Spreads and fees play a pivotal role in your trading profitability. Axitrader’s approach prioritizes favorable conditions, but it’s crucial to understand that tight spreads can vary based on market conditions. Moreover, while leverage amplifies your potential profits, it also escalates risks. Ensure you are aware of your margin requirements and monitor your positions to protect your axitrader review capital effectively. An important consideration when choosing a broker is the cost of trading, which includes spreads and fees.
What is the Axi minimum deposit?
The course is in video mode and traders have the flexibility to go over lessons as often as they need. AxiTrader is regulated by the Financial Services Authority of St. Vincent and the Grenadines (SVG). This regulatory body oversees financial services in the region, promoting a stable and transparent financial environment for both clients and firms.
Also, it has an economic calendar that alerts you to huge events that enable you to stay on top of the market action. You can get better analysis and reporting by the use of an automated trade journal that automatically records your trading activity. This platform allows you to enter and exit trades faster and apply complex order types with speed. It has as well as a session map that shows the world’s market opening and closing times.
Additionally, we will provide information on other brokers regulated by the FCA. First, you need to complete the application by filling up the form. Second, in order to help protect your account, Axitrader requires verification in the form of sending an ID to confirm your identity.
AXI Withdrawal Methods
Contact us if you’re looking for a reliable stock trading broker, obligation free. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here.
Bonuses and Promotions
Among its key features are low spreads, diverse account types, and robust trading tools, making it an appealing choice for retail and institutional traders alike. The company gives its dedication to delivering the needs of aspiring traders as well as professionals in online trading. It offers its clients the ability to trade indices, commodities, Forex cryptocurrencies, and some CFDs. It has competitive spreads from 0.0 pips and fast execution with minimal slippage. The firm offers as well Forex pairs to trade and spread betting as possible.
We tested the Standard Account with AxiCorp Limited which charges a spread on all tradable instruments. AXI offers a variety of in-house developed market analyses that can be found on the broker’s blog and YouTube channel. Additionally, it incorporates actionable trading ideas and penetrating analyses from Autochartist and Trading Central. AXI has robust research content and several different calendars.
Negative Balance Protection:
- While this is too high for high-precision trading, such as scalping, the broker is totally suitable for day trading.
- The live chat has an instant response, which ‘instant’ means that you will receive a response within 10 minutes.
- Their mobile application is designed to mimic the desktop experience, ensuring you have all the crucial tools you need right at your fingertips.
- Founded in Sydney, Australia in 2007 by traders, Axi has grown into a global brand with 60,000 clients from over 100 countries.
However, compared to newer and sleeker platforms, I find it quite rugged and outdated. As a trader who prioritizes flexible chart scaling, I find MT4’s charting capability too rigid and less effective. According to my findings, AXI’s Standard account offers more competitive fees than the typical STP account. Accordingly, the conditions on its Pro account meet the industry average for most ECN accounts.
Deposit and Withdrawal
- Each trader wants to trade with a Forex Broker who truly understands their needs.
- You must choose a trader to copy, then define your boundaries and begin copying.
- The mobile trading platform of AxiTrader lets you enjoy trading wherever you want, whenever you want.
- These regulations ensure strict compliance with industry standards and provide protection for client funds.
- As an algorithmic trader, I appreciate API trading at Axi, as it allows me to connect advanced trading solutions to the Axi trading environment, and VPS hosting is also available.
- Your trading experience with Axitrader is significantly influenced by its platform usability.
Third and last, fund your account with any amount you want, as Axi does not require any minimum deposit, and you can go ahead and start trading. Any type of trader would want to be able to trade anywhere and whenever they want. AxiTrader lets you enjoy trading wherever you are whenever you want with its mobile trading.
I have compiled the table below to help you better understand the difference between the trading fees of AXI’s two retail account types and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. Axi offers Forex traders a well-regulated, trustworthy, and competitive trading environment. Some industry publications place it among the Top 10 Forex brokers by trading volume. Axi processes withdrawal requests within one to two hours, ensuring traders get swift access to their capital without complications. There are no internal fees, but third-party processor costs apply.
This is also something to look forward to when trading with AxiTrader. With this app, you can keep a close eye on the action by monitoring live orders. It has a real-time charting feature that allows you to choose how you would like to view data. It is also customizable and gives you updates on the latest market development news.
I also appreciated AXI’s strict Client Categorization policy, which is applied during account creation and used to determine the best services for each trader. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. I rated AXI to be a good choice for day traders and casual traders thanks to no minimum deposit and a variety of insightful educational materials.
You need to give this info when you open account, but it’s no big deal for new clients. Aside from bank transfers, you can use credit or debit cards, broker-to-broker transfers, various electronic wallets, and even cryptocurrencies to deposit money into your Axi account. Axi’s educational articles are grouped according to the relevant trading topics making it easy for traders to find information on specific topics.