Axi Reviews and Pricing 2023

The history of the company is that it was built for traders by traders, and it was a two-person startup that has now turned into a global corporation. Besides being regulated and winning numerous awards, they also have a high rating on TrustPilot . Axi.com offers ultra-competitive pricing, award-winning 24/5 support, high-performance trading technology, lightning-fast execution, and free trading education.

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.

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money. 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.

• Axi are a regulated broker that must be compliant with strict regulations and standards that are put in place to protect investors.
• You can learn more about the suspension and what it means here.
• Axi is regulated by two tier-1 regulators and one tier-2 regulator .
• In addition to this, the lack of 24/7 support is a definite disadvantage.
• The FCA also requires AxiTrader to maintain fair, transparent and honest trading processes on a consistent basis.

Yes, scalping is allowed by Axi meaning if you are a scalper then the broker is an excellent choice thanks to the supportive environment, low spreads, and fast ECN execution. Besides, the broker also allows hedging and copy trading sophisticated strategies allowing traders to improve their trading experience. Thus, the broker is regulated and authorized by the Financial Conduct Authority of the UK . The FCA requires the broker to maintain adequate amount of capital in addition to offering outstanding risk management tools to its clients worldwide.

Axi vs IC Markets Forex Broker Comparison [2023 Updated]

The product range is somewhat limited to just CFDs and Forex. It would help if they had separate and comprehensive tools that aren’t integrated into PsyQuation Premium. Our AxiTrader review was created to find out how suitable this broker is to you. They are regulated by respected agencies like FCA, ASIC, and DFSA.

Their forex fees are low, and they also offer great support and an array of free educational material; plus, they have invested in their MT4 trading platform, giving it extra features. Thus if you like MT4, require lots of learning material, and want good customer support, then this broker may be for you. It should also be noted that Axi offers trading accounts tailored to Islamic traders. These accounts are perfect for clients who are unable to pay interest or earn due to religious beliefs. Axi offers its clients the ability to trade over 70 forex pairs and boasts of having super competitive spreads with super fast execution times.

I can’t withdraw from Axi

The Axi Community completed an excellent set of value-added services at Axi, all intended to promote better traders. I saw that they accept cryptocurrency deposits and withdrawals, but I haven’t used this method with them yet. At the time I deposited, the profits had to be withdrawn by a bank account and not by crypto too, so I decided to do it by bank transfer. As for education, we found that AxiTrader offers a good choice of educational materials including a huge choice of more than 60 video tutorials. The broker also offers video tutorials on MT4 trading as well, and multiple articles and eBooks regarding Crypto trading and both forex and stock markets to keep clients up to date. The broker also presents its Axi Academy educational portals with a great variety of free learning courses.

Note that you will also need to provide a copy of your bank statement and proof of residence during the application, so you are able to fund your account. Like with many online brokers, Axi.com lets you trade assets in the form of CFDs. This means in terms of all the assets that they offer; you are not actually purchasing the asset but rather taking a position and estimating the future value of the asset. On our website, you can see that some users have reported scams. Axi does not provide details of access, we can only assume by the text it gives that Axi accepts at least international bank wire withdrawals. In contrast, the support available via Axi’s phone helpline was useful and informative.

Opening Your Axi Account

The relevance of answers is all customers care about when dealing with customer service. You will be happy to know that they have the correct and full answers to your questions. All these provisions come together to ensure that new traders can learn what they need to know before signing up for an account. Even the education part is outsourced to the PsyQuation Premium platform that alerts you to mistakes while trying to make you a better trader. If you want to learn more, you can access additional information. The tool shows you when you make mistakes and helps you improve your trades.

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. They give you direct access to the latest axi review market data with multiple liquidity providers (LP’s) from 14 of the world’s largest banks, for live pricing and superior trading conditions. Servers are located close to the exchange in New York, for improved trade execution. Generally speaking, the more liquidity providers a broker has, the better prices you can get.

Pepperstone charges $14.9, $11.9, $3.7 and $12.5 respectively for the same pairs. IC Markets charges $15.8, $10.6, $4.8 and $12.1 respectively. There is no official mention of any AxiTrader deposit bonus or promotion of that kind. If you find anyone offering a bonus in the name of AxiTrader, you would be wise to ignore it. Scammers always pretend to be from a legit broker and try to con people.

Professional and non-EU clients are not covered by negative balance protection. You can also useCopy Trading, another social trading feature. This allows you to identify successful traders and follow their trades, which are then translated into real trades in your own broker account. To access this feature, you have to download the Axi Copy Trading platform, then link your MT4 account to it. After these steps you can start searching for traders to copy. However my withdrawal on my commission on bringing clients has been unsuccessful since June!

In terms of the available platforms that Axi offers its clients, they are able to use MT4 and their “copy trading” proprietary app. When adequate help is generally available via Axi’s customer service, you’ll only be able to make contact 24/5. With no 24x7x365 access to customer support, users might find themselves waiting a considerable period of time before being able to get the help they need. Axi features a news feed on its MT4 platform, which is useful for traders and something that many other brokers have overlooked.

Give me my money 😡

Our ultimate guide to the Axi minimum deposit is updated regularly. The general educational videos have great quality and cover a lot of topics, like trading psychology and forex trading. You can use a demo account, watch high-quality videos and read great ebooks. The stock index, commodity, crypto and stock CFD selection is average, although it is constantly expanding. Meanwhile, other products, such as stocks, ETFs and bond CFDs are not available.

This software continuously analyses your trading performance, specifically your trading style. It then compares the data and provides intraday charting and current updated performance impact analysis. Essentially, this software monitors your trades, analyzes the data, and informs you how to make better trades.

Can traders from the United States open an Axi trading account?

This can be a great way to familiarise yourself with the trading platforms and practice your trading strategies with virtual funds, risk free. Once you feel confident enough to trade with real money, you can then consider opening a live account. I would always start on https://forexarena.net/ a demo account to see how things go when trying a new system or broker. MT4 Standard Account offers 80 currency pairs, no commission, no minimum deposit, free setup, and download. It is designed for fast and simple execution with the use of MT4’s one-click trading.

However, it can take some time for your account to become accessible. In this instance, it was two business days until our account was available to use. A review conducted on the said regulated service proved that AxiTrader is completely legit under St.Vincent’s authority and the Grenadines Commercial Intellectual Property Office. AxiTrader is not replicated by the country’s regulator – the Financial Services Authority.

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.

The agent responded to a separate issue while failing to resolve our initial question and, during another request for help, inaccurate information regarding CFD indexes charges was given. Yield Curve Analysis – Assess the spreads and yield curve of various countries over a specific amount of time. If you own this website you can update your company data and manage your reviews for free. We recommend you read our article “How to recognize counterfeit products” before you proceed. This website has received one or more votes that it may be selling fake products.