Before trading online with a broker like Axitrader you should be sure they’re legitimate online agent. As a trader, you should feel confident that your financial investments are in good hands with Axitrader. That’s why it’s essential to understand the Axitrader company policies and practices before making any investment decisions. By doing your due diligence and understanding Axitrader platform, you can make informed investment choices that align with your financial goals. So take the time to research Axitrader thoroughly and make the most of your online investing experience.
At the time of this review, the total number of available instruments at AxiTrader is less than 150. Compared to other ASIC-regulated brokers in Australia, Axi offers fewer instruments to trade. However, those who wish to trade with high leverage with no protection can choose SVGFSA but this is very risky. Traders can also choose the account currency in this step between AUD, GBP, CHF, EUR, PLN, and USD. The account opening process at AxiTrader is simple and can be completed within a few hours on a business day. Following are the steps that need to be followed to open a live trading account at AxiTrader in Australia.
- Commission fees can vary depending on the type of financial asset being traded and the Axitrader trading account level held by the trader.
- Traders can also choose the account currency in this step between GBP, CHF, EUR, PLN, and USD.
- Axi offers access to a web interface for seamlessly accessing the Meta Trader 4 terminal for trading.
Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don’t require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features. More recently, the broker has tried to appeal to customers with their offer of some of the lowest spreads on the market. For example, with their pro accounts they are offering traders close to 0 spreads on some of the major forex pairs. AxiTrader offers three different account types, demo, standard and pro.
AxiTrader UK Review 2023
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. The number of available assets at just over 130 may be a concern for some experienced traders though the list does include forex, index, https://broker-review.org/ commodities, and cryptocurrencies. 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.
Axitrader Trading benefits
You can also contact them on their social media accounts like Twitter, Linkedin or look at their YouTube channel. AxiTrader offers a good amount of risk management, such as market order, trailing stop, margin calls, stop loss, take profit, and trailing stops. This company has over 140 forex pairs, and in 2018 they added AxiTrader cryptocurrency to their assets. In 2019 they won the “best forex broker” in Europe and the Middle East. That same year they also received Best MT4 Forex Broker recognition, and this year ADVFN gave them the International Financial Award. IC Markets can also be deemed as reliable because they hold client money in segregated trust accounts with several AA rated Australian banks.
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. Again this mobile platform is easy to use and provides comprehensive access to all markets including powerfully detailed charts and tools so that you miss none of the action even on the move. What you will have to deal with are a few more fees like commissions and overnight fees due to the low spread.
What is the minimum deposit for AxiTrader?
Yes, scalping is allowed by Axi meaning if you are a scalper then the broker is an excellent choice thanks to the supportive environment, low spreads, and fast ECN execution. Besides, the broker also allows hedging and copy trading sophisticated strategies allowing traders to improve their trading experience. The fees on Axi are moderate as you can trade commission-free with the Standard Account or with low spreads on the Pro Account. You can also apply for a professional account to access more leverage. With $50,000 worth of virtual funds, you can access real time spreads on a MT4 platform.
We found the costs of trading Bitcoin at Axi were much lower than industry averages. The average Bitcoin spread in our trades was just 14.4 versus the industry average of 45. The platform is fully integrated with many tools, services, and connectivity options offered axitrader review by Axi and provides for the needs of all trader types extremely well. Here you can trade all the available assets including Forex, CFDs, Spread Betting, and Metals. AxiTrader offers local phone support in Australia with AUD as the base account currency.
These include the ability to set stop losses, trailing stops, and take profits which can help manage your current positions. This account type is available with access to the MT4 trading platform, and allows for a total of 6 allocation methods to be applied to each sub-account under your management. In addition, you will benefit from a great range of risk management tools which are available to provide you assistance. The first Axi account type available that you will note as being both available and popular, is the Axi Standard Account.
Trading Platform Review
Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy. I also believe that the trading conditions at Axi are better than any deposit bonus and the absence of it non-essential. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money.
I like the trading experience at Axi as the Pro account offers raw spreads from 0.0 pips for a commission of $7.00 per round lot. I also appreciate the swap rates, which accurately reflect the global interest rate environment, free of excessive broker mark-ups, as evident at many brokers. While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
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. The MT4 platform is also much more sophisticated than any other technology that has been developed in house by a broker. It has a plethora of charting functionality as well as technical analysis. It also allows you to code your own bots or “EA” in order to automate your trading. While this looks like a pretty attractive asset offering, there seems to be a distinct lack of any single name equities to trade.
The platform’s user-friendly interface provides seamless navigation, ensuring both novice and experienced traders can execute trades efficiently. With lightning-fast order execution, Axi minimizes latency, crucial for capturing market opportunities in real time. The integration of advanced charting tools enhances technical analysis, empowering traders to make informed decisions. AxiTrader does not incur any non-trading fee for active traders as deposits and withdrawals are free. As AUD is available as base currency no currency conversion fee will be charged for AUD deposits. AxiTrader is an ASIC-regulated online broker that offers trading services for financial markets in Australia.
The short answer is Yes, Axi’s Pro account offers ECN-style tight spreads. You can access 140+ currency pairs for forex markets, a $0 minimum deposit, and fast execution with award-winning customer support all from one location through MT4. Brokerage firms like Axitrader may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms.
Is Axi a good broker?
AxiTrader operates under the AxiCorp Financial Services tag and has now rebranded itself to Axi in 2020. While the platform came into existence in 2007, the expansion into the Chinese and U.K. Additionally, AxiTrader maintains offices in several countries including SVG, the UK, Australia, and South Africa. They provide security to their investors by maintaining a physical presence. Keeping this in mind, never invest more money than you can risk losing. ECS doesn’t retain responsibility for any trading losses you might face as a result of using the data hosted on this site.