Axi Review & Rating 2023 » Is Axi Reliable & Secure or Scam?
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What is the minimum deposit for AxiTrader?
To give you a brief summary: Axi (previously known as AxiTrader) is an Australian forex broker, regulated by top-tier authorities such as the UK's FCA and Australia's ASIC. THE ESSENCE: The minimum deposit at Axi is $0.
However they may take as many as five days or even more for processing withdrawal requests. Also, you won’t have to worry about the security of your funds as the broker does an excellent job of transferring trading funds safely and securely. Aside to the above tools, the trader has yet another amazing feature for its clients, which is better known as the iMyfxbook Autotrade feature. This innovative and exciting feature essentially allows traders to copy trades of other successful or expert traders and place profitable trades. On the other hand, professional traders can also permit other traders to copy their transactions and positions and get paid as much as half a pip for every lot traded by them. This, without doubt, is a great option for traders who want to earn quick, consistent and huge profits through forex and commodity trading.
AxiTrader Deposits & Withdrawals Services
Forex fees at Axi are low.For Pro accounts, there’s a commission of $3.50 per trade and a low spread cost. Axi has low forex and CFD fees, and deposits and withdrawals are free of charge. I was very satisfied with Axi, especially when trading in XAUUSD , Axi is the best with the Standard account type, I can trade XAUUSD without commission fee but with tight spreads compare than others. The execution was fast and no requote but the most important the withdraw was safe and fast enough. I’ve generally had a good experience trading with Axi for the past year until yesterday when out of the blue I get an email saying my account equity is too low and my trades have been stopped out. That makes no sense because it’s on the weekend and markets are closed.
When it comes to spreads we need to consider both of the available trading accounts. One account, which is called the MT4 Standard account has spreads starting from 1 pip, while the second one, called MT4 Pro account has no spread at all, but is based on commissions. Considering that 1 pip is the industry standard for most Forex brokers it’s easy to say that AxiTrader passes this round as well. But should that 1 pip be applied to major currency pairs like EUR/USD then it would be considered as a disadvantage.
Axi offers bank wires, credit/debit cards, POLi, FasaPay, Sofort, GiroPay, iDEAL, Neteller, Bitcoin, Skrill, Boleto, Global Collect, and 17 regional online banking solutions. The only requirements are name, country, e-mail, phone number, and application type, which took me less than 30 seconds to complete. New accounts require verification, following well-established industry practices. A copy of the ID and one proof of residency documents generally satisfies this step and completes KYC/AML stipulations. The short answer is yes; AxiTrader stands out as a safe and reliable broker.
For example, the spread on the EUR/USD currency pair is typically 0.3 pips, while the spread on the FTSE 100 index is typically 0.5 pips. The spread on cryptocurrencies and other instruments can vary further. To see https://broker-review.org/ the current spreads offered by Axi, you can visit their product schedule page. Please only make deposits to your trading account using the payment methods and bank information found within our secure client portal.
Forex Trading Platform
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Hi Muhannad, thank you for taking the time to leave us a review. We’ll forward your feedback to our team regarding the scalping.
Typically, AxiTrader will charge Swap Fees on a Long Position and pay Swap Fees on Short Positions. AxiTrader is divided into 3 accounts – MT4 Standard Account,MT4 Pro Account, and Elite Account. Leverage is a quite known instrument, which obviously multiplies the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. However, always note that high leverage can work in reverse too.
Looking for commission and fees data for Axi?
Online trading has gained a great deal of prominence in the last couple of years. However, when it comes to finalizing a broker, you must take a number of factors into account. For instance, the broker must provide an agile and user-friendly trading platform to its clients. Also, the broker must provide tight spreads, decent leverage and a whole lot of easy to use and comprehend features that make trading both quick and convenient for their clients.
Is Axi regulated?
Axi has licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines.
The broker has a Facebook closed group where they work with market analysts to share insights and materials. Join Axi’s Facebook group now for all the market insights from professional market analysts. Find out more with AtoZ Markets Forex broker review of World markets. WikiFX Internet and its mobile products are an enterprise information searching tool for global users.
A well-regulated broker, Axi ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source. Note that Axi does not allow any withdrawals whatsoever by credit/debit card. The Sentiment Indicator helps you see how the other traders are trading to understand how they feel about the markets and what trends may emerge.
Here is a table of some of the shares available to trade based on company location. Lastly, they have also been rated on TrustPilot as having a 4.3-star rating out of a possible 5 stars, which encompasses reviews from over 1,250 Axi.com users. Axi.com, if held under this criteria, is quite a reputable broker as three financial commissions regulate it.
BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. On the plus side, forex fees are low, and deposits and withdrawals are free of charge. Account opening is easy and fully digital, without any minimum deposit, which is also great. If beginners as well as expert traders would like to access the online financial trading world, AxiTrader makes it available for them. A dedicated multi account manager is provided to all the traders operating an account.
Several AxiTrader reviews reveal that the broker does ample market research to provide its users the best-in-class information. The bulk information from multiple authentic resources is scanned and filtered to identify high-value data. This information collection process is outsourced to Autochartist or PsyQuation Premium. The Virtual Private Server of AxiTrader hosts the traders and allows them to run their automated trading solutions 24/7.
- You will also need to provide documentation such as a passport, driver’s license or other government-issued ID.
- This information is packed with trade ideas that support the outsourced research produced by the tools.
- Please note that we do not remove such limit orders during any market news.
- AxiTrader is a STP broker which provides 2 types of account, Standard account and PRO account.
- However, these facts set aside, the best way in which you can find out whether the broker is worth your time or not is by opening an account with them.
While, there’s no denying the fact that the broker offers multiple platforms for trading, the only disadvantage with AxiTrader is that they provide no promotions and bonuses. Here, discover more about the kind of leverage and spreads you can expect from the broker. AxiTrader offers the extremely popular MetaTrader 4 platform, which is capable of accommodating large volumes of trade.
The FCA requires the broker to maintain adequate amount of capital in addition to offering outstanding risk management tools to its clients worldwide. The FCA also requires AxiTrader to maintain fair, transparent and honest trading processes on a consistent basis. Another huge advantage with AxiTrader is that the broker has won several accolades and awards for its performance and services. Our experts also found that AxiTrader is compliant with FCA and is one of the most trusted brands in the forex industry. In fact, traders may also require funds for meeting their business and personal needs. In the case of AxiTrader, the broker processes deposits instantly.
When it comes to depositing money with AxiTrader, traders have the option of depositing money in different forex currencies including JPY, USD, EUR, AUD etc. In fact, AxiTrader also offer broker to broker fund transfer from a selected few companies. Apart from this, the broker also offers the Multi Account Manager and Autochartist tools to traders across the globe. The Multi Account Manager Tool basically allows traders to conduct multiple trades using different accounts operating under one common account.
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. As an established international group of companies, AxiTrader provides financial products focused on foreign exchange, primarily for retail investors. Tight spreads and fast execution come as standard on all accounts.