Axitrader Review Is It A Safe Broker Or Scam 2021 Update

What is the exact difference between square Forex/CFD trading and Spread betting? Not much really, but the latter enjoys a special tax-free status in the UK, which is why it is quite popular there. A free VPS service is tossed into this package as well, for those who fulfill the trading volume requirements.

Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. This Axitrader review was written by industry experts with over 20 years of financial experience in Forex, CFDs, Social Trading. T&C’s apply to each of the offers above, click “Visit Site” for more details. Credit card, Debit card, Neteller, Skill/Moneybookers, Local to international bank transfers, BPay, China Union Pay, WeChat, and Bank Wire.

axitrader review

This feature is available only on the desktop trading platform. Axi’s web trading platform hasgreat customizability.You can easily change the size and the position of the tabs. Add your bank account details, like IBAN and Swift code (if you haven’t done it before). To have a clear overview of Axi, let’s start with the trading fees.

Trading Terms And Conditions Offered On Axitrader

On the plus side, forex fees are low and no inactivity fee is charged. Deposits and withdrawals are also free of charge. Account opening is easy and fully digital, without any minimum deposit, which is also great. Axi has low forex fees, doesn’t charge an inactivity fee and deposits and withdrawals are free of charge as well. The account opening process is smooth and fully digital. Axitraderoffer a good selection of educational resources.

  • Please be aware that these patterns are only tools.
  • AxiTrader, AxiPrime, and AxiSelect are all a part of AxiCorp Financial Services Pty Ltd.
  • It enables you to track your progress with comprehensive trade history and improve with analysis too.
  • This way, we can apply the same settings on all the other charts we have in our account.
  • Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage.

Not a good broker to trade with, it took them a very long time in processing withdrawal. And before they approve withdrawal request you will have to submit a lot of requirements that are almost impossible to provide. They have poor trading signals and worst they will let you lose your money. I am an experienced trader and I can say that this broker has the worst trading signals. Signals are okay and services are great but their trading platform is not functioning properly.

Does Axitrader Allow Hedging?

Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed. Did you have a good experience with this broker? Tell our team and traders worldwide about your experience in our User Reviews tab. We have gathered a list of the top broker alternatives to Axitrader, and conducted an in-depth broker comparison to assist you in choosing the right broker for your trading needs. Opening an account at Axi is as simple as it gets.

A $1,000,000 client money insurance policy is also in place, making the unregulated St. Vincent and the Grenadines unit the best-protected one with the best trading conditions. Trading with a regulated broker will limit the potential axitrader review for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. Axi presents clients with one well-regulated entity.

If mobile is not your favorite choice, you can also trade from your desktop via their app. Overall, not as in-depth as you may expect from a broker of this type, but all analysis is solid and well-written. Neteller/Skrill – Deposits via Neteller and Skrill are instant and free but withdrawals can take up to 3 days to reflect.

For example, “Zuluguard” is a risk management tool that will protect you from extreme volatility. Something else that AxiTrader has included free for all of their clients Forex dealer is their Autochartist. This is a tool that will scan the market and look for potential trade opportunities or profitable setups based on resistance levels.

axitrader review

The leverage and margin compared with other popular brokers are different. In the table below, you can see the minimum leverage, maximum leverage, margin call, and stop-out level. Both account types allow you to use Expert Advisors so you can use them to set up EAs.

Analysis & Tracking Tools Mt4 Plugins And Autochartist

Axi provides traders with 50 currency pairs, six cryptocurrency pairs, 20 commodities, and 31 index CFDs. Equity CFDs are notably missing, which is a negative in my book as I trade them, but Forex Promissory Note traders have a good selection. Axi offers some of the best swap rates industry-wide, something I urge traders to consider who keep positions open overnight, as it makes a notable difference.

I would like to share my frustrating experience. I encountered system issues so I called customer service. Do not invest a single penny with this broker, they will only make you lose everything you have on your trading account. I notice them playing some tricks to keep you losing all your money. I have lured me to add more money but in the end, I have lost all funds on my trading account.

Does Axitrader Offer Guaranteed Stop Loss?

With Axitrader you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with Axitrader platform. To see how AxiTrader ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.

Price Action Trading Expert Learn From Him!

It allows you to spot new opportunities and cut down money management errors by the use of its correlation trader feature. 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.

Platform performance is as expected, and traders should feel comfortable with the speed of execution and latency offered by the AxiTrader MT4 platform. Not a good broker for forex trading, withdrawal is slow and customer service is unresponsive. The lack of benefits, bonuses, and promotions that the broker offers also pushes AxiTrader down the list amongst other brokers. After gaining such a loyal customer base, AxiTrader should come up with a system to reward their loyalty, as other brokers do. The demo account is only valid for 30 days, which might be enough for professionals to test the platform.

Our Honest Axitrader Review

AxiTrader offers traders the ability to trade indices, commodities, Forex, cryptocurrencies, and some CFDs with competitive spreads. Due to this, the company understands any type of trader and strives to deliver the best service, support, and as well as materials that they can. The firm does not require a minimum deposit and any trader can start with any amount desired. Although traders have had great success with Axitrader. Trading on the financial markets with Axitrader is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase.

It thus makes it easy for the trader to view all the trading opportunities available. The terminal has tabs of trade, exposure, account history, news, alert, mailbox, mail, signals, and others. The trade section displays information column-wise with the order number, time, type, size, symbol, price, S/L, T/P, commission, swap, and profit.

It offers a trading platform that gives traders access to the latest market data and the company strives to deliver exceptional client support. Traders trading with this broker will enjoy direct access to multiple destinations of liquidity in forex markets. The vision of Axi is to keep delivering remarkable trading support and become the world’s leading provider of online foreign exchange trading services. AxiTrader is the Forex brokerage Investment arm of AxiCorp Financial Pty Ltd, which was founded in 2001 in Sydney, Australia. The company slowly evolved into one of the largest financial companies in Australia, which led to widespread market dominance in Australia as well as in financial markets around the world. AxiTrader was introduced as an exclusive Forex and CFD trading platform in 2007 and has ever since becoming a segment leader in the Australian retail FX market.

0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments