AXI AxiTrader review 2024 ++ Scam or not? Broker test

It has full market coverage, which allows you to access the full range of trading options, from Forex and Commodities to CFDs and Indices. The platform is customizable, and you can manage your trading dashboard with its flexible charts and tools. MT4 is known to be the world’s number one trading platform for Forex trading.

How Much Are Trading Fees With Axi?

Yes, AxiTrader is an FCA-regulated forex and CFD broker that uses the market maker trade execution techniques. They can take another side of the trade but are well-regulated and transparent and can be considered safe. Although there is a wide range of markets available for trading on MT4 still the number is lesser when compared with other FCA-regulated brokers in the UK.

• Is the platform easy to understand and optimized for mobile devices?
• Simply send support a request and they can switch your account over for you if you follow the Muslim faith.
• There is an Autochartist trading community that includes tutorial videos to help you understand how to use and personalise the software.
• The platform has more than 280,000 users from around the world thanks to its excellent reputation and beginner-friendly platform.

AxiTrader Trade Execution Method

Axitrader is not a fraud but has been recognized repeatedly for its dependability, offering low-risk Forex trading. AxiTrader is authorized and supervised by the 2 key regulatory bodies, the Financial Conduct Authority (UK) and the ASIC. In fact, it won ‘Best MT4 Provider’ in compareforexbrokers.com.au and UK Forex Awards in the year 2018. The mobile trading platform of AxiTrader lets you enjoy trading wherever you want, whenever you want. You can simply download it from GooglePlay (for Android) or AppStore (for iOS) and start trading. You can fund or withdraw from your live account 24/7 anywhere anytime.

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I personally love this tool and think it is one of the best you can find for conducting thorough market analysis. It basically gives you professional market research in an extremely user-friendly way. I don’t need to watch charts all day if I can set Autochartist to do axi review all of the leg work on my behalf. It is important to emphasise that signal performances are based on historical performance and there is no guarantee on future performance. If you are looking for a dedicated social trading platform, then eToro would be my top choice.

Pros and Cons

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. The education section at Axi makes up for the underwhelming research area in many ways.

I also believe that the trading conditions at Axi are better than any deposit bonus and the absence of it non-essential. Here is a screenshot of the Axi MT4 Pro trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. In 2014, an Investment Trends report found https://forexarena.net/ that Axi forex broker had the strongest brand association as being ‘trustworthy’. This was backed up in 2017 when the Investment Trends Australian forex broker report gave it the highest overall client satisfaction. This could be attributed to the CFD broker being Australian owned, with an Australian customer support team.

However, it is quite complex and therefore catered more towards professional traders. If you do need a FIX API, I would compare this solution to what you can get with Valutrades. MT4 NextGen is a more advanced version of the MT4 platform with some additional features including advanced management tools, enhanced ordering and sentiment trading.

Yes, AxiTrader is an FCA-regulated broker with GBP as the base currency. They offer local phone support in the UK and allow free deposits and withdrawals through local bank transfers. MT4 is the only trading platform that allows trading on less than 150 instruments. Hence, AxiTrader might not be ideal for traders who do not want to trade with MT4.

You can choose from the standard or pro accounts that are flexible depending on your individual needs. I appreciate that all of the accounts feature simple and secure funding, advanced trading platforms and powerful tools for finding trading signals. The platform is fully integrated with many tools, services, and connectivity options offered by Axi and provides for the needs of all trader types extremely well. Here you can trade all the available assets including Forex, CFDs, Spread Betting, and Metals. According to our Axi review, this broker offers three types of trading accounts with different features designed for traders with different profiles. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.

Here is a look at some additional products that you may encounter when trading at Axi. An Axi withdrawal typically can take up to two days and there is usually a $5 minimum withdrawal depending on the method you use. At Axi, there are a number of base currencies available for you to select from. These include the AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD.

In order to have better trading results, you need to keep on track of the markets as well as your position. Which includes all the features of a standard account, such as the use of EAs. This platform offers convenience, increased automation, and broadened functionality. Please note that this is only available to approve and regulate operators of discretionary accounts or managed investment schemes. Axi was founded in the year 2007 and was rebranded from AxiTrader to Axi in 2020, with a goal to be the online broker that traders would like to trade with.

All these alternatives are highly reputed and regulated brokers, but they all come with pros and cons. It won an award for being number one for Customer Service in investment Trends year 2013 during Australia FX Report. Also, in the year 2017, it won ‘Highest Overall Client Satisfaction’ in the Investment Trends Australia FX Report.

It didn’t though receive maximum scores simply because competitors such as Pepperstone and IC Markets offer additional platforms. When spreads and fees are compared to other Best Forex Brokers In Australia, the overall result was favourable. This included comparisons to popular currency brokers including Pepperstone and IC Markets. This is because their ‘No Dealing Desk Brokers‘ allows direct trading with liquidity pools, which also enhances execution speeds.

It can also run on almost any device and has over 50 indicators and charting tools in places along with being a very easy to use platform. If you are into algo-trading, then you will also benefit from the availability of EAs here that you can get from the trading community to implement, or code yourself. With Axi, you can withdraw in EUR within Europe, and EUR-USD outside the EU. All of the same methods are available as with the deposit methods including wire transfer, credit/debit cards, eWallets, and many others. With Axi deposit methods, it is first important to note that the USD, AUD, CAD, CHF, EUR, GBP, and SGD are usually supported by every deposit method available here.