axitrader review

I wanna not review brokers that are gonna be bad and not properly regulated, so that’s no full interest. This is not bad since many other brokers who use MT4, do not even provide news. The news is bland, though, as it lacks charts and other visual aids to help you make trades better.

  • But recently, I conclude to stay with axi due to their faithfulness and timely service delivery.
  • The broker provides market-competitive spreads across various commodities, currencies, and indices, with spreads as low as 0.0 pips during liquidity.
  • Traders also have access to a Demo account which is a replica of a live trading account.
  • Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment or financial issues.

The technology infrastructure of AxiTrader is built with advanced trading tools. They provide complete support to the automated trading experience. They run backtesting on features and user capabilities and support thousands of registered third-party plugins. AxiTrader does not promote any specific platform higher than the other, which makes it quite unbiased. A free-for-all feature of AxiTrader, PsyQuation Premium, helps its clients maintain a minimum balance of $500 with monthly trading of one standard lot. It is an advanced trading tool that can provide smart forex trading signals through its comprehensive forecasting, quantitative analytics, and market indicators.

North American Markets

Yes, AxiTrader provides educational resources and materials to assist beginner traders in learning and improving their trading skills. They offer video tutorials, webinars, trading guides, and market analysis to help traders understand market dynamics, trading strategies, and risk management. AxiTrader offers competitive trading costs, keeping them relatively low compared to other top forex brokers. The broker provides market-competitive spreads across various commodities, currencies, and indices, with spreads as low as 0.0 pips during liquidity. The Axi platform offers a range of features that can help you to trade more effectively.

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AxiTrader was founded in 2007 and has its head office in Sydney Australia; it is the Forex and CFD brokerage wing of AxiCorp Financial Pty Ltd, which was established in 2001 in the same country. They may have a limited product range, but it is a great place for many beginners and intermediate traders to cut their teeth. In addition to all this, they have a great support system and a comprehensive provision of education.

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Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature. Most clients get the chance to have their account in their choice of base currency from AUD, USD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, or CAD and deposit funds. AxiTrader has no minimum deposit requirements, & every user is free to deposit any amount in the account. But, it also has a toll free number where traders register their inquiries. The above platforms and tools help AxiTrader users stay ahead of the curve. From economic events calendar to real-time market news analysis, these tools deliver reliable forex quotes through their accurate market indicators.

It also allows them to see their trading performance via third-party audits. It allows the users to access the software’s benefits in running the server component and the client features. The client software sees the live streaming prices of forex currency pairs and displays their trend charts. It suggests insights to place orders and manage investments of its users. The technology suite of AxiTrader includes the MetaTrader 4 trading platform, its web app version, Myfxbook, and some additional APIs. The trading platforms run on all operating systems, including Windows, Mac, Android, and iOS.

Trading Risk Disclaimer

You need to consider the level of knowledge you have before you divest and start trading in CFDs. AxiTrader is a recognised and respected online FX and CFD broker offering high quality trading service and technology to retail and institutional traders worldwide. AxiTrader launched in Sydney, Australia in 2007 as the flagship brand within the AxiCorp group of companies. From a two person startup it has grown to become a well-regarded name in the industry, with nine offices worldwide servicing tens of thousands of clients in more than 150 countries. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Is axi copy trading safe?

Your capital is at risk. 73.03% of retail investor accounts lose money when trading CFDs with this provider.

Always check the pre-set levels of leverage on forex and CFDs, as it is usually high. However, their license was suspended over some issues, and the broker appealed. AxiTrader has a solid reputation, even though there are some issues with the license in Australia and the subsidiary regulated in St. Vincent and the Grenadines.

Forex Broker’s Bonuses

Check out the current account balance requirements at Axi in our What is the minimum account balance at Axi article. Is Axi legit features all the key aspects you need to look at to see if a broker is safe and legit. Being regulated by several top-tier financial authorities is a great sign for Axi’s safety. Under ‘Learn to Trade’, you can find seminars and webinars to watch. However, we found that these are only scheduled for certain language pages, with many of them indicating loading errors at the time of the review. You can search for products easily by typing the name of the product or by navigating the category folders.

axitrader review

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. There is a 3% fee for card payments and other payment methods where deposits exceed a monthly limit of $50,000. Withdrawals are free if they are above $50 or for the full balance of your account.

Is AximTrade real or fake?

AximTrade is a standard money scam. They live off the contributions of those who decide to get the capital of investors under management. In fact, no one will let you withdraw profit here, even if you pass the test. AximTrade will come up with anything to deny you a withdrawal.