AXI Review ️Unbiased Pros and Cons Revealed 2024

Axi, previously known as Axitrader, is an online trading service provider that has been in operation since 2007. Originally an Australian trading company, it has expanded over the years, opening a London branch in 2012 and commencing operations in China in 2015. Self-confessed Forex Geek spending my days researching and testing everything forex related.

How Much Are Non-Trading Fees With Axi?

As such, all data is encrypted during transmission and the company uses cutting-edge software to protect traders. Axi has a regularly updated blog, which details industry announcements and views as well as insights into economic news across the globe. There is also the opportunity to receive market and technical analysis from experts. In addition, guides and infographics provide added data for traders. Generally, the spreads offered by Axi are in line with other sites.

What are the Axi Pros and Cons?

The Axi platform market for CFD and forex training has several competitors, including TMGM, Pepperstone and Vantage. All use the MetaTrader trading platform and offer similar products. Axi supports more languages than the competitors, but the client support is better with TMGM and Pepperstone. Axi offers a well-rounded educational program, making it a good choice for beginner traders. The third-party PsyQuation trading analytics platform also provides an excellent tool to make traders better.

Trading fees and other costs

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• Once verified, you will then be able to fund your account and start trading.
• These are charged based on trade volume (though, they are sometimes fixed); The higher the volume of your trade, the higher your commission.
• A wide variety of CFDs are available, though the addition of instruments like shares would help increase the value of the ecosystem.

Axi Available Assets

This commitment to education not only enriches my trading knowledge but also enhances my overall trading performance. Axi’s Islamic Account conforms to Shariah law, providing a trading platform free from swaps. This axi forex broker account specifically caters to Muslim traders who prefer adhering to the financial standards of their religion. The Axi Pro Account caters to proficient traders knowledgeable of intricate financial market nuances.

Support

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. There are no fees charges on deposits or withdrawals, though some supported payment methods like Skrill do impose a small third-party charge to Axi users. Small overnight and rollover fees are industry standard account features unless users opt for Islamic accounts, which are Shariah compliant and swap/rollover free. The main way that Axi generates revenue is spreads, and even these are among the industry’s thinnest. On Pro accounts, there’s a $7.00 roundtrip commission on each trade ($3.50 when opened and $3.50 when closed).

A total of 51 charting indicators and 31 drawing tools are available thanks in the most part to MT4 and the other third party platforms. One click trading directly from the charts is also available which is perfect for scalping, and price alerts can also be set. All round, this makes for a highly customizable trading experience at Axi. With Axi, there are a wide range of trading platforms and tools available and at your disposal. ForexVPS – They offer 24/7 customer support at a price of $34,99/month, but Axi will cover the fee if you trade more than 20 lots per month.

Axi offers a demo account that allows up to thirty days of dummy trading. Customers can choose whether to open a practice standard or practice pro account. That said, spreads available for standard account holders only start at 0.4 pips. In comparison, the pro account charges a $7 USD round trip commission but spreads start from 0.0 pips.

Axi offers traders a free demo account to practice trading without risking any real funds. The account operates from the MT4 platform and comes with  $50,000 worth of virtual funds, access to real-time spreads, and a complete replica of the live market. The demo account typically has a 30-day expiry date, though users can potentially request an extension. They have a sizeable range of tradable instruments and offer advanced trading tools, along with competitive spreads, relatively low commissions, and fast execution through the MT4 trading platform.

The MT4 trading platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is compatible with Android and iOS devices. The WebTrader can be accessed through all popular web browsers, such as Chrome, Safari, Firefox, and Edge. Filippo specializes in the best Forex brokers for beginners and professionals. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products. Axi provides well for this by offering a number of order tools provided by the trading platforms. These include the ability to set stop losses, trailing stops, and take profits which can help manage your current positions.

An equivalent trade on a zero spread account with Fusion Markets will incur a $4.50 commission per round turn, which is, at present, among the most competitive offers within the industry. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiTrader is not a financial adviser and all services are provided on an execution https://forexarena.net/ only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. Important legal documents in relation to our products and services are available on our website. You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary.

I always like to know what is happening around the world as the news can have a large impact on price movement. The alarm manager can send you customised alerts which is useful if you are monitoring multiple charts at once and do not want to be at your screen all of the time. You can still set standard alerts in the MT4 platform which do more or less the same thing. The correlation trader will show you the correlation between different instruments and can help to find potential trading opportunities and for order management. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I was taken part in trading competition at the end I won 12th position.