AxiTrader Review 2023 Updated :Is Axi Trustworthy and Legit?
Axi does charge an inactivity fee, which adds to the excellent cost structure. Here is a screenshot of the Axi MT4 Pro trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Despite the suspension, this review declares no high risk of losing money when trading on the AxiTrader platform. The Axi subsidiary that runs AxiTrader is authorized in St. Vincent and the Grenadines. It is regulated by the Financial Services Authority, bearing number BC 2019. A live chat can also cover some training topics wherein an expert answers the questions and satisfies them.
You should click on ‘Financial Statements’ within the ‘Trading Accounts’ menu. Axi’s web trading platform hasgreat customizability.You can easily change the size and the position of the tabs. You can only deposit money from accounts that are in your name. In addition to bank transfer, you can use credit/debit cards, broker-to-broker transfer and several axitrader review electronic wallets, as well as cryptocurrencies. There is a 3% fee for card payments and other payment methods where deposits exceed a monthly limit of $50,000.Withdrawals are free if they are above $50 or for the full balance of your account. To read much more details about the broker’s services and features, expand on the sections below.
This is one aspect of online trading, which has gained a lot of popularity and prominence in the last few years. Brokers are realizing that in order to attract more number of traders, they must extend adequate trading knowledge and information to their clients on a regular basis. This is another aspect where AxiTrader certainly excels in terms of training and educating traders. Traders must also find out whether the broker has adequate partnership with leading banking institutions around the world or not.
- In fact, AxiTrader also offer broker to broker fund transfer from a selected few companies.
- Their customer support services are available in twelve different countries and in six unique languages and thus you won’t face much of a problem when it comes to getting your queries resolved.
- Overall its a good broker with good customer service and security.
- They run a 24-hour global support network that directs to different offices around the world and they offer multi-lingual service in more than a dozen languages.
The third-party PsyQuation trading analytics platform also provides an excellent tool to make traders better. Social traders may either rely on the MT4 built-in copy trading platform or use Myfxbook Autotrade. Another unique feature I want to point out is AxiSelect, a program that funds talented traders with up to $350,000.
Axitrader induced clients to trade and manipulated their information.
AxiTrader offers the extremely popular MetaTrader 4 platform, which is capable of accommodating large volumes of trade. Axi’s trader education is better than most other ECN brokers, with detailed information in video and text format for both beginners and more experienced traders. It also offers a free demo account, but it expires in 30 days. With a minimum deposit of 500 AUD you will get access to PsyQuation Premium. PsyQuation is one of the world’s most advanced data analytics plugins for retail traders. Using highly sophisticated algorithms, it works like a trading coach, analysing your trading style, identifying mistakes, and helping you avoid making similar mistakes again.
The major difference is that you can set alerts and notificationsin the form of mobile push and email notifications on the desktop trading platform. To set alerts, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app’s settings), by going to the ‘Tools’ menu and then ‘Options’. You can’t set alerts and notificationson the Axi web trading platform.
However, AxiTrader is constantly searching and developing new interesting offers for its clients. As a broker who works internationally, the AXITrader opted for the standardized MT 4 platform which is preferred by Australian as well as UK clients. The simple trading software is well equipped for beginner and professional needs. The broker has an open policy on slippage and warns clients about it, but it also has a tendency to increase spreads which can negatively affect traders, but especially scalpers who rely on steady spreads.
Axi’s Accounts and Trading Costs
They run a 24-hour global support network that directs to different offices around the world and they offer multi-lingual service in more than a dozen languages. Email support is also available, as is an online chat facility through the website. Comments like these are why we believe AxiTrader is one of the best brokers currently operating in the industry and one that should be considered by all traders who operate in Australia and the UK. Fortunately – in this case for both AxiTrader and ourselves – there are plenty of online reviews out there. The spread of the standard account type starts from 1.0 pips with no commission.
Please be assured that we are doing our best to resolve this issue. Our Settlement team is currently working on it and will reach out to you again to provide you with an update. A member of our settlement team has sent you proof of payment that you can use to check with your bank. Kindly note that we did send the funds to your bank last October 26th based on your bank instructions. When we recall the funds we do not have particular time to received the funds as this depends from your bank or the intermediate bank.
I read an article on as regards to a recovery expert and genius so I reached out to SCAM RECOVERY SITE, and to my surprise I got all bitcoins recovered within 24hours frame. I don’t know if I’m allowed to share the links on here but you can contact them if you are finding it very difficult to withdraw your funds at, Scamrecoverysite at fastservice dot com All thanks to them. Users can compare their trading strategies with that of other traders to improve trading skill and strategies, and learn more trading ideas. Further, the account includes no commission fees, deposit fees, trading fees, which makes this account very lucrative for beginners.
