On the other hand, if you’re looking for a variety of trading platforms and assets such as stocks, ETFs or cryptocurrencies, Axi will definitely fall short to your expectations. Axi (AxiTrader)’s asset offering is clearly designed for high net worth forex traders. With over 140+ currency pairs and their killer Pro and Elite account offerings, they definitely become an attractive choice for seasoned currency traders.

Support

This is a legitimate company, not a scam, and is regulated by many international bodies. For EU traders, Axi has a comprehensive selection of educational tools, including webinars, video tutorials, online education and e-books. The most cost-effective option for a customer is usually determined by trading volume and the list of assets they wish to speculate on. The broker does not guarantee the same-day receipt of funds, as processing times are subject to the receiving bank processes outside their control. For instance, international transfers may take between 2 – 5 days.

• Axi have a generous range of trading instruments for you to choose from.
• At Axi, customers have a choice from a healthy range of banking options they can use to deposit and withdraw.
• In both cases, there are no minimum deposit requirements and account holders have access to the same range of trading instruments, including forex pairs and commodity CFDs.
• Just hope Axi can improve the charting to be able to see the high/low readings of individual candle bar.
• The platform provides real-time pricing on major contracts on Brent Crude and the West Texas Intermediate.

Axi Broker Review

Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. Axi is owned and operated by a company called AxiCorp Financial Services Pty Limited, which, in turn, is registered in Saint Vincent and the Grenadines. The company has launched branches in many different territories, including the United Kingdom, China, Latin America, Germany, the Middle East, New Zealand, and Asia. Be part of a dynamic trading community in public and private chatrooms dedicated to different trading topics, from FX and equities to analysis and strategies.

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It offers low-cost trading with best in class risk tolerance limits and different types of assets to choose from. For this purpose, they must set up a profile within the app that is separate from their main account with the brokerage. They can then start filtering the traders they want to follow and mimic based on different criteria like types of assets traded, risk tolerance level, and profitability.

Mobile trading

Axi also offers a swap-free account type for clients of the Muslim faith who do not want to earn or pay interest. With this account, trades in all available instruments will not incur nor be paid any swap or interest, in accordance with Sharia law. In this broker review, we will pay attention to the critical aspects of Axi, which you may consider before deciding whether to trade with this online brokerage. Despite its strengths, Axi has a somewhat underwhelming aggregate score on Trustpilot, achieving 3.5 out of 5 stars based on 1,489 consumer reviews. As many as 72% of all reviewers are satisfied with the broker’s services, assigning 5-star ratings.

the support team are doing the amazing…

I like that they are providing signals, chart analysis, multiple account management and more. Axi offers dynamic spreads in all their accounts (meaning that they constantly change) yet they do adjust their base offer depending on the account type a trader opens. Customer support had lot of excuses and blah blah not making your withdrawals.

You can review the past 6 months performance statistics of the patterns and levels found by Autochartist to see those that worked and those that did not. Autochartist automatically finds Fibonacci patterns such as extensions and retracements as well as chart patterns such as Triangles, Wedges, Tops and Bottoms. It can send you notifications when a pattern is discovered and identifies axi forex broker possible support and resistance levels based on these patterns. In fact, you must log in through the email they sent you with your password credentials to be able to access your Demo account. Compared to similar competitors, Axi has a great base currencies offering. With the available videos education, it didn’t take long to get acquainted with the functions and order placement.

Islamic accounts are routinely monitored to ensure account holders are using them as intended. Opening a swap-free elite account is also an option for large-scale traders looking to invest with zero interest but the USD is the only available base currency in this case. Axi and Pelican Exchange Limited have jointly developed a dedicated copy trading app customers can download for free from Google Play or the App Store. The app enables users to identify and automatically duplicate the positions of versed traders from around the world in real time. Once they download and install the app, customers must link it to their existing MetaTrader 4 accounts.

If you are looking for time efficiency, we suggest you implement a card or one of the supported e-wallets. If you are new to this trading platform, they will prompt you to sign up for free. Do not worry about the personal data you fill in, the information transmission is encrypted with SSL. AxiTrader gives you the chance to try your hand at CFD trading with the currency pair BTC/USD.

Just hope Axi can improve the charting to be able to see the high/low readings of individual candle bar.

It didn’t though receive maximum scores simply because competitors such as Pepperstone and IC Markets offer additional platforms. This only replicates the experience you get in the live trading environment. Nevertheless, it is still very useful, especially if you are a newbie, because it helps you get started with the MetaTrader 4 software. The demo account gives you access to real-time spreads https://forexarena.net/ and execution speeds without exposing any of your actual capital at risk. Customer support is provided via online chat, telephone and email whilst clients get their very own dedicated personal account managers for a more personalised service. With offices in Sydney, London, Dubai and Chisinau, there is always someone from the support team on hand to answer your general or technical questions.

When you trade indices with Axi you trade on the performance and price movements of stocks without actually purchasing physical ownership of an asset. Index trading is popular mainly due to the diversity they offer and flexible leverage. Axi offer weekly free webinars which cover a range of topics ranging market analysis, trade management, trading psychology and much more.

The social trading platform is available to all live account holders. In both cases, there are no minimum deposit requirements and account holders have access to the same range of trading instruments, including forex pairs and commodity CFDs. One chief difference between the two is that standard accounts do not incur any commissions. This is not the case with professional accounts where customers are charged a flat round-trip commission amounting to $7 per one standard trading lot.

You can also receive custom alert notifications via the app, email or SMS. The multi-account manager (MAM) is a built-in trading tool that allows you to conveniently control multiple accounts from one trading terminal. It can execute multiple blocks of orders on all accounts that are operating under a master account with 6 allocation methods and all order types accepted. The MAM is only available to approved and regulated operators of discretionary accounts or managed investment schemes. The FIX API is great for those who need an institutional trading environment.

At AxiTrader, traders are presented with all the features they could possibly need. There, you have a choice from a broad range of 80 currency pairs, including widely used currencies like GBP, USD, EUR, and JPY. The platform boasts liquidity from fourteen of the biggest banks on a global scale. They give you direct access to the latest market data with multiple liquidity providers (LP’s) from 14 of the world’s largest banks, for live pricing and superior trading conditions.