Withdrawal process slow & took long time more than 24 hours. And also AXI services are awesome don’t have anything bad to say so far. The one thing I really regret is not taking a screen recording of the signals I was copying at the point I reached out to customer service. Email the axi account manager you have been dealing with OR email the main axi support line. Nial Fuller is a professional trader, author & coach who is considered ‘The Authority’ on Price Action Trading. He has taught over 25,000 students via his Price Action Trading Course since 2008.
At the same time, it constructs educational infrastructure to train and upskill traders on new features and strategies. AxiTrader – one of the best forex brokers, is offering its service for more than 70 currency pairs. This gives the broker ample coverage in the forex trading market.
Deposit fees and options
Enter the digital currency revolution by trading popular cryptocurrencies, including Bitcoin, with CFDs. Axi’s size and scale allow them to respond to the still unresolved needs of traders in existing and emerging regions, ensuring even better service and an even stronger position. Choosing a broker is an important decision, and it is not a win-lose game. There are many brokers to choose from, and they all have their good and bad points. So if you want to find top traders and copy their trades, then AXI is the perfect choice for you. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
Traders can enjoy access to a large number of currency pairs, as well as CFDs on exotic goods such as coffee, cocoa and soybeans, as well as precious metals . In addition, the broker offers access to cryptocurrencies – Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin and Ripple. The regulation of the broker may differ depending on the chosen jurisdiction in which you are going to open an account. The most reliable are the United Kingdom and Australia, but they have some trade restrictions that affect the amount of leverage.
Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that IC Markets has overall lower trading costs than Axi. Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit.
The concerned clients are likely to inquire about their regulatory situation in their resident regions. As a new user, it is valid to ask for copies of the authentic certificates and uncover the critical oversights, if any. There is likely to be a high risk of losing money when trading with the AxiCorp Financial Services Pty LTD because the license stands suspended. Till the time it gets reinstated, traders may find the trading platform a bit dicey. An oversight in the administration of this company has resulted in the suspension of its license.
5 award-winning service.100% committed to you.
Axi allows you to trade indices, commodities, cryptocurrencies and several CFDs with fairly tight and competitive spreads. The platform has a separate demo account and a large number of educational materials for beginners, including webinars and separate video tutorials. AxiTrader’s full registration and compliance stay in Australia, and its UK subsidiary gets authorization by the Financial Conduct Authority. Clients feel secure with the backing of the Financial Conduct Authority, which is why this broker does not pose any high risk of losing money when trading forex pairs.
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axi forex broker registration was easy and could be completed within a few minutes. You then need to verify your identity and supply documents, which you can do electronically. Axi will open the account within 24 hours of your sending verification documents, and the whole process is very efficient and easy to do. Overall, IC Markets comes out ahead due to lower trading costs, more assets, and superior MT4 trading experience. Axi and IC Markets maintain well-regulated and trusted Forex trading environments with sclean regulatory track records.
Axi is the best broker I ever came across
There is also a MAM account and social-trading via the Myfxbook AutoTrade. These include the major, minor and exotic currency pairs, so you can diversify your approach to trading on the foreign exchange market with Axi. Check out the live forex spreads of our most popular currency pairs. Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms.
I have screenshots and chats from them incase anyone wants to take this up especially the regulators. Another https://forexhero.info/ you should consider while trading is a Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments. Typically, AxiTrader will charge Swap Fees on a Long Position and pay Swap Fees on Short Positions.
Islamic trading accounts featuring no swap fees or interest payments. Luckily, Axi offers many payment methods to choose from, including E-wallets. Our OCTAFX review looks at similar payment methods to see which options and choices are available. UK clients can use a debit or credit card, which is convenient, and there is a minimum deposit amount here of $5 or equivalent. At Axi, we are proud of our reputation as an honest, fair and trusted broker.
