A lot of online brokers can complicate the process of opening an account. They try to target all of their target niches and in doing so, they create a bunch of different account types. On the other hand, you have only two different account types to choose from. One account is meant for new traders whereas the other account is meant for professional traders. The best thing is that you don’t have to pay any commission on your trades when you sign up with the basic account. Things get even better when you look at the minimum deposit requirements.
- MetaTrader 4 has a lot of tools for trading, including one-click trading, instant execution, four pending order types, an in-depth history, and charts.
- Hence, if you already have an account with one of these providers then you can link up your account with them.
- A major pro was that Axi has low spreads across all the instruments we traded with Bitcoin spreads being very low.
- You can follow the real trades of ZuluTraders, which are real trades in that traders’ broker accounts.
- Forex education – Axi gets extra popularity points for their great range of Forex education materials, available through the Education tab.
- Duplitrade is an extra feature that is offered for free to all of those AxiTrader clients who have more than $5,000 in their accounts.
We were also quite disappointed that although they did have a range of educational material, there were no live courses or webinars. These are offered by numerous other brokers and are a great way to provide ongoing support to the traders. There are two types of live accounts and these are the standard and the pro accounts. These basically differ according to their fee structure as well as the amount of leverage that you can employ with them. When you first create the demo account, AxiTrader will give you $50,000 in demo funds so that you can replicate live trading conditions by placing actual trades. They will just require a few personal details before they are able to give you the demo account.
Can I try AxiTrader before I buy?
You will also have financing or “overnight” fees that are charged on those positions that are kept open overnight. This will vary depending on the interbank interest rate that is being applied on the currencies at the time. AxiTrader will charge their own spread to this which is +1.25% for a long position and -1.25% for a short position. As most traders may know, fees are one of the most important criteria when it comes to choosing a broker. We also want a broker to be transparent with the fees that they charge. Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
Again in 2017, the online broker received the award for “Most Reliable Forex Broker” from the AtoZForex.com website. In 2012, the company received its first award for the “Best Spreads” at the China International Online Trading Expo. In the same year, the subsidiary AxiCorp Limited was founded in London, which is regulated by the British financial authority, FCA. Since then, customers in Germany no longer trade directly through the Australian-based broker, but rather through the London subsidiary, AxiCorp Limited. The global group of companies focuses on foreign exchange trading and offers corresponding trading instruments, particularly for private investors. In addition, AxiCorp investors and other corporations can also benefit from the online broker’s quality-oriented trading service.
In January 2020, the Australian Securities and Investments Commission also revoked AxiCorp’s license for non-compliance with its regulatory demands. The company had made four different counts of brokerage violations under the regulator’s Financial Conduct Act 2013. The global financial authority in Dubai Financial Services Authority also governs the workings of AxiTrader.
RISK MANAGEMENT AND SECURITY FEATURES
Trading Bitcoin CFDs let you utilize leverage and do not require owning the coin or a cryptocurrency wallet. There is also no GST fee as Australian residents receive a tax exemption for Bitcoin trading. Note that the content on this site should not be considered investment advice. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive a commission from the companies we feature on this site. Founded in 2007, AxiTrader offers flexible leverage, which becomes a high gain option for a trader.
AxiTrader is an excellent agent, and its users can vouch for this. The highlight of the platform is its quick order execution on transactions. You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. You must bear in mind that PayPal is not available in every place. The monies AxiTrader accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
They offers trading on MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps. Their outstanding array of resources will be beneficial for most axitrader review traders. AxiTrader is a foreign exchange broker with its head office in Australia and provides a range of instruments for online trading.
Forex Trading Signals– You can gain access to thousands of trading strategies and place trades automatically. Also, you can create your own trading signals, develop your own strategies, and share them with traders who would like to follow you. Axi also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. Axi holds client’s money separately to the company funds and does not use these funds for any operational expenses or purposes. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
How Does AxiTrader Maintain Competitive Spreads?
