To complete the subscription process, please click the link in the email we just sent you. Overall, not as in-depth as you may expect from a broker of this type, but all analysis is solid and well-written. An Australian FCA-regulated broker, Axi is well-known for being reliable and trustworthy.

The broker is known to harvest the best out of the Autochartist MT4 plugin, its VPS hosting, and the PsyQuation Premium service. This regulatory suspension, however, has no impact on the international clients that AxiTrader LTD operates. Both entities are different and fall under distinct jurisdictions. Hence, AxiCorp LTD, which runs AxiTrader, has not suffered any license suspension. It remains fully compliant with all the designated regulators.

Axi offers a demo account with a virtual balance of 50,000 AUD that remains open for 30 days. While using your demo account, Axi will provide you with a dedicated account manager to assist you and answer any questions you may have. The MetaTrader 4 trading platform is a key part of AxiTrader’s offering. It does an excellent job of providing auxiliary services, including the Autochartist Plugin and PsyQuation Premium. AxiTrader runs its in-house research to help its users with bankable insights. At the same time, it constructs educational infrastructure to train and upskill traders on new features and strategies.

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Professional and non-EU clients are not covered by negative balance protection. When you have a standard forex trading account with Axi, you will not be charged fees or commissions and you can use your account as much or as little as you like. Axi allows traders to trade mini and micro lots as well as standard lots. All https://forexhero.info/ British traders are eligible to open a trading account at Axi but will have to follow the fully digital three-step application process. The main benefit of using third-party platforms such as MT4 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker.

• There is an FXI/API for professional Forex traders and a credit for a Forex VPS for over 20 lots of monthly volumes.
• This is an excellent way for traders to test out
  different strategies and optimize their trading performance.
• People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
• However, all your monthly financial statements are available to download at the Client Portal.
• It goes against our guidelines to offer incentives for reviews.

Transactions on commodities such as gold, silver and oil, as well as major stock market indices of the world’s largest markets are also available. Provide the email address, phone number, country of residence, and other particulars in the online application form. The MT4 WebTrader eliminates the compulsion of using the platform’s desktop application and helps you run the same software on your web browser. Yes, they offer a wide range of educational
resources, such as market updates. Yes, entities within the Axi Group are
regulated by ASIC (Australia), DFSA (UAE), and FCA (UK).

All new and existing clients have dedicated account management and access to customer support 24/5 via telephone, email, and live chat. Toll-free numbers are available in Australia, China, Germany, Hong Kong, Indonesia, Malaysia, New Zealand, Singapore, Spain, Thailand, and the UK. Axi has a large range of funding methods, including those in GBP. It also charges no fees for deposits or withdrawals via any method, a rare feature amongst Forex brokers. We were impressed to find that both Axi’s minimum deposits and ongoing trading costs are significantly lower than most other brokers. Axi can trade more than 80 currencies with ultra-competitive spreads, fast execution and high liquidity.

Traders can use MT4 to open oil trades, and
Autochartist to identify trading signals. The platform also offers a wide range
of analytical tools, such as the live charting package and technical
indicators, to help traders make more informed decisions. On the plus side, forex fees are low, and deposits and withdrawals are free of charge.

Account opening

Funds can be added to an AxiTrader account via these payment options. Selected companies also have the privilege to allow broker-to-broker transfers where a user can transfer their funds from one account to another within the AxiTrader brokerage. The leverage on known financial instruments multiplies on AxiTrader, just like every other brokerage. The initial capital of trading with AxiTrader can be leveraged to amplify the potential gains smartly. It is important to note that high leverage has an inverse effect as well, where it could work in reverse of the trade. Please note that an AxiTrader user may lose money when trading a Swap Fee.

This website registers the highest share of AxiTrader users every year. AxiTrader offers multiple ways of adding or withdrawing money from the account. The supported methods of payment include wire transfer, MoneyBookers, Neteller, skrill, and bPay.

Axitrader Broker Review

Axi has membership with the Hong Kong-based Financial Commission. Therefore, traders receive additional protection via the €20,000 investor compensation fund. It delivers more security compared to its ASIC-regulated business. Client deposits remain segregated at both, but Axi also protects traders via negative balance protection. AxiTrader – one of the best forex brokers, is offering its service for more than 70 currency pairs.

The trading tool offers an Order Flow Sentiment Indicator, which can potentially become the best feature for the client. Its AI-driven analysis helps the trader improve daily performances. If trader accounts lose money in some trades, it alerts the traders of their mistakes, which allows them to enhance their trades over time.

BlackBull Markets and Axi offer the out-of-the-box MT4 trading platform, the leader for automated trading, which comes with an integrated copy trading service. BlackBull Markets grants high-frequency traders and scalpers a distinct advantage with trading costs, where it maintains one of the most competitive ones available. Traders must deposit $2,000 to get access to it, but the institutional-grade pricing makes it well worth it. Axi trader requires no minimum and ensures all types of traders have flexibility with financial transactions. Axi offers traders PsyQuation, an AI/ML solution assisting traders in becoming more profitable.

