So, take a look around yourself and be sure to take advantage of all the educational resources available at AxiTrader. Once your identity has been verified, you can fund your account through the methods we mentioned previously in this AxiTrader review 2020. The specific information you need depends on the option you choose but the process should be fast and straightforward. How long this takes will depend on whether your identity can be confirmed electronically. This is a necessary security precaution and AxiTrader aims to have accounts opened within 24 hours. It would help if they had separate and comprehensive tools that aren’t integrated into PsyQuation Premium.

You can also practice trading online with a free demo account or in a live environment with a minimum deposit of just $1. All of this is topped with award-winning around the clock support. I would consider Axi to be a market leader in many aspects which I will cover throughout this review. Overall, Axi are one of the most impressive brokers I have come across. They standout in so many areas, especially when it comes to market analysis, education and customer support.

The Sentiment Indicator helps you see how the other traders are trading to understand how they feel about the markets and what trends may emerge. AxiTrader excels in this field as they provide you with a host of tools that you can use to make the most out of the MT4 platform. Here are some of the features included in the MT4 platform that you can use to make your trades better. Secondly, although they do offer cryptocurrency trading, the margin levels are very disappointing.

axitrader review

AxiTrader’s parent company, AxiCorp Financial Services Pty Ltd, is an Australia-based company launched with the purpose of providing innovative online financial services and products. If beginners as well as expert traders would like to access the online financial trading world, AxiTrader makes it available for them. A dedicated multi account manager is provided to all the traders operating an account.

AxiTrader Account Types

This is because it is easier to complete your charting on this and there is also much less latency than there is on a web version. The MT4 platform is available to either be traded through your web browser or on the computer client. The latter is available for download on the AxiTrader platform and is available for both Windows and Mac machines. You also have to consider the risks that come with leverage of up to 400x. While this could be a great way to enhance your returns there is also a large downside risk. Remember, if your account gets to 20% equity then your position will be liquidated quickly.

AxiTrader account can be funded by several options including Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY. Also, there are selected companies with whom the company allows broker-to-broker transfers, so you can either transfer your account from another brokerage to AxiTrader. The traders that follow Muslim Sharia rules are entitled to open a Swap Free Account that is not subject to Swap Fees on FX Major, FX Minor, and Precious Metals Symbols. I loved trading with axi until my account was suspended but they are the best when it comes to trading. Axi Customer ServiceYou can contact AxiTrader via email, and live chat.

If you want to find areas in which you can improve, this is a great tool. The economic calendar keeps you up to date with the latest market news and can be set to send you alerts on specific events. It is useful having the calendar build into the platform rather than needing to keep checking it externally. I always like to know what is happening around the world as the news can have a large impact on price movement. I am a huge fan of trading apps, primarily because I am able to check the market prices and how good or bad my trades are doing at any time.

Its trading solution is not only sophisticated, but also simple, which is why it attracts new as well as seasoned traders. Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world. Axi has made giant strides since its inception in 2007 to become a top 10 global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology.

  • Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section.
  • Individual costs, of course, do depend on that individual market.
  • Axi’s educational articles are grouped according to the relevant trading topics making it easy for traders to find information on specific topics.
  • We have forwarded your concern to our Affiliate Team and they are now looking into it.
  • Axi does lack a few CFD trading services such as stockbroking and Shares CFD services.

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. Axi processes withdrawal requests within one to two hours, ensuring traders get swift access to their capital without complications.

Is AxiTrader an ECN broker?

Users located in off-shore jurisdictions may not be subjected to this suspension order. It is difficult to confirm how the company is mitigating this issue. 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.

axitrader review

With AxiTrader you’ll be able to keep your trading costs quite low, as the broker shows market-competitive spreads across a wide range of currencies, commodities, and indices . During liquid times axitrader review the spreads may go as low as 0.0 pips, and the broker truly adheres to ensure costs at the most competitive available. The broker offering is good but quite narrow and limited to only FX and CFDs.

This is based in Sydney meeting ASIC training requirements for staff. Axi offers Forex traders a well-regulated, trustworthy, and competitive trading environment. Some industry publications place it among the Top 10 Forex brokers by trading volume. 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.

The AxiTrader subsidiary that is regulated and authorized in St. Vincent and the Grenadines is the one that is supposed to be for international clients. In our AxiTrader reviews, we make a point of checking the claims made by brokers. That is why AxiTrader is so dedicated to building trust and ensuring proper regulation. This allows you to follow the trading strategies of a group of professional traders. You can also make use of algorithmic strategies that have been developed by these same professionals. Duplitrade is an extra feature that is offered for free to all of those AxiTrader clients who have more than $5,000 in their accounts.

MT4 NextGen is a more advanced version of the MT4 platform with some additional features including advanced management tools, enhanced ordering and sentiment trading. You can get it for free when you open a live account and deposit a minimum of at least $1,000. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks.

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. Even better, AxiTrader offers traders the Multi-Account Manager for MT4. It has all the great features that make it easy for any trader to take advantage of the provisions offered by the Pro Account.

Deposit and Withdrawal

You can use a demo account, watch high-quality videos and read great ebooks. An economic calendar is also provided with multiple filters, such as ‘Country’ or event ‘Category’. We liked the market analysis section, which can be found on the website under ‘Markets Blog’. 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. Other popular asset classes like real stocks or ETFs are not available.

Below shows some of the key players at Axi who have one of the most experienced teams worldwide. Axi is an award winning, regulated online broker created by traders for traders. They offer tight spreads, low commissions, rapid trade execution speeds and a range of different markets. Advanced platforms and trading tools ensure an excellent trading experience. Like other trading platforms, AxiTrader did not develop their proprietary trading application just to fulfill the needs of a minority of traders.

axitrader review

Besides competitive trading costs, Axi offers traders the third-party trading analysis platform PsyQuation. It can help traders improve their performance, which I find an excellent tool. Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature.

AxiTrader Trading Platform

This is unfortunate for those traders who like to open positions on particular companies. You will also have financing or “overnight” fees that are charged on those positions that are kept open overnight. This will vary depending on the interbank interest rate that is being applied on the currencies at the time.

To keep costs low, AxiTrader does not widen the spread but instead charges a commission of $7USD round trip for each standard lot. Axi offers a well-rounded educational program, making it a good choice for beginner traders. The third-party PsyQuation trading analytics platform also provides an excellent tool to make traders better.

This account does not have the lowest spreads but on the plus side, there is no commission fee. Overall, I found the cost to be the same whether you paid the commission separately or have it included within the spread. You can trade forex with a vast range of major, minor and exotic FX currency pairs with tight spreads, fast execution, flexible leverage and liquidity from 14 of the world’s leading banks. The sentiment indicator will give you an insight into what positions other traders are taking. Sentiment analysis is often used as part of a contrarian trading strategy. After all, it is the sentiment that moves the market most of the time.

This means that in addition to classic currency pairs such as AUD / USD, GBP / USD and EUR / USD, there are also minor and exotic pairings. Minor, exotic and cross pairs can have more movements due to thin liquidity which can present significant profit opportunities albeit with a more high risk. In 2014, an Investment Trends report found that Axi forex broker had the strongest brand association as being ‘trustworthy’. This was backed up in 2017 when the Investment Trends Australian forex broker report gave it the highest overall client satisfaction. This could be attributed to the CFD broker being Australian owned, with an Australian customer support team.

We also used this and we were able to get an instant response from an agent at AxiTrader. AxiTrader opens your account instantly if it is able to quickly verify your identity online. If it is unable to verify your identity online, you have to submit copies of identification documents.