Axi Review 2023 Minimum Deposit, MT4, Leverage and More

In Axi’s academy, beginners can take trading courses for gold, shares, Forex, and crypto trading to enrich their knowledge or to start from scratch. After clicking on the button called “Open Account” users will be redirected to the page with the registration form. First name, last name, phone number, and email are the main personal details the broker requires in order to initialize the account opening process. There are also commodity cash CFDs that include USOIL and UKOIL which have the same spreads, from 3 pips. Commodity future CFDs have more instruments, 9 in total, with soft and hard commodities included and spreads starting from as low as 0.4 pips for BRENT.fs, SILVER.fs, and WTI.fs.

  • They have a simple-to-use forex trading platform, tight spreads (low fees) and an excellent training program.
  • Some of the tools found on Axi’s PsyQuation premium include the Order Flow Sentiment Indicator.
  • The goal of this initiative was to help drive its global growth.
  • Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
  • You can, however, only withdraw via wire transfers and e-wallets.
  • It operates in over 100 countries with regulations in the UK, Australia, and Dubai.

It obtains its revenue from spreads in its standard accounts and commissions charged in its pro accounts. Financing costs on overnight positions or swap rates are applied and passed onto traders. Axi is characterized by consistent uptime and remains a stable environment even for algorithmic traders, who depend on uninterrupted connectivity and minimal lag time. Reliability is measured in more than platform speed, regulatory liability, or a comprehensive array of tools.

Does Axi offer leverage?

By reducing the latency, Axi allows you to make the best of your time and money, so you always have the edge. With Autochartist, you can enjoy pattern recognition in charts, speedier analysis, flexibility in trading, and timely alerts. The Standard Account spreads start from 1.0 pips, and the Pro Account spreads start from 0.0 pips. In comparison, the Pro Account trading experience is better than the Standard Account. The Standard Account comes with higher spreads and no commission charges. Because of the rigorous Axi regulation and compliance process, it might take a few days to determine whether you passed or not.

Each account has unique offers, such as there are no commissions for the standard account, but you will get the higher spreads. And I complained to the support team and all they gave me was ” you need to have risk management as the broker is not liable for your losses” like excuse me?? You’re broker is too unprofessional that they can’t even process my money In an instant. Since I am a beginner trader, I give credit to Axi for all the knowledge I have in trading. As a beginner trader, I had tried many trading platforms but all of them could not match to Axi. With Axi I received quality services, the customer care are always friendly and always available.

This complements the outsourced research producing a good combination that grants traders a decent research package. Axi, previously known as Axitrader, is an online trading service provider that has been in operation since 2007. Originally an Australian trading company, it has expanded over the years, opening a London branch in 2012 and commencing operations in China in 2015. Getting signed up and verified as a first-time Axi member is a relatively simple and straightforward process. You’ll first need to provide government-issued ID, and if you plan on making a bank wire transfer then you’ll need to verify the account using your ID as well. You can contact customer service at Axi by phone, email or live chat.

  • What is good for a certain trader does not necessarily
    mean the same thing to you.
  • The conversion fees are charged for all trades involving instruments with a different currency denomination than the one on your account.
  • Because of the rigorous Axi regulation and compliance process, it might take a few days to determine whether you passed or not.
  • It is safe to say that Axi is the best forex broker with a great reputation, making them an excellent choice for both learning and expert traders.
  • Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

This broker has also been regulated
ASIC, , FCA, , DFSA (Dubai), 2758, FSCL (New Zealand) and FSP518226. I’ve experienced long day before I received my fund to my MT4 platform but in second funding I received in just a minutes. Overall, Axi can be summarised as a trustworthy broker that is regulated by two tier-1 regulators (highest trust) and one tier-2 regulator (medium trust).

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All information comes from providers’ websites with each provider offering free demo accounts to trial their offering and trading currency. Established in 2007 in Australia, Axi (formerly known as AxiTrader) has grown to become one of the leading names in the online trading industry. They provide advanced trading platforms, special tools, and a trust-driven trading experience under strict Top-tier regulations of ASIC and FCA. Axi, formerly known as AxiTrader, is a brokerage company owned and operated by AxiCorp Financial Services Pty Ltd. Axi was founded in 2007 in Australia and is licensed and regulated by several reputable regulators. The broker offers international traders the ability to access various financial markets including Forex and CFDs with average spreads and commissions.

The tool can tell you when you should trade by using support and resistance level. Support and resistance are the fundamental points in technical analysis, so many traders base their strategies around these points. Relatively new traders in the market will find this tool very useful. Autochartist is used to identify chart patterns by tracking indicators like Fibonacci retracements.

For your information, Axi is one of the leading brokers on the top forex brokers list. However, initially, they focused on retail clients in 150+ countries. The sign-up process is pretty straightforward and the website is very easy to navigate. Axi offers a mobile experience on MT4, which you can access on any mobile platform.

While these tools are great to help traders save time and increase their accuracy while trading, they still require a lot of attention, and caution is needed when following any signal. An economic calendar and currency calculators enable traders to monitor and control their trading even better. There are few brokers regulated in both the UK and Australia, both of which represent some of the more demanding compliance jurisdictions in the world, but Axi is one of them. Accordingly, residents in relevant geographies can anticipate services that are airtight in terms of safety. Additionally, in tandem with oversight from the Dubai DFSA, Axi ensures that traders from 150 countries can access the trading platform in a secure, compliant manner. This also extends to fees and spreads, with no fees on money transfers, and spreads across all Axi account types representing some of the most competitive in the industry.

Why use Axi

For people having AUS bank accounts, the withdrawals do not attract any type of commission. However, the broker can charge anywhere between 15 and 25 dollars for people having international bank accounts. All the deposits are processed instantly while the withdrawals can take up to 5 days to settle. Axi axi review offers multiple payment methods for deposits and withdrawals to its customers. Deposits can be made from wire transfers, debit/credit cards and multiple electronic wallet options available. However, the broker only allows withdrawals via wire transfer and some electronic wallets, which is a downside.

SWIFT bank transfer not process after 14 business days

Traders can deposit any amount they want as there is no Axi minimum deposit. AxiTrader Corporation group has earned the regulatory status from 3 authorities, which also include a top tier. The authorities include the Dubai Financial Services Authority (DFSA), the Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC). Axi always focuses more on transparency, which means you will know your fees and commissions before placing an order or trade. Axi fees are quite small, making them affordable for almost any trader. Traders can access articles with expert marketing tips and insights, trading updates and signals, and their personal trading activity history through the platform’s terminal window.

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. The educational centre offers chart tools that provide concise information on various commodities, equity indices and currency pairs. The FX charts offer in-depth information on various charts and provide a suitable interpretation of the various price fluctuations. Axi also offers various online courses right from basic Forex introduction to in-depth market analysis. The broker offers several educational videos which the registered traders can watch free of charge and get enlightened.

Research Tools

Internet banking and crypto payment options are not available in every region, however. Let’s do a brief review of some of the deposit methods and their relative speeds. These are all tradable across various financial markets, and the list has only continued to extend. Founded in Sydney, Australia, by a team of experienced traders, Axi has been operating since its inception in 2007. And in most of its operational jurisdictions, the company is well-regulated by top regulatory agencies.

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