I like that Axi adds Autochartist, which can assist beginner traders. MT4 is the market leader in algorithmic trading and remains the most versatile trading platform. It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app.
Here is a look at some additional products that you may encounter when trading at Axi. The platform is available as a webtrader, again directly through your browser. The leverage available to you at Axi is dependent upon which regulatory body you are operating under, and also which assets you are trading. When it comes to methods available, wire transfers can be used and typically take 1-3 days although they are only available in the EU. Credit/Debit cards from Visa, MasterCard, and JCB can also be used and typically provide instant deposits.
- Once verified, you will then be able to fund your account and start trading.
- The Axi Community completed an excellent set of value-added services at Axi, all intended to promote better traders.
- Here you can trade via the familiar MetaTrader 4 platform in the same fashion you would trade currencies.
- If you want higher leverage then you would need to look at the international brand.
When it comes to the trading account types, Axi offers two accounts initially, which are the Axi demo account and the live account. Once open a live account, further Axi account types are categorized. Axi offers low trading fees, which vary on the account types and the cost structure.
The forex news feature provides you with the latest forex news directly into the platform. You can add your favourite news feeds and follow traders from social networks. I personally prefer the MT4 desktop platform as it has all of the features and functionalities. I actually run multiple instances of the MT4 platform to try out systems on different brokers. You shouldn’t have any problems opening charts, loading indicators, setting alerts, entering and managing positions. Axi UK must comply with the rules of the European Securities and Markets Authority (ESMA) when they are conducting their business.
This means you will benefit from instant market executions depending on your account type. This is also a very popular execution style which ensures you can benefit from the fastest executions possible while making use of the deep liquidity the broker provides. This is through the extremely user-friendly AxiOne trading platform which is connected to more than 20 liquidity providers for the best depth and fastest order execution.
Trade the ASX200with spreads starting at 0.1 pips
VPS Hosting is a great option for traders who prefer automated strategies and trade with Expert Advisors or as a backup to ensure they’re always online despite their local connection. In other words, you are able to see and utilise the strategies of the most profitable traders across the globe. Axi offers its clients access to thousands of trading strategies and the ability to automatically copy and place orders as per your chosen strategies. European retail clients of Axi also benefit from the coverage of the Financial Services Compensation Scheme for sums of up to £85,000, and from negative balance protection.
You can also receive custom alert notifications via the app, email or SMS. The MT4 mobile platform allows you to seamlessly connect your mobile device to the trading platform. You can view real-time pricing, place & manage trades, view account history, monitor positions, customise charts, set alerts and more. This is useful for those who need to access their account whilst on the go from differing locations. MT4 mobile is freely available to download on both Android and iOS via the relevant app stores.
To understand the fee structure, we have tested the pro account for this Axi review, and the finding is they have a low commission with low spreads. Before getting into the Axi review, let’s get to know about the company. It is an Australian based forex broker that allows trading forex, CFDs, and indices. The platform is fully integrated with many tools, services, and connectivity options offered by Axi and provides for the needs of all trader types extremely well. Here you can trade all the available assets including Forex, CFDs, Spread Betting, and Metals. It would be remiss of any Axi broker review not to note that they offer a comparatively limited range of products, consisting mainly of forex spot and CFDs.
With its customization features, a trader can change the size and positions of the tabs, which provide the edge of access. They have been operating in the industry providing service for a long time and are well-trusted by traders. Unfortunately, research is an area in which Axi does not perform particularly well. The research section with the broker only provides access to an economic calendar and no other insightful research tools like you may find with other major brokers. It is easier to use than it sounds, and could really provide you with some great trading insights to help manage your trading. Axi is a CFDs broker, every asset listed on the platform is offered in CFDs.
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This includes a website-based live chat, email, and several telephone numbers. Here you will be able to take full advantage of the deep liquidity provided by more than 20 liquidity providers with hundreds of additional sources to Axi. Through the very intuitive platform you will also have completely integrated access to trading across seven different exchanges. axi review ForexVPS – They offer 24/7 customer support at a price of $34,99/month, but Axi will cover the fee if you trade more than 20 lots per month. Limit orders will help manage your entry into new positions, and the margin calls provided will ensure your equity never drops below a particular level. All are important tools in guiding you towards successful trading.
Commodities
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. The Axi Community completed an excellent set of value-added services at Axi, all intended to promote better traders. Axi provides traders with the out-of-the-box MT4 trading platform and upgrades it free of charge with the Autochartist plugin.
As a result, to keep them active, brokers impose unwanted non-trading fees. This means the trader will have to pay some charges if they are not active in trading for a certain time. Here you can gain access to all of the same excellent features that you can on the desktop trading platform, but directly through your browser and without having to download anything.
In Which Countries is Axi not Available?
Axi also gives you the option to modify your leverage as per your convenience. This is a great feature if you need to reduce the risk you are willing to assume on a certain trade for whatever reason. To ensure the safety of their clients’ funds, Axi uses segregated accounts to top tier banks – meaning the funds belonging to clients are held separately from the company’s accounts. That means that in the case of financial struggles or if the company faces bankruptcy issues the clients’ funds are not affected.
They give you direct access to the latest market data with multiple liquidity providers (LP’s) from 14 of the world’s largest banks, for live pricing and superior trading conditions. Servers are located close to the exchange in New York, for improved trade execution. Generally speaking, the more liquidity providers a broker has, the better prices you can get.
These fees are charged on basically every asset at the broker since they are dealing in CFDs and the fee is charged at the closing hour of the market. The broker also allows for you to use many additional services to complement your trading such as MyFxBook, API trading, Autochartists, and PsyQuation run by AI. Traders are not machines and part of the investing process is handling risk & developing strong trading psychology. Fundamental tools, training resources, trading education and expert coaching to help you continuously improve.