Both Standard and Pro accounts require no minimum deposit to enjoy Axi’s trading experience and highly competitive spreads. Though some specific features do require a minimum balance ($1,000 for Autochartist and $5,000 for Duplitrade plugin privileges for example), all traders will access the vast majority of Axi features without limitation. 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. Its operation in two of the most strictly-regulated financial jurisdictions allows customers to be extra confident that the market-maker is taking all steps necessary to provide a dependable experience, and it does. Axi is characterized by consistent uptime and remains a stable environment even for algorithmic traders, who depend on uninterrupted connectivity and minimal lag time.
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Excellent service to answer all my questions and great patience to clarify all my confusions at the end. 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.
The right trading tools for the job
Despite its strengths, Axi has a somewhat underwhelming aggregate score on Trustpilot, achieving 3.5 out of 5 stars based on 1,489 consumer reviews. As many as 72% of all reviewers are satisfied with the broker’s services, assigning 5-star ratings. Only 13% of the consumers left 1-star Trustpilot reviews for Axi. Protect your trading account and funds by taking some important precautions.
Company Information
It is also known as ‘markup’ and can also be explained as the cost of trading. The benefit of trading on the foreign exchange is that spread costs are generally very low but it’s always good to shop around to find the lowest spreads. When you trade cryptocurrency CFDs with Axi, you don’t have to invest directly in the product. Instead, you’re simply trading on the real-time price movements in the market.
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Retail Clients of AxiCorp Financial Services Pty Ltd are given the added protection of negative balance protection. This means that you cannot lose more than the amount of money invested with us. Investing in CFDs does not provide any entitlement, right or obligation to the underlying financial asset. AxiTrader Limited is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. When you have a standard forex trading account with Axi, you will not be charged fees or commissions and you can use your account as much or as little as you like. Once you have opened an Axi trading account and are ready to trade forex online, you can deposit funds via credit card or bank transfer.
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Axi offers very raw spreads, fair commission fees, and there are no additional fees on top of overnight financing charges. Also, there are no non-trading costs, which is a beneficial feature for traders. Axi is a reputable online Forex and CFD broker that offers a wide range of trading instruments across multiple asset classes, including currencies, commodities, indices, equities, and others. The broker offers some of the best trading conditions to beginners and experienced traders, as well as high volume traders.
The FCA and ASIC are top-tier regulatory authorities that provide traders with the assurance that a company is fully transparent and ethical in its business dealings. Tier 1 regulation also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks. This way, the risk of fraudulent behavior by the brokerage is kept at a minimum.
However, as with many brokers, you should be aware that there may be charges from the payment providers, which are beyond Axi’s control. Backed with the reliable MT4 trading platform, Axi offers you the confidence that your trade will be delivered at a very fast speed.Axi offers a reliable ECN execution of trade orders with no dealing desk intervention. An ECN model of operation boosts client trust and allows for breakneck execution speeds. For more than a decade, Axi has built strong relationships with top liquidity providers around the world. The broker can deliver you a more reliable trading service with better pricing and faster execution speeds thanks to these trusted partnerships.
Get free access to advanced trading tools, like Autochartist, to make better trade decisions. Enjoy the assurance of trading with a licensed and regulated, top 10 global broker. To help give you a sharper trading edge, our pricing engine directly connects with 20+ top liquidity sources. When combined with our superior network technology, this allows us to offer lower pricing that’s delivered faster, refreshes faster and experiences fewer outages. A CFD is a contract between traders where the buyer pays the seller the difference between the current asset value and the value of the asset when the contract closes. Information contained on this website is of a general nature only.
- The educational resources and the practice and copy trade functions mean to give the user plenty of options for learning to trade.
- Axi offers very raw spreads, fair commission fees, and there are no additional fees on top of overnight financing charges.
- If you choose copy trading, Axi provides a list of traders and their statistics.
- For instance, international transfers may take between 2 – 5 days.
Currently, there are no deposit bonuses available with this brokerage. But we may not give Axi a 100% pass mark overall on fees since their commission fees of $7 per round turn are high compared to some of their competitors, such https://forexarena.net/ as Fusion Markets. A Swap Rate is defined as an overnight or rollover interest (that is earned or paid) for holding positions overnight in foreign exchange trading. Use of our wide range of account types to test your strategies.
While all trading carries an inherent risk, as a transparent and trusted broker we try to ensure all our clients have as much protection as possible. We encourage all traders to consider the benefits of using a range of these protective measures in their day to day trading. We want you to succeed as a trader, so we use our experience and expertise to ensure you have access to top educational resources designed to improve your trading knowledge and help find an edge. If you set up a Pro account for online forex trading, you will be charged a small commission of USD$3.50 per lot ($7 round trip) in conjunction with having lower spreads. Axi allows traders to trade mini and micro lots as well as standard lots. Bullion Spot CFDs are also accessible against other quote currencies, such as the Australian dollar, Swiss franc, Euro, and British pound.
Sudden position closuresDue to volatile markets and the need to ensure sufficient margin is maintained in your account, it’s vital to keep an eye on your bottom line. If you don’t have enough axi forex broker in your account, trades may be closed on your behalf in order to prevent a negative balance. For any times you need to add funds to your account quickly, we make it extremely easy.
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