AxiTrader Review: The Strengths and Weaknesses of this Broker

axitrader review

No AxiTrader fees are imposed on the withdrawal of funds from an AxiTrader account. AxiTrader also generates researched information from a market analysis section that taps into online content and runs a market commentary. This information is packed with trade ideas that support the outsourced research produced by the tools. 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.

AxiTrader Review – Pros & Cons

  1. Overall, the broker covers the most demanding markets to trade, also UK residents can benefit from the Spread Bet option.
  2. The MetaTrader4 platform at AxiTrader comes with trading on 61 pairs of currencies and automated trading.
  3. Then you chose the deposit method which will be immediate or take from 1 to 3 days to credit into your account.
  4. It is also great for getting notifications as soon as a price level is reached which saves me constantly checking the charts.
  5. There mandatory minimum deposit on Axi is US$5 for cards and e-wallets, while bank transfers have no mandatory minimum deposit amount.

Trades from signal providers are placed automatically within your account and can be stopped at any time. You can follow multiple signal providers and do not need to be at your terminal when trades are placed. Risk parameters are flexible and can be set according to your own preferences. I personally prefer the MT4 desktop platform as it has all of the features and functionalities. I actually run multiple instances of the MT4 platform to try out systems on different brokers. You shouldn’t have any problems opening charts, loading indicators, setting alerts, entering and managing positions.

Axi Features

The broker is also committed to customer service by responding to consumer complaints and feedbacks within 24 hours, which helps in increasing customer satisfaction. The educational centre offers chart tools that provide concise information on various commodities, equity indices and currency pairs. The FX charts offer in-depth information on various charts and provide a suitable interpretation of the various price fluctuations. Axi also offers various online courses right from basic Forex introduction to in-depth market analysis.

SWIFT bank transfer not process after 14 business days

Traders must always choose FCA as this will grant them protection under FCA regulation. The only non-trading fee at AxiTrader is the inactivity fee which is a monthly charge incurred from inactive accounts. If no trades are executed for 12 consecutive months, AxiTrader will incur a monthly inactivity fee of 10 units of the base account currency. As someone deeply involved in prop trading, Axi Select has been a game-changer. The platform’s seamless execution and diverse array of trading strategies have elevated my performance to new heights.

Funds not added into account

Axi, while also being a top-tier broker, has its own set of requirements that cater to its diverse clientele. The other main difference our Axi review axitrader review found was the online broker offers more trading pairs. Niche pairs offered by Axi will only be of benefit to a very small subset of traders.

How Does AxiTrader Platform Reach Clients and Who Are They?

Provide the email address, phone number, country of residence, and other particulars in the online application form. The use of these applications is suitable for specific circumstances, which is why AxiTrader clients must determine their use for their needs. Scalping requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain. Axi glossary also has a navigation panel that makes your user experience better.

axitrader review

axitrader review

There are thousands of signal providers to choose from and you can share your own strategy signals. You will find stocks of the largest companies, popular cryptos and major currency pairs. Axi (AxiTrader)’s asset offering is clearly designed for high net worth forex traders. With over 140+ currency pairs and their killer Pro and Elite account offerings, they definitely become an attractive choice for seasoned currency traders.

It can execute multiple blocks of orders on all accounts that are operating under a master account with 6 allocation methods and all order types accepted. The MAM is only available to approved and regulated operators of discretionary accounts or managed investment schemes. The forex news feature provides you with the latest forex news directly into the platform. You can add your favourite news feeds and follow traders from social networks. For more advanced trading education, if you choose to trust our judgement, we suggest you to go through our trading strategies, tools and analysis to get professional help for free. The usual time of withdrawals is 2-5 days, mostly dependant on your own bank.

axitrader review

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. For a full comparison, we decided to take a full combination of their fees in all accounts and compare them against the same standard offered in other leading brokers. At the AxiTrader Education Center, beginner traders can benefit from free training on the basics of Forex. The course is in video mode and traders have the flexibility to go over lessons as often as they need. PsyQuation is one of the world’s most advanced data analytics platforms for retail traders. The average spreads for Pro account, after factoring in the commission fees, was at 1.14 pips (0.44 commission + 0.7 commission) whereas Standard account offered 1.24 pips spread.

There is a markets blog where you can read about the latest market news. This section is frequently updated and includes technical and fundamental chart analysis which can help inspire potential trade ideas. I had a browse and managed to find some helpful insights for managing my open positions.

axitrader review

Axi offers over 130 trading instruments from popular asset classes such as forex, CFDs, stocks, indices, commodities, ETFs, and bonds. However, some trading instruments might not be available, depending on the country you live in. Commissions are not charged with the Standard account, but you can expect a higher spread that starts at 0.4pips. It is more suitable for novice traders, especially in addition to the Copy Trading platform. First, they reach clients with the AxiTrader Affiliate and Referral Program.

You can open a spread betting account to place spread bets and enjoy tax free profits. Apply leverage to maximize your profits, but understand that you also increase your risk for loss. To open a demo account, you have to enter your name, email address, phone number, and country of residence. You also have to express your willingness to receive promotions and news from the Forex broker and agree with its privacy policy.

To get the most out of the review process, make sure to check multiple sources and examine their credibility. Most of the websites of this kind offer a raw stream of consciousness by angry and happy traders alike. It is, therefore, important to keep in mind that some of the reviews will be nothing more or less than such. Axitrader started as Sydney based brand in 2007, the company expanded its operations into UK and China in 2012 and 2015 respectfully.

Yes, AxiTrader is regulated by top-tier regulatory authorities like FCA and ASIC. It is a market maker but can be trusted to trade forex and CFDs in the UK. In case of an unsettled dispute between the broker and clients, clients are protected by up to GBP 85,000.

Whether you’re just starting started in trading or an experienced trader, there’s always something new to learn about the markets. Over 60,000 former Axitrader clients with live accounts from over 100 countries have continued to trust Axi with their online trading operations. This means that in addition to classic currency pairs such as AUD / USD, GBP / USD and EUR / USD, there are also minor and exotic pairings. Minor, exotic and cross pairs can have more movements due to thin liquidity which can present significant profit opportunities albeit with a more high risk. As for deposits, the broker does not allow third-party remittances.

ECN brokers connect you directly with “liquidity pools” to provide you with the best spreads possible. The broker can provide low spreads because there is no dealing desk or requoting during the trading process. The quotes for the currency pair you buy or sell are exactly what the liquidity providers have quoted. Between 74-89% of retail investor accounts lose money when trading CFDs.

AxiTrader offers a good amount of risk management, such as market order, trailing stop, margin calls, stop loss, take profit, and trailing stops. There are no withdrawal fees, and it will take from 1 to 3 days for the transaction to finalize. The withdrawal methods include credit card, debit card, bank wire transfers and epayment. Other tools include the economic calendar, PsyQuation and CFD rollover dates on important trading instruments. As a brand, AxiTrader generates high volumes of cash through its operations and transactions.

This makes them suitable for all trading strategies, from scalping to day trading and long-term investing. I have tried many brokers over the years and found them to be one of the best brokers for trading online within a secure and highly regulated environment. Based on our Review and expert findings, AxiTrader is a trustworthy broker with a good reputation and excellent trading conditions, and attractive offers. We found broker’s low trading fees, also, traders can deposit as low as $1 since the broker doesn’t have any minimum deposit requirements, and overall conditions are good.