There are various options for funding your account, including bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller. If beginners as well as expert traders would like to access the online financial trading world, AxiTrader makes it available for them. Compared with many other brokers, the trading tools available on the Axitrader platform are relatively limited. The distribution information on the official website of Axitrader is not fully disclosed. However, the Forex broker does not have a compulsory FCA license to do this. The Forex broker is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe.
The entire responsibility for the contents rests with the contributors and commentators. Reprint of the materials is available only with the permission of the editorial staff. AxiTrader offers the popular app MetaTrader 4 to its clients and does not have a proprietary trading platform. Traders can trade via the broker’s website, as well as via the mobile and desktop MT4 applications available via Axitrader download.
While it does not have a public listed license to hold client money or assets, you can trust its customer service and trading platform. The customer support team at Axi is available 24 hours a day, five days a week. Traders with a minimum of $1,000 can access NextGen, an advanced Sentiment Indicator. Axi also offers an extensive FAQ section and a live chat facility. Axi’s range of financial instruments is slightly limited compared to other brokers, but it offers over 70 Forex pairs and we were pleased that it recently added 50 global share CFDs. Since there is a high risk of losing money when trading forex, it is important to decode the complicated trading process and implement some effective trading strategies.
Yes, Axitrader does have an affiliate program, so grab the opportunity to become an Axi affiliate and earn income. AxiTrader’s regulated environment is monitored by various jurisdictions and maintains compliance with different trading conditions. Based on the regulatory obligations, AxiTrader moderates its leverage.
ForexClub’s fixed spreads are above average, amounting to 3 pips for the EUR/USD pair. Its variable spreads, the ones on the MT4 start from 0.2 pips and involve a commission of $4. So the minimum trading costs per standard lot are around 1 pips for this pair.
Mobile Trading Platform
This broker shines with auxiliary services like Autochartist MT4 Plugin, VPS hosting, and PsyQuation Premium. Spreads and commissions vary depending on what kinds of trading accounts you are holding. The minimum spreads in the Standard account start from 0.4 pips, and from 0 pips in the Pro account, with a commission of $7 per lot.
They will trade the excess market volatility created by misses or overshoots of the forecasted numbers. In order to further sweeten the deal for all of the traders, Axitrader has built in integrations for a number of third-party trading services. For those traders who are constantly on the move, you will be happy to know that MT4 platform is also supported on your mobile device. Metaquotes has developed MT4 applications for both iOS and Android devices. The online broker space is littered with examples of pretty awful customer service.
I have been trading FX for 16 years with approximately 10 brokers and banks. I like that the PsyQuation Score showed me where fxcm broker review I stand when compared to other traders. Also, it confirmed what I knew about myself before – that I am not a big-risk-taker.
Customers are required to have an account balance over and above the minimum margin requirements for their open positions. However, they can take a position of much higher value than that balance using the leverage. Once your application is approved, you can log in and fund your account in the base currency of your choosing.
How much is minimum deposit to AXI?
We recommend that you may want to fund your account with at least USD 200. For margin requirements, please refer to our Product Schedule.
Both the accounts provide mostly similar types of trading features except the AxiTrader spread along with the cost of trading and related trading conditions. Further, the trading platform also offers several trading packages like MetaTrader 4 NextGen add-on for users who make a min deposit of $1000. Users need to open an account with AxiTrader which offers fast execution. If you have been contacted by a scammer, please visit our contact page.
If you would like to start trading and earn money, AxiTrader can be very useful. The leverage depends on the user’s geographical region as well as on the AxiTrader branch that will regulate the user’s registered account. Most economical includes the Indices with a commission margin of just 1% only. AxiTrader has the proper credentials of a trusted brokerage with isolated issues. The claims of regulation by the St. Vincent and the Grenadines by the Financial Services Authority could not be confirmed.
However, Axi clients that are onboarded through the SVG FSA will not have negative balance protection. On the other hand, the SVG FSA is not considered a regulator and does not supervise trading or protect traders, but allows Axi to provide its traders with much higher leverage. Should they choose the FSA SVG, British clients must rely solely on the reputation of Axi as no additional measures exist to ensure client protection. There is a significant focus on market news and analysis, with tailored content delivered daily and weekly via email and social media channels.
We think this is something you should be in control of.Be careful with forex and CFD trading, as the preset leverage levels may be too high. You can set alerts and notifications to be received via mobile,but only on the desktop trading platform. It would be much easier if you could set these notifications on the mobile trading platform itself. Similarly to the web trading platform, Axi provides only a one-step login.A two-step login would be safer. What you need to keep an eye on are trading fees and non-trading fees.
It is regulated by the Financial Services Authority, bearing number BC 2019. AxiTrader has developed this four-step simple process to meet the regulatory KYC requirements. New traders are likely to feel comfortable while opening an account with this process.
