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axitrader review

The main difference between the standard and the pro version is the different spreads and commission fees. Even in the view of its minor discrepancies and some unanswered regulatory questions, AxiTrader represents genuineness in assisting the forex trading requirements of people. In 2021 and beyond, it is expected to sustain its attractiveness as a top-ranked broker with a surging market share.

Key Features:

axitrader review

We recommend that you open your account with the UK entity since it is the only one that offers deposit protection to traders if it is available to you. As for deposits, the broker does not allow third-party remittances. All withdrawal requests must be made to an account in the same name as your Axi account. You may need to provide information such as Proof of Identity and Proof of Source of Funds for some types of withdrawals.

How to Open Account at AxiTrader

The AxiTrader Group holds licenses in multiple regions of the world. These licenses allow it to offer trading services in over 100 countries. There are two Axi account types that impact the fx broker costs when trading with Axi. I can deposit funds easily and withdraw funds easily, usually same or next day.

How much is minimum deposit to Axi?

The Autochartist plugin also serves as one of the most important tools for retail traders. It eliminates the conditions where retail trader accounts lose money. The trading tool offers an Order Flow Sentiment Indicator, which can potentially become the best feature for the client.

  1. Use the economic calendar to keep track of any important future events that may have an influence on the market in which you are trading.
  2. The responsive customer support further adds to the overall positive experience, making Axi my preferred choice for forex trading.
  3. Most brokers tend to just have English content so this helps set them apart from others.
  4. Once you feel confident enough to trade with real money, you can then consider opening a live account.

Forex eBooks

axitrader review

However, due to differences in local financial laws, the services they offer differ based on location. Ensure you do your research to find out the services that AxiTrader offers to traders from your country of residence. AxiTrader is an online forex and CFD broker with offices in multiple regions worldwide. The company is regulated in Australia, New Zealand, and other jurisdictions. The site navigation is very nice and offers the best graphical user interface, which makes it ideal for all forex traders.

AxiTrader Fees and Commissions

While the spreads for the main currency pairs usually average around 1.0 pips in the standard account, the spreads in the pro account usually fluctuate between 0.0 and 0.3 pips. The spreads for the minor currency pairs are, for the most part, somewhat higher. If you are interested, the individual live spreads are always available on the AxiTrader website.

You can follow multiple signal providers and do not need to be at your terminal when trades are placed. Risk parameters are flexible and can be set according to your own preferences. I personally prefer the MT4 desktop platform as it has all of the features and functionalities. I actually run multiple instances of the MT4 platform to try out systems on different brokers. You shouldn’t have any problems opening charts, loading indicators, setting alerts, entering and managing positions. Client funds are held in secure and segregated trust accounts with top-tier banks including NAB and Lloyds.

I have not experienced any problems with this broker and have been with them for over 5 years now. As someone deeply involved in prop trading, Axi Select has been a game-changer. The platform’s seamless execution and diverse array of trading strategies have elevated my performance to new heights. 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. 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.

You can search for systems that meet your requirement by filtering statistics that matter the most to you. They give you direct access to the latest market data with multiple liquidity providers (LP’s) from 14 of the world’s largest banks, for live pricing and superior trading conditions. Servers are located close to the exchange in New York, for improved trade execution. Generally speaking, the more liquidity providers a broker has, the better prices you can get. This makes them suitable for all trading strategies, from scalping to day trading and long-term investing. 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 integrated Forex News also keeps traders up to date and provides them with relevant information. If you are interested, you can see all of the functions included on the website. AxiTrader also generates researched information from a market analysis section that taps into online content and runs a market commentary. This information is packed with trade ideas that support the outsourced research produced by the tools. MT4 WebTrader also makes an ideal replacement for the traditional MT4 application in terms of functionality and mobility. The MT4 WebTrader is perfect for using its custom scripts to access a trading account on the go.

Equity CFDs are notably missing, which is a negative in my book as I trade them, but Forex traders have a good selection. 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.

AXITrader has also set up a representative office in the UK and is regulated by the FCA as well. Therefore, AXITrader can be considered as a trusted and reliable broker that satisfies most of the modern-day traders’ requirements. MT4 is the only trading platform that allows trading on less than 150 instruments. Hence, AxiTrader might not be ideal for traders who do not want to trade with MT4. AxiTrader offers local phone support in the UK with GBP as the base account currency.

I think it is fair that they require a certain volume to cover the cost. I actually pay a third-party provider around $30 per month for a VPS. It is a vital tool for me as I need to simultaneously run multiple MT4 platforms 24/7 for my automated systems.

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. After providing basic details, clients need to choose a strong password which will be used to access the live account AxiTrader and the trading platform as well.