Here you can trade all the available assets including Forex, CFDs, Spread Betting, and Metals. AxiTrader offers local phone support in Australia with AUD as the base account currency. No commission or currency conversion fee will be applicable to Australian clients at AxiTrader. AxiTrader is an ASIC regulated forex broker that allows trading on CFD instruments through MT4 trading platform.
I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. Besides competitive trading costs, Axi offers traders the third-party trading analysis platform PsyQuation. It can help traders improve their performance, which I find an excellent tool. Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature. AxiTrader’s customer support team was helpful and provided direct and relevant answers to our questions, but not at all times.
- No additional fees are charged for trading index CFDs on the Axi Trader MT4 account solution.
- ECS doesn’t retain responsibility for any trading losses you might face as a result of using the data hosted on this site.
- Firstly, there is Axi’s copy trading app, meant for replicating the strategies of top traders.
- To make life easier for the traders, Axi doesn’t charge any withdrawal fee.
Traders can also change the leverage level of their accounts after registration. The registration process took a total of 15 minutes and our account was approved on the next day, which was expected. We tested the entire process when opening our account, and it was fully digital. The broker is regulated by the top-tier UK FCA and the ASIC, which have stringent rules and enforcement mechanisms. The platform is available as a webtrader, again directly through your browser. It can also run on almost any device and has over 50 indicators and charting tools in places along with being a very easy to use platform.
Support services are staffed 24 hours a day, with average response times via social media or email being less than 60 minutes. Finally, to add further options to the table, the brokerage includes a frequently asked questions area that outlines various basic questions to commonly posed questions. There is no lower limit on the deposit and withdrawal amount at AxiTrader in the UK. After providing basic details, clients need to choose a strong password which will be used to access the live account AxiTrader and the trading platform as well. After choosing the password, traders need to choose the account type. Traders in the UK have four options namely Standard account, Pro account, Spread betting account, and Swap-free account.
Customer Support
Your trades, deposits, profits, losses, and withdrawals on the platform are measured in your base account currency. Spreads for pro accounts start from 0.0 pips and begins at 0.4 pips for the standard. There are two live accounts that have a demo period of 30 days after signing up. The only differences between the standard and pro account are the spreads and the commissions. Yes, in our independent review we conducted multiple tests in regard to their online presence, security, tools, features and client support.
Axitrader MetaTrader 4 (MT
Established in 2007, and in operation for 17 years Axitrader have a head office in Australia. Our review has found AxiTrader to be an honest, respected and well-established broker. Having been in operation for over 10 years, the broker has clearly earned the kudos that have been bestowed upon it. Lastly, AxiTrader is still unavailable to large markets in regions such as the United States and Canada. Traders who like to develop their own trading algorithms and Expert Advisors usually tend to purchase a VPS server to run their scripts on.
After logging into your Axitrader account, you’ll find a range of trading platform options available below. Axitrader may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Axitrader terms and conditions to understand the commission fees and any other charges that may apply is essential. Brokers like Axitrader must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Is Axitrader trading good?
Finally, withdrawal times have been known to take a little longer on occasion, 3 days or more. The content is quite thin yet it can prove to be useful for complete beginners with no experience in the financial markets. Clients can withdraw funds through debit/credit cards, e-wallets, bank transfer and cryptocurrencies. There are no issues with the customer support services at AxiTrader in Australia.
What Platforms Does Axi Offer?
They maintain offices in Australia (GMT +11) and Cyprus (GMT +2) and is therefore able to service clients around the globe during business hours 24/5. AxiTrader offers multi-channel funding and also allow broker-to-broker transfers from selected companies. Traders who manage multiple accounts can take advantage of the Multi Account Manager (MAM) system, which allows account and money managers to manage a lot of different accounts from one location. Our AxiTrader review highlights that the company AxiCorp, as a global market leader, takes security very seriously.
The MT4 trading platform can be downloaded on android, iOS, Windows, and macOS and linked with the AxiTrader trading account. Executives at AxiTrader will verify your details with the document before you can start trading. Once the account is verified, the account opening process is almost complete.
CUSTOMER SUPPORT AND AXITRADER CLIENTS
Some Axitrader trading features can be complex when trading on mobile or using the Axitrader online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Axitrader trading tools properly. As mentioned within the depositing section, AXITrader features a number of payment methods in order to allow traders to deposit funds into the trader accounts. As is the standard, this https://forex-review.net/ includes various credit card, wire payment, e-wallet and internet banking options. The unique side to AXI is they have chosen to include multiple country-specific internet banking methods for those countries to which they operate within. Payment uploaded to trader accounts are processed immediately and will reflect in thirty seconds or less unless wiring payments, which will take up to five business days.
The platform’s user-friendly interface provides seamless navigation, ensuring both novice and experienced traders can execute trades efficiently. With lightning-fast order execution, Axi minimizes latency, crucial for capturing market opportunities in real time. The integration of advanced https://forex-review.net/axitrader-review-scam-or-legit/ charting tools enhances technical analysis, empowering traders to make informed decisions. AxiTrader does not incur any non-trading fee for active traders as deposits and withdrawals are free. As AUD is available as base currency no currency conversion fee will be charged for AUD deposits.
These include the AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD. This means that Axi should be very well placed to deal with you as a global trader no matter where you are located. This makes Axi a great place if you want to try spread betting at a low starting cost. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to Axi.
AxiTrader has no minimum deposit requirements, you are free to deposit any amount for its standard and PRO accounts. Overall, the broker covers the most demanding markets to trade, also UK residents can benefit from the Spread Bet option. In this case, the client’s funds are safely kept in segregated accounts with top-tier banks and secured by compensation schemes.
In the case of CFDs, you do not own the underlying asset on trade, only the price difference. Today, I shall review this Forex broker in detail, unpacking every aspect of its operation, services, and features. By the end of this piece, you should be able to decide whether Axi is simply a credible option or boasts the entire smorgasbord of trading features. The broker’s transparency didn’t fail us yet again, and we did come across AxiTrader product schedule documents.