The FCA also guarantees traders registered under the UK entity deposit compensation of up to £85,000 in case the broker goes bankrupt. Even in the view of its minor discrepancies and some unanswered regulatory questions, AxiTrader represents genuineness in assisting the forex trading requirements of people. In 2021 and beyond, it is expected to sustain its attractiveness as a top-ranked broker with a surging market share. The valued clients of AxiTrader have helped the brand distribute its global revenue base across multiple streams, including overnight fees and dealing spreads. Due to its regulatory compliance and best practice implementation, AxiTrader stays compliant across multiple authorities.
Forexbrokerslab is my personal blog where I compare reliable forex brokers. I have traded with the most popular forex brokers, including the most unknown ones in any regulation and many different account types. Clients of AxiTrader can use the MT4 Forex VPS hosting service from one of the third-party providers. Using a virtual private server lets clients stay online 24/7, so their trades are never accidentally interrupted by connectivity or technological issues. This is a particularly useful tool for those who utilize automated trading strategies. In that case, the strategy can be used whenever the markets are open, even when the trader sleeps.
The technology infrastructure of AxiTrader is built with advanced trading tools. They provide complete support to the automated trading experience. They run backtesting on features and user capabilities and support thousands of registered third-party plugins. https://forex-review.net/ AxiTrader does not promote any specific platform higher than the other, which makes it quite unbiased. Axi offers a trading account for Islamic traders due to religious beliefs. Islamic trading accounts featuring no swap fees or interest payments.
The broker is regulated by the top-tier UK FCA and the ASIC, which have stringent rules and enforcement mechanisms. Finally, we withdrew our funds to determine if the withdrawal process was smooth. Yes, Axitrader does have an affiliate program, so grab the opportunity to become an Axi affiliate and earn income. Fin-investing.com needs to review the security of your connection before proceeding.
In China, AxiTrader entered into a partnership with China Union Pay to help its Chinese clients process payments easily and directly to AxiTrader. Later, when their trade volume surpassed the 100 Billion Dollar mark, AxiTrader stretched its corporate brand to Germany Latin America and also to the Middle East in 2016. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC checks but AxiTrader are normally pretty quick with this. If you register for a demonstration account on AxiTrader, you will set out using a decent amount of virtual money. It is to establish a sense of safety and confidence in you until you decide to spend your own money.
What Types of Accounts Does AxiTrader Offer?
Traders-to-be have to pay careful attention when they are choosing a broker who is going to be their business partner in the dynamic and versatile Forex market. New traders have to have the security and trust to be able to trade properly. The Australian and UK AXITrader Forex broker is one of the brokers that ensures a safe and secure trading environment for its clients. The AXITrader review will give you full information on this broker and its role in the market. They seem to offer a beginner friendly trading package with personalised customer service all with the security of a well-regulated international brand. Moreover, they have a host of other features which will satisfy the professional traders among you.
Yes, trading through AxiTrader is a pleasant and good experience indeed. It’s a great and intuitive platform with helpful features for your simplicity. In addition, you can even gain access to a huge selection of educational resources and assistive material to kickstart your trading expertise. AxiTrader protects its clients’ personal and sensitive data under SSL encryption.
At the point of writing this review, the only digital asset available for CFD trades is Bitcoin. Investors who have not yet decided on AxiTrader can also try it out first using the free demo version. In the 30-day test period, the MetaTrader 4 trading platform can be tested with all its functions without any financial risk. This allows customers to try out their market strategies with realtime market data and thus ease their way into trading. If the 30 days are not enough, you can also request an extension from Axitrader customer service.
Forex markets promise large rewards but they also carry equally large risks. You need to be aware of the risks and accept them in order to start investing in the stocks, futures and Forex markets. You are advised to avoid trading with money you cannot afford to lose. We offer free signals indicating the trades that have higher chances of success. Our past performances are not indicative of the future results you may get from using the free forex signals we provide.
It is regulated by the Financial Services Authority, bearing number BC 2019. The broker has market-competitive spreads across a wide range of commodities, currencies, and indices. During liquidity, the spreads fall lowest to 0.0 pips, and AxiTrader adheres to ensure that the costs stay competitive. A live chat can also cover some training topics wherein an expert answers the questions and satisfies them. Besides the live chat feature, an FAQ section educates the clients with reliable answers and improves their trading experience.