Axi Review 2023 Pros and Cons Uncovered

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. Also, the quantity of news differ from language to language – for example, news in Spanish only seems to be updated once a month. You can set alerts and notifications to be received via mobile,but only on the desktop trading platform. It would be much easier if you could set these notifications on the mobile trading platform itself.

For instance, if you are trading 100,000 units of the EUR/AUD, you will pay €3.50 per side or €7 round turn. There are significant differences when viewing Pepperstone vs Axi based on their most popular accounts ‘Razor’ vs ‘Pro’ account’. The table below shows Pepperstone and Axi along and average spreads. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

Axi Trader Review

It is important to emphasise that signal performances are based on historical performance and there is no guarantee on future performance. If you are looking for a dedicated social trading platform, then eToro would be my top choice. The automated trade journal can help to improve trade analysis by automatically recording your activity.

This is an imhttps://traderoom.info/vement of 12x previous Pepperstone execution infrastructure. Its main difference is the ability to personalise the interface for personal preference. Benefits include a more modern and attractive interface compared to MT4. This interface can be customised and has detachable charting options.

Markets and products

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money.

To help ensure you have more money left to trade with, Axi charges no fees for funding and withdrawals to or from your trading account, up to a value of $50,000 per month. If you exceed this monthly Fee Free Limit, they do reserve the right to pass on your Neteller and Credit card transaction fees. This is pretty much standard practice and not a deal breaker for me.

Both Pepperstone and Axi offer the same ‘default’ features that are available on the MT4 platform. If you require guaranteed protections, then consider brokers such as easyMarkets and Plus500. AxiTrader’s customer support team was helpful and provided direct and relevant answers to our questions, but not at all times. On our first interaction with the customer service team via live chat we received an inaccurate answer to our question.

AxiTrader leverage

I always like to know what is happening around the world as the news can have a large impact on price movement. I am a huge fan of trading apps, primarily because I am able to check the market prices and how good or bad my trades are doing at any time. It doesn’t matter if I am sat on the sofa or even in bed, I can fire up the app and see what is happening. It is also great for getting notifications as soon as a price level is reached which saves me constantly checking the charts. Axi accepts traders from the UK and South Africa and has an office in each.

There is likely to be a high risk of losing money when trading with the AxiCorp Financial Services Pty LTD because the license stands suspended. Till the time it gets reinstated, traders may find the trading platform a bit dicey. An oversight in the administration of this company has resulted in the suspension of its license. Users located in off-shore jurisdictions may not be subjected to this suspension order. It is difficult to confirm how the company is mitigating this issue.

How do you withdraw money from Axi?

We use dedicated people and clever technology to safeguard our platform. However, the document provided is not sufficient for the verification of your account and it has been Rejected. However, Axi offers a small number of tradable instruments, about 130, and does not offer ETFs and stocks, which is a drawback. We found the PsyQuation tracking tool to be very useful for tracking our trading performance and setting trade alerts. Traders can also change the leverage level of their accounts after registration. We tested the entire process when opening our account, and it was fully digital.

Axi offers a small number of Cryptocurrencies to traders, just 6 instruments. We found the costs of trading Bitcoin at Axi were much lower than industry averages. The average Bitcoin spread in our trades was just 14.4 versus the industry average of 45. AxiTrader UK is a brand belonging to AxiCorp Limited, a company regulated by the UK Financial Conduct Authority . It is a wholly owned subsidiary of an Australian financial firm called AxiCorp Financial Services Pty Ltd. Since the broker complies with financial regulations and offers excellent customer support, clients from all over the world trust it.

I will see if the axitrader review becomes 21 pips again in the weekend. Once you attach one of these features onto your chart, it either adds to it or transforms it completely. Let’s have a look at a couple of examples to illustrate what it’s all about. Now I’m going to reveal, hands down, one of my favourite features of AxiTrader.

Axi review and test – How good is the broker?

