The mobile trading capability is particularly important in any review of trading platforms as most traders operate from mobile phones, and Axi performs quite well on that metric. Among the over 70 forex pairs available for trading at Axi, you can find a great variety of forex pairs to choose from. The platform’s array of tradable assets is quite robust, as it allows trading CFDs in all kinds of forex pairs, indices, commodities, and crypto assets. All of these come at fairly great spreads and leverages, though how much of the latter a trader gets to enjoy depends on the limitations set by the regulatory body in their region. Additionally, the charges are fairly reasonable, and the commendable variety of payment methods makes deposits and withdrawals pretty easy. Due to commissions and spreads that the broker charges, only floating spreads can be offered.
- Axi is known to offer competitive pricing, unbeatable value, free educational tools, and award-winning 24/5 customer service.
- Since joining BrokerChooser, he analyzed and tested 50+ brokers.
- The web trading platform of Axi is highly customizable and has a clear fee report.
- Axi is a trusted brokerage firm that offers its services to over 60’000 traders across 100+ countries worldwide.
- Due to this, the raw spreads on the account are highly competitive, allowing this account to charge a high commission.
And upload a copy of your original documents, e.g., ID card, Passport or driving license, utility bill, and bank statement. Also, they alert mobile users on all the recent activities carried out within the trading environment. That’s why whoever the client engages can start off trading without worrying about threats. In most instances, the AxiTrader may ask you for identity proof for the withdrawals to ensure a safe transaction. If you’re paying through Bank Wire, it’ll easily take 1 to 3 working days for the amount to reflect in the account.
Welcome to the new Axi Client Portal!
For instance, the spread for forex pairs may be as low as 0.0 pips to as high as 690 pips (USD/KRW). For services that other brokers charge considerable fees for, the Axi trading platform either doesn’t charge any at all or simply charges minimally. This means that you can still use Axi if you trade frequently, such as several times each week or every day.
Unfortunately, the copy-trading platform is not available for desktop PCs at the moment. While forex and crypto trading involves trading in currency pairs, commodity trading involves trading in raw materials such as oil and precious metals like gold and silver. Of course, both forex/crypto and commodities involve the use of leverages, but the former requires a lot more leveraging than the latter. According to Axi, trading commodities on their platform is less about trading in the actual materials and more about trading the underlying price movements of the relevant commodities.
Axiprovides five different account types, Standard, Pro, Elite, Islamic Swap-Free, and Risk-Free Demo trading accounts. Theminimum depositamount required to register anAxilive trading account ranges from $0 USD – $25’000 USD. Axi provides five different account types, Standard, Pro, Elite, Islamic Swap-Free, and Risk-Free Demo trading accounts.
Islamic (Swap-Free) Account
Australia-based Axi is a low-cost forex broker ideal for those who need some extra tools to build their trading strategies. It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. Opening an account is easy and no minimum deposit is required.
Moreover, you don’t find any big difference between mobile and web-based trading platform, which is also a good point. The app is easy to navigate and delivers a seamless user experience. Also, traders can make use of MT4 NextGen, which puts forward advanced functionality. Axi offers traders over 140 Forex Pairs plus Metal CFDs to choose from.
The major difference is that you can set alerts and notificationsin the form of mobile push and email notifications on the desktop trading platform. To set alerts, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app’s settings), by going to the ‘Tools’ menu and then ‘Options’. Similarly to the web trading platform, Axi provides only a one-step login.A two-step login would be safer. The withdrawal method must be the same as your deposit method, except for deposit via bank card to withdraw to your bank account. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers.
However, this account can only be used for trading for 30 days. After that, you can easily open another demo account with basic information, such as your name, country of residence, and valid email address. Even though you seek resolution on Sundays or holidays, get prompt solutions with their multiple customer support options. Through https://forexarena.net/ guides and infographics, AxiTrader turns out more than just a trading platform because it delivers advanced insight to the trader through vivid data. AxiTrader, along with its power-packed features, spice up your trading experiences. An expert trader can step up their experience level through these features provided by AxiTrader.
Axi standard account: best for day traders
In addition, two energy sources – oil and natural gas, and two agricultural commodities such as coffee and cocoa. Answer frequently asked questions to help the system check your trading experience. The regularly updated blog ensures that the user grasps clear-cut information about trading.
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The demo account will assist well in how to use this online trading platform. But, that isn’t a surprising fact, because there are plenty of online trading platforms available out there axi review offering the same leverage. But, no commission for trading is charged by the broker on a standard account. Therefore, the spreads start at 1.0 pips only for standard account holders.
Axi Customer Reviews
The broker is mainly focused on forex trading, and traders will find a wide variety of features available to assist them in achieving their goals. As a result, you can choose from a wide range of 80 currency pairs, including popular currencies such as GBP, USD, EUR, and JPY. In addition, it boasts liquidity from the biggest banks in the world on a global scale, making it a truly global platform. Further, the platform is very competitive in terms of spreads, with some being as low as 0.0 pips. Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company.
Its customers can trade with complete trust and transparency since Axi broker is regulated in the UAE by Dubai Financial Services Authority under reference number F003742. After your application has been approved, you will be able to log in and fund your account with the currency of your choice. If you would like to get started on an account with Axi, you can click on the yellow ‘Open Account’ button on the top right of the screen on the Axi website to begin the registration process.
An economic calendar is also provided with multiple filters, such as ‘Country’ or event ‘Category’. As of January 6, 2021, the FCA has banned the sale of crypto derivatives to UK retail consumers. If you are not familiar with order types, readthis overview.
Find the funding function and select the option to withdraw your funds. Open the account options, but select ‘login to an existing account’. Overall, the mobile version of MT 4 comes with virtually all the functions you can find in the desktop version. Unfortunately, the mobile version screen is limited in resolution, and that limits the capacity of mobile traders to enjoy the full technical analysis potential of MT 4.
In our Axi Review, we haven’t found anything specific with the spread and commission structure. What you find here, other sites also follow the same structure. Hence, you can find Axi’s other branches in London and China as well. Check out the current account balance requirements at Axi in our What is the minimum account balance at Axi article.