minimum deposit at Axi, resulting in applicable requirements based on payment processors. Axi offers some of the best swap rates industry-wide, something I urge traders to consider who keep positions open overnight, as it makes a notable difference. Axi does charge an inactivity fee, which adds to the excellent cost structure.

The broker delivers its services for hard and soft commodities, including 31 equity CFDs and 6 cryptocurrency CFDs. The asset selection of this broker is quite limited, which makes a proper diversification of cross-assets unfeasible. In October 2020, AxiTrader officially announced rebranding https://forexarena.net/ its company from AxiTrader to Axi. Trader communities of the platform will be rebranded accordingly. Forex pairs have been one of the most lucrative assets in the world of trading financial instruments. By registering high returns, forex trading has instantly profited investors worldwide.

When you sign up with Axi, you’ll be given lifetime access to PsyQuation Premium. You can also benefit from market analysis via Axi’s ‘Markets Blog’ and access an economic calendar with a range of filters, including ‘Event Category’ or Country’. Available on the MetaTrader platform, you’ll find 31 technical indicators, as well as other technical tools, including Fibonacci retracement and trendlines. If you want to register and open an account with Axi, the setup process is completely digital and easy to navigate.

What types of accounts does Axi offer?

Moreover, AxiTrader helps new retail traders start their first trading account before becoming advanced traders and running into the platform’s limits sooner or later. VertexFXTrader is an award-winning online trading platform for global markets. It was specifically designed to meet the needs of brokers, market makers, clearing houses, banks, central banks, financial institutions, and other financial institutions. Also, Axi offers training and free educational materials every trader needs.The company has online education programs, tutorial videos, and free webinars. It has also blogs written by experienced traders that will surely inspire you while trading with this broker. We can say that these are very helpful materials for aspiring traders as well as professionals.

• Since Axi has an exceptional reputation, I do not view this as an issue.
• When combined together, this can be a powerful edge to get better trades in trading.
• Brokers are realizing that in order to attract more number of traders, they must extend adequate trading knowledge and information to their clients on a regular basis.
• If new accounts lose money when trading with the software for the first time, the customer support staff connects them with experts for quick recovery.
• The Sentiment Indicator helps you see how the other traders are trading to understand how they feel about the markets and what trends may emerge.

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 axi forex broker regions located across the globe. This software continuously analyses your trading performance, specifically your trading style.

After verifying your account, we could not find any records of a withdrawal request. My accounts manager reached out to me and was efficient to resolve the issue I was facing on my account! I’ve made a request to withdraw my commission and I know it should go through given Axi’s reputation as a global broker. Now, I’m with Finance Me Consultancy , who provides intermittent payouts. The business helps consumer in making wise financial inv, ensuring timely and accurate payments.

It is regulated by the Financial Services Authority, bearing number BC 2019. AxiTrader offers multiple ways of adding or withdrawing money from the account. The supported methods of payment include wire transfer, MoneyBookers, Neteller, skrill, and bPay.

Axi Product Features

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. No unfortunately USA forex traders not permitted unless with USA forex broker.

Once verified, you will then be able to fund your account and start trading. Customer support is on hand to assist you during the process if required. I didn’t have any problems during signup and completed it within minutes. I think it is fair that they require a certain volume to cover the cost. I actually pay a third-party provider around $30 per month for a VPS.

What is the minimum deposit amount required to open an Axi account?

I contacted their chat fully expecting, here are the bank details, please make your deposit, like every other broker in the world. However, here is their reply, “These are subject to regulatory standards and as per our company policy, deposit methods available will always be based on your country of residence. AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority and by the Australian Securities & Investments Commission. Since over-the-counter derivatives carry significant risks traders should be assured they’re dealing with a transparent provider, which can be provided only by the regulated broker.

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 more than 6,000 markets without commissions and professional platforms. AxiTrader Limited is amember of The Financial Commission, an international organization engaged in theresolution of disputes within the financial services industry in the Forex market.

It is useful having the calendar build into the platform rather than needing to keep checking it externally. I always like to know what is happening around the world as the news can have a large impact on price movement. The alarm manager can send you customised alerts which is useful if you are monitoring multiple charts at once and do not want to be at your screen all of the time. You can still set standard alerts in the MT4 platform which do more or less the same thing. Axi accepts clients from all over the world, excluding USA, Canada, Iran and some other countries where restrictions apply. If they do not accept your country, you can look at our broker ratings for an alternative option.

I can’t withdraw from Axi

A minimum deposit amount is not required to open a trading account with Axi. For depositing and withdrawing funds, bank transfer, payment cards, as well as e-wallet services such as Skrill and Neteller are used. An Australian broker with an excellent reputation, Axi is an MT4-only broker with three low-cost trading accounts and some of the best trading tools in the industry. We were also pleased to find that Axi is regulated by the FCA, a British regulator that provides a high level of investor protection. In AxiTrader’s case, the trader offers the immensely popular and user friendly MT4 trading platform.

They offer exceptional online trading services to retail and institutional clients from all over the world. Clients have access to segregated accounts at top-tier financial institutions, secure deposits and withdrawals as well as competitive leverage. Besides, traders can also contact the customer support executives on the broker’s toll free number in Australia.

Traders can automatically check the data with its innovative tools that run statistical analysis. It also allows them to see their trading performance via third-party audits. The technology infrastructure of AxiTrader is built with advanced trading tools. They provide complete support to the automated trading experience. They run backtesting on features and user capabilities and support thousands of registered third-party plugins. AxiTrader does not promote any specific platform higher than the other, which makes it quite unbiased.

Axi is an MT4-only broker, but this singular focus provides for one of the best MT4 trading experiences in the world. XTB also provide this service if you are a looking to buy and sell cryptocurrencies. When you trade indices with Axi you trade on the performance and price movements of stocks without actually purchasing physical ownership of an asset.

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. They have made no attempt to address my complaint or offered any acknowledgement that charging dubious fees without prior warning is bad practice.

If you encounter any difficulties with withdrawing your funds, please contact us at Our dedicated team is always ready to provide you with the necessary support and assistance. At the time of inception of my trading – Axi was not well known to me . I traded other famous naming broker.Thouth they gave commission, cash back facilities and items facilities but they shows major liquidity problems. Now and then cut big amout of commission specially mid- night .

However they may take as many as five days or even more for processing withdrawal requests. Also, you won’t have to worry about the security of your funds as the broker does an excellent job of transferring trading funds safely and securely. Aside to the above tools, the trader has yet another amazing feature for its clients, which is better known as the iMyfxbook Autotrade feature. 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 platform is more developed, with more features to enjoy for professional traders. With this platform, you can gain insights into live market trends by viewing how others are trading using its sentiment indicator. With its advanced trading platform, you can access real-time market data and insights, as well as copy other traders’ trades with ease. Originally founded in and rebranded in 2020, Axi is a reputable Australian FOREX broker that’s used by millions of traders and investors.