They are the NAS100, SPX500, and EU50, perfect for lower risk trading. Axi is a CFDs broker, every asset listed on the platform is offered in CFDs. Here is a detailed look at exactly which markets are offered for trading by the broker.
The demo account at Axitrader is free and traders only need to provide some basic information like name, email, and phone number to open the demo account. It allows trading on all the available instruments with virtual currency that can be chosen by the trader. Overall, we found AxiTrader to be cost-effective compared with several other FCA-regulated forex and CFD brokers in the UK. Do note that Axi doesn’t charge any deposit or withdrawal fees, but inactive users need to pay $10 to resume trading. This forex broker charges $10 for service resumption after the one-year period. Another aspect of Axi’s fee structure is the 3% overhead or fee that is charged for bank transfer deposits exceeding $50,000.
With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.
There is no lower limit on minimum deposit as traders can deposit as low as $1 through their preferred method of investment.
Lastly, AxiTrader is still unavailable to large markets in regions such as the United States and Canada.
Axi is a top global broker trusted by thousands of customers in 100+ countries for its innovative, customer-focused approach and competitive fees and spreads.
Overall, the broker covers the most demanding markets to trade, also UK residents can benefit from the Spread Bet option.
This account type has no minimum deposit at all and provides an excellent and highly competitive spread for you to start trading of just 0.4 pips with no additional commission. An Axi demo account is offered, though this account is only valid for 30 days of trading. You can though open another demo account easily with just some basic information such as your name, country, and a valid email address. They are a top choice for low spreads, fast execution, trading platform choice, and no minimum deposit. Although no direct social or copy trading is available, they do allow algo-trading, scalping, hedging and offer a list of great VPS though have a limited range of 130 assets to trade. As an established international group of companies, AxiTrader provides financial products focused on foreign exchange, primarily for retail investors.
AxiTrader Australia Review 2023
No commission or currency conversion fee will be applicable to Australian clients at AxiTrader. AxiTrader is an ASIC regulated forex broker that allows trading on CFD instruments through MT4 trading platform. Check all the pros and cons of Axi in the UK before opening your account at Axi. The standard account had no commission and spreads start at 0.4 pips. The pro account has a $7 round trip (USD) commission, and spreads from 0.0 pips. In terms of educational material and trading resources Axitrader offers a selection of free webinars, video tutorials and eBooks as well as a standard economic calendar.
For countries like China, Thailand, Vietnam, Brazil, and more, Axi supports a wide range of Internet banking options for deposits. For withdrawals, bank transfers work fine, more so as Axi doesn’t charge any withdrawal fee. One of Axi’s more underrated features is the Copy Trading functionality.
How Are Execution, Leverage And Position Sizing With Axi?
Moreover, for those traders who trade more than 20 lots per calendar month, Axi will credit your account with $34.99 which can be used to pay for hosting. If you are the axitrader review kind of person who likes to bounce ideas off other traders then you may appreciate Zulutrade. This is the world’s leading online and mobile Social Trading platform.
For Neteller clients would need to ensure the account corresponds to the one registered with AxiTrader. All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds. I can highly recommend Axi, particularly the unit operating out of St. Vincent and the Grenadines, due to it. With language availability, there are more than 10 languages that you can access through the broker website.
Trading Platform
The payment method employed for funding your account might also incur a fee. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget. Please be aware that trading in financial assets with Axitrader carries a risk of loss. Axitrader trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools.
However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link. Please be aware that Axitrader does not currently support the MetaTrader 5 (MT5) trading platform. However, if you’re looking for a broker that does offer https://broker-review.org/ MT5, you can check out our list of recommended brokers available through the provided link. You should take the security of your personal information seriously and check SSL encryption is enabled on the Axitrader trading platform to protect you on PC and mobile Axitrader platforms.
AxiTrader offers a low minimum deposit amount, a demo account to test them out before committing, and they are perfect new traders by providing the Copy Trade platform. They have a solid reputation among traders to their dedication to transparency, legal compliance, and client happiness. With no minimum deposit outside of its Australian brand, AxiTrader can cater to a wide audience, yet the lack of an active trader offering puts it at a disadvantage when catering to high volume traders. Beginner traders have access to a well-presented educational portal, and I think the PsyQuation trading analytics platform represents the best tool for traders at Axi.
It makes use of some of the most sophisticated algorithms which will analyse your own personal trading style to give you hints and tips about how to improve it. You can also make use of some of the other neat features on Zulutrade including an account management suite that is equipped with advanced risk management tools. For example, “Zuluguard” is a risk management tool that will protect you from extreme volatility. This allows you to follow the trading strategies of a group of professional traders. You can also make use of algorithmic strategies that have been developed by these same professionals. Once you have created an account at Duplitrade these signals will be sent directly to your Axi trading account in the MT4 interface.
AxiTrader Profile
Based on the information presented, it is safe to conclude that Axitrader is a secure and safe platform. If you want to look at some Axitrader alternatives that might better fit your needs, we list and compare some of the best Axitrader alternatives further down this Axitrader review. Remember, Axitrader needs to be your partner in your trading journey. There are of course some areas for improvement as it relates to their asset coverage and educational material. However, these are relatively easy to rectify and it is possible that with enough requests, they could include them. Hence, if you already have an account with one of these providers then you can link up your account with them.
What Are AxiTrader Account Trading Conditions?
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Axitrader leverage magnifies both profits and losses in trading. The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Axitrader traders can navigate the platform and find the information they need to make informed trading decisions.
In case you plan on setting up the mobile app, Axi lets you set up the two-factor authentication. This forex and CFD broker also adheres to international regulatory standards — U.K-specific FCA, Australia’s ASIC, and more — making it one of the more trusted platforms around. First, they reach clients with the AxiTrader Affiliate and Referral Program. If you become a Master Affiliate, you can make up to $1000 USD CPA per qualified client and 10% commission on Sub-Affiliate profits. When your recommendations make trades, you are paid through the Axitrader referral program.
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