AxiTrader Review: The Strengths and Weaknesses of this Broker

It comes by nature that such a trusted broker from many traders would have the best regulations from the best financial regulators of the market. And so, Axi is making sure that when you’re trading, you’d have the supporting and appropriate regulations for your region. Hence, holding different licenses from different parts of the world was the right way to do so. The standard account requires no minimum deposit, has variable spreads starting from just 0.4 pips and charges no commission. This account does not have the lowest spreads but on the plus side, there is no commission fee.

Opening a swap-free elite account is also an option for large-scale traders looking to invest with zero interest but the USD is the only available base currency in this case. The in-browser version gives you more flexibility, not to mention it features a full market coverage of a variety of trading instruments, including Forex, stock indices, and commodity CFDs. The feature allows for round-the-clock trading even when traders are away from their trading terminal. You can keep track of multiple traders to learn new trading strategies and spread your capital. Those who already have experience with trading can share their own strategies with millions of MT4 users around the world. Registered clients have access to Forex trading around the clock, with no limitations in regard to their skill, level of knowledge, and geographical location.

Platform Usability

1. 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.
2. 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.
3. With its user-friendly platform and competitive trading conditions, it aims to cater to traders of all experience levels.
4. AxiTrader gives you the chance to try your hand at CFD trading with the currency pair BTC/USD.
5. This means you are free to deposit whatever amount you are comfortable trading with.
6. Users have exclusive access to a suite of advanced trading tools that includes the Order Flow Sentiment Indicator (OFSi).

Overall, I found the cost to be the same whether you paid the commission separately or have it included within the spread. Eligible Axi clients get complimentary access to top online trading courses from the London Stock Exchange-accredited Knightsbridge Trading Academy. This course allows you to learn from accredited tutors and elite traders. The free educational course covers many aspects of trading from how to place trades, risk management, chart analysis, news trading and more. They can help you to arm yourself with essential skills and strategies to trade the financial markets.

Supported Languages

Overall, Axi are one of the most impressive brokers I have come across. They standout in so many areas, especially when it comes to market analysis, education and customer support. I find them https://traderoom.info/is-axitrader-truly-a-trustworthy-firm/ to be a reliable broker and like that I can get easy access to trade the markets on user-friendly platforms and apps.

For this AxiTrader review, we opened a live account and deposited over €6,000. One click trading is part of the MT4 package and the charting options are just superb. Every one of the MT4 versions supported by the broker can be downloaded from the official site, for free. From that, it is easy to deduce that the focus of the brokerage is on Australia, Europe and China. Its accepted deposit/withdrawal methods support that assertion as well.

The platform is available in nine different languages, including English, Russian, Chinese, and Spanish, and offers some of the lowest spreads traders can hope for. Axi supports the use of Expert Advisors (EAs) on its trading platforms, enabling automated trading strategies. This feature is particularly appealing to traders looking to capitalize on market opportunities without constant monitoring. Axi applies commissions to certain account types, providing a transparent fee structure for traders. Similarly, Premium Accounts also include a commission of $7.00 per round lot, with spreads incorporated into the bid-offer price.

The platform is known for its user-friendly interface, advanced charting tools, and automated trading capabilities, making it suitable for both beginners and experienced traders. They have a simple-to-use forex trading platform, tight spreads (low fees) and an excellent training program. The forex broker is certified in Australia, which is critical due to the safeguards in place to protect currency traders. Welcome to our comprehensive review of AxiTrader, a well-established brokerage firm founded in 2007 and headquartered in North Sydney, Australia.

1. You get free access if you maintain a balance of at least $500 and trade a minimum of 1 standard lot per month.
2. Axi provides insightful market commentary from experienced analysts, helping traders stay informed about current market conditions and potential trading opportunities.
3. Axi relies on the third-party platform MetaTrader 4 (MT4), developed by the Russian company MetaQuotes Software.
4. You can choose from low spreads with a small commission fee or pay no commission but have a spread mark-up instead.
5. AN IB broker can bypass several regulatory guidelines that are usually reserved for mainstream Forex brokers, which helps the company to set up its base in the US.

The Standard account offers a straightforward trading experience, especially suited for beginner traders looking to trade Forex with a basic spread structure. AxiTrader provides traders with access to a comprehensive set of trading tools that are integral to success. These include charting tools, technical indicators, and market analysis resources that help traders make informed decisions.

Withdrawal Options and Fees

Other appealing features of Axi include its wide range of base currencies for your trading account and extensive education library. A major pro was that Axi has low spreads across all the instruments we traded with Bitcoin spreads being very low. Hello to everyone.Forexbrokerslab is my personal blog where I review reliable forex brokers. Forexbrokerslab is a project that aims to educate and protect forex traders. In this blog you’ll find practical guidance, unbiased reviews and much more. If you were looking for more options concerning trading platforms, you can check my top forex brokers list to choose the best option for you.

Axi Desktop MetaTrader 4 Platform

Those looking for an all-in-one trading experience may want to consider some of the larger brokers such as CMC or IG. The MT4 forex trading platform is ideal for forex traders of all levels. The forex trading platform is very clean, and all the charts and other trading tools are easy to find and use. AxiTrader’s customer support team was helpful and provided direct and relevant answers to our questions, but not at all times.

You can trade commodities without needing to purchase the physical asset as you are simply trading on the price movement of the underlying asset or instrument. Some of the most popular traded commodities are gold, silver, oil and gas. Enjoy daily access to exclusive expert insights, trend analysis and views on the latest market news, all designed to help build your knowledge and improve your trading skills. Whether you’re learning the fundamentals of Forex, discovering different strategies or looking for expert trading tips, the eBook series can help to improve your knowledge of the markets. The Autochartist pattern recognition software can save you time scanning the charts by conducting automated chart analysis for you. It will show you patterns found on an instrument of your choice with a pattern quality rating.