And so I found that this version is complete and you could do pretty much everything you could on a regular PC, which is pretty awesome. So I’ve never seen this before, and that will mean that I can simply open my MT4 on my mac and trade there. There might be other options for that, but I’m just not currently aware of any.
What is the rating of Axi broker?
Overall, Axi is considered low-risk, with an overall Trust Score of 84% out of 100. Axi is licensed by three Tier-1 Regulators (high trust), one Tier-2 Regulator (average trust), and one Tier-3 Regulator (low trust).
The AXITrader customer support seems to be well-equipped and offers competent assistance if traders reach a dead end and do not know what to do. The customer support is available 24/7 and can be reached via phone, e-mail, but traders can also request a call back or chat. The customer support is available in nine different countries like Germany, China, Singapore, Spain, etc. Overall, this broker seems to be a decent broker who offers fair trading conditions and provides all necessary assistance and tools to keep their traders satisfied. AxiTrader’s mainstay MT 4 trading software brings a very competitive technical solution to trade through the financial market to make a respectable profit for traders in every trading session.
Hence, AxiCorp LTD, which runs AxiTrader, has not suffered any license suspension. While these issues fall under its corporate umbrella, AxiTrader continues to work as a genuine broker, expanding its market share across the globe with every passing year. The AxiTrader LTD company is a fully-owned subsidiary of Australia-based AxiCorp Financial Services Pty LTD. The AxiTrader review further discovered that in July 2019, New Zealand’s Financial Markets Authority suspended AxiCorp Financial Services Pty LTD’s derivatives issuer license. The company had made four different counts of brokerage violations under the regulator’s Financial Conduct Act 2013.
Autochartist is used to identify chart patterns by tracking indicators like Fibonacci retracements. The tool monitors the markets 24 hours a day and tells you when a trade opportunity shows up. There is a delivery of market reports, done three times every day. They also allow you to do a volatility analysis that employs performance statistics. With these, you get a clear picture of the market and what you can expect to get if you start trading.
The broker is licensed by top-tier regulators ensuring clients’ safety and compensation in case of insolvency. As a brand, AxiTrader generates high volumes of cash through its operations and transactions. Its high cash flow generation is further supported by the ability to register an impressive dividend payout ratio. Over the years, it has significantly increased its growth margin due to its process automation, market maturity, and mobile trading.
There are no inactivity fees, and the trading fees are low enough that any trader can benefit from this best forex broker. Feel free to try them out using the demo, to see if they suit your strategy and style. Like any of the reputable and successful brokers, AxiTrader provides you with a demo account that will allow you to familiarize yourself with how it all works. From humble beginnings in 2007, AxiTrader has rapidly grown to encompass a large portion of the forex market.
All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds. I can highly recommend Axi, particularly the unit operating out of St. Vincent and the Grenadines, due to it. I have been with AXI for two years and my experience has been nothing but awesome. MPESA deposit for those in Kenya is amazing, withdrawals are fast , fast order execution and a friendly customer care team ….
You can just contact them one-on-one, and they’ll be happy to help you out, which is something I’ve not seen with most brokers. Most brokers are kind of, on the side and they don’t want to really talk to you, or they don’t want to do calls with you or help you out. While, they really go out of their way to give you support, and to chat and see how you’re doing in self, which is, I think very valuable.
These are based in a number of different regions which means that you will get local language support. However, if you are just starting out or you do not trade with that much regularity then you should consider the standard account. There are other administrative charges that you may incur which include things like sending duplicate statements as well as debt collection charges. You will also have financing or “overnight” fees that are charged on those positions that are kept open overnight. This will vary depending on the interbank interest rate that is being applied on the currencies at the time. AxiTrader will charge their own spread to this which is +1.25% for a long position and -1.25% for a short position.
Yeah, you could speak to them and they essentially act as your, almost like your advocate if you like to the internal teams to try and help you out. So I’m signing on today with Ben Malone who is a senior account manager at AxiTrader. I’m gonna ask you about some things that I’m not sure about yet and that my dear brokers know better than I did because they have more experience of course. Alright, so I’ve been using AxiTrader for a couple of months now, maybe three or four months. When it comes to the platform I noticed they only have pretty much one thing which is MetaTrader4, and that is a good thing.
Is AXI a trusted broker?
Based on the review, AxiTrader is undoubtedly a reliable tool for trading currency pairs and CFDs. It is also a viable solution for traders of cryptocurrencies, commodities, indices, and other assets.
In this AxiTrader review, different aspects of this forex trading have been explored and analyzed. The services provided by AxiTrader’s trading platforms and tools have been tested to gauge their efficiency. From its pricing spreads to its key features, this AxiTrader review dives deep into the core of AxiTrader & highlights what the broker puts forth for its users. Since there is a high risk of losing money when trading forex, it is important to decode the complicated trading process and implement some effective trading strategies. Things become simpler when trading brokers offer their financial services to assist people in their trader journey.
Is AxiTrader regulated?
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. As has become standard for most brokers these days, AxiTrader offers a demo account. This is a great way for a trader to practice their trading in a non-threatening and beginner friendly way.
- Overall, I find the educational section at Axi comprehensive and of good quality.
- Here is a screenshot of the Axi MT4 Pro trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
- The AXITrader review will give you full information on this broker and its role in the market.
- As a brand, AxiTrader generates high volumes of cash through its operations and transactions.
