Payment methods with Neteller, Skrill, and Moneybookers can take a maximum of 15 minutes to be processed. Since AxiTrader does not use ECN technologies, this allows them to offer a low latency that will reduce the chance of slippage and quick execution order. The lower latency also improves the system refresh speed on the MetaTrader 4 platform. Compared to other brokers in terms of commission fees, AxiTrader has very competitive fees. Here, on the table, we have compared the commission fees with other brokers. Below, on the table, we have compared AxiTraders’s average spreads for EUR/USD with other brokers. AxiTrader offers negative balance protection, however, the negative balance does not guarantee balance protection during different situations.
Australian forex traders have different requirements from forex brokers ranging from leverage, fees to features. This Axi review was based on our trading platform comparison, focusing on broker features as a focal point. If you have a different priority, then visit our homepage and view our other forex broker comparison charts. Our most popular forex broker comparison tables are low fee, high leverage and bonus offers.
Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive a commission from the companies we feature on this site. users can compare their trading strategies with that of other traders to improve trading skill and strategies, and learn more trading ideas. AxiTrader’s world-class customer support and numerous awards can be attributed to its supremely salutary management. To maintain online security, AxiTrader does stringent compliance checks as per the standards of various regulatory authorities, AxiTrader keeps client funds in segregated trust accounts in top tier banks. The client funds of the UK enjoy coverage from the Financial Services Compensation Scheme of over £50,000 in a highly unlikely case when AxiTrader becomes bankrupt. The parent company AxiCorp Financial Services Pty Ltd changed its brand name Axitrader to become Axi at the end of 2020.
They clearly are doing some right with their no frills approach, focusing on providing a quality end product to the user. They have a decent selection of instrument to trade and they have favourable fees and commissions depending on the type of account you find best suited for your needs. Their automated signals and technical analysis are brought to you through the AutoChartist folks. There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps. It is aimed at a generic audience, with business opportunities suitable for less experienced operators and those on a smaller budget, as well as more ambitious business options. AxiTrader, which is predominantly a MetaTrader broker, specializes in speculative currency trading, including Bitcoin, indices, metals, and commodities. By trading through the British subsidiary AxiCorp Limited, which is regulated by the FCA, German customers also need not worry about regulation or deposit insurance.
Products
Thus, when you choose a method of deposit, you are also choosing the method of withdrawal. First of all, there is, of course, the option of a classic bank transfer.
- The spread of the standard account type starts from 1.0 pips with no commission.
- And the other comprises an Electronic Communication Network based MetaTrader 4 Professional account, which connects traders to a global financial market of liquidity providers.
- Before you finish the live account registration, you can review important documents.
- Usually, withdrawals will be processed within 24 hours with credit and debit cards, as well as the e-wallets like Skrill.
- The main difference between the standard and the pro version is the different spreads and commission fees.
- If you are already an active customer with the online broker, you will automatically be assigned your own customer advisor as a direct contact person for questions or problems.
Overall, Axi fully complies with the regulatory standards imposed by some of the top financial regulators in the world. However, it’s worth mentioning that in July 2019, New Zealand’s financial regulator suspended AxiCorp licenses for not complying with the Financial Markets Conduct Act 2013. As a result, New Zealand retail traders can’t apply for an Axitrader account because Axi has stopped offering its services in this jurisdiction. Axi does lack a few CFD trading services such as stockbroking and Shares CFD services. This means that you will need to find a share trader provider in addition to Axi as your CFDs provider.
Broker Background Check
You will find information on forex trading basics, analysis techniques, developing your trading system, and trading psychology. To assist clients with their education and trading skills, AxiTrader offers both seminars and webinars. These online trading workshops are complimentary to clients and designed to appeal to a range of skill levels. You are in full control as you are able to deactivate the trades that are placed in your account at any time. For greater control, you can set up your own risk tolerances with contingencies for stop losses. You can also diversify your trading signal strategy by following several traders.
In addition, AxiTrader offers numerous video tutorials on how to correctly use the MetaTrader 4 trading platform. These cover everything from Retail foreign exchange trading the installation of the platform to detailed explanations of the individual functions, navigation and the different types of orders.
Axi Trading Platforms
That said, for any broker that’s been around for more than a decade you‘d expect a good number of bad reviews. Fortunately – in this case for both AxiTrader and ourselves – there are plenty of online reviews out there. While CFDs can seem unfamiliar and scary to inexperienced users, the fact that the broker does its best to encourage education means that users should get over that hump and become informed quite quickly. We were quite impressed when we saw an infographic where all the payment methods were listed.
They are ASIC regulated, offer a range of platforms and account solutions and a large portfolio of trading instruments such as Forex, indices, metals, commodities, shares, cryptocurrencies, bonds, and much more. 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. Any beginner who is committed to learning to trade Forex with a traditional broker on the industry-standard trading platform will find Axi an excellent place to start. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Axi offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
It has high liquidity thanks to working with 14 of the biggest banks in the world. Overall we found the main Axi offering that adheres to access the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced trading strategy ones. A truly comprehensive range of tools, at the AxiTrader’s mainstay MetaTrader 4 brings a very competitive technical solution to trade through market making execution. All requests are processed through the secured client payment portal.
This included comparisons to popular currency broker including Pepperstoneand IC Markets. This is because their ‘no dealing desk‘ allows direct trading with liquidity pools, which also enhances execution speeds. The second account option is theMetaTrader 4 Pro account, which offers ultra-low spreads from 0.0 pips and a standard commission of US$7 per round trip. The minimum trade size is also set to 0.01 lots, and there isno minimum deposit requirement. Axi is a trading name of AxiCorp Financial Services, an Australian financial services company founded in 2007. Axi has been regulated by the FCA in the UK since 2010, and ASIC in Australia (license # ) 2007. ASIC and the FCA are recognised as two of the strongest regulators in the world, and Axi should be considered well-regulated and secure.
Fees will be imposed only when you exceed the deposit amount of $50,000 or more. Deposit methods with a debit card, credit, or other methods are subject to 3.00% fees.
An Overview Of Axitrader
Lastly, although none of the website materials are translated into Malay, Malaysian traders will be pleased to note that Axi offers Islamic swap-free accounts. In this paragraph, we will go over the trading conditions on AxiTrader and look at how they compare to the current market standards in the financial industry. Flat based – When the client you introduced to the broker invest money then you will get a fixed fee per client. Transaction AxiTrader Forex Broker Review based – Once the client introduced by you to the broker take potions then you will get your commission. Any information or advice contained on this website is general in nature only and does not constitute personal or investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
With Autochartist, AxiTrader clients are able to enjoy continuous market scanning of an intraday nature. It also includes Fibonacci Patterns and Volatility Analysis to assist with understanding the volatility of assets and analyzing correlation. The use of pattern quality indicators and pattern recognition on Autochartist helps traders make informed trades. The MT4 Multi-Account Manager lets AxiTrader Foreign exchange autotrading clients manage as many accounts as they want from a single trade terminal. This MAM integrated software tool allows you to use a master account and execute block trades on all accounts. That ability results in the option of placing larger orders in bulk to unlimited accounts and with speed. Clients then receive the best-spread pricing thanks to AxiTrader’s investments in technology.
Axitrader Standard Account
Most trading strategies and types, such as scalping, hedging and Expert Advisors are allowed. Commissionsand fees for an AxiTrader MetaTrader 4 Pro Account are set at a $7 per standard lot round turn but can be reduced depending on trade sizes, frequency and strategy. 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.