This is also backed up by a great range of charting tools and indicators that their own platform, as well as MT4, provides, though the limited asset choice can be an issue. This means if you are a scalper then the broker is an excellent choice thanks to the supportive environment, low spreads, and fast ECN execution. Overall then Axi is a great choice if you prefer a feature-filled proprietary axitrader review trading platform. If you are looking for direct copy trading though, there may be more ideal choices. To trade stocks, you must first open a brokerage account, research the stocks you want to trade, evaluate their performance and financials, then place buy or sell orders with your chosen broker. Contact us if you’re looking for a reliable stock trading broker, obligation free.
- As AXITrader is only a MetaTrader broker, it is imperative and a standard expectation that it offers not only a mobile trading website but also dedicated mobile apps for both Android and iOS.
- These have naturally been designed, with the exception of size modifications, to emulate its desktop trading platform and therefore operate to the same high standards traders have come to expect.
- All funds deposited to Axitrader are held in segregated bank accounts for security.
- Clients can withdraw funds through debit/credit cards, e-wallets, bank transfer and cryptocurrencies.
- This sense of community fosters a supportive environment, especially beneficial for those who appreciate the exchange of ideas and the camaraderie of a thriving trading community.
Although there is a wide range of markets available for trading on MT4 still the number is lesser when compared with other ASIC-regulated brokers in Australia. The MT4 trading platform can be downloaded on android, iOS, Windows, and macOS and linked with the AxiTrader trading account. In the next step, traders need to provide further details of their name, date of birth, and address.
Does Axitrader offer CFD trading?
Discussing value you will find a very low spread from 0 pips if working with a Pro account and an equally competitive spread from 0.4 pips on Standard accounts. The broker also provides for a great range of VPS choices in ForexVPS, MetaTrader VPS, BeekSFX VPS, and CNS. Brokers may occasionally pretend that your withdrawal has been approved before placing the money back in an effort to induce you to trade and reverse the withdrawal. Investing in leveraged products has a significant amount of risk, so consulting a professional is a must. The 1,305 reviews for AxiTrader speak for themselves; they have a 4-star rating as a broker on Trustpilot. 88% of the evaluations are favorable, while only 12% are unfavorable, with the majority of these reviews focusing on software and withdrawal concerns.
Is Axi a market maker?
For retail traders in the UK, Axi offers 2 account types namely Standard and Pro. The third account type is specifically configured for professional traders named Elite account. Spreads for pro accounts start from 0.0 pips and begins at 0.4 pips for the standard. Yes, in our independent review we conducted multiple tests in regard to their online presence, security, tools, features and client support. IC impressed with fast and professional customer service, swift payment processing and other important factors. AxiTrader further offers a few interesting VPS service options, which are especially beneficial to high-frequency traders or those who use automated trading strategies.
This means that if the broker ever ran into bankruptcy or insolvency, your money would always be safe. This policy is bolstered by the availability of ICF insurance for traders in the UK. This is only available to their UK and Irish traders though due to regulatory requirements. Again here you will be glad to find there is no minimum deposit needed.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients. There is no lower limit on the deposit and withdrawal amount at AxiTrader in Australia. AxiTrader’s demo account offers a risk-free environment for traders to practice and learn with real market conditions and access to educational resources. However, it has a limited duration, and there can be emotional differences when trading with real money.
Our research found that AxiTrader offers a full suite of MetaTrader 4, presented in Web, Android, iPhone, and iPad versions. Good to note, that not all MT4 platforms are created equal, as the broker may invest in a co-located server and fiber optics, in order to process more accurate trading or not. Opening an account with AxiTrader is quite easy, you just need to follow the steps of the account opening process, verify your details and select the account type of your preference. AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority (UK) and by the Australian Securities & Investments Commission. Since over-the-counter derivatives carry significant risks traders should be assured they’re dealing with a transparent provider, which can be provided only by the regulated broker.
AxiTrader Review 2020: up to 500:1 leverage
Our team has endeavored to break down the complex world of trading with Axitrader into easily digestible information in this Axitrader review. We want to ensure you have all the knowledge necessary to use the Axitrader trading tools confidently, from depositing and withdrawing funds to executing trades. When it comes to online trading with brokers like Axitrader,
carefully review Axitrader as your broker can make or break your success. Choosing the right broker is essential to ensure your Axitrader investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.
A final rating is produced for each forex broker based on a total of 187 data points. Overall, stop-loss orders can provide Axitrader traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with Axitrader, you must actively monitor your live trading portfolio and financial exposure on Axitrader. It’s important to note that Axitrader requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Axitrader maintain a trustworthy financial environment for its 10,000 users.
Meta Trader 4 accounts are strictly meant for trading and are segregated as Standard, Pro, and Elite accounts. To date, Axi positions itself as a trading platform built by traders with the singular aim of helping out the common folk. It is the customer-first approach that sets this Forex broker apart. Opening an AXITrader account is quite a detailed process, more so than many other brokerages. Interested traders need to click on the “Open an Account” button and them complete its simple registration form. In terms of AXITrader, they have licenses from the FCA, DFSA, FMA, and ASIC and therefore adhere to all regulatory requirements that govern their brokering licenses.
So, Tradency is a bridge between these expert developers and your trading account. It allows these expert developers to create their own fully tested trading algorithms. You can either run these live in your account automatically or you can choose to copy select developers. When you install it on your device it connects to the AxiTrader server from with your MT4 account details.
Research and Tools
At the time of this review, the total number of available instruments at AxiTrader is less than 150. Compared to other FCA-regulated brokers in the UK, Axi offers fewer instruments to trade. All the available account types at AxiTrader can be opened with GBP as the base currency along with USD, EUR, and AUD. The standard and Pro accounts can be opened with 10 different base currencies. This is actually quite an impressive list of services that range from trade copying software to social trading and trade analytics software. Some of these services are also well known to more professional traders.
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. With Axi, you can trade CFDs online and access a wide range of markets, including Forex, CFDs on shares, indices, commodities, precious metals, and more. Axi is a top global broker trusted by thousands of customers in 100+ countries for its innovative, customer-focused approach and competitive fees and spreads. This site was created for people interested in learning digital options, cryptocurrencies, Forex, CFD, ETF, OTN, and ICO and, of course, how not to fall for the bait of unscrupulous trading platforms.