AxiTrader Review: Is it a Scam Broker? Everything We Know!!

Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world. Despite a few minor issues, Axi is still a well-regulated broker. Traders at this broker mostly trade currency pairs on the forex market.

In most cases your funds will be available in a matter of hours, however please allow one to three days for bank transfers. Your Axi Account Withdrawal Request has been processed and has been sent to your financial institution. All information on 55brokers.com is only published for general information purposes.

I have tried many brokers over the years and found them to be one of the best brokers for trading online within a secure and highly regulated environment. More recently, the broker has tried to appeal to customers with their offer of some of the lowest spreads on the market. For example, with their pro accounts they are offering traders close to 0 spreads on some of the major forex pairs. Trading with Axi will involve fees from $3.50 USD, Spreads from 0.0 Pips, and commission-free trading depending on the account traders select.

🏆 10 Best Rated Forex Brokers

We use dedicated people and clever technology to safeguard our platform. Our team will reach out to you via email to give you an update regarding this matter. The negative points include the limited range of instruments available and the lack of educational courses for beginners.

We aim to help you find the best broker according to your own needs. Featuring no swap fees or interest payments, this account is the ideal solution for those who are unable to earn or pay interest due to religious beliefs. Simply send support a request and they can switch your account over for you if you follow the Muslim faith. Whether you are brand new to trading or an experienced pro, you’ll find a community of likeminded traders with valuable knowledge to share and help you trade your edge. Enjoy daily access to exclusive expert insights, trend analysis and views on the latest market news, all designed to help build your knowledge and improve your trading skills.

Does Axi allow scalping?

It will give you a list of helpful explanations and descriptions that can break some of the jargon that you will encounter when trading on any forex trading platform. If you are the kind of person who likes to bounce ideas off other traders then you may appreciate Zulutrade. This is the world’s leading online and mobile Social Trading platform. It can also be used for copy trading purposes and traders are ranked on the platform according to “ZuluRank”.

They include EUR, GBP, USD, PLN, CHF, AUD, CAD, HKD, JPY, NZD, SGD.AxiTrader is one currency better because Pepperstone and IC Markets offer 10 base currencies each. AxiTrader differentiates the accounts based on who owns them and the fee structure that applies to each. Give our personal financial information and answer the questions they will ask about your knowledge of the forex markets.

MT4 standard account

Overall, Axi can be summarised as a trustworthy broker that is regulated by two tier-1 regulators and one tier-2 regulator . The applicant will be required to complete a simple application form and confirm their identification. Once the application has been approved, the account holder will be able to fund their account.

A VPS hosting service uses a virtual private server that mimics a dedicated server’s behavior and the environment in a shared environment. Using the VPS, brokers can provide clients with direct ISP connection to physical hardware. The tool can tell you when you should trade by using support and resistance level. Support and resistance are the fundamental points in technical analysis, so many traders base their strategies around these points. AxiTrader excels in this field as they provide you with a host of tools that you can use to make the most out of the MT4 platform. Here are some of the features included in the MT4 platform that you can use to make your trades better.

Your funds are held in secure, segregated trust accounts at leading banks, and the company has a strong track record of compliance and security. If you have any concerns, you can reach out to the compliance team at Overall, AxiTrader is a reliable and user-friendly option for those looking to trade on the Forex market. Overall our online Axi review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Axi or you find inaccurate details Axi broker review please get in touch with us and the changes will be applied.

Axi Review

Please read our article How to recognise a scam website before you proceed. Before choosing a broker, we recommend that you read the reviews of Axi, as well as see our rating of Forex brokers. In our experience, Axi’s Live Chat support is fast and responsive, with an agent connecting to our request almost instantly. Although this is certainly a positive, the level of support and accuracy https://forexarena.net/ of the information provided was disappointing. The agent responded to a separate issue while failing to resolve our initial question and, during another request for help, inaccurate information regarding CFD indexes charges was given. Knowing that Axi is regulated by reputable global authorities should give users reassurance that the platform is subject to strict regulations.

For our review, we picked the individual Pro account for our AxiTrader review tests. In comparison with the two competitors, the AxiTrader fees are more or less the same and slightly lower than what you will pay on IC Markets or Pepperstone in some instances. Pepperstone and IC Markets do not charge any of those fees either.

However, if you are just starting out or you do not trade with that much regularity then you should consider the standard account. While this looks like a pretty attractive asset offering, there seems to be a distinct lack of any single name equities to trade. This is unfortunate for those traders who like to open positions on particular companies. AxiTrader seems to be fairly transparent with their fees and have a similar fee model to a range of other brokers in the industry. Regulation is perhaps one of the most important questions that any trader may have about a broker.

AXI IS THE BEST BROKER WHEN IT COMES TO…

WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. Axitrade declares to be regulated by ASIC and FCA, two of the best forex regulators in the world, but none of the regulations is valid. When I wanted to withdraw, the customer service told me that my account was abnormal. Axi accepts traders from the UK and South Africa and has an office in each. Traders from Malaysia, Singapore, and Canada may also open accounts at Axi, but US traders cannot trade at Axi.

You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. Axi was previously known as AxiTrader before rebranding in 2020. They offer two account types, standard and pro.Apparently the only difference is the $7 commission in the “pro” per operation against 1 extra pip in the “standard”. Established in 2007, Axi is a recognized and trusted broker with its head office located in Sydney, Australia. It quickly made a name for itself and gained an international presence.

In addition to MT4, this platform provides additional functionality. The commission for trading with Axi is zero if you open a standard account. Compared to the pro account, the pro account charges a USD 7 roundtrip commission but spreads start at 0.0 pips. We found the process of opening an Axi account to be quick and easy.

• Any information or advice contained on this website is general in nature only and does not constitute personal or investment advice.
• The asset selection of this broker is quite limited, which makes a proper diversification of cross-assets unfeasible.
• We were impressed to find that both Axi’s minimum deposits and ongoing trading costs are significantly lower than most other brokers.
• You can change size and position very quickly and easily from the table.

You can contact customer support if you need assistance during the process. With tight spreads, flexible leverage, fast execution, and liquidity from 14 of the world’s leading banks, you can trade Forex across a huge range of major, minor and exotic FX currency pairs. You just need to fill in the form, download and install the platform (MetaTrader 4 / MT4) and start practice trading with $ 50,000 virtual cash on the account. We highly recommend getting a demo account before going live in trading because it is important to practice your skills and strategies and as well as be comfortable with the platform. Trading itself requires high risks and as traders, we need to be aware of that. When combined together, this can be a powerful edge to get better trades in trading.

Each trader wants to trade with aForex Brokerwho truly understands their needs.Axi is a company founded by traders for traders. The brand claims to be the bestonline brokerchoice for traders. In axi review this review, we will tackle the company itself , its platforms, services it offers and etc. Axi is a global online broker offering trading platforms for share CFDs, forex, crypto, gold & more.