You can trade a great selection of instruments across multiple asset classes with top class trading conditions. The broker has tight spreads, fast trade execution speeds and low commission fees. In addition to this, you also get a choice of convenient deposit/withdrawal methods, helpful trading tools, educational materials and 24/5 support. https://forexbroker-listing.com/ The minimum deposit is just $1 or there is an option for a demo account if you want to start trading risk free. Australian forex traders have different requirements from forex brokers ranging from leverage, fees to features. This Axi review was based on our trading platform comparison, focusing on broker features as a focal point.
Broker Comparison
- There are various options for funding your account, including bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller.
- WebTrader gives you access to use your MT4 platform on any web browser you’re using.
- Although nowadays there is plenty of information available on every broker, this does not make it easier to take a thoughtful decision.
- AxiTrader is a smart choice for savvy forex traders looking for a MetaTrader 4 Forex broker with enhanced features, strong customer service matched with relatively high leverage.
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. These regulations are designed to protect investors, ensure fair and transparent operations within the forex market, and maintain the integrity of the financial system.
AxiTrader Review 2024 (Axi)
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. 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. We do not provide financial advice, offer or make solicitation of any investments.
Axi Trading Fees
I appreciate that all of the accounts feature simple and secure funding, advanced trading platforms and powerful tools for finding trading signals. Myfxbook Autotrade is an online automatic analytics tool that connects with your forex trading account directly through your MT4 trading platform. It lets you analyse your trades and copy strategies from other traders. You can search for systems that meet your requirement by filtering statistics that matter the most to you.
AxiTrader Spread Charged in our Trades
If you want to take advantage of this tool, BlackBull Markets are an alternative option who also have it. The Autochartist pattern recognition software can save you time scanning the charts by conducting automated chart analysis for you. It will show you patterns found on an instrument of your choice with a pattern quality rating.
Fees & Commissions
We contacted the broker’s customer support team to resolve the challenges we faced. We traded the popular instrument in each market to determine the actual spreads and placed 12 trades in total. For this AxiTrader review, we opened a live account and deposited over €6,000. They have a trader blog that upload market analysis and market news written by their experts. AxiTrader offers a good amount of risk management, such as market order, trailing stop, margin calls, stop loss, take profit, and trailing stops. Deposits on AxiTrader are free, and they can be credited instantly into your account or take form up to one to three days.
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. 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. Aside from these two points, it’s not necessary to include a MT4 review as the platform stays the same across all brokers regardless of the brand name chosen.
If you find any of the features appealing to you, reach out to AxiTrader to test the functionality on a demo or a live account. The usual time of withdrawals is 2-5 days, mostly dependant on your own bank. AxiTrader supports Neteller, Wire and Credit Card deposits and withdrawals. For Neteller clients would need to ensure the account corresponds to the one registered with AxiTrader. Albeit generally positive sentiment on FPA, some customers find AxiTrader customer service a bit edgy.
They offer various platforms that integrate with social trading services, allowing traders to copy strategies from seasoned professionals. Axi, while offering a rich trading environment, doesn’t focus as much on social trading. For those keen on exploring the world of social trading further, here’s a comprehensive guide on the best forex social trading platforms. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
At the moment, the broker offers only BTC/USD pair (available not in all regions). Keeping in mind the info above, we can attest that AxiTrader reviews appear to be mostly positive with only a few minor discrepancies from lesser known and sometimes suspicious websites. Choose from a range of simple and convenient payment options from top global providers. WebTrader gives you access to use your MT4 platform on any web browser you’re using.
This means that they don’t use a dealing desk but instead connect their clients with an ECN network so you can trade directly with global liquidity pools. AxiTrader’s customer support team was helpful and provided direct and relevant answers to our questions, but not at all times. On our first interaction with the customer service team via live chat we received an inaccurate answer to our question.
The MT4 platform is indeed popular and highly trusted, which makes it easy for AXITrader clients to enjoy simple trading software for all trading needs. The company is open about its policy on slippages and warns its clients on both positive as well as negative slippage. The company had offered bonuses in the past but has faced several criticisms on their terms and conditions. Conflicts of interests had forced the broker to remove promotions entirely by providing a straight-forward brokerage service without indulging in rewards or bonuses. The company allows you to open an AXITrader account without any minimum deposit.
AxiTrader offers an integrated tool called MAM that enables single traders to execute trades on all accounts under one master account. It enables traders to place multiple orders at high speeds on multiple accounts. This platform comes with features such as advanced management tools, sentiment trading, and enhanced ordering. To top up their demo accounts, customers have to contact customer support through live chat, phone, or email. Demo accounts last only for 30 days, but there is way to make them permanent.
Courses are self-paced so you have flexibility to go over lessons as many times as you need. I think it is great that the tutorials are available in 24 languages to cater for the axitrader review wider community. Most brokers tend to just have English content so this helps set them apart from others. I think it is fair that they require a certain volume to cover the cost.