Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries a risk of financial loss and may not be suitable for all investors. CFDs are complex financial instruments and carry a high risk of losing money quickly due to leverage. Between 74–89% of retail investor accounts lose money when trading CFDs. You should carefully consider your investment objectives, experience level, and risk tolerance before deciding to trade any financial instruments.. Axitrader is a reliable platform that can be considered trustworthy due to its strict regulatory practices.

Funding is seamless, and I usually receive withdrawals within a business day. While Axi’s fees are not the lowest in the market and its range of instruments is not as broad as some other brokers, Axi still remains a reliable broker, offering a strong overall trading experience. The broker also excels in offering a range of educational resources, such as video tutorials, articles, and courses, to support both novice and experienced traders.

ORATS (Option Research & Technology Services) Review

I also like the seamless 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. 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.

Generally, demo accounts are targeting newly forex-trade clients that still need to get practice on how to handle the live accounts and how exactly the market works. These accounts also work in case of the need to acquire new information or knowledge about the market. It comes by nature that such a trusted broker from many traders would have axitrader review the best regulations from the best financial regulators of the market.

What you will need to open an account with Axitrader

• It is an expensive account, and I recommend traders opt for the Pro alternative.
• Your demo account comes with 24/5 customer support and dedicated account managers.
• Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.
• You can follow multiple signal providers and do not need to be at your terminal when trades are placed.
• Setting up my account was a breeze, and the platform’s responsiveness has been consistently reliable.
• It has bagged several industry awards for providing satisfactory trading services to over 60,000 loyal clients in 100+ countries.

ASIC and FCA regulations explicitly require the broker to concentrate its efforts on creating an excellent environment for customers without succumbing to the temptation of profits. Both regulators are considered to be the most respected agencies in the market, which does provide great reassurance for traders while choosing AxiTrader as their Forex broker. The broker is also committed to customer service by responding to consumer complaints and feedbacks within 24 hours, which helps in increasing customer satisfaction. AxiTrader is a smart choice for savvy forex traders looking for a MetaTrader 4 Forex broker with enhanced features, strong customer service matched with relatively high leverage.

Withdrawal request

I’ve been pleased with the competitively priced spreads at Axi Select. This pricing structure allows me to maximize my potential profits on trades. The transparency of their pricing is also appreciated, as I know exactly what I’m paying for each trade. Axi Select’s focus on providing competitive spreads is a significant advantage for cost-conscious traders. Opening an Axi Live Account is a simple process that allows traders to begin trading with real funds. To begin, visit the official Axi website and click on the “Open Account” button, which can typically be found on the homepage or in the “Accounts” menu.

Pros and Cons of Axi (AxiTrader)

Plus, I haven’t experienced any major slippage, even during volatile market conditions. So far, the execution speed has been decent, and the spreads are competitive. The platform could benefit from more educational resources, but overall, it’s solid. The minimum deposit required to open an account with Axi varies depending on the entity and account type. For international, UK, and Middle East entities, both the Standard and Pro Accounts initially have a $0 minimum deposit requirement.

Axi processes client withdrawals via most of the payment methods available for deposit making it convenient for its clients to withdraw their funds. Axi charges low fees for all the instruments on offer including Forex pairs, indices, commodities and cryptocurrencies. We recommend that you open your account with the UK entity since it is the only one that offers deposit protection to traders if it is available to you. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.

Axi Select sets itself apart with its unparalleled trading tools and features. The platform’s advanced charting, market insights, and customizable interface provide a tailored experience for traders. The exclusive events and webinars for Axi Select members add significant value.

• Again you will have access to more than 140 tradable markets with the same range of great additional features.
• The demo account is purely for practice, while the two live accounts have no set minimum deposit.
• As a result, the broker makes use of a shorter, and therefore faster, connection.
• This flexibility allows traders to choose a payment method that suits their convenience.
• Their assistance made my onboarding process much more comfortable and stress-free.

The broker is authorized and overseen by several reputable financial authorities, including the Australian ASIC, FCA in the United Kingdom, CySEC in Cyprus, and DFSA in Dubai. These regulatory bodies enforce strict compliance with financial standards, safeguarding client funds through measures such as segregated accounts and investor compensation schemes. Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, Axitrader trading losses are always limited to the current balance of funds in the trader’s account. Trading CFD trades on the Axitrader platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling.

Overall, Axi provides a smooth trading experience that I would recommend to both beginners and experienced traders. Axi provides a suite of advanced trading tools, including market analysis, economic calendars, and trading signals. These tools help traders make informed decisions and optimize their trading strategies. Axi offers responsive customer support available 24/5 through various channels, including live chat, email, and phone. This ensures that traders can receive assistance whenever needed, enhancing their overall trading experience. After comparing several brokers, I found that Axi consistently offered lower spreads on major currency pairs.

By doing so, traders can trade with peace of mind, knowing that Axitrader losses are limited to the funds available in your Axitrader account when negative balance protection is in place. Negative balance protection is important for traders using leverage on platforms like Axitrader. In an unfavourable market move, leverage can result in a loss that exceeds the trader’s account balance, leaving them with a negative account balance.

Axi is a reputable broker offering a solid amount of FX instruments, albeit a relatively small number of CFDs via it’s FCA and ASIC-regulated entities. For a full list of all of the CFDs on stocks and local indices, check their website Axi.com. There are various options for funding your account, including bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller.

What are the Axi Pros and Cons?

Scalping requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain. Axi uses has a chatbot that suggests articles and possible answers to your questions when you first initiate a chat. You will be required to provide your email address and name to chat with the live agent. The recommended minimum amount to start copy trading on Axi is $250, although you can start with less. Cards and e-wallets deposits are credited instantly while it can take 1 to 3 business days for bank transfer deposits to be credited to your account. Step 6) Upload verification documents like an ID Card to verify your identity and a utility bill or bank statements for your address.

The platform is incredibly user-friendly, making it easy to navigate and execute trades. I appreciate the low spreads, which have allowed me to maximize my profits. The educational resources are vast and have significantly improved my trading skills. Overall, Axi broker has exceeded my expectations and I highly recommend it. Axi also offers swap-free accounts for clients with specific religious or personal preferences, but these accounts are only available to select regions or clients. Axi is widely regarded as a reliable broker, known for its consistency and transparency in trading services.