AxiTrader offers local phone support in the UK with GBP as the base account currency. No commission or currency conversion fee will be applicable to UK clients at AxiTrader. MetaTrader 4 is the most widely used trading platform developed by MetaQuotes Software in 2005.
Advantage 1 – Axi Spreads
MT4 is the market leader in algorithmic trading and remains the most versatile trading platform. It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app. Besides competitive trading costs, Axi offers traders the third-party trading analysis platform PsyQuation. It can help traders improve their performance, which I find an excellent tool. Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature. A crypto transaction with verifiable transaction hash on the blockchain?
Strength 2- Enhanced Use Of The MT4 Forex Trading Platform
Also, it has an economic calendar that alerts you to huge events that enable you to stay on top of the market action. You can get better analysis and reporting by the use of an automated trade journal that automatically records your trading activity. This platform allows you to enter and exit trades faster and apply complex order types with speed. It has as well as a session map that shows the world’s market opening and closing times. The elite account is only offered to professional trades as it requires a minimum deposit of $25000. It’s a shame that a good trader like Axi is offering only one trading platform despite it being the best in the market.
💵 Axi Minimum Deposit :
This means you will benefit from instant market executions depending on your account type. This is also a very popular execution style which ensures you can benefit from the fastest executions possible while making use of the deep liquidity the broker provides. What you will have to deal with are a few more fees like commissions and overnight fees due to the low spread.
With that said, this can be used as a technical pattern that can serve as an advanced warning to identify potential changes in the market direction. The company is a member of the Financial Services Compensation Scheme (FSCS). Also, it was shown throughout this Axi trader review, that the funding methods are quite various where you get to choose the most suitable channel for you. The platform allows you the chance to access your trades anytime, anywhere as it can be downloaded on almost every device, that means Windows, Mac, Android, IOS, and WebTrader.
Choose country
It must be noted that all the available instruments at AxiTrader can only be traded as CFD. This means that there is no actual buying or selling of the instruments but only the price difference is speculated and cash-settled to book profits or losses. There are no issues with the customer support services at AxiTrader in the UK. The help centre at the official website of AxiTrader can resolve most of your queries through FAQs. The unavailability of MT5, cTrader, or any other trading platform apart from MT4 is a disadvantage for those who do not prefer to trade with MT4. The deposits through bank transfer and e-wallets are reflected within an hour while the withdrawals can take up to 5 business days to reflect in the accounts.
Whether you’re just getting started on your trading journey or are already an experienced trader, there’s always something new to discover about the markets. I think it is great that they enable you to learn as much as possible. This shows me that they are a broker who wants to encourage informed trading decisions. PsyQuation Premium has more powerful indicators, frequently updated trading signals, comprehensive forecasting and institutional level quantitative models.
AxiTrader’s demo account offers a risk-free environment for traders to practice and learn with real market conditions and access to educational resources. However, it has a limited duration, and there can be emotional differences when trading with real money. There are no fees charges on deposits or withdrawals, though some supported payment methods like Skrill do impose a small third-party charge to Axi users.
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 (MT4) platform that allows traders to enjoy the maximum capacity to trade. The brand also promotes the security of the funds of its clients, wherein the funds axi review of the customers are segregated from their own company’s funds. It has gathered various awards, including as the most trusted Forex broker. As explained in the section above, AxiTrader has many advantages for traders, such as no deposit, withdrawal, or inactivity fee. Nevertheless, like every other broker, Axi also makes a profit from each of your trades.
- Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy.
- However, those who wish to trade with high leverage with no protection can choose SVGFSA but this is very risky.
- Finally, withdrawal times have been known to take a little longer on occasion, 3 days or more.
This is also something to look forward to when trading with AxiTrader. It is not recommended to use as a basis for an offer to buy or sell or the solicitation of an offer to buy or sell any kind of product, whether security, financial, or any type of instrument. Every trader is unique, and you should know by yourself which works for you.
Individual users receive Negative Balance Protection, which guarantees they will not lose more than what they’ve invested with AxiTrader. To minimize confusion, customers have a single brokerage account with AxiTrader but can have many subsidiary profiles in the shape of trading software logins. Before we conclude, we will give you our free best alternatives in case you are not sure if the broker is a good fit for you.
The educational centre offers chart tools that provide concise information on various commodities, equity indices and currency pairs. The FX charts offer in-depth information on various charts and provide a suitable interpretation of the various price fluctuations. Axi also offers various online courses right from basic Forex introduction to in-depth market analysis.
This account may be preferred if you need the tightest possible spreads. This may be the case if you are using a scalping system that looks to take advantage of https://forexarena.net/ minor price movements. Axi offer weekly free webinars which cover a range of topics ranging market analysis, trade management, trading psychology and much more.