AxiTrader Review 2023: 6000 Deposit Trade Tested ️

The connection time was under a minute and account managers were professional, able to quickly answer both generic and more advanced questions. Axi is a reputable broker offering a solid amount of https://forex-review.net/axitrader-review-scam-or-legit/ FX instruments, albeit a relatively small number of CFDs via it’s FCA and ASIC-regulated entities. For a full list of all of the CFDs on stocks and local indices, check their website Axi.com.

  1. Islamic accounts, also known as swap-free accounts, are fully compliant with Shariah law as they do not charge swap fees.
  2. For retail traders in Australia, Axi offers 2 account types namely Standard and Pro.
  3. I always recommend that traders check them before evaluating the total trading costs.
  4. Both regulators are considered to be the most respected agencies in the market, which does provide great reassurance for traders while choosing AxiTrader as their Forex broker.
  5. 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.

Something else that you will most likely want to make use of is the Economic calendar. These are pretty standard for Forex traders and is used to mark all the important Economic announcements that are coming up over the coming weeks / months. You can also set the platform up to receive notifications via the app, email or an SMS.

Axi Standard Account

For those who do not know, MT4 is a third-party trading program that was developed by a company called Metaquotes. This is one the most widely used external trading software currently on the market. You also have to consider the risks that come with leverage of up to 400x. While this could be a great way to enhance your returns there is also a large downside risk. Remember, if your account gets to 20% equity then your position will be liquidated quickly.

FOREX, CFD AND OTHER FINANCIAL INSTRUMENTS AT AXITRADER

There are two types of live accounts and these are the standard and the pro accounts. These basically differ according to their fee structure as well as the amount of leverage that you can employ with them. As has become standard for most brokers these days, AxiTrader offers a demo account.

Ready to Turn Your Trading Game Around With AI Magic?

MT4 is the only trading platform that allows trading on less than 150 instruments. Hence, AxiTrader might not be ideal for the traders who do not want to trade with MT4. Clients residing in Australia can choose to open an account and get registered under 2 regulatory authorities. Traders must always choose https://forex-review.net/ ASIC as this will grant them protection under ASIC regulation. AxiTrader is regulated by 2 top-tier regulatory authorities and could be a good choice to trade online in Australia. We have reviewed AxiTrader comprehensively and honestly to assist the clients in choosing a suitable broker in Australia.

Axi Review

They are required for opening an account, and therefore not an obstacle to new clients. 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. The Axi mobile trading platform is provided through MT4 mobile and is available through iOS, Android, and your tablet devices.

How can I start trading with Axitrader?

We found the PsyQuation tracking tool to be very useful for tracking our trading performance and setting trade alerts. 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.

Is AxiTrader Safe to Trade With?

A product schedule is a complete list of the products and fees offered by the broker. Further investigation will support our theories, but for now, AxiTrader didn’t let us down. ECS does not gain or lose profits based on your trading results and operates as an educational company. All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose.

The withdrawal methods include credit card, debit card, bank wire transfers and epayment. When using AxiTrader’s MetaTrader4 Pro Account, traders can enjoy an ECN-type environment with lower spreads and generally faster execution speeds. Between 74-89% of retail investor accounts lose money when trading CFDs. Andrew has a well-established career in fintech and came up with comparebrokers.co to make
trading on financial markets more transparent and accessible.

This is through the extremely user-friendly AxiOne trading platform which is connected to more than 20 liquidity providers for the best depth and fastest order execution. Depending on location crypto trading may also only be open to professional traders. Considering the downsides or limitations of the broker, there are a few points to mention.

Our account was approved after submitting all the required documents. Here is a look at some additional products that you may encounter when trading at Axi. At Axi, there are a number of base currencies available for you to select from.

The broker AxiTrader was launched in the year 2007 in Sydney, Australia, and has advanced to become one of Australia’s largest Forex brokers. AxiTrader is part of the AxiCorp group, (AxiCorp Financial Services Pty), which has exhibited consistent growth since its formation and now ranks as one of the top 10 global Forex providers in the world. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe,
Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting,
and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results.

At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. The best part is that upon reviewing the platform, trading data was 100% open instead of being restricted to a few percentages like most copy or social trading platforms provide. Axi offers dynamic spreads in all their accounts (meaning that they constantly change) yet they do adjust their base offer depending on the account type a trader opens. Axi offers a trading platform that is not only powerful but also intuitive.

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