Leverage means that you can make substantial profits, but it can be dangerous as losses are also magnified, and you will still have to pay back the borrowed amount. Research the best forex trading software before you risk your money. Axi is a fully digital and user-friendly forex and CFD trading broker operating on the MetaTrader4 (MT4) platform, a trading platform that connects to brokers. Axi offers user education and a copy trading facility while using artificial intelligence (AL) and machine learning (ML) to coach users on improving trades.
- Their trading platforms extend MAC and Windows PC and mobile trading tools like smartphone devices such as the iPhone and Android phones and iPad and Android.
- Depending on the trading strategy, it may become the most significant fee per trade.
- I like that there is a generous selection of deposit and withdrawal methods for us to choose from.
- You can choose from low spreads with a small commission fee or pay no commission but have a spread mark-up instead.
The broker has tight spreads, fast trade execution speeds and low commission fees. In addition to this, you also get a choice of convenient deposit/withdrawal methods, helpful trading tools, educational materials and 24/5 support. The minimum deposit is just $1 or there is an option for a demo account if you want to start trading risk free. Australian forex traders have different requirements from forex brokers ranging from leverage, fees to features. This Axi review was based on our trading platform comparison, focusing on broker features as a focal point. If you have a different priority, then visit our homepage and view our other forex broker comparison charts.
Is Axi a legit broker?
Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy. 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 axi review malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
- Axi supports more languages than the competitors, but the client support is better with TMGM and Pepperstone.
- There is a markets blog where you can read about the latest market news.
- Commodity trading is the buying and selling of raw materials, such as crude oil, wheat, corn, rice, and so on, which are important to the global economy.
- Learn everything you need to know about swing trading and how it works in this guide.
You can choose from the standard or pro accounts that are flexible depending on your individual needs. I appreciate that all of the accounts feature simple and secure funding, advanced trading platforms and powerful tools for finding trading signals. Axi requires a minimum deposit of $0 for all live account types, and it will not charge any fees on deposits. However, as with many brokers, you should be aware that there may be charges from the payment providers, which are beyond Axi’s control. The demo account is a practice account that comes loaded with virtual funds for practice purposes only. Beginner traders have access to a well-presented educational portal, and I think the PsyQuation trading analytics platform represents the best tool for traders at Axi.
Let us provide a breakdown of those two categories and see how Axi has positioned itself on this front. Trustpilot is assessing this review in accordance with our flagging process. I invested 3Lakh ,800$ she scammed me totally unfair.you can’t even withdrawal your money ,he said to invest move 300$ so you can withdraw your money….
Open direct channels of communication with professional traders and highly experienced analysts, then trade alongside them as they take on the markets every day. It is important to emphasise that signal performances are based on historical performance and there is no guarantee on future performance. If you are looking for a dedicated social trading platform, then eToro would be my top choice.
These are spread across the major, minor and exotic currency pairs. Trading Forex with Axi gives you several advantages, including security and negative balance protection. Apart from Forex trading, Axi allows traders to buy and sell over 150 financial instruments across different asset classes. But, 130 financial instruments cannot compare with what its major competitors, such as IG or IC Markets, offer. Also, we found that Axi has a bit limited diversity of asset classes, as it does not offer CFDs on bonds, futures, options, or interest rates. Axi’s traders are allowed to trade various financial assets from the convenience of their mobile devices through a mobile trading app.
For international bank wire transfers, your bank may charge you a receiving fee. This non-transactional fee is your responsibility; please check with your bank if you are unsure. Also, the broker will require Proof of Identity and Proof of Source of Funds before processing withdrawals through international transfers. When you invest in stocks, you pay the total price up-front to take some ownership of an asset and can only profit when the price of the stock increases. However, when you trade stock CFDs, you’re simply betting on the price movements, so you have the advantage of profiting from price movements in any direction. I got contact from my account manager (yeah, never had one apart from TD Ameritrade) within 30 minutes if receiving account approval.
Revisione e test Axi – Quanto è buono il broker?
To keep costs low, AxiTrader does not widen the spread but instead charges a commission of $7USD round trip for each standard lot. The FCA and ASIC are top-tier regulatory authorities that provide traders with the assurance that a company is fully transparent and ethical in its business dealings. Tier 1 regulation also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks. This way, the risk of fraudulent behavior by the brokerage is kept at a minimum.
Interestingly, the MT4 mobile app is designed to effortlessly narrow down the full functionality of the desktop platform to the small screens of mobile smartphones. The broker provides traders with the popular MT4 trading platform. A $7.0 commission for a 1 Lot trade is similar to what other brokers such as IC Markets will charge, but it is not the lowest in the industry. The broker has since grown into a multinational retail broker with offices in the United Kingdom, Australia, South Africa, and Saint Vincent and the Grenadines. It has bagged several industry awards for providing satisfactory trading services to over 60,000 loyal clients in 100 countries. In 2020 alone (FY20), the broker recorded over $2.5 trillion worth of trades.
Axi Типы счетов
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. You will find a good choice of trading tools that can be used for assisting with your trading. I like that they are providing signals, chart analysis, multiple account management and more. The FIX API is great for those who need an institutional trading environment.
The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. Featuring no swap fees or interest payments, this account is the ideal solution for those who are unable to earn or pay interest due to religious beliefs. Simply send support a request and they can switch your account over for you if you follow the Muslim faith.
Sentiment analysis is often used as part of a contrarian trading strategy. After all, it is the sentiment that moves the market most of the time. I believe this is a tool that should be readily available in all platforms. 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.