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. Axi are a regulated broker that must be compliant with strict regulations and standards that are put in place to protect investors. Please keep in mind that as Axi are regulated in different markets by different regulators, each are subject to a different set of rules. 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.
Axi Main Features
Customer support is on hand to assist you during the process if required. I didn’t have any problems during signup and completed it within minutes. The pro account also has variable spreads starting from just 0.0 pips with a commission of $3.5 charged. This account may be preferred if you need the tightest possible spreads. This may be the case if you are using a scalping system that looks to take advantage of minor price movements. You can trade cryptocurrency CFDs online with Axi, provided that it is allowed in your country of residence.
Account funding at Axi
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile https://forexarena.net/ knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
Reseña cuenta ECN y Forex
Small overnight and rollover fees are industry standard account features unless users opt for Islamic accounts, which are Shariah compliant and swap/rollover free. The main way that Axi generates revenue is spreads, and even these are among the industry’s thinnest. axi review On Pro accounts, there’s a $7.00 roundtrip commission on each trade ($3.50 when opened and $3.50 when closed). Save yourself time, money and stress of dealing with this broker. A crypto transaction with verifiable transaction hash on the blockchain?
- That means you can be confident you’re getting the essential information you need, from people who understand the industry.
- The account operates from the MT4 platform and comes with $50,000 worth of virtual funds, access to real-time spreads, and a complete replica of the live market.
- Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- These are obtained from non-trading actions you perform on your trading account.
Using 9-time frames, this tab shows the charts for financial instruments. This tab is very customizable, though much of the customizing has to be done in the setting; but it allows you to make the charts display in candlesticks or lines. There is also a zoom feature and the capacity to use technical indicators, enabling traders to predict future price movements.
Axi Customer services
While forex and crypto trading involves trading in currency pairs, commodity trading involves trading in raw materials such as oil and precious metals like gold and silver. Of course, both forex/crypto and commodities involve the use of leverages, but the former requires a lot more leveraging than the latter. According to Axi, trading commodities on their platform is less about trading in the actual materials and more about trading the underlying price movements of the relevant commodities. A quick assessment of the Axi trading platform shows it’s quite user-friendly. The available functions in its interfaces are quite simple to use, and services are also compatible with a wide range of mobile platforms from Android to iOS.
For advanced traders, the Axi platform offers a professional account with a suite of advanced features, including MT4 VPS hosting and signal providers. This type of account comes with a round trip commission of $7, spreads from 0.0 pips, no setup fees, and a minimum lot size of 0.01 lots. Traders can open the account directly or upgrade from a standard account. This type is suited for people entering the market newly and is fully available for both mobile and desktop traders. The account allows up to ten base currencies, namely AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD, with a minimum trade size of 0,01 lots and a spread of 0.4 pips.
Opening a trading account with the Axi trading platform is a reasonably straightforward process involving steps we will now outline. However, it is worth mentioning that while you can finish most of what’s needed to open your account in less than 30 minutes, completing the registration process takes between 2 to 3 working days. This delay is because Axi needs to confirm your identity before you can fund your account and begin trading. That said, here are the steps for opening an account on the Axi trading platform. The conversion fees are charged for all trades involving instruments with a different currency denomination than the one on your account. The conversion fee is the exchange rate plus a markup obtained from liquidity providers.
Client funds are held in secure and segregated trust accounts with top-tier banks including NAB and Lloyds. This means that client funds cannot be used for any other purpose by the company such as operating costs are hedging. Compare Axi with the top 3 similar brokers that accept traders from your location. There are several methods you can utilize to add funds to your live account. This includes credit cards, debit cards, wire transfers, Skrill, Neteller, and many others.
This course allows you to learn from accredited tutors and elite traders. Open direct channels of communication with professional traders and highly experienced analysts, then trade alongside them as they take on the markets every day. The Axi Trading Circle is an exclusive online trading community that makes it easy to connect with leading experts, qualified analysts and traders all around the world. You can join the community to ask questions, open discussions and get practical guidance on becoming a better trader.
The centre includes eBooks, webinars, video tutorials and a glossary. That means you can be confident you’re getting the essential information you need, from people who understand the industry. Courses are self-paced so you have flexibility to go over lessons as many times as you need.
The most cost-effective option for a customer is usually determined by trading volume and the list of assets they wish to speculate on. When comparing AxiTrader vs Pepperstone, this app stands out as the rival company does not have separate functionality for copy trading. This is available as an iPhone app and an Android APK in the respective app stores. The interface is simple and clean, allowing for investments to be easily made on the go. The platform is easy to navigate; trades can be completed quickly and effortlessly. Comprehensive education material also ensures that newbies have everything they need to get started.
In addition, guides and infographics provide added data for traders. Our review of Axi covers everything you need to know about opening a live account, from minimum deposits, withdrawal details and MetaTrader 4 integration, to spreads, leverage and demo account info. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.1% of retail investor accounts lose money when trading CFDs with this provider.