Axi Review Pros, Cons and Ratings

axitrader review

They are always looking to improve their services in order to stay up to date with the latest innovative technologies and continue to deliver excellent customer support. You even get a dedicated account manager that is available to assist you in reaching your financial goals. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. AXITrader is the trading wing of AXICorp Financial Services Pty Ltd., which is an Australian based company that has been in the industry since 2001.

Spread Betting Account

axitrader review

Here you can get a competent answer to your question usually within minutes. AxiTrader also offers its customers several options for training and continuing education. First, the online broker provides some texts that explain the basics of forex trading and CFD trading. For its regulatory limitations, AxiTrader is often considered to be a high-risk broker. The perceived high risk of losing money when trading on AxiTrader has been debunked in this AxiTrader Review 2024.

axitrader review

AxiTrader Review 2020: up to 500:1 leverage

The feature ensures that no trader accounts lose money when trading remotely from their mobile devices or web browsers. The technology suite of AxiTrader includes the MetaTrader 4 trading platform, its web app version, Myfxbook, and some additional APIs. The trading platforms run on all operating systems, including Windows, Mac, Android, and iOS. AxiTrader offers an integrated tool called MAM that enables single traders to execute trades on all accounts under one master account. It enables traders to place multiple orders at high speeds on multiple accounts.

Trading features and platforms on AxiTrader

In addition to being recognized as Australia’s most reliable Forex broker, the company is also one of the largest brokers for Forex trading in Australia. One of the best aspects of Axi Select is its competitive spreads and low fees. This makes trading more profitable, especially for high-frequency traders like myself. The platform’s transparency regarding fees and charges is commendable, ensuring there are no hidden costs.

When trading indices, the prices are given in realtime in combination with the actual performance of the financial market. The indices can also be traded short and long and the leverage can be used flexibly to control the risk. In addition, AxiTrader promises very low spreads, which means that investors can benefit from minimal price fluctuations.

Axi Trading Platforms

It is a wholly owned subsidiary of an Australian financial firm called AxiCorp Financial Services Pty Ltd. Since the broker complies with financial regulations and offers excellent customer support, clients from all over the world trust it. There isn’t any confusion with regards to the AxiTrader platforms since MT4 is the only platform available for trading. The Meta Trader terminal is indeed highly popular, and the broker hasn’t bothered with creating a proprietary platform just to satisfy a minority of traders.

  1. After more than a decade in the market, the trading platform is in business with some of the world’s biggest companies and global brands.
  2. You can still set standard alerts in the MT4 platform which do more or less the same thing.
  3. We traded the popular instrument in each market to determine the actual spreads and placed 12 trades in total.
  4. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
  5. There are two live accounts that have a demo period of 30 days after signing up.

It is not for nothing that AxiTrader has been designated the “Most Reliable Forex Broker.” The online broker is known in the industry for its outstanding customer service. AxiTrader values honest communication with its customers as well as authenticity and general transparency in all trading processes. 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. Most clients get the chance to have their account in their choice of base currency from AUD, USD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, or CAD and deposit funds.

AXITrader is one of the largest Forex brokers in Australia and is among the fastest growing companies in several parts of the world, including US, UK, and Europe. Yes, AxiTrader is an FCA-regulated broker with GBP as the base currency. They offer local phone support in the UK and allow free deposits and withdrawals through local bank transfers. AxiTrader does not incur any non-trading fee for active traders as deposits and withdrawals are free. As GBP is available as the base currency no currency conversion fee will be charged for GBP deposits.

We regret that this cannot be said for every broker we discuss in our articles. If you contact us immediately, we can help you identify a broker that best suits you. Compared to similar competitors, Axi has a great base currencies offering.

They recommended we do a bank transfer, which we did and were successful. We opened a standard account with AxiCorp Limited, which is regulated by the UK’s FCA. The main difference with Islamic accounts is that instead of daily swap rates, there is an administration fee charged if you hold positions for more than 3 nights.

I personally love this tool and think it is one of the best you can find for conducting thorough market analysis. It basically gives you professional market research in an extremely user-friendly way. I don’t need to watch charts all day if I can set Autochartist to do all of the leg work on my behalf.

The above platforms and tools help AxiTrader users stay ahead of the curve. From economic events calendar to real-time market news analysis, these tools deliver reliable forex quotes through their accurate market indicators. It can build an online investment portfolio and organize trading accounts and help users monitor these accounts from a unified interface. Traders can automatically check the data with its innovative tools that run statistical analysis. It also allows them to see their trading performance via third-party audits.

After choosing the password, traders need to choose the account type. Traders in the UK have four options namely Standard account, Pro account, Spread betting account, and Swap-free account. AxiTrader’s demo account offers a risk-free environment for traders to practice and learn with real market conditions and access to educational resources. However, it has a limited duration, and there can be emotional differences when trading with real money. It also runs through the performance statistics of traders and helps them fine-tune their approach. Autochartist is not the most effective third-party plugin AxiTrader offers to its clients.

Axi provides research tools via the MetaTrader 4 platform’s in-built features. However, the platform does not provide trade ideas or fundamental reports that could affect certain instruments. The lack of a proprietary trading platform may dissuade traders who do not like the popular MT4 platform. However, traders who prefer the MT4 platform will be right at home with AxiTrader. You can run most types of trading strategies as the broker allows high-risk strategies such as hedging and scalping.

These cover everything from the installation of the platform to detailed explanations of the individual functions, navigation and the different types of orders. AxiTrader also offers its customers some helpful tools to help them in their trading process. Once you have chosen the online broker, AxiTrader, and want to deposit money into your live account, the next step is to take a closer look at the payment methods offered. In this version, traders have access to a variety of ready-to-use trading strategies that they can apply and try out.