The Standard Account at Axi is designed for beginner and retail traders, providing a straightforward trading experience. Available on MT4, the account offers competitive variable spreads starting from 0.9 pips. Axi offers a range of account types designed to meet the needs of different traders, including Standard, Pro, Premium, and Axi Elite accounts. Each axitrader review account type is tailored to provide flexibility and accommodate various trading styles, ensuring that all traders can find an option that suits their needs. Tier 1 is the official measure of a bank’s financial health and strength.Trading with Axitrader is risky, and because the market is so volatile, losses could happen at any time.
FP Markets Review
The Axitrader MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Axitrader platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Axitrader traders to analyze price movements and make informed trading decisions. Since the brokers are traders themselves, they understand the need to have a great 24-hour service, tight spreads, and fast execution with minimal slippage.
- They give you direct access to the latest market data with multiple liquidity providers (LP’s) from 14 of the world’s largest banks, for live pricing and superior trading conditions.
- The video library and YouTube channel consist of a wealth of trading -related content.
- The customer support is responsive and knowledgeable, which is crucial for my trading strategy.
- They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Axitrader clients’ funds.
The demo account is purely for practice, while the two live accounts have no set minimum deposit. All account types are accessible from mobile devices on both Apple and Windows apps. 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.
The absence of information on average spread costs for the EUR/USD pair indicates a potential area for improvement in transparency. Axi is a commendable option for beginners, thanks to its provision of beginner education videos and the lack of a minimum deposit requirement, making it accessible for new traders starting out. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance.
Mobile Trading
Also, the broker will require Proof of Identity and Proof of Source of Funds before processing withdrawals through international transfers. The broker does not guarantee same-day fund receipt, as processing times depend on the receiving bank’s procedures, and these are beyond Axi’s control. For instance, international transfers may take between 2 to 5 days. Customers also should bear in mind that Axi processes withdrawal requests only on weekdays during standard working hours. An index is a financial product that tracks the performance of an entire market, a market sector, or a specific group of assets. Trading indices is generally considered safer than trading individual stocks since no single company can sharply influence the overall price of the index.
Key Pros
Regular updates ensure the platform stays optimized and secure, delivering a seamless trading experience. Axi offers a web-based trading platform through MT4 WebTrader, providing traders with the convenience of accessing their accounts directly from a web browser without needing to download any software. A Demo Account is also available, allowing new traders to practice and familiarize themselves with the platform and market conditions in a risk-free environment before committing real capital.
AxiTrader’s Trading Conditions
While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.
- On average, the EUR/USD Forex spread for the Standard Account is around 1.2 pips, though it may vary depending on market volatility and liquidity.
- Regular updates ensure the platform stays optimized and secure, delivering a seamless trading experience.
- However, the platform does not provide trade ideas or fundamental reports that could affect certain instruments.
- The MAM is only available to approved and regulated operators of discretionary accounts or managed investment schemes.
The mini manager has the ability to open/manage positions and use complex order types with more efficiency. This can be a handy tool if you are using a strategy that requires quick entries and exits. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Currently, there are no deposit bonuses available with this brokerage.
Our editorial team spends a significant amount of hours on research, but the information is not legal or professional advice. We earn a commission from our featured partners, but commissions do not affect our opinions or evaluations. Any opinions, analyses, reviews, or recommendations expressed are those of the author’s alone and have not been endorsed by any of our network partners.
Axitrader also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go. If you want to trade currency pairs on global Forex markets, Axitrader offer over 100 currency pairs. We aim to provide you with all the information in this Axitrader review you need to determine if Axitrader is the right fit for you.
The Compensation Fund does not cover Australian and New Zealand residents, but they have the added protection of negative balance protection. Hence, a trader from Australia or New Zealand can not lose funds that exceed the amount of money invested with the broker. AxiTrader employs robust security measures, including two-factor authentication (2FA) and segregated client accounts.
AxiTrader is an ASIC regulated forex broker that allows trading on CFD instruments through MT4 trading platform. Check all the pros and cons of Axi in the UK before opening your account at Axi. The broker’s website is easy to navigate and contains up-to-date information about the company and their trading conditions. Axi believes that traditional ECN connections are too slow for today’s traders as the layers of networks, cables, firewalls, and third-party platforms only add latency which costs the trader.
There is a great selection of easy to follow tutorial videos that cover forex trading, stocks, CFDs, market analysis, trading psychology, trading strategies, trading platforms, social trading and more. For retail traders in Australia, Axi offers 2 account types namely Standard and Pro. The third account type is specifically configured for professional traders named Elite account. Overall, we found AxiTrader to be cost-effective compared with several other ASIC-regulated forex and CFD brokers in Australia. The commission with the Pro account is slightly high but the professional account offers the best pricing.
When trading a CFD on Apple, for example, the contract’s value changes in line with the real stock price, yielding profits or losses based on its price fluctuations. Finally, let us compare the average spreads for Axi’s Standard account with those other major brokerages offer on the most actively traded Forex pairs. In this review, we will pay attention to the critical aspects of Axi, which you should consider before deciding whether to trade with this online brokerage. Despite its strengths, Axi has an excellent aggregate score on Trustpilot, achieving 4.4 out of 5 stars based on 4,290 consumer reviews. As many as 74% of all reviewers are satisfied with the broker’s services, assigning 5-star ratings.
CFD trading on Axitrader allows traders to speculate on the price movements of various financial instruments against the broker Axitrader, without actually owning real assets. With CFDs, Axitrader traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset. Below we give an overview of the account types that Axitrader offer. Whatever you are looking to trade, the varying Axitrader account types will be able to provide you with what you need. With Autochartist, Axitrader traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs.
