Axi fees explained

The traders that follow Muslim Sharia rules are entitled to open a Swap Free Account that is not subject to Swap Fees on FX Major, FX Minor and Precious Metals Symbols. Axi offers a social trading servicevia Forex Trading Signals on the MT4 platform. Changing the leverage is a very useful feature when you want to lower the risk of your trade.

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. In October 2020, AxiTrader officially announced rebranding its company from AxiTrader to Axi. Trader communities of the platform will be rebranded accordingly. Overall, the broker covers the most demanding markets to trade, also UK residents can benefit from the Spread Bet option. On the plus side, forex fees are low, and deposits and withdrawals are free of charge.

This means that you cannot lose more than the amount of money invested with us. Investing in CFDs does not provide any entitlement, right or obligation to the underlying financial asset. To compare transaction costs across different brokers, our experts analyze the transaction-specific fees and non-trading fees . Axitrader offers the industry recognized MT4 trading platform, followed by a webtrader. Despite the suspension, this review declares no high risk of losing money when trading on the AxiTrader platform. The Axi subsidiary that runs AxiTrader is authorized in St. Vincent and the Grenadines.

We consider the FCA regulation to be the best since it provides compensation of up to £85,000 in case the broker goes bankrupt. AxiTrader’s world-class customer support and numerous awards can be attributed to its supremely salutary management. Currently, AxiTrader Broker ranks among the top Forex Brokers and financial brokerage firms not only in Australia but also in other markets. Further, the firm also launched its London branch in 2012, China branch in 2015. In China, AxiTrader entered into a partnership with China Union Pay to help its Chinese clients process payments easily and directly to AxiTrader. Later, when their trade volume surpassed the 100 Billion Dollar mark, AxiTrader stretched its corporate brand to Germany Latin America and also to the Middle East in 2016.

If you do high volumes and you have extensive experience trading then the pro account is definitely for you. There are other administrative charges that you may incur which include things like sending duplicate statements as well as debt collection charges. Given that AxiTrader will have to had to have conformed with these requirements, you can feel at ease about the safety of using their services. Moreover, unlike with an unregulated brand, you know exactly which regulator to turn to should you have any issues with AxiTrader.

Equity CFDs remain limited with only thirty-one names, while the cryptocurrency offering is scarce with just six. To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the appy pie forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. For its regulatory limitations, AxiTrader is often considered to be a high-risk broker.

The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences. Tradeview supports bank wire transfers, credit cards, UnionPay, Skrill, NETELLER, STICPAY, ecoPayz, and many other deposit and withdrawal methods. In the following table, you can compare the features of tradeview and axitrader side by side to determine the best fit for your trading needs.

We also used this and we were able to get an instant response from an agent at AxiTrader. Guides Our blockchain guides will help you find your way through exchanges, investment real estate finance and asset management tools, and other crypto apps. You can find all accounts at their various stages of Incubator, Accelerator and Pro on tabs of the PsyQuation leaderboard.

But, it also has a toll free number where traders register their inquiries. An online trading course by AxiTrader is available for new traders, giving them access to all the tools that train them in becoming a better trader. 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 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.

If you lose your investment in the Axitrader scam, you can use the chatbot to contact us. If you have already lost money from your broker without withdrawing money, please contact us for advice. ForexClub supports traders to deposit and withdraw funds from their investment accounts via UnionPay, VISA, JCB, MasterCard, Alipay, WeChat, Bitcoin, and Skrill. Axitrader provides traders with 50 currency pairs, six cryptocurrency pairs, 20 commodities, and 31 index CFDs.

Our accounts were approved within minutes, which is exceptionally fast for the industry. Although Axi only supports the MetaTrader 4 platform, it is truly customisable, with a range of tools and plugins that can be added to the platform to make it more powerful. Debit and Credit Cards – Deposits with debit and credit cards will fund your account instantly, but withdrawals are not available. Axi has a wider selection of indices than other similar brokers, and includes the likes of the NASDAQ, FTSE100, DAX30, and Hang Seng. We may receive compensation when you click on links to products we review. FXScouts has been the UK’s most trusted Forex broker review site since 2019.

AxiTrader Regulations

Note that Axi does not allow any withdrawals whatsoever by credit/debit card. AxiTrader hosts an education section with resources aimed at helping people understand trading, the structure of the markets, how to use technology platforms and similar guides and tutorials. You will be able to use this credit to trade the market and transition from a demo to a live account. The amount you learn from placing your first live trade is invaluable and something you will remember for the rest of your trading career. And getting the funds to transition from a demo to a live account shouldn’t be a concern for you.

They may have a limited product range, but it is a great place for many beginners and intermediate traders to cut their teeth. In addition to all this, they have a great support system and a comprehensive provision of education. AxiTrader is a well-regulated broker, overseen by various authorities in several jurisdictions.

AxiTrader’s mainstay MT 4 trading software brings a very competitive technical solution to trade through the financial market to make a respectable profit for traders in every trading session. A dedicated multi account manager is provided to all the traders operating an account. The account manager assists the traders with the training of trading and other market information, and alpari review also helps them improve their trading style. In 2014, many financial investment reports claimed AxiTrader to be one of the top-notch and most trustworthy forex broker brands in the financial market. Financing costs on swap rates or overnight positions, however, apply. This is the primary reason why this trading platform is considered safe as compared to other financial brokers.

