They are required for opening an account, and therefore not an obstacle to new clients. The video library consists of eleven courses, consisting of numerous lessons. While the videos in each are short, they introduce each topic to new traders. I think beginner traders can start there and then research more online. Overall, I find the educational section at Axi comprehensive and of good quality. One of the most ignored trading costs is swap rates on leveraged overnight positions.
An ECN model of operation boosts client trust and allows for breakneck execution speeds. For more than a decade, Axi has built strong relationships with top liquidity providers around the world. The broker can deliver you a more reliable trading service with better pricing and faster execution speeds thanks to these trusted partnerships. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
Discover tax-free* trading with an Axi Spread Betting account
150+ assets are available, along with live pricing and real-time charting. Clients can also keep abreast of the latest trends using the automated news feature. In addition, custom indicators can be added and the MQL4 programming language ensures that traders can develop and test automated investing strategies. The Myfxbook third-party application also integrates with MT4 to offer clients automated trading capabilities.
Nevertheless, AxiTrader gives seasoned traders looking to trade stock indices the benefit of real-time pricing that is connected to the performance of the stock market. Here you will have the option to trade in whichever direction the market fluctuates. The margins are again very low at 1% while the flexible leverage enables you to better control your risk level.
- This website is using a security service to protect itself from online attacks.
- Since this platform was created by Forex traders, it is only natural for it to offer Forex trading to its clients.
- As a regulated and authorized broker, Axi must comply with stringent requirements with regard to client funds.
- Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise.
It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader. Our Axi review above explains the wide range of financial instruments for trade like oil, silver, gold, CFD, etc. Traders can choose from 50 different types of currency pairs like AUD/USD, JPY/EUR, EUR/USD, AUD/CAD, etc. The market is open 24-hours and one can trade at any point of time suited to their needs. It offers low-cost trading with best in class risk tolerance limits and different types of assets to choose from.
Is XTB good?
Axi’s entire range of trading instruments is available via the high-performance MT4 interface. Axi MT4 has the benefit of having invested in co-located servers and fibre optics for speedier trading. Our Compare Forex Brokers’ Axi review found that it has a US subsidiary called Axi USA. This is the avenue US-based traders need to choose to trade forex to meet American regulation. At present, the broker offers two different types of trade executions.
Generous leverage and low prices ensure that traders can maximize profits. Axi is a global forex and CFD trading firm, trusted by investors around the world. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular broker with beginners and seasoned traders. Axi also stands out for its resources, including copy trading and Myfxbook.
Standard Account
The platform is available in nine different languages, including English, Russian, Chinese, and Spanish, and offers some of the lowest spreads traders can hope for. You may link your mobile device to the trading platform via the MT4 mobile platform. You can see real-time pricing, place and manage trades, examine account history, monitor positions, customise charts, set alerts, and many other things. This is beneficial for traders who need to access their accounts while on the go.
Axi Features
With this account, trades in all available instruments will not incur nor be paid any swap or interest, in accordance with Sharia law. While Axi does not offer deposit bonuses, it presently maintains two promotions for affiliates. Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy. I also believe that the trading conditions at Axi are better than any deposit bonus and the absence of it non-essential. AxiTrader Limited is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. No, Axi does not offer forex traders a commission-free trade bonus.
This simple approach results in faster execution, more accurate pricing, and minimal slippage. Another benefit of Axi’s execution model is direct order filling with no requites. Beginner traders have access to a well-presented educational portal, and I think the PsyQuation trading analytics axi forex broker platform represents the best tool for traders at Axi. I also like the hassle-free withdrawal process at Axi, while Autochartist offers a much-needed plug-in for the MT4 trading platform. Overall, I can confidently rank Axi as one of the best Forex brokers operational today.
It didn’t though receive maximum scores simply because competitors such as Pepperstone and IC Markets offer additional platforms. When spreads and fees are compared to other Australian forex brokers, the overall result was favourable. This included comparisons to popular currency brokers including Pepperstone and IC Markets. This is because their ‘no dealing desk‘ allows direct trading with liquidity pools, which also enhances execution speeds. This trading account is designed for beginner forex traders as it’s not a market makers account.
Trade Execution
You can also open a subaccount, using one account for copy trading and another for original trades. The application can be downloaded from the official website or app store and enables traders to operate in the same manner as they would on desktop devices. AxiTrader was originally an Australian trading company, set up in 2007.
If you have experience trading with Axi please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by Axi and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare Axi with the top 3 similar brokers that accept traders from your location.
This is based in Sydney meeting ASIC training requirements for staff. There are two Axi account types that impact the fx broker costs when trading with Axi. Also, UK-based retail clients’ funds are insured via the Financial Services Compensation Scheme in the event of broker insolvency, as we discussed earlier in the review. For international bank wire transfers, your bank may charge you a receiving fee. This non-transactional fee is your responsibility; please check with your bank if you are unsure. Also, the broker will require Proof of Identity and Proof of Source of Funds before processing withdrawals through international transfers.
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