However, you cannot withdraw funds back to a credit/debit card even if you funded your account using this method. We registered our account on 1 January 2023 and it was verified on 2 January 2023. Our account was approved after submitting all the required documents. At the time of writing this review, AxTrader does not accept US residents. Residents of US territories such as American Samoa, Guam, Northern Mariana Island, Puerto Rico, and the U.S.
AxiTrader Review 2020: up to 500:1 leverage
- You may need to provide information such as Proof of Identity and Proof of Source of Funds for some types of withdrawals.
- Limit orders will help manage your entry into new positions, and the margin calls provided will ensure your equity never drops below a particular level.
- The number of available assets at just over 130 may be a concern for some experienced traders though the list does include forex, index, commodities, and cryptocurrencies.
- The site navigation is very nice and offers the best graphical user interface, which makes it ideal for all forex traders.
For instance, the broker did not offer their trading services to residents of Congo and Central African Republics, but they do currently. As such, you should check the company policy to see what countries they support at the time of your registration. 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.
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All the deposit methods offered by Axi are instant and free, we did not make a deposit via bank transfer. The registration process took a total of 15 minutes and our account was approved on the next day, which was expected. The broker is regulated by the top-tier UK FCA and the ASIC, which have stringent rules and enforcement mechanisms. They maintain offices in Australia (GMT +11) and Cyprus (GMT +2) and is therefore able to service clients around the globe during business hours 24/5. AxiTrader offers multi-channel funding and also allow broker-to-broker transfers from selected companies. Commissions and fees for an AxiTrader MetaTrader 4 Pro Account are set at a $7 per standard lot round turn but can be reduced depending on trade sizes, frequency and strategy.
What Are Axi Account Types?
The only requirements are name, country, e-mail, phone number, and application type, which took me less than 30 seconds to complete. New accounts require verification, following well-established industry practices. A copy of the ID and one proof of residency documents generally satisfies this step and completes KYC/AML stipulations. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. XTB also provide this service if you are a looking to buy and sell cryptocurrencies. When you trade indices with Axi you trade on the performance and price movements of stocks without actually purchasing physical ownership of an asset.
Final Thoughts – Is AxiTrader a good broker?
The broker is also committed to customer service by responding to consumer complaints and feedbacks within 24 hours, which helps in increasing customer satisfaction. AxiTrader offers traders access to top-notch technology including unique MetaTrader https://traderoom.info/ 4 add-ons, features and tools such as ‘AxiTrader NexGen’. Furthermore, the new PsyQuation Premium platform is available for those traders that are looking for an even more advanced and higher performing trading platform than the standard PsyQuation.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Hi i have tried other platforms and find AXI better due to more choices , even to have different leverage we can apply whuch other platforms dont have it . Overall, the research capabilities of AxiTrader are remarkable, and their combination makes traders make informed decisions at all times. Facilitating these platforms and their rights reserved with AxiTrader make it a key recommendation in the trading community. Without these tools, implementing any trading strategy could render it useless.
Being regulated by numerous reputable authorities is excellent, and it’s crucial to be open and honest about fees, account types, withdrawals and deposits, and other matters. Axi offers a well-rounded educational program, making it a good choice for beginner traders. The third-party PsyQuation trading analytics platform also provides an excellent tool to make traders better.
You can search for systems that meet your requirement by filtering statistics that matter the most to you. Axi cater for all levels of traders with their leading trading technology being advanced enough for the more experienced traders whilst being simple enough to use for the less experienced. The powerful and reliable trading platforms are available in numerous languages. You can trade from your computer or mobile with all of the tools needed for analysing the markets, placing and managing positions. During liquid times the spreads may go as low as 0.0 pips, and the broker truly adheres to ensure costs at the most competitive available. There are two live accounts that have a demo period of 30 days after signing up.
Typically, AxiTrader will charge Swap Fees on a Long Position and pay Swap Fees on Short Positions. AxiTrader is divided into 3 accounts – MT4 Standard Account, MT4 Pro Account, and Elite Account. Leverage is a quite known instrument, which obviously multiplies the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly.
Here you can gain access to all of the same excellent features that you can on the desktop trading platform, but directly through your browser and without having to download anything. This means you will benefit from instant market executions depending on your account type. This is also a very popular execution style which ensures you can benefit from the fastest executions possible while making use of the deep liquidity the broker provides. This is only available to their UK and Irish traders though due to regulatory requirements. Again here you will be glad to find there is no minimum deposit needed. Discussing value you will find a very low spread from 0 pips if working with a Pro account and an equally competitive spread from 0.4 pips on Standard accounts.
Five eBooks are also available free of charge, but Axi asks for a name, country, phone number, and e-mail address. They are required for opening an account, and therefore not an obstacle to new clients. The video library consists of eleven courses, consisting of numerous lessons. While the videos in each are short, they introduce each topic to new traders. I think beginner traders can start there and then research more online. Overall, I find the educational section at Axi comprehensive and of good quality.
In 2020, the broker is compliant with several top-tier authorities. Please note that the information on our website is for informational purposes only. Limit orders will help manage your entry into new positions, and the margin calls provided will ensure your equity never drops below a particular level. This is equal to 0.01 standard lots or a cash value of $1,000 non-leveraged. This amount could be significantly lower if you are utilizing the available Axi leverage.
We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Been chasing them for axitrader review my account manager to contact me for 2 months now. Keep in mind that although they do not charge any funding fees, there may be some third-party fees when using certain payment methods.
