In general, the online broker has been designed for and focusses on Forex trading and CFD trading. Currently, AxiTrader has revenues of over 100 billion USD and was one of the top 10 Forex brokers worldwide. Again in 2017, the online broker received the award for “Most Reliable Forex Broker” from the AtoZForex.com website. The valued clients of AxiTrader have helped the brand distribute its global revenue base across multiple streams, including overnight fees and dealing spreads. Due to its regulatory compliance and best practice implementation, AxiTrader stays compliant across multiple authorities. However, the time to process deposits and withdrawals takes up to five business days.
Avoid this woeful company
Like any other platform, AxiTrader has also been thoroughly reviewed to clear out the doubts raised by traders. AxiTrader has achieved an average rating of 3.8 out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews.
- AxiTrader was launched in 2007 and keeps the clients’ funds in a segregated bank account.
- I find them to be a reliable broker and like that I can get easy access to trade the markets on user-friendly platforms and apps.
- For this reason, the data is also transmitted using secure SSL encryption, so that no one can hack into the system from outside.
- The MT4 WebTrader is perfect for using its custom scripts to access a trading account on the go.
Top 3 Forex Brokers
In general, you can trade more than 10 top indices, including the DAX, Dow Jones and S&P with this online broker. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he’s on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage. If you are a forex and CFD trader looking for a trusted broker, AxiTrader can be an ideal choice for your trading journey.
The best customer service for this…
We consider the FCA regulation to be the best since it provides compensation of up to £85,000 in case the broker goes bankrupt. Finally, we withdrew our funds to determine if the withdrawal process was smooth. For this AxiTrader review, we opened a live account and deposited over €6,000. All you need to know about the benefits and the drawbacks of this broker will be covered in our AxiTrader review.
I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Copy established strategies and portfolios from hundreds https://traderoom.info/is-axitrader-truly-a-trustworthy-firm/ of traders all over the world right into your MT4 platform to automate and simplify your trading experience. Axi outsources its live chat customer support to specialised agencies. The first agency we dealt with told us that our Neteller withdrawal was cancelled due to a technical issue.
Axi Trading Platforms
Axi Select has become my preferred prop service due to its unparalleled access to substantial capital. This access allows me to explore diverse trading opportunities, scale my strategies, and venture into new markets. The program’s financial backing gives me the flexibility to take calculated risks and pursue profitable avenues that align with my trading goals. Plus, their customer support team is incredibly responsive and knowledgeable.
Investors who have not yet decided on AxiTrader can also try it out first using the free demo version. In the 30-day test period, the MetaTrader 4 trading platform can be tested with all its functions without any financial risk. This allows customers to try out their market strategies with realtime market data and thus ease their way into trading.
When your recommendations make trades, you are paid through the Axitrader referral program. The content is quite thin yet it can prove to be useful for complete beginners with no experience in the financial markets. Aside from these two points, it’s not necessary to include a MT4 review as the platform stays the same across all brokers regardless of the brand name chosen. For a full comparison, we decided to take a full combination of their fees in all accounts and compare them against the same standard offered in other leading brokers. The parent company AxiCorp Financial Services Pty Ltd changed its brand name Axitrader to become Axi at the end of 2020. In the same process, they also changed their existing website from axitrader.com to axi.com to match its efforts to revamp the AxiCorp brand.
Despite the MetaTrader 4 platform’s limitations, AxiTrader runs excellently for its traders by offering them the most cutting-edge trading tool – PsyQuation Premium. This practice eliminates the misconception that new accounts lose money when trading forex. In October 2020, AxiTrader officially announced rebranding its company from AxiTrader to Axi. AxiTrader has its pros and cons, but it is a reliable and trustworthy broker, especially if you are interested in spread betting. We encourage you to get started at AxiTrader on a demo account and then move on to live trading.
This is pretty much standard practice and not a deal breaker for me. If you have further questions, you can contact your account manager who will be happy to help. PsyQuation is an advanced data analytics platform that uses highly sophisticated algorithms to analyse your own individual trading style and find areas for where you could improve. You get free access if you maintain a balance of at least $500 and trade a minimum of 1 standard lot per month. The multi-account manager (MAM) is a built-in trading tool that allows you to conveniently control multiple accounts from one trading terminal. It can execute multiple blocks of orders on all accounts that are operating under a master account with 6 allocation methods and all order types accepted.
Whether you are brand new to trading or an experienced pro, you’ll find a community of likeminded traders with valuable knowledge to share and help you trade your edge. The Axi Trading Circle is an exclusive online trading community that makes it easy to connect with leading experts, qualified analysts and traders all around the world. You can join the community to ask questions, https://traderoom.info/ open discussions and get practical guidance on becoming a better trader. There is a markets blog where you can read about the latest market news. This section is frequently updated and includes technical and fundamental chart analysis which can help inspire potential trade ideas. I had a browse and managed to find some helpful insights for managing my open positions.
Due to its user-friendly design and accessibility of demo accounts for practice, MetaTrader 4 is regarded as one of the finest trading platforms for novices. Contact us today and we will find a broker suited for your skill level. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. On many AxiTrader broker reviews, the broker ranks as one of the best forex brokers with low minimum deposit requirements. AxiTrader supports over 100 countries and provides support in multiple languages.
If the 30 days are not enough, you can also request an extension from Axitrader customer service. In this AxiTrader review, different aspects of this have been explored and analyzed. The services provided by AxiTrader’s trading platforms and tools have been tested to gauge their efficiency.
