As for the important question about margins, Axi offers access to flexible leverage options with competitive costs. As an established international group of companies, Axi provides financial products focused on foreign exchange, primarily for retail investors. Tight spreads and fast execution come as standard on all accounts and stand on quality levels as we tested. Axi’s clients also note and regard well access to various liquidity providers from over 14 world’s largest banks and indeed marking Broker constantly for its services.
Account Deposit Methods
- The platform’s execution speed is top-notch, and the variety of analytical tools available has really helped me refine my strategies.
- Additionally, with a strong global presence and multiple regulatory licenses, Axi backs its promises with proven performance and award-winning service.
- Axi supports a variety of local and global payment methods, enabling traders to fund and withdraw their accounts easily, often without commission fees.
- Once everything is set up, you are ready to access the markets and start trading on Axi’s platform.
Axi provides comprehensive customer support to cater to its global client base, ensuring traders have access to assistance when needed. Support is available 24/5 through multiple channels, including live chat, email, and phone. Additionally, Axi offers the Axi Copy Trading App, which is ideal for those who prefer to follow and replicate the strategies of experienced traders. This app enables users to explore successful trading strategies and copy them directly to their accounts, making it a valuable tool for new traders or those looking to diversify their portfolios. Axi also offers swap-free accounts for clients with specific religious or personal preferences, but these accounts are only available to select regions or clients.
How does Axi personalise the trading experience?
Axi offers a moderate range of tradable instruments, with 65 forex pairs and a total of 175 tradeable symbols. However, its overall offering is rated as below average – it may not meet the needs of traders looking axi forex broker review for a wider range of investments. In terms of commissions and fees, Axi offers a balanced cost structure with no inactivity fees and active trader discounts, although its commissions and fees are rated as average. The absence of information on average spread costs for the EUR/USD pair indicates a potential area for improvement in transparency. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Although Pro and Elite traders may pay a small commission, they enjoy lower spreads and additional perks.
- Axi Select offers a compelling, cost-free way for ambitious traders to prove their skill and trade with serious capital.
- Additionally, there are no commission fees on deposits or withdrawals, although payment providers may apply their own charges.
- Axi applies rollover or swap fees to positions held overnight, which are based on the interest rate differential between the currencies involved in the trade.
- I’ve been trading with Axi for 6 months now, focusing on forex and indices.
While the broker does not offer a dedicated ECN account, Axi’s Pro account offers ECN-style tight spreads. You can access 70+ currency pairs for Forex markets, a $0 minimum deposit, and fast execution with award-winning customer support all from one location through MT4. However, it is crucial to consider the broker’s disadvantages, such as limited choice of trading platforms, unstable quality of support, and inactivity fees. Beginner traders have access to a well-presented educational portal, and I think Axi Select is a real game-changer in the industry. I also like the seamless withdrawal process at Axi, while Autochartist offers a much-needed plug-in for the MT4 trading platform.
After trying three different brokers, I can confidently say Axi offers the most consistent trading experience. Their MT4 is lightning-fast, and I love the fact that I can integrate third-party plugins and indicators without issues. I use technical analysis heavily, and Axi’s execution ensures that my stop-losses and take-profits are hit precisely. Their partnership with Trading Central also gives me access to detailed trade ideas. I would recommend Axi to anyone who values execution and regulatory security. Traders can monitor and modify their positions with ease, supported by an intuitive interface and powerful features.
While still unavailable to all Axi clients, the broker’s proprietary platform is one of its newest trading solutions. Offering more than 290 instruments, the Axi App grants access to markets like forex, commodities, stocks, indices, and more. The platform boasts a user-friendly interface, making it suitable for both beginners and seasoned traders. You can open both demo and live accounts on the Axi app and trade with whichever trading conditions fit your trading style the best.
Investment Options Axi
MetaTrader 4 (MT4) remains the go-to platform for traders worldwide, offering powerful tools, real-time charts, and flexible access across devices. With Axi, you can trade over 150 products easily, enjoying top-tier spreads and no brokerage fees. Axi offers free protective tools such as stop loss, trailing stops, and take profit orders, along with extensive educational resources. These features help traders manage risk effectively and maintain greater control when trading in volatile markets. Some clients have been disappointed with Axi due to service problems and a lack of proper communication. However, it should be noted that some traders may perceive offering only one trading platform as a limitation of broker Axi.
It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app. Another highlight from Axi is that, in October 2024, they launched MT5, with plans to launch MT5 globally within a few months, becoming even more competitive with their offerings. Axi also provided its traders under AxiTrader with the MT4 MAM module for account management. Overall, we found Axi offering adheres to access the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced traders.
Axi Regulatory Overview
Axi is one of the few brokers I’ve used where the trading environment feels genuinely fair. I monitor slippage regularly, and with Axi, it’s usually minimal, even during peak market hours. Compared to some of its competitors, Axi’s asset variety is more limited. Brokers like Forex.com and FP Markets offer a much broader selection of instruments, which can be a significant advantage for traders looking to diversify their portfolios.
From the accessible Standard to the high-volume Elite, each account type provides competitive spreads, advanced tools, and tailored features, thereby helping traders maximise their trading potential. Supported by the reliable MT4 and MT5 trading platforms, Axi ensures your trades are executed with exceptional speed. It provides dependable ECN order execution without any dealing desk intervention. Axi has established strong partnerships with leading liquidity providers worldwide. These trusted relationships enable the broker to offer you a more reliable trading experience, with better pricing and faster execution speeds. I started trading with Axi after reading a lot of positive feedback online, and my personal experience has been just as good.
Meanwhile, the Pro and Elite accounts start from 0.0 pips but charge a low round-trip commission of $7 or $3.50, respectively, for tighter pricing. Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017. To delete your Axi account, you should contact customer support directly.
Axi Select’s commitment to ensuring fast and efficient trade execution enhances my overall trading experience. I’ve been using Axi for almost eight months, and I can say it’s one of the most consistent brokers I’ve worked with. Their platform doesn’t lag during critical moments, even during volatile news releases. I trade primarily on the Pro account, and the low spreads combined with reliable execution make a noticeable difference in my results. Funding is seamless, and I usually receive withdrawals within a business day.
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. The Axi Select program is only available to clients of AxiTrader Limited. In dealings with clients, AxiTrader acts as a principal counterparty to all of a client’s positions. The Axi Group is a global broker, with regulatory licenses in Australia, New Zealand, DFSA and the United Kingdom. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.