- 25 Tháng Năm, 2021
- Posted by: admin
- Category: Forex Trading
However, Axi applies a $/€10 monthly fee on inactive accounts. “Inactive” means that you had no open trades for a period of at least 12 months. Forex fees at Axi are low.For Pro accounts, there’s a commission of $3.50 per trade and a low spread cost. I’ve generally had a good experience trading with Axi for the past year until yesterday when out of the blue I get an email saying my account equity is too low and my trades have been stopped out. That makes no sense because it’s on the weekend and markets are closed. Reliability is a key component to any broker and platform and there a few ways to identify if the company is reliable.
The Axi Community completed an excellent set of value-added services at Axi, all intended to promote better traders. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. Also, Axi offers training and free educational materials every trader needs.The company has online education programs, tutorial videos, and free webinars. It has also blogs written by experienced traders that will surely inspire you while trading with this broker. We can say that these are very helpful materials for aspiring traders as well as professionals.
Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiTrader is not a financial adviser and all services are provided on an execution only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances.
Try out Forex trading with Axi today with faster than ECN trade executions!
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. The company is a member of theFinancial Services Compensation Scheme . At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you .
When we recall the funds we do not have particular time to received the funds as this depends from your bank or the intermediate bank. That is, the scammers of this brokerage try all ways to earn money illicitly. All of my accounts changed password and now im stuck without being able to trade or any idea what happened to them. I contacted my lawyer who is specialise on securities law and he said they must provide proofs/records of where the orders were executed and that we are in front of a case of money laundering. Leading to a great loss of 62k USD plus profits estimated with 40 $k trading the entire year under pressure and stress .
There are no withdrawal fees on the withdrawal methods currently offered. There is no minimum capital requirement on all existing trading accounts on AXI. A Forex Exchange like AxiTrader has been around for more than 12 years, with a long history of running with clear and transparent licenses.
Look and feel
At least they know how to treat somebody with respect. I mean… i agree mate, if everyone used that search bar and only then, asked, that’s great, we would then take a different approach each time, but… the majority don’t do that. Traders can also change the leverage level of their accounts after registration. We registered our account on 1 January 2022 and it was verified on 2 January 2022. Our account was approved after submitting all the required documents. We tested the entire process when opening our account, and it was fully digital.
Is Axi a good broker?
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.
It has gathered various awards including as the most trusted Forex broker. FxPro is a well known name in the Forex trading space and has been around for quite some time. With sponsoring professional sports teams, their name is easily seen. Right away, at the top of their homepage you will see the important items listed, the markets you can trader, the tools available that include the platforms, as well as pricing.
MT4 Standard Account offers 80 currency pairs, no commission, no minimum deposit, free setup, and download. It is designed for fast and simple execution with the use of MT4’s one-click trading. With this account, you can track your progress with comprehensive trade history and analysis. AxiTrader has invested in co-located servers and fiber optics for faster, more accurate trading with its advanced technology. Overall, the Instaforex broker appears to have many of the services traders need in order to be successful.
Looking at your answer though, i assume that you have been to the search bar too on this. I dont think so, because if you have, you will never type it like ‘Axi Trader’. However, here is the thing, i didn’t want you or anybody to reply me with the knowledge that they gathered by reading someones posts. I was expecting answers from the people who have actually used this broker and who has experience with them. Just remember, if you don’t know something, don’t give your opinion on it.
I has 2 positions open and on Sunday I tried to login to my account but the account was disabled. Thats when I looked at the email they sent to advise that they have the right to close my positions because its in their Terms & Conditions. We execute large volumes via their MAM software on MT4. The spreads are great and we have never had a problem with execution. They started a demo contest yesterday, virtual money 50,000. Howevere, the demo Price on its MT4 is always lags behind the actual market pricing 1~2 minutes!
Equity CFDs are notably missing, which is a negative in my book as I trade them, but Forex traders have a good selection. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
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Axi’s web trading platform hasgreat customizability.You can easily change the size and the position of the tabs. Add your bank account details, like IBAN and Swift code (if you haven’t done it before). You can only deposit money from accounts that are in your name. We use dedicated people and clever technology to safeguard our platform.
