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

axitrader scam

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. Good to note, that not all MT4 platforms are created equal, as the broker may invest in a co-located server and fiber optics, in order to process more accurate trading or not. AxiTrader Leverage as a regulated broker in various jurisdictions complies to provide different trading conditions according to regulatory obligations set. 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. Axi offers dynamic spreads in all their accounts (meaning that they constantly change) yet they do adjust their base offer depending on the account type a trader opens.

axitrader scam

What you will need to open an account with Axitrader

This honor came from the Asia-Pacific Financial Investment Association. In 2016, AxiCorp reported a monthly client trading volume equal to $100 billion, making it one of the Top 10 Global FX providers. AxiTrader also offers an extensive Education section on its website with the information beginners need. You will find sections dedicated to the basics of each Forex and CFDs.

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  1. Axi cater for all levels of traders with their leading trading technology being advanced enough for the more experienced traders whilst being simple enough to use for the less experienced.
  2. Licensed in the UK, the brokerage peddles an outstanding selection of complementary services, such as no fewer than three VPS solutions, a trading academy, Autochartist and PsyQuotation.
  3. Financial regulation and licensing are crucial for creating a secure trading environment for Axitrader traders.
  4. Those who are still using an AxiTrader demo account get a limited version with a five-candlestick delay.

For example, “Zuluguard” is a risk management tool that will protect you from extreme volatility. Once you have created an account at Duplitrade these signals will be sent directly to your Axi trading account in the MT4 interface. It will also give you tools in order to better analyse the returns of the other traders on the platform. This is actually quite an impressive list of services that range from trade copying software to social trading and trade analytics software. Some of these services are also well known to more professional traders. There are two types of live accounts and these are the standard and the pro accounts.

The Elite account

For example, with their pro accounts they are offering traders close to 0 spreads on some of the major forex pairs. This is a high-risk investment and you should not expect to be protected if something goes wrong. As part of our Axitrader review, we review customer axitrader review service options, response times and problem resolution effectiveness on the Axitrader trading platform. The Axitrader trading platform supports multiple languages, which includes English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic.

How long do Axitrader withdrawals take?

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere. MT4 is a platform available with Axitrader, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Axitrader terms and conditions.

Financial regulation and licensing are crucial for creating a secure trading environment for Axitrader traders. Cards and e-wallets deposits are credited instantly while it can take 1 to 3 business days for bank transfer deposits to be credited to your account. Although the broker recommends a minimum deposit of $200 to enable you to open larger trade sizes, you can deposit less than this amount. There mandatory minimum deposit on Axi is US$5 for cards and e-wallets, while bank transfers have no mandatory minimum deposit amount. To get a swap-free Islamic Account on Axi, first, create a standard account then contact the Axi Client Service (custom support) team to convert your account to a swap-free status.

Below shows some of the key players at Axi who have one of the most experienced teams worldwide. Although their tradable instruments are limited to Forex and CFDs, they offer many trading options across financial markets such as cryptocurrency, currency pairs, and commodities. However, due to differences in local financial laws, the services they offer differ based on location. Ensure you do your research to find out the services that AxiTrader offers to traders from your country of residence. The short answer is Yes, Axi’s Pro account offers ECN-style tight spreads.

We aim to help you find the best broker according to your own needs. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.

Through it, the entirety of AxiTrader’s asset selection can be accessed. Charting is as advanced as anything the full MT4 platform can offer in this regard. Interestingly, none of the two account types require a minimum deposit. Moreover, clients of UK brokers are covered by the Financial Services Compensation Scheme (FSCS) coverage. In the event of company insolvency, FSCS is able to pay compensation up to a maximum of £50,000 per person per regulated entity. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset.

axitrader scam

All withdrawal requests must be made to an account in the same name as your Axi account. You may need to provide information such as Proof of Identity and Proof of Source of Funds for some types of withdrawals. Axi Select has become my preferred prop service due to its unparalleled access to substantial capital. This access allows me to explore diverse trading opportunities, scale my strategies, and venture into new markets.

XTB also provide this service if you are a looking to buy and sell cryptocurrencies. When you trade indices with Axi you trade on the performance and price movements of stocks without actually purchasing physical ownership of an asset. Index trading is popular mainly due to the diversity they offer and flexible leverage. Enjoy daily access to exclusive expert insights, trend analysis and views on the latest market news, all designed to help build your knowledge and improve your trading skills. Whether you’re learning the fundamentals of Forex, discovering different strategies or looking for expert trading tips, the eBook series can help to improve your knowledge of the markets.

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