Axi is a member of the Hong Kong-based Financial Commission, featuring a €20,000 compensation fund. 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 axitrader review conditions. Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds.
The Axitrader MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Axitrader platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Axitrader traders to analyze price movements and make informed trading decisions. Brokerage firms like Axitrader may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms.
- If you become a Master Affiliate, you can make up to $1000 USD CPA per qualified client and 10% commission on Sub-Affiliate profits.
- When you have it open and you spot a potential trading opportunity, you can quickly hit the “view” button and it will open the chart in question.
- This advanced trading functionality comes with built-in charts, price alerts, indicators, and tons of other nifty traits.
- For it’s PRO accounts, the broker charges a $7.00 Round-Turn (RT) commission per standard lot (100k of the asset), for accounts in USD & AUD, and the equivalent in other currencies.
The Axi mobile trading platform is provided through MT4 mobile and is available through iOS, Android, and your tablet devices. Again this mobile platform is easy to use and provides comprehensive access to all markets including powerfully detailed charts and tools so that you miss none of the action even on the move. 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. What you will have to deal with are a few more fees like commissions and overnight fees due to the low spread.
Traders must request withdrawals from the secure client portal, and the name of the Axi account must match the one on the payment processor or bank account. I like the hassle-free withdrawal approach at Axi, as it adds to peace of mind when trading. Axi provides traders with the out-of-the-box MT4 trading platform and upgrades it free of charge with the Autochartist plugin. I like that Axi adds Autochartist, which can assist beginner traders. MT4 is the market leader in algorithmic trading and remains the most versatile trading platform. It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app.
All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds. I can highly recommend Axi, particularly the unit operating out of St. Vincent and the Grenadines, due to it. Between 74-89% of retail investor accounts lose money when trading CFDs. Andrew has a well-established career in fintech and came up with comparebrokers.co to make
trading on financial markets more transparent and accessible. Withdrawing money from Axitrader processing time varies depending on the method but averages 1-5 days.
Limit Risk When Trading with Axitrader Stop Loss, Axitrader Stop Limit Orders
However, this seems to be quite outdated and has not been updated since October in 2018. Lastly, if you think that your trading is impressive then you can always export your trading data and use it to secure external funding from investors. Not only will it analyse your trading history and make suggestions around this but it will also make use of the reams of trading data that it has gathered over the years. This could help you by making suggestions which could significantly improve your trading performance.
Fees & Commissions
Commission fees can vary depending on the type of financial asset being traded and the Axitrader trading account level held by the trader. To better understand the Axitrader trading platform, you can create two separate accounts – one with real money and the other a Axitrader demo account. A Axitrader demo account provides a risk-free environment for experimenting with the Axitrader platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Axitrader trading decisions. After providing basic details, clients need to choose a strong password which will be used to access the live account AxiTrader and the trading platform as well. After choosing the password, traders need to choose the account type.
The risks involved in trading may not be suitable for all investors. ECS doesn’t retain responsibility for any trading losses you might face as a result of using the data hosted on this site. Remember that software’s past performance does not ensure future results and you may lose some or all of your invested capital. Remember the risk of trading Forex & CFD – it’s one of the riskiest forms of investment. Please ensure your method matches your investment objectives, study the risks involved and if necessary seek independent advice. 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.
Although it may not be fully unique, the MT4 NextGen is one of the core strengths of AxiTrader. If you find any of the features appealing to you, reach out to AxiTrader to test the functionality on a demo or a live account. While reviews from non-user generated website are usually more well-structured and in depth, they may also fall short on the objectivity spectrum. Brokers do incentivize many third party-websites to write favourable reviews.
Is Axitrader a con?
Multiple pros and cons have been discussed with comparison from other ASIC-regulated forex brokers in Australia. On the other hand, if you’re looking for a variety of trading platforms and assets such as stocks, ETFs or cryptocurrencies, Axi will definitely fall short to your expectations. 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. On the other hand, when it comes to pretty much any other asset class, they’re well below their competition.
Since AxiTrader is a MetaTrader-only broker, iOS and Android versions of the MT4 app come standard and are both available for download from the Apple iTunes store and Android Play store, respectively. Traders should still be well-equipped to trade with Elite CurrenSea’s Wizz, Camarilla indicators and SWAT or CAMMACD tools. Average spreads may vary as they haven’t been updated since December 2016.
What is the minimum deposit for AxiTrader?
These details will be verified by submitting a soft copy of the documents. Hence, the entered details should be the same as that on the documents. For the negative points, the range of the instrument is narrow and limited to Forex and CFDs.
PsyQuation is being recognised as one of the world’s most advanced trading platforms for retail traders. The platform offers many powerful and unique indicators, quantitative models that are at an institutional grade level and frequently updated trading signals. More recently, the broker has tried to appeal to customers with their offer of some of the lowest spreads on the market. For example, with their pro accounts they are offering traders close to 0 spreads on some of the major forex pairs. AXITrader provides dedicated telephone lines for Australia, the UK and its international clients.
When using AxiTrader’s MetaTrader4 Pro Account, traders can enjoy an ECN-type environment with lower spreads and generally faster execution speeds. At this point it should be highlighted once again that trading CFDs poses a high risk to any retail investor’s capital and most retail investor accounts lose money with margin or CFD trades. In our AxiTrader review we found that AxiTrader’s Standard Account works without any commissions or additional fees. Instead, spreads are being marked up by 1 pip above the inter-bank rates received from AxiTrader’s liquidity providers. You can also make use of some of the other neat features on Zulutrade including an account management suite that is equipped with advanced risk management tools.
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. 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. Another cost you should consider while trading is a Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments.
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Axi Pro account. After extensive research over several years, we have compiled a list of the most effective Axitrader alternatives available today. If you are unsatisfied with Axitrader or want to explore other options, we recommend checking out our carefully curated list of highly-rated Axitrader alternatives. Follow the links below to learn more about these Axitrader broker alternatives and choose the one that best suits your trading needs. While it may be a new skill set for some, it is what the market requires for success.