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. Axi supports the use of Expert Advisors (EAs) on its trading platforms, enabling automated trading strategies.

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.

Axi trading platforms and tools

We noticed that Axi has low Forex fees, and deposits and withdrawals are free of charge. This structure enhances trader confidence and ease of access to vital information. Axi Trader continuously updates its platform offerings to ensure a seamless trading experience.

Trading with Axi is generally considered safe due to its strong regulatory oversight and adherence to high financial standards. The broker is licensed by reputable authorities, which enforce strict compliance measures such as segregated client funds, negative balance protection, and robust financial reporting. For the negative points, the range of the instrument is narrow and limited to Forex and CFDs.

  • In dealings with clients, AxiTrader acts as a principal counterparty to all of a client’s positions.
  • Overall, Axi broker has exceeded my expectations and I highly recommend it.
  • Broker Axi presents several trading accounts designed for different categories of traders to meet their trading needs and preferences.
  • This may impact how, where and which companies / services we review and write about.
  • It was founded in 2007 and is known by its previous trading name, AxiTrader.

Another highlight for me is the customer support — I had a few questions when I was setting up my account, and they guided me through everything step by step. Axi caters to mobile traders with two apps designed to enhance trading on the go. The Axi Trading App provides access to over 490 financial products, all in one user-friendly interface.

CFDs

The demo account is active for 30 days and is provided with virtual capital of $50,000, allowing traders to test various strategies and tools in practice. Thanks to its experience and constant pursuit of innovation, the company offers optimal conditions for various trading categories and a wide range of trading instruments. Axi also actively cares for its clients, providing quality technical support and educational materials that allow traders to enhance their professional level and succeed in the Forex market. The platform also features real-time market depth data and an integrated economic calendar. MT5 supports seamless trading on multiple devices, including Windows and Mac desktops, iOS and Android phones, and a web-based version accessible through any modern browser. Axi’s MT5 also integrates copy trading, allowing users to replicate the trades of experienced signal providers with customizable risk management options.

  • In this review, we will pay attention to the critical aspects of Axi, which you should consider before deciding whether to trade with this online brokerage.
  • It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
  • Importantly, Axi never asks for passwords or guarantees returns, keeping your information safe and secure.
  • With a trust score of 82, Axi is considered reliable, falling into the ‘Trusted’ category according to ForexBrokers.com.

What makes Axi stand out among other brokers?

Axi clients who open Elite accounts, however, enjoy even better trading conditions axi forex broker review as the commission charged per standard lot is $1.75 per side and $3.50 in both directions. Axi offers 24/5 customer support via e-mail, live chat, or phone using ten toll-free numbers, but I did not find an FAQ section. Axi explains its products and services well, and I believe most traders will not require assistance. In case of emergencies, Axi customer support is easily accessible in 13 languages.

What can I trade at Axi?

Your account balance must be sufficient to cover the required margins of your trades. This is a necessary aspect of risk management and maintaining stable trading capital. The minimum deposit amount for each deposit method at the broker is detailed in the “Account Funding and Withdrawal” section, which lists the minimum deposit amounts for each available payment method. Commodity trading is the buying and selling of raw materials, such as crude oil, wheat, corn, rice, and so on, which are important to the global economy. Crude oil is the most traded energy instrument on this broker’s platform. Axi has licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC.

Finally, install the MetaTrader 4 platform or Axi Trading App on your device and log in using the credentials provided after account approval. Once everything is set up, you are ready to access the markets and start trading on Axi’s platform. Axi provides a suite of research tools to enhance traders’ decision-making processes, available both on its platforms and website.

I’ve been using Axi’s Pro Account for over a year, and it delivers ultra-low spreads—averaging 0.1 pips on majors like EUR/USD. Slippage is rare, and execution speed is consistently under 100 ms on my VPS. Combined with their integration with MT4 and advanced charting tools, it’s been ideal for scalping and high-frequency trading strategies. 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.

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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 provides competitive fees with a transparent pricing structure, making it an appealing choice for traders seeking cost-effective trading conditions. The broker provides flexibility in its fee model, with floating spreads for Standard accounts and tighter spreads for Pro and Elite Accounts. Axi is a reputable online Forex and CFD broker that provides a choice of over 290 trading instruments across multiple asset classes, including currencies, commodities, indices, equities, and stocks. The broker offers some of the best trading conditions to beginners and experienced traders, as well as high volume traders.

Axi reviews

Axi charges brokerage fees through both spreads and commissions, which vary depending on the account type and market conditions. Additionally, the broker may charge fees for specific services, such as overnight financing/swap rates, withdrawal fees depending on the method, and inactivity fees after prolonged account dormancy. A Demo Account is also available, allowing new traders to practice and familiarize themselves with the platform and market conditions in a risk-free environment before committing real capital. Axi supports a variety of local and global payment methods, enabling traders to fund and withdraw their accounts easily, often without commission fees. With flexible options and broad regional accessibility, managing your funds becomes straightforward and convenient.

Does Axi charge setup costs or high deposits for its accounts?

It is noted though that retail investor accounts in some parts of the world are not permitted to trade cryptocurrency CFDs. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. I had a few questions about setting up my account, and I reached out to Axi’s customer support.