You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Don’t normally write reviews but after being with 4 different brokers and 1 prop firm, Axi is probably the best for personal/live accounts. The deposits into MT4 accounts are instant, withdraws take about 24hours. Never had any issues with them so far and been with them for about 9 months. As for the important question about margins, Axi offers access to flexible leverage options.
- Secondly, although they do offer cryptocurrency trading, the margin levels are very disappointing.
- They are authorised, licensed and regulated by the Australian Securities and Investment Commission (ASIC) as well as the Financial Conduct Authority (FCA) of the United Kingdom.
- I always recommend that traders check them before evaluating the total trading costs.
- By doing your due diligence and understanding Axitrader platform, you can make informed investment choices that align with your financial goals.
These indicators can provide valuable insights into market movements, allowing Axitrader traders to potentially stay one step ahead. Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store. Axitrader customers have instant access to the financial market and can completely manage a Portfolio on the go. If you want to trade currency pairs on global Forex markets, Axitrader offer over 100 currency pairs. When considering Axitrader for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Axitrader, is to assess the broker’s regulatory status and administrative body.
Pros and Cons: a summary
Stop Loss orders are guaranteed only during market hours and under normal trading conditions. Axitrader withdrawal fees vary on payment method.Axitrader doesn’t charge inactivity fees. Throughout our comprehensive Axitrader review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality.
However, Axi offers a small number of tradable instruments, about 130, and does not offer ETFs and stocks, which is a drawback. Traders can also change the leverage level of their accounts after registration. However, you cannot withdraw funds back to a credit/debit card even if you funded your account using this method. The registration process took a total of 15 minutes and our account was approved on the next day, which was expected. We tested the entire process when opening our account, and it was fully digital. The broker is regulated by the top-tier UK FCA and the ASIC, which have stringent rules and enforcement mechanisms.
AxiTrader Trading Platforms
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. We will show you an example of the basics of using Axitrader leverage. Like other brokers, Axitrader margin requirements can differ depending on the traded instrument.
It is an expensive account, and I recommend traders opt for the Pro alternative. The commission of $7.00 per round lot remains competitive, and spreads start as low as 0.0 pips, an ideal combination for algorithmic traders and scalpers. The Axitrader MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Axitrader traders detailed market tools. 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. MT4 on Axitrader offers traders comprehensive features and tools to enhance their trading performance.
No requotes can provide Axitrader traders with greater confidence and peace of mind when trading on the Axitrader platform. It’s worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of Axitrader trades. MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment. However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link.
Fees & Commissions
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. Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. It’s worth noting that the expiration date of the proof of address document may differ for different entities under Axitrader Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience.
This means that Axi should be very well placed to deal with you as a global trader no matter where you are located. This makes Axi a great place if you want to try spread betting at a low starting cost. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to Axi.
Axitrader is regulated,
governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers’ behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Axitrader you should be sure they’re legitimate online agent. Axitrader is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Axitrader going into insolvency.
Axitrader are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Axitrader and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Axitrader has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, Axitrader will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Axitrader, you can enjoy peace of mind and focus on your trading activities. If Axitrader violate any regulatory rules their regulated status could be stripped.
We downloaded the book and it appears to be pretty stock and standard (not a customised solution). Hence, if you already have an account with one of these providers then you can link up your account with them. If you do not have an account then you can easily create one straight from the AxiTrader website. While it is great that you have so many options for trading with the MT4, we would suggest that you err towards the computer client. This is because it is easier to complete your charting on this and there is also much less latency than there is on a web version.
The execution speed may not fully mimic live trading, and some account features might be limited. It’s a valuable tool for practice, but traders should be aware of the distinctions between demo and live trading. There are two different fee structures at AxiTrader that depend on the account type chosen by the trader. The Standard account is a spread-only account with no trading commission while the Pro and Elite account offers low-spread trading at the expense of a trading commission. The best part is that upon reviewing the platform, trading data was 100% open instead of being restricted to a few percentages like most copy or social trading platforms provide. Axi offers dynamic spreads in all their accounts (meaning that they constantly change) yet they do adjust their base offer depending on the account type a trader opens.
AxiTrader: Features and Services
Yes, AxiTrader is an ASIC-regulated forex and CFD broker that uses the market maker trade execution techniques. They can take another side of the trade but are well regulated and transparent and can be considered safe. Clients residing in Australia can deposit and withdraw at AxiTrader through Debit/credit cards, e-wallets, axitrader review bank transfers, and cryptocurrencies. Executives at AxiTrader will verify your details with the document before you can start trading. Once the account is verified, the account opening process is almost complete. Traders can also choose the account currency in this step between AUD, GBP, CHF, EUR, PLN, and USD.