So, this may change, so check the specialist’s site and online media pages in the event of new offers. Axes is regulated by the FSA in St Vincent and the Grenadines. This offshore regulator is not particularly reputable which does raise concerns https://traderoom.info/ about the safety of the broker. If you have experience trading with Axes please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by Axes and its competitors.
Spreads & Commission
The average execution quality of all brokers we review was 97.4% as of Aug. 31, 2023. That means 97.4% of orders sold for at a price that was at or better than the National Best Bid and Offer. Executing at or above the NBBO means you may receive a price improvement or a better share price than you were originally quoted. There are no annual or inactivity fees, but if you want to upgrade to an Axos Elite account, that amounts to around $120 annual spend. The term “axe” is derived from the phrase “axe to grind,” which means to possess an ulterior motive or selfish aim.
Customer Support
In turn, brokers make money from the spread – the difference between the buy and sell price – and other fees such as commission charges. However, the brokerage’s trading platform is relatively basic, and you’ll need to pay a monthly subscription to access features that often come free with other providers. Advanced, active traders may be better off relying on mainstays. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
Trade 140+ products with super competitivetrading conditions
For anyone around the world who want to level up his/her trading journey this is a place to be! It is a revolutionary and open experience where you get to know the trading basics from beginner to an expert! Myself I’m looking forward to level up my trading experience with @axetraderhub.There’s is so much noise on the internet, so take this advice from a guy who has filtered those noise. Contracts for difference are popular assets for traders globally as they provide a way to access a wide variety of financial markets. Axos Self-Directed traders can log in to their accounts through the Axos Bank app, available for download on both iOS and Android.
More details about Axos Self-Directed Trading’s ratings
If in-person servicing is a deal-breaker for you, Axos may not be the right fit. Otherwise, Axos offers plenty of standard support options including a virtual assistant and phone and email support Monday through Friday from 8 a.m. Investors can access the brokerage’s blog, where they’ll find posts on investing and personal finance for educational support. Elite customers have access to TipRanks, a third-party provider that collects analysts’ insights and recommendations.
The edge for thousands of traders in 100+ countries
- Disgruntled clients won’t have the same regulatory support that’s provided with FCA or CySEC regulated brokers.
- With that said, this may change so check the broker’s website and social media pages in case of new offers.
- The phrase probably originates from the act of sharpening an axe with a grinding wheel, with the intent (in this definition) to get revenge on someone by maiming or killing them.
At Axi, education is an important part of helping our users learn and stay up to date with changes in the markets. To understand what a broker is and what they do, we need to briefly describe the market in which they operate. Avoiding your maximum drawdown is key to keeping your account safe and staying in the game. First payout from Axe trader was done approved and paid out very quickly.
These are high influence rates and permit customers to take sizeable situations with little capital cost. This does, obviously, additionally increment the size of expected misfortunes. A breakdown of edge necessities can be found on the Axes site.
We combine the world’s most popular platform, MetaTrader 4, with exclusive Axi tools and all the supportyou need to trade your edge. Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets. We have both domestic and international suppliers so if you are looking for and item and its available, we’ll find it for you.
The live chat feature doesn’t work and the FAQ portal contains broken or outdated links. At the time of writing, Axes does not offer any welcome deposit bonuses or promotions. With that said, this may change so check the broker’s website and social media pages in case of new offers. These are high leverage rates and allow clients to take sizeable positions with small capital outlay. This does, of course, also increase the size of potential losses.
Axes intend to handle all withdrawals in a single working day. The online variant of MetaTrader 5 is effectively available from any significant web program. Clients can get to similar overall highlights as the work area program, including more than 50 customizable pointers like Bollinger Bands and moving midpoints, just as various diagrams and outlining apparatuses. You can get to WebTrader directly from the agent’s site, utilizing your login subtleties. Established in 2018, Axes LLC is situated in London and gives a top-notch exchanging experience to more than 1,000,000 records across 153 nations. The intermediary is managed by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.
Following industry trends, Axos Self-Directed Trading offers investors commission-free stocks and ETFs. We believe everyone should be able to make financial decisions with confidence. It’s important to note that slippage cannot be eliminated by brokers, but it is more notable during high-risk market events – such as NFP (Non-Farm Payroll) or a central bank meeting – where liquidity can be thin. Traders should therefore be aware of the potential for slippage and prepare accordingly.
NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and https://traderoom.info/axes-a-reliable-forex-broker/ we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Traders often use the term “axe” to represent someone’s particular interest in buying or selling a security that is already in their inventory, or hedging against it.