Spreads at Axi, especially on the Standard Account, are comparatively wide relative to other brokers. While competitive in certain conditions, this can increase overall trading costs, particularly for traders who execute frequent trades or operate on narrow profit margins. Yes, Axi provides copy trading through its partnership with MyFXBook AutoTrade. This service allows traders, particularly newcomers or those with limited time, to effortlessly replicate trades and strategies from more experienced and successful traders.
IC Markets Global
With this platform, you can gain insights into live market trends by viewing how others are trading using its sentiment indicator. While Axi provides a functional trading experience through MetaTrader 4, its overall platform and tool offerings are average. This may affect traders looking for high-end analytical tools and integrated trading features.
Withdrawal Options 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. The first Axi account type available that you will note as being both available and popular, is the Axi Standard Account. This account type has no minimum deposit at all and provides an excellent and highly competitive spread for you to start trading of just 0.4 pips with no additional commission.
Trading indices is generally considered safer than trading individual stocks since no single company can sharply influence the overall price of the index. A stock CFD is a derivative that allows traders to speculate on the price movements of an underlying stock without owning any actual shares. When trading a CFD on Apple, for example, the contract’s value changes in line with the real stock price, yielding profits or losses based on its price fluctuations. In this review, we will pay attention to the critical aspects of Axi, which you should consider before deciding whether to trade with this online brokerage.
- Besides Autochartist, I like that Axi aims to help traders achieve goals.
- We reached out via the live chat function and the second agency gave us the correct reason why our Neteller withdrawals were cancelled.
- The MT4 platform can be customized to a great extent, but is a bit dated and Axi’s web platform can be slow at times.
- The broker also supports multiple languages, enhancing accessibility for traders from various regions.
Web Trading Apps
Customers also should bear in mind that Axi processes withdrawal requests only on weekdays during standard working hours. Traders who are looking to profit from some of the world’s most popular stocks can consider trading stock CFDs with Axi. You can use bank transfers, credit/debit cards, and electronic wallets to make deposits. As someone deeply involved in prop trading, Axi Select has been a game-changer. The platform’s seamless execution and diverse array of trading strategies have elevated my performance to new heights.
It has a 24-hour trading feature that lets trades continue to be placed, even when you’re away from your trading terminal. You can set your own tolerance to risk with stop loss contingencies with the use of flexible risk parameters. Axi was founded in the year 2007 and was rebranded from AxiTrader to Axi in 2020, with a goal to be the online broker that traders would like to trade with. Since then, the company has risen and has grown to be one of the largest and leading Forex brokers in the world.
- AXI stands out for excellent regulation, competitive pricing, and a reliable copy trading app, but its asset range is smaller and platform choice is limited compared to some rivals.
- But we may not give Axi a 100% pass mark overall on fees since their commission fees of $7 per round turn for the Pro account are high compared to some of their competitors, such as Fusion Markets.
- Most traders make decisions on whether a market is rising or falling when looking to place a profitable trade.
- All of the courses are available for free to anybody, anywhere in the globe.
- AxiTrader offers in-depth articles on many trading topics to help traders improve their trading results.
- When the market value falls, you can ‘sell’ the asset, and when the price increases in value, you can ‘buy’ the asset you choose.
AXI supports margin CFD trading but does not offer traditional stock investing, staking, or crypto custody services. Axi was launched in 2007 as an Australian-based financial service provider. The online broker offers traders access to various financial assets using innovative trading platforms. It offers some of the industry’s leading trading conditions, such as ultra-low spreads from 0.0 pips, high liquidity, flexible leverage, and more.
Does AXI offer any promotions or referral programs?
It obtains its revenue from spreads in its standard accounts and commissions charged in its pro accounts. Financing costs on overnight positions or swap rates are applied and passed onto traders. Axi provides competitive fees with a transparent pricing structure, making it an appealing choice for traders seeking cost-effective trading conditions. The broker provides flexibility in its fee model, with floating spreads for Standard accounts and tighter spreads for Pro and Elite Accounts.
Axi trading platforms and tools
It allows me to focus on managing my risks while clearly tracking my performance. I like how transparent the scoring system is, and it’s helped me improve as a trader. Plus, the reset axitrader review option feels fair, especially when you hit a rough patch but want to stay in the program.
Trusted Broker Reviews
The Axi Desktop MT4 Platform is a comprehensive trading solution that caters to the needs of traders seeking a variety of tools and features. With access to over 150 trading products, including Forex, Commodities, Share CFDs, Indices, Cryptocurrency CFDs, and more, MT4 provides full market coverage. MT4 WebTrader retains the powerful functionality of the desktop version, including charting, customizable indicators, and real-time market data.
After comparing several brokers, I found that Axi consistently offered lower spreads on major currency pairs. Additionally, there are no hidden fees, and their transparency around costs is refreshing. From my experience with Axi, I can confidently say they are one of the most professional brokers out there. My trading style involves scalping, so fast execution and stable pricing are critical.
The Standard Account offers low spreads without commissions (other fees may apply), making it ideal for new traders or those who prefer a straightforward fee structure. For more advanced traders, the Pro Account offers raw spreads with a commission per lot, providing tighter spreads for those trading in higher volumes. Since the company is managed by traders themselves, they understand the need to have a great 24-hour service and give their best to deliver it to their clients. It offers an advanced and developed MetaTrader 4 (MT4) platform that allows traders to enjoy the maximum capacity to trade. The brand also promotes the security of the funds of its clients, wherein the funds of the customers are segregated from their own company’s funds.