Axi Review 2024: Pros, Cons, & Fees

For instance, the spread for forex pairs may be as low as 0.0 pips to as high as 690 pips (USD/KRW). Axi have a generous range of trading instruments for you to choose from. You can access multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs & ETFs. Whatever your interests, there is something for everyone to trade. Whilst there should be more than enough for most of you here, IG have over 17,000. Axi offer weekly free webinars which cover a range of topics ranging market analysis, trade management, trading psychology and much more.

What Reddit Users Say About Axi

For their part, its clients are just as satisfied with the more simple and transparent trading environment. You can choose from the standard or pro accounts that are flexible depending on your individual needs. I appreciate that all of the accounts feature simple and secure funding, advanced trading platforms and powerful tools for finding trading signals. Axi cater for all levels of traders with their leading trading technology being advanced enough for the more experienced traders whilst being simple enough to use for the less experienced.

Reseña cuenta ECN y Forex

The company operates on a variety of third-party platforms that suit different trading needs, and these include the popular MetaTrader 4, (both basic and Web Trader versions), Myfxbook, and PsyQuation. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.

Review Methodology

I would always prefer to use a regulated broker as they should always operate in a transparent manner. Executing trades and opening and closing positions is uncomplicated, and with the windows and buttons making it straightforward, you can successfully place trades several different ways. It should also be noted that deposit and withdrawal options are easy to find on the Axi client portal and moving money around the ecosystem is generally streamlined and stress-free.

Sentiment analysis is often used as part of a contrarian trading strategy. After all, it is the sentiment that moves the market most of the time. I believe this is a tool that should be readily available in all platforms. The MT4 mobile platform allows you to seamlessly connect your mobile device to the trading platform.

Axi offers a mobile experience on MT4, which you can access on any mobile platform. To access the live market, you have to open an account on Axi by following the steps we have outlined in the Desktop platform section. You can then use the login you obtain to access the live market on MT4. Axi has a proprietary trading platform based on copy trading that allows users to copy the trade moves and patterns of expert traders on the platform. Unfortunately, the copy-trading platform is not available for desktop PCs at the moment.

Users complain of everything from their money being stuck to poor customer service. This user says they had to wait to receive their withdrawal for up to a month at the time of his review and had to go through an arduous back-and-forth with the platform’s service team. A spread is the difference between the selling and buying price of a financial instrument. They are generally influenced by such factors as liquidity, market news, and volatility. Spreads on the Axi trading platform also differ according to the nature of the tradable asset.

You simply download and install MT4 for PC or Mac and login to your account to start trading. MT4 has a user friendly interface with a range of benefits and features including technical indicators for analysing charts, automated trading, one click trading, flexible charts & tools. An axi review advantage of the Axi MT4 is that they have invested in co-located servers and fibre optics for faster trading. This also extends to fees and spreads, with no fees on money transfers, and spreads across all Axi account types representing some of the most competitive in the industry.

To withdraw funds from your trading account, these are the relevant steps. The MT4 has many good trading tools to help facilitate https://forexarena.net/ and make trading easier for clients. These include a set of analytic tools and windows for global variables.

Catering to traders from the EU to Australia, Singapore and Indonesia, the client portal opens up 130+ products, copy trading functionality, plus multiple account options. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

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. Through this tab, traders can access market insights and updates from within the platform or from third parties. These are charged based on trade volume (though, they are sometimes fixed); The higher the volume of your trade, the higher your commission. For instance, Axi charges a commission of $3.50 per standard trade lot (which makes a $7 round-trip charge).

• Please keep in mind that as Axi are regulated in different markets by different regulators, each are subject to a different set of rules.
• The available functions in its interfaces are quite simple to use, and services are also compatible with a wide range of mobile platforms from Android to iOS.
• Hedging (both partial and full) and scalping are among the supported strategies.

You will find stocks of the largest companies, popular cryptos and major currency pairs. They give you direct access to the latest market data with multiple liquidity providers (LP’s) from 14 of the world’s largest banks, for live pricing and superior trading conditions. Servers are located close to the exchange in New York, for improved trade execution. Generally speaking, the more liquidity providers a broker has, the better prices you can get.

Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. 70+ forex pairs are available on the Axi forex trading platform, ranging from major to minor and exotic currency pairs. This enables traders to diversify their approach to trading on the foreign exchange market by dealing with multiple currency pairs at once and distributing their asset risk.

The platform provides numerous account options that are ideally suited to the requirements of certain clients. Additionally, the availability of swap-free Islamic accounts makes it simple for traders who follow the shariah to look into interest-free trading opportunities. This is in addition to the commendable flexibility of trading strategies, which traders may freely employ. Additionally, Axi also provides traders access to a third-party platform for a more varied trading experience, and this comes in the form of the MetaTrader 4, PsyQuation, and Autochartist platforms.