AxiTrader Review 2023 Updated :Is Axi Trustworthy and Legit?

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. For professional traders, the company offers to use the Next Generation of MT4 – MT4NexGen. This platform is available free of charge for clients who open a live account with a minimum deposit of 1,000$. The short answer is Yes, Axi’s Pro account offers ECN-style tight spreads.

In this regard, the focus is obviously on FX pairs, but metals and indices are covered as well, not to mention cryptocurrencies. For those looking for enterprise-level security and infrastructure, AxiTrader has struck up a special deal with Beaksfx VPS. The service, which normally costs $60 per month, is available to such traders with a 30% discount.

Is trading safe in AxiTrader?

In terms of educational material and 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. One of the biggest drawbacks with this Forex broker are the very limited options for deposits and withdrawals. Deposit methods only include debit and credit cards (VISA, Mastercard, Maestro and JCB), Neteller, Skrill, bank wire transfers and broker to broker funds transfer. Payment options vary depending on the client’s country of residents and are very limited as well. It has over 10,000+ registered users and over 16 years of experience on its record.

In the trading world, brokers like Axitrader, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don’t require advanced research tools or features. I like the trading experience at Axi as the Pro account offers raw spreads from 0.0 pips for a commission of $7.00 per round lot. I also appreciate the swap rates, which accurately reflect the global interest rate environment, free of excessive broker mark-ups, as evident at many brokers. While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs.

AxiTrader review

Selecting the right broker is vital for your AxiTrader investments to thrive. However, be cautious of counterfeit and untrustworthy brokers hiding in the shadows, ready to exploit naive traders. AxiTrader’s customer support team was helpful and provided direct and relevant answers to our questions, but not at all times. On our first interaction with the customer service team via live chat we received an inaccurate answer to our question. We tested all our trades via the MetaTrader 4 mobile app on our iPhone. Axi does not offer any other trading platforms, which is a drawback.

• Each trader wants to trade with a Forex Broker who truly understands their needs.
• The minimum deposit that you must deposit to begin on AxiTrader is $0.
• Between 74-89% of retail investor accounts lose money when trading CFDs.
• While some of these services are available for free, there are paid options as well.
• There is likely to be a high risk of losing money when trading with the AxiCorp Financial Services Pty LTD because the license stands suspended.

AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority (UK) and by the Australian Securities & Investments Commission. Since over-the-counter derivatives carry significant risks traders should be assured they’re dealing with a transparent provider, which can be provided only by the regulated broker. Axitrader is not a scam but voted timelessly for its trustworthiness, with low-risk Forex trading.

Is Axitrader a con?

It allows these expert developers to create their own fully tested trading algorithms. You can either run these live in your account automatically or you can choose to copy select developers. When you install it on your device it connects to the AxiTrader server from with your MT4 account details. This has a pretty extensive array of features for a mobile trading application.

• This platform is more developed, with more features to enjoy for professional traders.
• These signals can be used to trigger new trades because the reversal may cause a new trend to start.
• If you feel that AxiTrader is not right for you then at the bottom of this AxiTrader review you will find a lot of alternatives to AxiTrader.
• The broker is also committed to customer service by responding to consumer complaints and feedbacks within 24 hours, which helps in increasing customer satisfaction.
• When you have open Buy and Sell trades in the same asset, you’ll be required to pay half of the usual margin amount.

Without these tools, implementing any trading strategy could render it useless. Three unique features make AxiTrader a success in the trading game. The broker is known to harvest the best out of the Autochartist MT4 plugin, its VPS hosting, and the PsyQuation Premium service. On the technical side, AxiTrader is the official trading name of the company – AxiTrader LTD. As a broker, AxiTrader is a company that is supposedly regulated and authorized in St. Vincent and the Grenadines region’s Financial Services Authority.

AxiTrader Review: Is it a Scam or Legit Broker?

Coupled with the Correlation Trader, this tool streamlines efficiency and eliminates money management errors. The Standard Account features different trading conditions than the Pro one. It does not charge any commissions, https://forex-review.net/axitrader-review-scam-or-legit/ but its spreads start from 1 pip. The company that originally launched the operation is an Australian one. AxiCorp Financial Services Pty Ltd is a registered Australian and New Zealand financial service provider.

We also used this and we were able to get an instant response from an agent at AxiTrader. There are a range of different CFD products that you can trade at AxiTrader. These are both spot CFDs as well as a selection of CFDs on Futures (future price). Analysis and proper reporting is always key to successful trading. Through NexGen’s Automated Trade Journal, this aspect of the trading activity takes on an entirely new dimension.

AxiTrader Regulation and Licensing

Our account was approved after submitting all the required documents. Another example that is more trading-related is from JackW, who considers AxiTrader to be a decent choice for investment. We have browsed the internet for some user reviews about AxiTrader. Provide the email address, phone number, country of residence, and other particulars in the online application form. The use of these applications is suitable for specific circumstances, which is why AxiTrader clients must determine their use for their needs. We have spent years researching the best alternatives to Axitrader.

Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive a commission from the companies we feature on this site.

Is Axitrader a good broker?

Check out the current account balance requirements at Axi in our What is the minimum account balance at Axi article. Is Axi legit features all the key aspects you need to look at to see if a broker is safe and legit. Being regulated by several top-tier financial authorities is a great sign for Axi’s safety. Under ‘Learn to Trade’, you can find seminars and webinars to watch. However, we found that these are only scheduled for certain language pages, with many of them indicating loading errors at the time of the review. We liked the market analysis section, which can be found on the website under ‘Markets Blog’.