Still though, this means a spread from 0.4 pips on a standard account and from 0 pips on a pro account with the $7 commission. Customer support is provided via online chat, telephone and email whilst clients get their very own dedicated personal account managers for a more personalised service. With offices in Sydney, London, Dubai and Chisinau, there is always someone from the support team on hand to answer your general or technical questions. They have some of the best customer support you will find anywhere, evident by the numerous awards that they have won.
- You can choose from low spreads with a small commission fee or pay no commission but have a spread mark-up instead.
- The research section of the AxiTrader website is regularly updated with the latest stock and forex market news and analysis.
- Traders can choose a major base currency for their account from the AUD, USD, JPY to Euro.
- During liquid times the spreads may go as low as 0.0 pips, and the broker truly adheres to ensure costs at the most competitive available.
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. The fact they are well regulated gives me peace of mind so I can focus on my trading. You can trade a great selection of instruments across multiple asset classes with top class trading conditions.
Customer Service
AxiTrader provides a range of educational resources to help traders enhance their trading skills and knowledge of trading instruments, and in turn improve their trading performance. The support team is available 24/5 to answer any questions or resolve any issues you may have. Also, to the delight of traders, AxiTrader account holders do not pay any deposit or withdrawal fee for trades taken on the platform.
Founded in 2007, AXI has gained popularity among traders engaged in scalping and auto trading thanks to the low spreads and fast execution speeds on offer. You can choose from the standard or pro accounts that are flexible depending on your individual needs. I appreciate that all of the accounts feature simple and secure funding, advanced trading platforms and powerful tools for finding trading signals.
Their trading platforms extend MAC and Windows PC and mobile trading tools like smartphone devices such as the iPhone and Android phones and iPad and Android. Traders can make use of the Autochartist and Myfxbook Autotrade, which is a social-based trade community. Registered traders can use Myfxbook to connect with their accounts and follow the trades of experienced forex traders. This again features no minimum deposit with an even more competitive starting spread. This spread starts from 0 pips although there is a $7 per round turn commission on forex trading. This is still very competitive in comparison with other major brokers.
Axi gets license conditions imposed by ASIC
It is important to emphasise that signal performances are based on historical performance and there is no guarantee on future performance. If you are looking for a dedicated social trading platform, then eToro would be my top choice. Trades from signal providers are placed automatically within your account and can be stopped at any time. You can follow multiple signal providers and do not need to be at your terminal when trades are placed. Risk parameters are flexible and can be set according to your own preferences.
Regulations and Money Protection
The Axi Select program aims to empower traders by providing a road to capital funding of up to $1,000,000 USD while encouraging their journey into professional trading. Lastly, they even offer special Islamic trading accounts for Muslim traders that follow Shariah law. AxiCorp offers a robust platform with competitive fees, a wide range of tradable assets, and strong regulation and security to give you peace of mind. While no brokerage is perfect, AxiCorp seems to tick most of the important boxes for an all-around solid experience.
The predecessor of axi is axitrader, a fraud broker!
Whatever your interests, there is something for everyone to trade. Whilst there should be more than enough for most of you here, IG have over 17,000. The trading signals offering allows you to axi review copy trading signals from traders around the world directly into your trading platform. There are thousands of signal providers to choose from and you can share your own strategy signals.
Axi vs other brokerage firms
Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. Accounts can be opened in an excellent range of various currencies including AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. You simply complete the registration form and verify your email address. You will then need to upload proof of identification and address for KYC purposes.
All these platforms are designed to provide traders with a comprehensive trading environment. AxiTrader also provides a wide range of products across multiple asset classes. Traders can access over 130 instruments, including Forex currency pairs, commodities, indices and stocks. Like other brokers, AxiTrader offers Traders a standard account which is more or less an account for retail traders.
Here is the lowdown on Axi withdrawals and what you should expect. With Axi deposit methods, it is first important to note that the USD, AUD, CAD, CHF, EUR, GBP, and SGD are usually supported by every deposit method available here. Additional currencies, especially asian currencies like the CNY, THB, IDR, MYR and more are supported depending on the deposit methods.
BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. The broker has since grown into a multinational retail broker with offices in the United Kingdom, Australia, South Africa, and Saint Vincent and the Grenadines. It has bagged several industry awards for providing satisfactory trading services to over 60,000 loyal clients in 100 countries.
How Are Execution, Leverage And Position Sizing With Axi?
Membership from any of these regulatory bodies means the broker is safe to trade. No, the broker does not charge an account maintenance fee on active accounts. But they charge an inactivity fee of $10 if the account is inactive for 12 months, regardless of whether it’s a single account or multiple accounts.
AxiTrader offers a variety of deposit and withdrawal options to make it easy for clients to fund their accounts and withdraw their funds. For traders who practise Islamic beliefs, AxiTrader offers an Islamic account. This account follows Islamic Law and does not charge any additional fees for overnight swaps or commissions.
Regardless of the investment size, all the traders are treated the same in all live accounts. Moreover, the non-trading fees are low, and there are no fees for withdrawals and inactivity. InvestingReviews provides you with independent reviews and comparison services to help you on your investing journey. AxiTrader also provides a range of MT4 signals generated by an algorithm and provides traders with timely trading suggestions. The MetaTrader 4 platform is highly customisable, and traders can take advantage of the advanced charting tools and indicators to develop their trading strategies. AxiTrader has a transparent fee structure, and traders can easily find information about the charges and other trading costs on the broker’s website.
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