The primary reason why the AxiTrader Forex trading platform prefers to use the popular MetaTrader 4 is that the application is built for traders of all experience levels. Traders can opt for similar order types and order time limits as AxiTrader’s web platform. Further, the trading platform also offers several trading packages like MetaTrader 4 NextGen add-on for users who make a min deposit of $1000. Users need to open an account with AxiTrader which offers fast execution.
Is Axitrader Safe?
The short answer is yes; AxiTrader stands out as a safe and reliable broker. So you can open an account with it by going through our AxiTrader review content above, where all aspects of this platform are covered.
Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets. Contact Summitrecoup Dtcm to help recover all your scammed funds. Got all my funds recovered after weeks of getting in touch with them… over $256,850 recovered after my trust wallet account was being hacked and manipulated. I was scammed twice before by fake recovery company who said they could help but didn’t. Tight spreads and fast execution + Servers based in New York. Our preferred Forex and CFD’s broker platform and trusted long term partner AXI , is offering to reimburse all new LTTTM members the cost of Nial Fuller’s Professional Forex Trading Course.
Education and resources
An online trading course by AxiTrader is available for new traders, giving them access to all the tools that train them in becoming a better trader. This axitrader review finds the training aspect of the software quite impressive. Outsourced training is further complemented by in-house educational content, which contains high-quality articles. It can build an online investment portfolio and organize trading accounts and help users monitor these accounts from a unified interface.
We are not liable for losses that resulting from the information provided on our site. As an established international group of companies, AxiTrader provides financial products focused on foreign exchange, primarily for retail investors. Tight spreads and fast execution come as standard on all accounts. The AxiTrader’s clients as well enjoying direct access to various liquidity providers from over 14 world’s largest banks. Spreads and commissions vary depending on what kinds of trading accounts you are holding. The minimum spreads in the Standard account start from 0.4 pips, and 0 pips in the Pro account, with a commission of $7 per lot.
I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom. The tool shows you when you make mistakes and helps you improve your trades. The tool can tell you when you should trade by using support and resistance level. Support and resistance are the fundamental points in technical analysis, so many traders base their strategies around these points. Relatively new traders in the market will find this tool very useful.
Axi Review 2023 – Trade with a Trusted Broker
While Axi does not offer deposit bonuses, it presently maintains two promotions for affiliates. Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy. I also believe that the trading conditions at Axi are better than any deposit bonus and the absence of it non-essential.
AxiTrader also allows B2B fund transfers from two separate companies, so a trader can easily transfer his/her trading account from another brokerage firm to AxiTrader. A client of AxiTrader can enjoy the possibility of having financial account base currency in GBP, CHF, USD, EUR, or PLN as well as deposit funds in these major currencies also. Besides, the online trading platform has no mandatory minimum deposit requirements, and traders are free to deposit any amount.
During this time, it has expanded significantly and today is ready to meet the requirements of the most fastidious client, regardless of whether he or she is an investor or a trader. The AXITrader customer support seems to be well-equipped and offers competent assistance if traders reach a dead end and do not know what to do. The customer support is available 24/7 and can be reached via phone, e-mail, but traders can also request a call back or chat. The customer support is available in nine different countries like Germany, China, Singapore, Spain, etc. Overall, this broker seems to be a decent broker who offers fair trading conditions and provides all necessary assistance and tools to keep their traders satisfied. The Forex market is all about depositing and withdrawing, and money circulation has to run smooth on both sides of the end.
Users do not have to share personal details like the history of bank transfers, transactions, account details, or any bank statement, etc. The AxiTrader Dubai branch was established in 2018 and is controlled by the Dubai Financial Services Authority . With its strong foothold in the UK, the firm is currently trying hard to capture the European retail trading market. In this video series called “Let’s Talk Brokers”, I review Forex brokers to help you choose the best broker for your needs.
Is Axi regulated?
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.
Right now, they host over 40,000 traders with 8 offices around the world to ensure smooth sailing. In 2016, AxiCorp announced that it had received a significant strategic investment from RGT – a leading Australian private equity firm. The goal of this initiative was to help drive its global growth. With a great reputation, making them an excellent choice for both learning and expert traders. The London-based brand of AxiTrader launched in 2012, and when they expanded by 2015, they had hit $100 billion in monthly volume moved by clients. Withdrawals, isn’t back into the funding credit card like, mentioned in the company documents.
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In fact, during a live chat discussion we managed to get answers to all our queries and concerns regarding forex trading and account opening and operating. For experienced traders who value simple https://forex-reviews.org/ account options, strict regulation and the heavily customisable MT4 platform, Axi is a very tempting option. Axi also extends to fees and spreads, with no fees on deposit or withdrawal.
