Financing costs on swap rates or overnight positions, however, apply. The AxiTrader Dubai branch was established in 2018 and is controlled by the Dubai Financial Services Authority . With its strong foothold in the UK, the firm is currently trying hard to capture the European retail trading market. Further, the firm also launched its London branch in 2012, China branch in 2015.
When it comes to trading platforms, besides the MetaTrader 4 platform, clients can access different trading tools. These eur tools can be helpful in trading, and beginners in trading can access educational resources to gain trading knowledge.
You can reach a negative balance during the market gaps, system failures, or other conditions. The margin call will be executed when your margin reaches the 100% level. When your margin level reaches the 20% level, then the margin stop-out level will be executed and your trades will be closed. The table below shows the account types available from FOREX.com, Pepperstone, IC Markets, and FxPro compared with AxiTrader. i haven’t equivalent cost of the LTTTM course as a trading credit directly into trading account. Step 4 – Then Fill In This Form To Inform AXI You Want To Receive The Special Offer Here and they will credit the equivalent cost of the LTTTM course as a trading credit directly into trading account. If you’re going to be doing business with a broker, you should know how you’ll be giving them your money – and getting your money back.
CFDs are complex instruments, due to leverage retail accounts lose money. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. AxiTrader, or Axi, is a competitive and reliable forex broker that has established a name for itself in the industry. It offers a wide range of features and services that benefit both novices and experts. Its MT4 offering, as well as its MT$ NextGen, are highly praised by traders worldwide because of its high-level functionality and great user experience. It is also straightforward and easy to navigate, making it a popular choice for beginning traders.
The mobile trading applications are designed and developed by their internal team of software developers as well as tested by skilled traders before making them available for consumers through the web store. Currently, AxiTrader Broker ranks among the top Forex Brokers and financial brokerage firms not only in Australia but also in other markets. Additional enhancements of MetaTrader 4 have been made throughMT4 Next Generation, which gives you access to extra features.
Does Axitrader Have A Good Reputation?
Being on the market for more than 13 years has taught AxiTrader that having the polished trading platform is an essential requirement for any broker. That’s why the AxiTrader MT4 is the main software AxiTrader Forex Broker Review people can use here. MetaTrader has long been an industry standard and there’s just no way of going wrong with it. This is free and has self-paced courses and tutorials in 24 languages.
Besides the regulation, finding a broker that provides low spreads and fees is very important. We will cover these details and other details such as funding methods, withdrawal methods, forex currencies, account types, margin, and other details. Before you sign for an account with any broker, first, you need to research. It’s very important to find a reliable and trusted broker that’s regulated and offers competitive fees, spreads, and complete experience in trading.
With the VPS hosting offered by AxiTrader, traders can better protect their trading activities from downtimes. By using VPS hosting, external providers can be used to ensure that trading activities are not affected by technical problems or a bad connection. An external server ensures that the platform runs without interruption. For this reason, VPS is also particularly suitable for traders who make use of automated strategies. Though, in the event that the amount to be withdrawn is greater than the initial deposit amount, you can also select a new method. A requested payment is usually processed by AxiTrader within 24 hours, so that the customer receives their money quickly. Withdrawals at AxiTrader are handled in such a way that they are aligned with the selected method of deposit.
You can follow the real trades of ZuluTraders, which are real trades in that traders’ broker accounts. There, you can find ZuluGuard to protect against volatile trading strategies and other advanced risk management tools. To make up for the fact that some brokers offer longer demo accounts, AxiTrader does offer the ability to use the demo account for an unlimited period of time. To take advantage of this, however, you must sign up for a live account. Once you do so, your account manager can change the settings of your demo account so that it will not expire. This allows traders of all skill levels the opportunities to test new strategies.
Again in 2017, the online broker received the award for “Most Reliable Forex Broker” from the AtoZForex.com website. In 2012, the company received its first award for the “Best Spreads” at the China International Online Trading Expo. In the same year, the subsidiary AxiCorp Limited was founded in London, which is regulated by the British financial authority, FCA. Since then, customers in Germany no longer trade directly through the Australian-based broker, but rather through the London subsidiary, AxiCorp Limited. AxiTrader’s mainstay MT 4 trading software brings a very competitive technical solution to trade through the financial market to make a respectable profit for traders in every trading session. A dedicated multi account manager is provided to all the traders operating an account.
Leverage And Margin
As a result of AxiTrader being one of a handful of brokers that say they don’t have any requotes, you are able to eliminate slippage from the equation. Once you have chosen the online broker, AxiTrader, and want to deposit money into your live account, the next step is to take a closer look at the payment methods offered. AxiTrader also provides world-class customer service with extensive free education material like video tutorials and research tools to all Retail foreign exchange trading their registered traders to learn about trading strategies. AxiTrader trading platform provides its customers with a wide range of options like more than 80 currency pairs, and over 140 cross pairs. 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. Traders can opt for similar order types and order time limits as AxiTrader’s web platform.
