AXI AxiTrader review 2023 ++ Scam or not? Broker test

• on 3 May 2021
• By el-atieq
• Forex Trading

AXI AxiTrader review 2023 ++ Scam or not? Broker test

We ranked Axi’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. This gets to the true issue at the heart of the WWE 2K series. Professional wrestling is a collaborative performance, not a competitive sport with two or more wrestlers working together to draw the audience into a compelling story. Sometimes a plot calls for a wrestler to win, sometimes to lose, but that is always secondary to having engaging characters and an emotive narrative. Some of the greatest and most memorable moments in all of WWE come from when a wrestler loses.

So that newbies or experts don’t face any problems and trade on their own. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. XTB also provide this service if you are a looking to buy and sell cryptocurrencies.

You can quickly and easily fund your account with a variety of convenient options to choose from. If you are beginner then you will be happy with the plethora of educational https://forexarena.net/ content available at no extra cost. You can also practice trading online with a free demo account or in a live environment with a minimum deposit of just $1.

Portfolio and fee reports

Axi provides traders with the out-of-the-box MT4 trading platform and upgrades it free of charge with the Autochartist plugin. I like that Axi adds Autochartist, which can assist beginner traders. MT4 is the market leader in algorithmic trading and remains the most versatile trading platform.

Axi offers the research tools of the MetaTrader platform, which do not include trading ideas or fundamental data. As a plus, there are other web tools, like a great economic calendar. You can set alerts and notifications to be received via mobile,but only on the desktop trading platform. It would be much easier if you could set these notifications on the mobile trading platform itself.

• AxiTrader Regulation, Financial Security, and Customer SupportTrade more than 6,000 markets without commissions and professional platforms.
• You can also receive custom alert notifications via the app, email or SMS.
• It provides investors with a full MetaTrader platform package from MetaQuotes Software application Firm.
• Hi Marcel, thank you for taking the time to leave us a review.

Axi holds a comprehensive Client Money Insurance policy that provides retail clients with protection up to US$1,000,000. This insurance coverage comes at no additional cost and automatically applies to all retail accounts with balances above US$20,000. Professional and non-EU clients are not covered by negative balance protection.

It tried to steal my money deposit.

You can follow multiple signal providers and do not need to be at your terminal when trades are placed. Risk parameters are flexible and can be set according to your own preferences. You will find a good choice of trading tools that can be used for assisting with your trading. I like that they are providing signals, chart analysis, multiple account management and more. I am a huge fan of trading apps, primarily because I am able to check the market prices and how good or bad my trades are doing at any time.

Whether you’re just starting started in trading or an experienced trader, there’s always something new to learn about the markets. The Axi website and trading resources are easy to navigate and function well. The educational resources and the practice and copy trade functions mean to give the user plenty of options for learning to trade. If you choose to use copy trading, Axi provides a list of traders and their statistics. You also have the opportunity to set risk levels to suit your risk tolerance.

Traders have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.4 pips, carries costs roughly three times above that and beyond. It is an expensive account, and I recommend traders opt for the Pro alternative. The commission of $7.00 per round lot remains competitive, and spreads start as low as 0.0 pips, an ideal combination for algorithmic traders and scalpers. Axi’s mobile CFD trading platform is provided by MetaTrader 4. It also offers users advanced technical analysis, tools and charts.

Copy established strategies and portfolios from hundreds of traders all over the world right into your MT4 platform to automate and simplify your trading experience. Axi offers over 130 trading instruments from popular asset classes such as forex, CFDs, stocks, indices, commodities, ETFs, and bonds. However, some trading instruments might not be available, depending on the country you live in. An inactive account is defined as one where there have been no transactions for the last 12 months. You can contact customer service at Axi by phone, email or live chat. The live chat is responsive, with agents connecting quickly, and you can choose to communicate in a language of your choice.

FAQs-The most asked questions about Axi:

This area is constantly updated and provides technical and fundamental chart analysis that may be used to generate prospective trading ideas. Learn when markets are most volatile, how to create proper exit levels, and how to choose instruments that fall within acceptable risk criteria. Choose a trader depending on what’s essential to you, including profitability, degree of risk, and asset type. Founded in 2007, the formerly named AxiTrader launched the Axi brand in 2020. Today the Australian forex and contract for differences broker services over 60,000 clients in 100 countries across the globe.

CFD fees are not so high either; for CFDs, the trading fees are average. I like that there is a generous selection of deposit and withdrawal methods for us to choose from. You can use a credit card, bank transfer or an online payment processor such as Neteller, Skrill, FasaPay and Sofort. They are also one of a few brokers that accept cryptocurrency payments with Bitcoin.

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. The feedback my clients have provided has been music to my ears.

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. AxiTrader doesn’t have minimum deposit requirement for all available types of accounts. However, as a fully regulated broker, we follow certain regulations from our third-party financial regulator that dictate the payment methods that can be used on different countries.

AxiTrader is a multi-asset trading platform that offers users the ability to trade in a wide range of assets, from currencies to stocks and commodities. The platform is suitable for both experienced traders and beginners, as it provides a range of tools and features to help users make the most of their trading experience. It also offers an extensive range of customer support options, such as an online chat service and a dedicated trading desk. The platform is designed to be user-friendly and intuitive, allowing users to quickly and easily access the features they need to make informed trading decisions.

Web trading platform

Their motive is this, you will end up trading with the money they returned and losing it. I have screenshots and chats from them incase anyone wants to take this up especially the regulators. 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. We liked the market analysis section, which can be found on the website under ‘Markets Blog’.

What’s best about trading with Axi is that it has no minimum deposit requirements, you are free to deposit any amount. We can say that the fees and costs of Axi are favorable for traders. The Pro Account is designed for more experienced investors and offers additional features such as commission-free trading, a minimum deposit of $1000, and access to advanced charting features. Both accounts offer access to competitive spreads, low trading costs, and fast execution.

The stock index, commodity, crypto and stock CFD selection is average, although it is constantly expanding. Meanwhile, other products, such as stocks, ETFs and bond CFDs are not available. Add your bank account details, like IBAN and Swift code (if you haven’t done it before).

Since this can’t be done by someone else, the information on the withdrawal account must match the information on your broker account for the withdrawal to be successful. It doesn’t matter how small a pricing edge is to algorithmic traders. Considering this, Axi Broker has built an Autochartist plugin for the MT4 and an API trading feature specifically designed with algorithmic traders in mind.

Since the launch of the partnership in 2020, Manchester City and Axi have collaborated to successfully elevate and raise awareness of the brand across the Club’s global fanbase and beyond. At the time of writing, the free webinars and seminars were only available on particular pages, although accessibility is expected to increase. Account Benchmark – Use a variety of data to score your account. Upload documentation to verify your identity and country of residence.

Axi MT4 Multi Account Manager

Overall, I find the educational section at Axi comprehensive and of good quality. Axi offers some of the best swap rates industry-wide, something I urge traders to consider who keep positions open overnight, as it makes a notable difference. Axi does charge an inactivity fee, which adds to axi forex broker the excellent cost structure. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.