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The first criteria that prospective Axi customers need to consider is their location, as Axi primarily operates in the UK and Australia due to the licensing it’s received from ASIC and the FCA. As for the important question about margins, Axi offers access to flexible leverage options. In addition, the broker is a popular choice among Australian traders and worldwide investors that were convinced about the Australian service provided. Overall, we found the main Axi offering that adheres to accessing the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced ones.

1. Overall, Axi fully complies with the regulatory standards imposed by some of the top financial regulators in the world.
2. Axi Overview – A competitive trading environment for algorithmic trading and scalpers.
3. All round, this makes for a highly customizable trading experience at Axi.
4. In this Axitrader review we will take an in-depth look into the broker’s regulation, technology, fees and much more.
5. You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary.
6. At Axi, there are a number of base currencies available for you to select from.

When it comes to methods available, wire transfers can be used and typically take 1-3 days although they are only available in the EU. Credit/Debit cards from Visa, MasterCard, and JCB can also be used and typically provide instant deposits. EWallets are also available and instant in the form of both Skrill and Neteller. For example, if you gave two accounts, one with a $500 balance, and the other with a $200, then your balance can go to -$500 on the other account since you have enough to cover it. Of course, the balance in the covering account will be deducted to reflect this as appropriate. If you prefer to get a print version that you can download for offline reading, then they include their free ebook.

Axi broker I found its trusted broker.

The parent company AxiCorp Financial Services Pty Ltd changed its brand name Axitrader to become Axi at the end of 2020. In the same process, they also changed their existing website from axitrader.com to axi.com to match its efforts to revamp the AxiCorp brand. There are two Axi account types that impact the fx broker costs when trading with Axi. As a client, you may also enjoy the possibility to have account base currency in GBP, USD, EUR, CHF, or PLN and deposit funds in those major currencies as well. At the first stage and as a new to trading, you also can open a free 30-day trial Demo account with a virtual cash balance of £50,000 to practice skills and touch a trading process in a “real”.

Opening an account with AxiTrader is quite easy, you just need to follow the steps of the account opening process, verify your details and select the account type of your preference. AxiCorp Financial Services Pty Ltd, also known by its trading name AxiTrader, is a Forex and CFDs broker based in Australia and founded in 2007. After the successful operation during the first years, the broker has been ranked among the most trusted Australia’s Forex brokers with the strongest brand association. Axi offers bank wires, credit/debit cards, POLi, FasaPay, Sofort, GiroPay, iDEAL, Neteller, Bitcoin, Skrill, Boleto, Global Collect, and 17 regional online banking solutions.

You can though open another demo account easily with just some basic information such as your name, country, and a valid email address. The platform is fully integrated with many tools, services, and connectivity options offered by Axi and provides for the needs of all trader types extremely well. Here you can trade all the available assets including Forex, CFDs, Spread Betting, and Metals. Founded in 2007, AXI has gained popularity among traders engaged in scalping and auto trading thanks to the low spreads and fast execution speeds on offer.

EURO / U.S. DOLLAR

Determining the legitimacy of a forex broker (and avoiding forex scams) can be a real challenge. If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds. AxiTrader supports Neteller, Wire and Credit Card deposits and withdrawals. For Neteller clients would need to ensure the account corresponds to the one registered with AxiTrader. Axi outsources its live chat customer support to specialised agencies. The first agency we dealt with told us that our Neteller withdrawal was cancelled due to a technical issue.

How Much Are Trading Fees With Axi?

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. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.

Which account you end up choosing will depend a great deal on your own personal preferences and trading experience. For those who are uncertain, they can start with the demo account and move their way up. While this looks like a pretty attractive asset offering, there seems to be a distinct lack of any single name equities to trade. This is unfortunate for those traders who like to open positions on particular companies. Surprisingly, you are not charged any fees for a deposit / withdrawal at Axi.

This is actually quite an impressive list of services that range from trade copying software to social trading and trade analytics software. Some of these services are also well known to more professional traders. They are perhaps best known for their relatively straightforward product offering and their “no nonsense” approach to their business. They regularly score top marks for their customer service, trading tools and general transparency. In this Axitrader review we will take an in-depth look into the broker’s regulation, technology, fees and much more. We will also give you some top tips in order to make the most of your trading experience.

Commissions and Fees at Axi

Here is a look at some additional products that you may encounter when trading at Axi. An Axi withdrawal typically can take up to two days and there axitrader review is usually a $5 minimum withdrawal depending on the method you use. With Axi, you can withdraw in EUR within Europe, and EUR-USD outside the EU.

Key Pros and Cons

The live chat is responsive, with agents connecting quickly, and you can choose to communicate in a language of your choice. Email and phone support are available five days a week, though the service does run for 24 hours a day. Founded in 2007, the formerly named AxiTrader launched the Axi brand in 2020. Today the Australian forex and contract for differences (CFD) broker services over 60,000 clients in 100 countries across the globe. Here you will be able to take full advantage of the deep liquidity provided by more than 20 liquidity providers with hundreds of additional sources to Axi.

MetaTrader4 Brokers

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

The website is encrypted to ensure the safety of your personal information. However, it is lacking CFTC regulation, so Axi cannot provide its services to US citizens or residents. In this broker review, we will pay attention to the critical aspects of Axi, which you may consider before deciding whether to trade with this online brokerage. AxiTrader account can be funded by several options including Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY. Also, there are selected companies with whom the company allows broker-to-broker transfers, so you can either transfer your account from another brokerage to AxiTrader.

For example, if you are funding via SWIFT then there may be fees charged by third party banks or if you fund via card then your credit card provider may charge a fee. As most traders may know, fees are one of the most important criteria when it comes to choosing a broker. We also want a broker to be transparent with the fees that they charge. For international bank wire transfers, your bank may charge you a receiving fee. This non-transactional fee is your responsibility; please check with your bank if you are unsure.

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