The account manager assists the traders with the training of trading and other market information, and also helps them improve their trading style. As per our AxiTrader review, AxiTrader offers different types of trade accounts to its traders and does not charge any inactivity fee. Both the accounts provide mostly similar types of trading features except the AxiTrader spread along with the cost of trading and related trading conditions. Over 60,000 former Axitrader clients with live accounts from over 100 countries have continued to trust Axi with their online trading operations. AxiTrader acts as a market maker with theirMT4 Standardtrading account option, where spread-mark-ups are applied but no additional charges or commissions occur. TheirMT4 Pro Accountis an ECN type trading account option with fixed commissions and no additional spread mark-ups. With this trading account option AxiTrader does not act as a market maker and there is no dealing-desk intervention.
Axitrader Scam And Market Education
The accounts are based off-of MT4 in general, as they’re called Pro and Standard respectfully. When it comes to the AxiTrader MetaTrader 4 software, it’s pretty much the same you’ll find anywhere else in the industry. The moment we noticed that AxiTrader was regulated in Saint Vincent and Grenadines, all of our scam alerts were blowing full time. As we’ve mentioned multiple times in other reviews, the FSA license is no better than no license at all. However, once we found out that the brokerage was owned by a credible corporation from Australia, all of our concerns were gone completely.
Since Axi is a MetaTrader-only broker, Android & IOS of the MT4 app are available for download from the Play store & app store respectively. Traders can monitor their trade and take entries immediately with mobile devices. Debit and Credit Cards – Payments are instant, and Axi does not charge any fees for the first 50,000 USD deposited. Accounts are denominated in AED, CAD, EUR, GBP, JPY, NZD, PLN, SGD, and USD. In conclusion of this AxiTrader review, we’d say that the company is quite solid in its offering, one of the best to be sure. Despite the slight controversy at the beginning about an offshore license, the broker’s reputation and quality seem to be emulated in several opinions floating around the web as well. We’ve very rarely seen the broker to broker transfer feature and it should be commended how AxiTrader managed to partner up with their direct competitors and convince them to have this feature.
Find this by visiting the Traders Tab, then Our Advantage, and looking under Our Service. The available documentation includes the spread betting agreement, key information documents, product schedules, execution policies, and the client agreement, among others. AxiTrader account can be funded by several options including Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY. Also, there are selected companies with whom company allows broker-to-broker transfers, so you can either transfer your account from another brokerage to AxiTrader. With AxiTrader you’ll be able to keep your trading costs quite low, as the broker shows market-competitive spreads across a wide range of currencies, commodities and indices . During liquid times the spreads may go as low as 0.0 pips, and broker truly adheres to ensure costs at the most competitive available.
You can view historical data charts and descriptions by clicking on news events. You can even filter the calendar by event impact, currency pair, or other factors. There is also the ability to see the time left until key news events.
AxiCorp is the parent organization of the AxiTrader, AxiPrime and AxiSelect brands. 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. In terms ofeducational materialand trading resources Axitrader offers a selection of free webinars, video tutorials and eBooks as well as a standard economic calendar. No fees or extra charges apply when utilising these tools and resources. Currently, Axi only supports the MetaTrader 4 platform, but with the growth in popularity of MetaTrader 5, we do expect support to be added for the newer version soon.
PsyQuation is one of the world’s most advanced data analytics plugins for retail traders. The MT4 Pro Account is very similar to the MT4 Standard Account, with the same perks and trading assets; the only difference is that a 7 USD round trip commission per lot is charged on trades. Spreads start at 0.0 pips, and there are no minimum deposit requirements. AxiTrader review conducted by the team of ForexSQ.com for those who want to know all about the AxiTrader.com broker.
- One of the biggest drawbacks with this Forex broker are the very limited options for deposits and withdrawals.
- All information comes from providers’ websites with each provider offering free demo accounts to trial their offering and trading currency.
- In this version, traders have access to a variety of ready-to-use trading strategies that they can apply and try out.
- A dedicated multi account manager is provided to all the traders operating an account.
- The firm’s in-house and outside research tools, including AutoChartist are provided with the MT4 NextGen package that helps traders to differentiate it from other MT4 brokers.
- To fund your account, you can use multiple currencies such as USD, EUR, AUD, CAD, and other currencies on both account types.
By browsing this web site and / or using our help or search tools, you’re asking Engine Forex to supply you with information about products available from multiple brokerage firms or financial institutions. We however do not cover every online broker or trading platform available in the market. Every attempt is made to ensure information published is correct and up to date, however no guarantee or warranty is given as to its accuracy or reliability. When clicking on an “Open Live Account” button, you will have an opportunity to review the product’s terms & conditions on the provider or brokers web site. The broker rating displayed is only one factor to take into account when considering these products. We are not a brokerage firm, and in providing you information about brokers and online trading products, are not making any suggestions or recommendation to you about a particular firm, product or trading account.
Broker By Country
Those looking for an all-in-one trading experience may want to consider some of the larger brokers such as CMC or IG. There are two Axi account types that impact the fx broker costs when trading with Axi. AxiTrader offers trader an ECN-type account option with theirMT4 Pro Account. TheirStandard Accountis not a true ECN account and spread mark-ups apply. With this Standard Account type, AxiTrader applies a market maker brokerage model.