Free online courses such as trading strategy, stocks, market analysis, trading psychology, technical indicators, and more. There is no minimum deposit at Axi, resulting in applicable requirements based on payment processors. Autochartist provides the bulk of research content at Axi, but the Axi blog also features a weekly market review. It is well written and features charts with easy-to-understand trading ideas. 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.
Axi Full Review
There is also the option for a swap-free Islamic account to be opened upon request depending on your belief. Within the Islamic accounts in Axi, you don’t have any interest rate on the buy or sell orders along with swap-free accounts. ASIC also stipulates that brokers should have a representative office in Australia, and cannot operate from an overseas location. IC Markets also offers MetaTrader 5 (MT5) and cTrader, while AxiTrader is an MT4 specialist. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts.
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The pro account also has variable spreads starting from just 0.0 pips with a commission of $3.5 charged. This account may be preferred if you need the tightest possible spreads. This may be the case if you are using a scalping system that looks to take advantage of minor price movements. Open direct channels of communication with professional traders and highly experienced analysts, then trade alongside them as they take on the markets every day. The multi-account manager (MAM) is a built-in trading tool that allows you to conveniently control multiple accounts from one trading terminal.
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The correlation trader will show you the correlation between different instruments and can help to find potential trading opportunities and for order management. The previously mentioned facts combined with our research on Axi’s user opinions and online reviews still grants them a safe broker status. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. The FAQ list is comprehensive and since some of the basic information was not easily accessible on the website pages, this was a clear benefit to new traders. AxiTrader provides research in the form of technical and fundamental analysis from its in-house team of analysts with daily articles published on its Market News & Blog. Staff also stream videos throughout the week, including the Market Morning video and Weekly outlook.
Axi welcomes enquiries from prospective partners around the world. For more information please contact us.
For those interested in spread betting, it’s essential to find a broker that specialises in this area. You can explore a list of top spread betting brokers in the UK on this comprehensive guide. IC Markets offers a plethora of funding methods, including credit/debit cards, bank wire transfers, and various e-wallets. They pride themselves on offering instant deposit options and fast withdrawal processes.
How to open an account on AxiTrader
Traders can access the markets via MetaQuotes Metatrader 4 (also available for Mac) and MT4 Nexgen, which is available for Pro account clients. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he’s on a mission to guide fellow traders.
- I personally love this tool and think it is one of the best you can find for conducting thorough market analysis.
- The content is quite thin yet it can prove to be useful for complete beginners with no experience in the financial markets.
- If the MetaTrader platform is not to your liking, then you can consider cTrader.
- 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.
- This platform comes with features such as advanced management tools, sentiment trading, and enhanced ordering.
While IC Markets is a global powerhouse in the forex world, Axi’s focus on the UK market and its comprehensive features tailored to UK traders give them an edge. It’s also worth noting that IC Markets, although a top-tier broker, was founded overseas. For a deeper dive into the best brokers for UK traders, here’s a comprehensive guide on the best UK forex brokers. When it comes to social or copy trading, IC Markets has a slight edge.
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. I like that there is a generous selection of deposit and withdrawal methods for us to choose from. You can use a credit card, bank transfer or an online payment processor such as Neteller, Skrill, FasaPay and Sofort. They are also one of a few brokers that accept cryptocurrency payments with Bitcoin.
ECS does not gain or lose profits based on your trading results and operates as an educational company. All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. Although it may not be fully unique, the MT4 NextGen is one of the core strengths of AxiTrader.
Axi are a regulated broker that must be compliant with strict regulations and standards that are put in place to protect investors. Please keep in mind that as Axi are regulated in different markets by different regulators, each are subject to a different set of rules. Operating with integrity, honesty, trust and transparency is of the upmost importance. They are always looking to improve their services in order to stay up to date with the latest innovative technologies and continue to deliver excellent customer support. You even get a dedicated account manager that is available to assist you in reaching your financial goals.
Founded in Australia and regulated by ASIC, IC Markets has a deep understanding of the Australian trading landscape. Their competitive spreads, diverse platforms, and strong customer service make them a top choice for Aussie traders. For a more detailed look at the best brokers in Australia, check out this guide on Australian forex brokers. The educational centre offers chart tools that provide concise information on various commodities, equity indices and currency pairs. The FX charts offer in-depth information on various charts and provide a suitable interpretation of the various price fluctuations.
AxiTrader offers spread betting with tight liquidity, copy trading and hedging. You may also use automated trading by downloading a plugin called PsyQuation that allows you to follow top traders, observe their history axitrader review and get ideas from them. AxiTrader Limited is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market.
Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account. During the London-New York overlap session, I received a 1.1 pip spread for the EUR/USD or $11 per 1.0 standard lot. It is an above-average trading https://forexbroker-listing.com/ cost, and I recommend traders avoid it. The commission-based Axi account delivers as advertised, with raw spreads of 0.0 pips for a commission of $7.00 per round lot, which resembles a competitive pricing environment.
The platform’s advanced charting, market insights, and customizable interface provide a tailored experience for traders. The exclusive events and webinars for Axi Select members add significant value. For those who seek a trading platform with cutting-edge tools, Axi Select is the ultimate choice. Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section. Axi explains its products and services well, and I believe most traders will not require assistance. Beginners only need basic tools, and experienced users require more advanced features.