It offers low-cost trading with best in class risk tolerance limits and different types of assets to choose from. While Axi offers a demo account with flexible options concerning the account balance, base currency, and leverage, it is limited to 30 days. Therefore, I consider it pointless, as traders use demo accounts to test applications and trading strategies, which requires significantly more than 30 days.
- 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.
- We noticed that Axi has low forex fees, and deposits and withdrawals are free of charge.
- The fact they are well regulated gives me peace of mind so I can focus on my trading.
- We found the costs of trading Bitcoin at Axi were much lower than industry averages.
- The economic calendar keeps you up to date with the latest market news and can be set to send you alerts on specific events.
- If you exceed this monthly Fee Free Limit, they do reserve the right to pass on your Neteller and Credit card transaction fees.
AxiTrader ( – Forex Broker Review and Test
ICM offers the choice between two different account options and three different trading platforms. Their Raw Spreads Account shows the real (raw) inter-bank spread received from ICM’s liquidity providers. This account type comes with a commission charge of $7 per standard lot round turn. After selecting the account type of choice, traders can then select which trading platform they wish to utilise. Although their tradable instruments are limited to Forex and CFDs, they offer many trading options across financial markets such as cryptocurrency, currency pairs, and commodities.
Is AxiTrader an ECN Broker?
AxiTrader was launched in 2007 and keeps the clients’ funds in a segregated bank account. This review has been specifically done for Axi Financial Services (UK) Limited which is the FCA-regulated legal entity in the UK. Multiple pros and cons have been discussed with comparison from other FCA-regulated forex brokers in the UK. The third option is Axi One, a platform that is regulated by FCA and ASIS. They have something called a PQ score so you can compare yourself with other traders. Now that the general terms of the two available trading accounts have been shown, the conditions regarding leverage, margin and spreads will be explained in more detail.
Trading Denominations on AxiTrader
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. AxiTrader’s regulated environment is monitored by various jurisdictions and maintains compliance with different trading conditions. Based on the regulatory obligations, AxiTrader moderates its leverage.
These details will be verified by submitting a soft copy of the documents. Hence, the entered details should be the same as that on the documents. This ICMarkets and all other broker reviews on this website are conducted fully independently by a team of professionals. AxiTrader has also partnered with Beeks FX and offers a discounted rate for Beeks FX VPS hosting. Trading with Beeks FX VPS ensures rapid trade execution, a stable environment and high accessibility.
The negative reviews focused on withdrawal issues and rollover fees. Over 60,000 former Axitrader clients with live accounts from over 100 countries have continued to trust Axi with their online trading operations. The broker is an Australian based merchant that was founded in 2008 with its headquarters located in Sydney.
IC Markets can also be deemed as reliable because they hold client money in segregated trust accounts with several AA rated Australian banks. Client money is diversified in segregated trust accounts across multiple banks to reduce the credit risk and counterparty exposure. When using AxiTrader’s MetaTrader4 Pro Account, traders can enjoy an https://traderoom.info/ ECN-type environment with lower spreads and generally faster execution speeds. AxiTrader offers a total of 80 different tradable financial instruments such as Forex pairs, a variety of index CFDs, metals, oil and other commodities as well as Bitcoin CFD trading. AxiTrader offers spread betting with tight liquidity, copy trading and hedging.
They have a solid reputation among traders to their dedication to transparency, legal compliance, and client happiness. There is no official list of the countries https://traderoom.info/is-axitrader-truly-a-trustworthy-firm/ the broker does not support. A review of the company policy shows that they are working hard to provide their trading services to traders from all countries.
DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
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. The reviews show that most customers are satisfied with the broker’s services.