This website registers the highest share of AxiTrader users every year. AxiTrader offers multiple ways of adding or withdrawing money from the account. The supported methods of payment include wire transfer, MoneyBookers, Neteller, skrill, and bPay. Funds can be added to an AxiTrader account via these payment options. Selected companies also have the privilege to allow broker-to-broker transfers where a user can transfer their funds from one account to another within the AxiTrader brokerage. The leverage on known financial instruments multiplies on AxiTrader, just like every other brokerage.
Who is the Most Trusted Forex broker?
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Also, the availability of some assets depends on the jurisdiction in which traders are registered. 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”. The traders that follow Muslim Sharia rules are entitled to open a Swap Free Account that is not subject to Swap Fees on FX Major, FX Minor, and Precious Metals Symbols. AxiTrader Leverage as a regulated broker in various jurisdictions complies to provide different trading conditions according to regulatory obligations set. For the negative points, the range of the instrument is narrow and limited to Forex and CFDs.
If your bank still cannot trace the funds, then we can ask the Settlements Team to recall the funds. I require that the amount be deposited in full, in this case, that the US$50.00 that this broker tries to earn illicitly be deposited.
Is Axi Safe?
We were impressed to find that both Axi’s minimum deposits and ongoing trading costs are significantly lower than most other brokers. Axi’s range of financial instruments to trade is smaller than most other brokers, but we were pleased to find that it recently added a range of share CFDs to its offering. No matter which entity British traders choose, Axi segregates its client funds from its operational funds at top-tier banks and issues monthly statements to its clients. However, Axi clients that are onboarded through the SVG FSA will not have negative balance protection.
Axi has a large range of funding methods, including those in GBP. It also charges no fees for deposits or withdrawals via any method, a rare feature amongst Forex brokers. There are no confirmed negative data about the broker in the network.
During the London-New York overlap session, I received a 1.1 pip spread for the EUR/USD or $11 per 1.0 standard lot. It is an above-average trading cost, and I recommend traders avoid it. The commission-based Axi account delivers as advertised, with raw spreads of 0.0 pips for a commission of $7.00 per round lot, which resembles a competitive pricing environment. AxiTrader lets the traders keep their trading costs relatively low compared to other top forex brokers in the market. This way, if new trader accounts lose money, their loss is insignificant and can be recouped easily.
Is Axi a good broker?
Many retail investor accounts lose money when trading CFDs. AxiTrader is a recognised and respected online FX and CFD broker offering high quality trading service and technology to retail and institutional traders worldwide. AxiTrader launched in Sydney, Australia in 2007 as the flagship brand within the AxiCorp group of companies. From a two person startup it has grown to become a well-regarded name in the industry, with nine offices worldwide servicing tens of thousands of clients in more than 150 countries.
They are regulated by respected agencies like FCA, ASIC, and DFSA. With all of these requirements and compliance measures, safety is ensured. The best part is that the broker manages everything well that you won’t need support most of the time. With Autochartist, you can enjoy pattern recognition in charts, speedier analysis, flexibility in trading, and timely alerts.
You should seek independent financial advice prior to acquiring a financial product. All securities and financial products or instruments transactions involve risks. Please remember that past performance results are not necessarily indicative of future results. This investigation took me three months, and I was pleasantly surprised by the results. AxiTrader not only deliver on spreads and execution, but they are trustworthy and go above and beyond when it comes to customer service. Hello everyone it is possible to retrieve your stolen bitcoins.
Education and resources
TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. If we look at how many brokers do not have a bonus policy recently, we can conclude that there is a no-bonus trend taking over te industry. Unfortunately, AXITrader is also one those brokers who do not have any bonuses at their disposal to cheer up their clients from https://forexbroker-listing.com/ time to time. Promotions are also not AXITrader’s cup of tea, except for the special Refer a Friend promotion which can earn you 130 GBP. If you register with this broker, be prepared never to get any extra trading bonuses. Bonuses are important to traders, but they still put security over the bonus policy which means that this reliable broker can probably get away with this shortage.
ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. In other words, PRO account is an equivalent of ECN account. Trading on AxiTrader Standard account, you only need to pay for the spread, which is the difference between the buy and sell price. Hi Ricardo, please note that the difference in the amount is due to bank fees which Axi does not have control over.
- Since Axi has an exceptional reputation, I do not view this as an issue.
- The second checkwas to see what credible industry reports said about the company.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of letting your accounts lose money through CFD trading.
