Right now, they host over 40,000 traders with 8 offices around the world to ensure smooth sailing. In 2016, AxiCorp announced that it had received a significant strategic investment from RGT – a leading Australian private equity firm. The London-based brand of AxiTrader launched in 2012, and when they expanded by 2015, they had hit $100 billion in monthly volume moved by clients. It’s important to note that this table is not exhaustive and there may be additional pros and cons to consider when evaluating Axi as a potential broker. Yes, Axitrader does have an affiliate program, so grab the opportunity to become an Axi affiliate and earn income. Leverage is a quite known instrument, which obviously multiplies the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly.
In most cases, the need to contact customer support arises when the AxiTrader user faces some minor issues in opening the account or managing multiple accounts. If new accounts lose money when trading with the software for the first time, the customer support staff connects them with experts for quick recovery. The technology infrastructure of AxiTrader is built with advanced trading tools.
It can build an online investment portfolio and organize trading accounts and help users monitor these accounts from a unified interface. Traders can automatically check the data with its innovative tools that run statistical analysis. It also allows them to see their trading performance via third-party audits.
I like the trading experience at Axi as the Pro account offers raw spreads from 0.0 pips for a commission of $7.00 per round lot. I also appreciate the swap rates, which accurately reflect the global interest rate environment, free of excessive broker mark-ups, as evident at many brokers. While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs. For professional traders, the company offers to use the Next Generation of MT4 – MT4NexGen. This platform is available free of charge for clients who open a live account with a minimum deposit of 1,000$.
Equity CFDs are notably missing, which is a negative in my book as I trade them, but Forex traders have a good selection. All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds. I can highly recommend Axi, particularly the unit operating out of St. Vincent and the Grenadines, due to it.
Like any other platform, AxiTrader has also been thoroughly reviewed to clear out the doubts raised by traders. As for the important question about margins, Axi offers access to https://forexhero.info/ 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.
The broker delivers its services for hard and soft commodities, including 31 equity CFDs and 6 cryptocurrency CFDs. The asset selection of this broker is quite limited, which makes a proper diversification of cross-assets unfeasible. In October 2020, AxiTrader officially announced rebranding its company from AxiTrader to Axi. Trader communities of the platform will be rebranded accordingly. 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.
Here, check out our review about AxiTrader and find out why their trading platform is regarded as one of the best in the industry. We reviewed the broker’s performance in six different categories and discovered that the axi review broker fairs quite well in each of them. For further details and information, go through our review below. Established in 2007, Axi is a recognized and trusted broker with its head office located in Sydney, Australia.
This is the most popular version of MT4 that is used by millions of traders across the globe to trade the financial markets. From the high performance MT4 terminal you can access Axi’s full selection of trading instruments. You simply download and install MT4 for PC or Mac and login to your account to start trading. MT4 has a user friendly interface with a range of benefits and features including technical indicators for analysing charts, automated trading, one click trading, flexible charts & tools. An advantage of the Axi MT4 is that they have invested in co-located servers and fibre optics for faster trading.
However, we always recommend you to do your own research before opening an account with the broker. Axi still caters to a broad range of traders through its FCA regulation in the UK. Nial Fuller is a professional trader, author & coach who is considered ‘The Authority’ on Price Action Trading.
Axi cater for all levels of traders with their leading trading technology being advanced enough for the more experienced traders whilst being simple enough to use for the less experienced. The powerful and reliable trading platforms are available in numerous languages. You can trade from your computer or mobile with all of the tools needed for analysing the markets, placing and managing positions. Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section. Axi explains its products and services well, and I believe most traders will not require assistance. In case of emergencies, Axi customer support is easily accessible.
Axi’s Customer Support
The use of these applications is suitable for specific circumstances, which is why AxiTrader clients must determine their use for their needs. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
I think it is great that the tutorials are available in 24 languages to cater for the wider community. Most brokers tend to just have English content so this helps set them apart from others. The multi-account manager (MAM) is a built-in trading tool that allows you to conveniently control multiple accounts from one trading terminal. It can execute multiple blocks of orders on all accounts that are operating under a master account with 6 allocation methods and all order types accepted. The MAM is only available to approved and regulated operators of discretionary accounts or managed investment schemes. You will find a good choice of trading tools that can be used for assisting with your trading.
- Facilitating these platforms and their rights reserved with AxiTrader make it a key recommendation in the trading community.
- This section is frequently updated and includes technical and fundamental chart analysis which can help inspire potential trade ideas.
- Axi provides traders with 50 currency pairs, six cryptocurrency pairs, 20 commodities, and 31 index CFDs.
- Before you start opening an account with this broker, you need to make sure that you know enough about the markets and how they work.
A review conducted on the said regulated service proved that AxiTrader is completely legit under St.Vincent’s authority and the Grenadines Commercial Intellectual Property Office. AxiTrader is not replicated by the country’s regulator – the Financial Services Authority. It is a broker noted under its regulatory jurisdiction, as mentioned on AxiTrader international website.
