Some industry publications place it among the Top 10 Forex brokers by trading volume. Axi processes withdrawal requests within one to two hours, ensuring traders get swift access to their capital without complications. I recommend traders check with their preferred one to ensure the most cost-efficient method.
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In conclusion, AxiTrader is a well-established and reputable broker that offers a wide range of financial instruments for clients to trade across multiple markets. With its advanced trading platforms, competitive pricing, and reliable customer support, AxiTrader is an attractive option for both novice and experienced traders alike. Australian forex traders have different requirements from forex brokers ranging from leverage, fees to features.
The platform is incredibly user-friendly, making it easy to navigate and execute trades. I appreciate the low spreads, which have allowed me to maximize my profits. The educational resources are vast and have significantly improved my trading skills.
Compared to similar competitors, Axi has a great base currencies offering. The MT4 platform can be customized to a great extent, but is a bit dated and Axi’s web platform can be slow at times. However, you cannot withdraw funds back to a credit/debit card even if you funded your account using this method. We registered our account on 1 January 2023 and it was verified on 2 January 2023. Our account was approved after submitting all the required documents.
Is AxiTrader regulated?
AxiTrader is a global online forex and CFD trading provider that was founded in 2007. The company is headquartered in Australia and is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK. The short answer is Yes, Axi’s Pro account offers ECN-style tight spreads.
Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account. During the London-New York overlap session, I received a 1.1 pip spread for the EUR/USD or $11 per 1.0 standard lot. It is an above-average trading cost, and I recommend traders avoid it. The commission-based Axi account delivers as advertised, with raw spreads of 0.0 pips for a commission of $7.00 per round lot, which resembles a competitive pricing environment. From robust security measures to a variety of trading instruments, this broker offers a dependable platform. The responsive customer support further adds to the overall positive experience, making Axi my preferred choice for forex trading.
Best customer education set up
Open direct channels of communication with professional traders and highly experienced analysts, then trade alongside them as they take on the markets every day. 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. Client funds are held in secure and segregated trust accounts with top-tier banks including NAB and Lloyds.
- It’s important to note that AxiTrader does not charge any deposit or withdrawal fees.
- Axi does not charge other non-trading fees such as account inactivity fees or deposit and withdrawal fees.
- Additionally, the time it takes for a withdrawal to be processed may also depend on the withdrawal amount and the client’s account status.
- Axi Select has become my preferred prop service due to its unparalleled access to substantial capital.
Is this Broker Good for Beginners?
These include bank transfer, credit/debit cards, and e-wallets such as Neteller, Skrill, and Fasapay. The availability of these options may vary depending on the client’s location and account type. It’s important to note that AxiTrader does not charge any deposit or withdrawal fees. However, clients may incur fees from their payment provider, such as bank fees or credit card fees. AxiTrader boasts a “Great” rating on Trustpilot, with a 4.0 out of 5-star rating based on over 1,200 reviews.
The alarm manager can send you customised alerts which is useful if you powertrend are monitoring multiple charts at once and do not want to be at your screen all of the time. You can still set standard alerts in the MT4 platform which do more or less the same thing. The correlation trader will show you the correlation between different instruments and can help to find potential trading opportunities and for order management. 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.
The educational resources are comprehensive, helping me to stay informed and make better trading decisions. The market analysis provided is spot-on and has been invaluable in my trading strategy. Axi broker is a great choice for any trader looking for a reliable and efficient broker.
The video library consists of eleven courses, consisting of numerous lessons. While the videos in each are short, they introduce each topic to new traders. I think beginner traders can start there and then research more online. Overall, I find the educational section at Axi comprehensive and of good quality. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database.
Regulation of Axi broker
An advantage of the Axi MT4 is that they have invested in co-located servers and fibre optics for faster trading. AxiTrader offers 24/5 customer support to its clients, which is available via phone, email, and live chat. Both account types offer access to the popular MetaTrader 4 trading platform, a web trading station, and a mobile application, instaforex review as well as a range of educational resources and excellent customer support.
Overall, AxiTrader maintains a generally positive reputation among customers on Trustpilot, with many clients reporting a positive trading experience. However, traders should be aware of potential delays that may arise, particularly when scalping or withdrawing funds. AxiTrader is a Forex broker that is owned and operated by a group of experienced Forex traders, who understand the discerning requirements of modern traders and investors in the FX markets. AxiTrader has its presence in both Australia and the UK and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the Financial Conduct Authority (FCA) of the UK. 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.
Broker offers in-depth articles on various trading topics to help and support traders improve their trading results or learn, besides there are different video tutorials. Another advantage is that the broker groups the education material according to certain topics, to help both beginner and professional traders find the information they need easier. The educational centre offers chart tools that provide concise information on various commodities, equity indices and currency pairs. The FX charts offer in-depth information on various charts and provide a suitable interpretation of the various price fluctuations. 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.
