Forex Trading

AxiTrader Review 2023 Updated :Is Axi Trustworthy and Legit?


Professional and non-EU clients are not covered by negative balance protection. However my withdrawal on my commission on bringing clients has been unsuccessful since June! I received replies that the payment is on hold and so on and so forth.

They offer micro, mini and standard lots, which is a huge plus. The fees and commissions are low compared to other brokers for forex trading. All types of FX pairs are on offer to trade with, including exotic pairs.


There’s also a free 30-day demo account available to practice their trading strategies without any risk. The customer support team is knowledgeable, friendly, and professional. Axi also offers a free 30-day demo account that allows traders to practice their trading strategies without any risk.

Full Power Reserve Kit – AXI-201250

There is also a MAM account and social-trading via the Myfxbook AutoTrade. The broker offers ECN trading conditions with a minimum deposit of just $1,000 on the Pro Account. The trading spreads on this account type start as low as 0.0 pip on EURUSD plus $7 commissions per full-traded lot. There is also the Standard Account that offers spreads as low as 1.1 pip on EURUSD without trading commissions. Axi provides traders with the out-of-the-box MT4 trading platform and upgrades it free of charge with the Autochartist plugin.

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The tool can tell you when you should trade by using support and resistance level. Support and resistance are the fundamental points in technical analysis, so many traders base their strategies around these points. The AxiTrader subsidiary that is regulated and authorized in St. Vincent and the Grenadines is the one that is supposed to be for international clients. In our AxiTrader reviews, we make a point of checking the claims made by brokers. That is why AxiTrader is so dedicated to building trust and ensuring proper regulation.

Protect yourself from viruses, phishing and scammers

After this, you will need to collect your MT4 details from your account and use these credentials in the downloaded software or the web terminal. Opening an account with is simple enough, and you will only need to visit their website to being the registration process. If you want to know more about the traders, you can copy and would like to look at Axi’s select investor list; then you can check that out here. Free access to premium services like Tuneln, Mubi and more. 140+ FX pairs and Metals CFDs can be traded with an Axi account.

  • Axi is an online forex broker registered in United Kingdom.
  • This is based on 3 points rebate per 1 lot of Silver.fs or XAGUSD on Standard accounts, and each referral trades at least 1 lot Silver.fs or XAGUSD per day special.
  • This useful feature allows you to have a firm handle on how much you want to risk and how much you stand to lose.
  • By providing a secure trading environment, AXI broker helps traders to trade with confidence.
  • Axi also provides traders updates on holidays and other events that might affect market conditions.
  • This means that they offer a web-based platform first and foremost.

The broker also uses SSL encryption for data transmission, and the company has a strict anti-fraud policy to ensure that the investors’ funds are safe and secure. Since there is a high risk of losing money when trading forex, it is important to decode the complicated trading process and implement some effective trading strategies. Things become simpler when trading brokers offer their financial services to assist people in their trader journey. I like the trading experience at Axi as the Pro account offers raw spreads from 0.0 pips for a commission of $7.00 per round lot.

Scammers always pretend to be from a legit broker and try to con people. If you feel any additional concerns, you should call in and talk to them about this. Other than that, they seem to take client trust very seriously. At the moment, over 100 countries are eligible to trade with AxiTrader.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. 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. 70% of retail investor accounts lose money when trading CFDs with this provider.

As discussed in our M1 Finance review, our team likes to see what type of accounts brokers offer clients. The second type of account from Axi is the Pro Account for traders who are more serious about trading. Axi provides a $7 round trip commission on this account and the spreads are lower than for the Standard account. Demo accounts are available if you wish to test trading conditions and platforms before opening a real account. This can be a great way to familiarise yourself with the trading platforms and practice your trading strategies with virtual funds, risk free.

Contact Axi directly

An 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. AxiTrader also generates researched information from a market analysis section that taps into online content and runs a market commentary. This information is packed with trade ideas that support the outsourced research produced by the tools. Several AxiTrader reviews reveal that the broker does ample market research to provide its users the best-in-class information.

  • They have some of the best customer support you will find anywhere, evident by the numerous awards that they have won.
  • Using the VPS, brokers can provide clients with direct ISP connection to physical hardware.
  • Five eBooks are also available free of charge, but Axi asks for a name, country, phone number, and e-mail address.
  • Currently its not under any effective regulations, so please pay attention to possible risks.
  • Consideration has to be accounted for in terms of bank process times and other payment method processing times.
  • UK clients can use a debit or credit card, which is convenient, and there is a minimum deposit amount here of $5 or equivalent.