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When it comes to trading, it is important to choose the right broker trading account. With so many options available, it can be difficult to determine which one is the best fit for you. That’s why it’s important to compare different brokers and their offerings before making a decision. AXI is one of the top brokers in the industry and offers a range of features to help you find and copy successful traders. AxiTrader offers multiple ways of adding or withdrawing money from the account.
Here’s a quick checklist to make sure the broker being researched has plenty of features that someone new to trading will benefit from. Check out the current account balance requirements at Axi in our What is the minimum account balance at Axi article. Axi is regulated by multiple authorities globally, including the UK’s FCA and ASIC in Australia. Axi is regulated by a number of top-tier financial authorities. It is a well-established brand but it is not listed on any exchange and it doesn’t hold a banking license.
Forex trading platforms and tools
This AxiTrader review finds the training aspect of the software quite impressive. Outsourced training is further complemented by in-house educational content, which contains high-quality articles. The broker delivers its services for hard and soft commodities, including 31 equity CFDs and 6 cryptocurrency CFDs. The asset selection of this broker is quite limited, which makes a proper diversification of cross-assets unfeasible.
The available options have been increasing over the past years, and deposits/withdrawals using cryptocurrencies are increasingly common. As a trader, you have the choice of many forex trading platforms that give you different options for trading forex online and come with a range of features and capabilities. Beginner traders will benefit from IC Markets’ exceptional customer support, available 24/7 to help with any account or technical queries. While its education section is more comprehensive than most other brokers, it offers a fairly limited selection of market analysis materials.
Big scam axi broker not yet return my…
However, the company delays this process in any way, promises and provides false information. I demand to provide me with confirmation of sending money , they refuse to do this. We understand that withdrawing funds is an important part of trading, and we apologize for any inconvenience you may have experienced with our withdrawal process. Only recently joined the LTTTM course, so if I take this offer it may be a while before I place a live trade as I will use a demo account first when I think I’m ready to go. Will axi trader wonder why I’ve opened account but not used it. AxiTrader doesn’t have minimum deposit requirement for all available types of accounts.
When it comes to forex trading, Axi know what they’re doing. They offer micro, mini and standard lots, which is a huge plus. The fees and commissions are low compared to other brokers for forex trading. All types of FX pairs are on offer to trade with, including exotic pairs. We also love the excellent trading tools and copy trading app.
- Transactions on commodities such as gold, silver and oil, as well as major stock market indices of the world’s largest markets are also available.
- Or at least inform the client about the dates and the products of the rollover when you see that traders use them.
- Sometimes the only way to find out if a broker is the right one is to try them.
- It will also state within the application form when opening a trading account.
- Based on our Review and expert findings, AxiTrader is a trustworthy broker with a good reputation and excellent trading conditions, and attractive offers.
Its AI-driven analysis helps the trader improve daily performances. If trader accounts lose money in some trades, it alerts the traders of their mistakes, which allows them to enhance their trades over time. Axi is an excellent Forex broker with high leverage, fast order execution, and low trading costs. Beginner traders get a quality educational offering, and Axi upgrades the MT4 trading platform with Autochartist and plugins. We understand how frustrating it can be when withdrawals take longer than expected.
The MT4 platform offers excellent customisation, but Axi doesn’t use the newer MetaTrader 5 platform. If you want to know more about MT5, check out our Robomarkets review for more info. Some clients may feel that the MT4 platform is a bit outdated; however, it is still very popular. We look at the potential sign-up offers and the new customer experience as a standard feature when rating brokers. When we did the Firsttrade review, we intentionally searched for signs of signup or welcome offers as usual. However, with our Axi search, our team couldn’t find any welcome offer.
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Reply by Axi submitted Jan 21, 2022 Hi Ildospag, thank you for the awesome review. We work hard to meet expectations like yours, and we’re happy to hear we hit the mark for you. AxiTrader is partnered with the PsyQuation analytics platform and AutoTrade app by MyFxBook. No, it is currently not effectively regulated and you are advised to be aware of its potential risks. In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. All information on 55brokers.com is only published for general information purposes.