Axi Review Formerly AxiTrader year : Is It a Good Broker?

AxiTrader also allows B2B fund transfers from two separate companies, so a trader can easily transfer his/her trading account from another brokerage firm to AxiTrader. A client of AxiTrader can enjoy the possibility of having financial account base currency in GBP, CHF, USD, EUR, or PLN as well as deposit funds in these major currencies also. Besides, the online trading platform has no mandatory minimum deposit requirements, and traders are free to deposit any amount. AxiTrader has no charges for a bank transfer, no inactivity fee, trading fees, or withdrawal fees.

AxiTrader’s world-class customer support and numerous awards can be attributed to its supremely salutary management. Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers). The live chat is the fastest way to get in touch with AxiTrader representatives.

Because every Axi client gets a unique PsyQuation Score, you can use the PsyQuation leaderboard to follow the most successful traders – details provided include performance history and equity curve. 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.

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What trading application does AxiTrader provide for trading?

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And so I found that this version is complete and you could do pretty much everything you could on a regular PC, which is pretty awesome. So I’ve never seen this before, and that will mean that I can simply open axitrader review my MT4 on my mac and trade there. There might be other options for that, but I’m just not currently aware of any. For its regulatory limitations, AxiTrader is often considered to be a high-risk broker.

Trading ideas

This allows these users to prepare for live trading through a real-time simulation of the real world market, without having to risk their own money upfront. Demo users get 30 days to practice trading and there’s no obligation to upgrade to a live account before the person is ready. Trading education may not play a direct or significant role in a trader’s performance but it definitely helps him/her in understanding the basics of online trading. Additionally, it also familiarizes traders with the key aspects, terminologies and strategies of trading, which may be extremely helpful to them in the long run.

A $1,000,000 client money insurance policy is also in place, making the unregulated St. Vincent and the Grenadines unit the best-protected one with the best trading conditions. The company is growing from strength to strength, catering actively to its diversified clientele and substantial trading volumes. 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, & every user is free to deposit any amount in the account.

Many retail accounts lose money when trading in the financial markets. After opening an account, you can access the account through the AxiTrader login! If you have any issues when trying to open an account, you can get in touch with customer service through phone support, email address, or live chat.

Trading Conditions

Below, learn more about their deposit and withdrawal methods and procedures. Yet another important aspect that must be taken into account at the time of picking a broker is the type of conditions they offer for trading. When we talk about trading conditions, we’re referring to things like spreads, leverage and speed of execution.

• They are here for your benefit and make sure you can exploit the best parts of AxiTrader MT4.
• During the review procedure, our expert traders also discovered that the company has won several awards and accolades from financial organizations and institutions across the globe.
• The FCA and ASIC require the broker to ask you for some documents before giving you an account.

The client funds of the UK enjoy coverage from the Financial Services Compensation Scheme of over £50,000 in a highly unlikely case when AxiTrader becomes bankrupt. You should note that those are recommendations, in case you would like to use PsyQuation. A VPS hosting service uses a virtual private server that mimics a dedicated server’s behavior and the environment in a shared environment. Using the VPS, brokers can provide clients with direct ISP connection to physical hardware.

It is regulated by ASIC , FCA the FSA , DFSA , and a member of the non-government Financial Commission. Insurance up to $1 million by Lloyd’s is available for the accounts larger than $20,000. Feel free to try Axias its trading fees are low and there are no deposit or withdrawal fees. Axi holds a comprehensive Client Money Insurance policy that provides retail clients with protection up to US$1,000,000. This insurance coverage comes at no additional cost and automatically applies to all retail accounts with balances above US$20,000.

Licensing, regulation & protection

The fact that that could be the case, removes any and all AxiTrader scam suspicions completely and allows us to review the brokerage from a completely different perspective. However, upon further inspection, it turned out that AxiTrader Limited is also a subsidiary of AxiCorp Financial Services Pty Ltd, an even larger financial corporation located and registered in Australia. Since 2018, AxiTrader has the DFSA regulatory status in Dubai. The same year was marked for the broker by the receipt of an FMA license in New Zealand. Blockchain – 5 Min Read Best ways to invest in cryptocurrency Alex Lielacher | 06 Jul 2022 When most people think of cryptocurrency, they think of Bitcoin. And while Bitcoin is still the biggest and most well-known coin, there are now many other options to invest in.

However, this is one area where you’ll certainly want AxiTrader to be more prompt in terms of releasing funds. It must be noted that as a trader, you may require funds to meet your financial needs in different situation including during emergency or for paying your medical bills and expenses. In AxiTrader’s case, the trader offers the immensely popular and user friendly MT4 trading platform.

At the time I deposited, the profits had to be withdrawn by a bank account and not by crypto too, so I decided to do it by bank transfer. AxiTrader has built a respected reputation over the past decade or more and has no doubt helped many traders achieve their own goals in the Forex trading industry. They have useful services, a lot of added extras, are officially licensed, have plenty of favorable reviews and give good old fashioned support. To help try and bring their traders another edge, the AxiTrader Forex broker provides several complementary add-on tools for the MT4 platform. One of the most popular and effective is Autochartist, a program that permits users to automatically chart the markets and more easily understand the current market trends. The AxiTrader FX brokerage allows new users to access a Demo account, which is filled with virtual funds they can use to practice trading.

Look and feel

Since its inception in 2007, AxiTrader has been the recipient of a number of awards including “Best MT4 Broker”, “Most Reliable Forex Broker” and “Most Trusted Forex Broker”. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Withdrawals, isn’t back into the funding credit card like, mentioned in the company documents. When you become more profitable, the MT platform starts to freeze, with no signals coming through, nor is the platform responsive. Terrible FX broker – Every second T/P trade, has slippage tat increases with trade size.

Axi has low forex and CFD fees, and deposits and withdrawals are free of charge. As is standard for FX trading, AxiTrader requires all its clients to maintain minimum margin requirements, but what that requirement actually is depends on the trade you’re entering into. In the flagship Forex part of their business, users have access to more than 80 currency pairs to pick and choose from. Having a large range of options gives the opportunity to achieve trading goals across a more diverse trading portfolio. The broker outlines a number of general services on the homepage, but one of the most important is the Demo account and there aren’t many brokers offering a demo account this flexible. While the differences between the two account types might not seem significant, the key is in the detail.

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider. Professional and non-EU clients are not covered by negative balance protection. Axi clients are provided free access to PsyQuation Premium, an AI-driven analytics platform to help you discover strategies for MT4.

Broker Information

In order for us to assist you, may we please ask you to provide us with your full name, email address registered and the detail of your concern? Don’t wait till client write on the trust pilot to solve the issue. AxiTrader is a registered business name of AxiCorp Financial Services Pty Ltd which is regulated in several countries. Hi Ricardo, please note that the difference in the amount is due to bank fees which Axi does not have control over.

When checking back to put together this AxiTrader review, we found the website () to be extremely easy to navigate, no matter what part of the page we went to. Sure the homepage isn’t the most beautiful site in the world, but it loads quickly and it is easy to find your way around, which are the most important details from a functionality perspective. The developers have put together a nice menu which makes finding information super simple. However, we always recommend you to do your own research before opening an account with the broker. Axi still caters to a broad range of traders through its FCA regulation in the UK.

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. It takes a minimum of two business days for a new AxiTrader account to get approved. AxiTrader also generates researched information from a market analysis section that taps into online content and runs a market commentary.