The standard, pro and elite accounts are the options offered with the MT4 platform with a lot of facilities through it. Axi is a top pick for experienced and active traders looking for advanced trading tools, fast execution speeds and raw spreads. Serious technical analysts who are comfortable with MetaTrader 4 (MT4) will find Axi’s axi forex broker integrated NexGen and Autochartist tools particularly appealing. Axi’s simple account options, international regulation, and customizable MT4 platform make it a tempting option for experienced traders. There is no minimum requirement, and the fact that all clients get a dedicated account manager makes it attractive for beginners.
Trade with Axi funds up to $1 million USD
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Axi Pro account. All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds. I can highly recommend Axi, particularly the unit operating out of St. Vincent and the Grenadines, due to it. Finally, the broker has bagged several industry awards from Forex-Awards.com, Atozmarkets.com, ADVFN International Financial Awards, and more. Some of the awards include Best MT4 Forex Broker, Best Forex Broker Europe, Best Forex Broker Middle East, and Best EMEA Region Broker. Also, UK-based retail clients’ funds are insured via the Financial Services Compensation Scheme in the event of broker insolvency, as we discussed earlier in the review.
Copy Trading
- This account specifically caters to Muslim traders who prefer adhering to the financial standards of their religion.
- This makes them suitable for all trading strategies, from scalping to day trading and long-term investing.
- You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary.
- Yes, you can start with a Standard account at Axi and upgrade to a Pro account later if your trading requirements alter.
- Hedging (both partial and full) and scalping are among the supported strategies.
Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch. Axi is suitable for beginners due to its $0 minimum deposit, educational resources and user-friendly platforms like MetaTrader 4 (MT4). The availability of demo accounts also allows beginners to practice trading strategies without risking real funds. We will discuss the broker’s regulations, verification processes, deposit & withdrawal options, minimum spread, maximum leverage, online trading fees, and investment safety measures.
They answer my question about account…
Five eBooks are also available free of charge, but Axi asks for a name, country, phone number, and e-mail address. They are required for opening an account, and therefore not an obstacle to new clients. The video library https://forexarena.net/ consists of eleven courses, consisting of numerous lessons. 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.
Axi is making sure to match all styles and levels of their traders and so providing different types of accounts to attend to clients’ needs. Axi’s Pro account is definitely at the same level as most of their similar competitors. The real strong advantage is their Elite account which definitely outranks any other FX commission offer out there with a $3.5 per lot round turn offer. The only issue is of course, being able to afford the $25,000 minimum deposit to get such conditions and also being an eligible professional client if you’re located in Europe.
This is beneficial for traders who need to access their accounts while on the go. MT4 mobile is free to download from the respective app stores on both Android and iOS. Beginners will enjoy the standard MT4 and accompanying tools, especially those available from MT4 NextGen, while advanced traders and can connect directly with value-added third-party services. Axi allows traders to use the world’s most popular trading platform, MT4, to trade the over 150 trading products it offers.
Overall, MT4’s combination of powerful technical tools, extensive community and plugin support makes it stand out against others. And while I would like to see more platform options, I am confident that this industry-leading platform will satisfy most trading styles. However, the best part in my opinion is that Axi provides access to some excellent integrated tools, including Autochartist and MT4 NexGen, which I cover later in this review. We are confident traders will find opening an account quick and straightforward. We were able to complete the process, including account approval, in less than an hour.
They act on this by providing well-respected regulatory oversight from three key bodies. The different entities of the broker are regulated by the following bodies depending on where you are located around the world. 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. The 10% profit sharing in Axi Select’s Seed stage for August is an exciting opportunity for traders. It allows early financial gains and motivates traders to perform their best. Axi’s customer service is easily accessible through multiple channels, including live chat, email, and phone.
We also work with leading regulatory governing authorities globally to ensure we exceed the highest standards in the industry. Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.
Additionally, Axi also provides traders access to a third-party platform for a more varied trading experience, and this comes in the form of the MetaTrader 4, PsyQuation, and Autochartist platforms. This third-party platform is fully available to you, whether you favor a desktop PC trading experience or mobile trading. The mobile trading capability is particularly important in any review of trading platforms as most traders operate from mobile phones, and Axi performs quite well on that metric. Traders have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.4 pips, carries costs roughly three times above that and beyond. It is an expensive account, and I recommend traders opt for the Pro alternative.
I think it is fair that they require a certain volume to cover the cost. It is a vital tool for me as I need to simultaneously run multiple MT4 platforms 24/7 for my automated systems. If you think that a VPS would be useful to your trading activities, Key to Markets also give you free VPS access if you trade enough volume. The multi-account manager (MAM) is a built-in trading tool that allows you to conveniently control multiple accounts from one trading terminal.
This includes major, minor, and exotic currency pairs with excellent value spreads that start from 0 pips thanks to the extensive liquidity of more than 20 providers that is available to the broker. With commissions and spreads at the broker, only floating spreads are offered. These are generally kept very low and start from just 0.4 pips on an Axi standard account, and drop again to start from 0 pips on a pro account with a reasonable $3.50 a side per lot traded. Traders can choose a major base currency for their account from the AUD, USD, JPY to Euro. Deposit options for client funds include bank transfer, credit card, MasterCard, Skrill, BPAY, China UnionPay, bank wire transfer, MoneyBookers to Neteller can be used.