When using the same asset, Axitrader permits two trades in opposing ways. When you have open Buy and Sell trades in the same asset, you’ll be required to pay half of the usual margin amount. Individual users receive Negative Balance Protection, which guarantees they will not lose more than what they’ve invested with AxiTrader. To minimize confusion, customers have a single brokerage account with AxiTrader but can have many subsidiary profiles in the shape of trading software logins. Axitrader is not a fraud but has been recognized repeatedly for its dependability, offering low-risk Forex trading. AxiTrader is authorized and supervised by the 2 key regulatory bodies, the Financial Conduct Authority (UK) and the ASIC.
User Experience
After all, you only want to invest your hard-earned money with trusted, reputable companies which offer dedicated customer support. After testing Axi extensively and with our own money, we can give you an overview of the most important pros and cons we observed. Self-confessed Forex Geek spending my days researching and testing everything forex related.
Axi Deposits and Withdrawals
To help ensure you have more money left to trade with, Axi charges no fees for funding and withdrawals to or from your trading account, up to a value of $50,000 per month. If you exceed this monthly Fee Free Limit, they do reserve the right to pass on your Neteller and Credit card transaction fees. This is pretty much standard practice and not a deal breaker for me. If you have further questions, you can contact your account manager who will be happy to help. 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.
Social Trading – Copy Trading
You can still set standard alerts in the MT4 platform which do more or less the same thing. There is no minimum deposit at Axi, resulting in applicable requirements based on payment processors. All Axi subsidiaries https://forexarena.net/ offer negative balance protection and segregate client deposits from corporate funds. I can highly recommend Axi, particularly the unit operating out of St. Vincent and the Grenadines, due to it.
- This account may be preferred if you need the tightest possible spreads.
- We have over 20 years of experience when it comes to trading online so we know what to look for.
- Do note that under FCA regulation, crypto trading CFD is only for professional traders.
- You will find a good choice of trading tools that can be used for assisting with your trading.
- They are always looking to improve their services in order to stay up to date with the latest innovative technologies and continue to deliver excellent customer support.
XTB is currently among the best-known broker platforms in the world. XTB was founded back in 2006 in Poland and has seen steep growth ever since. More than 3,000 different assets in six asset categories are available to trade for you with this broker. But don’t just take our word; customers awarded XTB with multiple awards, and it is well known for its outstanding customer service. For example, every customer has access to dedicated 1 to 1 support for every client and a learning center with tons of resources. If you are a highly experienced and professional trader, the MT 4 Elite account is perfect for you.
There are various trading instruments to trade in like Forex, Indices, Shares, Commodities, Gold, Silver, and Oil. Axi is making sure to match all styles and levels of their traders and so providing different types of accounts to attend to clients’ needs. It comes by nature that such a trusted broker from many traders would have the best regulations from the best financial regulators of the market.
Through the very intuitive platform you will also have completely integrated access to trading across seven different exchanges. An Axi MAM account is available and perfect for you if you are managing multiple accounts as an experienced trader and fund manager. Here is a deeper look at all of the account types you can expect to find when you are trading through Axi. Overall then, Axi is a top choice for algo-trading with many supportive features and an excellent environment to carry out your trades. Overall then Axi is a great choice if you prefer a feature-filled proprietary trading platform. If you are looking for direct copy trading though, there may be more ideal choices.
Thanks to their partnership with Manchester City, you can also win exclusive prizes such as VIP pitch-side experiences and behind-the-scenes tours. Technical analysis and charting are very significant tools for having better trades in online trading. These tools can be said as the main ingredients for having better or good results. Charting helps traders track and watch asset price movement and market volatility in making their trades.
Axi have an economic calendar that gives you details on upcoming news events which can be filtered by trading instrument, date and impact. There is an Autochartist trading community that includes tutorial videos to help you understand how to use and personalise the software. Autochartist automatically finds Fibonacci patterns such as extensions and retracements as well as chart patterns such as Triangles, Wedges, Tops and Bottoms. It can send you notifications when a pattern is discovered and identifies possible support and resistance levels based on these patterns.
This amount could be significantly lower if you are utilizing the available Axi leverage. The leverage available to you at Axi is dependent upon which regulatory body you are operating under, axi forex broker and also which assets you are trading. A total of seven commodities are available for trading, again all as CFDs. This selection includes 3 metals in the form of gold, silver, and copper.
With this said, AxiTrader holds client funds in segregated accounts (with top-tier banks) and has amazing programs to secure its clients. The company has complied with the Financial Conduct Authority (FCA) and gained its regulation. The broker has an education center with different free training materials for traders at all levels. These materials include eBooks, webinars, video tutorials, and a glossary of trading terminologies and cover basic, intermediate, and advanced trading topics. Also, the broker provides a free trading course for beginner traders.
They have some of the best customer support you will find anywhere, evident by the numerous awards that they have won. The main difference between the accounts are the spreads, commission and minimum deposit required. You can choose from low spreads with a small commission fee or pay no commission but have a spread mark-up instead.
From the high performance MT4 terminal you can access Axi’s full selection of trading instruments. 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. I have tried many brokers over the years and found them to be one of the best brokers for trading online within a secure and highly regulated environment. 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.
The forex news feature provides you with the latest forex news directly into the platform. You can add your favourite news feeds and follow traders from social networks. Executing trades and opening and closing positions is uncomplicated, and with the windows and buttons making it straightforward, you can successfully place trades several different ways.