The best things here in AXI Are the…
All British traders are eligible to open a trading account at Axi but will have to follow the fully digital three-step application process. We were impressed to find that both Axi’s minimum deposits and ongoing trading costs are significantly lower than most other brokers. Axi’s range of financial instruments to trade is smaller than most other brokers, but we were pleased to find that it recently added a range of share CFDs to its offering. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
Is Axi trading regulated?
Yes. Axi is authorised and regulated by the Australian Securities & Investments Commission (ASIC), AFSL number 318232. Axi UK is a trading name of AxiCorp Limited which is registered in England and Wales under registered number 06378544.
You can set alerts and notifications to be received via mobile, but only on the desktop trading platform. It would be much easier if you could set these notifications on the mobile trading platform itself. Similarly to the web trading platform, Axi provides only a one-step login. You can’t set alerts and notifications on the Axi web trading platform. This feature is available only on the mobile and desktop trading platform.
It is important to note that high leverage has an inverse effect as well, where it could work in reverse of the trade. Please note that an AxiTrader user may lose money when trading a Swap Fee. This adjustment reflects the comparative difference between yield or interest rates on the underlying financial instruments. The prices for availing of this feature range from a monthly subscription of $10 to $35. AxiTrader also credits its traders for using ForexVPS and Commercial Network Services if 20 lots are traded per month.
Similarly, AxiTraders offers a 30% discount for the BeeksFX users through a coupon. The research section with the broker only provides access to an economic calendar and no other insightful research tools like other major brokers. At the first stage and as a new to trading, you also can open a free 30-day trial Demo account with a virtual cash balance of £50,000 to practice skills and touch a trading process in a “real”. The traders that follow Muslim Sharia rules are entitled to open a Swap Free Account that is not subject to Swap Fees on FX Major, FX Minor, and Precious Metals Symbols. On the plus side, forex fees are low, and deposits and withdrawals are free of charge. Account opening is easy and fully digital, without any minimum deposit, which is also great.
- As its trading platform, Axi decided to focus on the popular MT4 terminal.
- The license issues are probably temporary as the broker continues to enjoy success and great reviews from clients and industry experts.
- You simply download and install MT4 for PC or Mac and login to your account to start trading.
- This probably won’t be required by the average day trader but if you are using a strategy that needs the lowest spreads and quickest execution possible, this could be a solution.
- While, regulation may not guarantee that your money is safe and secure, it does provide you with some peace of mind, as you will have someone to turn to for resolving your disputes and issues.
You can choose from the standard or pro accounts that are flexible depending on your individual needs. I appreciate that all of the accounts feature simple and secure funding, advanced trading platforms and powerful tools for finding trading signals. AXI offer a wide selection of trading assets including 50+ Forex pairs, cryptocurrencies, indices, precious metals, energies, and some commodities. As concerns their trading platforms, there is the classic MetaTrader-4 in several versions for desktop and mobile devices.
The sentiment indicator will give you an insight into what positions other traders are taking. Sentiment analysis is often used as part of a contrarian trading strategy. After all, it is the sentiment that moves the market most of the time.
The economic calendar keeps you up to date with the latest market news and can be set to send you alerts on specific events. It is useful having the calendar build into the platform rather than needing to keep checking it externally. I always like to know what is happening around the world as the news can have a large impact on price movement. Axi accepts clients from all over the world, excluding USA, Canada, Iran and some other countries where restrictions apply. If they do not accept your country, you can look at our broker ratings for an alternative option.
For experienced traders who value simple account options, strict regulation and the heavily customisable MT4 platform, Axi is a very tempting option. Established in the year 2008, AxiTrader is an Australia based ECN broker situated in Sydney. As an ASIC regulated firm, AxiTrader offers excellent support and services to its clients. During the review procedure, our expert traders also discovered that the company has won several awards and accolades from financial organizations and institutions across the globe. Also, unlike other brokers, AxiTrader is open and accessible by traders from the U.S as well. In U.S.,the broker operates through its subsidiary -the AxiTrader USA.
Islamic trading accounts featuring no swap fees or interest payments. AxiTrader’s pure Forex accounts have the privileges to select assets and indices with proper diversification. Moreover, AxiTrader helps new retail traders start their first trading account before becoming advanced traders and running into the platform’s limits sooner or later. Overall, we found the main Axi offering that adheres to accessing the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced ones.
Axi offers some of the best swap rates industry-wide, something I urge traders to consider who keep positions open overnight, as it makes a notable difference. Axi does charge an inactivity fee, which adds to the excellent cost structure. Here is a screenshot of the Axi MT4 Pro trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
This service doesn’t involve a managed fund, giving clients the flexibility to manage their risk as they see fit. The Copy Trading app allows clients to select from a pool of experienced traders to follow, analyze their performance and risk metrics, and automatically replicate their trades in real-time. Axi offers a diverse range of over 130 financial products that cater to the needs of traders and investors.
What is the rating of Axi broker?
Overall, Axi is considered low-risk, with an overall Trust Score of 84% out of 100. Axi is licensed by three Tier-1 Regulators (high trust), one Tier-2 Regulator (average trust), and one Tier-3 Regulator (low trust).