Axi Review 2023 Scam, Legit or Safe Forex Broker?

axi trading review
axi trading review

On the negative side, the broker offers a narrow range of products, focusing on forex and some CFDs. Axi’s mobile CFD trading platform is provided by MetaTrader 4. It also offers users advanced technical analysis, tools and charts.

In addition to supporting several languages, the official Axi Broker website includes support for MT4 as well. All new and existing clients have dedicated account management and access to customer support 24/5 via telephone, email, and live chat. Toll-free numbers are available in Australia, China, Germany, Hong Kong, Indonesia, Malaysia, New Zealand, Singapore, Spain, Thailand, and the UK. The main benefit of using third-party platforms such as MT4 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker.

What is the minimum deposit for AxiTrader?

To give you a brief summary: Axi (previously known as AxiTrader) is an Australian forex broker, regulated by top-tier authorities such as the UK's FCA and Australia's ASIC. THE ESSENCE: The minimum deposit at Axi is $0.

Customer support is provided via online chat, telephone and email whilst clients get their very own dedicated personal account managers for a more personalised service. With offices in Sydney, London, Dubai and Chisinau, there is always someone from the support team on hand to answer your general or technical questions. They have some of the best customer support you will find anywhere, evident by the numerous awards that they have won.

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You can view real-time pricing, place & manage trades, view account history, monitor positions, customise charts, set alerts and more. This is useful for those who need to access their account whilst on the go from differing locations. MT4 mobile is freely available to download on both Android and iOS via the relevant app stores. Axi UK must comply with the rules of the European Securities and Markets Authority when they are conducting their business. These rules limit the amount of leverage offered to EU clients and the way in which financial services are promoted.

Is Axi Trader regulated?

Yes. Axi is authorised and regulated by the Australian Securities & Investments Commission (ASIC), AFSL number 318232. Axi UK is a trading name of AxiCorp Limited which is registered in England and Wales under registered number 06378544.

Deposit options include Credit/Debit Card, Bank Transfers, Crypto, and Skrill. Axi charges no fees for funding and withdrawals to or from a trading account, up to a value of USD$50,000 per month. Axi Withdrawal requests will be processed within 1-2 business days upon receipt. The MetaTrader 4 trading platform is a key part of AxiTrader’s offering.

How do you withdraw money from Axi?

As a trader, you need to collate some background details and information in addition to conducting an extensive research about the broker. It is also equally important to open a demo account with the broker as that provides you with a better understanding about their services, products and other offerings. This is exactly where you need the services and expert advice of an experienced or professional trader. Someone who is experienced enough to dig into the broker’s offerings and capable enough to determine whether they meet a trader’s expectations or not. This is one of the major reasons why we decided to conduct a review of the AxiTrader. During the review process, we gathered several facts and figures that traders around the world must take into account before opening an account with the broker.

Over the years, AxiTrader has become a sought-after name in the forex trading market. The platform serves as a broker to millions of traders around the world. Traders have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.4 pips, carries costs roughly three times above that and beyond.

Can you trade crypto with Axi broker?

Its user-friendly platform and intuitive features make it easy to use, and its competitive spreads, fees and commissions make it a great choice for all experience levels. 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. Both accounts offer access to competitive spreads, low trading costs, and fast execution. Axi is a low-cost forex broker that offers commission-free trading and competitive spreads.

Axi Broker has developed an identity verification process that is designed to ensure that it is compliant with the regulatory requirements for KYC. However, such claims should be treated with caution to prevent the trap of any fraud lurking behind such unwarranted statements. Besides that, Axi Broker claims to have high security and measures that protect your personal information during the sign-up process. Lmost any method that you use to make a withdrawal will be affected by this.

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Axi explains its products and services well, and I believe most traders will not require assistance. In case of emergencies, Axi customer support is easily accessible. adheres to strict guidelines to preserve editorial integrity to help you axi forex broker make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.

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AxiTrader doesn’t have minimum deposit requirement for all available types of accounts. It is regulated by ASIC , FCA the FSA , DFSA , and a member of the non-government Financial Commission. Insurance up to $1 million by Lloyd’s is available for the accounts larger than $20,000. At the first stage and as a new to trading, you also can open a free 30-day trial Demo account with a virtual cash balance of £50,000 to practice skills and touch a trading process in a “real”.

  • Using the VPS, brokers can provide clients with direct ISP connection to physical hardware.
  • This is one aspect of online trading, which has gained a lot of popularity and prominence in the last few years.
  • All use the MetaTrader trading platform and offer similar products.
  • No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
  • MT4 mobile is freely available to download on both Android and iOS via the relevant app stores.

The firm offers competitive spreads starting from 0.0 pips and spread betting is possible. Axitrader has developed the MetaTrader 4 Platform for traders to enjoy the maximum capacity to trade using the more advanced version of the famous platform in the trading industry. MT4 Pro Account is the account that most professional traders prefer. It also offers raw spreads as low as 0.0, no minimum deposit, no requotes, and instant execution. This account covers the full market and allows you to trade Forex, Commodities, and CFD Indices from a single trading terminal.

We aim to help you find the best broker according to your own needs. Featuring no swap fees or interest payments, this account is the ideal solution for those who are unable to earn or pay interest due to religious beliefs. Simply send support a request and they can switch your account over for you if you follow the Muslim faith. When you trade indices with Axi you trade on the performance and price movements of stocks without actually purchasing physical ownership of an asset. Index trading is popular mainly due to the diversity they offer and flexible leverage. Whether you are brand new to trading or an experienced pro, you’ll find a community of likeminded traders with valuable knowledge to share and help you trade your edge.

Courses are self-paced so you have flexibility to go over lessons as many times as you need. I think it is great that the tutorials are available in 24 languages to cater for the wider community. Most brokers tend to just have English content so this helps set them apart from others. You can trade on multiple variations of the popular MetaTrader trading platform. MT4 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). Whether you prefer to trade on your desktop or whilst on the go, MT4 is compatible with the technology and operating systems you prefer to use.

axi trading review

It is your own personal responsibility to make sure that all age and other relevant requirements are adhered to before registering with a betting operator. There are times in our society when it is difficult to tell the difference between truth and lies due to information overload. The term “overnight fee” is commonly used by brokers and is a charge assessed when a position is held overnight.

How long does Axi withdrawal take?

All requests will be processed within 1-2 business days upon receipt.

The broker offers ECN trading conditions with a minimum deposit of just $1,000 on the Pro Account. The trading spreads on this account type start as low as 0.0 pip on EURUSD plus $7 commissions per full-traded lot. There is also the Standard Account that offers spreads as low as 1.1 pip on EURUSD without trading commissions. Each trader wants to trade with aForex Brokerwho truly understands their needs.Axi is a company founded by traders for traders. The brand claims to be the bestonline brokerchoice for traders.

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In most cases your funds will be available in a matter of hours, however please allow one to three days for bank transfers. Your Axi Account Withdrawal Request has been processed and has been sent to your financial institution. AxiTrader’s Overall Ranking is 7.9 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.

Is Axi trade legit?

Axi Overview

Axi is a trusted brokerage firm that offers its services to over 60'000 traders across 100+ countries worldwide.

Axi Review 2023 Scam, Legit or Safe Forex Broker?

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