AxiTrader Review 2023 Updated :Is Axi Trustworthy and Legit?

After more than a decade in the market, the trading platform is in business with some of the world’s biggest companies and global brands. The leverage on known financial instruments multiplies on AxiTrader, just like every other brokerage. The initial capital of trading with AxiTrader can be leveraged to amplify the potential gains smartly. It is important to note that high leverage has an inverse effect as well, where it could work in reverse of the trade.

• Similarly to the web trading platform, Axi provides only a one-step login.A two-step login would be safer.
• I like the hassle-free withdrawal approach at Axi, as it adds to peace of mind when trading.
• During liquidity, the spreads fall lowest to 0.0 pips, and AxiTrader adheres to ensure that the costs stay competitive.
• Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section.
• To ensure our clients can trade with complete trust and transparency, we operate under full regulation of some of the world’s most reputable licensing authorities.

Additionally, the spreads of all Axi’s account types are competitive in the industry. Therefore, its clients are satisfied with a simple and transparent trading environment. People of any experience level can get an accessible customer support team from it. Moreover, this broker offers deep leverage options and the ability to use some useful third-party trading applications. Our experts find AxiTrader a reliable broker since it’s regulated by good regulations from top-tier FCA and ASIC. AxiTrader provides a range of trading platforms, and various funding methods, with average spreads and excellent customer support.

What are the trading conditions on AxiTrader?

Clients can monitor their margin requirements and the margin ratio within the MT4 trading application. This information is made available by AxiTrader to explain how client money is handled. The purpose is to provide clients with an insight into how client money is segregated and may be utilised by AxiTrader so that clients are better informed to assess the safety of their funds.

It is especially popular for its automated trading bots, a.k.a. Expert Advisors. Spreads and commissions vary depending on what kinds of trading accounts you are holding. The minimum spreads in the Standard account start from 0.4 pips, and 0 pips in the Pro account, with a commission of $7 per lot. The Elite account offers the minimum spreads from 0 pips, with a commission of $3.50 round trip. Tradeview also offers a free live demo account where users can trade across MT4, MT5, cTrader and CurreneX platforms.

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Benchmark 3: Counterparty risk (Hedging)

Therefore, I consider it pointless, as traders use demo accounts to test applications and trading strategies, which requires significantly more than 30 days. Traders have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.4 pips, carries costs roughly three times above that and beyond. It is an expensive account, and I recommend traders opt for the Pro alternative. The commission of $7.00 per round lot remains competitive, and spreads start as low as 0.0 pips, an ideal combination for algorithmic traders and scalpers.

Check out the current account balance requirements at Axi in our What is the minimum account balance at Axi article. You can use a demo account, watch high-quality videos and read great ebooks. The stock index, commodity, crypto and stock CFD selection is average, although it is constantly expanding. Meanwhile, other products, such as stocks, ETFs and bond CFDs are not available.

AxiTrader’s Overall Ranking is 7.9 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers. 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. After the successful operation during the first years, the broker has been ranked among the most trusted Australia’s Forex brokers with the strongest brand association.

A colour copy of your national ID, state-issued ID, passport, driving license, or other official identity documents. Always check the pre-set levels of leverage on forex and CFDs, as it is usually high. 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.

What our customers say

Most of the trading conditions are simulated in live markets; therefore, the demo account should be able to offer a good indication of how an AXITrader account performs in a live market scenario. Although the company offers tight spreads, there can be differences between the demo and real accounts. I like the trading experience at Axi as the Pro account offers raw spreads from 0.0 pips for a commission of $7.00 per round lot. I also appreciate the swap rates, which accurately reflect the global interest rate environment, free of excessive broker mark-ups, as evident at many brokers. While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs.

Since over-the-counter derivatives carry significant risks traders should be assured they’re dealing with a transparent provider, which can be provided only by the regulated broker. Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

If you register with this broker, be prepared never to get any extra trading bonuses. Bonuses are important to traders, but they still put security over the bonus policy which means that this reliable broker can probably get away with this shortage. The company guarantees to offer no re-quotes, which induces slippage.

Efficiency Of AXITrader Platforms & Promotions

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. https://forexbroker-listing.com/ Axi also provided the MT4 MAM module for account management. While Axi has three well-regulated subsidiaries, most international traders will deal with the unregulated unit operating from St. Vincent and the Grenadines.

I have been in this country for 5+ years, and know first-hand what a tight ship they run. AxiTrader hosts an education section with resources aimed at helping people understand trading, the structure of the markets, how to use technology platforms and similar guides and tutorials. 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. It is a great app that has many indicators and tools that are available on the desktop version.

AxiCorp

You can choose from many account base currencies, which can save you conversion costs. Traders can also take advantage of the AXITrader demo account, which offers unlimited access to the market. AXITrader does offer an unlimited demo account that does not have an expiry, and can be operated with a virtual $10,000 balance.

The AxiTrader subsidiary that is regulated and authorized in St. Vincent and the Grenadines is the one that is supposed to be for international clients. In our AxiTrader reviews, we make a point of checking the claims made by brokers. Here is a screenshot of the Axi MT4 Pro trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority and by the Australian Securities & Investments Commission.

The best part about this broker is that you can CHANGE LEVERAGE when you want to. This useful feature allows you to have a firm handle on how much you want to risk and how much you stand to lose. However, they provide instruments in forex, stock indices, and crypto CFDs. To get a clear look that contains everything that you need to know, we have to look at the details of how much you would have to pay if you were trading. However, their license was suspended over some issues, and the broker appealed. They continue to operate, pending a resolution for this case.

We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country. There is a significant focus on market news and analysis, with tailored content delivered daily and weekly via email and social media channels. The company also administers a client-only Facebook group, The Trading Circle, which is aimed at promoting constructive conversation and fostering a supportive trading community. Trading on AxiTrader PRO account, you will receive a reduced spread and a commission charge will occur based on the base currency of your trading account and the size of your trade. Hi Tony, thank you for taking the time to leave us a review.

There are some system requirements for using the MT4 platform. Below you’ll find a table with the minimum and recommended system requirements to install and run MT4 on your computer. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead.

We will look at the leverage, commission, and spreads that you will find when trading with AxiTrader. Axi offers Forex traders a well-regulated, trustworthy, and competitive trading environment. Some industry publications place it among the Top 10 Forex brokers by trading volume. The Axi blog also features high-quality educational articles, and I can only recommend that traders of all levels take a look, as there is plenty of thought-provoking content. Five eBooks are also available free of charge, but Axi asks for a name, country, phone number, and e-mail address.

On tradeview, the average spread for the EUR/USD currency pair is From 0 PIPS pips, while on axitrader the spread is from 0.0. Axi processes withdrawal requests within one to two hours, ensuring traders get swift access to their capital without complications. There are no internal fees, but third-party processor costs apply.

Also, the quantity of news differ from language to language – for example, news in Spanish only seems to be updated once a month. However, the news section lacks charts and other visual elements. Changing the leverage is a very useful feature when you want to lower the risk of your trade. We think this is something you should be in control of.Be careful with forex and CFD trading, as the preset leverage levels may be too high.

The trader’s decision to open a buy or sell order depends on it. This is especially important for scalpers, to whom AxiTrader provides the opportunity to conclude short-term deals. In conclusion of this AxiTrader review, we’d say that the company is quite solid in its offering, one of the best to be sure. Despite the slight controversy at the beginning about an offshore license, the broker’s reputation and quality seem to be emulated in several opinions floating around the web as well.