Axi Review 2023 Pros and Cons Uncovered

Below is the Initial Margin rate and leverage tables at AxiTrader. Given that AxiTrader will have to had to have conformed with these requirements, you can feel at ease about the safety of using their services. Moreover, unlike with an unregulated brand, you know exactly which regulator to turn to should you have any issues with AxiTrader.

This includes the option to add an MT4 NexGen package plus the addition of Newswires from Dow Jones, an AutoChartist plugin and MAC OS installation file. When using AxiTrader’s MetaTrader4 Pro Account, traders can enjoy an ECN-type environment with lower spreads and generally faster execution speeds. AxiTrader offers a total of 80 different tradable financial instruments such as Forex pairs, a variety of index CFDs, metals, oil and other commodities as well as Bitcoin CFD trading. I have been a client of AxiTrader Limited (AxiTrader) since 2014 and now I am trying to get my funds from my account within 2 weeks.

AxiTrader Regulation

They’re among the world’s top trading platforms and a prominent figure in the Fintech revolution. You simply need to complete a single-user profile questionnaire to begin depositing money into your trading account. You’ll need to give an identity proof and proof of residency to deposit substantial sums. AxiTrader charges a withdrawal fee when you make a bank transfer.

• There are various options for funding your account, including bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller.
• While learning, you can also use global trading times to practice making live buy or sell trades using Axitrader.
• The broker AxiTrader was launched in the year 2007 in Sydney, Australia, and has advanced to become one of Australia’s largest Forex brokers.
• Finally, they will need to verify their account through the submission of identification documents.
• As a global market leader, AxiCorp, and therefore also AxiTrader, takes security very seriously.

The AxiTrader forex broker can be considered an average choice when it comes to trading. Whilst the broker is regulated by top tier authorities (the FCA in the United Kingdom and ASIC in Australia), our experts found that it didn’t offer a quality client experience overall. AxiTrader is a Forex broker that is owned and operated by a group of experienced Forex traders, who understand the discerning requirements of modern traders and investors in the FX markets.

I disagree with AXI’s copy trading…

You can also set the platform up to receive notifications via the app, email or an SMS. These alerts could be set at the intraday level in order to provide up to date suggestions for improving your trading. So, Tradency is a bridge between these expert developers and your trading account.

CFD trading on Axitrader allows traders to speculate on the price movements of various financial instruments against the broker Axitrader, without actually owning real assets. With CFDs, Axitrader traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset. Let’s explore each of these trading platforms in detail and what options Axitrader gives you.

AxiTrader Autochartist

Margin calls can be made at short notice and can lead to substantial losses that can exceed initial investments. A risk warning, that CFDs are complex instruments that pose the high risk of losing money, needs to be issued at this point. Account holders can send or receive funds via an ewallet, virtual bank account number in local currency, or a reloadable prepaid MasterCard debitcard. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card.

To better understand the Axitrader trading platform, you can create two separate accounts – one with real money and the other a Axitrader demo account. A Axitrader demo account provides a risk-free environment for experimenting with the Axitrader platform’s features and trading strategies https://forex-review.net/axitrader-review-scam-or-legit/ before risking your actual funds. This approach can help you gain experience and confidence in Axitrader trading decisions. Since the brokers are traders themselves, they understand the need to have a great 24-hour service, tight spreads, and fast execution with minimal slippage.

Does Axitrader offer negative balance protection?

When you fund money to Axitrader, money is in a segregated bank account that is separate from Axitrader company’s funds. As a regulated broker, Axitrader cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Axitrader. Instead, your Axitrader funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Axitrader. When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Axitrader terms and conditions. It’s important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Since then, the company has risen and has grown to be one of the largest and leading Forex brokers in the world. Axi offers its clients the ability to trade Indices, Commodities, Forex Cryptocurrencies, and Shares. They seem to offer a beginner friendly trading package with personalised customer service all with the security of a well-regulated international brand.