Customer Service

Standard Accounts chargezero commissionfees but come with higher spreads. The commissions and fees AxiTrader charges for S&P 500 CFD, Europe 50 CFD, and EURUSD are built into the spreads. This is helpful for traders to manage their risk around potentially market moving news. It can also be used by those who like to trade using an event driving strategy.

However, you cannot withdraw funds back to a credit/debit card even if you funded your account using this method. The broker is regulated by the top-tier UK FCA and the ASIC, which have stringent rules and enforcement mechanisms. Finally, we withdrew our funds to determine if the withdrawal process was smooth. Client support can be reached via email, phone call, or live chat.

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There are of course some areas for improvement as it relates to their asset coverage and educational material. However, these are relatively easy to rectify and it is possible that with enough requests, they could include them. Lastly, if you think that your trading is impressive then you can always export your trading data and use it to secure external funding from investors. Not only will it analyse your trading history and make suggestions around this but it will also make use of the reams of trading data that it has gathered over the years. This could help you by making suggestions which could significantly improve your trading performance.

For those who do not know, MT4 is a third-party trading program that was developed by a company called Metaquotes. This is one the most widely used external trading software currently on the market. What really put the cherry on top for us was the fact that they were quite open to traders visiting their account managers at the offices.

Looking for more references? Here are other comparisons related to axitrader and forexclub:

One of the prime features is the AI-guided analysis of a trader’s daily performance. For professional traders, the company offers to use Next Generation of MT4 – MT4NexGen. This platform is available free of charge for the clients who open a live account with the minimum deposit of 1,000$. Expert advisors of the trading platform recommend all their customers to research and analyze the financial market before investing any amount of money. It is further recommended to use a demo account for trading before starting a live trading session.

This broker provides maximum flexibility on deposit requirements for all traders. Axi is a trusted brokerage firm that caters to 60’000+ traders across 100+ countries. Axi offers Ultra-competitive pricing, unbeatable value, free education, and award-winning 24/5 customer service. Customer service at AxiTrader is important; they offer 24/5 customer and platform support; they also have dedicated Account Managers that provide personalized service to their customers. They’ve won service excellence awards, with the most recent one being from compareforexbrokers.com.au as the 2018 Best MT4 Provider Award recipient. We understand the hesitation some traders have in moving to a live trading account.

Leverage is a quite known instrument, which obviously multiplies the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. AxiTrader are divided into two accounts – MT4 Standard Account and MT4 Pro Account. Check out the current account balance requirements at Axi in our What is the minimum account balance at Axi article. Is Axi legit features all the key aspects you need to look at to see if a broker is safe and legit.

Islamic Account

Moreover, they have a host of other features which will satisfy the professional traders among you. As has become standard for most brokers these days, AxiTrader offers a demo account. This is a great way for a trader to practice their trading in a non-threatening and beginner friendly way. 67.7% of the retail traders who use their accounts to trade CFDs with this broker, lose money. You need to consider the level of knowledge you have before you divest and start trading in CFDs.

The phone supports us average-speed, but the answers are all relevant. Aside from those features, there is nothing on the Desktop app you cannot find on the mobile or web trader platforms. In our AxiTrader review, we found that it is available for both iOS and Android users. After you download the AxiTrader MT4 mobile trading application, you will need to access the relevant AXITRADER server.

How to open your account

Their offering is average, seeing as they do not offer ETFs or CFDs. There is a reason why having many base currencies like AxiTrader here, matters. The selection process includes a careful look at the products that they offer, the client profile, their fees structures and other details that matter. Axi outsources its live chat customer support to specialised agencies. The first agency we dealt with told us that our Neteller withdrawal was cancelled due to a technical issue.

The history of this broker remains a shining example for others to follow. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Alex Lielacher | 23 Jun 2022 Oracles give individual blockchains the ability to connect to external systems, enabling smart contracts to execute based on data from real world events. Blockchain – 6 Min Read What is a Decentralised Autonomous Organisation ? Alex Lielacher | 04 Jul 2022 Decentralised Autonomous Organisations are entities that have no central leadership. This means that DAOs distribute authority democratically among members.

BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. Unlike some online brokers we have reviewed Axi does not charge a withdrawal fee. This means that you’ll see the same amount of money on your bank account that you transferred from your brokerage account. The Axi Trader platform offers MT4 NextGen compatibility, which complements MT4 trading. It uses the MT4 NexGen platform, which adds functionality and enables traders to trade from mobile devices.

Moreover, given that these VPSs are located in high speed datacentres, you have very little latency when it comes trade execution. This is especially important for those traders who use high frequency trading algorithms. For those traders who prefer to watch videos for guidance, AxiTrader has included a host of video tutorials on demand. These tutorials help those traders new to the MT4 platform about how to set it up and make the most of its functionality. You can also set the platform up to receive notifications via the app, email or an SMS.