Axi Trader Broker Review Forex & Stock Trading at Axi

Since it was created in 2009 it has become an increasingly widely accepted form of international currency, used by everyone from governments to small retail outlets. There is an Autochartist trading community that includes tutorial videos to help you understand how to use and personalise the software. Axi give you FIX API trading solutions with a depth of liquidity and a technological edge to help keep your capital safe. The mini manager has the ability to open/manage positions and use complex order types with more efficiency. This can be a handy tool if you are using a strategy that requires quick entries and exits. The new terminal window has some additional features for managing orders, sending alerts, creating templates, grouping functions together and more.

With this technology, traders can easily access super-fast networks and can handle any high-frequency inflows to scalping. Overall, I found that Axi has some of the lowest overall trading fees available to retail traders. If you want to save a little on commission and still get 0 pip spreads, you can take a look at RoboForex as an alternative option.

• Axi offered markets are not just limited to forex; it also offers CFD, Gold, Silver, Oil, Commodities, Indices, and Cryptocurrencies.
• This spread starts from 0 pips although there is a $7 per round turn commission on forex trading.
• 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.
• Some might get a quick response and exact answer to their query, and others would not get a desired response.
• The broker lags from its competitors in the industry in terms of providing multiple options of trading platforms.
• These are spread across the major, minor and exotic currency pairs.

The broker offers a significant number of forex instruments to trade so if that is what you are looking for, then there should be more than enough. However, I found them to have a limited range of commodities, indices, and cryptos offered to its clients, limiting traders’ options. The broker also does not offer bonds, options, stocks and ETFs to trade, which is a drawback. Despite this, they do offer social trading to somewhat compensate for this drawback.

Risk parameters are flexible and can be set according to your own preferences. I am a huge fan of trading apps, primarily because I am able to check the market prices and how good or bad my trades are doing at any time. It doesn’t matter if I am sat on the sofa or even in bed, I can fire up the app and see what is happening. It is also great for getting notifications as soon as a price level is reached which saves me constantly checking the charts. All services are provided on an execution-only basis and no communication should be construed as a recommendation or opinion to buy, hold or sell any of the financial products issued by Axi. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors.

At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. To help ensure you have more money left to trade with, Axi charges no fees for funding and withdrawals to or from your trading account, up to a value of $50,000 per month.

Withdrawal Methods

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. The table below highlights some of the key broker areas, and the pros and cons in each. Known as a “cryptocurrency”, Bitcoin is a form of digital currency.

• Besides being able to easily understand the pattern of price movements through Autochartist, Axi also provides easy access to sophisticated trading tools under the name of MT4 NexGen.
• 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.
• 2 energies that are, natural gas, and oil, and 2 agricultural commodities in coffee and cocoa.
• I didn’t have any problems during signup and completed it within minutes.
• This policy is bolstered by the availability of ICF insurance for traders in the UK.
• The minimum deposit is just $1 or there is an option for a demo account if you want to start trading risk free.

As a result, it has been seen that Muslims don’t want to invest in forex. To provide trading opportunities to Muslims, Axi has introduced an Islamic trading account, which is a swap-free account and doesn’t incur any interest in trading. Besides, the company also offers traders looking for diversified investments in other assets like gold, silver, oil, and 11 indices. If you choose to use copy trading, Axi provides a list of traders and their statistics. You also have the opportunity to set risk levels to suit your risk tolerance.

Another benefit of Axi’s execution model is direct order filling with no requites. Apart from Forex trading, Axi allows traders to buy and sell over 150 financial instruments across different asset classes. But, 130 financial instruments axi review cannot compare with what its major competitors, such as IG or IC Markets, offer. Also, we found that Axi has a bit limited diversity of asset classes, as it does not offer CFDs on bonds, futures, options, or interest rates.

How do I contact Axi customer support?

Axi is governed by a number of regulatory authorities worldwide, including the FCA in the United Kingdom and ASIC in Australia. On the bright side, forex commissions are cheap, and there is no inactivity fee. Account opening is simple and completely digital, with no minimum deposit requirement, which is fantastic. It only offers FX and CFDs, and its research tools lack suggestions and basic data. You can open an account with Axi and try them if you wish, as they require minimal trading costs with no deposit, withdrawal, or inactivity fees.

Copy-trading with Axi

The number of available assets at just over 130 may be a concern for some experienced traders though the list does include forex, index, commodities, and cryptocurrencies. There is a markets blog where you can read about the latest market news. This section is frequently updated and includes technical and fundamental chart analysis which can help inspire potential trade ideas. I had a browse and managed to find some helpful insights for managing my open positions. Trades from signal providers are placed automatically within your account and can be stopped at any time. You can follow multiple signal providers and do not need to be at your terminal when trades are placed.

Open a Live Trading Account

A tool like Autochartist helps traders to make more consistent and informed trades. PsyQuation utilises powerful in-built indicators, frequently updated trading signals, extensive forecasting features and high-level quantitative models in order to serve its lofty purpose. Moreover, if you are an experienced trader you can also employ the MT4 trading signals as a way to share your strategies and allow others to copy them if that’s something that interests you. To ensure the safety of their clients’ funds, Axi uses segregated accounts to top tier banks – meaning the funds belonging to clients are held separately from the company’s accounts.

You can also receive custom alert notifications via the app, email or SMS. They give you direct access to the latest market data with multiple liquidity providers (LP’s) from 14 of the world’s largest banks, for live pricing and superior trading conditions. Servers are located close to the exchange in New York, for improved trade execution. Generally speaking, the more liquidity providers a broker has, the better prices you can get. This makes them suitable for all trading strategies, from scalping to day trading and long-term investing. Tradency is a popular algorithm-based platform that provides over 3,000 verified algorithmic strategies.

Axi Review 2023

Axi Academy courses can be accessed using a mobile device or computer from anywhere at any time. Professional traders designed these free interactive online trading courses, which contain textual content, videos, and quizzes, offering traders a variety of learning options. 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 global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology. Axi offers a rather limited selection of around 130 instruments to trade in total.

Pros

All round, this makes for a highly customizable trading experience at Axi. 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. These include markets from around the world in Europe, Asia, and Australia. They are the NAS100, SPX500, and EU50, perfect for lower risk trading. This is a good bonus since many top forex brokers do charge some kind of inactivity fee.