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 axi review gathered awards for being the winner of ‘Best MT4 Provider’ in compareforexbrokers.com.au and UK Forex Awards. It also won in the same year, ‘Most Trusted Forex Broker’, in UK Forex Awards.

Axi MT4 Desktop Platform

These tools can be said as the main ingredients for having better or good results. Charting helps traders track and watch asset price movement and market volatility in making their trades. It allows you to spot new opportunities and cut down money management errors by the use of its correlation trader feature.

Axi Islamic Account

As mentioned above, this platform is available on a desktop 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 but has a kind of a learning curve for trading beginners. You can simply download it completely free from a Mac-based solution.

Pros and Cons

When it comes to methods available, wire transfers can be used and typically take 1-3 days although they are only available in the EU. Credit/Debit cards from Visa, MasterCard, and JCB can also be used and typically provide instant deposits. EWallets are also available and instant in the form of both Skrill and Neteller. The broker also allows for you to use many additional services to complement your trading such as MyFxBook, API trading, Autochartists, and PsyQuation run by AI. There are more than 50 forex pairs available and you will find the average spread is just 0.2 pips on EUR/USD and 0.5 on GBP/USD with Pro Accounts, which is very low. Traders are not machines and part of the investing process is handling risk & developing strong trading psychology.

Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. With low latency execution and deep liquidity, AxiTrader makes it easy to join the world’s biggest trading market in all possible ways. Australian FX broker regulation, however, does not include any compensation scheme in case a licensed company becomes insolvent. The withdrawals can only be made through the method used for deposits. The source of payment needs to be registered with the name of the account holder.

• You may link your mobile device to the trading platform via the MT4 mobile platform.
• 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.
• Yes, AxiTrader is an FCA-regulated broker with GBP as the base currency.
• The commission of $7.00 per round lot remains competitive, and spreads start as low as 0.0 pips, an ideal combination for algorithmic traders and scalpers.

Again here you will be glad to find there is no minimum deposit needed. A commission of $7 is also applied per lot on a round turn trade if you are using a Pro account. Added to that, the execution speed is typically lightning fast and you don’t have to worry about receiving any requotes. Considering the downsides or limitations of the broker, there are a few points to mention. The number of available assets at just over 130 may be a concern for some experienced traders though the list does include forex, index, commodities, and cryptocurrencies.

77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. AxiTrader’s Multi-Account Manager (MAM) is an integrated software tool that lets a single trader execute block trades on all accounts operating under a master account.

While Axi has three well-regulated subsidiaries, most international traders will deal with the unregulated unit operating from St. Vincent and the Grenadines. Since Axi has an exceptional reputation, I do not view this as an issue. Axi is a member of the Hong Kong-based Financial Commission, featuring https://forexarena.net/ a €20,000 compensation fund. A $1,000,000 client money insurance policy is also in place, making the unregulated St. Vincent and the Grenadines unit the best-protected one with the best trading conditions. Trading with a regulated broker will limit the potential for fraud and malpractice.

You can get it for free when you open a live account and deposit a minimum of at least $1,000. The MT4 mobile platform allows you to seamlessly connect your mobile device to the trading platform. You can view real-time pricing, place & manage trades, view account history, monitor positions, customise charts, set alerts and more.

This again features no minimum deposit with an even more competitive starting spread. This spread starts from 0 pips although there is a $7 per round turn commission on forex trading. This is still very competitive in comparison with other major brokers. Again you will have access to more than 140 tradable markets with the same range of great additional features.

It lets you place a number of orders in bulk, with speed, into an unlimited number of accounts or multiple accounts. It allows you to control an unlimited number of managed accounts from one trade terminal. AxiTrader has invested greatly with these MT4 platforms to MT4 servers to ensure that the MAM solution provides the fast and reliable service account managers need to service their clients. If you were looking for more options concerning trading platforms, you can check my top forex brokers list to choose the best option for you. If you have any questions, feel free to leave me a comment and I’ll get back to you.

I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. Over 60,000 former Axitrader clients with live accounts from over 100 countries have continued to trust Axi with their online trading operations. For a full comparison, we decided to take a full combination of their fees in all accounts and compare them against the same standard offered in other leading brokers. Axi’s Pro account is definitely at the same level as most of their similar competitors. The real strong advantage is their Elite account which definitely outranks any other FX commission offer out there with a $3.5 per lot round turn offer.

Traders from Malaysia, Singapore, and Canada may also open accounts at Axi, but US traders cannot trade at Axi. The only requirements are name, country, e-mail, phone number, and application type, which took me less than 30 seconds to complete. New accounts require verification, following well-established industry practices.