Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading. Keep in mind that although they do not charge any funding fees, there may be some third-party fees when using certain payment methods.
Support
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. Axi UK must comply with the rules of the European Securities and Markets Authority (ESMA) 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.
Deposit issues
If you do need a FIX API, I would compare this solution to what you can get with Valutrades. I personally prefer the MT4 desktop platform as it has all of the features and functionalities. I actually run multiple instances of the MT4 platform to try out systems on different brokers. You shouldn’t have any problems opening charts, loading indicators, setting alerts, entering and managing positions. Axi’s customer service is easily accessible through multiple channels, including live chat, email, and phone. The availability of support in different languages is also a significant advantage.
Alternative Brokers
Just done a withdrawal and waiting to see how that goes and how long it takes. But ill be back in a month or so to do another review on how I get on. Our review confirms that Axi is a trustworthy broker, backed by authorization from Australia’s ASIC and not publicly traded. With a trust score of 81, Axi is considered reliable, falling into the ‘Trusted’ category according to ForexBrokers.com. There are two Axi account types that impact the fx broker costs when trading with Axi.
- This account is designed for intermediate forex traders looking to minimise spreads when trading.
- It is also great for getting notifications as soon as a price level is reached which saves me constantly checking the charts.
- You can follow multiple signal providers and do not need to be at your terminal when trades are placed.
- There are two Axi account types that impact the fx broker costs when trading with Axi.
They answer my question about account…
They have a great selection with something for everyone to trade. You will find stocks of the largest companies, popular cryptos and major currency pairs. For traders of any experience level, Axi represents one of the most reliable options around. A wide variety of CFDs are available, though the addition of instruments like shares would help increase the value of the ecosystem. Save yourself time, money and stress of dealing with this broker. A crypto transaction with verifiable transaction hash on the blockchain?
Yes, you can start with a Standard account at Axi and upgrade to a Pro account later if your trading requirements alter. With the available videos education, it didn’t take long to get acquainted with the functions and order placement. Just hope Axi can improve the charting to be able to see the high/low readings of individual candle bar.
You can get it for free when you open a live account and deposit a minimum of at least $1,000. The MT4 mobile platform allows you to seamlessly connect your mobile device to the trading platform. 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.
These are the ECN instant trade order and Non-Dealing desk execution. This forex platform is the most popular globally based on its functionality, ease-of-use and automated trading. Based on solely MT4 Compare Forex Brokers found Axi offered the best forex platform offering.
Such a shame this broker is a shady one.If deposit can be like this then I wonder if I’ll be able to ever withdraw funds if i earned profits from trading on this broker. Return my money and close my account as I’m not interested in continuing with this kind of company that does this kind of unethical practices. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Axi does lack a few CFD trading services such as stockbroking and Shares CFD services. This means that you will need to find a share trader provider in addition to Axi as your CFDs provider.
The absence of information on average spread costs for the EUR/USD pair indicates a potential area for improvement in transparency. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along axi review your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. Eligible Axi clients get complimentary access to top online trading courses from the London Stock Exchange-accredited Knightsbridge Trading Academy.
Axi stands out as a powerful forex and CFD broker that serves a diverse range of traders, from beginners to seasoned pros. Executing trades and opening and closing positions is uncomplicated, and with the windows and buttons making it straightforward, you can successfully place trades several different ways. It should also be noted that deposit and withdrawal options are easy to find on the Axi client portal and moving money around https://forexarena.net/ the ecosystem is generally streamlined and stress-free. I have been trading with Axi…good broker..fast execution…deposit has been easy…not yet try withdrawal…should be fine i guess… Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
Axi supports more languages than the competitors, but the client support is better with TMGM and Pepperstone. As an Axi trader, you can access a range of commodities, currencies, cryptocurrencies and indices. The company offers generous leverage meaning that you can make substantial profits, but losses can also be magnified, and you will still have to pay back the borrowed amount. Research the best forex trading software before you risk your money. You can open a Live trading account at Axi with a minimum deposit of $500. Axi also offers a free demo account that allows you to hone your skills and trade risk-free with $50,000 USD in virtual currency.
Traders can choose a major base currency for their account from the AUD, USD, JPY to Euro. Deposit options for client funds include bank transfer, credit card, MasterCard, Skrill, BPAY, China UnionPay, bank wire transfer, MoneyBookers to Neteller can be used. For people having AUS bank accounts, the withdrawals do not attract any type of commission. However, the broker can charge anywhere between 15 and 25 dollars for people having international bank accounts. All the deposits are processed instantly while the withdrawals can take up to 5 days to settle. Axi have an education centre with free training for all levels of traders that covers a range of basic, intermediate and advanced subjects.
Their trading platforms extend MAC and Windows PC and mobile trading tools like smartphone devices such as the iPhone and Android phones and iPad and Android. Traders can make use of the Autochartist and Myfxbook Autotrade, which is a social-based trade community. Registered traders can use Myfxbook to connect with their accounts and follow the trades of experienced forex traders. The educational centre offers chart tools that provide concise information on various commodities, equity indices and currency pairs.