We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. When testing mobile apps or mobile products, we test on both Apple and Android devices. For Apple, we test with the iPhone XS running iOS 16, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 13. If you are looking to trade non-CFD stocks (and own the underlying asset or stock), then No. Remember that software’s past performance does not ensure future results and you may lose some or all of your invested capital.
- There are two Axi account types that impact the fx broker costs when trading with Axi.
- Overall then Axi is a great choice if you prefer a feature-filled proprietary trading platform.
- Credit/Debit cards from Visa, MasterCard, and JCB can also be used and typically provide instant deposits.
- It has a positive slippage where you’ll receive the benefits of positive slippage and better trade prices with the help of AxiTrader’s price improvement technology.
- Overall, the broker covers the most demanding markets to trade, also UK residents can benefit from the Spread Bet option.
- Axi has a Trust Score of 81, compared to the industry average of 83, and BrokerNotes.co considers Axi to be Trusted.
For more than a decade, Axi has built strong relationships with top liquidity providers around the world. The broker can deliver you a more reliable trading service with better pricing and faster execution speeds thanks to these trusted partnerships. They are a top choice for low spreads, fast execution, trading platform choice, and no minimum deposit. Although no direct social or copy trading is available, they do allow algo-trading, scalping, hedging and offer a list of great VPS though have a limited range of 130 assets to trade.
Update to my testimony about the brokerage company
The platform has more than 280,000 users from around the world thanks to its excellent reputation and beginner-friendly platform. Multiple authorities regulate the broker and, overall, a perfect choice, no matter if you are experienced with trading or just starting out. With this said, AxiTrader holds client funds in segregated accounts (with top-tier banks) and has amazing programs to secure its clients. The company has complied with the Financial Conduct Authority (FCA) and gained its regulation. For a full comparison, we decided to take a full combination of their fees in all accounts and compare them against the same standard offered in other leading brokers.
MT4 Standard Account:
Traders can access the markets via MetaQuotes Metatrader 4 (also available for Mac) and MT4 Nexgen, which is available for Pro account clients. The demo account is a practice account that comes loaded with virtual funds for practice purposes only. Axi is a reputable online Forex and CFD broker that offers a wide range of trading instruments across multiple asset classes, including currencies, commodities, indices, equities, and others. The broker offers some of the best trading conditions to beginners and experienced traders, as well as high volume traders. There is a great range of more than 70 forex pairs available for trading at Axi. This includes major, minor, and exotic currency pairs with excellent value spreads that start from 0 pips thanks to the extensive liquidity of more than 20 providers that is available to the broker.
Our rigorous data validation process provides our readers with quality data they can trust. Axi has a Trust Score of 81, compared to the industry average of 83, and BrokerNotes.co considers Axi to be Trusted. Remember the risk of trading Forex & CFD – it’s one of the riskiest forms of investment. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.
AxiTrader Fees
But don’t just take our word; customers awarded XTB with multiple awards, and it is well known for its outstanding customer service. For example, every customer has access to dedicated 1 to 1 support for every client and a learning center with tons of resources. If you are a highly experienced and professional trader, the MT 4 Elite account is perfect for you. Thanks to their partnership with Manchester City, you can also win exclusive prizes such as VIP pitch-side experiences and behind-the-scenes tours. Technical analysis, on the other hand, is a discipline that helps traders evaluate investments and identify trading opportunities.
Review of the deposit and withdrawal
For a full list of all of the CFDs on stocks and local indices, check their website Axi.com. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance.
For Neteller clients would need to ensure the account corresponds to the one registered with AxiTrader. Axitrader started as Sydney based brand in 2007, the company expanded its operations into UK and China in 2012 and 2015 respectfully. By 2016 Axitrader has reached over €100bln in monthly volume, mainly from its original markets, as well as Germany, Latin American and Middle-East. The same year Axitrader received a significant investment from the Australian-local private equity firm RGT. For international bank wire transfers, your bank may charge you a receiving fee.
Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section. Axi explains its products and services well, and I believe most traders will not require assistance. Besides competitive trading costs, Axi offers traders the third-party trading analysis platform PsyQuation.
It can help traders improve their performance, which I find an excellent tool. Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature. This account is designed for intermediate forex traders looking to minimise spreads when trading. To keep costs low, AxiTrader does not widen the spread but instead charges a commission of $7USD round trip for each standard lot. Any type of trader would want to be able to trade anywhere and whenever they want.
Is Axi a good broker?
Commodity trading is the buying and selling of raw materials, such as crude oil, wheat, corn, rice, and so on, which are important to the global economy. Crude oil is the most traded energy instrument on this broker’s platform. When you invest in stocks, you pay the total axitrader review price up-front to take some ownership of an asset and can only profit when the price of the stock increases. However, when you trade stock CFDs, you’re simply betting on the price movements, so you have the advantage of profiting from price movements in any direction.
This is through the extremely user-friendly AxiOne trading platform which is connected to more than 20 liquidity providers for the best depth and fastest order execution. A commission of $7 is also applied per lot on a round turn trade if you are using a Pro account. Added to that, the execution speed is typically lightning fast and you don’t have to worry about receiving any requotes. Getting signed up and verified as a first-time Axi member is a relatively simple and straightforward process.
This is only available to their UK and Irish traders though due to regulatory requirements. Again here you will be glad to find there is no minimum deposit needed. Depending on location crypto trading may also only be open to professional traders. The research section with the broker only provides access to an economic calendar and no other insightful research tools like other major brokers. Our research found that AxiTrader offers a full suite of MetaTrader 4, presented in Web, Android, iPhone, and iPad versions.