This can be carried out very effectively through the EAs feature of the MT4 trading platform. This means if you are a scalper then the broker is an excellent choice thanks to the supportive environment, low spreads, and fast ECN execution. Overall then Axi is a great choice if you prefer a feature-filled proprietary trading platform. If you are looking for direct copy trading though, there may be more ideal choices. There are more than 50 forex pairs available and you will find the average spread is just 0.2 pips on EUR/USD and 0.5 on GBP/USD with Pro Accounts, which is very low.
This is unfortunate for those traders who like to open positions on particular companies. There are other administrative charges that you may incur which include things like sending duplicate statements as well as debt collection charges. Regulation is perhaps one of the most important questions that any trader may have about a broker. We would strongly recommend any trader that is considering using an online CFD broker to confirm their regulatory status. Spread betting and trading both carry a high level of risk to your capital with the possibility of losing more than your initial investment. These products may not be suitable for all investors, and are not available to individuals under the age of 18.
- The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
- These details will be verified by submitting a soft copy of the documents.
- Leverage is a quite known instrument, which obviously multiplies the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly.
- 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.
- The trading world is a passionate and growing industry where the trading volume is constantly on the rise.
There is no lower limit on the deposit and withdrawal amount at AxiTrader in Australia. The minimum deposit amount for retail traders is 1 unit of the base account currency. To trade with the elite account, professional traders need to deposit a minimum of $25,000. AxiTrader offers traders access to top-notch technology including unique MetaTrader 4 add-ons, features and tools such as ‘AxiTrader NexGen’. Furthermore, the new PsyQuation Premium platform is available for those traders that are looking for an even more advanced and higher performing trading platform than the standard PsyQuation.
The MT4 WebTrader is a platform that can be used directly from your browser, and it gives you access to MT4. The base currencies are the same as the ones you can use when depositing, a total of 11 such as PLN, AUD, CAD, EUR, and others. Some of the non accepted clients, due to tier regulations are the US, Iran, Iraq, North Korea and a few others.
What is the minimum deposit for AxiTrader?
The broker is regulated by the top-tier UK FCA and the ASIC, which have stringent rules and enforcement mechanisms. The platform is available as a webtrader, again directly through your browser. It can also run on almost any device and has over 50 indicators and charting tools in places along with being a very easy to use platform. If you are into algo-trading, then you will also benefit from the availability of EAs here that you can get from the trading community to implement, or code yourself.
Does Axi Have Research And Education Services?
This will vary depending on the interbank interest rate that is being applied on the currencies at the time. AxiTrader will charge their own spread to this which is +1.25% for a long position and -1.25% for a short position. There are other fees that you are likely to incur that are related to the CFD product. These include a “swap fee” that is used to adjust for interest rate differentials between the two base currencies. 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.
Demo Accounts are another feature offered by AxiTrader for practicing trading with fake funds that are available on the AxiTrader login page after you open an account. The connection time was under a minute and account managers were professional, able to quickly answer both generic and more advanced questions. Axi is a reputable broker offering a solid amount of FX instruments, albeit a relatively small number of CFDs via it’s FCA and ASIC-regulated entities. For a full list of all of the CFDs on stocks and local indices, check their website Axi.com. While Axi does not offer deposit bonuses, it presently maintains two promotions for affiliates.
AxiTrader Deposits and Withdrawals
PsyQuation is being recognised as one of the world’s most advanced trading platforms for retail traders. The platform offers many powerful and unique indicators, quantitative models that are at an institutional grade level and frequently updated trading signals. 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.
Account Types and Execution
AxiTrader further offers a few interesting VPS service options, which are especially beneficial to high-frequency traders or those who use automated trading strategies. The broker focuses mainly on Forex trading by offering a large selection of currency pairs but not many other financial instruments which may be a disadvantage for some axitrader review traders. With clients all over the globe, the online broker AxiTrader offers high-quality, multi-lingual 24/5 customer support through live chat, a toll-free phone hotline and email. Our review found, that their award-winning service was named ‘#1 for Customer Service’ in the December 2013 Investment Trends Australia FX Report.
The broker’s average spreads for the popular instruments in each market was below industry averages. We traded the popular instrument in each market to determine the actual spreads and placed 12 trades in total. There are also video tutorials on the MT4 trading platform and eBooks available on both forex and stocks to keep you https://broker-review.org/ up to date and growing your knowledge. Here you will be able to take full advantage of the deep liquidity provided by more than 20 liquidity providers with hundreds of additional sources to Axi. Through the very intuitive platform you will also have completely integrated access to trading across seven different exchanges.
Evaluation includes researching the Axitrader management team, track record, and services. This is actually quite an impressive list of services that range from trade copying software to social trading and trade analytics software. Some of these services are also well known to more professional traders. It’s worth noting that the availability and extent of research and educational tools may vary based on the trader’s account type and jurisdiction.
There you see the range of techniques that is very well supported, alongside a broad offering of VPS services that not every broker makes available. ForexVPS – They offer 24/7 customer support at a price of $34,99/month, but Axi will cover the fee if you trade more than 20 lots per month. These include markets from around the world in Europe, Asia, and Australia.
This includes major, minor, and exotic currency pairs with excellent value spreads that start from 0 pips thanks to the extensive liquidity of more than 20 providers that is available to the broker. 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.
Established in 2007, and in operation for 17 years Axitrader have a head office in Australia. Our review has found AxiTrader to be an honest, respected and well-established broker. Having been in operation for over 10 years, the broker has clearly earned the kudos that have been bestowed upon it. Lastly, AxiTrader is still unavailable to large markets in regions such as the United States and Canada. Traders who like to develop their own trading algorithms and Expert Advisors usually tend to purchase a VPS server to run their scripts on.
As described on AxiTrader’s website, customers holding open positions with the broker must maintain minimum margin requirements as detailed in their Client Agreement. All positions have an initial margin requirement, and traders are required to keep an account balance over and above that requirement and any unrealised losses. 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. No additional fees are charged for trading index CFDs on the Axi Trader MT4 account solution.