ScrollToTop

AxiTrader Review 2024 Updated :Is Axi Trustworthy and Legit?

This approach can help you gain experience and confidence in Axitrader trading decisions. Axi stands out with its state-of-the-art technology that redefines the trading experience. The platform’s user-friendly interface provides seamless navigation, ensuring both novice and experienced traders can execute trades efficiently. With lightning-fast order execution, Axi minimizes latency, crucial for capturing market opportunities in real time. The integration of advanced charting tools enhances technical analysis, empowering traders to make informed decisions.

  1. However, if a market order is not fulfilled, no commission fee is usually charged.
  2. However, you cannot withdraw funds back to a credit/debit card even if you funded your account using this method.
  3. Finally, to add further options to the table, the brokerage includes a frequently asked questions area that outlines various basic questions to commonly posed questions.
  4. These indicators can provide valuable insights into market movements, allowing Axitrader traders to potentially stay one step ahead.

We were advised to initiate our next withdrawal via bank transfer, which we did, and the funds arrived on the next day. The broker’s average spreads for the popular instruments in each market was below industry averages. We consider the FCA regulation to be the best since it provides compensation of up to £85,000 in case the broker goes bankrupt. The broker is regulated by the top-tier UK FCA and the ASIC, which have stringent rules and enforcement mechanisms. Finally, we withdrew our funds to determine if the withdrawal process was smooth.

AxiTrader Review: Complete Broker Overview

Axitrader is regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA). When selecting a broker such as Axitrader, one of the most critical factors to consider is the broker’s regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities.

Is the Axitrader Trading Platform Secure?

It is important to be aware of the potential for loss and to only invest what you can afford to lose. Explore the Axitrader platform and train yourself to think systematically and logically about the markets. While learning, you can also use global trading times to practice making live buy or sell trades using Axitrader. This hands-on experience can help you gain confidence and become more comfortable with trading. Stop-loss orders are especially important for Axitrader traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses.

Axitrader Payment Methods

MT4 on Axitrader offers traders comprehensive features and tools to enhance their trading performance. The Axitrader MT4 user-friendly interface and highly customizable trading environment allow traders to tailor axitrade the Axitrader platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Axitrader traders to analyze price movements and make informed trading decisions.

Also, there are selected companies with whom the company allows broker-to-broker transfers, so you can either transfer your account from another brokerage to AxiTrader. AxiCorp Financial Services Pty Ltd, also known by its trading name AxiTrader, is a Forex and CFDs broker based in Australia and founded in 2007. After the successful operation during the first years, the broker has been ranked among the most trusted Australia’s Forex brokers with the strongest brand association. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe,
Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting,
and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. The team answered the call in under 5 minutes and successfully resolved our queries over the phone.

This is because it is easier to complete your charting on this and there is also much less latency than there is on a web version. The MT4 platform is available to either be traded through your web browser or on the computer client. The latter is available for download on the AxiTrader platform and is available for both Windows and Mac machines. You also have to consider the risks that come with leverage of up to 400x. While this could be a great way to enhance your returns there is also a large downside risk. Remember, if your account gets to 20% equity then your position will be liquidated quickly.

For those traders who prefer to watch videos for guidance, AxiTrader has included a host of video tutorials on demand. These tutorials help those traders new to the MT4 platform about how to set it up and make the most of its functionality. So, Tradency is a bridge between these expert developers and your trading account. It allows these expert developers to create their own fully tested trading algorithms. You can either run these live in your account automatically or you can choose to copy select developers.

Executives at AxiTrader will verify your details with the document before you can start trading. Once the account is verified, the account opening process is almost complete. In the next step, traders need to provide further details of their name, date of birth, and address.

Trading Risk Disclaimer

No AxiTrader fees are imposed on the withdrawal of funds from an AxiTrader account. Most clients get the chance to have their account in their choice of base currency from AUD, USD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, or CAD and deposit funds. AxiTrader has no minimum deposit requirements, & every user is free to deposit any amount in the account. AxiTrader offers multiple ways of adding or withdrawing money from the account. The supported methods of payment include wire transfer, MoneyBookers, Neteller, skrill, and bPay.

Is AxiTrader Safe or Scam?

The use of these applications is suitable for specific circumstances, which is why AxiTrader clients must determine their use for their needs. The Coin Bureau Editorial Team are your dedicated guides through the dynamic world of cryptocurrency. With a passion for educating the masses on blockchain technology and a commitment to unbiased, shill-free content, we unravel the complexities of the industry through in-depth research. There are of course some areas for improvement as it relates to their asset coverage and educational material. However, these are relatively easy to rectify and it is possible that with enough requests, they could include them.

Deposit

Awareness of these Axitrader fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Axitrader funds. Please be aware that trading in financial assets with Axitrader carries a risk of loss. Axitrader trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs, Social Trading due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time. After fully completing all profile information and the submitting of an application, the natural process is to deposit into your newly created trader account.

These include a “swap fee” that is used to adjust for interest rate differentials between the two base currencies. AxiTrader seems to be fairly transparent with their fees and have a similar fee model to a range of other brokers in the industry. The previously mentioned facts combined with our research on Axi’s user opinions and online reviews still grants them a safe broker status.