This is another aspect where AxiTrader certainly excels in terms of training and educating traders. It goes without saying that a broker must be adept at executing both deposit and withdrawal requests. However, this is one area where you’ll certainly want AxiTrader to be more prompt in terms of releasing funds.
The main benefit of using third-party platforms such as MT4 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker. Axi’s trading tools transform the MT4 platform into a state-of-the-art trading terminal. We were impressed to find that both Axi’s minimum deposits and ongoing trading costs are significantly lower than most other brokers. No matter which entity British traders choose, Axi segregates its client funds from its operational funds at top-tier banks and issues monthly statements to its clients.
It is important to note that high leverage has an inverse effect as well, where it could work in reverse of the trade. Please note that an AxiTrader user may lose money when trading a Swap Fee. This adjustment reflects the comparative difference between yield or interest rates on the underlying financial instruments. A live chat can also cover some training topics wherein an expert answers the questions and satisfies them. Besides the live chat feature, an FAQ section educates the clients with reliable answers and improves their trading experience.
Long-term experience is always a plus for traders who believe that the old-school companies can offer more. The broker was awarded several times for best performance, the most trustworthy broker in Australia, etc. The AXITrader is regulated by ASIC and the FCA since its main seat is in Australia and the branch office in the UK. This is good news for all AXITrader investors since both regulators are known as responsible institutions which genuinely try to keep the financial market safe and fraudsters away. The most surprising info about this broker is that it accepts US clients since European brokers never do.
Support said they will look into it… Still waiting 24 hours later. God knows for how long this issue persists… They are either amateurs or frauds. I just hope i will be able to get my money and GTF out of there as soon as possible. Hi Marcel, thank you for taking the time to leave us a review. Our team is already conducting an investigation about this matter and we believe that you are already in contact with one of our representative who’s assisting you in resolving your concern. In order for us to assist you, may we please ask you to provide us with your full name, email address registered and the detail of your concern?
- All new and existing clients have dedicated account management and access to customer support 24/5 via telephone, email, and live chat.
- This broker provides maximum flexibility on deposit requirements for all traders.
- So, we can take this onboard for investigation and get back to you once we have an update.
- This is one aspect of online trading, which has gained a lot of popularity and prominence in the last few years.
- You can access 140+ currency pairs for forex markets, a $0 minimum deposit, and fast execution with award-winning customer support all from one location through MT4.
The protections offered to clients by the organization include a compensation fund of €20,000 per client. AxiTrader hosts an education section with resources aimed at helping people understand trading, the structure of the markets, how to use technology platforms and similar guides and tutorials. Overall, AxiTrader Platforms are ranked 7.9 out of 10 compared to over 500 other brokers.
However, with AxiTrader you won’t have that sort of advantage and you might want to check out other forex brokers in the industry. Besides, traders can also contact the customer support executives on the broker’s toll free number in Australia. Apart from this, the broker provides dedicated account managers to their clients who’re looking for personalized support and services for monitoring and managing their accounts. While, reviewing the broker’s customer support services, we discovered that they’re quite efficient in this particular area. It was easy to get in touch with their customer desk and acquire support from their customer support representative.
AxiTrader has a solid reputation, even though there are some issues with the license in Australia and the subsidiary regulated in St. Vincent and the Grenadines. AxiCorp Financial Services is the parent company and owner of all subsidiaries operating under the AxiTrader name. At the moment, over 100 countries are eligible to trade with AxiTrader.
Is AXI a trusted broker?
Axi is a legit broker that is regulated by the financial authorities of Australia and the UK, among others. European clients are eligible for investor protection and negative balance protection. You can't open an account at Axi if you live in United States.
However, Axi clients that are onboarded through the SVG FSA will not have negative balance protection. On the other hand, the SVG FSA is not considered a regulator and does not supervise trading or protect traders, but allows Axi to provide its traders with much higher leverage. Should they choose the FSA SVG, British clients must rely solely on the reputation of Axi as no additional measures exist to ensure client protection. The presence of a demo account at any brokerage company in many respects predetermines the further success of its users.
Things become simpler when trading brokers offer their financial services to assist people in their trader journey. Customer support is another area where one requires fast and efficient services from the broker. As a trader, you may encounter several issues while placing trades or opening/closing trade positions. You may also have queries, concerns and grievances with regard to spreads, charts and forex signals or even the funds deposited and withdrawn from your trading accounts. 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.
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 review. It is a financial service provided globally and is legit for users in the countries regulated under its authorities.