Axi Review: Compare Platforms, Spreads 2024

axitrader review

The average Bitcoin spread in our trades was just 14.4 versus the industry average of 45. The MT4 forex trading platform is ideal for forex traders of all levels. The forex trading platform is very clean, and all the charts and other trading tools are easy to find and use. When spreads and fees are compared to other Australian forex brokers, the overall result was favourable. This included comparisons to popular currency brokers including Pepperstone and IC Markets. This is because their ‘no dealing desk‘ allows direct trading with liquidity pools, which also enhances execution speeds.

AxiTrader Ratings and Reviews from Trustpilot:

This trading account is designed for beginner forex traders as it’s not a market makers account. This forex trading account spreads are wider than their Pro account however the account has no commissions. Axi Select emerges as a true powerhouse in the realm of prop trading. The platform’s robust infrastructure and state-of-the-art features provide traders with the tools they need to succeed in today’s dynamic markets.

Final Thoughts – Is AxiTrader a good broker?

Its high cash flow generation is further supported by the ability to register an impressive dividend payout ratio. Over the years, it has significantly increased its growth margin due to its process automation, market maturity, and mobile trading. AxiTrader is not replicated by the country’s regulator – the Financial Services Authority. It is a broker noted under its regulatory jurisdiction, as mentioned on AxiTrader international website. This website registers the highest share of AxiTrader users every year. The broker has market-competitive spreads across a wide range of commodities, currencies, and indices.

AxiTrader’s Customer Oriented Approach & Regulatory Compliance

It is a financial service provided globally and is legit for users in the countries regulated under its authorities. AxiTrader and AxiCorp Financial Services Pty LTD are two different entities. The latter is the corporate owner of all the operating subsidiaries.

AxiTrader PsyQuation Premium

  1. If you are beginner then you will be happy with the plethora of educational content available at no extra cost.
  2. Once the account is verified, the account opening process is almost complete.
  3. This platform is available free of charge for clients who open a live account with a minimum deposit of 1,000$.
  4. In October 2020, AxiTrader officially announced rebranding its company from AxiTrader to Axi.

The previously mentioned facts combined with our research on Axi’s user opinions and online reviews still grants them a safe broker status. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Everything is laid out clearly, which saves me time when executing trades. The learning curve was minimal, and I felt confident using the platform after just a few sessions.

axitrader review

axitrader review

Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. Axi’s comprehensive trading courses are developed by traders for traders to guarantee you obtain the necessary information and abilities to be successful in the markets. All of the courses are available for free to anybody, anywhere in the globe.

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. Accounts can be opened in an excellent range of various currencies including AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

There are no issues with the customer support services at AxiTrader in the UK. The help centre at the official website of AxiTrader can resolve most of your queries through FAQs. The MT4 trading platform can be downloaded on android, iOS, Windows, and macOS and linked with the AxiTrader trading account.

It is important to emphasise that signal performances are based on historical performance and there is no guarantee on future performance. If you are looking for a dedicated social trading platform, then eToro would be my top choice. I am a huge fan of trading apps, primarily because I am able to check the market prices and how good or bad my trades are doing at any time. It doesn’t matter if I am sat on the sofa or even in bed, I can fire up the app and see what is happening. It is also great for getting notifications as soon as a price level is reached which saves me constantly checking the charts. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts.

The MAM is only available to approved and regulated operators of discretionary accounts or managed investment schemes. You will find a good choice of trading tools that can be used for assisting with your trading. I like that they are providing signals, chart analysis, multiple account management and more. 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. If a broker has a score less than 80, like this one, we won’t recommend it to you.

The platform serves as a broker to millions of traders around the world. Since the FX broker has offices in London, Chisinau, Dubai, and Sydney, it is capable of offering support whenever traders require it, and this includes MT4 support. The best thing about customer support at AxiTrader is that each of its clients gets a dedicated account manager automatically. AxiTrader UK is a brand belonging to AxiCorp Limited, a company regulated by the UK Financial Conduct Authority (FCA).

This can be a handy tool if you are using a strategy that requires quick entries and exits.

Following are the steps that need to be followed to open a live trading account at AxiTrader in the UK. All the available account types at AxiTrader can be opened with GBP as the base currency along with USD, EUR, and AUD. The standard and Pro accounts can be opened with 10 different base currencies. Axitrader is a market maker and can take the other side of the trading position opened by the clients. AxiTrader can be considered safe to trade forex and CFDs in the UK.

Traders can also choose the account currency in this step between GBP, CHF, EUR, PLN, and USD. Clients residing in the UK can choose to open an account and get registered under 2 regulatory authorities. Traders must always choose FCA as this will grant them protection under FCA regulation. To start the account opening process at AxiTrader, traders need to visit the official AxiTrader website and visit the account opening page. The first step is the provide the basic details like name, phone number, and email address. The account opening process at AxiTrader is simple and can be completed within a few hours on a business day.

Axi processes client withdrawals via most of the payment methods available for deposit making it convenient for its clients to withdraw their funds. We were particularly impressed by the low spreads charged on Bitcoin trades, which are less than a third of the industry average, making the broker very attractive to Bitcoin traders. Commissions are not charged with the Standard account, but 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. First, they reach clients with the AxiTrader Affiliate and Referral Program. If you become a Master Affiliate, you can make up to $1000 USD CPA per qualified client and 10% commission on Sub-Affiliate profits.


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