Overall then, Axi is a top choice for algo-trading with many supportive features and an excellent environment to carry out your trades. This can be carried out very effectively through the EAs feature of the MT4 trading platform. This means if you are a scalper then the broker is an excellent choice thanks to the supportive environment, low spreads, and fast ECN execution.

Available Assets at Axi

The correlation trader will show you the correlation between different instruments and can help to find potential trading opportunities and for order management. This regulation gives me confidence that they are a broker who I can trust with my funds, so I am able to focus on my trading without any worries. I would always prefer to use a regulated broker as they should always operate in a transparent manner. Limit orders will help manage your entry into new positions, and the margin calls provided will ensure your equity never drops below a particular level.

• The Axi Trading Circle is an exclusive online trading community that makes it easy to connect with leading experts, qualified analysts and traders all around the world.
• There is no minimum requirement, and the fact that all clients get a dedicated account manager makes it attractive for beginners.
• Traders must request withdrawals from the secure client portal, and the name of the Axi account must match the one on the payment processor or bank account.

Customer Support Contacts

You shouldn’t have any problems opening charts, loading indicators, setting alerts, entering and managing positions. Axi are a regulated broker that must be compliant with strict regulations and standards that are put in place to protect investors. Please keep in mind that as Axi are regulated in different markets by different regulators, each are subject to a different set of rules. A total of 51 charting indicators and 31 drawing tools are available thanks in the most part to MT4 and the other third party platforms. One click trading directly from the charts is also available which is perfect for scalping, and price alerts can also be set.

Account Types

From our assessment, Axi is trustworthy due to its compliance with multiple regulatory requirements and its readiness to handle and resolve all customer complaints. Yes, Axi is regulated by four different regulatory bodies across its many locations. However, it might not do so indefinitely, and you won’t necessarily find every type of asset – at least not in the near future.

It accomplishes this by linking forex traders to their forex trading accounts. Users may follow other traders or enable other traders to follow them by linking to Myfxbook. A crypto transaction with verifiable transaction hash on the blockchain? Such a shame this broker is a shady one.If deposit can be like this then I wonder if I’ll be able to ever withdraw funds if i earned profits from trading on this broker.

Inactivity Fees

You can though open another demo account easily with just some basic information such as your name, country, and a valid email address. Considering the downsides or limitations of the broker, there are a few points to mention. The number of available axi forex broker assets at just over 130 may be a concern for some experienced traders though the list does include forex, index, commodities, and cryptocurrencies. Our Compare Forex Brokers’ Axi review found that it has a US subsidiary called Axi USA.

That means trading with Axi isn’t only safe, but also monitored by the best in the market. A big proof of Axi’s authenticity and reliability is just proved via this part of the Axi trader review. The content is quite thin yet it can prove to be useful for complete beginners with no experience in the financial markets. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. We are confident that Axi is a legitimate forex broker with a strong track record. Its regulatory status under respected authorities like the FCA and ASIC adds to its credibility, showing a commitment to industry standards and regulations.

The table below highlights some of the key broker areas, and the pros and cons in each. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. Yes, you can start with a Standard account at Axi and upgrade to a Pro account later if your trading requirements alter.

Both Standard and Pro accounts require no minimum deposit to enjoy Axi’s trading experience and highly competitive spreads. The demo account is a practice account that comes loaded with virtual funds for practice purposes only. This is the most popular version of MT4 that is used by millions of traders across the globe to trade the financial markets. From the high performance MT4 terminal you can access Axi’s full selection of trading instruments. You simply download and install MT4 for PC or Mac and login to your account to start trading.

They are a top choice for low spreads, fast execution, trading platform choice, and no minimum deposit. Although no direct social or copy trading is available, they do allow algo-trading, scalping, hedging and offer a list of great VPS though have a limited range of 130 assets to trade. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures.

The volatility analysis gives information related to the volatility of markets at any given time with an adjustable risk parameter to identify instruments that meet a certain volatility criteria. 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.

The account comes with a lower round trip commission than the pro account at $3.5, and while it shares the same lot size as the other live trading accounts, its maximum lot per clip is 200 lots. Axi offers traders a free demo account to practice trading without risking any real funds. The account operates from the MT4 platform and comes with  $50,000 worth of virtual funds, access to real-time spreads, and a complete replica of the live market. The demo account typically has a 30-day expiry date, though users can potentially request an extension. They have a sizeable range of tradable instruments and offer advanced trading tools, along with competitive spreads, relatively low commissions, and fast execution through the MT4 trading platform.

This included comparisons to popular currency brokers including Pepperstone and IC Markets. This is because their ‘No Dealing Desk Brokers‘ allows direct trading with liquidity pools, which also enhances execution speeds. This account is designed for intermediate forex traders looking to minimise spreads when trading. To keep costs low, AxiTrader does not widen the spread but instead charges a commission of $7USD round trip for each standard lot. The Elite Account offered by Axi is designed for discerning traders willing to deposit a minimum of $25,000. With the lowest fees in tow, this account starts with spreads as low as 0.0 pips and has round turn cost pegged at $7, similar to Pro Accounts.

Backtesting is a crucial step in developing and refining strategies, and having extensive data allows you to truly test your approach across different market conditions. Forex trading involves buying and selling currency https://forexarena.net/ pairs to profit from fluctuations in exchange rates. Forex traders basically try to buy cheap and sell high to make a Profit. Secondly, develop a deep understanding of the platform’s charting and analysis tools.

Within the Islamic accounts in Axi, you don’t have any interest rate on the buy or sell orders along with swap-free accounts. ASIC also stipulates that brokers should have a representative office in Australia, and cannot operate from an overseas location. Compared to similar competitors, Axi has a great base currencies offering. While in the end, the choice of broker comes down to personal preferences, Axi is a good option to include in your shortlist. However, while these resources offer a good level of market information, the quality is not exceptional when compared with the likes of IG or CMC Markets. We can’t fault Axi’s regulatory status, with oversight from two top-tier financial agencies.