Traders should review the specific requirements for their entity to ensure they meet the necessary deposit thresholds when opening an account. Axi applies rollover or swap fees to positions held overnight, which are based on the interest rate differential between the currencies involved in the trade. The Pro Account is tailored for more experienced traders and charges commissions of $7 per round lot. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.
Pros & Cons
- In both cases, there are no minimum deposit requirements and account holders have access to the same range of trading instruments, including forex pairs and commodity CFDs.
- The Axi Trading App provides access to over 490 financial products, all in one user-friendly interface.
- This platform is the most popular in the industry for some very solid reasons.
- Our Compare Forex Brokers’ Axi review found that it has a US subsidiary called Axi USA.
It is more suitable for novice traders, especially in addition to the Copy Trading platform. First, they reach clients with the AxiTrader Affiliate and Referral Program. If you become a Master Affiliate, you can make up to $1000 USD CPA per qualified client and 10% commission on Sub-Affiliate profits. When your recommendations make trades, you are paid through the Axitrader referral program. Brokers may occasionally pretend that your withdrawal has been approved before placing the money back in an effort to induce you to trade and reverse the withdrawal. Investing in leveraged products has a significant amount of risk, so consulting a professional is a must.
Super simple withdrawals
Using the copy trading platform, you can study the strategies of the top traders and copy them. You must choose a trader to copy, then define your boundaries and begin copying. The Pro account does charge a commission of $7 round trip per lot (3.5$ to open a trade and close it), but it has a spread that starts at 0.0 pips. The minimum trade size is 0.01 lots, and it includes 140+ trading products and 10 base currencies.
Customer Service
Additionally, Axi offers a 24/5 live chat function available in multiple languages on their website, providing real-time support. Clients can also reach out via email at or through Axi’s social media channels. For non-urgent queries, the Help Centre on Axi’s website offers a comprehensive range of FAQs and resources to assist clients. Additionally, Axi’s website features a Help Centre with FAQs, guides, and resources to address common questions. The broker also supports multiple languages, enhancing accessibility for traders from various regions. While the support team is generally professional and helpful, some users have noted delays during peak trading hours, which could be improved to ensure a seamless experience.
- AxiTrader should provide a high-quality trading service for traders with excellent trading conditions, but other brokers offer even better Forex products with many additional benefits.
- Then there is the MT4 WebTrader which is a lightweight version of the downloadable software that gives you instant in-browser access to your Axi account regardless of what device you use.
- It can execute multiple blocks of orders on all accounts that are operating under a master account with 6 allocation methods and all order types accepted.
- Axi sponsors various trading events and competitions, allowing traders to engage with the community and showcase their skills while also learning from other experienced traders.
- Social traders may rely on Axi’s Copy Trading App, giving them the opportunity to find top traders around the world, and copy their trades.
- Meanwhile, the Axi Copy Trading App stood out for its simplicity and effectiveness in connecting traders with experienced professionals to replicate their strategies.
Due to its user-friendly design and accessibility of demo accounts for practice, MetaTrader 4 is regarded as one of the finest trading platforms for novices. Contact us today and we will find a broker suited for your skill level. AXITrader accepts US traders, which is a huge positive for the company. AXITrader is one of the very few brokers that operate in the US as well as the EU and Australia. However, AXITrader is not a full-fledged entity; rather, the company offers its services as an https://traderoom.info/is-axitrader-truly-a-trustworthy-firm/ Introducing Broker under the AXITrader white-label platform.
I appreciate the low spreads, which have allowed me to maximize my profits. The educational resources are vast and have significantly improved my trading skills. Overall, Axi broker has exceeded my expectations and I highly recommend it. I’ve been trading with Axi for several months now, and I must say the platform is incredibly user-friendly. The layout is clean and intuitive, making it easy to find the tools I need for my trading strategy.
This commitment to education sets Axi apart as a broker genuinely invested in their clients success. This pricing structure allows me to maximize my potential profits on trades. The transparency of their pricing is also appreciated, as I know exactly what I’m paying for each trade.
With Axi’s MT4 video lessons for beginners, you can learn how to utilise the world’s most popular trading platform. This area is constantly updated and provides technical and fundamental chart analysis that may be used to generate prospective trading ideas. 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.
We review all brokers to a strict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support. We update this methodology and our recommended reviews yearly, so that you’re only given up to date information.
Being regulated by numerous reputable authorities is excellent, and it’s crucial to be open and honest about fees, account types, withdrawals and deposits, and other matters. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. For instance, ECN accounts can be beneficial for traders who prefer lower spreads but are comfortable with paying a commission based on their trade size. Ultimately, your choice will depend on your personal preferences and trading style, but all these platforms offer powerful tools and features to support your trading journey. Axi prides itself on 24-hour support, fast trade execution, tight spreads with minimum account slippage.