Axi Review: UK Edition 2023

Otherwise, you will not be able to answer the questions they ask. A bank statement or utility bill that is no older than three months, showing your address clearly. These documents are used as proof of the address you provide and ensure that you live in the country you indicated. In comparison with other brokers on the same level, like Pepperstone and IC Markets, you can see the fee differences.

A reliable and efficient broker must adhere to strict financial regulations laid down by reputed regulatory bodies and authorities. In fact, regulation is one of the first points that must occur to a trader at the time of choosing a forex broker. While, regulation may not guarantee that your money is safe and secure, it does provide you with some peace of mind, as you will have someone to turn to for resolving your disputes and issues. Yet another important aspect that must be taken into account at the time of picking a broker is the type of conditions they offer for trading.

I was not able to open account

We have gathered the best technologies, products, and services to ensure that every trader is… WebThe biggest UAE forex broker is Avatrade which has excellent Islamic accounts and the best Arabic language support. Since Axi was founded by traders for traders, axi review the firm understands the importance of costs and fees in trading.With that said, Axi does not charge an inactivity fee or withdrawal fees. What’s best about trading with Axi is that it has no minimum deposit requirements, you are free to deposit any amount.

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Withdrawals, isn’t back into the funding credit card like, mentioned in the company documents. When you become more profitable, the MT platform starts to freeze, with no signals coming through, nor is the platform responsive.

Axi’s Trading Tools

Trades from signal providers are placed automatically within your account and can be stopped at any time. You can follow multiple signal providers and do not need to be at your terminal when trades are placed. Risk parameters are flexible and can be set according to your own preferences. You will find a good choice of trading tools that can be used for assisting with your trading. I like that they are providing signals, chart analysis, multiple account management and more.

Axi’s trading tools transform the MT4 platform into a state-of-the-art trading terminal. Axi has a large range of funding methods, including those in GBP. It also charges no fees for deposits or withdrawals via any method, a rare feature amongst Forex brokers. On the other hand, the SVG FSA is not considered a regulator and does not supervise trading or protect traders, but allows Axi to provide its traders with much higher leverage.

AxiTrader Deposits & Withdrawals Services

Five eBooks are also available free of charge, but Axi asks for a name, country, phone number, and e-mail address. They are required for opening an account, and therefore not an obstacle to new clients. The video library consists of eleven courses, consisting of numerous lessons. While the videos in each are short, they introduce each topic to new traders. I think beginner traders can start there and then research more online.

Axi Withdrawal requests will be processed within 1-2 business days upon receipt. Since the company is managed by traders themselves, they understand the need to have a great 24-hour service and give their best to deliver it to their clients. It offers an advanced and developed MetaTrader 4 platform that allows traders to enjoy the maximum capacity to trade.

Does Axi allow scalping?

These tools can be said as the main ingredients for having better or good results. Charting helps traders track and watch asset price movement and market volatility in making their trades. We have brought out an extensive review of this company and found it legit and recommendable. This broker provides maximum flexibility on deposit requirements for all traders. Axi allows you to trade indices, commodities, cryptocurrencies and several CFDs with fairly tight and competitive spreads.

Gives you everything you need for happier clients, more revenue, and less stress. To find out more, download our free trading app, or visit /int. You can trade commodities without needing to purchase the physical asset as you are simply trading on the price movement of the underlying asset or instrument. Some of the most popular traded commodities are gold, silver, oil and gas.

The broker is known to harvest the best out of the Autochartist MT4 plugin, its VPS hosting, and the PsyQuation Premium service. This regulatory suspension, however, has no impact on the international clients that AxiTrader LTD operates. Both entities are different and fall under distinct jurisdictions. Hence, AxiCorp LTD, which runs AxiTrader, has not suffered any license suspension. It remains fully compliant with all the designated regulators. While these issues fall under its corporate umbrella, AxiTrader continues to work as a genuine broker, expanding its market share across the globe with every passing year.

Pro accounts – Typically lower spreads, $7 round trip commission. Standard accounts – Typically higher spreads, no commission charges. Scamadviser uses all this information to create a trust score. Even in the view of its minor discrepancies and some unanswered regulatory questions, AxiTrader represents genuineness in assisting the forex trading requirements of people.

PsyQuation Premium has more powerful indicators, frequently updated trading signals, comprehensive forecasting and institutional level quantitative models. Users have exclusive access to a suite of advanced trading tools that includes the Order Flow Sentiment Indicator . OFSi allows users to view the Buy and Sell order flow of 22,000+ live trading accounts. You can also receive custom alert notifications via the app, email or SMS. Myfxbook Autotrade is an online automatic analytics tool that connects with your forex trading account directly through your MT4 trading platform.

Even worse, insurance companies, banks, businesses, and even the government could have access to that. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Axi makes the popular MetaTrader4 trading platform available.

Right now, they host over 40,000 traders with 8 offices around the world to ensure smooth sailing. You should not worry about your personal details as the website of Axi is encrypted to secure your personal information. Also, with regard to sending your ID, this may be done electronically. Continuation patterns are price patterns that show an existing trend with a temporary interruption. This type of pattern helps traders determine the decision to take on your next move, whether you are selling or buying an asset for better trading results. The mobile trading platform of AxiTrader lets you enjoy trading wherever you want, whenever you want.

What is the minimum deposit for Axi?

Worst forex firm I ever seen, I registered then I could not login again, am wondering system asks for Mt4 credentials while am not able even to login to my dashboard to open mt4 account!! Am just imagining if this happend during live trading urgent action required !! Can’t trust them again, they have serious system issues, support is bad late reply non profissional reactions. In order for us to investigate this matter, please email us your full name, account number, and the details of your concern to or provide it on the Trustpilot request we sent. Or at least inform the client about the dates and the products of the rollover when you see that traders use them. As its trading platform, Axi decided to focus on the popular MT4 terminal.

• While, the asking price is used for buying an order, the bidding price is used for selling an order.
• Axi provides training in the form of documentation and live online.
• The perceived high risk of losing money when trading on AxiTrader has been debunked in this review.
• However, you will need to make a USD 25,000 deposit to open this account, and the currencies you can trade in are limited.
• The blog contains updated financial news and articles on trading, as you would expect.
• Account opening is easy and fully digital, without any minimum deposit, which is also great.

This is useful for those who need to access their account whilst on the go from differing locations. MT4 mobile is freely available to download on both Android and iOS via the relevant app stores. Traders need to recognize that there is great risk involved with trading financial instruments and this level of risk is not suited for all traders. Like any of the reputable and successful brokers, AxiTrader provides you with a demo account that will allow you to familiarize yourself with how it all works. Traders can diversify and do more when they have access to great markets and financial instruments. The selection at AxiTrader is somewhat limited when you compare them with other brokers on the same level.

We were also impressed that beginners have access to high-quality, structured learning material and frequent market analysis. Keep in mind that although they do not charge any funding fees, there may be some third-party fees when using certain payment methods. Bank transfers may take a few business days to clear whereas card payments and e-Wallets can be instant. When you trade indices with Axi you trade on the performance and price movements of stocks without actually purchasing physical ownership of an asset.

BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . We https://forexarena.net/ received quick and mostly relevant answers to our questions. However, the news section lacks charts and other visual elements.