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AxiTrader is it a scam? Reviews about forex broker

Axi does charge an inactivity fee, which adds to the excellent cost structure. All Axi subsidiaries 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. Even in the view of its minor discrepancies and some unanswered regulatory questions, AxiTrader represents genuineness in assisting the forex trading requirements of people.

axitrader review

As you will see in our AxiTrader review, the broker mainly uses MetaTrader. It offers forex and CFD market investors access to all asset classes. They include 54 currency pairs and 41 CFDs for goods, metal, indexes, and cryptocurrency. Overall, we found the main Axi offering that adheres to accessing the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced ones. A truly comprehensive range of tools, at AxiTrader’s mainstay MetaTrader 4 brings a very competitive technical solution to trade through market-making execution.

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. The platform serves as a broker to millions of traders around the world. An Australian broker with an excellent reputation, Axi is an MT4-only broker with three low-cost trading accounts and some of the best trading tools in the industry. We were also pleased to find that Axi is regulated by the FCA, a British regulator that provides a high level of investor protection.

Final Thoughts – Is AxiTrader a good broker?

Scammers always pretend to be from a legit broker and try to con people. 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. However, always note that high leverage can work in reverse too.

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.

As a broker who works internationally, the AXITrader opted for the standardized MT 4 platform which is preferred by Australian as well as UK clients. The simple trading software is well equipped for beginner and professional needs. Yet again, the broker offers no re-quotes to the delight of many traders. Since mobile trading became inseparable from the Forex industry because the majority of traders want to have both options, tot rade from home and on the go.

You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. Any information or advice contained on this website is general in nature only and does not constitute personal or investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

Account types

Our accounts were approved within minutes, which is exceptionally fast for the industry. However, we always recommend you to do your own research before opening an account with the broker. However, the number of tradable pairs was reduced in 2017.

  • Join Axi’s Facebook group now for all the market insights from professional market analysts.
  • We’ll take this on board and get back to you once we get an update.
  • Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
  • Axi’s trading tools transform the MT4 platform into a state-of-the-art trading terminal.

IC Markets charges $15.8, $10.6, $4.8 and $12.1 respectively. If you feel any additional concerns, you should call in and talk to them about this. Other than that, they seem to take client trust very seriously.

By hosting trades on VPS, AxiTrader allows you to connect your platform from any place with a network connection for easy trading anytime, anywhere. There’s a Correlation Trader, which reduces your errors in money management and helps you find new opportunities to trade by finding out where there are correlations in the markets. The Session Map is another great tool that allows you to track when markets open and close.

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. It is regulated by the Financial Services Authority, bearing number BC 2019. A live chat can also cover some training topics wherein an expert answers the questions and satisfies them.

Axi offers three MT4 market-execution accounts, two with no minimum deposits and a professional trading account with a very high minimum deposit, but extraordinarily low trading costs. The Standard Account has the trading costs included in the spread while the Pro and Elite accounts offer tighter spreads and a small commission per trade. The bonuses in any brokerage company make trading more comfortable and encourage clients to increase transactions in the financial markets. Previously, AxiTrader represented 400-dollar trading credit bonus. This offer was available to all clients and could be obtained by speculators who traded at least 1 standard lot for 60 days.

AxiTrader withdrawals – are they fair?

The research tools are limited as well which is another drawback for beginners. Also, the broker’s customer support is not available 24/7. 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. There is no minimum deposit at Axi, resulting in applicable requirements based on payment processors. 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.

Is Axitrader an Ecn Broker?

Yes, Axitrader is an Ecn Broker.

However my withdrawal on my commission on bringing clients has been unsuccessful since June! I received replies that the payment is on hold and so on and so forth. All new and existing clients have dedicated account management and access to customer support 24/5 via telephone, email, and live chat. Toll-free numbers are available in Australia, China, Germany, Hong Kong, Indonesia, Malaysia, New Zealand, Singapore, Spain, Thailand, and the UK.

Generally good experience- professional at resolving tech issues

You can use this information to improve your analysis and trading activities in the markets. You are provided with a 30-days free demo platform to train yourself. AxiTrader is overseen by strict regulatory rules that require clients to fulfill compliance checks.

Axi is a MetaTrader-broker that offers to trade with 80 currency pairs and 65 CFDs on commodities, metal, indices, and cryptocurrencies. Moreover, it also provides several social-copy trading platforms and tools. When it comes to spreads we need to consider both of the available trading accounts.

axitrader review

Plus, we’ll hear details from Ben at AxiTrader And hopefully, that gives you a good overview. Make sure you check out the link below as well for some details. Remember, we mentioned that the compliance checks at AxiTrader are strict. In addition to that, you should always make sure that you know what you are doing before you get into the forex market, for your good. There are educational articles, video tutorials, online courses, and eBooks.

Traders can also follow the latest research and trends on real-time charts. Debit and Credit Cards – Deposits with debit and credit cards will fund your account instantly, but withdrawals are not available. The broker has a Facebook closed group where they work with market analysts to share insights and materials.

Who is the Most Trusted Forex broker?

  • Best Forex Brokers.
  • CMC Markets: Best Overall and Best for Range of Offerings.
  • London Capital Group (LCG): Best for Beginners.
  • Saxo Capital Markets: Best for Advanced Traders.
  • XTB Online Trading: Best for Low Costs.
  • IG: Best for U.S. Traders.
  • Pepperstone: Best for Trading Experience.

It has all the great features that make it easy for any trader to take advantage of the provisions offered by the Pro Account. Many of the regulations imposed by the regulatory agencies overseeing AxiTrader, have everything to do with client protection, among other reasons. One of the new introductions in the rules involves restricting brokers from offering bonuses to clients.

The goal of this initiative was to help drive its global growth. It is how they can offer services across so many countries. With a great reputation, making them an excellent choice for both learning and expert traders. The London-based brand of AxiTrader launched in 2012, and when they expanded by 2015, they had hit $100 billion in monthly volume moved by clients. Withdrawals, isn’t back into the funding credit card like, mentioned in the company documents.

axitrader review

An oversight in the administration of this company has resulted in the suspension of its license. Users located in off-shore jurisdictions may not be subjected to this suspension order. It is difficult to confirm how the company is mitigating this issue. For its regulatory limitations, AxiTrader is often considered to be a high-risk broker. The perceived high risk of losing money when trading on AxiTrader has been debunked in this review. It is a financial service provided globally and is legit for users in the countries regulated under its authorities.

AxiTrader is not a financial adviser and all services are provided on an execution only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. Important legal documents in relation to our products and services are available on our website. You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary. AxiTrader is 100% owned by AxiCorp Financial Services Pty Ltd, a company incorporated in Australia . Over-the-counter derivatives are complex instruments and come with a high risk of losing substantially more than your initial investment rapidly due to leverage.

In my view, it doesn’t really matter since there’s no access to Forex on Saturday and Sunday anyway. However, you can always call up AxiTrader and discuss this with them if you require more info. Thanks for the post and your effort for this great review.

MT4 WebTrader also makes an ideal replacement for the traditional MT4 application in terms of functionality and mobility. The MT4 WebTrader is perfect for using its custom scripts to access a trading account on the go. The feature ensures that no trader accounts lose money when trading remotely from their mobile devices or web browsers. Axi offers a trading account for Islamic traders due to religious beliefs. Islamic trading accounts featuring no swap fees or interest payments. This practice eliminates the misconception that new accounts lose money when trading forex.

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