The global, multi-lingual customer support team at AxiTrader is available to help 24 hours a day, from Mondays to Fridays. The customer support can be reached through live chat, email or via telephone. There are toll-free numbers for AxiTrader in nine different countries. However, the trader needs to fund their account to initiate trading in forex or CFDs.

axitrader broker review

AxiTrader will charge their own spread to this which is +1.25% for a long position and -1.25% for a short position. AxiTrader seems to be fairly transparent with their fees and have a similar fee model to a range of other brokers in the industry. As most traders may know, fees are one of the most important criteria when it comes to choosing a broker. We also want a broker to be transparent with the fees that they charge. Regulation is perhaps one of the most important questions that any trader may have about a broker. We would strongly recommend any trader that is considering using an online CFD broker to confirm their regulatory status.

AxiTrader’s regulated environment is monitored by various jurisdictions and maintains compliance with different trading conditions. Based on the regulatory obligations, AxiTrader moderates its leverage. The broker has market-competitive spreads across a wide range of commodities, currencies, and indices. During liquidity, the spreads fall lowest to 0.0 platform trading pips, and AxiTrader adheres to ensure that the costs stay competitive. Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation Premium tool. This helps users get exclusive educational articles on the market. The AxiTrader website also runs video tutorials and offers eBooks to increase the understanding of trading among users.

How To Trade With Axi?

Finally, we withdrew our funds to determine if the withdrawal process was smooth. All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice forex software before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website. Axi offers a seamless experience, so traders can move between devices without “losing their place” in their trading activities.

axitrader broker review

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

I have traded with them in the past and have lost huge money overnight. They are a big company but they perform worst than I have ever expected. Initially, I liked that the broker had very good spreads. However, withdrawal is really very challenging here. I never had a good experience and I’ve got no reason to recommend and keep this broker service. This is the only thing I do not like about them. AxiTrader initially leaves a strong impression, but the deeper you dig the more disappointments you find.

Professional and non-EU clients are not covered with any negative balance protection. Axi clients are provided a lifetime access of PsyQuotetiuon Premium. PsyQuotation is a AI driven analystics platform to help you discover strategies that would work on MT4.

Axitrader Commission Fees

In addition to bank transfer, you can use credit/debit cards, broker-to-broker transfer and several electronic wallets, as detailed in the table below. Axi’s base currency selection is great compared to competing brokers. In this review, we have tested the individual Pro account. As such, Axi is considered safe because it is regulated by several top-tier authorities.

axitrader broker review

The MT4 Multi-Account Manager lets AxiTrader clients manage as many accounts as they want from a single trade terminal. This MAM integrated software tool allows you to use a master account and execute block trades on all accounts. That ability results in the option of placing larger orders in bulk to unlimited accounts and with speed. The session map is interactive and displays the opening and closing times around the world markets. There is also a convenient mini-manager, so you can enter or exit trades faster. It also lets you easily and quickly apply more complex order types. MT4 NexGen also includes the ability to import news feeds or to follow traders via social networks.

USD/CAD and GBP/USD major pairs have average spreads of 1.2 pips. We calculated the spreads for the Standard account type. The leverage and margin compared with other popular brokers are different.

Axitrader Regulations

At the same time, on the territory of the post-Soviet space, the broker is still little known in the trading environment. Some users note that the company axitrader broker review is not very well grounded for the local market. However, it can be noted that a number of serious accusations against AxiTrader are misplaced.

Aside from ignoring my messages, they even don’t answer phone calls. Slow withdrawals, poor services, and unprofitable signals. Get the latest economy news, trading news, and Forex news on Finance Brokerage.

  • Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
  • FxScouts follows a strict editorial standard in our review process.
  • The company is open about its policy on slippages and warns its clients on both positive as well as negative slippage.
  • The trading platforms offered by Axi are all from MetaQuotes.
  • This is one the most widely used external trading software currently on the market.
  • For those traders who prefer to watch videos for guidance, AxiTrader has included a host of video tutorials on demand.

The trader does not have ownership in both the instruments, as they only speculate the changes in the prices to benefit from it. The mechanism is similar to forex exchange; the trader purchases the CFDs when they speculate a rise in the prices and sell it when they expect a fall. The trader also needs to figure out additional order information such as rollover fees when the position gets to hold for more extended periods.

Mt4 Trading Signals

Trading Resources – This is a set of tools for new as well as seasoned traders. They include futures CFD rollover dates, market holidays, dividend forecast schedule, and FX economic calendar. Spread Betting – This is a type of financial betting, which requires investors to choose an instrument such as CFDs, indices, and forex and speculate on the price movement. If you live in the UK, you don’t have to pay any tax on your spread betting profits. You can open a spread betting account to place spread bets and enjoy tax free profits. Apply leverage to maximize your profits, but understand that you also increase your risk for loss. Any information or advice contained on this website is general in nature only and does not constitute personal or investment advice.

The market watch provides all the offerings of AxiTrader. It includes currency exchange, indices, and commodities. One can choose to enter into market execution, which opens a trading position at the current prices.

It also allows you to code your own bots or “EA” in order to automate your trading. Surprisingly, you are not charged any fees for a deposit / withdrawal at Axi. So, irrespective of your funding method they will not charge a broker fee to it. However, leverage levels will vary a great deal depending on the type of account that you have as well as the instruments that you are trading. In order for you to get a good idea of the kind of leverage levels that you can trade with you will have to take a look at the product schedule. Below is the Initial Margin rate and leverage tables at AxiTrader.

axitrader broker review

After you download the MT4 mobile trading platform, you have to access the Axi-Live server. We know it’s hard to compare trading fees for forex brokers. So how what kind of brokers are there did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

In the table below, you can see the minimum leverage, maximum leverage, margin call, and stop-out level. The Standard account is suited mostly for beginners as you can also trade without commission, but the commission will be included in the spreads. AxiTrader offers its services to more than 40,000 traders in over 100 countries.

A Great Start Of My Trading Journey With Axi

Past performance is not indicative of future results. The Next Generation of MT4, or what Axi calls ‘Axi MT4 NexGen’ is an advanced MT4 platform that embodies advanced management tools. It has enhanced ordering and sentiment trading. This platform is more developed, with more features to enjoy for professional traders. With this platform, you can gain insights into live market trends by viewing how others are trading using its sentiment indicator.

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