Axi (formerly AxiTrader) is a multi-regulated online broker created by traders for traders. They give you industry leading trading conditions on a vast range of different markets such as forex, stocks, cryptos and commodities. You can trade with tight spreads, low commission fees and fast execution speeds at the best prices. I found them to have advanced yet easy to use trading platforms for users of all experience levels. I was impressed with the additional trading tools for conducting in-depth market analysis, especially Autochartist.
Superior Accounts And Features: IC Markets
The Axi Trading Circle is an exclusive online trading community that makes it easy to connect with leading experts, qualified analysts and traders all around the world. You can join the community to ask questions, open discussions and get practical guidance on becoming a better trader. 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. The alarm manager can send you customised alerts which is useful if you are monitoring multiple charts at once and do not want to be at your screen all of the time.
The Elite account
Axi, on the other hand, also provides a comprehensive list of funding methods with a focus on ensuring the security of transactions. They offer several e-wallet options, bank transfers, and credit/debit card transactions. In 2017, Axi was awarded the most reliable broker by atoZforex.com. axitrader review Axi has a reputation for being one of the most trustworthy brokers. Part of the reason Axi is considered trustworthy is because of the excellent customer service they provide. However, it’s important to consider these figures in the context of the industry average.
What Other Forex & CFD Websites and Customers Say about AxiTrader?
There are no withdrawal fees, and it will take from 1 to 3 days for the transaction to finalize. The withdrawal methods include credit card, debit card, bank wire transfers and epayment. Others are only $5, and some are not specified, and will depend on your regulation.
Fair Trading Practices
We were particularly impressed by the low spreads charged on Bitcoin trades, which are less than a third of the industry average, making the broker very attractive to Bitcoin traders. We recommend that you open your account with the UK entity since it is the only one that offers deposit protection to traders if it is available to you. You can also contact them on their social media accounts like Twitter, Linkedin or look at their YouTube channel. You can do it directly from your MT4 platform and communicate with thousands of traders.
The Pro account
AXITrader is an excellently regulated broker that provides high-quality FX brokerage services by actively indulging in the best practices in Forex trading. The customer service department is available 24 hours a day and will take care of all client problems in a meticulous manner. Axi Select sets itself apart with its unparalleled trading tools and features.
Axi processes withdrawal requests within one to two hours, ensuring traders get swift access to their capital without complications. I recommend traders check with their preferred one to ensure https://forexbroker-listing.com/ the most cost-efficient method. Traders must request withdrawals from the secure client portal, and the name of the Axi account must match the one on the payment processor or bank account.
This company has over 140 forex pairs, and in 2018 they added AxiTrader cryptocurrency to their assets. In 2019 they won the “best forex broker” in Europe and the Middle East. That same year they also received Best MT4 Forex Broker recognition, and this year ADVFN gave them the International Financial Award. We’re proud of our status as a top global online trading company, and we won’t rest until we can give every one of our traders the ultimate trading experience. One of the most ignored trading costs is swap rates on leveraged overnight positions.
Accounts can be opened in an excellent range of various currencies including AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. XTB also provide this service if you are a looking to buy and sell cryptocurrencies. You can trade commodities without needing to purchase the physical asset as you are simply trading on the price movement of the underlying asset or instrument. Some of the most popular traded commodities are gold, silver, oil and gas. This is yet another excellent tool provided by the broker and something that I have not seen implemented by many others.
CTrader is a newcomer compared to MetaTrader and offers many features not available in MT4. One thing to be aware of with cTrader is you can only use it for trading forex. Overall, NexGen gives traders invaluable tools to assist with decision-making, trade management and execution. Both brokers offer an add-on that gives you access to extra MT4 features. Below is a summary of the ECN trading account types each broker offers. They can also share their strategies will millions of other traders who use MT4.
- Whether you’re just getting started on your trading journey or are already an experienced trader, there’s always something new to discover about the markets.
- It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app.
- Axi does not offer any other trading platforms, which is a drawback.
- We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
It is, therefore, important to keep in mind that some of the reviews will be nothing more or less than such. We’ve gone through, authoritative user-generated and broker listings/reviews websites to, hopefully, offer more clarity on the reception among its clients. Although nowadays there is plenty of information available on every broker, this does not make it easier to take a thoughtful decision. The abundance of information can quickly become overwhelming and confuse traders rather than provide clear answers. For this review we tested AxiTrader, standard account, plus we collected secondary information from reputable sources, as well as user generated reviews. Axitrader started as Sydney based brand in 2007, the company expanded its operations into UK and China in 2012 and 2015 respectfully.