The Next Generation of MT4, or what Axi calls ‘Axi MT4 NexGen’ is an advanced MT4 platform that embodies advanced management tools.It has enhanced ordering and sentiment trading. This platform is more developed, with more features to enjoy for professional traders. With this platform, you can gain insights into live market trends by viewing how others are trading using its sentiment indicator. As mentioned in the fees section, with the pro account you have much lower spreads than the standard account although you do have to pay lot commission. With the pro account you also can trade with up to 400x leverage. The standard debit cards can be linked to the account to transfer money back to the account.

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. Axi has low forex and CFD fees, and deposits and withdrawals are free of charge. A review conducted on the said regulated service proved that AxiTrader is completely legit under St.Vincent’s authority and the Grenadines Commercial Intellectual Property Office.

Client support can be reached via email, phone call, or live chat. Users do not have to share personal details like the history of bank transfers, transactions, account details, or any bank statement, etc. With its strong foothold in the UK, the firm is currently trying hard to capture the European retail trading market. Like I mentioned before, there have been other “trading bot” types of MLM companies before that have not ever turned out good. Yup, no actual products although they claim that they do have an AI Robot that does all the trading. Altcoins – Investments of the most promising Altcoins to maximize profits.

• This has a pretty extensive array of features for a mobile trading application.
• Arbitration – Analysis of profitable offers with the help of their AI bot.
• Opening a live account with Axi takes only 3 simple steps.First, you need to complete the application by filling up the form.
• This adds further weight to their “personal touch” argument but you will have to call prior to arriving to make sure that they manager is present.
• AxiTrader Callback Request FormTrade more than 6,000 markets without commissions and professional platforms.

Therefore, I consider it pointless, as traders use demo accounts to test applications and trading strategies, which requires significantly more than 30 days. The MetaTrader 4 trading platform is a key part of AxiTrader’s offering. It does an excellent job of providing auxiliary services, including the Autochartist Plugin and PsyQuation Premium. AxiTrader runs its in-house research to help its users with bankable insights.

AxiTrader is not replicated by the country’s regulator – the Financial Services Authority. It is a broker noted under its regulatory jurisdiction, as mentioned on AxiTrader international website. This website registers the highest share of AxiTrader users every year.

What is the Axi minimum deposit?

These are the ECN instant trade order and Non-Dealing desk execution. Overall, Axi fully complies with the regulatory standards imposed by some of the top financial regulators in the world. However, it’s worth mentioning that in Nov 2019, New Zealand’s financial regulator suspended AxiCorp licenses for not complying with the Financial Markets Conduct Act 2013.

The broker also offers video tutorials on MT4 trading as well, and multiple articles and eBooks regarding Crypto trading and both forex and stock markets to keep clients up to date. The broker also presents its Axi Academy educational portals with a great variety of free learning courses. AxiTrader has no minimum deposit requirements, you are free to deposit any amount for its standard and PRO accounts. Overall, we found that AxiTrader fees are relatively low or no fees at all. In this case, the client’s funds are safely kept in segregated accounts with top-tier banks and secured by compensation schemes. As well as all online transactions, executions, or traders’ manipulations are fully encrypted and follow operational guidelines.

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. Opening an account with AxiTrader is quite easy, you just need to follow the steps of the account opening process, verify your details and select the account type of your preference. You can also choose whether you want to open Deo or Live account.

AxiTrader does not promote any specific platform higher than the other, which makes it quite unbiased. In October 2020, AxiTrader officially announced rebranding its company from AxiTrader to Axi. Trader communities of the platform will be rebranded accordingly. Forex pairs have been one of the most lucrative assets in the world of trading financial instruments. By registering high returns, forex trading has instantly profited investors worldwide.

Is AxiTrader a market maker?

Almost real-time equity arch provides traders to help observe risk capital and regulate trading risk better. Many retail accounts lose money when trading in the financial markets. After opening an account, you can access the account through the AxiTrader login!

About 74 – 89% of retail investor accounts lose money when trading CFDs with this provider. You should know if you are willing to take the risk of losing money by trading CFDs before making a decision. Since the brokers are traders themselves, they understand the need to have a great 24-hour service, tight spreads, and fast execution with minimal slippage. With that said, Axi commits to delivering their best to their clients to reach these factors that are very important to any aspiring trader in the online trading industry.

This trading account is designed for beginner forex traders as it’s not a market makers account. This forex trading account spreads are wider than their Pro account however the account has no commissions. It allows you to control an unlimited number of managed accounts from one trade terminal. AxiTrader has invested greatly with these MT4 platforms to MT4 servers to ensure that the MAM solution provides the fast and reliable service account managers need to service their clients.

In addition, the broker is a popular choice among Australian traders and worldwide investors that were convinced about the Australian service provided. Trading with a regulated broker will limit the potential 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.

We noticed that Axi has low forex fees, and deposits and withdrawals are free of charge. Like other trading platforms, AxiTrader did not develop their proprietary trading application just to fulfill the needs of a minority of traders. The customer service of Axi Corp has also won awards thanks to its 24-hour day customer centre. This is only closed on the weekend when currency markets are closed.

How long does it take to withdraw from Axi?

The account manager assists the traders with the training of trading and other market information, and also helps them improve their trading style. This is the primary reason why this trading platform is considered safe as compared to other financial brokers. Ever since the inception of the AxiTrader trading platform, the firm became a sector-leading financial brokerage firm in the Australian retail Foreign Exchange market. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. 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.

In China, AxiTrader entered into a partnership with China Union Pay to help its Chinese clients process payments easily and directly to AxiTrader. Later, when their trade volume surpassed the 100 Billion Dollar mark, AxiTrader stretched its corporate brand to Germany Latin America and also to the Middle East in 2016. Comparebrokers.co needs to review the security of your connection before proceeding. https://forexbroker-listing.com/ Apparently, the AI Trade program takes 55% of the bitcoin that you invest to generate an ROI over a certain amount of time with their trading bot. As far the residual income opportunity that AI Trade offers is offered through a Matrix and Binary compensation plan. That is really all there is to it as far as products, let’s move to the next section of my review that covers the compensation plan.

MT4 Standard Account:

With an 80% margin on all crypto pairs, it means that you are only getting an effective leverage of about 1.25x. For those traders who want more leverage they should try the likes of IQ OptionandPlus500. It will give you a list of helpful explanations and descriptions that can break some of the jargon that you will encounter when trading on any forex trading platform. Of course, there may be other fees that are applied by third party payment processors and banks. For example, if you are funding via SWIFT then there may be fees charged by third party banks or if you fund via card then your credit card provider may charge a fee.

Account types

If you have any issues when trying to open an account, you can get in touch with customer service through phone support, email address, or live chat. Remember many retail accounts lose money when trading in the financial markets. Since the company is managed by traders themselves, they understand the need to have a great 24-hour service and give their best to deliver it to their clients. It offers an advanced and developed MetaTrader 4 platform that allows traders to enjoy the maximum capacity to trade. The brand also promotes the security of funds of its clients wherein the funds of the customers are segregated from their own company’s funds.

Standard account

It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app. One of the top forex brokers in the forex trading market is AxiTrader. Over the years, AxiTrader has become a sought-after name in the forex trading market. The platform serves as a broker to millions of traders around the world. When spreads and fees are compared to other Australian forex brokers, the overall result was favourable.