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The only flaw that we found with AxiTrader is the slight lack of variety in the software programs, but everything else seems to be either on par with the market standards or surpass them completely. The moment we started our AxiTrader review, it was obvious that the brokerage was a subsidiary of a larger corporation. We were right, the AxiTrader Forex brokerage is a subsidiary of AxiTrader Limited, a company registered, located and licensed in St Vincent and Grenadines. Their liquidity providers include UBS, Citibank, JP Morgan, Goldman Sachs, and other smaller banks. Then the Axi affiliate program is where you can earn up to USD 1,000 in commission per each qualified client.
He has taught over 25,000 students via his Price Action Trading Course since 2008. But this review will ask quite a stern question which requires a similarly stern answer. Or is it an illegal offshore brokerage poised to defraud its customers from their investments? This essentially means that you can’t lose more than you deposited with Axi.
Below, you can see some of the many tools that are available, along with their short descriptions. It is important to note that certain products are only available from specific live servers on the MetaTrader trading platform. Axi has a great mobile trading platform, we really liked its design and user-friendliness. After you download the MT4 mobile trading platform, you have to access the Axi-Live server.
We consider the platform choice great as MT4 is one of the industry-leading platforms, also the broker offer Autochartist to strengthen your strategies. Axi has licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines. Autochartist provides the bulk of research content at Axi, but the Axi blog also features a weekly market review. It is well written and features charts with easy-to-understand trading ideas. Even in the view of its minor discrepancies and some unanswered regulatory questions, AxiTrader represents genuineness in assisting the forex trading requirements of people. In 2021 and beyond, it is expected to sustain its attractiveness as a top-ranked broker with a surging market share.
This gives the broker ample coverage in the forex trading market. There are plenty of exotic and minor currencies available for trading on the platform as well. Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
The Australian regulation is just a facade.
Over time, the broker has promised to introduce instant payments that can be made directly to your phone. The best part about this broker is that you can CHANGE LEVERAGE when you want to. This useful feature allows you to have a firm handle on how much you want to risk and how much you stand to lose.
Because every Axi client gets a unique PsyQuation Score, you can use the PsyQuation leaderboard to follow the most successful traders – details provided include performance history and equity curve. Established in 2007, Axi is a recognized and trusted broker with its head office located in Sydney, Australia. It quickly made a name for itself and gained an international presence. Axi is recognized by many investors for its product market coverage and the tools offered to assist clients with the implementation of their trading strategies. Moreover, the broker doesn’t distract the customer with lots of account types and unnecessary frills.
Is Axitrader Safe?
The short answer is yes; AxiTrader stands out as a safe and reliable broker. So you can open an account with it by going through our AxiTrader review content above, where all aspects of this platform are covered.
It is a financial service provided globally and is legit for users in the countries regulated under its authorities. AxiTrader and AxiCorp Financial Services Pty LTD are two different entities. The latter is the corporate owner of all the operating subsidiaries. One of the top forex brokers in the forex trading market is AxiTrader. Over the years, AxiTrader has become a sought-after name in the forex trading market.
What is the Axi minimum deposit?
Their easy to use portal and its features are also available to Mac, iPhone and Android users. This is a win-win scenario for both the broker as well as their clients, as it allows them to keep a track of their transactions and market movements anytime, anywhere. Established in the year 2008, AxiTrader is an Australia based ECN broker situated in Sydney. As an ASIC regulated firm, AxiTrader offers excellent support and services to its clients.
Please go through this article on how we conduct our broker reviews. Online trading involves significant risk, and you may lose all of your invested capital. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. The research section with the broker only provides access to aneconomic calendar and no other insightful research tools like other major brokers. Overall, AxiTrader Platforms are ranked 7.9 out of 10 compared to over 500 other brokers.
AxiTrader PsyQuation Premium
As a result, you would want your broker to offer instant and appropriate answers to all your queries. This, however, is possible only if the online trading firm believes in delivering excellent quality services and an effective and trusted trading platform. Here, check out our review about AxiTrader and find out why their trading platform is regarded as one of the best in the industry. We reviewed the broker’s performance in six different categories and discovered that the broker fairs quite well in each of them. For further details and information, go through our review below.
