Axi Review 2024 Advanced platforms and tools with low fees
The Pro account does charge a commission of $7 round trip per lot (3.5$ to open a trade and close it), but it has a spread that starts at 0.0 pips. The minimum trade size is 0.01 lots, and it includes 140+ trading products and 10 base currencies. The Pro Account offers improved trading conditions which is more suitable for seasoned traders. Demo Accounts are another feature offered by AxiTrader for practicing trading with fake funds that are available on the AxiTrader login page after you open an account. But that’s not all; when you become an active trader, you can request an extension of the demo account and keep trading with virtual funds without losing money. 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.
Islamic Account
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 can build an online investment portfolio and organize trading accounts and help users monitor these accounts from a unified interface. Traders can automatically check the data with its innovative tools that run statistical analysis.
Research and Tools
With offices in Australia, the UK and around the world, AxiTrader is one of the most trusted online brokerages. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. Axi’s comprehensive trading courses are developed by traders for traders to guarantee you obtain the necessary information and abilities to be successful in the markets.
What are Tier 1 banks and why should Axitrader use them?
I also believe that the trading conditions at Axi are better than any deposit bonus and the absence of it non-essential. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. To help ensure you have more axitrader review money left to trade with, Axi charges no fees for funding and withdrawals to or from your trading account, up to a value of $50,000 per month. If you exceed this monthly Fee Free Limit, they do reserve the right to pass on your Neteller and Credit card transaction fees. If you have further questions, you can contact your account manager who will be happy to help.
Axi (AxiTrader) Review 2023 – The Good and the Bad
By effectively managing risk, you can increase your chances of success in the markets. Experienced Axitrader traders can trade high risk CFD trades to hedge items in their portfolio. On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Axitrader leverage magnifies both profits and losses in trading. It’s important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn’t allow automated trading scripts such as Expert Advisors. All payments made to Axitrader by traders are securely held in a segregated bank account.
We consider the FCA regulation to be the best since it provides compensation of up to £85,000 in case the broker goes bankrupt. Finally, we withdrew our funds to determine if the withdrawal process was smooth. We traded the popular instrument in each market to determine the actual spreads and placed 12 trades in total.
Besides competitive trading costs, Axi offers traders the third-party trading analysis platform PsyQuation. It can help traders improve their performance, which I find an excellent tool. Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature. The main difference between the accounts are the spreads, commission and minimum deposit required.
- On the other hand, when it comes to pretty much any other asset class, they’re well below their competition.
- To see a list of the top MT4 brokers, see our comparison of MT4 brokers.
- Aside from these two points, it’s not necessary to include a MT4 review as the platform stays the same across all brokers regardless of the brand name chosen.
- It will display patterns discovered on an instrument of your choice, along with a pattern quality rating.
- Whilst there should be more than enough for most of you here, IG have over 17,000.
The lot commission is about $7 or the local currency equivalent per round trip. As most traders may know, fees are one of the most important criteria when it comes to choosing a broker. We also want a broker to be transparent with the fees that they charge.
They provide advanced trading platforms, special tools, and a trust-driven trading experience under strict Top-tier regulations of ASIC and FCA. Our experts find AxiTrader a reliable broker since it’s regulated by good regulations from top-tier FCA and ASIC. AxiTrader provides a range of trading platforms, and various funding methods, with average spreads and excellent customer support. We noticed that Axi has low forex fees, and deposits and withdrawals are free of charge. MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005.
We waited for 1-8 minutes before being connected to the customer service team via the live chat function. The broker provides some market analysis on its blog, but the information is not frequently updated to keep up with market events. The main difference with Islamic accounts is that instead of daily swap rates, there is an administration fee charged if you hold positions for more than 3 nights. We placed 3 trades for each instrument to get a complete picture of the average spread. We tested the Standard Account with AxiCorp Limited which charges a spread on all tradable instruments. The FCA also guarantees traders registered under the UK entity deposit compensation of up to £85,000 in case the broker goes bankrupt.
You can see real-time pricing, place and manage trades, examine account history, monitor positions, customise charts, set alerts, and many other things. This is beneficial for traders who need to access their accounts while on the go. MT4 mobile is free to download from the respective app stores on both Android and iOS. 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.
For those traders who are constantly on the move, you will be happy to know that MT4 platform is also supported on your mobile device. Metaquotes has developed MT4 applications for both https://forexbroker-listing.com/ iOS and Android devices. The online broker space is littered with examples of pretty awful customer service. Hence, it is quite a big criteria for us when we are selecting CFD brokers.