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. Axi’s educational articles are grouped according to the relevant trading topics making it easy for traders to find information on specific topics. All the deposit methods offered by Axi are instant and free, we did not make a deposit via bank transfer.

This account does not have the lowest spreads but on the plus side, there is no commission fee. Overall, I found the cost to be the same whether you paid the commission separately or have it included within the spread. Myfxbook Autotrade is an online automatic analytics tool that connects with your forex trading account directly through your MT4 trading platform. It lets you analyse your trades and copy strategies from other traders. You can search for systems that meet your requirement by filtering statistics that matter the most to you.

This is only available to their UK and Irish traders though due to regulatory requirements. Again here you will be glad to find there is no minimum deposit needed. In 2014, an Investment Trends report found that Axi forex broker had the strongest brand association as being ‘trustworthy’. This was backed up in 2017 when the Investment Trends Australian forex broker report gave it the highest overall client satisfaction. This could be attributed to the CFD broker being Australian owned, with an Australian customer support team.

• AxiTrader is an Australian based (Sydney), owned, and ASIC regulated Forex broker.
• Axi Blog includes market research, education, and corporate updates.
• This platform offers convenience, increased automation, and broadened functionality.
• It is an above-average trading cost, and I recommend traders avoid it.
• Dive into our informative Axitrader Vs pages below to find out how Axitrader stacks up against other leading brokers.

Axitrader is a reliable platform that can be considered trustworthy due to its strict regulatory practices. 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.

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. As for the important question about margins, Axi offers access to flexible leverage options.

However, traders who prefer the MT4 platform will be right at home with AxiTrader. Axi processes client withdrawals via most of the payment methods available for deposit making it convenient for its clients to withdraw their funds. We were particularly impressed by the axi forex broker low spreads charged on Bitcoin trades, which are less than a third of the industry average, making the broker very attractive to Bitcoin traders. Axi charges low fees for all the instruments on offer including Forex pairs, indices, commodities and cryptocurrencies.

The Trustpilot Experience

This is based in Sydney meeting ASIC training requirements for staff. 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. The only issue is of course, being able to afford the $25,000 minimum deposit to get such conditions and also being an eligible professional client if you’re located in Europe. While Axi does not offer deposit bonuses, it presently maintains two promotions for affiliates. Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy.

Also, UK-based retail clients’ funds are insured via the Financial Services Compensation Scheme in the event of broker insolvency, as we discussed earlier in the review. The broker does not guarantee the same-day receipt of funds, as processing times are subject to the receiving bank processes outside their control. After filling in the account creation forms and uploading the relevant documents, you will have to wait until the broker verifies your account. When your trading account is verified, you are welcome to fund your trading account using any of the payment methods available on the broker’s website. The website is encrypted to ensure the safety of your personal information.

FAQs-The most asked questions about Axi:

Axi cater for all levels of traders with their leading trading technology being advanced enough for the more experienced traders whilst being simple enough to use for the less experienced. The powerful and reliable trading platforms are available in numerous languages. You can trade from your computer or mobile with all of the tools needed for analysing the markets, placing and managing positions.

Axi review and test – How good is the broker?

I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. I have been with AXI for two years and my experience has been nothing but awesome. MPESA deposit for those in Kenya is amazing, withdrawals are fast , fast order execution and a friendly customer care team …. Axitrader withdrawal fees vary on payment method.Axitrader doesn’t charge inactivity fees.

The short answer is Yes, Axi’s Pro account offers ECN-style tight spreads. You can access 140+ currency pairs for forex markets, a $0 minimum deposit, and fast execution with award-winning customer support all from one location through MT4. Axi is an award winning, regulated online broker created by traders for traders.

What Is Our Opinion On Axi?

It’s essential to note that the trading instruments offered under the Axitrader brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Axitrader trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

They offer tight spreads, low commissions, rapid trade execution speeds and a range of different markets. Advanced platforms and trading tools ensure an excellent trading experience. AxiTrader is a smart choice for savvy forex traders looking for a MetaTrader 4 Forex broker with enhanced features, strong customer service matched with relatively high leverage.

Axi MT4 Desktop Platform

If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position. The next step involves submitting identification documents for Axitrader account validation and making a deposit. Once completed, Axitrader users can download the trading platform of their choice.