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 axi forex broker information. Axi accepts traders from the UK and South Africa and has an office in each. Traders from Malaysia, Singapore, and Canada may also open accounts at Axi, but US traders cannot trade at Axi.
- The minimum withdrawal is $5, and funds typically take 2 business days to show up on a trader’s bank, crypto, or e-wallet account, though it may take as much as 5 days for international transfers.
- They provide advanced trading platforms, special tools, and a trust-driven trading experience under strict Top-tier regulations of ASIC and FCA.
- The demo account is a practice account that comes loaded with virtual funds for practice purposes only.
- Axi (formerly AxiTrader) is a trustworthy, established broker with competitive trading conditions.
- Catering to traders from the EU to Australia, Singapore and Indonesia, the client portal opens up 130+ products, copy trading functionality, plus multiple account options.
Customer Service
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 does charge an inactivity fee, which adds to the excellent cost structure. Aside from these two points, it’s not necessary to include a MT4 review as the platform stays the same across all brokers regardless of the brand name chosen.
Deals & Promotions
This is because their ‘No Dealing Desk Brokers‘ allows direct trading with liquidity pools, which also enhances execution speeds. This trading account is designed for beginner forex traders as it’s not a market makers account. This forex trading account spreads are wider than their Pro account however the account has no commissions. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.
How Can You Deposit And Withdraw With Axi?
VPS hosting ensures fast execution and no downtime by making sure your platform keeps running 24 hours a day. One of Axi’s VPS partners is ForexVPS, which offers state-of-the-art SSD drives located in New York. For the Basic VPS edition, Axi will cover up to $34.99 of the monthly fee if you trade more than 20 lots in a calendar month.
All the deposits are processed instantly while the withdrawals can take up to 5 days to settle. The MT4 forex trading platform is ideal for forex traders of all levels. The forex trading platform is very clean, and all the charts and other trading tools are easy to find and use. The Axi mobile trading platform is provided through MT4 mobile and is available through iOS, Android, and your tablet devices. Again this mobile platform is easy to use and provides comprehensive access to all markets including powerfully detailed charts and tools so that you miss none of the action even on the move.
Key Pros and Cons
Copy established strategies and portfolios from hundreds of traders all over the world right into your MT4 platform to automate and simplify your trading experience. For EU traders, Axi has a comprehensive selection of educational tools, including webinars, video tutorials, online education and e-books. The application can be downloaded from the official website or app store and enables traders to operate in the same manner as they would on desktop devices.
An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets. Commodity trading is the buying and selling of raw materials, such as crude oil, wheat, corn, rice, and so on, which are important to the global economy. Crude oil is the most traded energy instrument on this broker’s platform. When you invest in stocks, you pay the total price up-front to take some ownership of an asset and can only profit when the price of the stock increases.
But at least, it does eventually refer you to customer service on the mail, which typically takes 2-3 days to respond. Traders also have access to a pretty robust FAQs section that does a great job of anticipating popular customer queries and answering them, which was pretty helpful for this review. Additionally, the platform provides bilingual customer service by phone, and you can call them on any of their lines depending on your location. This third-party platform is fully available to you, whether you favor a desktop PC trading experience or mobile trading. The mobile trading capability is particularly important in any review of trading platforms as most traders operate from mobile phones, and Axi performs quite well on that metric. Axi is a global and multi-regulated forex broker with Headquarters in Australia.
I actually pay a third-party provider around $30 per month for a VPS. It is a vital tool for me as I need to simultaneously run multiple MT4 platforms 24/7 for my automated systems. If you think that a VPS would be useful to your trading activities, Key to Markets also give you free VPS access if you trade enough volume. The multi-account manager (MAM) is a built-in trading tool that allows you to conveniently control multiple accounts from one trading terminal. It can execute multiple blocks of orders on all accounts that are operating under a master account with 6 allocation methods and all order types accepted.
Traders must request withdrawals from the secure client portal, and the name of the Axi account must match the one on the payment processor or bank account. I like the hassle-free withdrawal approach at Axi, as it adds to peace of mind when trading. We will also look at the users’ reviews and answer some frequently asked questions. Internet banking and crypto payment options are not available in every region, however. Let’s do a brief review of some of the deposit methods and their relative speeds. Axi also operates on mobile platforms, allowing clients to conduct trades on iOS and Android devices through its proprietary copy-trading app and the third-party MT4 and MT4 Webtrader platforms.
Let us provide a breakdown of those two categories and see how Axi has positioned itself on this front. Axi Overview – A competitive trading environment for algorithmic trading and scalpers. Depending on the method, Axi withdrawals can take anywhere between 24 hours to 5 working days. From our assessment, Axi is trustworthy https://forexarena.net/ due to its compliance with multiple regulatory requirements and its readiness to handle and resolve all customer complaints. These are the charges for holding a leveraged position for more than a day. These charges may range from 1.7% for the EUR/USD forex pair to 3.4% for stocks like the Vodafone CFD.
MT4 mobile is free to download from the respective app stores on both Android and iOS. This is the most widely used version of MT4, with millions of traders across the world using it to trade the financial markets. Axi’s entire range of trading instruments is available via the high-performance MT4 interface. MT4 includes a user-friendly interface and a variety of perks and features, such as technical indicators for chart analysis, automated trading, one-click trading, and versatile charts and tools. Axi MT4 has the benefit of having invested in co-located servers and fibre optics for speedier trading.
You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. The broker uses industry-standard security measures to ensure that client data is kept safe. As such, all data is encrypted during transmission and the company uses cutting-edge software to protect traders. The Autochartist feature offers automation and trading signals on forex pairs.