Axitrader Review 2020 By Financebrokerage

If Axitrader violate any regulatory rules their regulated status could be stripped. It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Axitrader that will help you get off to a good start in the world of online trading. This review of the Axitrader platform is very detailed.

Fill in the simple form in the live chat window to start chatting with a trained customer support agent. The time taken for your deposits to reach your account depends on your preferred deposit options. For example, credit/debit cards and electronic wallet deposits are instant, but Bank Transfer and broker-to-broker transfer takes up to five working days. AxiTrader’s parent axitrader review company, AxiCorp Financial Services Pty Ltd, is an Australia-based company launched with the purpose of providing innovative online financial services and products. There are no confirmed negative data about the broker in the network. It is rather attractive for the speculators with the experience, having a positive experience of trade in the different financial markets.

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This shows in Axi’s relatively limited range of financial instruments. With a minimum deposit of 500 AUD you will get access Forex news to PsyQuation Premium. PsyQuation is one of the world’s most advanced data analytics plugins for retail traders.

7 Support

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. AxiTrader PRO accounts have all ECN conditions. In other words, PRO account is an equivalent of ECN account.

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EUR/USD has the lowest average spreads from 0.3 pips. Other pairs, AUD/USD, and USD/JPY have very low fees from 0.2 pips. Compared to other brokers such as FOREX.com, Pepperstone, IC Markets, and FxPro, AxiTrader has fewer forex pairs. On the table below, we have listed the total number of forex pairs available with each broker. Both account types allow you to use Expert Advisors so you can use them to set up EAs. In the section “Execution”, you can learn more about EAs speed execution and why execution speed is important.

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You can find detailed guidance on Axitrader trading platforms here. You will need to provide some basic documentation to prove your identity as part of Axitrader onboarding and normal KYC identity checks. These checks are standard practice and help Axitrader provide a safe financial environment for their 10,000 users. You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account.

  • A stop-loss is designed to limit a traders loss on a security position.
  • Overall, we are very satisfied with the regulations, licenses, and the safety of funds at AxiTrader.
  • Most traders will no doubt be aware of this platform and many will have used it at other brokers.
  • A demo amount gives you the opportunity of trading in an environment that is similar to the live trading environment.

Overall, our experience with AxiTrader was smooth from opening our account, to the deposit, trading and withdrawal processes. We reached out via the live chat function and the second agency gave us the correct reason why our Neteller withdrawals were cancelled. They recommended we Swing trading do a bank transfer, which we did and were successful. You can run most types of trading strategies as the broker allows high-risk strategies such as hedging and scalping. Axi does not charge other non-trading fees such as account inactivity fees or deposit and withdrawal fees.

Beginner traders have access to a well-presented educational portal, and I think the PsyQuation trading analytics platform represents the best tool for traders at Axi. I also like the hassle-free withdrawal process at Axi, while Autochartist offers a much-needed plug-in for the MT4 trading platform. Overall, I can confidently rank Axi as one of the best Forex brokers operational today. Traders have access to two account types, the commission-free Standard and the commission-based Pro.

Axis Financial Instruments

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. Please note that MT4 NexGen is free to all traders who open an AxiTrader live trading account with a minimum deposit of $1,000 and be aware that losses may exceed the deposit. Brokertested.com does not provide any investment advice.

AxiTrader provides access to trading CFDs of commodities, gold and silver, Crude Oil, and 11 equity indices. Trading metals allows for margins of just 1 percent and the ability to sell long or short. It is an OTC trading without commissions or brokerage fees on standard accounts. Those features are typically true in other types of AxiTrader CFDs as well.

The broker offers profitable and functional trading on the Forex and other markets in the advanced terminal, bonuses, narrow spreads, etc. In addition to its solid regulatory profile , the broker offers solid trading platforms, a good asset selection and some rather outstanding reputation among its industry peers. The operation is claimed to be “Australia’s Most Trusted Forex Broker” and it boasts scores of industry awards on its website.

All investments involve risks including possible loss of principal. Forex, binary options and cryptocurrencies are highly speculative assets. Trading CFDs carries a risk of losing money due to leverage. 78.6%of retail investor accounts lose money when trading CFDs. The most accessible of these accounts is the MT4 Standard Account. This option features some 80 currency pairs, no commission, some rather competitive spreads and no minimum deposit.

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This extends to other parts of the AxiTrader website. For example, the dividend forecast schedule page explains dividends and their impact. Within the Market News and Blog sections of the AxiTrader website, the broker offers various educational articles. These include topics for all levels, such as trading mistakes to avoid, position sizing techniques, and habits of successful traders. You can browse the educational articles or search the section.

Axitrader Commission Fees

Any payments funded to Axitrader accounts by traders are held in a segregated bank account. For added security Axitrader use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength. To trade effectively with Axitrader, it’s important to get a have a good understanding of the Axitrader trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with Axitrader and externally.

Other broker has far move positive review here than Axi. We will also arrange for your account manager to give you a call and coordinate with us. Thank you for bringing this to our attention. At Axi, we value our customer feedback very highly and we are sorry to hear that you had a negative experience with us.

Axitrader Education

Both regulators are considered to be the most respected agencies in the market, which does provide great reassurance for traders while choosing AxiTrader as their Forex 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. Axi offers MT4 on a mobile trading platform. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

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This comes from the broker’s regulation and licensing from the ASIC, FCA, and other regulators. It also comes from the fund segregation and top rating for trustworthiness. In 2018, AxiTrader introduced five new cryptocurrency CFDs. That same year also saw back-office operations begin in Cyprus, the Philippines, and Singapore. In addition, there was the opening of the Dubai branch and AxiTrader’s acquisition of its New Zealand financial service license.

Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, Forex Club indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss. When opening a trading account with Axitrader, you will need to sign up here.

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