Forex Trading

AxiTrader Honest Review Should You Trust AxiTrader?

axitrader anmeldelse

In 2007, Axi was brought in primarily as a forex trading platform and had since led the Australian retail foreign exchange market. You can run most types of trading strategies as the broker allows high-risk strategies such as hedging and scalping. Axi processes client withdrawals via most of the payment methods available for deposit making it convenient for its clients to withdraw their funds. Axi does not charge other non-trading fees such as account inactivity fees or deposit and withdrawal fees. We recommend that you open your account with the UK entity since it is the only one that offers deposit protection to traders if it is available to you. Our research found that AxiTrader offers a full suite of  MetaTrader 4, presented in Web, Android, iPhone, and iPad versions.

axitrader anmeldelse

How do I withdraw money from Axi?

However, the platform does not provide trade ideas or fundamental reports that could affect certain instruments. Axi offers different leverage levels to its clients depending on the entity under which they registered their accounts. Looking at the spreads charged in our trades, we found that they were all lower than industry benchmarks. None of Axi’s average spreads were above industry averages, which was quite impressive. We also discovered that the broker charges extremely low spreads on Bitcoin trades as compared to its peers. It is a non-dealing desk broker and does not pass orders to market makers.

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Its operations are straightforward and its platform is highly accessible, making forex investing a breeze. Axi supports several electronic wallets, including Neteller, Skrill, Sofort, GiroPay, iDeal, Polish Internet Banking, Global Collect, and China Union Pay. However, some methods and currencies may not be available to axitrader review you based on your residency. Axi’s educational articles are grouped according to the relevant trading topics making it easy for traders to find information on specific topics. AxiTrader also provided video tutorials on how to navigate their platform. The broker could provide more video tutorials covering other topics.

🆓 What is the AxiTrader minimum deposit?

With a passion for educating the masses on blockchain technology and a commitment to unbiased, shill-free content, we unravel the complexities of the industry through in-depth research. There are of course some areas for improvement as it relates to their asset coverage and educational material. However, these are relatively easy to rectify and it is possible that with enough requests, they could include them. Our review has found AxiTrader to be an honest, respected and well-established broker. Having been in operation for over 10 years, the broker has clearly earned the kudos that have been bestowed upon it.

axitrader anmeldelse

Review of the trading conditions for traders

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. This review has been specifically done for Axi Financial Services (UK) Limited which is the FCA-regulated legal entity in the UK. Multiple pros and cons have been discussed with comparison from other FCA-regulated forex brokers in the UK. 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 (AxiTrader)’s asset offering is clearly designed for high net worth forex traders.

axitrader anmeldelse

AxiTrader review

It offers a trading platform that gives traders access to the latest market data, and the company strives to deliver exceptional client support. Traders trading with this broker will enjoy direct access to multiple destinations of liquidity in forex markets. The vision of Axi is to keep delivering remarkable trading support and become the world’s leading provider of online foreign exchange trading services.

Trusted Broker Reviews

  1. We found the PsyQuation tracking tool to be very useful for tracking our trading performance and setting trade alerts.
  2. As mentioned in the fees section, with the pro account you have much lower spreads than the standard account although you do have to pay lot commission.
  3. Something else that you will most likely want to make use of is the Economic calendar.
  4. The exclusive events and webinars for Axi Select members add significant value.

Only last year, 2018, AxiTrader gathered awards for being the winner of ‘Best MT4 Provider’ in and UK Forex Awards. It also won in the same year, ‘Most Trusted Forex Broker’, in UK Forex Awards. It must be noted that all the available instruments at AxiTrader can only be traded as CFD. This means that there is no actual buying or selling of the instruments but only the price difference is speculated and cash-settled to book profits or losses. In fact, you must log in through the email they sent you with your password credentials to be able to access your Demo account.

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. However, if you are just starting out or you do not trade with that much regularity then you should consider the standard account.

Once the broker put themselves in the traders’ shoes and starts thinking like one, it’s clear that that is a good broker to have on your side while investing. Which lead Axi to have a community of traders in around 100+ countries from all around the globe. Moreover, given that these VPSs are located in high speed datacentres, you have very little latency when it comes trade execution. This is especially important for those traders who use high frequency trading algorithms.

Additionally, you can save on currency conversion fees by opening a multi-currency bank account at a digital bank. This article delves into an in-depth review of Axi, examining its strengths and areas where it might fall short compared to its competitors. AxiTrader’s customer support team was helpful and provided direct and relevant answers to our questions, but not at all times. There are various options for funding your account, including bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller. The platform’s intuitive interface and robust tools make trading a breeze. I love how responsive the customer support team is—they’re always there to assist promptly with any queries.

axitrader anmeldelse

The company does not charge an inactivity fee and promotes simple and fast execution. The firm offers competitive spreads starting from 0.0 pips, and spread betting is possible. Axitrader has developed the MetaTrader 4 (MT4) Platform for traders to enjoy the maximum capacity to trade using the more advanced version of the famous platform in the trading industry.

Opening an account with AxiTrader is quite easy, you just need to follow the steps of the account opening process, verify your details and select the account type of your preference. We waited for 1-8 minutes before being connected to the customer service team via the live chat function. All the deposit methods offered by Axi are instant and free, we did not make a deposit via bank transfer. We traded the popular instrument in each market to determine the actual spreads and placed 12 trades in total.

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