Below is the Initial Margin rate and leverage tables at AxiTrader. AxiTrader was founded in Sydney in 2007 originally as an Australian broker under AxiCorp financial services which has offices at Level 10, 90 Arthur St. At AxiTrader, you will have charting tools, the economic calendar we mentioned, and news feed access. All of these are available directly from the MetaTrader 4 platform. You should be aware that they do not have trading ideas or fundamental data. The live-chat feature is quite fast, with relevant and quick answers.
Clients should know that the regulatory suspension will not affect the international clients; AxiTrader still operates axi.com under the FSA and FCA jurisdiction. Overall, the broker remains genuine in all ways since its founding in 2007.
By ForexRating, you can judge a degree of trust that traders put in a particular forex broker. You just need to fill in the form, download and install the platform (MetaTrader 4 / MT4) and start practice trading with $ 50,000 virtual cash on the account. We highly recommend getting a demo account before going live in trading because it is important to practice your skills and strategies and as well as be comfortable with the platform. Trading itself requires high risks and as traders, we need to be aware of that. Any type of trader would want to be able to trade anywhere and whenever they want.AxiTrader lets you enjoy trading wherever you are whenever you want with its mobile trading. It is quick and easy to install, full of functions like charts, alerts, and analysis to help you keep pace with the market, in real-time. AxiTrader mobile trading app connects your main MT4 trading terminal to give you trading flexibility to the maximum.
No additional fees are charged for trading index CFDs on the Axi Trader MT4 account solution. A major pro was that Axi has low spreads across all the instruments we traded with Bitcoin spreads being very low. Axi Forex brokers offers several cryptocurrency products including Bitcoin, which is the most popular and largest crypto by market capitalization. Axi offers a small number of Cryptocurrencies to traders, just 6 instruments.
Please visit this page to find an up-to-date information about the deposit methods, accepted currencies, deposit and withdrawal times, etc. To know whether AxiTrader is a truly trustable one must remember to https://www.investopedia.com/articles/forex/11/why-trade-forex.asp check if the broker has any regulation. AxiTrader is regulated by many financial authorities worldwide. A regular AxiTrader account has an average spread of 1.24 (0.44 for Pro accounts) for the EUR/USD pair.
Is trading safe in AxiTrader?
Axi charges low fees for all the instruments on offer including Forex pairs, indices, commodities and cryptocurrencies. The application is extremely user-friendly, and numerous world-class trading tools and graphs are available, which makes it ideal for all forex and CFD traders. The client axitrader funds of the UK enjoy coverage from the Financial Services Compensation Scheme of over £50,000 in a highly unlikely case when AxiTrader becomes bankrupt. “But commissions are high for credit-card transactions,” you say. Maybe as most of the brokers take up to 3.2% in funding fees.
- I just want to inform that this weekend the spreads become 212 points again.
- No past performance is indicative of the future results you may get from using the forex signals we provide.
- AxiTrader is regulated by many financial authorities worldwide.
- Traders trading with this broker will enjoy direct access to multiple destinations of liquidity in forex markets.
- AxiTrader’s customer service is very professional and helpful.
- By the end of this review, you will have made the choice of whether or not to use AxiTrader.
Finally, we withdrew our funds to determine if the withdrawal process was smooth. Client support can be reached via email, phone call, or live chat. All information on 55brokers.com Forex brokers is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
Review of the deposit and withdrawal
The Pro Account charges a $7.00 round turn commission per Standard Lot of 100,000 units for accounts denominated in USD or AUD . With signals, you do not have to work hard, and that allows you to diversify what you do and spread your capital to markets that would have been out of reach. Signals also provide clients with flexible risk parameters so that you can determine your risk tolerance https://forexreviewdaily.com/ and have stop loss contingencies. Even better, is the fact that AxiTrader pledges to credit up to #34.99 of the monthly ForexVPS fees for their customers who trade more than 20 lots in a month. This tool is available for free to all AxiTrader clients. With it, you can automatically follow the performance of top traders. It allows you to mirror their trades so that you can learn on the job.
Is Axi regulated? – Regulation and safety for customers
It enables you to track your progress with comprehensive trade history and improve with analysis too. It gives you access to the same depth of pricing as institutional businesses like banks, financial institutions, and hedge funds.
AxiTrader’s Mobile App
There are different cost structures from all theAxiTrader account types. The non-trading fees include charges that are not directly related to the trading activities. AxiTrader offers an ECN-type account option with theirMT4 Pro Account. TheirStandard Accountis not a true ECN account and spread mark-ups apply. With this Standard Account type, AxiTrader applies a market maker brokerage model. AxiTrader acts as a market maker with theirMT4 Standardtrading account option, where spread-mark-ups are applied but no additional charges or commissions occur.
Otherwise, the above review points to AxiTrader as a top-notch broker. I’m here reading your post to enter the contest to win $3000 USD in trading money. My investment strategy is more conservative, but I appreciate the opportunity nonetheless. OK so this Broker is Awesome, Unless https://forexreviewdaily.com/axitrader/ you live in the USA. So for all of us who live in the USA, are we just screwed or do you have a suggested broker for us? This blog post reads to me like, hey I found the most awesome thing in the world but too bad or you Americans, you can’t be a part of our awesome club.