AxiTrader Review 2024: 6000 Deposit Trade Tested ️

CFD trading with indices is another interesting investment opportunity for clients of AxiTrader. This involves a higher degree of uncertainty but if you know what you are doing, you can generate high profits with a relatively small investment. However, you should also be aware this is a volatile investment path where the losses you incur can sometimes exceed the balance of your account. The company also has a branch in Dubai where it is regulated by the Dubai Financial Services Authority (DFSA). The platform is open to traders from New Zealand under a license granted by the local Financial Markets Authority (FMA).

However, the broker can charge anywhere between 15 and 25 dollars for people having international bank accounts. All the deposits are processed instantly while the withdrawals can take up to 5 days to settle. Our Compare Forex Brokers’ Axi review found that it has a US subsidiary called Axi USA. This is the avenue US-based traders need to choose to trade forex to meet American regulation. We found Axi has a good selection of Forex pairs for trading via MetaTrader 4 (MT4). Axi only offers MT4, but with scalping and automation permitted and special add-ons for the platform, the broker allows you to make of the trading platform.

All information comes from providers’ websites with each provider offering free demo accounts to trial their offering and trading currency. AXITrader offers the MT4 platform as the standard interface for Forex and commodities trading. The broker hasn’t bothered to design any proprietary trading interface.

1. While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 70 currency pairs.
2. The reviews show that most customers are satisfied with the broker’s services.
3. Axi and Pelican Exchange Limited have jointly developed a dedicated copy trading app customers can download for free from Google Play or the App Store.
4. New accounts require verification, following well-established industry practices.
5. These charges vary depending on the trading instrument, position size, and market interest rates.

Cost Structure and Fees

Axitrader provides tight spreads starting from 0.0 pips on certain accounts, with no hidden fees. This transparency allows you to optimize your trading profits, making it an attractive option for traders looking to minimize costs. Beginner traders have access to a well-presented educational portal, and I think Axi Select is a real game-changer in the industry. I also like the seamless withdrawal process at Axi, while Autochartist offers a much-needed plug-in for the MT4 trading platform. Overall, I can confidently rank Axi as one of the best Forex brokers operational today.

Multilingual support in 14 languages

Use the economic calendar to keep track of any important future events that may have an influence on the market in which you are trading. The calendar is organised chronologically, detailing any events that occur inside a day and the time they occur. You may use the filters to look at any certain day, week, or month; simply choose the unique dates you wish to observe. Subscribing to an MT4 Forex VPS hosting service for 24/7 access will increase dependability and ensure that your positions are never disturbed.

Axi is a well-regulated broker known for its solid reputation across multiple regions, regulated by reputable authorities like ASIC, FCA, and CySEC, ensuring a secure trading environment. The broker offers the industry-standard MT4, along with good trading tools and Copy Trading features, catering to various trader preferences. Additionally, Axi provides access to popular trading instruments, offering traders ample opportunities for portfolio diversification. There are 4 types of accounts offered at Axi including the Islamic account that can be requested by contacting https://traderoom.info/is-axitrader-truly-a-trustworthy-firm/ customer support. The standard, pro and elite accounts are the options offered with the MT4 platform with a lot of facilities through it.

The platform’s stability and consistent performance create a trustworthy trading environment. Knowing that I can rely on Axi for seamless execution and real-time data gives me confidence in my trading decisions. The platform’s fast order execution is a key feature that traders value. Axi ensures that orders are executed swiftly, enabling traders to take advantage of market opportunities without delays. AxiTrader offers in-depth articles on many trading topics to help traders improve their trading results.

Customer Service

Plus, their customer support team is incredibly responsive and knowledgeable. After switching to Axi Select, I noticed a significant improvement in my trading efficiency. The platform’s execution speed is top-notch, and the variety of analytical tools available has really helped me refine my strategies. The customer service is also outstanding, always quick to respond and very helpful.

This enables you to potentially generate more significant profits with a small amount of capital.Keep in mind that crude oils are a very volatile category of commodities. Their prices depend on a variety of factors including but not limited to global supply and demand, complex political situations in oil-rich countries, and the production of alternative fuels. Copy established strategies and portfolios from hundreds of traders all over the world right into your MT4 platform to automate and simplify your trading experience. We built the website to assist forex traders in finding the right forex brokers to trade with ease. We are committed to transparency, accuracy, and comprehensive insights.

1. Since this platform was created by Forex traders, it is only natural for it to offer Forex trading to its clients.
2. For those who seek a trading platform with cutting-edge tools, Axi Select is the ultimate choice.
3. The educational centre offers chart tools that provide concise information on various commodities, equity indices and currency pairs.
4. Whilst this can be a good hands-off solution for those who do not have the time or knowledge to trade by themselves, I find the signals to be hit and miss.
5. If you have a different priority, then visit our homepage and view our other forex broker comparison charts.

The company allows you to open an AXITrader account without any minimum deposit. Of course, opening an account without an initial deposit doesn’t serve the purpose of trading. Therefore, the absolute minimum that traders can deposit into the broker is $200. $200 is a small amount of money, but the broker does not support smaller deposits that most other companies provide, which can be a disadvantage for ultra-small traders. Nevertheless, the $200 initial deposit allows clients to open an MT4 standard account, which is basically a market maker model. The AXITrader spreads on the Standard account starts from 1 pip, but the company promises to offer even lower spreads according to the market conditions.

Axi’s clients also note and regard well access to various liquidity providers from over 14 world’s largest banks and indeed marking Broker constantly for its services. Your trading experience with Axitrader is significantly influenced by its platform usability. The combination of intuitive features, streamlined navigation, and minimalistic design enhances your overall trading efficiency.

The download and the set-up of the software are entirely free of charge. One more option for registered clients of this platform is to trade with crude oil, which is yet another valuable commodity on a global scale. The margins for precious metal CFDs are as low as 1% at AxiTrader, so your exposure to risk remains minimal. You can further exercise control over your risk with the help of the flexible leverages the platform offers.