AXI AxiTrader review 2025 ++ Scam or not? Broker test
There are various options for funding your account, including bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller. We were particularly impressed by the low spreads charged on Bitcoin trades, which are less than a third of the industry average, making the broker very attractive to Bitcoin traders. 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.
Research and Tools
Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. If you are a highly experienced and professional trader, the MT 4 Elite account is perfect for you. Thanks to their partnership with Manchester City, you can also win exclusive prizes such as VIP pitch-side experiences and behind-the-scenes tours. 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 in the account.
AxiTrader Broker Review 2019 – A Must-Read Before Trading
For this AxiTrader review, we opened a live account and deposited over €6,000. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. Trading financial instruments is a high-risk activity that requires careful consideration and risk management.
How Is Axi Customer Service?
Its user-friendly interface ensures smooth navigation, making it suitable for traders. In addition, Axi stands out with its competitive pricing and good spreads as we find on its spread account. AxiTrader offers MetaTrader Pro, the paramount MetaTrader platform available. This allows for a DOM in trading, giving you access to liquidity information. Beyond that, there are all the usual MetaTrader opportunities and varieties as well.
Axi stands out for its solid regulation across multiple regions, providing a sense of security for traders. Additionally, the broker offers good educational resources, similar to some of its competitors. However, it may not be as comprehensive as those offered by FP Markets and Pepperstone. As part of the process, Axi requires identity verification to comply with regulatory standards. This involves uploading a valid government-issued ID, such as a passport or driver’s license, and proof of address, such as a utility bill or bank statement.
The platform’s intuitive interface and robust https://traderoom.info/is-axitrader-truly-a-trustworthy-firm/ tools make trading a breeze. I love how responsive the customer support team is—they’re always there to assist promptly with any queries. 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.
However, it’s vital to understand that the platform has limited educational resources available, which may hinder beginners looking to improve their skills. Additionally, you might face high fees for inactivity and limited funding options, which could impose restrictions on your trading activities. On Axitrader’s platform, you’ll find a well-structured user interface that prioritizes ease of use. The layout is designed to ensure that you can access critical information without any hassle, making it easier to execute trades, analyze markets, and manage your portfolio.
- If you decide to close your Axitrader account, it’s important to do so with the Axitrader broker customer support and obtain confirmation that no remaining Axitrader fees are due.
- 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.
- Either way, if you are looking to trade Forex in a serious manner, $2000 is not much to put into the account.
- You can also make use of some of the other neat features on Zulutrade including an account management suite that is equipped with advanced risk management tools.
- Their platform is incredibly user-friendly, making it easy for both beginners and seasoned traders to navigate.
- The registration process took a total of 15 minutes and our account was approved on the next day, which was expected.
You can also request a callback by filling up the ‘Request A Call Back,’ and an agent from AxiTrader will get in touch with you and assist you with your needs. Axi has support in 6 languages in around 12 countries that are trading with the firm. The live chat has an instant response, which ‘instant’ means that you will receive a response within 10 minutes. Limit orders will help manage your entry into new positions, and the margin calls provided will ensure your equity never drops below a particular level. The only cases where a fee might be applied is if you incur a fee from your own bank for a wire transfer, or you incur a conversion fee if your deposit method does not match your base currency. For example, if you gave two accounts, one with a $500 balance, and the other with a $200, then your balance can go to -$500 on the other account since you have enough to cover it.
There are other administrative charges that you may incur which include things like sending duplicate statements as well as debt collection charges. AxiTrader seems to be fairly transparent with their fees and have a similar fee model to a range of other brokers in the industry. AxiTrader also provided video tutorials on how to navigate their platform.
4: Choosing the Right Platform for Your Trading Needs
As explained in the section above, AxiTrader has many advantages for traders, such as no deposit, withdrawal, or inactivity fee. Nevertheless, like every other broker, Axi also makes a profit from each of your trades. The exact spread depends, and the instruments you trade, and the commission will mostly depend on your account type. Since Axi gives traders the ability to trade Forex and some CFDs, you must know the difference between these two in order to have better trading results. CFDs are complex instruments and come with a high risk of losing money or investments rapidly due to leverage.
AxiTrader offers a diverse range of trading tools and features designed to meet the needs of all types of traders. From advanced charting and technical analysis tools to low spreads and high leverage, AxiTrader provides a comprehensive trading experience. Whether you are a beginner or an experienced trader, the platform ensures that you have the tools necessary to optimize your trading strategy and manage risks effectively. By understanding these trading features, you can make more informed decisions and improve your chances of success. MT4 Pro Account is the account that most professional traders prefer.