The lot commission is about $7 or the local currency equivalent per round trip. As most traders may know, fees are one of the most important criteria when it comes to choosing a broker. We also want a broker to be transparent with the fees that they charge. 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. There are arbitration processes in place that are able to deal with these issues.
Brokers By Country
Moreover, for those traders who trade more than 20 lots per calendar month, Axi will credit your account with $34.99 which can be used to pay for hosting. Duplitrade is an extra feature that is offered for free to all of those AxiTrader clients who have more than $5,000 in their accounts. You can of course also test it in a demo to make sure it works for you. For those traders who are constantly on the move, you will be happy to know that MT4 platform is also supported on your mobile device. Metaquotes has developed MT4 applications for both iOS and Android devices. Which account you end up choosing will depend a great deal on your own personal preferences and trading experience.
- Millions of people worldwide use Android mobile devices and tablets, and Axitrader offers its clients access to the MetaTrader 4 platform on these devices.
- Axi processes client withdrawals via most of the payment methods available for deposit making it convenient for its clients to withdraw their funds.
- If funds have not arrived after the indicated time, you can contact their 24-hour support team which is available 24 hours a day, Monday to Friday.
- You must also ensure the Axitrader broker’s profile, trading tools, fees and regulation aligns with your needs and goals.
- Being regulated by numerous reputable authorities is excellent, and it’s crucial to be open and honest about fees, account types, withdrawals and deposits, and other matters.
AxiTrader’s Customer Oriented Approach & Regulatory Compliance
Additionally, Axi provides access to popular trading instruments, offering traders ample opportunities for portfolio diversification. The Premium Account is aimed at traders who seek enhanced services and greater flexibility in their trading experience. The account is only available to residents of certain Asian countries who meet specific criteria, including a minimum deposit of $500. The typical spreads for Premium accounts are included in the bid-offer spread for each product and may vary depending on factors such as transaction size and market conditions. Millions of people worldwide use Android mobile devices and tablets, and Axitrader offers its clients access to the MetaTrader 4 platform on these devices. With the Axitrader MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets.
What are Tier 1 banks and why should Axitrader use them?
What’s best as well about the service and assistance being offered by Axi is that the firm offers free eBooks. This is also something to look forward to when trading with AxiTrader. Most traders make decisions on whether a market is rising or falling when looking to place a profitable trade. As a trader, you need to know the volatility and trend of the market you want to trade in. When the market value falls, you can ‘sell’ the asset, and when the price increases in value, you can ‘buy’ the asset you choose.
Axi Select sets itself apart with its unparalleled trading tools and features. The platform’s advanced charting, market insights, and customizable interface provide a tailored experience for traders. The exclusive events and webinars for Axi Select members add significant value. For those who seek a trading platform with cutting-edge tools, Axi Select is the ultimate choice.
Axi Select’s focus on providing competitive spreads is a significant advantage for cost-conscious traders. I’ve made several withdrawals from my Axi account, and the process has always been smooth. The funds are typically transferred within 48 hours, which is faster than what I’ve experienced with other brokers.
The deposits as well as withdrawals are free of any additional commission and do not have any lower limits. Clients residing in the UK can deposit and withdraw at AxiTrader through Debit/credit cards, e-wallets, bank transfers, and cryptocurrencies. However, those who wish to trade with high leverage with no protection can choose SVGFSA but this is very risky. Traders can also choose the account currency axitrader review in this step between GBP, CHF, EUR, PLN, and USD.
Does Axitrader offer negative balance protection?
- The company does not charge an inactivity fee and promotes simple and fast execution.
- Choosing the right broker is essential to ensure your Axitrader investments grow and flourish.
- AxiTrader is an FCA regulated forex broker that allows trading on CFD instruments through MT4 trading platform.
- Something that we quite liked about AxiTrader is that they are fairly open and transparent.
One of the primary considerations when evaluating a broker, such as Axitrader, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. We aim to provide you with all the information in this Axitrader review you need to determine if Axitrader is the right fit for you. But we don’t stop there – we also offer valuable insights into other great alternatives to Axitrader, so you can make a more informed decision and compare other brokers against Axitrader. Individual users receive Negative Balance Protection, which guarantees they will not lose more than what they’ve invested with AxiTrader.
For high-volume traders using the Elite Account, commission rates are customized to provide even greater cost advantages with a $3.50 round trip. The Pro Account is tailored for more experienced traders and charges commissions of $7 per round lot. It was founded in 2007 and is known by its previous trading name, AxiTrader. After the successful operation in the first years, the broker has already been ranked among Australia’s most trusted Forex brokers with a strong brand association and quality trading offering. Withdrawing money from Axitrader processing time varies depending on the method but averages 1-5 days. While it may be a new skill set for some, it is what the market requires for success.
Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch. After providing basic details, clients need to choose a strong password which will be used to access the live account AxiTrader and the trading platform as well. Traders in the UK have four options namely Standard account, Pro account, Spread betting account, and Swap-free account. Both the accounts provide mostly similar types of trading features except the AxiTrader spread along with the cost of trading and related trading conditions.
Such assurances are a clear warning sign of a potential scam, aiming to exploit those new to investing. Legitimate platforms focus on educating users about market volatility and the importance of making informed decisions. In contrast, Axitrader.org relies on exaggerated claims to attract users who may lack a full understanding of cryptocurrency trading. Axi offers a trading platform that is not only powerful but also intuitive.
CFD trading on Axitrader allows traders to speculate on the price movements of various financial instruments against the broker Axitrader, without actually owning real assets. With CFDs, Axitrader traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset. When using Axitrader, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. With STP execution on the Axitrader platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing. The next step involves submitting identification documents for Axitrader account validation and making a deposit.
AxiTrader Account Types
Commissions are not charged with the Standard account, but you can expect a higher spread that starts at 0.4pips. It is more suitable for novice traders, especially in addition to the Copy Trading platform. The previously mentioned facts combined with our research on Axi’s user opinions and online reviews still grants them a safe broker status. This could be an attractive solution for those professional traders who trade high volume through their algorithms.
Our team has endeavored to break down the complex world of trading with Axitrader into easily digestible information in this Axitrader review. We want to ensure you have all the knowledge necessary to use the Axitrader trading tools confidently, from depositing and withdrawing funds to executing trades. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.
You must be diligent and thorough in your Axitrader review selection process to safeguard your hard-earned money. It’s crucial to do your due diligence and research the reputation, track record and trust worthyness of Axitrader. You must also ensure the Axitrader broker’s profile, trading tools, fees and regulation aligns with your needs and goals. If you are a highly experienced and professional trader, the MT 4 Elite account is perfect for you. Thanks to their partnership with Manchester City, you can also win exclusive prizes such as VIP pitch-side experiences and behind-the-scenes tours.
The variety of trading instruments available ensures that there’s always an opportunity to capitalize on market movements. The platform’s intuitive interface and robust tools make trading a breeze. I love how responsive the customer support team is—they’re always there to assist promptly with any queries. They are consistently low, even during volatile market conditions, which helps me maximize my trading profits.
It has competitive spreads from 0.0 pips and fast execution with minimal slippage. The firm offers as well Forex pairs to trade and spread betting as possible. AxiTrader has the lowest trading fees and doesn’t have any minimum deposit required. Users do not have to share personal details like the history of bank transfers, transactions, account details, or any bank statement, etc. After opening an account, you can access the account through the AxiTrader login! If you have any issues when trying to open an account, you can get in touch with customer service through phone support, email address, or live chat.