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. We contacted the broker’s customer support team to resolve the challenges we faced. The broker has an education center with different free training materials for traders at all levels. These materials include eBooks, webinars, video tutorials, and a glossary of trading terminologies and cover basic, intermediate, and advanced trading topics.

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Traders can also request permanent status for their demo accounts through live chat. The Pro Account offers improved trading conditions which is more suitable for seasoned traders. Demo Accounts are another feature offered by AxiTrader for practicing trading with fake funds that are available on the AxiTrader login page after you open an account. Being regulated by numerous reputable authorities is excellent, and it’s crucial to be open and honest about fees, account types, withdrawals and deposits, and other matters.

MetaTrader 4 (MT

MT4 NexGen is available free of charge for all traders who create a live trading account at AxiTrader and deposit at least $1000. Before you open a live account, read the online broker’s client agreement document, execution policy, and CFDs & forex product schedule. When you open a demo account, you get $50,000 in virtual funds in your account. Your demo account comes with 24/5 customer support and dedicated account managers. Axi outsources its live chat customer support to specialised agencies. The first agency we dealt with told us that our Neteller withdrawal was cancelled due to a technical issue.

How to Open Account at AxiTrader

1. They provide security to their investors by maintaining a physical presence.
2. Traders need to answer a few basic questions like experience in the forex market and a few other questions.
3. Part of the reason Axi is considered trustworthy is because of the excellent customer service they provide.
4. If you find any of the features appealing to you, reach out to AxiTrader to test the functionality on a demo or a live account.
5. The forex trading platform is very clean, and all the charts and other trading tools are easy to find and use.

This practice eliminates the misconception that new accounts lose money when trading forex. Axi customer service is not so good as they respond only on the live chat, while the email support is not responsive. The broker’s website is easy to navigate and contains up-to-date information about the company and their trading conditions. AxiTrader offers support and service to its clients whenever they need it. The broker has an international team of customer support representatives from 12 countries.

Prompt action taken to resolve issues …

While Axi offers a demo account with flexible options concerning the account balance, base currency, and leverage, it is limited to 30 days. Therefore, I consider it pointless, as traders use demo accounts to test applications and trading strategies, which requires significantly more than 30 days. Traders have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.4 pips, carries costs roughly three times above that and beyond. It is an expensive account, and I recommend traders opt for the Pro alternative. The commission of $7.00 per round lot remains competitive, and spreads start as low as 0.0 pips, an ideal combination for algorithmic traders and scalpers.

The only requirements are name, country, e-mail, phone number, and application type, which took me less than 30 seconds to complete. New accounts require verification, following well-established industry practices. A copy of the ID and one proof of residency documents generally satisfies this step and completes KYC/AML stipulations.

Although it may not be fully unique, the MT4 NextGen is one of the core strengths of AxiTrader. If you find any of the features appealing to you, reach out to AxiTrader to test the functionality on a demo or a live account. AxiTrader account can be funded by several options including Moneybookers/Skrill, Neteller, Wire Transfer, Credit axitrader review Card, and BPAY. Also, there are selected companies with whom the company allows broker-to-broker transfers, so you can either transfer your account from another brokerage to AxiTrader. AxiCorp Financial Services Pty Ltd, also known by its trading name AxiTrader, is a Forex and CFDs broker based in Australia and founded in 2007.

In 2019 they won the “best forex broker” in Europe and the Middle East. That same year they also received Best MT4 Forex Broker recognition, and this year ADVFN gave them the International Financial Award. 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.

Equity CFDs are notably missing, which is a negative in my book as I trade them, but Forex traders have a good selection. Here is a screenshot of the Axi MT4 Pro trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds.

There is likely to be a high risk of losing money when trading with the AxiCorp Financial Services Pty LTD because the license stands suspended. Till the time it gets reinstated, traders may find the trading platform a bit dicey. An oversight in the administration of this company has resulted in the suspension of its license. Users located in off-shore jurisdictions may not be subjected to this suspension order.

You can see real-time pricing, place and manage trades, examine account history, monitor positions, customise charts, set alerts, and many other things. This is beneficial for traders who need to access their accounts while on the go. MT4 mobile is free to download from the respective app stores on both Android and iOS. Our Compare Forex Brokers’ Axi review found that it has a US subsidiary called Axi USA. This is the avenue US-based traders need to choose to trade forex to meet American regulation.

When it comes to trust and regulation, both IC Markets and Axi have established themselves as reputable brokers in the industry. They are both regulated by prominent financial authorities, ensuring that traders’ funds and interests are safeguarded. Advanced Trading Tools is an enhancement tool offered for the MT4 IC Markets. This tool offers traders 20 advanced features to assist with decisions, trade management and execution. Advanced Trading Tools consists of many of the same features that NexGen however there are some additional features. Smart Lines utilises objects drawn on charts that can be used to become a take-profit or stop-loss position.

This account does not have the lowest spreads but on the plus side, there is no commission fee. Overall, I found the cost to be the same whether you paid the commission separately or have it included within the spread. The main difference between the accounts are the spreads, commission and minimum deposit required.

Note that withdrawals less than US$50 dollar will attract withdrawal fees of about US$25 and Axi currently does not support withdrawals to cards. Cards and e-wallets deposits are credited instantly while it can take 1 to 3 business days for bank transfer deposits to be credited to your account. Although the broker recommends a minimum deposit of $200 to enable https://forexbroker-listing.com/ you to open larger trade sizes, you can deposit less than this amount. Axi operates a variable spreads system, which means that the spreads will fluctuate during the day to reflect market movements. The spreads on Axi depend on the instrument you are trading and your account type. They can also share their strategies will millions of other traders who use MT4.

The correlation trader will show you the correlation between different instruments and can help to find potential trading opportunities and for order management. This regulation gives me confidence that they are a broker who I can trust with my funds, so I am able to focus on my trading without any worries. I would always prefer to use a regulated broker as they should always operate in a transparent manner. 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. The FAQ list is comprehensive and since some of the basic information was not easily accessible on the website pages, this was a clear benefit to new traders.

Axi broker is a great choice for any trader looking for a reliable and efficient broker. The site navigation is very nice and offers the best graphical user interface, which makes it ideal for all forex traders. 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. Traders can make use of the Autochartist and Myfxbook Autotrade, which is a social-based trade community.

AxiTrader has no minimum deposit requirements, you are free to deposit any amount for its standard and PRO accounts. In this case, the client’s funds are safely kept in segregated accounts with top-tier banks and secured by compensation schemes. As well as all online transactions, executions, or traders’ manipulations are fully encrypted and follow operational guidelines. In 2017, Axi was awarded the most reliable broker by atoZforex.com. Axi has a reputation for being one of the most trustworthy brokers. Part of the reason Axi is considered trustworthy is because of the excellent customer service they provide.

I can highly recommend Axi, particularly the unit operating out of St. Vincent and the Grenadines, due to it. You simply complete the registration form and verify your email address. You will then need to upload proof of identification and address for KYC purposes. Once verified, you will then be able to fund your account and start trading. Customer support is on hand to assist you during the process if required. I didn’t have any problems during signup and completed it within minutes.