It has gathered various awards including as the most trusted Forex broker. AxiTrader offers traders the ability to trade indices, commodities, Forex, cryptocurrencies, and some CFDs with competitive spreads.The brand was built by traders for traders. Due to this, the company understands any type of trader and strives to deliver the best service, support, and as well as materials that they can. The firm does not require a minimum deposit and any trader can start with any amount desired. You can see a variety of traders’ feedback about AxiTrader online.
AxiTrader’s Overall Ranking is 7.9 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers. AxiCorp Financial Services Pty Ltd, also known by its trading name AxiTrader, is a Forex and CFDs broker based in Australia and https://forexbroker-listing.com/ founded in 2007. After the successful operation during the first years, the broker has been ranked among the most trusted Australia’s Forex brokers with the strongest brand association. WikiFX Internet and its mobile products are an enterprise information searching tool for global users.
Further, the firm also launched its London branch in 2012, China branch in 2015. 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. As a client, you may also enjoy the possibility to have account base currency in GBP, USD, EUR, CHF, or PLN and deposit funds in those major currencies as well.
The application is extremely user-friendly, and numerous world-class trading tools and graphs are available, which makes it ideal for all forex and CFD traders. However, AxiTrader provides a splendid mobile trading application based on AxiTrader review 2023 on any Android and iOS mobile device. To maintain online security, AxiTrader does stringent compliance checks as per the standards of various regulatory authorities, AxiTrader keeps client funds in segregated trust accounts in top tier banks.
Axi has licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines.
Axi offers three MT4 market-execution accounts, two with no minimum deposits and a professional trading account with a very high minimum deposit, but extraordinarily low trading costs. The Standard Account has the trading costs included in the spread while the Pro and Elite accounts offer tighter spreads and a small commission per trade. 69.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Since there is a high risk of losing money when trading forex, it is important to decode the complicated trading process and implement some effective trading strategies. Things become simpler when trading brokers offer their financial services to assist people in their trader journey.
The regular analysis includes a weekly market preview, charts of the day, charts of the week, and a daily briefing on the market open. Once your application is approved, you can log in and fund your account in the base currency of your choosing. Axi offers trading on a good range of commodities, including gold, silver, platinum, petroleum, and soft commodities such as coffee, cocoa, and soya beans.
With AxiTrader, you won’t have to worry around the speed of executing an order as they’re quite fast and efficient in it. The broker always strives hard to offer best results every time a trader executes an order through their platform. Being a fair, honest and professional broker, AxiTrader takes the trader’s account into interest and executes the orders exactly as per the client’s requirements. In AxiTrader’s case, the trader offers the immensely popular and user friendly MT4 trading platform.
Axi still caters to a broad range of traders through its FCA regulation in the UK. The broker has a Facebook closed group where they work with market analysts to share insights and materials. Join Axi’s Facebook group now for all the market insights from professional market analysts. The spread of the standard account type starts from 1.0 pips with no commission. Find out more with AtoZ Markets Forex broker review of World markets. Today, the AxiTrader brand is regulated by FCA of Great Britain within the framework of the London organization AxiCorp Limited.
Axi has some drawbacks, though.Its product range is limitedto forex and CFDs, and its research tools lack recommendations and fundamental data. Professional and non-EU clients are not covered by negative balance protection. Axi has a great mobile trading platform, we really liked its design and user-friendliness. After you download the MT4 mobile trading platform, you have to access the Axi-Live server. Axi has a great mobile trading platform, offered by MetaTrader 4.
Please note that MT4 NexGen is free to all traders who open an AxiTrader live trading account with a minimum deposit of $1,000 and be aware that losses may exceed the deposit. It allows you to spot new opportunities and cut down money management errors by the use of its correlation trader feature. Also, it has an economic calendar that alerts you to huge events that enable you to stay on top of the market action.
So I think that’s a good thing and they are more kind of personal with you, so you don’t kind of have to go through the whole organization to get support. You can just contact them one-on-one, and they’ll be happy to help you out, which is something I’ve not seen with most brokers. Most brokers are kind of, on the side and they don’t want to really talk to you, or they don’t want to do calls with you or help you out. While, they really go out of their way to give you support, and to chat and see how you’re doing in self, which is, I think very valuable. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing.
There are a lot of positive comments, but there are negative comments too. Clients speak positively about fast support, professional terminals, a number of bonuses, the possibility of trading robots, etc. Many of them complain about the delay in time of withdrawal of funds. The bonuses in any brokerage company make trading more comfortable and encourage clients to increase transactions in the financial markets. Previously, AxiTrader represented 400-dollar trading credit bonus. This offer was available to all clients and could be obtained by speculators who traded at least 1 standard lot for 60 days.
The global financial authority in Dubai Financial Services Authority also governs the workings of AxiTrader. Being a heavily-regulated broker, AxiTrader is widely considered safe. In 2020, the broker is compliant with several top-tier authorities. With the exception of the bank wire option, all these payment methods are usually completed within 24 hours of initiating the transfer and most incur no fees. In any case, risk warnings are present all over the website on the subject of margin and leverage trading so the ultimate decision to trade or not sits with the individual. While CFDs can seem unfamiliar and scary to inexperienced users, the fact that the broker does its best to encourage education means that users should get over that hump and become informed quite quickly.
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All requests will be processed within 1-2 business days upon receipt.
Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms. Axi offers a comprehensive instructional program, which makes it a great alternative for new traders. The third-party PsyQuation trade statistics program is also a useful resource for growing traders. AxiTrader Sample Reversal PatternsPlease be aware that these patterns are only tools. It is not recommended to use as a basis for an offer to buy or sell or the solicitation of an offer to buy or sell any kind of product, whether security, financial, or any type of instrument.
As an ASIC regulated firm, AxiTrader offers excellent support and services to its clients. During the review procedure, our expert traders also discovered that the company has won several awards and accolades from financial organizations and institutions across the globe. Also, unlike other brokers, AxiTrader is open and accessible by traders from the U.S as well.
The perceived high risk of losing money when trading on AxiTrader has been debunked in this review. It is a financial service provided globally and is legit for users in the countries regulated under its authorities. AxiTrader and AxiCorp Financial Services Pty LTD are two different entities. The latter is the corporate owner of all the operating subsidiaries. The MetaTrader 4 WebTrader runs on all web browser applications.
To give you a brief summary: Axi (previously known as AxiTrader) is an Australian forex broker, regulated by top-tier authorities such as the UK's FCA and Australia's ASIC. THE ESSENCE: The minimum deposit at Axi is $0.
They have made no attempt to address my complaint or offered any acknowledgement that charging dubious fees without prior warning is bad practice. Once you complete your application, you will receive an email from us containing your login details, which include your trading account number , password, and the server your trading account is located. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. AxiCorp Financial Services Pty Ltd is regulated by Dubai Financial Services Authority under a Category 4 license with a ‘Retail’ endorsement and is not authorized to hold client assets or client money.
You can only deposit money from accounts that are in your name. In addition to bank transfer, you can use credit/debit cards, broker-to-broker transfer and several electronic wallets, as well as cryptocurrencies. There is a 3% fee for card payments and other payment methods where deposits exceed a monthly limit of $50,000.Withdrawals are free if they are above $50 or for the full balance of your account.
However, with AxiTrader you won’t have that sort of advantage and you might want to check out other forex brokers in the industry. A lot of investment, technology and market analysis goes into creating a successful online trading platform, which is precisely why one cannot blindly rely on just any online broker. As a trader, you need to collate some background details and information in addition to conducting an extensive research about the broker.