AxiTrader Review 2020: CFD trading, low fees, high leverages
Nevertheless, AxiTrader mobile traders can also use the MT4 AxiTrader apps on their smartphones or tablets by downloading the Android and iOS apps directly from their web store. Platform performance is as expected, and traders should feel comfortable with the speed of execution and latency offered by the AxiTrader MT4 platform. The Standard account is a market maker account, which makes it susceptible to requotes; however, the Pro account is connected through an ECN Bridge that removes requotes at the expense of slippage. Yes, Axi offers a host of trading accounts, including the commission-free standard account, the professional Pro account, and an Elite account with a deposit limit. If you prefer trading in Forex and multi-asset CFDs, AxiTrader is the right broker for you.
- The latter is available for download on the AxiTrader platform and is available for both Windows and Mac machines.
- These include English, Spanish, Russian, Arabic, Chinese, Thai, Vietnamese, and more.
- It is important to note that Axitrader may request additional documents or information to verify your identity or comply with regulations.
- The connection time was under a minute and account managers were professional, able to quickly answer both generic and more advanced questions.
- The research section with the broker only provides access to an economic calendar and no other insightful research tools like other major brokers.
This site was created for people interested in learning digital options, cryptocurrencies, Forex, CFD, ETF, OTN, and ICO and, of course, how not to fall for the bait of unscrupulous trading platforms. Here you can find a lot of useful information about brokers, strategies, and the latest news from the world of online investment possibilities and many other interesting topics. But then, you need not pay any commission to run the standard account, but the elite and pro accounts need $3.50 and $7 for each trade. The CFD or Forex financing or margin rates vary depending on the share, commodity, or cryptocurrency you plan to trade. In case you do not wish to put your hard-earned money at risk before learning the trading ropes, AxiTrader even lets you open a demo account.
Is the Axitrader Trading Platform Secure?
It’s a valuable tool for practice, but traders should be aware of the distinctions between demo and live trading. All the available account types at AxiTrader https://forex-review.net/axitrader-review-scam-or-legit/ can be opened with GBP as the base currency along with USD, EUR, and AUD. To make life easier for the traders, Axi doesn’t charge any withdrawal fee.
Social trading on AxiTrader
AxiTrader offers local phone support in the UK with GBP as the base account currency. No commission or currency conversion fee will be applicable to UK clients at AxiTrader. AxiTrader is an FCA regulated forex broker that allows trading on CFD instruments through MT4 trading platform.
Customers can also set up a demo account to test Axi’s trading environment and their offering before entering the markets with real money. Trading strategies and trading tools can also be tested freely on a demo account. In our broker review we also tested AxiTrader’s offer, trading environment, financial instruments and the customer service offered with both demo, as well as live trading https://forex-review.net/ accounts. With several trading platforms to choose from, many traders opt to try the AXI demo account first. This is available on all account types and trading platforms the broker offers, so it is an ideal starting point to help identify the best trading platform choice for your needs. AXITrader only offers traders two account types which include the standard account and the pro.
How to Open Axi Account in Australia?
This policy is bolstered by the availability of ICF insurance for traders in the UK. 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. Meaning that their platform is provided by the company known as MetaQuotes Inc. Axi (AxiTrader)’s asset offering is clearly designed for high net worth forex traders. With over 140+ currency pairs and their killer Pro and Elite account offerings, they definitely become an attractive choice for seasoned currency traders.
Therefore, Axitrader leverage magnifies both profits and losses in trading. The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Axitrader traders can navigate the platform and find the information they need to make informed trading decisions. Autochartist on the Axitrader platform is a powerful tool designed to help traders find trading opportunities quickly and easily. It’s important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn’t allow automated trading scripts such as Expert Advisors. This is helpful for traders to manage their risk around potentially market moving news.
The trading world is a passionate and growing industry where the trading volume is constantly on the rise. Just a sample, cryptos have been traded 61% more compared to last year. As a global market leader, AxiCorp, and therefore also AxiTrader, takes security very seriously.
Technical language and terminology can be confusing with brokers like Axitrader. Choosing or shortlisting a trading platform like Axitrader can be time consuming. Choosing a trading platform requires a significant amount of research and analysis.
Withdrawal Fees
One of the primary considerations when evaluating a broker, such as Axitrader, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Trading online with Axitrader requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the Axitrader trading tools and features. That’s why we’ve compiled this detailed Axitrader review with some important information that will hopefully make you more informed when online trading with Axitrader. We aim to provide you with all the information in this Axitrader review you need to determine if Axitrader is the right fit for you.
Check all the pros and cons of Axi in the UK before opening your account at Axi. The standard account had no commission and spreads start at 0.4 pips. The pro account has a $7 round trip (USD) commission, and spreads from 0.0 pips. In terms of educational material and trading resources Axitrader offers a selection of free webinars, video tutorials and eBooks as well as a standard economic calendar. No fees or extra charges apply when utilising these tools and resources.
The first step is the provide the basic details like name, phone number, and email address. The only non-trading fee at AxiTrader is the inactivity fee which is a monthly charge incurred from inactive accounts. If no trades are executed for 12 consecutive months, AxiTrader will incur a monthly inactivity fee of 10 units of the base account currency.
Is Axitrader Global?
When your recommendations make trades, you are paid through the Axitrader referral program. Brokers may occasionally pretend that your withdrawal has been approved before placing the money back in an effort to induce you to trade and reverse the withdrawal. Investing in leveraged products has a significant amount of risk, so consulting a professional is a must. The 1,305 reviews for AxiTrader speak for themselves; they have a 4-star rating as a broker on Trustpilot. 88% of the evaluations are favorable, while only 12% are unfavorable, with the majority of these reviews focusing on software and withdrawal concerns.
No, IC Markets is licensed and regulated by the Australian Securities and Investments Commission (ASIC), who are recognized as one of the toughest regulators in the financial services industry worldwide. AxiTrader has also partnered with Beeks FX and offers a discounted rate for Beeks FX VPS hosting. Trading with Beeks FX VPS ensures rapid trade execution, a stable environment and high accessibility.