No commission account spread proprietary testing data and published website spread information, centralised on our standard account spread page.. For those just starting out in the trading world, Axi offers a more beginner-friendly environment https://forexbroker-listing.com/ with its comprehensive educational resources and user-friendly platform. However, it’s important to consider these figures in the context of the industry average. When we do this, we see that both brokers offer competitive spreads.
AxiTrader Review 2020: Social trading, education and support
The Autochartist pattern recognition software can save you time scanning the charts by conducting automated chart analysis for you. It will show you patterns found on an instrument of your choice with a pattern quality rating. You can set alerts for when patterns are found and it can also forecast possible stop loss or take profit levels.
What is the Axi minimum deposit?
AxiTrader offers a tool box with six useful trading tools, which traders can use to make important trading decisions and maximize their profits. Demo accounts last only for 30 days, but there is way to make them permanent. At the end of thirty days, you have to open a live trading account and send the account numbers of your live and demo accounts to [email protected]. The broker will then update your demo account to permanent status.
Axi Australia FAQs
AxiTrader should provide a high-quality trading service for traders with excellent trading conditions, but other brokers offer even better Forex products with many additional benefits. Always do your research and choose a broker that satisfies your exact requirements. Our experts find AxiTrader a reliable broker since it’s regulated by good regulations from top-tier FCA and ASIC.
US Trader Accounts & AXITrader Regulation
The account opening process at AxiTrader is simple and can be completed within a few hours on a business day. Following are the steps that need to be followed to open a live trading account at AxiTrader in the UK. All the available account types at AxiTrader can be opened with GBP as the base currency along with USD, EUR, and AUD.
Axi is the best platform for trading
From beginners to seasoned traders, AxiTrader has enveloped the globe by becoming an efficient ecosystem of traders, brokers, and trading platforms. Like any other platform, AxiTrader has also been thoroughly reviewed to clear out the doubts raised by traders. The broker is also good for beginners as you have negative balance protection, with a low minimum deposit of $5, and they charge inactive account axitrader review fees only after 12 months. The Elite Account on Axi charges commissions of $3.50 (round turn) when you open or close a trade position. AxiTrader offers the popular app MetaTrader 4 (MT4 platform) to its clients and does not have a proprietary trading platform. Traders can trade via the broker’s website, as well as via the mobile and desktop MT4 applications available via Axitrader download.
The platform’s stability and consistent performance create a trustworthy trading environment. Knowing that I can rely on Axi for seamless execution and real-time data gives me confidence in my trading decisions. We consider the FCA regulation to be the best since it provides compensation of up to £85,000 in case the broker goes bankrupt. Finally, we withdrew our funds to determine if the withdrawal process was smooth. For this AxiTrader review, we opened a live account and deposited over €6,000. With Axi’s MT4 video lessons for beginners, you can learn how to utilise the world’s most popular trading platform.
As a member, the broker is subject to the Compensation Fund, which serves as insurance for its clients. A client may receive up to €20,000 per client if the broker does not comply with any Financial Commission judgment favoring the client. The AxiTrader Group holds licenses in multiple regions of the world. These licenses allow it to offer trading services in over 100 countries.
- This included comparisons to popular currency brokers including Pepperstone and IC Markets.
- New traders are likely to feel comfortable while opening an account with this process.
- The intuitive interface allows users to make informed decisions based on real-time data.
- There is no lower limit on the deposit and withdrawal amount at AxiTrader in the UK.
Registered traders can use Myfxbook to connect with their accounts and follow the trades of experienced forex traders. AxiTrader is an industry-leading online trading with thousands of trading clients worldwide. They offer competitive spreads, fee-less deposits and withdrawals, advanced tools, and support for the popular MetaTrader 4 trading platform.
The MT4 forex trading platform is ideal for forex traders of all levels. The forex trading platform is very clean, and all the charts and other trading tools are easy to find and use. This trading account is designed for beginner forex traders as it’s not a market makers account. This forex trading account spreads are wider than their Pro account however the account has no commissions. There is no official list of the countries the broker does not support. A review of the company policy shows that they are working hard to provide their trading services to traders from all countries.
No products in the cart.