Axi Review 2024

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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. 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. Also, AxiTrader offers training and free educational materials every trader needs. The company has online education programs, tutorial videos, and free webinars.

You can simply download it from GooglePlay (for Android) or AppStore (for iOS) and start trading. I got contact from my account manager (yeah, never had one apart from TD Ameritrade) within 30 minutes if receiving account approval. They have good plug-ins for MT4 and cool analytics tools that help you be accountable (that you should if you want to be a profesional trader). Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.

  1. Research done by Chris Svorcik and Nenad Kerkez Co-founders of Elite CurrenSea, Nenad and Chris are award-winning traders with over 10 years of technical analysis and teaching experience.
  2. All of our ratings and rankings are based on the collection and validation of thousands of data points and our in-depth product testing.
  3. AxiTrader has no minimum deposit requirements, you are free to deposit any amount for its standard and PRO accounts.
  4. It has competitive spreads from 0.0 pips and fast execution with minimal slippage.
  5. The broker also allows for you to use many additional services to complement your trading such as MyFxBook, API trading, Autochartists, and PsyQuation run by AI.
  6. It has bagged several industry awards for providing satisfactory trading services to over 60,000 loyal clients in 100 countries.

For professional traders, the company offers to use the Next Generation of MT4 – MT4NexGen. The platform is filled up with better and proven features, which makes trading even better, and includes sentiment indicators, correlation traders, alarm managers, automated trade journals, and many more. This platform is available free of charge for clients who open a live account with a minimum deposit of 1,000$. I like the trading experience at Axi as the Pro account offers raw spreads from 0.0 pips for a commission of $7.00 per round lot.

What Extra Trading Services does Axi Offer?

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. Axi offers some of the best swap rates industry-wide, something I urge traders to consider who keep positions open overnight, as it makes a notable difference. Axi does charge an inactivity fee, which adds to the excellent cost structure. The broker is an Australian based merchant that was founded in 2008 with its headquarters located in Sydney.

Deposits and Withdrawals

This simple approach results in faster execution, more accurate pricing, and minimal slippage. Another benefit of Axi’s execution model is direct order filling with no requites. The Axi mobile trading platform is provided through MT4 mobile and is available through iOS, Android, and your tablet devices. Again this mobile platform is easy to use and provides comprehensive access to all markets including powerfully detailed charts and tools so that you miss none of the action even on the move. With commissions and spreads at the broker, only floating spreads are offered. These are generally kept very low and start from just 0.4 pips on an Axi standard account, and drop again to start from 0 pips on a pro account with a reasonable $3.50 a side per lot traded.

EWallets are also available and instant in the form of both Skrill and Neteller. For example, if you gave two accounts, one with a $500 balance, and the other with a $200, then your balance can go to -$500 on the other account since you have enough to cover it. Of course, the balance in the covering account will be deducted to reflect this as appropriate.

They either cancel them without informing you or attempt or attempt to frustrate you by requesting a reason for the withdrawal or rejecting previously approved banking information. Please release my funds so i can transfer my funds to Assurity Secure It seems like you’re operating a scam for a regulated broker firm. Axi’s social trading features create a collaborative community where traders can share insights, strategies, and success stories. The platform facilitates social interaction, allowing traders to learn from each other and potentially replicate successful trades.

Review of the Mobile Trading (App) by AxiTrader

This means that Axi should be very well placed to deal with you as a global trader no matter where you are located. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to Axi. The table below highlights some of the key broker areas, and the pros and cons in each. For the ones who hold multiple accounts the integrated software tool Multi Account Manager (MAM) is a great and available solution, which lets placing of large orders in bulk with speed and no limitation. AxiTrader is divided into 3 accounts – MT4 Standard Account, MT4 Pro Account, and Elite Account. Leverage is a quite known instrument, which obviously multiplies the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly.

Most of the websites of this kind offer a raw stream of consciousness by angry and happy traders alike. It is, therefore, important to keep in mind that some of the reviews will be nothing more or less than such. We’ve gone through, authoritative user-generated and broker listings/reviews websites to, hopefully, offer more clarity on the reception among its clients.

As it promotes fast processing of funds, it means that processing should take no longer than 10 minutes to reach your account, with a few exceptions. You will find an overview of the funding methods and the respective process time axitrader review below. If funds have not arrived after the indicated time, you can contact their 24-hour support team which is available 24 hours a day, Monday to Friday. First, you need to complete the application by filling up the form.

Serious traders know that when it’s time to execute your trade, there’s no time to wait. That’s why Axi invests heavily in behind-the-scenes network technology to significantly lower latency. This results in superior pricing that’s delivered faster, refreshes faster, has a greater depth of liquidity and experiences fewer outages. In terms of mobile charting indicators and studies Axi has 30, compared to the industry average of 43. Mobile charting indicators can be a useful tool to help traders analyze price trends, identify potential entry and exit points, and make informed trading decisions.

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In the same process, they also changed their existing website from axitrader.com to axi.com to match its efforts to revamp the AxiCorp brand. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site.

I had also provided my all proof to them but still they are making lame excuses and are not adding my funds into my account from more than a week. Combined with the ability to speed up the client-side of your MT4 platform, when you execute with Axi you can be confident your trade will be delivered faster than with typical ECN technologies. Determining the legitimacy of a forex broker (and avoiding forex scams) can be a real challenge.

This is still very competitive in comparison with other major brokers. Again you will have access to more than 140 tradable markets with the same range of great additional features. Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.

From the above, we can easily deduce that the spreads offered by Axi are within the range of those offered by the big names in the industry, such as IC Markets and IG Markets. After filling in the account creation forms and uploading the relevant documents, you will have to wait until the broker verifies your account. When your trading account is verified, you are welcome to fund your trading account using any of the payment methods available on the broker’s website. The website is encrypted to ensure the safety of your personal information. However, it is lacking CFTC regulation, so Axi cannot provide its services to US citizens or residents.