It is regulated by the Financial Services Authority, bearing number BC 2019. An online trading course by AxiTrader is available for new traders, giving them access to all the tools that train them in becoming a better trader. This AxiTrader review finds the training aspect of the software quite impressive. Outsourced training is axi forex broker further complemented by in-house educational content, which contains high-quality articles. Several AxiTrader reviews reveal that the broker does ample market research to provide its users the best-in-class information. The bulk information from multiple authentic resources is scanned and filtered to identify high-value data.

The entity by which clients trade is based on
their jurisdiction and it is important to note that the unregulated entity’s,
SVG, protections differ. A minimum deposit amount is not required to open a trading account with Axi. For depositing and withdrawing funds, bank transfer, payment cards, as well as e-wallet services such as Skrill and Neteller are used. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013.

AxiTrader Review

Founded in 2007, AxiTrader has evolved as a trusted trading platform for large forex and CFD investors. After more than a decade in the market, the trading platform is in business with some of the world’s biggest companies and global brands. 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.

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.

• I have evidence to support my claims, including email conversations, WhatsApp chats with my account manager and screen recordings of my trading experience.
• Over the years, AxiTrader has become a sought-after name in the forex trading market.
• The commission on the Elite account is
  $3.50 round trip (USD).
• Axi offers multiple deposit and withdrawal
  methods to facilitate its traders, depending on the jurisdiction.
• You can only deposit money from accounts that are in your name.
• Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

The platform serves as a broker to millions of traders around the world. CFDs on oil trading are ideal for traders who
wish to hedge their oil price risk or take advantage of short-term price
movements. Axi provides a reliable and secure trading environment with
competitive spreads and fast execution speeds. For the most part, the deposit process is
straightforward, and the funds will instantly be added to the trading account. However, for specific deposit methods, deposit duration may vary, from a few
hours to 1-3 business days.

The platform offers various features,
such as charting tools, technical indicators, Expert Advisors (EAs), and
automated trading strategies. Traders can customize their strategies using EAs
and automated trading strategies without any manual intervention. Axi offers Negative Balance Protection (NBP)
to all retail clients on their accounts. A feature offered to clients trading
under regulated entities, NBP protects them from incurring losses beyond their
available balance. If a trader’s account goes into negative balance, Axi will
cover the losses up to their initial deposit amount. CFDs on Cryptocurrency trading are ideal for
traders who wish to diversify their portfolio or take advantage of high market
volatility.

Axi team took fast action to settle the withdrawal process on next Monday (withdrawal requisition on Friday). Our ultimate guide to the Axi minimum deposit is updated regularly. The general educational videos have great quality and cover a lot of topics, like trading psychology and forex trading. Unfortunately, some articles are available only through the Australian and UK websites. If you are on the international website, you will only be able to access forex market analysis news and educational pieces.

This
account is ideal for people following Islamic principles as it does not involve
interest payments. However, when you choose a swap-free account, you will have
to pay account admin fees, you can find more details about it here. Traders can enjoy access to a large number of currency pairs, as well as CFDs on exotic goods such as coffee, cocoa and soybeans, as well as precious metals (gold, silver and platinum).

Axi offers multiple deposit and withdrawal
methods to facilitate its traders, depending on the jurisdiction. The available
payment options include Credit/Debit Cards, Bank Transfers, POLi, E-wallets such as Skrill, FasaPay, and Neteller, and more than 20 other options. Overall, Axi fees are competitive and
cost-effective for traders.

Before choosing a broker, we recommend that you read the reviews of Axi, as well as see our rating of Forex brokers. Beginner traders have a superior service at Axi, with third-party solution PsyQuation at the core. It also includes tutorials and other resources unavailable at BlackBull Markets.

Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation Premium tool. This helps users get exclusive educational articles on the market. The AxiTrader website also runs video tutorials and offers eBooks to increase the understanding of trading among users. AxiTrader also generates researched information from a market analysis section that taps into online content and runs a market commentary. This information is packed with trade ideas that support the outsourced research produced by the tools. Despite the MetaTrader 4 platform’s limitations, AxiTrader runs excellently for its traders by offering them the most cutting-edge trading tool – PsyQuation Premium.

Never ever use this broker, no matter how they sell their offers to you. I have screenshots and chats from them incase anyone wants to take this up especially the regulators. With a minimum deposit of 500 AUD (or currency equivalent) 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 broker also provides traders with an overview of
the upcoming contract rollovers for indices, commodities, and other financial
instruments. It ensures that traders can adjust their positions according to
the contract expiry date. The overall spreads offering is highly
competitive and cost-effective for forex traders, making it a great choice. In
addition, the tight spreads offered by Axi make it an attractive option for
traders who want to trade with low spreads. Overall, Axi is reliable and trustworthy
forex broker offering a faster trading experience through MT4 and its
proprietary copy trading tool.