The main difference between the accounts are the spreads, commission and minimum deposit required. The account type you opt for will depend on your trading strategy. You can choose from low spreads with a small commission fee or pay no commission but have a spread mark-up instead. The free educational course covers many aspects of trading from how to place trades, risk management, chart analysis, news trading and more. They can help you to arm yourself with essential skills and strategies to trade the financial markets.

Axi Review & Rating 2023

While the videos in each are short, they introduce each topic to new traders. I think beginner traders can start there and then research more online. Overall, I find the educational section at Axi comprehensive and of good quality. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

Traders can use EAs to automate their trading strategies and manage their positions more effectively. The deposits are free for the first USD 50,000 deposited each month. For withdrawals, there are no fees for amounts higher than $50 or the full balance withdrawal.

Signal providers

The swap axi review vary based on the trading instrument, account type, and whether a position is long or short. For instance, long positions receive a negative swap fee, while short positions receive a positive one. All these provisions come together to ensure that new traders can learn what they need to know before signing up for an account.

In terms of the available platforms that Axi offers its clients, they are able to use MT4 and their “copy trading” proprietary app. The spreads are quite competitive, starting as low as 0.2 pips, but we will take a closer look at these when we dive into the available accounts offers. Traders need to recognize that there is great risk involved with trading financial instruments and this level of risk is not suited for all traders. Axi have a generous range of trading instruments for you to choose from. You can access multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs & ETFs. Whatever your interests, there is something for everyone to trade.

foreign exchange

Established in 2007, Axi is a recognized and trusted broker with its head office located in Sydney, Australia. It quickly made a name for itself and gained an international presence. Axi is recognized by many investors for its product market coverage and the tools offered to assist clients with the implementation of their trading strategies.

I appreciate that all of the accounts feature simple and secure funding, advanced trading platforms and powerful tools for finding trading signals. MT4 is among the most popular platforms among forex traders and is available on Axi. The platform offers various features, such as charting tools, technical indicators, Expert Advisors , and automated trading strategies. Traders can customize their strategies using EAs and automated trading strategies without any manual intervention. CFDs on Cryptocurrency trading are ideal for traders who wish to diversify their portfolio or take advantage of high market volatility.

MT4 enables traders to develop expert advisors, custom indicators, and scripts using the MQL4 programming language, developed by MetaQuotes. Axi holds an Australian Financial Services Licence and a New Zealand Derivatives Issuer Licence. Furthermore, it offers traders Secure Payments, Segregated Funds, Instant Payment Options, and Easy withdrawal procedures. Overall, Axi can be summarised as a trustworthy broker that provides Contracts for Difference and low spreads on 100+ trading instruments.

In order for us to investigate this matter, please provide us with your full name, registered email address, account number, and the details of your concern. We’ll take this on board and get back to you as soon as possible. Feel free to try Axias its trading fees are low and there are no deposit or withdrawal fees. Axi offers the research tools of the MetaTrader platform, which do not include trading ideas or fundamental data. As a plus, there are other web tools, like a great economic calendar. It is important to note that certain products are only available from specific live servers on the MetaTrader trading platform.

All information on is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. 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. Another cost you should consider while trading is a Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments.

metatrader trading platform

Also good to know is that Axi will only charge an inactivity fee if there has been no activity on your account for 12 months. Autochartist provides the bulk of research content at Axi, but the Axi blog also features a weekly market review. It is well written and features charts with easy-to-understand trading ideas. Founded in 2007, AxiTrader has evolved as a trusted trading platform for large forex and CFD investors. After more than a decade in the market, the trading platform is in business with some of the world’s biggest companies and global brands.

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New traders are likely to feel comfortable while opening an account with this process. It takes a minimum of two business days for a new AxiTrader account to get approved. The above platforms and tools help AxiTrader users stay ahead of the curve. From economic events calendar to real-time market news analysis, these tools deliver reliable forex quotes through their accurate market indicators. AxiTrader has an end-to-end solution for its trading services. The technology suite of AxiTrader includes the MetaTrader 4 trading platform, its web app version, Myfxbook, and some additional APIs.