Contents:
Axi is a MetaTrader-only broker, with a limited range of available markets. 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. At the first stage and as a new to trading, you also can open a free 30-day trial Demo account with a virtual cash balance of £50,000 to practice skills and touch a trading process in a “real”.
The broker focuses mainly on Forex trading by offering a large selection of currency pairs but not many other financial instruments which may be a disadvantage for some traders. The trading tool offers an Order Flow Sentiment Indicator, which can potentially become the best feature for the client. If trader accounts lose money in some trades, it alerts the traders of their mistakes, which allows them to enhance their trades over time. From beginners to seasoned traders, AxiTrader has enveloped the globe by becoming an efficient ecosystem of traders, brokers, and trading platforms.
The broker offering is good but quite narrow and limited to only FX and CFDs. Also, the availability of some assets depends on the jurisdiction in which traders are registered. In this case, the client’s funds are safely kept in segregated accounts with top-tier banks and secured by compensation schemes.
It is an advanced trading tool that can provide smart forex trading signals through its comprehensive forecasting, quantitative analytics, and market indicators. Axi offers a trading account for Islamic traders due to religious beliefs. Islamic trading accounts featuring no swap fees or interest payments. Here’s how AxiTrader fares in providing clients with the most common types of educational content. Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers.
Gennemgang af Mobile Trading (App) af AxiTrader
Axicorp Financial Services Pty Ltd holds an Australian Financial Services License . 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. However, the time to process deposits and withdrawals takes up to five business days.
Determining the legitimacy of a forex broker can be a real challenge. If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds. Overall, AxiTrader Platforms are ranked 7.9 out of 10 compared to over 500 other brokers. We consider the platform choice great as MT4 is one of the industry-leading platforms, also the broker offer Autochartist to strengthen your strategies. Our research found that AxiTrader offers a full suite of MetaTrader 4, presented in Web, Android, iPhone, and iPad versions. Good to note, that not all MT4 platforms are created equal, as the broker may invest in a co-located server and fiber optics, in order to process more accurate trading or not.
- As described on AxiTrader’s website, customers holding open positions with the broker must maintain minimum margin requirements as detailed in their Client Agreement.
- The perceived high risk of losing money when trading on AxiTrader has been debunked in this review.
- For security reasons, the account name must match where the AxiTrader deposit originates to where the withdrawal is being made.
- When using AxiTrader’s MetaTrader4 Pro Account, traders can enjoy an ECN-type environment with lower spreads and generally faster execution speeds.
- We’ve researched the MetaTrader offerings of 60+ forex brokers and found that 81% of brokers offer the more famous version of MetaTrader, MT4, while only 62% offer the newest version, MT5.
The company further maintains several offices in major financial hubs around the globe, enabling them to serve customers in all corners of the world during business hours 24/5. When using AxiTrader’s MetaTrader4 Pro Account, traders can enjoy an ECN-type environment with lower spreads and generally faster execution speeds. These additional features, compiled under theMT4 NexGenbanner, include advanced management tools, enhanced ordering options and sentiment trading. In our AxiTrader review we found that AxiTrader’s Standard Account works without any commissions or additional fees. Instead, spreads are being marked up by 1 pip above the inter-bank rates received from AxiTrader’s liquidity providers. AxiTrader’s regulated environment is monitored by various jurisdictions and maintains compliance with different trading conditions.
Отзывы клиентов об AxiTrader
If you purchase a U.S. stock, you own the actual shares; if you purchase or trade a CFD, you don’t own the asset itself. According to our database, 90% of forex brokers allow you to trade U.S. stocks as a CFD, while only 27% allow you to own the stock itself. Nearly every trader on the planet owns a smartphone, but that doesn’t mean that every mobile trading app offers the same forex trading capabilities. A wide range of mobile trading apps are available across the globe – some of which are developed in-house by online brokers, while some are developed by third-party developers.
From its pricing spreads to its key features, this AxiTrader review dives deep into the core of AxiTrader & highlights what the broker puts forth for its users. According to our independent database , the average forex broker offers 29 of the 37 products and features currently tracked for our offering of investments category. AxiTrader offers 30, which helped contribute to the broker ranking #56 out of 62 brokers overall in this category. Based axitrade on our Review and expert findings, AxiTrader is a trustworthy broker with a good reputation and excellent trading conditions, and attractive offers. We found broker’s low trading fees, also, traders can deposit as low as $1 since the broker doesn’t have any minimum deposit requirements, and overall conditions are good. Cryptocurrencies, such Ethereum, XRP, Litecoin, Dash, Stellar Lumens or others are not in the broker’s portfolio on offer.
CUSTOMER SUPPORT AND AXITRADER CLIENTS
It is a financial service provided globally and is legit for users in the countries regulated under its authorities. AxiTrader and AxiCorp Financial Services Pty LTD are two different entities. With clients all over the globe, the online broker AxiTrader offers high-quality, multi-lingual 24/5 customer support through live chat, a toll-free phone hotline and email. Our review found, that their award-winning service was named ‘#1 for Customer Service’ in the December 2013 Investment Trends Australia FX Report.
Client money is diversified in segregated trust accounts across multiple banks to reduce the credit risk and counterparty exposure. Yes, tradingderivatives carries a high level of risk to your capital and there is high risk to losing your money. Please also make sure to read through all available legal advice on IC Markets’ website I you have any questions or concerns. No, IC Markets is licensed and regulated by the Australian Securities and Investments Commission , who are recognized as one of the toughest regulators in the financial services industry worldwide. One of the biggest drawbacks with this Forex broker are the very limited options fordeposits and withdrawals.
AxiTrader review
Deposit methods only include debit and credit cards , Neteller, Skrill, bank wire transfers and broker to broker funds transfer. Payment options vary depending on the client’s country of residents and are very limited as well. The valued clients of AxiTrader have helped the brand distribute its global revenue base across multiple streams, including overnight fees and dealing spreads.
AxiTrader Fees
AxiTrader delivers an average spread of N/A when trading the EUR/USD within a standard account. The all-in cost of trading the EUR/USD with an active account is N/A. We were able to obtain average spread data for over 30 brokers, and found the industry averages for these data points to be 1.04 and 0.87 (all-in).
It is regulated by the Financial Services Authority, bearing number BC 2019. Most clients get the chance to have their account in their choice of base currency from AUD, USD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, or CAD and deposit funds. AxiTrader has no minimum deposit requirements, & every user is free to deposit any amount in the account. A free-for-all feature of AxiTrader, PsyQuation Premium, helps its clients maintain a minimum balance of $500 with monthly trading of one standard lot.
Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation Premium tool. The AxiTrader website also runs video tutorials and offers eBooks to increase the understanding of trading among users. The above https://forex-reviews.org/ platforms and tools help AxiTrader users stay ahead of the curve. From economic events calendar to real-time market news analysis, these tools deliver reliable forex quotes through their accurate market indicators.
Due to its regulatory compliance and best practice implementation, AxiTrader stays compliant across multiple authorities. A review conducted on the said regulated service proved that AxiTrader is completely legit under St.Vincent’s authority and the Grenadines Commercial Intellectual Property Office. AxiTrader is not replicated by the country’s regulator – the Financial Services Authority. It is a broker noted under its regulatory jurisdiction, as mentioned on AxiTrader international website.