Axitrader vs AxiCorp Forex Brokers Comparison Which is best

My trading profit was deducted by them for a reason at will. If anyone does short-term trading like me, please be careful. AxiTrader offers over 130 CFD instruments across Forex, Stocks, Indices, Commodities, Precious Metals, and Cryptocurrency categories.

It is how they can offer services across so many countries. With a great reputation, making them an excellent choice for both learning and expert traders. 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. As well, you can strengthen your strategies by Authochartist, as an AxiTrader client getting free access to flexible charts through the sophisticated tool – PsyQuotation. However, always note that high leverage can work in reverse too. Check out the current account balance requirements at Axi in our What is the minimum account balance at Axi article.

Deposits and Withdrawals

Due to its regulatory compliance and best practice implementation, AxiTrader stays compliant across multiple authorities. Despite the suspension, this review declares no high risk of losing money when trading on the AxiTrader platform. The Axi subsidiary that runs AxiTrader is authorized in St. Vincent and the Grenadines. It is regulated by the Financial Services Authority, bearing number BC 2019. A live chat can also cover some training topics wherein an expert answers the questions and satisfies them. Besides the live chat feature, an FAQ section educates the clients with reliable answers and improves their trading experience.

Axi is a global online FX and CFD trading company, trusted by 60,000+ customers in 100+ countries around the world. If a client’s free equity falls below the Liquidation Level AxiTrader is entitled, but not obligated, to close all open positions. We do not guarantee that positions will be closed and clients are warned not to rely on AxiTrader to do so. We also cannot guarantee that if positions are closed by AxiTrader that a deficit on the account will be avoided. Clients must be aware that they remain liable for any debit balance arising on their account.

PROGRAMMING SERVICES

The Australian and UK AXITrader Forex broker is one of the brokers that ensures a safe and secure trading environment for its clients. The AXITrader review will give you full information on this broker and its role in the market. AxiTrader is a recognised and respected online FX and CFD broker offering high quality trading service and technology to retail and institutional traders worldwide.

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. We ranked Axi’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. We are extremely proud of our global reputation for reliability, trustworthiness, customer service and client satisfaction.

AxiTrader has an end-to-end solution for its trading services. The technology suite of AxiTrader includes the MetaTrader 4 trading platform, its web app version, Myfxbook, and some additional APIs. The trading platforms run on all operating systems, including Windows, Mac, Android, and iOS. The broker delivers its services for hard and soft commodities, including 31 equity CFDs and 6 cryptocurrency CFDs.

AxiTrader is divided into 3 accounts – MT4 Standard Account,MT4 Pro Account, and Elite Account. Is Axi legit features all the key aspects you need to look at to see if a broker is safe and legit. Axi is regulated by multiple authorities globally, including the UK’s FCA and ASIC in Australia.

I can’t withdraw from Axi

While Axi’s email, live chat, and eleven toll-free numbers are available around the clock, I was unable to locate a dedicated FAQ page. Most traders won’t need any help with Axi because of how clearly it describes its products and services. Support agents for Axi can be reached quickly in the event of an emergency.

• AxiTrader’s full registration and compliance stay in Australia, and its UK subsidiary gets authorization by the Financial Conduct Authority.
• BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you .
• Trading on AxiTrader Standard account, you only need to pay for the spread, which is the difference between the buy and sell price.
• Its AI-driven analysis helps the trader improve daily performances.

The asset selection of this broker is quite limited, which makes a proper diversification of cross-assets unfeasible. Forex pairs have been one of the most lucrative assets in the world of trading financial instruments. By registering high returns, forex trading has instantly profited investors worldwide. However, the domain of forex trading is not so easy for everyone to champion it.

Looking for more references? The following are other comparisons related to tradeview, axitrader:

While Axi offers a demo account with flexible options concerning the account balance, base currency, and leverage, it is limited to 30 days. Therefore, I consider it pointless, as traders use demo accounts to test applications and trading strategies, which requires significantly more than 30 days. As an established international group of companies, AxiTrader provides financial products focused on foreign exchange, primarily for retail investors.

Daily trading costs are equally minimal with no funding fees, no deposit/withdrawal fees and no minimum deposits required. Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account. 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.

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. Withdrawals, isn’t back into the funding credit card like, mentioned in the company documents.

However, here is their reply, “These are subject to regulatory standards and as per our company policy, deposit methods available will always be based on your country of residence. While Axi does not offer deposit bonuses, it presently maintains two promotions for affiliates. 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. The Axi blog also features high-quality educational articles, and I can only recommend that traders of all levels take a look, as there is plenty of thought-provoking content. Five eBooks are also available free of charge, but Axi asks for a name, country, phone number, and e-mail address.

Trading platforms

This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology. Great review; and especially the breakdown of services and functions available. AxiTrader looks like a great Forex broker for anybody outside the U.S. Otherwise, the above review points to AxiTrader as a top-notch broker.

It uses MetaTrader 4 as its dominant trading platform, and this standard approach helps it attract retail traders. Traders-to-be have to pay careful attention when they are choosing a broker who is going to be their business partner in the dynamic and versatile Forex market. New traders have to have the security and trust to be able to trade properly.

The broker has market-competitive spreads across a wide range of commodities, currencies, and indices. During liquidity, the spreads fall lowest to 0.0 pips, and AxiTrader adheres to ensure that the costs stay competitive. The MT4 WebTrader is best https://broker-review.org/ used to get a quick visual overview of the markets, study the charts, and monitor the existing trades. A full module of this web app provides dozens of indicators, which work as drawing tools for completing the order management functionality.

It allows the users to access the software’s benefits in running the server component and the client features. The client software sees the live streaming prices of forex currency pairs and displays their trend charts. It suggests insights to place orders and manage investments of its users. In October 2020, AxiTrader officially announced rebranding its company from AxiTrader to Axi. Trader communities of the platform will be rebranded accordingly. In this paragraph, we will go over the trading conditions on AxiTrader and look at how they compare to the current market standards in the financial industry.

We’re also licensed, regulated and have customers in 100+ countries. The standard debit cards can be linked to the account to transfer money back to the account. No AxiTrader fees are imposed on the withdrawal of funds from an AxiTrader account. The MetaTrader 4 WebTrader runs on all web browser applications. AxiTrader platforms do not require upgrades as the service delivers them with their most powerful versions.

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. We’re proud of our status as a top global online trading company, and we won’t rest until we can give every one of our traders the ultimate trading experience. The company is growing from strength to strength, catering actively to its diversified clientele and substantial trading volumes. The revenue collected by AxiTrader makes it one of the top 10 retail brokers in the global forex and CFD market.

Unfortunately, AXITrader is also one those brokers who do not have any bonuses at their disposal to cheer up their clients from time to time. Promotions are also not AXITrader’s cup of tea, except for the special Refer a Friend promotion which can earn you 130 GBP. If you register with this broker, be prepared never to get any extra trading bonuses. Bonuses are important to traders, but they still put security over the bonus policy which means that this reliable broker can probably get away with this shortage. The company guarantees to offer no re-quotes, which induces slippage.

The broker offering is good but quite narrow and limited to only FX and CFDs. Also, the availability of some assets depends on the jurisdiction in which traders are registered. 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. Axi holds a comprehensive Client Money Insurance policy that provides retail clients with protection up to US$1,000,000. This insurance coverage comes at no additional cost and automatically applies to all retail accounts with balances above US$20,000.