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The broker has kept expanding since then and started offering their services in China in 2015 and the middle east and Germany in 2016. The expansion has continued unabated and has since seen AxiTrader reaching 150 different countries. AxiTrader account can be funded by several options including Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY. Also, there are selected companies with whom the company allows broker-to-broker transfers, so you can either transfer your account from another brokerage to AxiTrader. AxiCorp Financial Services Pty Ltd, also known by its trading name AxiTrader, is a Forex and CFDs broker based in Australia and founded in 2007. After the successful operation during the first years, the broker has been ranked among the most trusted Australia’s Forex brokers with the strongest brand association.
Opinions, market data, and recommendations are subject to change at any time. Individual users receive Negative Balance Protection, which guarantees they will not lose more than what they’ve invested with AxiTrader. To minimize confusion, customers have a single brokerage account with AxiTrader but can have many subsidiary profiles in the shape of trading software logins. This is also something to look forward to when trading with AxiTrader. The company accepts funding options such as Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY.
It has a 24-hour trading feature that lets trades continue to be placed, even when you’re away from your trading terminal. You can set your own tolerance to risk with stop loss contingencies with the use of flexible risk parameters. We were also quite disappointed that although they did have a range of educational material, there were no live courses or webinars. These are offered by numerous other brokers and are a great way to provide ongoing support to the traders.
Remember, if your account gets to 20% equity then your position will be liquidated quickly. They have steadily grown their international presence as well and in 2012, they established their UK arm of the business under AxiCorp limited. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Withdrawals, isn’t back into the funding credit card like, mentioned in the company documents. As well, you can strengthen your strategies by Authochartist, as an AxiTrader client getting free access to flexible charts through the sophisticated tool – PsyQuotation.
AxiTrader offers traders the ability to trade indices, commodities, Forex, cryptocurrencies, and some CFDs with competitive spreads.The brand was built by traders for traders. Due to this, the company understands any type of trader and strives to deliver the best service, support, and as well as materials that they can. The firm does not require a minimum deposit and any trader can start with any amount desired. While Axi offers a demo account with flexible options concerning the account balance, base currency, and leverage, it is limited to 30 days.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.6% of retail traders lose money when they trade CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of letting your accounts lose money through CFD trading. Each trader wants to trade with aForex Brokerwho truly understands their needs.Axi is a company founded by traders for traders. The brand claims to be the bestonline brokerchoice for traders.
We advise you to avoid this broker if you don’t want to have a problem. If you have been a victim of this broker, don’t hesitate to leave us a comment to report this broker and avoid other people from being victims. We put you in touch with the best money recovery company that has existed since 2016, MyChargeBack. We have received positive feedback from them and their experts are very professional.
Fundamental data
I also appreciate the swap rates, which accurately reflect the global interest rate environment, free of excessive broker mark-ups, as evident at many brokers. While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs. They have a simple-to-use forex trading platform, tight spreads and an excellent training program. The forex broker is certified in Australia, which is critical due to the safeguards in place to protect currency traders.
I always recommend that traders check them before evaluating the total trading costs. Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money. Here is a screenshot of the Axi MT4 Pro trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
- They regularly score top marks for their customer service, trading tools and general transparency.
- This is unfortunate for those traders who like to open positions on particular companies.
- This included comparisons to popular currency brokers including Pepperstoneand IC Markets.
- Alternatively, if you do not want to wait for a response on the email then you can always speak to them over live chat.
- In China, AxiTrader entered into a partnership with China Union Pay to help its Chinese clients process payments easily and directly to AxiTrader.
You just need to complete the form below (if you have lost more than $5000, use our Chatbot directly). Axi accepts traders from the UK and South Africa and has an office in each. Traders from Malaysia, Singapore, and Canada may also open accounts at Axi, but US traders cannot trade at Axi. Axi offers bank wires, credit/debit cards, POLi, FasaPay, Sofort, GiroPay, iDEAL, Neteller, Bitcoin, Skrill, Boleto, Global Collect, and 17 regional online banking solutions. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Axi Pro account.
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. We tested the bank transfer withdrawal and it took 2 business days. Founded in 2007, AxiTrader has evolved as a trusted trading platform for large forex and CFD investors. After more than a decade in the market, the trading platform is in business with some of the world’s biggest companies and global brands.
How we ranked fees
Selected companies also have the privilege to allow broker-to-broker transfers where a user can transfer their funds from one account to another within the AxiTrader brokerage. AxiTrader has developed this four-step simple https://forexbroker-listing.com/ process to meet the regulatory KYC requirements. New traders are likely to feel comfortable while opening an account with this process. It takes a minimum of two business days for a new AxiTrader account to get approved.
This is the world’s leading online and mobile Social Trading platform. It can also be used for copy trading purposes and traders are ranked on the platform according to “ZuluRank”. Duplitrade is an extra feature that is offered for free to all of those AxiTrader clients who have more than $5,000 in their accounts. You can of course also test it in a demo to make sure it works for you. The Next Gen MT4 platform is available to all of those AxiTrader clients who have more than $1,000 in their accounts. Of course, you can also give it a whirl with a free demo account beforehand.
The technology suite of AxiTrader includes the MetaTrader 4 trading platform, its web app version, Myfxbook, and some additional APIs. The trading platforms run on all operating systems, including Windows, Mac, Android, and iOS. The broker delivers its services for hard and soft commodities, including 31 equity CFDs and 6 cryptocurrency CFDs. The asset selection of this broker is quite limited, which makes a proper diversification of cross-assets unfeasible. Reply by Axi submitted Nov 18, 2022 Hi Ricardo, thank you for taking the time to leave us a review.
The third-party PsyQuation trade statistics program is also a useful resource for growing traders. As mentioned above, this platform is available on a desktop and as well as a web browser. MT4 WebTrader Platform gives you access from your MT4 account to your web browser. 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.
AxiTrader’s Mobile App
The only products of mention seem to be the trading bot itself and some additional training. The first part of my review will cover the company and who is behind it all. This is one of the questions that we want to know before we join any program online. Trading Forex and CFDs with leverage poses significant risk of loss to your capital. Once you choose a market, you can decide on what asset you want to analyze. After analyzing the asset, make sure to make a forecast of the price movement.
Islamic Account
A request to settle a debt, taxes or other amount owing and to send money via courier, prepaid bank card or gift card. AxiTrader Sample Continuation PatternsOn the other hand, reversal patterns are signal trends when the direction changes. These signals can be used to trigger new trades, because the reversal may cause a new trend to start. With that said, this can be used as a technical pattern that can serve as an advanced warning to identify potential changes in the market direction. Also, in the year 2017, it won the ‘Most Reliable Broker in Forex Awards and ‘Highest Overall Client Satisfaction’ in the Investment Trends Australia FX Report. Only last year, 2018, AxiTrader gathered awards for being the winner of ‘Best MT4 Provider’ in compareforexbrokers.com.au and UK Forex Awards.
The withdrawal method must be the same as your deposit method, except for deposit via bank card to withdraw to your bank account. Axi charges no withdrawal fees and offers several method options for withdrawal. However, if you withdraw less than $50, Axi charges a $25 administration fee . Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
