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

It is possible to lose some or all of your money and investment. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally. We are not liable for losses that resulting from the information provided on our site. The trading tool offers an Order Flow Sentiment Indicator, which can potentially become the best feature for the client.

I was impressed with the additional trading tools for conducting in-depth market analysis, especially Autochartist. You can quickly and easily fund your account with a variety of convenient options to choose from. If you are beginner then you will be happy with the plethora of educational content available at no extra cost. You can also practice trading online with a free demo account or in a live environment with a minimum deposit of just $1.

What is the minimum deposit at Axi?

Having already survived financial crises, Axi is well-placed to navigate potential future economic upheaval. Complete a few questions to verify your understanding of the trading process. We are showing the fees based on a week long $2000 long position on two different indices.

There are three accounts to choose from , with no minimum deposit unless you are using a specific payment gateway. There are offers in terms of getting other traders to sign up, and you will be rewarded via the IB program, affiliate, or referral program. You can check out their live forex rates in terms of spreads here. Remember that some brokers may not charge a commission but will take an amount based on the spread (bid/ask price). This is important to understand, especially when trading popular currency pairs or exotics. AxiTrader’s full registration and compliance stay in Australia, and its UK subsidiary gets authorization by the Financial Conduct Authority.

Axi MT4 forex trading signals

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. As for the types of trading accounts, Axi offers a standard account and a Pro.

However, the company delays this process in any way, promises and provides false information. I demand to provide me with confirmation of sending money , they refuse to do this. Axi is one of the largest Australian Forex brokers operating today. In recent years, the company has changed its brand from AxiTrader, and it is now known as Axi. The only marked disadvantage of this site is that MT4 is the only trading platform offered, which means users don’t have the chance to try out alternative platforms which may suit them better. Ultimately, the most cost-effective for a customer is determined by the amount and level of trading which they wish to complete.

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If you are new to the world of trading and even if you are not considering using Axi as your broker, going through it would benefit you immensely. Remember that due to trading in share CFDs, you have the opportunity to open up a short position . Here is a table of some of the shares available to trade based on company location. Axi.com, if held under this criteria, is quite a reputable broker as three financial commissions regulate it. They are regulated by the U.K.’s Financial Conduct Authority and the Dubai Financial Services Authority .

Similarly, AxiTraders offers a 30% discount for the BeeksFX users through a coupon. It also brings down the high risk of losing money in the initial trades by simulating the outcomes of those forex trades. The global financial authority in Dubai Financial Services Authority also governs the workings of AxiTrader. Being a heavily-regulated broker, AxiTrader is widely considered safe.

Our Broker Review methodology

The fact that these tutorials have been designed in twenty four unique languages makes life much easier for both the professional and newbie traders. Some of the topics covered in the tutorials include, greed and overcoming fear of loss, risk management, charts, support/resistance, technical analysis and what is slippage etc. However, the only area where the broker lacks or is not as efficient as https://forexarena.net/ others in the industry is market analysis. There is no blog or separate section wherein you can find expert reviews, news and updates around forex market or industry. Remember, as a trader, you may want to keep a track of the latest market developments and updates. However, with AxiTrader you won’t have that sort of advantage and you might want to check out other forex brokers in the industry.

AxiTrader may not have the best platform provisions, but they have unique features that make them a good choice to trade with. Axi offers a comprehensive instructional program, which makes it a great alternative for new traders. The third-party PsyQuation trade statistics program is also a useful resource for growing traders. AxiTrader Sample Reversal PatternsPlease be aware that these patterns are only tools. It is not recommended to use as a basis for an offer to buy or sell or the solicitation of an offer to buy or sell any kind of product, whether security, financial, or any type of instrument. Every trader is unique and you should know by yourself which works for you.

Product Details

In other words, PRO account is an equivalent of ECN account. Trading on AxiTrader Standard account, you only need to pay for the spread, which is the difference between the buy and sell price. Please be assured that we are doing our best to resolve this issue. Our Settlement team is currently working on it and will reach out to you again to provide you with an update. A member of our settlement team has sent you proof of payment that you can use to check with your bank.

These questions and concerns are genuine and thus it is important to search for a broker that offers 100% customer satisfaction and support. With AxiTrader, you’ll enjoy excellent customer support and services. Our experts found that their customer support desk is open five days in a week and is adept at resolving issues amicably. Our reviewers also found that the broker does not use funds for any other reasons or purposes other than maintaining margins for traders.

Unfortunately, some countries are marked as high risk or where trading is not permitted, so we cannot open accounts for citizens in those countries.”. Axi doesn’t specify what languages will be supported when dealing with customer support; they only specify that all local languages are covered. This would assume that anyone able to trade with Axi in terms of applicable countries would be able to have customer support representatives available in their local language. One of the last “add-ons” that they give their clients, which can be added to MT4, is Autochartist.

The checks ensure that you are safe and legible for trading. The FCA and ASIC require the broker to ask you for some documents before giving you an account. Through its Australian entity, AxiTrader requires a minimum of $500 deposit for Australian residents to open a standard account. In the British unit, there is no minimum level for either the standard or the PRO.

Axi offers the research tools of the MetaTrader platform, which do not include trading ideas or fundamental data. As a plus, there are other web tools, like a great economic calendar. Axi offers a social trading servicevia Forex Trading Signals on the MT4 platform. Similarly to the web trading platform, Axi provides only a one-step login.A two-step login would be safer.

AxiTrader Customer Support and ServicesThere are dedicated account managers whenever you need a direct point of contact for more personalized service. You can also request a callback by filling up the ‘Request A Call Back’ and an agent from AxiTrader will get in touch with you and assist you with your needs. Axi has support in 6 languages in around 12 countries that are trading with the firm. The live chat has an instant response, which ‘instant’ means that you will receive a response within 10 minutes. However, we always recommend you to do your own research before opening an account with the broker. Axi still caters to a broad range of traders through its FCA regulation in the UK.

The education videos available on the Axi website are of great quality and extremely useful. By covering a wide range of topics, such as ‘FOREX Trading’ and ‘Trading Psychology’, Axi ensures there is a broad base of content for users to view or download. Account Benchmark – Use a variety of data to score your account. Upload documentation to verify your identity and country of residence. This can be either a copy of your passport, driver’s licence or ID card, as well as a recent bank statement or utility bill.

• We’ll take this on board and get back to you as soon as possible.
• AxiCorp Financial Services Pty Ltd, also known by its trading name AxiTrader, is a Forex and CFDs broker based in Australia and founded in 2007.
• Whether you’re just getting started on your trading journey or are already an experienced trader, there’s always something new to discover about the markets.
• However my withdrawal on my commission on bringing clients has been unsuccessful since June!

They offer reliable financial services to clients in more than 180… Trading with Axi will involve fees from $3.50 USD, Spreads from 0.0 Pips, and commission-free trading depending on the account traders select. The minimum deposit amount required to register an Axi live trading account ranges from $0 USD – $25’000 USD. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors.

Founded in 2007, AxiTrader has evolved as a trusted trading platform for large forex and CFD investors. After more than a decade in the market, the trading platform is in business axi review with some of the world’s biggest companies and global brands. Despite the suspension, this review declares no high risk of losing money when trading on the AxiTrader platform.

The ID confirmation process will then have you upload a picture of your driver’s license, photo ID, or book ID. No, it is currently not effectively regulated and you are advised to be aware of its potential risks. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. At the time of writing, the free webinars and seminars were only available on particular pages, although accessibility is expected to increase.