He has taught over 25,000 students via his Price Action Trading Course since 2008. AxiTrader hosts an education section with resources aimed at helping people understand trading, the structure of the markets, how to use technology platforms and similar guides and tutorials. Moreover, given that these VPSs are located in high speed datacentres, you have very little latency https://traderoom.info/ when it comes trade execution. This is especially important for those traders who use high frequency trading algorithms. Something else that you will most likely want to make use of is the Economic calendar. These are pretty standard for Forex traders and is used to mark all the important Economic announcements that are coming up over the coming weeks / months.
Forex Broker’s Bonuses
Step 3) Choose a payment method and follow the on-screen instructions to complete your deposit. Step 8) Agree to the terms and conditions then click ‘Continue’ then review the information you have provided and click ‘Submit Application. Step 6) Upload verification documents like an ID Card to verify your identity and a utility bill or bank statements for your address. If you do not have any funds in your account, no negative balance will accumulate on the account.
The 24/7 customer support team of AxiTrader is only closed on weekends when the financial market is closed, but when the Sydney market is closed, client support is provided from London and Chisinau. Client support can be reached via email, phone call, or live chat. A dedicated multi account manager axitrader review is provided to all the traders operating an account. The account manager assists the traders with the training of trading and other market information, and also helps them improve their trading style. The manager assists the traders with the training of trading and other market information.
Surprisingly, you are not charged any fees for a deposit / withdrawal at Axi. So, irrespective of your funding method they will not charge a broker fee to it. However, leverage levels will vary a great deal depending on the type of account that you have as well as the instruments that you are trading. In order for you to get a good idea of the kind of leverage levels that you can trade with you will have to take a look at the product schedule.
Another key factor that must be taken into account at the time of selecting a broker is whether they have apt deposit and withdrawal mechanisms in place or not. Brokers around the world are good at accepting money but traders usually face a lot of problems when it comes to withdrawals. During our review process, we found that AxiTrader offered numerous options for depositing money into a trading account but the broker is not really efficient when it comes to withdrawal of funds. Established in the year 2008, AxiTrader is an Australia based ECN broker situated in Sydney. As an ASIC regulated firm, AxiTrader offers excellent support and services to its clients.
Traders can opt for similar order types and order time limits as AxiTrader’s web platform. Ever since the inception of the AxiTrader trading platform, the firm became a sector-leading financial brokerage firm in the Australian retail Foreign Exchange market. Currently, AxiTrader Broker ranks among the top Forex Brokers and financial brokerage firms not only in Australia but also in other markets.
Over time, the broker has promised to introduce instant payments that can be made directly to your phone. In comparison with other brokers on the same level, like Pepperstone and IC Markets, you can see the fee differences. Pepperstone charges $14.9, $11.9, $3.7 and $12.5 respectively for the same pairs. Aside from a perfectly functional Economic Calendar, Axi also runs a Market News Blog which features regular analysis, both technical and fundamental, as well as educational pieces and features. The regular analysis includes a weekly market preview, charts of the day, charts of the week, and a daily briefing on the market open. Our accounts were approved within minutes, which is exceptionally fast for the industry.
Here our experts give you in-depth updates & their views on AxiTrader broker on this 2023 AxiTrader review. Further, the firm also launched its London branch in 2012, China branch in 2015. In China, AxiTrader entered into a partnership with China Union Pay to help its Chinese clients process payments easily and directly to AxiTrader.
With an 80% margin on all crypto pairs, it means that you are only getting an effective leverage of about 1.25x. For those traders who want more leverage they should try the likes of IQ Option and Plus500. There are a range of account types that you can choose from at AxiTrader.
- Below is the Initial Margin rate and leverage tables at AxiTrader.
- For Pro accounts, there’s a commission of $3.50 per trade and a low spread cost.
- The expansion has continued unabated and has since seen AxiTrader reaching 150 different countries.
- If beginners as well as expert traders would like to access the online financial trading world, AxiTrader makes it available for them.
- AxiTrader offers a range of options for traders, including the popular MT4 platform, and expert advisors are welcome for automated trading purposes.
It is well written and features charts with easy-to-understand trading ideas. I got contact from my account manager (yeah, never had one apart from TD Ameritrade) within 30 minutes if receiving account approval. They have good plug-ins for MT4 and cool analytics tools that help you be accountable (that you should if you want to be a profesional trader).
Thus, the broker is regulated and authorized by the Financial Conduct Authority of the UK (FCA Reference ). 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.
This is a win-win scenario for both the broker as well as their clients, as it allows them to keep a track of their transactions and market movements anytime, anywhere. For experienced traders who value simple account options, strict regulation and the heavily customisable MT4 platform, Axi is a very tempting option. AxiTrader offers a range of options for traders, including the popular MT4 platform, and expert advisors are welcome for automated trading purposes. Whether you’re a beginner or a seasoned trader, you can choose from live accounts or 30-day demo trading accounts. The forex pairs offered comprise 80+ major, minor and exotic currencies, accommodating the global market to accommodate forex clients around the world. With operations in Australia, the UK, and around the world, AxiTrader has a truly international flavor.
Is Aximtrade real or fake?
Axim Trade is an unregulated broker that is registered in Saint Vincent and the Grenadines, a place that has relatively loose regulations on forex trading. Although the lack of regulation does not necessarily make a broker a scam. However, traders should always exercise caution when dealing with unregulated brokers.