Our experts found that AxiTraders spreads are average and low. With AxiTrader you’ll be able to keep your trading costs quite low, as the broker shows market-competitive spreads across a wide range of currencies, commodities, and indices . During liquid times the spreads may go as low as 0.0 pips, and the broker truly adheres to ensure costs at the most competitive available.
I was scammed twice before by fake recovery company who said they could help but didn’t. The leverage depends on the user’s geographical region as well as on the AxiTrader branch that will regulate the user’s registered account. Client support can be reached via email, phone call, or live chat.
Most of the research you would have to do is done by the Autochartist plugin and PsyQuation Premium tools. If you need more tools to do your research, you can look through the market analysis section of the AxiTrader website. Some of the tools found on AxiTrader’s PsyQuation premium include the Order Flow Sentiment Indicator. That tool is not even comparable to the AI-guided analysis, which is the biggest reason why PsyQuation Premium works so well. The other advantage is that you will get faster trade execution on a VPS system than on conventional systems. By reducing the latency, AxiTrader allows you to make the best of your time and money, so you always have the edge.
It is highly transparent with its operations, winning awards recurring for its services in the market. Most clients get the chance to have their account in their choice of base currency from AUD, USD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, or CAD and deposit funds. AxiTrader has no minimum deposit requirements, & every user is free to deposit any amount in the account. An online trading course by AxiTrader is available for new traders, giving them access to all the tools that train them in becoming a better trader. This AxiTrader review finds the training aspect of the software quite impressive.
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
Is Axitrader an Ecn Broker?
Yes, Axitrader is an Ecn Broker.
Axi accepts traders from the UK and South Africa and has an office in each. Traders from Malaysia, Singapore, and Canada may also open accounts at Axi, but US traders cannot trade at Axi. Axi offers bank wires, credit/debit cards, POLi, FasaPay, Sofort, GiroPay, iDEAL, Neteller, Bitcoin, Skrill, Boleto, Global Collect, and 17 regional online banking solutions.
I can’t withdraw from Axi
It quickly made a name for itself and gained an international presence. Axi is recognized by many investors for its product market coverage and the tools offered to assist clients with the implementation of their trading strategies. Moreover, the broker doesn’t distract the customer with lots of account types and unnecessary frills. 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.
Is AxiTrader a regulated broker?
Being a heavily-regulated broker, AxiTrader is widely considered safe. In 2020, the broker is compliant with several top-tier authorities.
In order for us to investigate this matter, may we please ask you to provide us with your full name, email address, or account number registered? We’ll take this on board and get back to you once we get an update. Overall its a good broker with good customer service and security. Hi Marcel, thank you for taking the time to leave us a review. Our team is already conducting an investigation about this matter and we believe that you are already in contact with one of our representative who’s assisting you in resolving your concern. My accounts manager reached out to me and was efficient to resolve the issue I was facing on my account!
AxiTrader provides negative balance protection for forex spot and CFD trading. This facility is applicable only for customers from the European Union. As for education, we found that AxiTrader offers a good choice of educational materials including a huge choice of more than 60 video tutorials. The broker also offers video tutorials on MT4 trading as well, and multiple articles and eBooks regarding Crypto trading and both forex and stock markets to keep clients up to date. The broker also presents its Axi Academy educational portals with a great variety of free learning courses. Axi offers a well-rounded educational program, making it a good choice for beginner traders.
Tight spreads and fast execution + Servers based in New York. AxiTrader are a licensed broker in Australia – I cannot imagine how they could NOT withdraw your funds and still keep their license. This largely depends on your financial situation, objectives and needs and therefore would be classified as personal advice. I am only licensed to provide general advice and therefore cannot help you make this decision – it’s entirely up to you.
I contacted their chat fully expecting, here are the bank details, please make your deposit, like every other broker in the world. However, here is their reply, “These are subject to regulatory standards and as per our company policy, deposit methods available will always be based on your country of residence. Trading Forex is risky, and each broker is required to detail how risky the trading o offering of the broker, and the trading conditions offered to clients, which are summarised in this review.
AxiTrader may not have the best platform provisions, but they have unique features that make them a good choice to trade with. MT4 is only a great software when it has access to all the great plugins, extensions, and other third-party tools that open up a new world of possibilities for traders. All withdrawals will be processed within 1-2 business days upon receipt. Withdrawal duration is varied depending on the withdrawal method. AxiTrader account can be funded by several options including Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY.