7Power

axitrader review

Hence, a trader from Australia or New Zealand can not lose funds that exceed the amount of money invested with the broker. Well, if you are looking for a well run and fully regulated broker with strong customer https://traderoom.info/ support and a reasonable product offering then it could the broker for you. Once you have created an account at Duplitrade these signals will be sent directly to your Axi trading account in the MT4 interface.

This is one of the world’s most advanced data analytics platforms for retail traders. It makes use of some of the most sophisticated algorithms which will analyse your own personal trading style to give you hints and tips about how to improve it. You can also make use of some of the other neat features on Zulutrade including an account management suite that is equipped with advanced risk management tools. For example, “Zuluguard” is a risk management tool that will protect you from extreme volatility. If you are the kind of person who likes to bounce ideas off other traders then you may appreciate Zulutrade. This is the world’s leading online and mobile Social Trading platform.

axitrader review

A well-regulated broker, Axi ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source. Note that Axi does not allow any withdrawals whatsoever by credit/debit card. Axi’s range of financial instruments to trade is smaller than most other brokers, but we were pleased to find that it recently added a range of share CFDs to its offering.

How do you withdraw money from Axi?

They also have a range of trading platforms and give traders numerous customisation options. Axitrader offers the industry-recognized MT4 trading platform, followed by a WebTrader. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors. There is likely to be a high risk of losing money when trading with the AxiCorp Financial Services Pty LTD because the license stands suspended.

Traders can diversify and do more when they have access to great markets and financial instruments. The selection at AxiTrader is somewhat limited when you compare them with other brokers on the same level. Trading Forex is risky, and each broker is required to detail how risky the trading o offering of the broker, and the trading conditions offered to clients, which are summarised in this review. The main benefit of using third-party platforms such as MT4 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker. Axi’s trading tools transform the MT4 platform into a state-of-the-art trading terminal.

  • It can build an online investment portfolio and organize trading accounts and help users monitor these accounts from a unified interface.
  • If you would like to start trading and earn money, AxiTrader can be very useful.
  • Axi customer service is not so good as they respond only on the live chat, while the email support is not responsive.
  • With these, you get a clear picture of the market and what you can expect to get if you start trading.

If you feel any additional concerns, you should call in and talk to them about this. Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive a commission from the companies we feature on this site.

How to Open Axi Account in UK?

DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. 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.

Is AXI a trusted broker?

Based on the review, AxiTrader is undoubtedly a reliable tool for trading currency pairs and CFDs. It is also a viable solution for traders of cryptocurrencies, commodities, indices, and other assets.

We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally. We are not liable for losses that resulting from the information provided on our site. With a minimum deposit of 500 AUD (or currency equivalent) you will get access to PsyQuation Premium. PsyQuation is one of the world’s most advanced data analytics plugins for retail traders.

I want to trade options, are they available at Axi?

The broker transfers all the funds deposited by the clients in safe and segregated trust trading accounts with top-notch banks. As a result, you would want your broker to offer instant and appropriate answers to all your queries. This, however, is possible only if the online trading firm believes in delivering excellent quality services and an effective and trusted trading platform. Here, check out our review about AxiTrader and find out why their trading platform is regarded as one of the best in the industry. We reviewed the broker’s performance in six different categories and discovered that the broker fairs quite well in each of them. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs.

Lastly, customer service and user interface, I did find, as I said, a few bugs in their website when I decided to open my account, I couldn’t open it the first time. Plus, they have a super team of account managers, axitrader review which you could contact and get help from. So I think that’s a good thing and they are more kind of personal with you, so you don’t kind of have to go through the whole organization to get support.

Axi has low fees for trading index CFDs, while stock CFD fees are average. It would help if they had separate and comprehensive tools that aren’t integrated into PsyQuation Premium. Remember, we mentioned that the compliance checks at AxiTrader are strict. In addition to that, you should always make sure that you know what you are doing before you get into the forex market, for your good. They are here for your benefit and make sure you can exploit the best parts of AxiTrader MT4.

ForexWithAnEdge.com provides unbiased and comprehensive information and analysis on the foreign exchange market. It is not affiliated with any particular broker or financial institution and therefore is able to provide an unbiased and objective perspective on the market. With so many options available, AxiTrader is a great choice for traders who are looking for a diverse range of markets to trade in. They are also regulated by ASIC, which is a Tier-1 financial regulator.

Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy. I also believe that the trading conditions at Axi are better than any deposit bonus and the absence of it non-essential. The Axi blog also features high-quality educational articles, and I can only recommend that traders of all levels take a look, as there is plenty of thought-provoking content. Five eBooks are also available free of charge, but Axi asks for a name, country, phone number, and e-mail address. They are required for opening an account, and therefore not an obstacle to new clients. The video library consists of eleven courses, consisting of numerous lessons.

axitrader review

As a trader, you may encounter several issues while placing trades or opening/closing trade positions. You may also have queries, concerns and grievances with regard to spreads, charts and forex signals or even the funds deposited and withdrawn from your trading accounts. When it comes to depositing money with AxiTrader, traders have the option of depositing money in different forex currencies including JPY, USD, EUR, AUD etc.

  • Five eBooks are also available free of charge, but Axi asks for a name, country, phone number, and e-mail address.
  • MPESA deposit for those in Kenya is amazing, withdrawals are fast , fast order execution and a friendly customer care team ….
  • When it comes to the platform I noticed they only have pretty much one thing which is MetaTrader4, and that is a good thing.
  • Equity CFDs are notably missing, which is a negative in my book as I trade them, but Forex traders have a good selection.
  • AxiTrader works with a host of VPS providers that they can help you set up hosting accounts with.

Despite the suspension, this review declares no high risk of losing money when trading on the AxiTrader platform. The Axi subsidiary that runs AxiTrader is authorized in St. Vincent and the Grenadines. It is regulated by the Financial Services Authority, bearing number BC 2019. AxiTrader also generates researched information from a market analysis section that taps into online content and runs a market commentary. This information is packed with trade ideas that support the outsourced research produced by the tools.

Is Aximtrade real or fake?

Axim Trade is an unregulated broker that is registered in Saint Vincent and the Grenadines, a place that has relatively loose regulations on forex trading. Although the lack of regulation does not necessarily make a broker a scam. However, traders should always exercise caution when dealing with unregulated brokers.

An online trading course by AxiTrader is available for new traders, giving them access to all the tools that train them in becoming a better trader. This AxiTrader review finds the training aspect of the software quite impressive. Outsourced training is further complemented by in-house educational content, which contains high-quality articles.

Account opening is easy and fully digital, without any minimum deposit, which is also great. We tested the Pro account in this review, which has low spreads and charges a commission for trading. Trading education may not play a direct or significant role in a trader’s performance but it definitely helps him/her in understanding the basics of online trading. Additionally, it also familiarizes traders with the key aspects, terminologies and strategies of trading, which may be extremely helpful to them in the long run.

Fortrade Review 2023: Is This Broker Legit or Scam? – CryptoNewsZ

Fortrade Review 2023: Is This Broker Legit or Scam?.

Posted: Wed, 03 May 2023 07:00:00 GMT [source]

I’m using Axis at the moment all is fine except that last time I lost almost 800USD due to the rollover.I asked them for the reclaim they said they can’t do anything about it. You guys should inform your client when you see that there is an open overnight trade. Or at least inform the client about the dates and the products of the rollover when you see that traders use them.be Fair mate.I HOPE IF I CAN GET MY USD800. Worst forex firm I ever seen, I registered then I could not login again, am wondering system asks for Mt4 credentials while am not able even to login to my dashboard to open mt4 account!! Am just imagining if this happend during live trading urgent action required !! Can’t trust them again, they have serious system issues, support is bad late reply non profissional reactions.

It eliminates the conditions where retail trader accounts lose money. AxiTrader – one of the best forex brokers, is offering its service for more than 70 currency pairs. There are plenty of exotic and minor currencies available for trading on the platform as well.

Is AXI trading regulated?

Yes. Axi is authorised and regulated by the Australian Securities & Investments Commission (ASIC), AFSL number 318232. Axi UK is a trading name of AxiCorp Limited which is registered in England and Wales under registered number 06378544.

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