AXI Trader Review

Some industry publications place it among the Top 10 Forex brokers by trading volume. While Axi does not offer deposit bonuses, it presently maintains two promotions for affiliates. Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy. I also believe that the trading conditions at Axi are better than any deposit bonus and the absence of it non-essential. The Axi blog also features high-quality educational articles, and I can only recommend that traders of all levels take a look, as there is plenty of thought-provoking content.

• AxiTrader is authorized and supervised by the 2 key regulatory bodies, the Financial Conduct Authority and the ASIC.
• This may impact how, where and which companies / services we review and write about.
• Then the Axi affiliate program is where you can earn up to USD 1,000 in commission per each qualified client.
• Axi is regulated by multiple authorities globally, including the UK’s FCA and ASIC in Australia.
• This practice eliminates the misconception that new accounts lose money when trading forex.

This means that when you open a forex position , it will do so as fast as possible. The standard major, minor, and exotic pairs are included in their forex. Axi is a global online broker offering trading platforms for share CFDs, forex, crypto, gold & more. Never ever use this broker, no matter how they sell their offers to you.

Is It Safe to Trade with Axi?

There are tons of companies online that are selling your information. Data brokers create shadow profiles on you that https://forexarena.net/ include a scary amount of personal details. These details are sold to third parties and are then used by scammers.

Traders can monitor their trade and take entries immediately with mobile devices. Get our newsletter with inspiration on the latest trends, projects and much more. There are numerous ways to withdraw from Axi, including Skrill, Debit and credit cards, POLi, Bank transfers, Fasa Pay, Neteller, Crypto, and Skrill.

AxiTrader competition to identify Middle East

These charges are roughly in line with the industry standard and are more competitive than those offered by some other brokers. The platform has been tweaked so that it is easy to navigate; trades can be completed quickly and easily. Comprehensive education material ensures that even new traders have access to everything they need to know to get started. No unfortunately USA forex traders not permitted unless with USA forex broker.

Our experts find AxiTrader a reliable broker since it’s regulated by good regulations from top-tier FCA and ASIC. AxiTrader provides a range of trading platforms, and various funding methods, with average spreads and excellent customer support. We noticed that Axi has low forex fees, and deposits and withdrawals are free of charge.

This information collection process is outsourced to Autochartist or PsyQuation Premium. It allows the users to access the software’s benefits in running the server component and the client features. The client software sees the live streaming prices of forex currency pairs and displays their trend charts. It suggests insights to place orders and manage investments of its users. AxiTrader has an end-to-end solution for its trading services.

I don’t need to watch charts all day if I can set Autochartist to do all of the leg work on my behalf. It can execute multiple blocks of orders on all accounts that are operating under a master account with 6 allocation methods and all order types accepted. The MAM is only available to approved and regulated operators of discretionary accounts or managed investment schemes. Whilst this can be a good hands-off solution for those who do not have the time or knowledge to trade by themselves, I find the signals to be hit and miss. I would much prefer to use my own strategies as I like to know when and why a position was taken. 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.

With a great reputation, making them an excellent choice for both learning and expert traders. The London-based brand of AxiTrader launched in 2012, and when they expanded by 2015, they had hit $100 billion in monthly volume moved by clients. Once you’re on the Customer Portal, select Withdraw Earnings (on the left-hand corner), select the appropriate withdrawal mode for your account, and then follow the instructions. When using the same asset, Axitrader permits two trades in opposing ways. When you have open Buy and Sell trades in the same asset, you’ll be required to pay half of the usual margin amount. AxiTrader Sample Continuation PatternsOn the other hand, reversal patterns are signal trends when the direction changes.

Webshop Review

They have an award-winning VPN service, protecting your privacy, securing your identity, and preventing third parties from tracking your device. This review and rank of the website are created confidently based on the powerful factors we have on hand, but attention to detail and common sense are required. Overall, Axi can be summarised as a trustworthy broker that is regulated by two tier-1 regulators and one tier-2 regulator . The applicant will be required to complete a simple application form and confirm their identification. Once the application has been approved, the account holder will be able to fund their account.

