28 Apr Axi Review 2022 Things you Should Know Before Trading
Overall, Axi can be summarised as a trustworthy broker that is regulated by two tier-1 regulators and one tier-2 regulator . The applicant will be required to complete a simple application form and confirm their identification. Once the application has been approved, the account holder will be able to fund their account. Therefore, you must upload a digital copy of proof of your identity and residency. For example, proof of identity could be a driver’s license or a passport, while proof of residency could be a recent utility bill or a bank statement showing your address.
Axi demo account is a mirror of the real account, but you cannot withdraw any money from the account, and all the virtual deposits will be gone after 30 days. Besides, the Axi in the UK must comply with the European Securities and Markets Authority , which basically limits the offered leverage. All the regulations ensure that clients’ funds remain safe in the segregated fund and provide negative balance protection.
FAQs-The most asked questions about Axi:
It is a well-known company in the online trading community and is regulated by some of the most reputable authorities in the world, such as the Dubai Financial Services Authority . AxiTrader is a STP broker which provides 2 types of account, Standard account and PRO account. Nonsense, as I have made 100s of wire transfers to brokers in Australia. Well, here is my feedback, closing my account and cannot be bothered no more. We’ll take this on board and get back to you once we get an update.
To gather data and review Axi, we’ve tested and assessed an Individual Pro Account. Corporate – A legal entity, such as a company, owns the account. You guys should inform your client when you see that there is an open overnight trade. Their motive is this, you will end up trading with the money they returned and losing it. I have screenshots and chats from them incase anyone wants to take this up especially the regulators. On the Axi website, you may download a variety of free eBooks.
If they do not accept your country, you can look at our broker ratings for an alternative option. We tested it and collected the options and costs in How to withdraw money on Axi. Axi is regulated by multiple authorities globally, including the UK’s FCA and ASIC in Australia. Axi is regulated by a number of top-tier financial authorities. It is a well-established brand but it is not listed on any exchange and it doesn’t hold a banking license.
The fact they are well regulated gives me peace of mind so I can focus on my trading. You can trade a great selection of instruments across multiple asset classes with top class trading conditions. The broker has tight spreads, fast trade execution speeds and low commission fees. In addition to this, you also get a choice of convenient deposit/withdrawal methods, helpful trading tools, educational materials and 24/5 support.
Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world. Axi has made giant strides since its inception in 2007 to become a top 10 global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology. Axi offers a wide range of technical analysis tools, including charts, drawing tools, oscillators, and technical events. Their charts feature a variety of indicators, patterns, and drawing tools to assist in analysing trends. The MetaTrader 4 trading platform includes extended-hours data, standard indicators, patterns and technical events, and drawing tools such as trendlines and Fibonacci retracements.
Axi Minimum Deposit
The account type you opt for will depend on your trading strategy. You can choose from low spreads with a small commission fee or pay no commission but have a spread mark-up instead. You can trade forex with a vast range of major, minor and exotic FX currency pairs with tight spreads, fast execution, flexible leverage and liquidity from 14 of the world’s leading banks.
Hi Ben, thank you so much for taking the time to leave this 4-star review. Whether you have a desktop or mobile, you can trade on any device with the MT4 platform. However, all the variations allow using a wide range of tools. Axi always focuses more on transparency, which means you will know your fees and commissions before placing an order or trade. Its customers can trade with complete trust and transparency since Axi broker is regulated in the UAE by Dubai Financial Services Authority under reference number F003742.
In summary, the Axi broker offers competitive prices and award-winning 24/5 multilingual customer service- one of the best in the market. Additionally, there is no inactivity fee at all, and you are not charged for deposits or withdrawals for the time being. Due to this, the raw spreads on the account are highly competitive, allowing this account to charge a high commission.
Hi Ankit, thank you for taking the time to leave us a review. After verifying your account, we could not find any records of a withdrawal request. My accounts manager reached out to me and was efficient to resolve the issue I was facing on my account!
The minimum deposit is just $1 or there is an option for a demo account if you want to start trading risk free. It has no hidden fees, no withdrawal, and a deposit fee as well. The company does not charge an inactivity fee and promotes simple and fast execution.
- The Pro Account is designed for more experienced investors and offers additional features such as commission-free trading, a minimum deposit of $1000, and access to advanced charting features.
- But recently, I conclude to stay with axi due to their faithfulness and timely service delivery.
- Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager.
If you want to register and open an account with Axi, the setup process is completely digital and easy to navigate. However, it can take some time for your account to become accessible. In this instance, it was two business days until our account was available to use. If yes, kindly send the account number with the inactivity fee to , and our Client Services Team will check it for you.
Axi provides the education service of the new traders as well as experienced traders. This tool features forex education and teaches another trading. The education materials are videos, tutorials, tools, ebooks, tips, etc.
Axi Affiliate Program
If you want higher leverage then you would need to look at the international brand. Operating with integrity, honesty, trust and transparency is of the upmost importance. They are always looking to improve their services in order to stay up to date with the latest innovative technologies and continue to deliver excellent customer support. You even get a dedicated account manager that is available to assist you in reaching your financial goals. On the plus side, forex fees are low, and deposits and withdrawals are free of charge.
Unfortunately, some articles are available only through the Australian and UK websites. If you are on the international website, you will only be able to access forex market analysis news and educational pieces. Also, the quantity of news differ from language to language – for example, news in Spanish only seems to be updated once a month.
Axi MT4 has the benefit of having invested in co-located servers and fibre optics for speedier trading. Axi’s mobile CFD trading platform is provided by MetaTrader 4. It also offers users advanced technical analysis, tools and charts. You can use it on Android and iOS smartphones as well as the web version for your laptop.
Test of the Axi trading platform
You can get better analysis and reporting by the use of an automated trade journal that automatically records your trading activity. This platform allows you to enter and exit trades faster and apply complex order types with speed. It has as well as a session map that shows the world’s market opening and closing times. The Axi blog also features high-quality axi forex broker educational articles, and I can only recommend that traders of all levels take a look, as there is plenty of thought-provoking content. Five eBooks are also available free of charge, but Axi asks for a name, country, phone number, and e-mail address. They are required for opening an account, and therefore not an obstacle to new clients.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Traders need to recognize that there is great risk involved with trading financial instruments and this level of risk is not suited for all traders. The Axi affiliate program gives traders the opportunity to refer their customers to Axi in exchange for a commission. Traders can earn up to $1000 USD CPA per qualified client, plus a 10% commission on Sub-Affiliate earnings if they become a Master Affiliate.
Overall, Axi are one of the most impressive brokers I have come across. They standout in so many areas, especially when it comes to market analysis, education and customer support. I find them to be a reliable broker and like that I can get easy access to trade the markets on user-friendly platforms and apps. However, I would like to see them add the MetaTrader 5 platform.
You can deposit any amount you choose with Axi because there are no minimum requirements. However, even if you are trading with brokers with a low minimum deposit, many experts recommend adding between $100 to $200 to your trading https://forexarena.net/ account to ensure you get the most out of it. When deciding what broker to use, you would do well to start with a demo account. This way, you can learn about the broker and trade with virtual funds without any obligation or risk.