You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The UK Axi operation is regulated by the FCA, with clients protected by the Financial Services Compensation Scheme up to £85,000. Both the FCA and ASIC are highly regarded financial regulators, which means that traders can trust the integrity of the AxiTrader group. Predominantly a MetaTrader broker, and rebranding from ‘AxiTrader’ – Axi now specializes in trading forex, cryptocurrencies, indices, metals and commodities. The brand has a mixed client base, with opportunities for less experienced investors, as well as institutional traders.
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Learn new CFD trading strategies from the professionals by choosing to follow and copy the portfolios of your favourite traders. You can also open a subaccount, using one account for copy trading and another for original trades. AXi Explorer ensures that every campaign benefits from full transparency into its specific axi review performance across all channels. This level of reporting transparency highlights AUDIENCEX’s commitment to driving superior engagement and cost efficiency for all clients. So it’s been just about 3 weeks since I’ve made the claim of £500 leaving my account without me doing a withdrawal or placing any trades.
Avoid this woeful company
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money. Axi (AxiTrader)’s asset offering is clearly designed for high net worth forex traders. With over 140+ currency pairs and their killer Pro and Elite account offerings, they definitely become an attractive choice for seasoned currency traders. On the other hand, when it comes to pretty much any other asset class, they’re well below their competition.
Great Support expirience
Axi provides traders with 50 currency pairs, six cryptocurrency pairs, 20 commodities, and 31 index CFDs. Equity CFDs are notably missing, which is a negative in my book as I trade them, but Forex traders have a good selection. On the other hand, if you’re looking for a variety of trading platforms and assets such as stocks, ETFs or cryptocurrencies, Axi will definitely fall short to your expectations. 74-89% of retail investor accounts lose money when trading CFDs.
Just hope Axi can improve the charting to be able to see the high/low readings of individual candle bar. A CFD is a contract between traders where the buyer pays the seller the difference between the current asset value and the value of the asset when the contract closes. I like, but is not possible to contact with you via the Chat in your web.
- In addition to being interest-free, this account type is also swap-free and features customer service and high trust and regulation.
- Traders can get the advantages of Bitcoin’s high volatility without the need for a digital wallet, no requirement to purchase physical Bitcoins and without the risk of digital currency theft.
- Additionally, the platform uses cutting-edge security protocols, such as two-step authentication and SSL online encryption, to shield its clients’ private information from unauthorized access.
- If you exceed this monthly Fee Free Limit, they do reserve the right to pass on your Neteller and Credit card transaction fees.
- For instance, Axi charges a commission of $3.50 per standard trade lot (which makes a $7 round-trip charge).
The support team very responsive and helpful
Other available services on this account type include steady trading news, analytics, and instant execution of trades. Hedging (both partial and full) and scalping are among the supported strategies. Axi offers traders a free demo account to practice trading without risking any real funds. The account operates from the MT4 platform and comes https://forexarena.net/ with $50,000 worth of virtual funds, access to real-time spreads, and a complete replica of the live market. The demo account typically has a 30-day expiry date, though users can potentially request an extension. 70+ forex pairs are available on the Axi forex trading platform, ranging from major to minor and exotic currency pairs.
Spreads on the Axi trading platform are generally quite competitive and affordable, beginning from 0.0 pips. However, they can vary sharply from asset to asset, as you will see from the table below. Now, let’s begin our more detailed review of the Axi trading broker and its facets. With Axi’s MT4 video lessons for beginners, you can learn how to utilise the world’s most popular trading platform.
In addition, custom indicators can be added and the MQL4 programming language ensures that traders can develop and test automated investing strategies. The Myfxbook third-party application also integrates with MT4 to offer clients automated trading capabilities. The MT4 mobile platform allows you to seamlessly connect your mobile device to the trading platform. You can view real-time pricing, place & manage trades, view account history, monitor positions, customise charts, set alerts and more.
For example, for a JPY account, the fee is ¥1000, while a USD account will be charged $10. Axi is a global and multi-regulated forex broker with Headquarters in Australia. In this review, we will discuss the company’s fees, investment safety measures, regulations, verification process, spreads, leverage, deposit & withdrawal options, and how to open an account with Axi.
You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. Autochartist provides the bulk of research content at Axi, but the Axi blog also features a weekly market review. It is well written and features charts with easy-to-understand trading ideas.
While the videos in each are short, they introduce each topic to new traders. I think beginner traders can start there and then research more online. Overall, I find the educational section at Axi comprehensive and of good quality. Traders have access to two account types, the commission-free Standard and the commission-based Pro.
Overall, Axi are one of the most impressive brokers I have come across. They standout in so many areas, especially when it comes to market analysis, education and customer support. I find them to be a reliable broker and like that I can get easy access to trade the markets on user-friendly platforms and apps. However, I would like to see them add the MetaTrader 5 platform.
You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. The Copy Trading app is the only proprietary trading platform Axi offers. The sign-up process is pretty straightforward and the website is very easy to navigate. Finally, the Axi trading platform allows traders to secure their funds by using the stop-loss function. The Axi platform doesn’t exactly excel in social media outreach, as the only customer service outlet on social media is on Whatsapp. And though phone, email, and social media customer support are available 24hrs, they are not available on weekends.
Axi offers a mobile experience on MT4, which you can access on any mobile platform. To access the live market, you have to open an account on Axi by following the steps we have outlined in the Desktop platform section. You can then use the login you obtain to access the live market on MT4. Opening a trading account with the Axi trading platform is a reasonably straightforward process involving steps we will now outline.
The top 10 largest and most valuable companies in the world by market capitalization, number of employees, revenue, earnings, and assets. Excellent technical assistance after a lapse on their behalf due to not informing me about accounts and separate passwords. They take the trouble to advise you on security and other matters. These are the charges for holding a leveraged position for more than a day. These charges may range from 1.7% for the EUR/USD forex pair to 3.4% for stocks like the Vodafone CFD. However, it might not do so indefinitely, and you won’t necessarily find every type of asset – at least not in the near future.
