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AxiTrader Review: Is it a Scam Broker? Everything We Know!!
Axitrader has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, Axitrader will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Axitrader, you can enjoy peace of mind and focus on your trading activities.
- A product schedule is a complete list of the products and fees offered by the broker.
- Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits.
- When registering with Axitrader have the following documents available.
- Average spreads may vary as they haven’t been updated since December 2016.
The only differences between the standard and pro account are the spreads and the commissions. Yes, in our independent review we conducted multiple tests in regard to their online presence, security, tools, features and client support. IC impressed with fast and professional customer service, swift payment processing and other important factors. Most popular trading styles such as hedging, scalping or using EAs (Expert Advisors) are allowed with all IC Markets trading accounts.
Does Axi Have Research And Education Services?
Contact us if you’re looking for a reliable stock trading broker, obligation free. Numerous brokers compete with AxiTrader in the online trading sector, including IG Group, OANDA, Pepperstone, and CMC Markets. ECS is not a Financial Services firm and does not operate as a financial services firm.
There is no minimum deposit at AxiTrader across their different account types. This means you are free to deposit whatever amount you are comfortable trading with. However, it is recommended that you start trading with at least $200.
How to Open Axi Account in Australia?
Islamic accounts, also known as swap-free accounts, are fully compliant with Shariah law as they do not charge swap fees. If you are interested or in need of this account type, then you can always check out our full article on the best swap free Islamic forex brokers to learn more. Based on our Review and expert findings, AxiTrader is a trustworthy broker with a good reputation and excellent trading conditions, and attractive offers. We found broker’s low trading fees, also, traders can deposit as low as $1 since the broker doesn’t have any minimum deposit requirements, and overall conditions are good.
AxiTrader Review 2024: Should This Be Your Go-To Forex Broker?
We noticed that Axi has low forex fees, and deposits and withdrawals are free of charge. Modern brokers like Axitrader provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Axitrader may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Axitrader trading profitability. Due to the unique nature of the broker, clients do not receive any AxiTrader bonus on their deposits. Traders are also not provided with any loyalty programs or any other additional benefits for opening an account, which is by far one of the major disadvantages of the company.
Leverage is a quite known instrument, which obviously multiplies the initial capital you trading with axitrader review and can be a very useful tool to magnify your potential gains, but in case you use it smartly.
Metaquotes has developed MT4 applications for both iOS and Android devices. They have over 10 different toll-free numbers that you can call any time of the day (Monday-Friday) should you have problems with your account. These are based in a number of different regions which means that you will get local language support. The online broker space is littered with examples of pretty awful customer service.
Leverage
ICM offers the choice between two different account options and three different trading platforms. Their Raw Spreads Account shows the real (raw) inter-bank spread received from ICM’s liquidity providers. This account type comes with a commission charge of $7 per standard lot round turn. After selecting the account type of choice, traders can then select which trading platform they wish to utilise. Customers can also set up a demo account to test Axi’s trading environment and their offering before entering the markets with real money. Trading strategies and trading tools can also be tested freely on a demo account.
Read our review of Axi to learn more about their features and trading conditions. The second account option is the MetaTrader 4 Pro account, which offers ultra-low spreads from 0.0 pips and a standard commission of US$7 per round trip. The minimum trade size is also set to 0.01 lots, and there is no minimum deposit requirement. To start the process of opening an account with Axitrader you can visit the Axitrader trading platform here. Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.
How Are Execution, Leverage And Position Sizing With Axi?
For retail clients, the best possible execution result is based on total consideration. The total consideration sees price as the most important factor of all execution criteria. It is a combination of the price of the CFD you are trading and the cost of execution. Axi operates a variable spreads system, which means that the spreads will fluctuate during the day to reflect market movements. The spreads on Axi depend on the instrument you are trading and your account type.
Another cost you should consider while trading is a Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments. Typically, AxiTrader will charge Swap Fees on a Long Position and pay Swap Fees on Short Positions. Scalping requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain. Step 3) Choose a payment method and follow the on-screen instructions to complete your withdrawal request. Step 3) Choose a payment method and follow the on-screen instructions to complete your deposit.
Pros
These alerts could be set at the intraday level in order to provide up to date suggestions for improving your trading. When you install it on your device it connects to the AxiTrader server from with your MT4 account details. This has a pretty extensive array of features for a mobile trading application.
We downloaded the book and it appears to be pretty stock and standard (not a customised solution). Lastly, if you think that your trading is impressive then you can always export your trading data and use it to https://broker-review.org/ secure external funding from investors. Not only will it analyse your trading history and make suggestions around this but it will also make use of the reams of trading data that it has gathered over the years.