AXI AxiTrader review 2023 ++ Scam or not? Broker test

We tested it and collected the options and costs in How to withdraw money on Axi. Axi is regulated by multiple authorities globally, including the UK’s FCA and ASIC in Australia. Axi is regulated by a number of top-tier financial authorities. It is a well-established brand but it is not listed on any exchange and it doesn’t hold a banking license. You can use a demo account, watch high-quality videos and read great ebooks. An economic calendar is also provided with multiple filters, such as ‘Country’ or event ‘Category’.

If you think that a VPS would be useful to your trading activities, Key to Markets also give you free VPS access if you trade enough volume. The forex news feature provides you with the latest forex news directly into the platform. You can add your favourite news feeds and follow traders from social networks. In 2014, many financial investment reports claimed AxiTrader to be one of the top-notch and most trustworthy forex broker brands in the financial market. The primary reason why the AxiTrader Forex trading platform prefers to use the popular MetaTrader 4 is that the application is built for traders of all experience levels.

Further, the firm also launched its London branch in 2012, China branch in 2015. In China, AxiTrader entered into a partnership with China Union Pay to help its Chinese clients process payments easily and directly to AxiTrader. Later, https://forexarena.net/ when their trade volume surpassed the 100 Billion Dollar mark, AxiTrader stretched its corporate brand to Germany Latin America and also to the Middle East in 2016. Now I am passionate about reviewing and comparing forex brokers.

It doesn’t matter if I am sat on the sofa or even in bed, I can fire up the app and see what is happening. It is also great for getting notifications as soon as a price level is reached which saves me constantly checking the charts. This regulation gives me confidence that they are a broker who I can trust with my funds, so I am able to focus on my trading without any worries. I would always prefer to use a regulated broker as they should always operate in a transparent manner. Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.

Alternative Brokers

Axi offers the research tools of the MetaTrader platform, which do not include trading ideas or fundamental data. As a plus, there are other web tools, like a great economic calendar. It is important to note that certain products are only available from specific live servers on the MetaTrader trading platform.

Axi has a great mobile trading platform, offered by MetaTrader 4. It is well-designed and user-friendly, with a good search function. Yes Axi does not have its own self-developed trading platform, it usesMetaTrader 4,a third-party platform. There were times in our experience when accessing certain menus took ages, with the whole page frozen while loading. The withdrawal method must be the same as your deposit method, except for deposit via bank card to withdraw to your bank account. Axi charges no withdrawal fees and offers several method options for withdrawal.

AxiTrader UK Review

Clients have access to tools like AutoChartist, which is one of the top performing chart pattern recognition plugins on the MetaTrader 4 platform and can be directly applied to a trader’s charts. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.

AxiTrader offers multiple ways of adding or withdrawing money from the account. The supported methods of payment include wire transfer, MoneyBookers, Neteller, skrill, and bPay. Funds can be added to an AxiTrader account via these payment options. Selected companies also have the privilege to allow broker-to-broker transfers where a user can transfer their funds from one account to another within the AxiTrader brokerage. The trading platform mainly communicates with traders via email. But, it also has a toll free number where traders register their inquiries.

How to open an account with AxiTrader?

Now and then cut big amout of commission specially mid- night . So, it is most reliable to me now.I like to continune my trading business with Axi and also request others to justify this broker at least one time. But recently, I conclude to stay with axi due to their faithfulness and timely service delivery.

• The fact they are well regulated gives me peace of mind so I can focus on my trading.
• Even though the trading company provides a very competitive fund deposit price, the recommended min deposit is $200 for trade purposes.
• This may impact how, where and which companies / services we review and write about.
• You should know if you are willing to take the risk of losing money by trading CFDs before making a decision.
• At the point of writing this review, the only digital asset available for CFD trades is Bitcoin.

You can’t set alerts and notificationson the Axi web trading platform. This feature is available only on the mobile anddesktop trading platform. The web trading platform of Axi is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks price alerts.

You can set your own tolerance to risk with stop loss contingencies with the use of flexible risk parameters. Axiwas founded in the year 2007 and was rebranded from AxiTrader to Axi in 2020,with a goal to be theonline brokerthat traders would like to trade with. Since then, the company has risen and has grown to be one of the largest and leadingForex brokersin the world. Axi offers its clients the ability to trade indices, commodities, Forex cryptocurrencies, and some CFDs. As for the important question about margins, Axi offers access to flexible leverage options. In addition, the broker is a popular choice among Australian traders and worldwide investors that were convinced about the Australian service provided.

Stock index CFD and stock CFD fees

To access this feature, you have to download the Axi Copy Trading platform, then link your MT4 account to it. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers.

You can trade forex with a vast range of major, minor and exotic FX currency pairs with tight spreads, fast execution, flexible leverage and liquidity from 14 of the world’s leading banks. MT4 NextGen is a more advanced version of the MT4 platform with some additional features including advanced management tools, enhanced ordering and sentiment trading. You can get it for free when you open a live account and deposit a minimum of at least $1,000. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

If you want to take advantage of this tool, BlackBull Markets are an alternative option who also have it. Axi have an economic calendar that gives you details on upcoming news events which can be filtered by trading instrument, date and impact. You can see historical and future forecasts of each news release. The automated trade journal can help to improve trade analysis by automatically recording your activity.

Axi Customer ServiceYou can contact AxiTrader via email, and live chat. We waited for 1-8 minutes before being connected to the customer service team via the live chat function. The broker provides some market analysis on its blog, but the information is not frequently axi forex broker updated to keep up with market events. The FCA also guarantees traders registered under the UK entity deposit compensation of up to £85,000 in case the broker goes bankrupt. We contacted the broker’s customer support team to resolve the challenges we faced.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Hi Ricardo, please note that the difference in the amount is due to bank fees which Axi does not have control over. Please be assured that we are doing our best to resolve this issue. Our Settlement team is currently working on it and will reach out to you again to provide you with an update. Kindly note that we did send the funds to your bank last October 26th based on your bank instructions. When we recall the funds we do not have particular time to received the funds as this depends from your bank or the intermediate bank.

The MT4 WebTrader is perfect for using its custom scripts to access a trading account on the go. The feature ensures that no trader accounts lose money when trading remotely from their mobile devices or web browsers. The technology infrastructure of AxiTrader is built with advanced trading tools.