Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. PsyQuation is an advanced data analytics platform that uses highly sophisticated algorithms to analyse your own individual trading style and find areas for where you could improve. You get free access if you maintain a balance of at least $500 and trade a minimum of 1 standard lot per month.
- Traders can view their trading history over time on this tab, especially the losses and profits accumulated.
- Axi mainly uses three means for deposit cards (Debit and Credit), e-wallets, and bank wire.
- CFDs are complex instruments and come with a high risk of losing money or investments rapidly due to leverage.
- You can trade forex with a vast range of major, minor and exotic FX currency pairs with tight spreads, fast execution, flexible leverage and liquidity from 14 of the world’s leading banks.
- There is a commission of around USD7 for Pro Accounts, whereas, for Standard Accounts, traders do not need to spend funds for commission.
Besides, the forex education tool encourages traders to learn about advanced trading. 24 hours multilingual customer service also provides a flexible trading experience. There are several tools provided by Axi which are very useful for beginners and pros alike.
Register your live account with Axi
Attitudes to Axi on Reddit are generally positive, though there don’t seem to be too many threads about this broker on Reddit. One user considers them a “nice enough bunch” after visiting their physical offices. He also commends their dedication to high standards of practice, especially with axi forex broker respect to their market access and spreads, and he has no problems with the re-quotes. Through this tab, traders can access market insights and updates from within the platform or from third parties. The difference between the ask and bid price of a trading instrument is called Spread.
- You can customize your trading dashboard by dragging and dropping your favorite charts and analysis tools.
- MT4 has a user friendly interface with a range of benefits and features including technical indicators for analysing charts, automated trading, one click trading, flexible charts & tools.
- This is the most widely used version of MT4, with millions of traders across the world using it to trade the financial markets.
- Axi UK must comply with the rules of the European Securities and Markets Authority (ESMA) when they are conducting their business.
These tools can be said as the main ingredients for having better or good results. Charting helps traders track and watch asset price movement and market volatility in making their trades. Please note that MT4 NexGen is free to all traders who open an AxiTrader live trading account with a minimum deposit of $1,000, and be aware that losses may exceed the deposit. When spreads and fees are compared to other Australian forex brokers, the overall result was favourable.
How to Open an Account and Trade on the Axi Desktop Platform?
This is the most widely used version of MT4, with millions of traders across the world using it to trade the financial markets. Axi’s entire range of trading instruments is available via the high-performance MT4 interface. Axi MT4 has the benefit of having invested in co-located servers and fibre optics for speedier trading. Live chat is the fastest way to contact the broker’s support team and they are polite, responsive, and knowledgeable. The other forms of support include phone and email support, and the option to leave a message on WhatsApp. The support is multilingual and the broker offers a mobile numbers list for international traders.
Broker Comparison
The Standard Account spreads start from 1.0 pips, and the Pro Account spreads start from 0.0 pips. In comparison, the Pro Account trading experience is better than the Standard Account. However, it all comes down to what you require to be effective. The Standard Account comes with higher spreads and no commission charges.
Is Axi regulated? – Regulation and safety for customers
Also, AxiTrader offers training and free educational materials every trader needs. The company has online education programs, tutorial videos, and free webinars. It has also blogs written by experienced traders that will surely inspire you while trading with this broker. We can say that these are very helpful materials for aspiring traders as well as professionals.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. All i can say is that i like the Website usability and also the Customer Services are perfect . Trading with Axi is easy and It only takes up to 3 days to transfert your profits wich is a good thing . This veteran CFD broker is well recognized globally and has earned a good reputation over the years. Thanks to the regulation and a great variety of tools we consider Axi to be a very stable broker.
Good Broker, no problems right now
However, it’s worth noting that the MT4 requires a bit of a learning curve as it has a lot more functions to explore. Axi has a proprietary trading platform based on copy trading that allows users to copy the trade moves and patterns of expert traders on the platform. Unfortunately, the copy-trading platform is not available for desktop PCs at the moment. Getting signed up and verified as a first-time Axi member is a relatively simple and straightforward process.
In this review, we will tackle the company itself (AxiTrader), its platforms, services it offers and etc. The MT4 forex trading platform is ideal for forex traders of all levels. The forex trading platform is very clean, and all the charts and other trading tools are easy to find and use. You don’t need a minimum deposit to open an Axi account and start trading. The CFD trading platform has a free demo account that you can use to try your hand at trading.
Having this many regulators is not a small feat for any broker and Axi has the potential of becoming part of popular broker lists if they make their spreads and fees a tad lower. It would help if they had separate and comprehensive tools that aren’t integrated into PsyQuation Premium. Our Axi review was created to find out how suitable this broker is to you.
I also appreciate the swap rates, which accurately reflect the global interest rate environment, free of excessive broker mark-ups, as evident at many brokers. While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs. Since the company is managed by traders themselves, they understand the need to have a great 24-hour service and give their best to deliver it to their clients. It offers an advanced and developed MetaTrader 4 (MT4) platform that allows traders to enjoy the maximum capacity to trade.