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Axi Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:1 38 review review

For professional traders, the company offers to use the Next Generation of MT4 – MT4NexGen. This platform is available free of charge for clients who open a live account with a minimum deposit of 1,000$. Australia-based Axi is a low-cost forex broker ideal for those who need some extra tools to build their trading strategies. It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. Opening an account is easy and no minimum deposit is required. You can choose from many account base currencies, which can save you conversion costs.

Is axi copy trading safe?

Axi (AxiTrader) offers copy trading using partnership service MyFxBook. This platform is quite well known among the traders. It is distinguished by good analytics, simple interface and reliable operation. Failures of operation are quite rare.

Lastly, they offer clients the choice to jump into the crypto market and take CFD positions on cryptocurrencies like Bitcoin, Ethereum, Litecoin, and the rest. For the most part, you will be trading against the USD, but there are one or two instances where you will be able to trade crypto against the Japanese Yen. These shares are based on popular companies from the U.S., U.K., and European markets.

Axi offer weekly free webinars which cover a range of topics ranging market analysis, trade management, trading psychology and much more. Whether you’re just getting started on your trading journey or are already an experienced trader, there’s always something new to discover about the markets. I think it is great that they enable you to learn as much as possible.

Do I Have Negative Balance Protection with This Broker?

I actually pay a third-party provider around $30 per month for a VPS. It is a vital tool for me as I need to simultaneously run multiple MT4 platforms 24/7 for my automated systems. If you think that a VPS would be useful to your trading activities, Key to Markets also give you free VPS access if you trade enough volume. You can trade on multiple variations of the popular MetaTrader trading platform. MT4 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). review

The broker offers ECN trading conditions with a minimum deposit of just $1,000 on the Pro Account. The trading spreads on this account type start as low as 0.0 pip on EURUSD plus $7 commissions per full-traded lot. There is also the Standard Account that offers spreads as low as 1.1 pip on EURUSD without trading commissions. The Elite account is the last account that Axi offers its clients, and it is based on a zero spread and low commission structure.

If you have further questions, you can contact your account manager who will be happy to help. I like that there is a generous selection of deposit and withdrawal methods for us to choose from. You can use a credit card, bank transfer or an online payment processor such as Neteller, Skrill, FasaPay and Sofort. They are also one of a few brokers that accept cryptocurrency payments with Bitcoin. The standard account requires no minimum deposit, has variable spreads starting from just 0.4 pips and charges no commission. This account does not have the lowest spreads but on the plus side, there is no commission fee.

Account opening

We can say that the fees and costs of Axi are favorable for traders. AxiTrader offers traders the ability to trade indices, commodities, Forex, cryptocurrencies, and some CFDs with competitive spreads.The brand was built by traders for traders. Due to this, the company understands any type of trader and strives to deliver the best service, support, and as well as materials that they can.

As concerns their trading platforms, there is the classic MetaTrader-4 in several versions for desktop and mobile devices. There is an FXI/API for professional Forex traders and a credit for a Forex VPS for over 20 lots of monthly volumes. There is also a MAM account and social-trading via the Myfxbook AutoTrade. Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, CFDs …..Axi allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Axi. There is likely to be a high risk of losing money when trading with the AxiCorp Financial Services Pty LTD because the license stands suspended.

Online Trading Broker – CFD & Forex Broker in Australia / Axi AU

The Standard Account comes with higher spreads and no commission charges. Over time, the broker has promised to introduce instant payments that can be made directly to your phone. 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.

AxiTrader is 100% owned by AxiCorp Financial Services Pty Ltd, a company incorporated in Australia . Over-the-counter derivatives are complex instruments and come with a high risk of losing substantially more than your initial investment rapidly due to leverage. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors.

News feed

The accounts of Axi UK clients are protected by the Financial Services Compensation Scheme up to £50,000. Axi is an MT4-only broker, but this singular focus provides for one of the best MT4 trading experiences in the world. The company axi review is licensed in Australia under the Australian Financial Services Licence . It has been awarded the ‘Best Forex Broker Australia Award’. FP Markets has zero restrictions, which means that scalpers and currency traders who use…

These signals can be used to trigger new trades, because the reversal may cause a new trend to start. With that said, this can be used as a technical pattern that can serve as an advanced warning to identify potential changes in the market direction. Also, in the year 2017, it won the ‘Most Reliable Broker in Forex Awards and ‘Highest Overall Client Satisfaction’ in the Investment Trends Australia FX Report. Only last year, 2018, AxiTrader gathered awards for being the winner of ‘Best MT4 Provider’ in and UK Forex Awards.

Where is Axi located?

All Axi servers are located in New York and are hosted by Equinix in the NY4 Data Centre.

FXTM is a dynamic, award-winning forex broker that offers exceptional online trading services and products to institutional and retail clientele from around the world. Clients benefit from segregated accounts at top-tier banks, secure deposits and withdrawals, competitive leverage, tight spreads… A lot of investment, technology and market analysis goes into creating a successful online trading platform, which is precisely why one cannot blindly rely on just any online broker. As a trader, you need to collate some background details and information in addition to conducting an extensive research about the broker. It is also equally important to open a demo account with the broker as that provides you with a better understanding about their services, products and other offerings.

We’ve been asked over and over again what are the most effective ways to stay safe online. After testing several fraud prevention products online, we could certainly say the winner is a browser extension called Guardio. It automatically blocks 100x more harmful websites than competitors and 10x more malicious downloads than any other security tool. Most of the research you would have to do is done by the Autochartist plugin and PsyQuation Premium tools. If you need more tools to do your research, you can look through the market analysis section of the AxiTrader website. The other advantage is that you will get faster trade execution on a VPS system than on conventional systems.

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. Axi has some drawbacks, though.Its product range is limitedto forex and CFDs, and its research tools lack recommendations and fundamental data. We compare Axi’s fees with those of two similar brokers we selected, TMGM and Eightcap. This selection is based on objective factors such as products offered, client profile, fee structure, etc. Axi also enables users to utilize MT4 NexGen, greatly increasing the functionality of the site and improving the trading experience.

Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors.

What is the minimum deposit for Axi?

The feature ensures that no trader accounts lose money when trading remotely from their mobile devices or web browsers. AxiTrader’s pure Forex accounts have the privileges to select assets and indices with proper diversification. Moreover, AxiTrader helps new retail traders start their first trading account before becoming advanced traders and running into the platform’s limits sooner or later.

A bank transfer can take several business days, while payments with a credit/debit card or electronic wallets are instant. In addition to bank transfer, you can use credit/debit cards, broker-to-broker transfer and several electronic wallets, as well as cryptocurrencies. Axi’s base currency selection is great compared to competing brokers. Answer a couple of questions that assess your level of trading experience. Axi has low fees for trading index CFDs, while stock CFD fees are average. It goes against our guidelines to offer incentives for reviews.

Eurotrader hires Axi alumni Jack Beezer as product officer – FinanceFeeds

Eurotrader hires Axi alumni Jack Beezer as product officer.

Posted: Thu, 03 Nov 2022 07:00:00 GMT [source]

The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. This is also something to look forward to when trading with AxiTrader.

  • The app offers full functionality and the brand provides a seamless user experience across all devices.
  • They are required for opening an account, and therefore not an obstacle to new clients.
  • You even get a dedicated account manager that is available to assist you in reaching your financial goals.
  • If you want to learn more, you can access additional information.
  • However, always note that high leverage can work in reverse too.

I like the hassle-free withdrawal approach at Axi, as it adds to peace of mind when trading. Traders must also find out whether the broker has adequate partnership with leading banking institutions around the world or not. This is yet another area where AxiTrader emerges as a winner for sure. The broker has strong association and bonds with the leading banking and financial institutions, which means there won’t be any issues with regard to safety of your funds.

Will axi trader wonder why I’ve opened account but not used it. Trading Forex is risky, and each broker is required to detail how risky the trading o offering of the broker, and the trading conditions offered to clients, which are summarised in this review. 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. We were impressed to find that both Axi’s minimum deposits and ongoing trading costs are significantly lower than most other brokers.

It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app. Axi also provided the MT4 MAM module for account management. 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.

Who is owner of Axi?

Overview. Rajesh Yohannan is the current CEO of Axi. He previously worked at OANDA as a Managing Director and CEO.