It can help traders improve their performance, which I find an excellent tool. Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature. Like any of the reputable and successful brokers, Axi provides you with a demo account that will allow you to familiarize yourself with how it all works. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience.

• As it promotes fast processing of funds, it means that processing should take no longer than 10 minutes to reach your account, with a few exceptions.
• I got contact from my account manager (yeah, never had one apart from TD Ameritrade) within 30 minutes if receiving account approval.
• This means that they don’t use a dealing desk but instead connect their clients with an ECN network so you can trade directly with global liquidity pools.

The vision of Axi is to keep delivering remarkable trading support and become the world’s leading provider of online foreign exchange trading services. This type is suited for people entering the market newly and is fully available for both mobile and desktop traders. The account allows up to ten base currencies, namely AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD, with a minimum trade size of 0,01 lots and a spread of 0.4 pips. Other available services on this account type include steady trading news, analytics, and instant execution of trades. Hedging (both partial and full) and scalping are among the supported strategies. Axi is governed by a number of regulatory authorities worldwide, including the FCA in the United Kingdom and ASIC in Australia.

Loosing money due poor service

The broker pays cash rebates under a partner or referral program. Australian forex traders have different requirements from forex brokers ranging from leverage, fees to features. This Axi review was based on our trading platform comparison, focusing on broker features as a focal point. If you have a different priority, then visit our homepage and view our other forex broker comparison charts. Our most popular forex broker comparison tables are low fee, high leverage and bonus offers. All information comes from providers’ websites with each provider offering free demo accounts to trial their offering and trading currency.

He has taught over 25,000 students via his Price Action Trading Course since 2008. Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. These products may not be suitable for everyone and you should ensure that you understand the risks involved. We may receive compensation from our partners for placement of their products or services, which helps to maintain our site.

This provides for a very healthy level of language support for traders around the world. Solid regulation is not the only protective measure in place for traders at the broker. This means you cannot lose more than you deposit in your account, though if you have more than one account, the balance of one can be used to cover the other.

• An XTB review is an overview of the online trading platform, XTB.
• They offer the ability to call them toll-free in many regions located across the globe.
• Right now, they host over 40,000 traders with 8 offices around the world to ensure smooth sailing.
• However, withdrawals can only be made through wire transfers and e-wallets.

The first is MetaTrader 4 (which, as we said, is the standard trading platform that most online brokers use). Like any of the reputable and successful brokers, Axi provides you with a demo account that will allow you to familiarize yourself with how it all works. There are more than 60,000 traders in at least 100 countries using Axi to achieve trading ambitions. In addition, traders who need more assistance can engage with expert coaches through the site. Axi hosts weekly free webinars on a variety of topics, including market analysis, trade management, trading psychology, and much more. Whether you’re just starting started in trading or an experienced trader, there’s always something new to learn about the markets.

The broker has no deposit or withdrawal fees, tight spreads from just 0.0 pips and competitive commissions, all which make Axi stand out among its competitors. Axi has average spreads and commissions and has attracted traders worldwide to its platform. The broker provides demo and Islamic accounts and offers several educational resources to assist traders. However, it is important to note that negative balance protection is only available for traders under certain regulatory jurisdictions. Axi is regulated by the ASIC, FCA, and SVGSFA, making it a legit broker and also part of a compensation fund, which offers refunds in case of insolvency.

Very good platform

The best part is that upon reviewing the platform, trading data was 100% open instead of being restricted to a few percentages like most copy or social trading platforms provide. Axi offers dynamic spreads in all their accounts (meaning that they constantly change) yet they do adjust their base offer depending on the account type a trader opens. CFDs are complex instruments and come axi forex broker with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. With language availability, there are more than 10 languages that you can access through the broker website. These include English, Spanish, Russian, Arabic, Chinese, Thai, Vietnamese, and more.

The live chat has an instant response, which ‘instant’ means that you will receive a response within 10 minutes. On the other hand, reversal patterns are signal trends when the direction changes. These signals can be used to trigger new trades because the reversal may cause a new trend to start. With that said, this can be used as a technical pattern that can serve as an advanced warning to identify potential changes in the market direction.

What funding options does Axi offer?

With commissions and spreads at the broker, only floating spreads are offered. This third-party platform is fully available to you, whether you favor a desktop PC trading experience or mobile trading. The mobile trading capability is particularly important in any review of trading platforms as most traders operate from mobile phones, and Axi performs quite well on that metric.

Axi Review

You can search for systems that meet your requirement by filtering statistics that matter the most to you. For traders of any experience level, Axi represents one of the most reliable options around. A wide variety of CFDs are available, though the addition of instruments like shares would help increase the value of the ecosystem. Every trader should be able to pursue their own trading strategy. As a result, the broker lets traders use third-party Forex Trading Signal technologies on its MT4 platform.

Step 1: Open an account

Some brokers, especially those who provide traders with direct market access, tend not to have negative balance protection as they are only middlemen and not market makers. But still, many brokers provide negative balance protection which is a very good protective tool for traders who are using leveraged trading. Axi offers negative balance protection for traders from the UK and Australia, but not for international traders who fall under St. Vincent and Grenadines’ jurisdiction. Traders have to exercise caution and make sure to check under which jurisdiction their account falls in order to be sure they are covered. This XS.com review explores the broker’s regulations, fees, deposit & withdrawal methods, account verification requirements, safety measures, spread, and leverage. It also outlines how to open an account and start trading on the investment platform.

Is Axi a good broker?

They have a great selection with something for everyone to trade. You will find stocks of the largest companies, popular cryptos and major currency pairs. Axi has worldwide, multilingual customer support to assist its clients 24/5. Customer support is available through live online chat, phone, and email. Furthermore, the clients are assigned personal account managers for a more personalised experience.