The brand has a mixed client base, with opportunities for less experienced investors, as well as institutional traders. Funding options are plentiful, with traditional bank transfers, credit cards, and e-wallets like Skrill and Neteller all on offer. Notably, the minimum deposit is a mere $0, perfect for testing the waters before committing larger sums.

Strength 4 – Range Of Markets

This is available on all account types and trading platforms the broker offers, so it is an ideal starting point to help identify the best trading platform choice for your needs. The FCA and ASIC are top-tier regulatory authorities that provide traders with the assurance that a company is fully transparent and ethical in its business dealings. Tier 1 regulation also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks. This way, the risk of fraudulent behavior by the brokerage is kept at a minimum. Axi allows traders to use the world’s most popular trading platform, MT4, to trade the over 150 trading products it offers. The MT4 trading platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is compatible with Android and iOS devices.

Great Support expirience

You can view real-time pricing, place & manage trades, view account history, monitor positions, customise charts, set alerts and more. This is useful for those who need to access their account whilst on the go from differing locations. MT4 mobile is freely available to download on both Android and iOS via the relevant app stores. You will find stocks of the largest companies, popular cryptos and major currency pairs.

They answer my question about account…

If you want to find areas in which you can improve, this is a great tool. Here is a look at some additional products that you may encounter when trading at Axi. The platform is available as a webtrader, again directly through your browser. A total of seven commodities are available for trading, again all as CFDs. This selection includes 3 metals in the form of gold, silver, and copper. 2 energies that are, natural gas, and oil, and 2 agricultural commodities in coffee and cocoa.

Platforms

This means that Axi should be very well placed to deal with you as a global trader no matter where you are located. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to Axi. The table below highlights some of the key broker areas, and the pros and cons in each.

Alternative Brokers

In this broker review, we will pay attention to the critical aspects of Axi, which you may consider before deciding whether to trade with this online brokerage. Despite its strengths, Axi has a somewhat underwhelming aggregate score on Trustpilot, achieving https://forexarena.net/ 3.5 out of 5 stars based on 1,489 consumer reviews. As many as 72% of all reviewers are satisfied with the broker’s services, assigning 5-star ratings. Axi provides traders with 50 currency pairs, six cryptocurrency pairs, 20 commodities, and 31 index CFDs.

These rules limit the amount of leverage offered to EU clients and the way in which financial services are promoted. If you want higher leverage then you would need to look at the international brand. The broker is an Australian based merchant that was founded in 2008 with its headquarters located in Sydney. Axi prides itself on 24-hour support, fast trade execution, tight spreads with minimum account slippage. This means that in addition to classic currency pairs such as AUD / USD, GBP / USD and EUR / USD, there are also minor and exotic pairings. Minor, exotic and cross pairs can have more movements due to thin liquidity which can present significant profit opportunities albeit with a more high risk.

The social trading platform is available to all live account holders. The educational centre offers chart tools that provide concise information on various commodities, equity indices and currency pairs. The FX charts offer in-depth information on various charts and provide a suitable axi forex broker interpretation of the various price fluctuations. Axi also offers various online courses right from basic Forex introduction to in-depth market analysis. The broker offers several educational videos which the registered traders can watch free of charge and get enlightened.

• This Axi review was based on our trading platform comparison, focusing on broker features as a focal point.
• Our only complaint is that traders have to sign up with the offshore entity – AxiTrader Limited, which isn’t authorized by a strong regulator.
• There is a very high degree of risk involved in trading securities.
• Additionally, the availability of swap-free Islamic accounts makes it simple for traders who follow the shariah to look into interest-free trading opportunities.
• I actually pay a third-party provider around $30 per month for a VPS.

There is a great range of more than 70 forex pairs available for trading at Axi. With commissions and spreads at the broker, only floating spreads are offered. These are generally kept very low and start from just 0.4 pips on an Axi standard account, and drop again to start from 0 pips on a pro account with a reasonable $3.50 a side per lot traded.

Their Standard Account offers some of the tightest spreads I’ve encountered, particularly on major forex pairs. The option of a commission-based Pro account further reduces costs for high-volume traders. Spreads did widen slightly during news events, but remained competitive compared to other brokers. Traders of varying levels can access the Axi Standard Account, which has no minimum deposit requirement.

Rates, terms, products and services on third-party websites are subject to change without notice. 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. To help ensure you have more money left to trade with, Axi charges no fees for funding and withdrawals to or from your trading account, up to a value of $50,000 per month. If you exceed this monthly Fee Free Limit, they do reserve the right to pass on your Neteller and Credit card transaction fees. This is pretty much standard practice and not a deal breaker for me.

By doing automatic chart analysis for you, the Autochartist pattern recognition programme may save you time examining the charts. It will display patterns discovered on an instrument of your choice, along with a pattern quality rating. You may set up alerts to notify you when patterns are discovered, and it can also anticipate potential stop loss or take profit levels. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.