Axi Broker accepts clients from all over the world, with the exception of the USA, Israel, Iran and some countries where restrictions apply. Dubai operations are regulated by DFSA, whilst Axi users in New Zealand benefit from regulation under FMA . The app can be downloaded from the site and enables traders to operate in the same manner as they would on the larger screen. Predominantly a MetaTrader broker, and rebranding from ‘AxiTrader’ – Axi now specializes in foreign exchange speculative trade, including Bitcoin, indices, metal, and commodities. Our preferred Forex and CFD’s broker platform and trusted long term partner AXI , is offering to reimburse all new LTTTM members the cost of Nial Fuller’s Professional Forex Trading Course. Create your login via the Axi website, you will be asked for your name, email address, country of residence, phone number, and whether you want an individual, joint or company account.

Axi Review Conclusion: Reputable Broker with Easy-to-use Platform

Their bid-offer spread has been and still is the best in the market as I have experienced. Our account manager, JiaYi, has been very responsive to our enquiries or whenever we ran into any technical issues with our trades. These are the things we look for as full-time traders in the FX market. And to reciprocate, I have personally referred more than 100 clients to Axi and collectively we have more than 300 accounts opened with Axi since 2018. The MetaTrader 4 trading platform is a key part of AxiTrader’s offering.

It does an excellent job of providing auxiliary services, including the Autochartist Plugin and PsyQuation Premium. AxiTrader runs its in-house research to help its users with bankable insights. At the same time, it constructs educational infrastructure to train and upskill traders on new features and strategies.

Axi is also a member of a network that offers additional layers of security. Traders trading with this broker will enjoy direct access to multiple destinations of liquidity in forex markets. The vision of Axi is to keep delivering remarkable trading support and become the world’s leading provider of online foreign exchange trading services. The AxiTrader Education Center is a haven for traders who’re new to trading and wish to garner more information around the basics of forex trading. Their forex trading course is available in a video format, which means traders have all the time and flexibility they need to go through it.

Bonuses and Promotions

Lastly, they also have a referral program where clients can earn up to USD 15 on every traded lot. This is based on 3 points rebate per 1 lot of Silver.fs or XAGUSD on Standard accounts, and each referral trades at least 1 lot Silver.fs or XAGUSD per day special. Axi.com offers their clients negative balance protection as per the Risk Warnings section of their website. It states that if you are classified as a “retail client,” then you are afforded the protection of negative balance. Lastly, you are also able to open up a demo account and trade regardless of what live account you choose to open. However, you should take into consideration that demo accounts are only valid for 30 days.

Customer support is provided via online chat, telephone and email whilst clients get their very own dedicated personal account managers for a more personalised service. With offices in Sydney, London, Dubai and Chisinau, there is always someone from the support team on hand to answer your general or technical questions. They have some of the best customer support you will find anywhere, evident by the numerous awards that they have won. Axi was previously known as AxiTrader before rebranding in 2020. Axi provides five different account types, Standard, Pro, Elite, Islamic Swap-Free, and Risk-Free Demo trading accounts.

Besides competitive trading costs, Axi offers traders the third-party trading analysis platform PsyQuation. It can help traders improve their performance, which axi review I find an excellent tool. Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature.

In terms of offered assets, they can be considered to be an average online broker allowing clients to trade 100+ assets in markets like forex, stocks, commodities, indices, and crypto. However, the time to process deposits and withdrawals takes up to five business days. For security reasons, the account name must match where the AxiTrader deposit originates to where the withdrawal is being made.

MT4 enables traders to develop expert advisors, custom indicators, and scripts using the MQL4 programming language, developed by MetaQuotes. Overall, Axi can be summarised as a trustworthy broker that provides Contracts for Difference and low spreads on 100+ trading instruments. Axi is regulated by two tier-1 regulators and one tier-2 regulator .