AxiTrader review by Forex Peace Army ⭐ Stay informed read Axi reviews

You must bear in mind that PayPal is not available in every place. The monies AxiTrader accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD. We made a request via AxiTrader livechat via their website and app and recieved a response within 20 seconds. Understand the trading resources available with AxiTrader, freetrade & easyMarkets below.

Remember, Axitrader needs to be your partner in your trading journey. The only requirements are name, country, e-mail, phone number, and application type, which took me less than 30 seconds to complete. New accounts require verification, following well-established industry practices. A copy of the ID and one proof of residency documents generally satisfies this step and completes KYC/AML stipulations. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.

AxiTrader’s Mobile App

While most of the actual clients of the broker seem to have a positive opinion of it, there are a few dissenters in the mix too. Complaints cover alleged spread manipulation, stop loss hunting and some withdrawal issues. For a broker with a 12 year history to look back upon, such mixed feedback is part and parcel of existence however. Thereafter, upon completion and submission, applicants will need to confirm their email address via a system-generated email.

However, the company delays this process in any way, promises and provides false information. I demand to provide me with confirmation of sending money (SWIFT), they refuse to do this. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate.

AxiTrader Awards

The initial capital of trading with AxiTrader can be leveraged to amplify the potential gains smartly. It is important to note that high leverage has an inverse effect as well, where it could work in reverse of the trade. A live chat can also cover some training topics wherein an expert answers the questions and satisfies them.

The platform is customizable, and you can manage your trading dashboard with its flexible charts and tools. MT4 is known to be the world’s number one trading platform for Forex trading. There isn’t any confusion with regards to the AxiTrader platforms since MT4 is the only platform available for trading. The Meta Trader terminal is indeed highly popular, and the broker hasn’t bothered with creating a proprietary platform just to satisfy a minority of traders. Nevertheless, AxiTrader mobile traders can also use the MT4 AxiTrader apps on their smartphones or tablets by downloading the Android and iOS apps directly from their web store. Platform performance is as expected, and traders should feel comfortable with the speed of execution and latency offered by the AxiTrader MT4 platform.

AxiTrader Mobile Applications

The general educational videos have great quality and cover a lot of topics, like trading psychology and forex trading. Unfortunately, some articles are available only through the Australian and UK websites. If you are on the international website, you will only be able to access forex market analysis news and educational pieces.

Lastly, if you think that your trading is impressive then you can always export your trading data and use it to secure external funding from investors. Not only will it analyse your trading history and make suggestions around this but it will also make use of the reams of trading data that it has gathered over the years. This could help you by making suggestions which could significantly improve your trading performance.

Table of Contents

After extensive research over several years, we have compiled a list of the most effective Axitrader alternatives available today. If you are unsatisfied with Axitrader or want to explore other options, we recommend checking out our carefully curated list of highly-rated Axitrader alternatives. Follow the links below to learn more about these Axitrader broker alternatives and choose the one that best suits your trading needs.

Always do your research and choose a broker that satisfies your exact requirements. However, just like all online brokerages, it is important to note that traders can also lose money. In particular, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% of retail investor accounts lose money when trading CFDs with this provider. Users do not have to share personal details like the history of bank transfers, transactions, account details, or any bank statement, etc.

Best and most trusted forex brokers in June 2023

A free-for-all feature of AxiTrader, PsyQuation Premium, helps its clients maintain a minimum balance of $500 with monthly trading of one standard lot. It is an advanced trading tool that can provide smart forex trading signals through its comprehensive forecasting, quantitative analytics, and market indicators. Between 74-89% of retail investor accounts lose money when trading CFDs.

• Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone.
• The minimum trade size is also set to 0.01 lots, and there is no minimum deposit requirement.
• Axi has low fees for trading index CFDs, while stock CFD fees are average.
• Traders are also not provided with any loyalty programs or any other additional benefits for opening an account, which is by far one of the major disadvantages of the company.

You will also have financing or “overnight” fees that are charged on those positions that are kept open overnight. This will vary depending on the interbank interest rate that is being applied on the currencies at the time. AxiTrader will charge their own spread to this which is +1.25% for a long position and -1.25% for a short position. However, leverage levels will vary a great deal depending on the type of account that you have as well as the instruments that you are trading. In order for you to get a good idea of the kind of leverage levels that you can trade with you will have to take a look at the product schedule.

But, it also has a toll free number where traders register their inquiries. An online trading course by AxiTrader is available for new traders, giving them access to all the tools that train them in becoming a better trader. This AxiTrader review finds the training aspect of the software quite impressive. Outsourced training is further complemented by in-house educational content, which contains high-quality articles. It allows the users to access the software’s benefits in running the server component and the client features. The client software sees the live streaming prices of forex currency pairs and displays their trend charts.

• Regulation is perhaps one of the most important questions that any trader may have about a broker.
• What really put the cherry on top for us was the fact that they were quite open to traders visiting their account managers at the offices.
• As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
• Another example that is more trading-related is from JackW, who considers AxiTrader to be a decent choice for investment.
• The Deposit/Withdrawal methods supported by the broker cover bank transfers, broker-to-broker transfers, as well as various credit and debit cards.

If you do high volumes and you have extensive experience trading then the pro account is definitely for you. Surprisingly, you are not https://forex-review.net/axitrader-review-scam-or-legit/ charged any fees for a deposit / withdrawal at Axi. So, irrespective of your funding method they will not charge a broker fee to it.