Tier 1 regulation also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks. This way, the risk of fraudulent behavior by the brokerage is kept at a minimum. Backed with the reliable MT4 trading platform, Axi offers you the confidence that your trade will be delivered at a very fast speed.Axi offers a reliable ECN axi review execution of trade orders with no dealing desk intervention. An ECN model of operation boosts client trust and allows for breakneck execution speeds. For more than a decade, Axi has built strong relationships with top liquidity providers around the world. The broker can deliver you a more reliable trading service with better pricing and faster execution speeds thanks to these trusted partnerships.
5: My Accounts
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trade over 130 products, no minimum deposit required and trusted by 60,000+ traders globally.
Deposits
As a result, the broker makes use of a shorter, therefore faster, connection. This simple approach results in faster execution, more accurate pricing, and minimal slippage. Another benefit of Axi’s execution model is direct order filling with no requites. Bullion Spot CFDs are also accessible against other quote currencies, such as the Australian dollar, Swiss franc, Euro, and British pound. In addition, precious metals are also available in the form of commodity futures CFDs. With these instruments, traders and investors can gain exposure to gold, silver, and copper futures markets.
Account Types
Axi offers very raw spreads, fair commission fees, and there are no additional fees on top of overnight financing charges. Also, there are no non-trading costs, which is a beneficial feature for traders. A $7.0 commission for a 1 Lot trade is similar to what other brokers such as IC Markets will charge, but it is not the lowest in the industry. An equivalent trade on a zero spread account with Fusion Markets will incur a $4.50 commission per round turn, which is, at present, among the most competitive offers within the industry. The broker has since grown into a multinational retail broker with offices in the United Kingdom, Australia, South Africa, and Saint Vincent and the Grenadines. It has bagged several industry awards for providing satisfactory trading services to over 60,000 loyal clients in 100 countries.
Axi Minimum Deposit and Withdrawal
In 2020 alone (FY20), the broker recorded over $2.5 trillion worth of trades. Meaning that their platform is provided by the company known as MetaQuotes Inc. They also provide their own proprietary platform only for mobile devices which allows for copy trading functionality, yet their biggest selling point is their account and commissions offering paired with MetaTrader 4. VPS hosting ensures fast execution and no downtime by making sure your platform keeps running 24 hours a day. One of Axi’s VPS partners is ForexVPS, which offers state-of-the-art SSD drives located in New York.
The demo account is a practice account that comes loaded with virtual funds for practice purposes only. While new traders can use it to test the broker’s platforms before committing real cash, experienced traders can use it to test their trading strategies before implementing them on the live trading accounts. Contact us 24 hours a day, 5 days a weekBefore you apply, it is important that you read our Client Agreement.
With heavy investment in the latest trading technology, AxiCorp seeks to offer the most comprehensive end to end trading experience available, servicing traders of all levels from beginners to institutional level clients. Axi requires a minimum deposit of $0 for all live account types, and it will not charge any fees on deposits. However, as with many brokers, you should be aware that there may be charges https://forexarena.net/ from the payment providers, which are beyond Axi’s control. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.
- Another interesting point is that the Demo version is held separately from the live, meaning that just because you opened a Demo account, it doesn’t mean that you’ll be able to do much on Axi’s website.
- Trading Forex with Axi gives you several advantages, including security and negative balance protection.
- The only issue is of course, being able to afford the $25,000 minimum deposit to get such conditions and also being an eligible professional client if you’re located in Europe.
- AxiTrader is not a financial adviser and all services are provided on an execution only basis.
- Axi was launched in 2007 as an Australian-based financial service provider.
- The role consists of working within the Development team and supporting them in integration design and development.
Similar features can be seen on the broker’s MetaTrader mobile app for iOS devices (iPhone, iPad, iPod touch). From the above, we can easily deduce that the spreads offered by Axi are slightly higher than those offered by the big names in the industry, such as IC Markets and IG Markets. We should also note that the broker does not accept clients from New Zealand and Australia. Another interesting point is that the Demo version is held separately from the live, meaning that just because you opened a Demo account, it doesn’t mean that you’ll be able to do much on Axi’s website.
These are spread across the major, minor and exotic currency pairs. Trading Forex with Axi gives you several advantages, including security and negative balance protection. Axi’s MetaTrader mobile app for Android devices is user-friendly and offers all the major features with flexibility and portability. For example, it features real-time interactive charts with popular technical indicators. Users can trade real-time Forex and CFD quotes, and all trade orders (including pending orders) are allowed.
Investing in CFDs carries significant risks and is not suitable for all investors. You do not own, or have any interest in, the underlying assets.We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
When you trade cryptocurrency CFDs with Axi, you don’t have to invest directly in the product. Instead, you’re simply trading on the real-time price movements in the market. So, while you don’t own the underlying crypto, you can benefit from the price movement in any direction. Traders who are looking to profit from some of the world’s most popular stocks can consider trading stock CFDs with Axi. Finally, let us compare Axi Standard Account average spreads with those other major brokerages offer on the three most actively traded Forex pairs. After filling in the account creation forms and uploading the relevant documents, you will have to wait until the broker verifies your account.
Traders are not machines and part of the investing process is handling risk & developing strong trading psychology. The top 10 largest and most valuable companies in the world by market capitalization, number of employees, revenue, earnings, and assets. Assesses whether you meet minimum criteria for displaying credible trading experience. For international bank wire transfers, your bank may charge you a receiving fee.
