Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible. Throughout our comprehensive Axitrader review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality. However, remember that you won’t be able to make trades on Axitrader until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the Axitrader KYC compliance process as soon as possible to avoid any delays in accessing the Axitrader platform’s features. Explore the Axitrader platform and train yourself to think systematically and logically about the markets. The next step involves submitting identification documents for Axitrader account validation and making a deposit.
What is the minimum deposit required to open an account with AxiTrader?
Beginner traders have access to a well-presented educational portal, and I think Axi Select is a real game-changer in the industry. I also like the seamless withdrawal process at Axi, while Autochartist offers a much-needed plug-in for the MT4 trading platform. Overall, I can confidently rank Axi as one of the best Forex brokers operational today.
Demo Account
I think it is great that they enable you to learn as much as possible. This shows me that they are a broker who wants to encourage informed trading decisions. The multi-account manager (MAM) is a built-in trading tool that allows you to conveniently control multiple accounts from one trading terminal. It can execute multiple blocks of orders on all accounts that are operating under a master account with 6 allocation methods and all order types accepted. The MAM is only available to approved and regulated operators of discretionary accounts or managed investment schemes.
Commissions & Fees
The deposits as well as withdrawals are free of any additional commission and do not have any lower limits. Clients residing in Australia can deposit and withdraw at AxiTrader through Debit/credit cards, e-wallets, bank transfers, and cryptocurrencies. However, those who wish to trade with high leverage with no protection can choose SVGFSA but this is very risky. Traders can also choose the account currency in this step between AUD, GBP, CHF, EUR, PLN, and USD. Clients residing in Australia can choose to open an account and get registered under 2 regulatory authorities. Traders must always choose ASIC as this will grant them protection under ASIC regulation.
Axi Account Types
- The bulk of Axi research has been outsourced to Autochartist and PsyQuation Premium.
- We reached out via the live chat function and the second agency gave us the correct reason why our Neteller withdrawals were cancelled.
- If you have further questions, you can contact your account manager who will be happy to help.
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. On the Pro account, on the other hand, the broker charges a commission of $3.50 per lot per side ($7 round trip). After filling in the account creation forms and uploading the relevant documents, you will have to wait until the broker verifies your account. When your trading account is verified, you can fund it using any of the payment methods available on the broker’s website. The website is encrypted to ensure the safety of your personal information.
The broker offers the industry-standard MT4, along with good trading tools and Copy Trading features, catering to various trader preferences. Additionally, Axi provides access to popular trading instruments, offering traders ample opportunities for portfolio diversification. Axi is widely regarded as a reliable broker, known for its consistency and transparency in trading services.
These include the ability to set stop losses, trailing stops, and take profits which can help manage your current positions. To further enhance your protection, segregated accounts are always used. This means that if the broker ever ran into bankruptcy or insolvency, your money would always be safe. This policy is bolstered by the availability of ICF insurance for traders in the UK.
Leverage
For someone who doesn’t know anything about trading this was a great review. I regret to tell you that the 3 brokers article you are referring to was replaced by the article in this page. If so, as a student of the udemy course I would be very interested in hearing your 2 & 3 listed brokers. I just want to inform that this weekend the spreads become 212 points again. Hi John, haven’t worked with MFX – and unfortunately cannot comment from experience.
The price for making the wrong choice can be very high –as high, in fact, as losing your whole initial balance. Keep in axitrader review mind that although they do not charge any funding fees, there may be some third-party fees when using certain payment methods. Bank transfers may take a few business days to clear whereas card payments and e-Wallets can be instant. Known as a “cryptocurrency”, Bitcoin is a form of digital currency. Since it was created in 2009 it has become an increasingly widely accepted form of international currency, used by everyone from governments to small retail outlets.
First, you need to complete the application by filling up the form. Second, in order to help protect your account, Axitrader requires verification in the form of sending an ID to confirm your identity. Third and last, fund your account with any amount you want, as Axi does not require any minimum deposit, and you can go ahead and start trading. Technical analysis, on the other hand, is a discipline that helps traders evaluate investments and identify trading opportunities. It gives traders the power to analyze statistical trends gathered from trading activity, such as volume and price movement.
From the high performance MT4 terminal you can access Axi’s full selection of trading instruments. You simply download and install MT4 for PC or Mac and login to your account to start trading. MT4 has a user friendly interface with a range of benefits and features including technical indicators for analysing charts, automated trading, one click trading, flexible charts & tools. An advantage of the Axi MT4 is that they have invested in co-located servers and fibre optics for faster trading. 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.
Follow the links below to learn more about these Axitrader broker alternatives and choose the one that best suits your trading needs. Although we found some very useful aspects of the Axitrader platform that would be useful to some traders. Experienced Axitrader traders can trade high risk CFD trades to hedge items in their portfolio. On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease.
- Another highlight from Axi is that, in October 2024, they launched MT5, with plans to launch MT5 globally within a few months, becoming even more competitive with their offerings.
- Spreads are very competitive, especially on major pairs, and execution is fast.
- The Axi Trading App enables users to manage accounts, monitor markets, and execute trades with ease.
- It obtains its revenue from spreads in its standard accounts and commissions charged in its pro accounts.
- Step 6) Upload verification documents like an ID Card to verify your identity and a utility bill or bank statements for your address.
Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. While Axi provides a functional trading experience through MetaTrader 4, its overall platform and tool offerings are average. This may affect traders looking for high-end analytical tools and integrated trading features.
AxiTrader Review
These fees are charged on basically every asset at the broker since they are dealing in CFDs and the fee is charged at the closing hour of the market. The only cases where a fee might be applied is if you incur a fee from your own bank for a wire transfer, or you incur a conversion fee if your deposit method does not match your base currency. For example, if you gave two accounts, one with a $500 balance, and the other with a $200, then your balance can go to -$500 on the other account since you have enough to cover it. Of course, the balance in the covering account will be deducted to reflect this as appropriate. Overall then, Axi is a top choice for algo-trading with many supportive features and an excellent environment to carry out your trades.
The broker offers video tutorials, covering various trading topics, including an in-depth guide on using the MT4 platform effectively. Axi provides access to over 220 trading products, catering to diverse trading preferences and strategies. The platform supports trading CFDs on Forex, Commodities, Indices, Shares, IPOs, and Cryptocurrencies, enabling traders to explore opportunities across multiple asset classes. This app is ideal for traders looking to diversify their approach or learn from seasoned professionals without actively managing every trade. Axi does not provide the MT5 platform, instead, it offers the MT4 platform, available on both desktop and web.