AXI AxiTrader review 2023 ++ Scam or not? Broker test

axi trader review
axi trader review

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. You can simply download it completely free from a Mac-based solution. AxiTrader Regulation, Financial Security, and Customer SupportTrade more than 6,000 markets without commissions and professional platforms.

Scammers always pretend to be from a legit broker and try to con people. If you feel any additional concerns, you should call in and talk to them about this. Other than that, they seem to take client trust very seriously. In 2016, AxiCorp announced that it had received a significant strategic investment from RGT – a leading Australian private equity firm.

To give you a brief summary: Axi (previously known as AxiTrader) is an Australian forex broker, regulated by top-tier authorities such as the UK's FCA and Australia's ASIC. THE ESSENCE: The minimum deposit at Axi is $0.

Also, in the year 2017, it won ‘Highest Overall Client Satisfaction’ in the Investment Trends Australia FX Report. The company accepts funding options such as Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY. Also, Axi allows broker-to-broker transfers from selected companies. As it promotes fast processing of funds, it means that processing should take no longer than 10 minutes to reach your account.

An Overview of AxiTrader

Axi is an ECN forex broker founded in 2007 that has become one of the largest forex brokers in the world. For those who want to trade in precious metals, the platform offers XAG/AUD, XAU/EUR, XPT/USD, XAG/SGD, XAU/USD, among others. Commodity traders can access to cash CFDs such as US oil, UK crude oil, and Futures CFDs like Brent crude futures, soybean futures, WTI crude oil futures. WhaleClub is a unique broker which uses their own custom built CFD trading platform.

Upload documentation to verify your identity and country of residence. This can be either a copy of your passport, driver’s licence or ID card, as well as a recent bank statement or utility bill. To gather data and review Axi, we’ve tested and assessed an Individual Pro Account.

How long does axi withdrawal take?

All requests will be processed within 1-2 business days upon receipt.

AxiTrader has offices in London, Sydney, China and Dubai and thus traders can get in touch with their customer support desk twenty four hours in a day. In fact, they also offer MT4 support and assistance to their clients, thereby aiding them in enjoying smooth and hassle-free trading. Additionally, traders can also place a request for a call even if they’re not registered as a member with the broker.

MT4 professional account

However, here is their reply, “These are subject to regulatory standards and as per our company policy, deposit methods available will always be based on your country of residence. I saw that they accept cryptocurrency deposits and withdrawals, but I haven’t used this method with them yet. At the time I deposited, the profits had to be withdrawn by a bank account and not by crypto too, so I decided to do it by bank transfer. AxiTrader has no minimum deposit requirements, you are free to deposit any amount for its standard and PRO accounts. AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority 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.

They also have won numerous awards and have a high trust rating on Trustpilot. Lastly, you can also get hold of customer support via the online live chat feature that their website supports, which is available 24/5. Axi has a few ways to take care of its clients in terms of customer support. They offer the ability to call them toll-free in many regions located across the globe.

You will also need to provide documentation such as a passport, driver’s license or other government-issued ID. Additionally, you may need to provide proof of residence or other documents such as bank statements or utility bills. Finally, you may need to provide financial statements or other information depending on the type of account you are opening. The company is also a member of The Financial Commission, an international organization engaged in resolving disputes within the financial services industry. When using Axi Copy Trading, you will be able to select from a wide range of traders to copy, allowing you to find the best possible strategy for your risk tolerance and trading goals. You will also be able to manage your risk by setting the maximum amount of money you are willing to risk and the amount you want to invest in each trade.

We’ll take this on board and get back to you as soon as possible. Please read AxiTrader Reviews below and share live trading experiences with this broker. Overall, AxiTrader Platforms are ranked 7.9 out of 10 compared to over 500 other brokers.

AxiTrader is authorized and supervised by the 2 key regulatory bodies, the Financial Conduct Authority and the ASIC. Scamadviser uses all this information to create a trust score. As its trading platform, Axi decided to focus on the popular MT4 terminal. This is the most popular platform for retail Forex trading, and it also allows you to install custom indicators and Expert Advisors. Despite these drawbacks, Axi could certainly be a great choice for many traders.

