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 do a bank transfer, which we did and were successful. We waited for 1-8 minutes before being connected to the customer service team via the live chat function. Axi’s educational articles are grouped according to the relevant trading topics making it easy for traders to find information on specific topics.
Axi offers a small number of Cryptocurrencies to traders, just 6 instruments. 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. As for education, we found that AxiTrader offers a good choice of educational materials including a huge choice of more than 60 video tutorials. The broker also offers video tutorials on MT4 trading as well, and multiple articles and eBooks regarding Crypto trading and both forex and stock markets to keep clients up to date.
It’s a valuable tool for practice, but traders should be aware of the distinctions between demo and live trading. 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.
But we don’t stop there – we also offer valuable insights into other great alternatives to Axitrader, so you can make a more informed decision and compare other brokers against Axitrader. A AxiTrader Review 2024 conducted on the said regulated service proved that AxiTrader is completely legit under St.Vincent’s authority and the Grenadines Commercial Intellectual Property Office. AxiTrader is not replicated by the country’s regulator – the Financial Services Authority. It is a broker noted under its regulatory jurisdiction, as mentioned on AxiTrader international website. This website registers the highest share of AxiTrader users every year. The leverage on known financial instruments multiplies on AxiTrader, just like every other brokerage.
- In most cases, the need to contact customer support arises when the AxiTrader user faces some minor issues in opening the account or managing multiple accounts.
- The client software sees the live streaming prices of forex currency pairs and displays their trend charts.
- Axi provides research tools via the MetaTrader 4 platform’s in-built features.
- Some of these services are also well known to more professional traders.
- The MetaTrader 4 trading platform is a key part of AxiTrader’s offering.
Well, if you are looking for a well run and fully regulated broker with strong customer support and a reasonable product offering then it could the broker for you. This is one of the world’s most advanced data analytics platforms for retail traders. It makes use of some of the most sophisticated algorithms which will analyse your own personal trading style to give you hints and tips about how to improve it. You can also make use of some of the other neat features on Zulutrade including an account management suite that is equipped with advanced risk management tools. For example, “Zuluguard” is a risk management tool that will protect you from extreme volatility. Once you have created an account at Duplitrade these signals will be sent directly to your Axi trading account in the MT4 interface.
This will vary depending on the interbank interest rate that is being applied on the currencies at the time. AxiTrader will charge their own spread to this which is +1.25% for a long position and -1.25% for a short position. Regulation is perhaps one of the most important questions that any trader may have about a broker. We would strongly recommend any trader that is considering using an online CFD broker to confirm their regulatory status. 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.
Is Axitrader a con?
The broker also includes VPS Hosting sand the power of its PsyQuation software. Any payments funded to Axitrader accounts by traders are held in a segregated bank account. Tier 1 is the official measure of a bank’s financial health and strength.Trading with Axitrader is risky, and because the market is so volatile, losses could happen at any time. Do not invest with Axitrader unless you are prepared to lose all the money you invest.
Broker Types
Once confirmed, a password will need to be created, and then the process of choosing which type of account you wish to use, choosing a base currency, indicating what leverage you prefer. Traders will then be required to complete their profile by providing information pertaining to their date of birth, country of birth, country of residence and their current address. Finally, they will need to verify their account through the submission of identification documents. However, once delving a little deeper, it become apparent that is does feature additional features, execution methods, administrative features and tools that increase the end-to-end user experience.
Is AxiTrader an ECN Broker?
AxiTrader and AxiCorp Financial Services Pty LTD are two different entities. MT4 WebTrader also makes an ideal replacement for the traditional MT4 application in terms of functionality and mobility. The MT4 WebTrader is perfect for using its custom scripts to access a trading account on the go.
Trading Platforms of AxiTrader Broker
The broker also presents its Axi Academy educational portals with a great variety of free learning courses. As an established international group of companies, AxiTrader provides financial products axitrade focused on foreign exchange, primarily for retail investors. The AxiTrader’s clients as well enjoying direct access to various liquidity providers from over 14 world’s largest banks.
AxiTrader Safety and Regulation
AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority (UK) and by the Australian Securities & Investments Commission. Since over-the-counter derivatives carry significant risks traders should be assured they’re dealing with a transparent provider, which can be provided only by the regulated broker. Axitrader is not a scam but voted timelessly for its trustworthiness, with low-risk Forex trading. The broker is licensed by top-tier regulators ensuring clients’ safety and compensation in case of insolvency.
We also used this and we were able to get an instant response from an agent at AxiTrader. Something that we quite liked about AxiTrader is that they are fairly open and transparent. They have a number of methods by which you can contact them with the fastest probably being by telephone. There are a range of different CFD products that you can trade at AxiTrader.
Axitrader Deposit Fees
The feature ensures that no trader accounts lose money when trading remotely from their mobile devices or web browsers. AxiTrader platforms do not require upgrades as the service delivers them with their most powerful versions. It uses MetaTrader 4 as its dominant trading platform, and this standard approach helps it attract retail traders. Yes, AxiTrader is an FCA-regulated broker with GBP as the base currency. They offer local phone support in the UK and allow free deposits and withdrawals through local bank transfers. AxiTrader does not incur any non-trading fee for active traders as deposits and withdrawals are free.
