AxiTrader’s demo account offers a risk-free environment for traders to practice and learn with real market conditions and access to educational resources. However, it has a limited duration, and there can be emotional differences when trading with real money. As per our AxiTrader review, AxiTrader offers different types of trade accounts to its traders and does not charge any inactivity fee. AxiTrader offers three different account types, demo, standard and pro. The demo account is purely for practice, while the two live accounts have no set minimum deposit.
- In case of an unsettled dispute between the broker and clients, clients are protected by up to GBP 85,000.
- Of course, you can also give it a whirl with a free demo account beforehand.
- The account is only available to residents of certain Asian countries who meet specific criteria, including a minimum deposit of $500.
- The broker offers the industry-standard MT4, along with good trading tools and Copy Trading features, catering to various trader preferences.
Investment Options Axi
For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service. Autochartist provides the bulk of research content at Axi, but the Axi blog also features a weekly market review.
We tested all our trades via the MetaTrader 4 mobile app on our iPhone. Axi offers a well-rounded educational program, making it a good choice for beginner traders. The third-party PsyQuation trading analytics platform also provides an excellent tool to make traders better. AxiTrader offers local phone support in the UK with GBP as the base account currency. No commission or currency conversion fee will be applicable to UK clients at AxiTrader. At the time of this review, the total number of available instruments at AxiTrader is less than 150.
Evaluation includes researching the Axitrader management team, track record, and services. When it comes to online trading with brokers like Axitrader, carefully review Axitrader as your broker can make or break your success. Choosing the right broker is essential to ensure your Axitrader investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders. This is definitely something to have an eye on, as particularly newer traders may not be familiar with how rapidly markets move.
Risk Warning:
The broker employs advanced security measures, such as encryption technology and secure payment gateways, ensuring safe and secure transactions. I’ve been using Axi Select for a few months, and the Reset Edge score system has been a great option for me. 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 option feels fair, especially when you hit a rough patch but want to stay in the program. Compared to some of its competitors, Axi’s asset variety is more limited.
- There isn’t any confusion with regards to the AxiTrader platforms since MT4 is the only platform available for trading.
- The primary reason why the AxiTrader Forex trading platform prefers to use the popular MetaTrader 4 is that the application is built for traders of all experience levels.
- Do not invest with Axitrader unless you are prepared to lose all the money you invest.
- We highly recommend getting a demo account before going live in trading because it is important to practice your skills and strategies as well as be comfortable with the platform.
AxiTrader lets you enjoy trading wherever you are whenever you want with its mobile trading. It is quick and easy to install, full of functions like charts, alerts, and analysis to help you keep pace with the market in real-time. AxiTrader mobile trading app connects your main MT4 trading terminal to give you trading flexibility to the maximum.
Is the Axitrader Trading Platform Secure?
While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 70 currency pairs. Perhaps the most unique feature of Axi is AxiSelect, offered to users trading under AxiTrader Ltd. This groundbreaking capital allocation program gives talented traders the opportunity to get funding of up to $1,000,000 USD and gain up to 90% of the profits.
The broker provides some market analysis on its blog, but the information is not frequently updated to keep up with market events. The main difference with Islamic accounts is that instead of daily swap rates, there is an administration fee charged if you hold positions for more than 3 nights. Looking at the spreads charged in our trades, we found that they were all lower than industry benchmarks.
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. It allows you to spot new opportunities and cut down money management errors by the use of its correlation trader feature. Also, it has an economic calendar that alerts you to huge events that enable you to stay on top of the market action.
More recently, the broker has tried to appeal to customers with their offer of some of the lowest spreads on the market. For example, with their pro accounts they are offering traders close to 0 spreads on some of the major forex pairs. From robust security measures to a variety of trading instruments, this broker offers a dependable platform. The responsive customer support further adds to the overall positive experience, making Axi my preferred choice for forex trading. Axi offers a diverse range of trading instruments beyond just forex pairs. I’ve enjoyed exploring commodities and indices, which adds more variety to my trading portfolio.
Axi Features
This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring Axitrader’s platform. Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, Axitrader trading losses are always limited axitrader review to the current balance of funds in the trader’s account.
The broker’s transparency didn’t fail us yet again, and we did come across AxiTrader product schedule documents. A product schedule is a complete list of the products and fees offered by the broker. Further investigation will support our theories, but for now, AxiTrader didn’t let us down. The content is quite thin yet it can prove to be useful for complete beginners with no experience in the financial markets. Moreover, given that these VPSs are located in high speed datacentres, you have very little latency when it comes trade execution.
There are two different fee structures at AxiTrader that depend on the account type chosen by the trader. The Standard account is a spread-only account with no trading commission while the Pro and Elite account offers low-spread trading at the expense of a trading commission. Axi (AxiTrader)’s asset offering is clearly designed for high net worth forex traders. With over 140+ currency pairs and their killer Pro and Elite account offerings, they definitely become an attractive choice for seasoned currency traders.
It is well written and features charts with easy-to-understand trading ideas. The Axi blog also features high-quality educational articles, and I recommend that traders of all levels take a look, as there is plenty of thought-provoking content. Five eBooks are also available free of charge, which you can download once you provide your name, country, phone number, and e-mail address. They are required for opening an account and are therefore not an obstacle to new clients. The video library and YouTube channel consist of a wealth of trading -related content.
If beginners as well as expert traders would like to access the online financial trading world, AxiTrader makes it available for them. They recommend it for its rewarding trading environment, smooth browsing experience, and user friendly dispute resolution process. The application is extremely user-friendly, and numerous world-class trading tools and graphs are available, which makes it ideal for all forex and CFD traders. They have an extensive track record in the industry and are well known for their relatively attentive customer service and extensive asset coverage. They also have a range of trading platforms and give traders numerous customisation options. Axi Select prop trading platform offers unparalleled advantages with its lightning-fast execution speeds, allowing traders to capitalize on split-second opportunities in volatile markets.
Traders who like to develop their own trading algorithms and Expert Advisors usually tend to purchase a VPS server to run their scripts on. They also have a section that covers some of the latest charting setups from a technical analysis perspective. However, this seems to be quite outdated and has not been updated since October in 2018. If you prefer to get a print version that you can download for offline reading, then they include their free ebook. You will need to hand over your contact details in order to get sent the ebook. We downloaded the book and it appears to be pretty stock and standard (not a customised solution).