These signals can be used to trigger new trades, because the reversal may cause a new trend to start. With that said, this can be used as a technical pattern that can serve as an advanced warning to identify potential changes in the market direction. Keeping this in mind, never invest more money than you can risk losing. The risks involved in trading may not be suitable for all investors. ECS doesn’t retain responsibility for any trading losses you might face as a result of using the data hosted on this site.

• It scans markets continuously, identifies opportunities, and informs traders of the same.
• For example, the spread on the EUR/USD currency pair is typically 0.3 pips, while the spread on the FTSE 100 index is typically 0.5 pips.
• This facility is applicable only for customers from the European Union.
• Despite the suspension, this review declares no high risk of losing money when trading on the AxiTrader platform.

With full ASIC and FCA compliance, award-winning forex trading excellence, and multinational operations, you can trust that your funds and personal information are in good hands. With 24/7 trading across all devices and platforms, and servers in New York, you can take advantage of rapid trade execution. Only two options in Vietnam, use your credit card and get charged a cash advance fee, or bank with a bank that has Internet banking with them.

AxiTrader Fees and Commissions

You will find stocks of the largest companies, popular cryptos and major currency pairs. Operating with integrity, honesty, trust and transparency is of the upmost importance. They are always looking to improve their services in order to stay up to date with the latest innovative technologies and continue to deliver excellent customer support. You even get a dedicated account manager that is available to assist you in reaching your financial goals. While Axi has three well-regulated subsidiaries, most international traders will deal with the unregulated unit operating from St. Vincent and the Grenadines. Since Axi has an exceptional reputation, I do not view this as an issue.

AxiTrader has invested in co-located servers and fiber optics for faster, more accurate trading with its advanced technology. The Axi platform offers a range of features that can help you to trade more effectively. These include advanced charting and analysis tools, real-time market data, automated trading strategies, and customisable risk management tools. Additionally, the platform also offers trading ideas, news and insights, and educational resources to help you to develop your trading skills. AxiTrader offers a range of options for traders, including the popular MT4 platform, and expert advisors are welcome for automated trading purposes. Whether you’re a beginner or a seasoned trader, you can choose from live accounts or 30-day demo trading accounts.

Through its Australian entity, AxiTrader requires a minimum of $500 deposit for Australian residents to open a standard account. In the British unit, there is no minimum level for either the standard or the PRO. Many of the regulations imposed by the regulatory agencies overseeing AxiTrader, have everything to do with client protection, among other reasons.

We ranked Axi’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. To read much more details about the broker’s services and features, expand on the sections below. Facilitating these platforms and their rights reserved with AxiTrader make it a key recommendation in the trading community. Without these tools, implementing any trading strategy could render it useless. Three unique features make AxiTrader a success in the trading game. The broker is known to harvest the best out of the Autochartist MT4 plugin, its VPS hosting, and the PsyQuation Premium service.

This selection is based on objective factors such as products offered, client profile, fee structure, etc. The valued clients of AxiTrader have helped the brand distribute its global revenue base across multiple streams, including overnight fees and dealing spreads. Due to its regulatory compliance and best practice implementation, AxiTrader stays compliant across multiple authorities.

AxiCorp Financial Services Pty Ltd is an online margin Forex business providing Foreign Exchange trading, Contract for Difference trading and currency transfer services. The broker provides some market analysis on its blog, but the information is not frequently updated to keep up with market events. Axi processes client withdrawals via most of the payment methods available for deposit making it convenient for its clients to withdraw their funds. The FCA also guarantees traders registered under the UK entity deposit compensation of up to £85,000 in case the broker goes bankrupt.

This AxiTrader review finds the training aspect of the software quite impressive. Outsourced training is further complemented by in-house educational content, which contains high-quality articles. It allows the users to access the software’s benefits in running the server component and the client features. The client software sees the live streaming prices of forex currency pairs and displays their trend charts. It suggests insights to place orders and manage investments of its users. This practice eliminates the misconception that new accounts lose money when trading forex.