After you download the MT4 mobile trading platform, you have to access the Axi-Live server. Yes Axi does not have its own self-developed trading platform, it usesMetaTrader 4,a third-party platform. To access it, first you have to log in to a client platform. There were times in our experience when accessing certain menus took ages, with the whole page frozen while loading.
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We found the costs of trading Bitcoin at Axi were much lower than industry averages. The average Bitcoin spread in our trades was just 14.4 versus the industry average of 45. One sales person encouraged me to open an account with Axitrader and I did, so I left my previous broker.
- So, we can take this onboard for investigation and get back to you once we have an update.
- They started a demo contest yesterday, virtual money 50,000.
- AxiTrader has the lowest trading fees and doesn’t have any minimum deposit required.
- It offers its clients the ability to trade indices, commodities,Forexcryptocurrencies, and someCFDs.
- As for any one particular broker there can be an extreme range in their rating/review from poor to excellent, and this can be for various reasons.
This is important because if you plan to partner with a broker long term or platform, you want to ensure there is a demo account to test your strategies without risking your hard earned capital. There is a demo account option but it seems to be hidden. Their deposit and withdraw methods appear to be clear with expected times to when you can have access to your funds. AxiTrader offers the popular app MetaTrader 4 to its clients and does not have a proprietary trading platform. Traders can trade via the broker’s website, as well as via the mobile and desktop MT4 applications available via Axitrader download.
Opening a live account with Axi takes only 3 simple steps.First, you need to complete the application by filling up the form. Second, in order to help protect your account, Axitrader requires verification in form of sending an ID to confirm your identity. 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. Axi MT4 Forex Trading Signals enables you to access thousands of ready-made trading strategies.This platform places trades automatically and has simple execution. By the use of trading signals, traders can copy trading strategies from thousands of traders from across the world straight into the MT4 platform. It has a 24-hour trading feature that lets trades continue to be placed, even when you’re away from your trading terminal.
Instaforex is a Forex broker that offers traders a variety of services. One of the first items you will notice are the variety of bonuses the company offers. According to the website, there are 107 currency instruments, 88 CFD’s on United States stocks, as well as contracts on gold and silver. There is leverage available if you so choose as well as several different accounts.
A major pro was that Axi has low spreads across all the instruments we traded with Bitcoin spreads being very low. Axi offers several cryptocurrency products including Bitcoin, which is the most popular and largest crypto by market capitalization. Axi offers a small number of Cryptocurrencies to traders, just 6 instruments.
Is Axi regulated?
Axi has licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines.
In other words, PRO account is an equivalent of ECN account. AxiTrader is a registered business name of AxiCorp Financial Services Pty Ltd which is regulated in several countries. Couldn’t close out even though the candle sticks are moving. There are allot of clients that are unhappy and leaving them. The only grip is they have restrictions on indices and their price quotes for indices are have a cut-off.
We also strongly advise new traders to experiment with a demo account before trading risky real estate. Because, this will help you acquire some of the basic skills without taking any unexpected risks. AxiTrader is a finance company of the AxiCorp group, established https://forexbroker-listing.com/ in 2007 and headquartered in Australia. Axi has just been spun off from AxiTrader at the end of 2020. Due to its growing strength it has become one of the leading online brokers globally. Currently offering financial services to retail traders in over 120 countries.
He promised me several things but none were true, but I stayed with them because the spread was a little better. Then I had some issues here and there but stayed with them for 2 years. Some support members like Santiago were helpful, but others were completely rude and bad. I opened a trade this week and they had a problem with their IT department and I got stopped out even though I had no stop-loss and they decided to liquidate my position. I have been trying to contact them but the lady was super rude and uncooperative. They made me lose more than $15,000 because of a stupid mistake they did.
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Invest by copy trading with Top and curated Traders in Forex, Indices, Commodities, and Stocks. Infrastructure investment with high specifications to be able to handle customer needs and ensure that the system is not working excessively. To ensure the uptime of the server and the environment are always stable. Thus, that means that Axi customer’s money cannot be used for any other purpose. The execution speed of Axi transactions will be faster thanks to the server located in New York, the “Foreign Financial Center” area. If you don’t understand this, i don’t consider you as a person who has the right skills or the experience to be “helping” others.
Axi outsources its live chat customer support to specialised agencies. The first agency we dealt with told us that our Neteller withdrawal was cancelled due to a technical issue. We repeated the transaction and it was declined a second time.