Established in 2007, Axi is a recognized and trusted broker with its head office located in Sydney, Australia. It quickly made a name for itself and gained an international presence. Axi is recognized by many investors for its product market coverage and the tools offered to assist forex trading tutorial clients with the implementation of their trading strategies. Moreover, the broker doesn’t distract the customer with lots of account types and unnecessary frills. The minimum deposit amount required to register an Axi live trading account ranges from $0 USD – $25’000 USD.
You can choose between trading in AUD, EUR, GBP, HKD, JPY, SGD, or USD. Traders Union analysts studied the current conditions of Axi traders and determined the commission rates based on spread forex brokers and withdrawal fees. It is important to note that commissions differ depending on the financial instrument and account type. Axi is a MetaTrader-broker that offers to trade with 80 currency pairs and 65 CFDs on commodities, metal, indices, and cryptocurrencies. Moreover, it also provides several social-copy trading platforms and tools. 69.6% of retail investor accounts lose money when trading CFDs with this provider.
Axi Select provides a pathway for talented traders to access the capital funding they need to become pro traders. Prove that you’ve got the skills to be a top trader and we’ll back you with funding and professional development. The spread of the standard account type starts from 1.0 pips with no commission.
What trading application does AxiTrader provide for trading?
The perceived high risk of losing money when trading on AxiTrader has been debunked in this review. It is a financial service provided globally and berkshire hathaway letters to shareholders book is legit for users in the countries regulated under its authorities. AxiTrader and AxiCorp Financial Services Pty LTD are two different entities.
Is scalping allowed in forex?
Typical forex accounts also discourage or do not allow scalping. If the spread or commissions are too high, or the price at which a trader can trade is too restricted, the chances of the forex scalper succeeding are greatly diminished.
The leverage on known financial instruments multiplies on AxiTrader, just like every other brokerage. The initial capital of trading with AxiTrader can be leveraged to amplify the potential gains smartly. It is important to note that high leverage has an inverse effect as well, where it could work in reverse of the trade.
It provides a 28-plugin upgrade package for the MT4 trading platform, and the trading costs are marginally lower. The spotless regulatory record sets a shining example for other brokers to follow, and the ECN execution model grants traders conflict-of-interest-free brokerage services. AxiTrader is a market maker, has minor regulatory discrepancies, and provides traders merely with the basic MT4 trading platform. It attempts to rectify this via PsyQuation Premium, but it falls short of Pepperstone’s offering while representing a sound option as a secondary brokerage.
Advanced management tools make MT4 NexGen an app that all traders want to get their hands on. Compared to other similar brokers, Axi’s account opening process is fast, hassle-free, and fully digital. The market scanner provides statistically significant market movements and identifies important price levels that are catalysts for market movements.
Otherwise it includes all the other features that the Standard Account does. No set up cost, zero commission and a no minimum deposit make the Standard Account enticing to many traders. All new and existing clients have dedicated account management and access to customer support 24/5 via telephone, email, and live chat. Toll-free numbers are available in Australia, China, Germany, Hong Kong, Indonesia, Malaysia, New Zealand, Singapore, Spain, Thailand, and the UK. The main benefit of using third-party platforms such as MT4 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker. Axi’s trading tools transform the MT4 platform into a state-of-the-art trading terminal.
The revenue collected by AxiTrader makes it one of the top 10 retail brokers in the global forex and CFD market. It is highly transparent with its operations, winning awards recurring for its services in the market. Most clients get the chance to have their account in their choice of base currency from AUD, USD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD or CAD and deposit funds. AxiTrader has no minimum deposit requirements, and every user is free to deposit any amount in the account.
Our team has written 100+ broker reviews and we constantly test to maintain accuracy. You will find the primary education tools under the ‘Traders’ tab by clicking on the part that says ‘Education.’ There are educational articles in the ‘Market News and Blog’ section. If you need either of these tools, you will have to source them from third party sources.
Hence, AxiCorp LTD, which runs AxiTrader, has not suffered any license suspension. While these issues fall under its corporate umbrella, AxiTrader continues to work as a genuine broker, expanding its market share across the globe with every passing year. The company had made four different counts of brokerage violations under the regulator’s Financial Conduct Act 2013. AxiTrader mainstays at the technical solution through a platform – MetaTrader 4, presented in a Web, Android, iPhone and iPad versions. Good to note, that not all MT4 platforms created equal, as the broker may invest into a co-located server and fiber optics, in order to process more accurate trading or not.
It takes a minimum of two business days for a new AxiTrader account to get approved. A live chat can also cover some training topics wherein an expert answers the questions and satisfies them. Besides the live chat feature, an FAQ section educates the clients with reliable answers and improves their trading experience. AxiTrader also generates researched information from a market analysis section that taps into online content and runs a market commentary. This information is packed with trade ideas that support the outsourced research produced by the tools. The Virtual Private Server of AxiTrader hosts the traders and allows them to run their automated trading solutions 24/7.