AxiTrader Review 2023 Updated :Is Axi Trustworthy and Legit?

Enjoy daily access to exclusive expert insights, trend analysis and views on the latest market news, all designed to help build your knowledge and improve your trading skills. Whether you’re learning the fundamentals of Forex, discovering different strategies or looking for expert trading tips, the eBook series can help to improve your knowledge of the markets. It is important to emphasise that signal performances are based on historical performance and there is no guarantee on future performance. If you are looking for a dedicated social trading platform, then eToro would be my top choice. 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.

AxiTrader is divided into 3 accounts – MT4 Standard Account,MT4 Pro Account, and Elite Account.

Is Axi legit features all the key aspects you need to look at to see if a broker is safe and legit. Being regulated by several top-tier financial authorities is a great sign for Axi’s safety. Under ‘Learn to Trade’, you can find seminars and webinars to watch. However, we found that these are only scheduled for certain language pages, with many of them indicating loading errors at the time of the review. You can find the main educational tools under the ‘Learn to Trade’ menu at top of the page. There are educational articles in the ‘Markets Blog’ section as well, which are up-to-date and well-written.

Review of the Mobile Trading (App) by AxiTrader

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This website registers the highest share of AxiTrader users every year. The leverage on known financial instruments multiplies on AxiTrader, just like every other brokerage. The initial capital of trading with AxiTrader can be leveraged to amplify the potential gains smartly. It is axi forex broker important to note that high leverage has an inverse effect as well, where it could work in reverse of the trade. Despite the MetaTrader 4 platform’s limitations, AxiTrader runs excellently for its traders by offering them the most cutting-edge trading tool – PsyQuation Premium.

The application is extremely user-friendly, and numerous world-class trading tools and graphs are available, which makes it ideal for all forex and CFD traders. This is the primary reason why this trading platform is considered safe https://forexarena.net/ as compared to other financial brokers. AxiTrader offers in-depth articles on many trading topics to help traders improve their trading results. Axi provides research tools via the MetaTrader 4 platform’s in-built features.

Deposit and withdrawal

AxiTrader Mobile TradingWith 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.

It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. You can choose from many account base currencies, which can save you conversion costs. Like most competitors, Axi uses the well-known MetaTrader 4 trading platforms, but it offers copy trading and some additional analytical tools for those who like to experiment with their strategies. Demo accounts are available if you wish to test trading conditions and platforms before opening a real account. This can be a great way to familiarise yourself with the trading platforms and practice your trading strategies with virtual funds, risk free. Once you feel confident enough to trade with real money, you can then consider opening a live account.

The broker offering is good but quite narrow and limited to only FX and CFDs. 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”.

It is abundant in features but optimized for lightweight web-based performance and gives comprehensive functionality with added flexibility to trade from any internet browser, on any device. Also, you can definitely use it on your Mac devices and its functionality is incredible and it is user-friendly. You can simply download it completely free from a Mac-based solution. Overall, AxiTrader Platforms are ranked 7.9 out of 10 compared to over 500 other brokers. We consider the platform choice great as MT4 is one of the industry-leading platforms, also the broker offer Autochartist to strengthen your strategies. AxiTrader has also partnered with Beeks FX and offers a discounted rate for Beeks FX VPS hosting.

Beginners can practice trading with a demo account, micro account. Users need to maintain the minimum margin requirements in their accounts. AxiTrader provides negative balance protection for forex spot and CFD trading. This facility is applicable only for customers from the European Union. Axi does not charge other non-trading fees such as account inactivity fees or deposit and withdrawal fees.

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. In terms ofeducational materialand trading resources Axitrader offers a selection of free webinars, video tutorials and eBooks as well as a standard economic calendar. No fees or extra charges apply when utilising these tools and resources. The main difference between the accounts are the spreads, commission and minimum deposit required.

How we ranked fees

AxiTrader has no minimum deposit requirements, you are free to deposit any amount for its standard and PRO accounts. Overall, we found that AxiTrader fees are relatively low or no fees at all. Overall, the broker covers the most demanding markets to trade, also UK residents can benefit from the Spread Bet option. In this case, the client’s funds are safely kept in segregated accounts with top-tier banks and secured by compensation schemes. As well as all online transactions, executions, or traders’ manipulations are fully encrypted and follow operational guidelines.

• Worst forex firm I ever seen, I registered then I could not login again, am wondering system asks for Mt4 credentials while am not able even to login to my dashboard to open mt4 account!!
• Tight spreads and fast execution come as standard on all accounts.
• The broker has market-competitive spreads across a wide range of commodities, currencies, and indices.
• The trading platform provides many powerful and unique indicators, quantitative models that are at an institutional grade level and trading signals that are updated frequently.

A live chat can also cover some training topics wherein an expert answers the questions and satisfies them. Besides the live chat feature, an FAQ section educates the clients with reliable answers and improves their trading experience. Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation Premium tool.

We opened a standard account with AxiCorp Limited, which is regulated by the UK’s FCA. We tested the entire process when opening our account, and it was fully digital. We consider the FCA regulation to be the best since it provides compensation of up to £85,000 in case the broker goes bankrupt.

Axi withdrawal fees and options

It offers in-depth articles on various trading topics to help and support traders improve their trading results. Another advantage is that the broker groups the education material according to certain topics, to help both beginner and professional traders find the information they need easier. IC Markets is one of Australia’s leading Forex brokers with a very strong offering and excellent trading conditions.

Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. Axi offers a comprehensive instructional program, which makes it a great alternative for new traders.

In order to have better trading results, you need to keep on track of the markets as well as your position. The mobile trading platform of AxiTrader lets you enjoy trading wherever you want, whenever you want. You can simply download it from GooglePlay or AppStore and start trading. AxiTrader Regulation, Financial Security, and Customer SupportTrade more than 6,000 markets without commissions and professional platforms.

Axi holds a comprehensive Client Money Insurance policy that provides retail clients with protection up to US$1,000,000. This insurance coverage comes at no additional cost and automatically applies to all retail accounts with balances above US$20,000. You can set alerts and notifications to be received via mobile,but only on the desktop trading platform. It would be much easier if you could set these notifications on the mobile trading platform itself. Forex fees at Axi are low.For Pro accounts, there’s a commission of $3.50 per trade and a low spread cost.

This is also something to look forward to when trading with AxiTrader. When combined together, this can be a powerful edge to get better trades in trading. AxiTrader offers free educational material such as ebooks, blogs, webinars, seminars, and articles that can help you to learn and know about how charting and technical analysis are used in trading.