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You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. We go direct to 20+ top tier liquidity providers and use co-located servers in key locations around the world to give you the best price and latency with forex trading.
Is Axi regulated?
Axi has licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines.
While I cannot go into the specific details of this complaint, due to Data Protection and client confidentiality rules, I can state that the client’s allegations were found to be groundless. I also have been accused that my losses was because of my poor trading which is in realty not true as I’m only lost 62 k USD but also profits estimated of 40 k USD . When you become more profitable, the MT platform starts to freeze, with no signals coming through, nor is the platform responsive. Terrible FX broker – Every second T/P trade, has slippage tat increases with trade size. Have joined AXI in September 2018, during this period of time have encountered many issue.
Bad customer service
We tested it and collected the options and costs in How to withdraw money on Axi. Our ultimate guide to the Axi minimum deposit is updated regularly. Axi hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. However, all your monthly financial statements are available to download at the Client Portal. You should click on ‘Financial Statements’ within the ‘Trading Accounts’ menu.
Is Axi a good broker?
Axi offers Forex traders a well-regulated, trustworthy, and competitive trading environment. Some industry publications place it among the Top 10 Forex brokers by trading volume.
Axi is a broker founded by traders for traders.The company gives its dedication to delivering the needs of aspiring traders as well as professionals in online trading. It offers its clients the ability to trade indices, commodities,Forexcryptocurrencies, and someCFDs. It has competitive spreads from 0.0 pips and fast execution with minimal slippage. The firm offers as well Forex pairs to trade and spread betting as possible.
What is Axitrader? – The company presented
The spread of the standard account type starts from 1.0 pips with no commission. AxiTrader Limited is amember of The Financial Commission, an international organization engaged in theresolution of disputes within the financial services industry in the Forex market. It is crucial for users to know more about the organizations that control AxiTrader operations. This guarantees the safety of investors and traders who have invested in the brokerage company’s accounts. The company’s staff reacts to the complaints of its clients, trying to promptly eliminate various problems and shortcomings in the platform. The prices of contracts for the difference between the stock index and the difference of the commodity market are supplied from the basic tools of the stock market.
Can you please e-mail us over your customer ID or e-mail to and we will follow up immediately. Social traders may either rely on the MT4 built-in copy trading platform or use Myfxbook Autotrade. Another unique feature I want to point out is AxiSelect, a program that funds talented traders with up to $350,000.
To minimize confusion, customers have a single brokerage account with AxiTrader but can have many subsidiary profiles in the shape of trading software logins. AxiTrader offers free eBooksAxi’s customer support and service are good and award-winning. It won an award for being number one for Customer Service in investment Trends year 2013 during Australia FX Report. Also, in the year 2017, it won ‘Highest Overall Client Satisfaction’ in the Investment Trends Australia FX Report.
This makes trading for advanced traders cheaper than a standard account. AxiTrader has always followed one priority, which is important for him now – to provide favorable conditions for working with the foreign exchange market. However, on its platform there is access to other markets with a wide range of additional financial tools. The change of owners has had a positive impact on the company’s activity and its range of services.
What you need to keep an eye on are trading fees and non-trading fees. We ranked Axi’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. To read much more details about the broker’s services and features, expand on the sections below.
If you experience a delay in receiving funds, we recommend you follow up with the individual payment provider. Reply by Axi submitted Nov 18, 2022 Hi Ricardo, thank you for taking the time to leave us a review. Your withdrawal request on the 26th of October was sent to your bank account that same day.
Broker Comparison
The spread limiters are not on the demo account which is why you might have seen a spread increase, we completely agree with you that such a number over an NFP announcement is unacceptable. Traders have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.4 pips, carries costs roughly three times above that and beyond. It is an expensive account, and I recommend traders opt for the Pro alternative. The commission of $7.00 per round lot remains competitive, and spreads start as low as 0.0 pips, an ideal combination for algorithmic traders and scalpers. Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account.
Do yourself a favor and don’t trust them with your money or someday you’ll be writing a review about them like I am right now warning everyone about how ridiculous they are…… I suspect that any sort of problem that I have they will stall and put up road blocks. Not sure if I should go through with ipening the account. Failure of 95% of traders in my opinion is not due to a lack of education, but rather the wrong education. But realise that the 5% which are successful are doing somethig different to the rest. AxiTrader offers over 130 CFD instruments across Forex, Stocks, Indices, Commodities, Precious Metals, and Cryptocurrency categories.
During this same time, I had same trade on 3 brokers and none of them had this crazy spreads. The mid-night spread can be around pips on standard pairs. I wanted to withdraw and close my account on the 19th May 2021 and went into client portal.
The minimum spreads in the Standard account start from 0.4 pips, and 0 pips in the Pro account, with a commission of $7 per lot. The Elite account offers the minimum spreads from 0 pips, with a commission of $3.50 round trip. While Axi has three well-regulated subsidiaries, most international traders will deal with the unregulated unit operating from St. Vincent and the Grenadines. Since Axi has an exceptional reputation, I do not view this as an issue. Axi is a member of the Hong Kong-based Financial Commission, featuring a €20,000 compensation fund.
Broker does Inside trading or Hunting stop loss. Their MT4 charting gives wrong info on market highs and lows.
I could not do it as it says that i need to provide bank details. I have already provided them the bank details 2 years back and i could see it stated in the bank details column with my bank account number clearly shown. Hi Peter, thank you for sharing your experience with us. Having spoken to our customer support team, we understand the issue you raised was resolved on November 13th.
- You can view a complete list of their trading platforms here.
- They were recommended to me by a professional trader from AUS.
- This is also something to look forward to when trading with AxiTrader.
I got free first time funding with credit card which was a nice surprise. I am in the process of opening a live account with Axitrader. They emailed me to confirm that they have created my account. They replied saying that I would have to fund the account first. Good luck all and don’t bet your life savings with any cfd provider as they make money from your losses unlike a futures broker who makes money by u placing many trades with them .
We compare Axi’s fees with those of two similar brokers we selected, TMGM and Eightcap. This selection is based on objective factors such as products offered, client profile, fee structure, etc. Frist off, the markets appear to be covered with everything from Forex to futures to https://forexbroker-listing.com/ commodities. Then, you can move over to the tools section and begin looking at the different platforms that are covered by FxPro. As expected, this broker is compatible with MetaTrader 4, MetaTrader 5, and cTrader. These are arguably the most well known platforms in the space.
People of any experience level can get an accessible customer support team from it. Moreover, this broker offers deep leverage options and the ability to use some useful third-party trading applications. Relatively high entrance threshold ($200) are the reason for speculators to hesitate from registering on the website axitrader.com. However, the authoritative regulation and storage of clients’ funds in segregated accounts in reliable banks gives many professional players confidence in cooperation with this organization. I joined Axitrader almost 18 months ago, having traded a demo account with them for 7 months before opening up a live account which I continue to trade through, to this very day. The initial 7 months was not only a trial of Axitrader as a broker, but one of at least a dozen Australian brokers using the MT4 Platform.
Why trade Forex online?
We’re sorry to hear that you’re having difficulty with your withdrawal. We’ll work with you to resolve this issue as soon as possible. Hi Ricardo, please note that the difference in the amount is due to bank fees which Axi does not have control over. A member of our settlement team has sent you proof of payment that you can use to check with your bank. Kindly note that we did send the funds to your bank last October 26th based on your bank instructions.