Axi Review 2023 Pros and Cons Uncovered

Axi holds a comprehensive Client Money Insurance policy that provides retail clients with protection up to US$1,000,000. This insurance coverage comes at no additional cost and automatically applies to all retail accounts with balances above US$20,000. Axi clients are provided free access to PsyQuation Premium, an AI-driven analytics platform to help you discover strategies for MT4. Below, you can see some of the many tools that are available, along with their short descriptions. Unfortunately, some articles are available only through the Australian and UK websites.

Our experts also found that AxiTrader is compliant with FCA and is one of the most trusted brands in the forex industry. In fact, the broker may take as many as five days to process a withdrawal and also charges commissions to the tune of dollars from traders with international banking accounts. Below, learn more about their deposit and withdrawal methods and procedures. Established in 2007, Axi is a recognized and trusted broker with its head office located in Sydney, Australia. It quickly made a name for itself and gained an international presence.

Important legal documents in relation to our products and services are available on our website. You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.

Well, here is my feedback, closing my account and cannot be bothered no more. Please read AxiTrader Reviews below and share live trading experiences with this broker. As a client, you may also enjoy the possibility to have account base currency in GBP, USD, EUR, CHF, or PLN and deposit funds in those major currencies as well.

Discover popular markets to trade

As its trading platform, Axi decided to focus on the popular MT4 terminal. This is the most popular platform for retail Forex trading, and it also allows you to install custom indicators and Expert Advisors. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference.

We are showing the fees based on a week long $2000 long position on two different indices. TradingCenter provides essential information and tools for learning and trading the Global Financial Markets. TradingCenter helps investors to improve their skills and their level of understanding regarding core mechanisms of the trading process. The FCA reported that Axi Corp Limited, riding on the popularity of Axi, has been defrauding unsuspecting traders. The faux broker falsely claimed it was anFCA-registered broker, the FCA has however claimed that the “broker” is “not authorized or registered by the FCA.” Via its public release, the FCA emphasized that all financial institutions are compelled by law to have a trading license.

Someone who is experienced enough to dig into the broker’s offerings and capable enough to determine whether they meet a trader’s expectations or not. This is one of the major reasons why we decided to conduct a review of the AxiTrader. During the review process, we gathered several facts and figures that traders around the world must take into account before opening an account with the broker. Axi also extends to fees and spreads, with no fees on deposit or withdrawal. Additionally, the spreads of all Axi’s account types are competitive in the industry. Therefore, its clients are satisfied with a simple and transparent trading environment.

Is this Broker Good for Beginners?

We can say that these are very helpful materials for aspiring traders as well as professionals. 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. The broker transfers all the funds deposited by the clients in safe and segregated trust trading accounts with top-notch banks. Another huge advantage with AxiTrader is that the broker has won several accolades and awards for its performance and services.

It also offers raw spreads as low as 0.0, no minimum deposit, no requotes, and instant execution. This account covers the full market and allows you to trade Forex, Commodities, and CFD Indices from a single trading terminal. It is easy to use and has fast execution with the feature of MT4’s one-click trading. It enables you to track your progress with comprehensive trade history and improve with analysis too.

Typical spreads are from 0.0 pips and commission on Forex is $7 round trip. Currently its not under any effective regulations, so please pay attention to possible risks. Axi is one of the largest Australian Forex brokers operating today.

Web trading platform

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 axi review and securely. It goes without saying that a broker must be adept at executing both deposit and withdrawal requests. However, this is one area where you’ll certainly want AxiTrader to be more prompt in terms of releasing funds.

The standard account has no commissions, but the spreads are from 0.4 points. The broker offers 24 hours live chat feature to its clients, which means traders can raise their queries and concerns anytime, anywhere. Their customer support services are available in twelve different countries and in six unique languages and thus you won’t face much of a problem when it comes to getting your queries resolved. Apart from this, the broker also offers the Multi Account Manager and Autochartist tools to traders across the globe.

• In April, the FCA revealed the websites of Crypto-Trade were faux hiding under the popularity of the licensed firm Rational Foreign Exchange Limited.
• For further details and information, go through our review below.
• 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.

You can follow all the ups and downs with real-time updates by viewing live pricing. It allows you to control an unlimited number of managed accounts from one trade terminal. AxiTrader has invested greatly with these MT4 platforms to MT4 servers to ensure that the MAM solution provides the fast and reliable service account managers need to service their clients.

Our reviewers also found that the broker does not use funds for any other reasons or purposes other than maintaining margins for traders. Thus, the broker is regulated and authorized by the Financial Conduct Authority of the UK . 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 they offer tight spreads. Simply put, Spread is essentially the difference between the Asking and the Bidding price in case of the quotes provided in the market.

Other popular asset classes like real stocks or ETFs are not available. 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.

Axi Forex Broker Review

You can get it for free when you open a live account and deposit a minimum of at least $1,000. They have a great selection with something for everyone to trade. You will find stocks of the largest companies, popular cryptos and major currency pairs. They give you direct access to the latest market data with https://forexarena.net/ multiple liquidity providers (LP’s) from 14 of the world’s largest banks, for live pricing and superior trading conditions. Servers are located close to the exchange in New York, for improved trade execution. Generally speaking, the more liquidity providers a broker has, the better prices you can get.

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Whether you’re learning the fundamentals of Forex, discovering different strategies or looking for expert trading tips, the eBook series can help to improve your knowledge of the markets. The correlation trader will show you the correlation between different instruments and can help to find potential trading opportunities and for order management. Therefore the client money rules do not apply to the business currently undertaken by AxiCorp Financial Services Pty Ltd .

I can’t withdraw from Axi

The agent responded to a separate issue while failing to resolve our initial question and, during another request for help, inaccurate information regarding CFD indexes charges was given. When you sign up with Axi, you’ll be given lifetime access to PsyQuation Premium. You can also benefit from market analysis via Axi’s ‘Markets Blog’ and access an economic calendar with a range of filters, including ‘Event Category’ or Country’. Available on the MetaTrader platform, you’ll find 31 technical indicators, as well as other technical tools, including Fibonacci retracement and trendlines. If you want to register and open an account with Axi, the setup process is completely digital and easy to navigate. However, it can take some time for your account to become accessible.

You can trade commodities without needing to purchase the physical asset as you are simply trading on the price movement of the underlying asset or instrument. Some of the most popular traded commodities are gold, silver, oil and gas. This is yet another excellent tool provided by the broker and something that I have not seen implemented by many others.