How Can I Open Axi Account? A Simple Tutorial

In recent years, the company has changed its brand from AxiTrader, and it is now known as Axi. Axi can trade more than 80 currencies with ultra-competitive spreads, fast execution and high liquidity. In short, AxiTrader facilitates entry into the world’s largest financial market.

axi trader review

AxiTrader may not have the best platform provisions, but they have unique features that make them a good choice to trade with. The New Terminal Window shows you the alerts, gives group function templates and manages the OCO to make sure that forex trading in international markets is easier. However, in general, the broker seems to have a great reputation. The license issues are probably temporary as the broker continues to enjoy success and great reviews from clients and industry experts. Moreover, given that these VPSs are located in high speed datacentres, you have very little latency when it comes trade execution. This is especially important for those traders who use high frequency trading algorithms.

AxiTrader Review: A Comprehensive Review of Axi Trader

The tool shows you when you make mistakes and helps you improve your trades. The PsyQuation Premium tool is available to AxiTrader clients. The job it has is to offer you trading signals, in-depth forecasting, and quantitative analytics for better trading.

  • In the British unit, there is no minimum level for either the standard or the PRO.
  • Axi offers competitive pricing on its PRO account, with low spreads and round-turn commission per trade.
  • It is important to note that high leverage has an inverse effect as well, where it could work in reverse of the trade.
  • If you would like to add details to this online Axi or you find inaccurate details Axi broker review please get in touch with us and the changes will be applied.

For both new and experienced traders, there is a wealth of educational content. Become more knowledgeable and improve your trading skills with exclusive expert insights, trend analysis, and views on the latest market news. RGT, a leading Australian private equity firm, made a significant strategic investment in AxiCorp in 2016.

Customers service are unhelpful, dismissive and refuse to provide a proper explanation or proof that 34.5 pips should have happened. They post great content that included market commentaries that give traders all kinds of ideas on how to think about the trades. If you combine that with what is provided by the Autochartist plugin and the AI-based PsyQuation Premium tool, you end up with a package that can get you through most trades.

However, these are relatively easy to rectify and it is possible that with enough requests, they could include them. Our review has found AxiTrader to be an honest, respected and well-established broker. Having been in operation for over 10 years, the broker has clearly earned the kudos that have been bestowed upon it. Lastly, AxiTrader is still unavailable to large markets in regions such as the United States and Canada.

Selected companies also have the privilege to allow broker-to-broker transfers where a user can transfer their funds from one account to another within the AxiTrader brokerage. A live chat can also cover some training topics wherein an expert answers the questions and satisfies them. Besides the live chat feature, an FAQ section educates the clients with reliable answers and improves their trading experience. AxiTrader also generates researched information from a market analysis section that taps into online content and runs a market commentary. This information is packed with trade ideas that support the outsourced research produced by the tools.

Is AXI regulated?

Yes. Axi is authorised and regulated by the Australian Securities & Investments Commission (ASIC), AFSL number 318232. Axi UK is a trading name of AxiCorp Limited which is registered in England and Wales under registered number 06378544.

Axi holds an Australian Financial Services Licence and a New Zealand Derivatives Issuer Licence. Furthermore, it offers traders Secure Payments, Segregated Funds, Instant Payment Options, and Easy withdrawal procedures. There is no minimum deposit at Axi, resulting in applicable requirements based on payment processors. Axi offers some of the best swap rates industry-wide, something I urge traders to consider who keep positions open overnight, as it makes a notable difference.

axi trader review

Only last year, 2018, AxiTrader gathered awards for being the winner of ‘Best MT4 Provider’ in and UK Forex Awards. It also won in the same year ‘Most Trusted Forex Broker’ in UK Forex Awards. AxiTrader is a forex and CFD broker authorized with licenses issued by the financial authorities; ASIC, DFSA, FCA, FMA and FSP. If all required documents are submitted (copy of photo ID, proof of address, etc.), the account can be configured within 24 hours . Transactions on commodities such as gold, silver and oil, as well as major stock market indices of the world’s largest markets are also available.

Axi deploys Pelican’s copy trading app to address demand for social … – FinanceFeeds

Axi deploys Pelican’s copy trading app to address demand for social ….

Posted: Thu, 11 Nov 2021 08:00:00 GMT [source]

AxiTrader is not a financial adviser and all services are provided on an execution only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. Important legal documents axi review in relation to our products and services are available on our website. You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary.

Is Axi real?

Australia-based Axi is a low-cost forex broker ideal for those who need some extra tools to build their trading strategies. It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup.