Axi AxiTrader Review Low Commission Forex Broker Trading Signals and Asset Management

Besides Autochartist, I like that Axi aims to help traders achieve goals. As an algorithmic trader, I appreciate API trading at Axi, as it allows me to connect advanced trading solutions to the Axi trading environment, and VPS hosting is also available. 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. Though AxiTrader is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses. In this review, we will take an in-depth look at AxiTrader, exploring its features, pros, cons, and more.

AxiTrader Fees

Plus, the reset option feels fair, especially when you hit a rough patch but want to stay in the program. Axi’s web-based terminal is responsive and accessible on any device. I can manage trades from my phone at lunch, check charts on my tablet in bed, and switch to desktop for deep analysis. Compared to some of its competitors, Axi’s asset variety is more limited. Brokers like Forex.com and FP Markets offer a much broader selection of instruments, which can be a significant advantage for traders looking to diversify their portfolios. As a client, you may also benefit from the option to hold your account in GBP, USD, EUR, CHF, or PLN, and deposit funds in those major currencies as well.

• Below we give an overview of the account types that Axitrader offer.
• In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities.
• They can take another side of the trade but are well regulated and transparent and can be considered safe.
• Our editorial team spends a significant amount of hours on research, but the information is not legal or professional advice.

It lets you analyse your trades and copy strategies from other traders. You can search for systems that meet your requirement by filtering statistics that matter the most to you. The copy trading app can be downloaded on Android and iOS devices to copy any trader at Axi.

Any accounts available for copying have not been authorised or approved by Axi. For over a decade, DailyForex has been the trusted Forex broker authority, establishing an unrivalled reputation for rigorous research and journalistic integrity. With a methodology axitrader review refined through years of industry experience, we empower traders to make informed decisions, which is particularly important when trading high-risk investments such as penny stocks. Discover more about our comprehensive review process and how we maintain transparency and impartiality here. It also does not have any investor protection scheme for non-UK/EU traders. Additionally, AxiTrader does not offer any real stocks or cryptocurrencies; it offers only forex and derivatives.

AxiTrader Deposits and Withdrawals

You can also apply for a professional account to access more leverage and trade crypto assets. Axi UK offers copy trading features that allow beginners to copy trades placed by expert and experienced traders. To start copying trades on Axi, download the app, choose a trader you want to follow, adjust your trade size and risk tolerance, and the app will automatically start copying their trades. You will also not be eligible for any financial compensation in the event that the broker cannot pay up their obligations. This website contains information about various financial products and services, and we attempt to keep the information up to date. Certain information is provided by our partners and can be subject to change at any time without notice.

For non-urgent queries, the Help Centre on Axi’s website offers a comprehensive range of FAQs and resources to assist clients. Additionally, Axi’s website features a Help Centre with FAQs, guides, and resources to address common questions. The broker also supports multiple languages, enhancing accessibility for traders from various regions.

The ability to trade cryptocurrencies is also a fantastic feature that I’ve taken advantage of. This flexibility allows me to adapt to different market conditions and find new trading opportunities. I appreciate that Axi provides such a comprehensive selection of instruments to suit various trading strategies. Axi is a well-regulated broker known for its solid reputation across multiple regions, regulated by reputable authorities like ASIC, FCA, and CySEC, ensuring a secure trading environment.

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Axi MT4 Forex Trading Signals enables you to access thousands of ready-made trading strategies. This platform places trades automatically and has simple execution. By the use of trading signals, traders can copy trading strategies from thousands of traders from across the world straight into the MT4 platform. It has a 24-hour trading feature that lets trades continue to be placed, even when you’re away from your trading terminal.

• Traders trading with this broker will enjoy direct access to multiple destinations of liquidity in forex markets.
• You may need to provide information such as Proof of Identity and Proof of Source of Funds for some types of withdrawals.
• After providing basic details, clients need to choose a strong password which will be used to access the live account AxiTrader and the trading platform as well.

Elite Account

The fee structure is clear, and I’ve never had any issues with withdrawals. I also like that they’re regulated and have a good reputation in the industry. While beginners may find their need for a proprietary app limiting, Axi’s educational resources and responsive customer support can still provide valuable assistance.

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Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries a risk of financial loss and may not be suitable for all investors. CFDs are complex financial instruments and carry a high risk of losing money quickly due to leverage. Between 74–89% of retail investor accounts lose money when trading CFDs. You should carefully consider your investment objectives, experience level, and risk tolerance before deciding to trade any financial instruments..

You can use it to convert currencies with real time currency rates. There mandatory minimum deposit on Axi is US$5 for cards and e-wallets, while bank transfers have no mandatory minimum deposit amount. Note that you will incur a deposit fee of 3% if your deposits exceed the limit of $50,000 in a month. Axi Spread Betting accounts operate like a standard CFD trading account. Leverage on Axi depends on the instrument you are trading and whether you are a retail or professional client. Axi is also registered with the Financial Services Compensation Scheme (FSCS) which protects clients’ funds of up to £85,000 in the event that the broker is unable to pay up clients.

At the time of writing this review, AxTrader does not accept US residents. Residents of US territories such as American Samoa, Guam, Northern Mariana Island, Puerto Rico, and the U.S. Axi (AxiTrader) is a registered trading name of AxiTrader Limited. The company (AxiTrader Limited) is a member of the Axi Group and is incorporated in St Vincent and the Grenadines, number BC 2019, by the Registrar of International Business Companies. It is also registered by the Financial Services Authority in St Vincent and the Grenadines.

Deposits and Withdrawals

It is very easy to use and offers access to the full range of instruments, from Forex and Commodities to CFD Indices. It is designed for fast and simple execution with the use of MT4’s one-click trading. With this account, you can track your progress with comprehensive trade history and analysis. AxiTrader has invested in co-located servers and fiber optics for faster, more accurate trading with its advanced technology. AxiTrader offers three different account types, demo, standard and pro.

Please note that MT4 NexGen is free to all traders who open an AxiTrader live trading account with a minimum deposit of $1,000, and be aware that losses may exceed the deposit. It allows you to spot new opportunities and cut down money management errors by the use of its correlation trader feature. Also, it has an economic calendar that alerts you to huge events that enable you to stay on top of the market action.