As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients. The number of available https://broker-review.org/ instruments is the same across all account types. The trading platforms and additional tools are also available for all account types with the same offerings.

Some of the base currencies you can deposit in are USD, GBP and EUR, but it will depend on the deposit method. You can choose between different methods such as a bank wire transfer, credit card, debit card or ePayments such as neteller or skrill. Other tools include the economic calendar, PsyQuation and CFD rollover dates on important trading instruments. Clients have access to tools like AutoChartist, which is one of the top performing chart pattern recognition plugins on the MetaTrader 4 platform and can be directly applied to a trader’s charts. Stocks, currency and other commodities and instruments will be brought or sold by Axitrader even if no buyer or seller is lined up.

  1. One click trading directly from the charts is also available which is perfect for scalping, and price alerts can also be set.
  2. Finally, they will need to verify their account through the submission of identification documents.
  3. They can take another side of the trade but are well regulated and transparent and can be considered safe.
  4. In addition, the broker is a popular choice among Australian traders and worldwide investors that were convinced about the Australian service provided.
  5. Once completed, Axitrader users can download the trading platform of their choice.

We recommend that you open your account with the UK entity since it is the only one that offers deposit protection to traders if it is available to you. 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. Customer service at Axi is well provided for through a number of mediums.

Integrated Trading Platforms

The broker’s website is easy to navigate and contains up-to-date information about the company and their trading conditions. You have negative balance protection with this account, which means you cannot lose more than the amount of money in your trading account. If a trade position is unsuccessful and you have a loss, any negative balance on your account will be reset to zero. The third option is Axi One, a platform that is regulated by FCA and ASIS. PsyQuation is free for AxiTrader clients, and it is powered by Al & Machine Learning, an artificial intelligence system that learns your trading behaviour and alerts you for possible mistakes.

AxiTrader review

On this AxiTrader review we have researched what this broker has to offer. This way you will be able to see the fundamentals of what you might need or not for your goals. This ICMarkets and all other broker reviews on this website are conducted fully independently by a team of professionals. No, as an Australian based and ASIC regulated broker, IC Markets does not need to comply with ESMA regulation and limits. Other VPS services that can be utilized by AxiTrader clients are MetaTrader VPS (by MetaQuotes) and Commercial Network Services. Most trading strategies and types, such as scalping, hedging and Expert Advisors (EAs) are allowed.

Broker Types

It’s important to note that Axitrader requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Axitrader maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Axitrader trading platforms is available on their website. They seem to offer a beginner friendly trading package with personalised customer service all with the security of a well-regulated international brand.

CFD Trading on Axitrader

While the app versions of MT4 exist, you can even work with the MT4 web trader, accessible via any given browser. Using the copy trading platform, you can study the strategies of the top traders and copy them. You must choose a trader to copy, then define your boundaries and begin copying. Commissions are not charged with the Standard account, but axitrader review you can expect a higher spread that starts at 0.4pips. It is more suitable for novice traders, especially in addition to the Copy Trading platform. The firm’s in-house and third-party research tools, including AutoChartist and add-ons provided in the MT4 NextGen package, help AxiTrader differentiate itself among other MT4-only forex brokers.

These include English, Spanish, Russian, Arabic, Chinese, Thai, Vietnamese, and more. This provides for a very healthy level of language support for traders around the world. Axi also provides access to the Psyquation platform for free if you are a trader, even though it is usually a subscription-based service. With Axi, there are a wide range of trading platforms and tools available and at your disposal. A commission of $7 is also applied per lot on a round turn trade if you are using a Pro account. Added to that, the execution speed is typically lightning fast and you don’t have to worry about receiving any requotes.

What funding methods do Axitrader accept?

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe,
Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting,
and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. The team answered the call in under 5 minutes and successfully resolved our queries over the phone. We will show you an example of the basics of using Axitrader leverage. Like other brokers, Axitrader margin requirements can differ depending on the traded instrument.

Always do your research and choose a broker that satisfies your exact requirements. This is accomplished through the implementation of online courses, Seminars, Trading basics, eBooks, Forex basics, and Forex video tutorials. Additionally, it includes several additional platforms that provide valuable trading information, which encompasses Autochartist, a program that searches the markets for real-time pricing. The broker also includes VPS Hosting sand the power of its PsyQuation software. Licensed by the FCA and ASIC, it also operates with licenses from the FMA and DFSA while offering multiple language and currency options, support services and trader tools.

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. A $1,000,000 client money insurance policy is also in place, making the unregulated St. Vincent and the Grenadines unit the best-protected one with the best trading conditions. Axi processes client withdrawals via most of the payment methods available for deposit making it convenient for its clients to withdraw their funds. There are various options for funding your account, including bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller.

With Negative balance protection, traders cannot lose more money than they have deposited. Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. It’s worth noting that the expiration date of the proof of address document may differ for different entities under Axitrader Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience.

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. This is also backed up by a great range of charting tools and indicators that their own platform, as well as MT4, provides, though the limited asset choice can be an issue. AxiTrader account can be funded by several options including Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY. Also, there are selected companies with whom the company allows broker-to-broker transfers, so you can either transfer your account from another brokerage to AxiTrader.