Is Axi regulated?
Axi has licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines.
Most clients get the chance to have their account in their choice of base currency from AUD, USD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, or CAD and deposit funds. AxiTrader has no minimum deposit requirements, & every user is free to deposit any amount in the account. The above platforms and tools help AxiTrader users stay ahead of the curve. From economic events calendar to real-time market news analysis, these tools deliver reliable forex quotes through their accurate market indicators.
Product Details
AxiTrader also features a NexGen version of the trading platform, which includes more post-trade features than those on previous MetaTrader 4 versions. Trade the world’s most liquid financial market and profit from global economic volatility. Vantage FX, a licensed Forex broker, provides traders with access the global Forex market via top-tier FX liquidity providers.
It suggests insights to place orders and manage investments of its users. AxiTrader has an end-to-end solution for its trading services. The technology suite of AxiTrader includes the MetaTrader 4 trading platform, its web app version, Myfxbook, and some additional APIs. The trading platforms run on all operating systems, including Windows, Mac, Android, and iOS. This practice eliminates the misconception that new accounts lose money when trading forex. Forex pairs have been one of the most lucrative assets in the world of trading financial instruments.
Axi Trader’s trading platform features include the MetaTrader 4 and MetaTrader 5 platforms, cTrader, and a proprietary platform. The MT4 and MT5 platforms offer a range of features such as charting, technical analysis, automated trading, algorithmic trading, and more. CTrader provides a more user-friendly experience with its intuitive interface and advanced charting capabilities.
Do I Have Negative Balance Protection with This Broker?
The use of these applications is suitable for specific circumstances, which is why AxiTrader clients must determine their use for their needs. The MT4 WebTrader eliminates the compulsion of using the platform’s desktop application and helps you run the same software on your web browser. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.
- Axi doesn’t specify what languages will be supported when dealing with customer support; they only specify that all local languages are covered.
- CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors.
- Autochartist is not the most effective third-party plugin AxiTrader offers to its clients.
- From a two person startup it has grown to become a well-regarded name in the industry, with nine offices worldwide servicing tens of thousands of clients in more than 150 countries.
- Traders can diversify and do more when they have access to great markets and financial instruments.
Protect your trading account and funds by taking some important precautions. In conclusion of this AxiTrader review, we’d say that the company is quite solid in its offering, one of the best to be sure. Despite the slight controversy at the beginning about an offshore license, the broker’s https://broker-review.org/ reputation and quality seem to be emulated in several opinions floating around the web as well. The broker has also outlined that withdrawals have absolutely no fees attached to them whatsoever. The accounts are based off-of MT4 in general, as they’re called Pro and Standard respectfully.
Further, the trading platform also offers several trading packages like MetaTrader 4 NextGen add-on for users who make a min deposit of $1000. Users need to open an account with AxiTrader which offers fast execution. This is the primary reason why this trading platform is considered safe as compared to other financial brokers. The company is also a member of The Financial Commission, an international organization engaged in resolving disputes within the financial services industry.
Their forex fees are low, and they also offer great support and an array of free educational material; plus, they have invested in their MT4 trading platform, giving it extra features. Thus if you like MT4, require lots of learning material, and want good customer support, then this broker may be for you. Is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world. Axi has made giant strides since its inception in 2007 to become a top 10 global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology. Based on our Review and expert findings, AxiTrader is a trustworthy broker with a good reputation and excellent trading conditions, and attractive offers. We found broker’s low trading fees, also, traders can deposit as low as $1 since the broker doesn’t have any minimum deposit requirements, and overall conditions are good.
Is AXI a trusted broker?
Axi is a legit broker that is regulated by the financial authorities of Australia and the UK, among others. European clients are eligible for investor protection and negative balance protection. You can't open an account at Axi if you live in United States.
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. Yes Axi does not have its own self-developed trading platform, it usesMetaTrader 4,a third-party platform.