It is an expensive account, and I recommend traders opt for the Pro alternative. The commission of $7.00 per round lot remains competitive, and spreads start as low as 0.0 pips, an ideal combination for algorithmic traders and scalpers. One of the top forex brokers in the forex trading market is AxiTrader. Over the years, AxiTrader has become a sought-after name in the forex trading market.
The VPS tool is very important for those traders who are using computerized trading strategies. They recommend it for its rewarding trading environment, smooth browsing experience, and user friendly dispute resolution process. Financing costs on swap rates or overnight positions, however, apply.
A dedicated multi account manager is provided to all the traders operating an account. The account manager assists the traders with the training of trading and other market information, and also helps them improve their trading style. As per our AxiTrader review, AxiTrader offers different types of trade accounts to its traders and does not charge any inactivity fee.
The market scanner provides statistically significant market movements and identifies important price levels that are catalysts for market movements. The only flaw that we found with AxiTrader is the slight lack of variety in the software programs, but everything else seems to be either on par with the market standards or surpass them completely. But this review will ask quite a stern question which requires a similarly stern answer. Or is it an illegal offshore brokerage poised to defraud its customers from their investments? Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets.
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.
I like that Axi adds Autochartist, which can assist beginner traders. MT4 is the market leader in algorithmic trading and remains the most versatile trading platform. It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app. There is likely to be a high risk of losing money when trading with the AxiCorp Financial Services Pty LTD because the license stands suspended. Till the time it gets reinstated, traders may find the trading platform a bit dicey.
Let’s Talk Brokers: AxiTrader Broker Review (I meet them in-person!)
Another cost you should consider while trading is a Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments. Typically, AxiTrader will charge Swap Fees on a Long Position and pay Swap Fees on Short Positions. Opening an account with AxiTrader is quite easy, you just need to follow the steps of the account opening process, verify your details and select the account type of your preference. You can also choose whether you want to open Deo or Live account.
It is quite a surprise that the broker does not include any e-wallets, but still at least the variety of credit cards is large. AxiTrader also provides world-class customer service with extensive free education material like video tutorials and research tools to all their registered traders to learn about trading strategies. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Awards shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information.
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money.
Is Axi a good broker?
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.
For this purpose you need only a smartphone and Internet connection. Axi Select is our programme that identifies the most promising traders and turns them into professionals. Email the axi account manager you have been dealing with OR email the main axi support line.
The use of leverage can both work in your favour and against you. The only requirements are name, country, e-mail, phone number, and application type, which took me less than 30 seconds to complete. New accounts require verification, following well-established industry practices. A copy of the ID and one proof of residency documents generally satisfies this step and completes KYC/AML stipulations. Comparebrokers.co needs to review the security of your connection before proceeding.
On the other hand, AxiCorp Limited is a subsidiary of AxiCorp Financial Services Pty Ltd, an Australian company that has been holding the leading positions in the Forex market since its foundation. As a result, a new Forex broker appears in the financial market, AxiTrader, registered in London with its headquarters in Sydney. https://forex-reviews.org/ Own and third-party market research tools – AutoChartist and additions, presented in the MT4 NexGen package, help the company to differentiate itself among other brokers. Automated technical analysis and Forex signals are transmitted through – AutoChartist a third-party service known for its pattern recognition software.
AxiTrader has always followed one priority, which is important for him now – to provide favorable conditions for working with the foreign exchange market. However, on its platform there is access to other markets with a wide range of additional financial tools. The change of owners has had a positive impact on the company’s activity and its range of services. 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.
First off, the broker has a full-on SVGFSA license from the St. Vincent and the Grenadines financial regulator. This license is one of the most popular and sturdiest legal pieces in the financial world right now. And even if it were alone on the platform, it would still ensure that there’s no AxiTrader fraud going on.
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. The Standard Account has the trading costs included in the spread while the Pro and Elite accounts offer tighter spreads and a small commission per trade. The bonuses in any brokerage company make trading more comfortable and encourage clients to increase transactions in the financial markets. Previously, AxiTrader represented 400-dollar trading credit bonus. This offer was available to all clients and could be obtained by speculators who traded at least 1 standard lot for 60 days. Also on the campaign «Bring a friend» bonus was awarded to the client who registered at least one user in the brokerage system.
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