Axitrader Review By Forex Peace Army ⭐ Stay Informed

Alternatively, holders of live accounts with AxiTrader can use PsyQuation Premium. Account holders receive free access to this platform throughout the lifetime of their trading accounts. Spreads for a standard account can be as low as 1.0 pips for EURUSD, GBPUSD, AUDUSD, and NZDUSD. They can be as low as 1.1 pips for USDCHF, 1.2 pips for USDCAD, 6.0 pips for GOLD , and 0.01 pips for Oil . The spreads for pro accounts can be as low as 0.1, 0.2, 0.1, 0.02, 0.2, 0.3, 2.0, and 0.01, respectively.

Axitrader has its head quarters office in Australia . Read our detailed Axitrader FAQ Section updated for 2022. We have spent years researching the best alternatives to Axitrader. Axitrader are able to hire people from various locations in the world who can better communicate in your local language. Be aware that the expiration date of Proof of address document for different entities under Axitrader Brand may be different.

How do I withdraw from AxiTrader?

Withdrawals of funds with AximTrade

To withdraw funds from your trading accounts, first, you need to log in to the Member’s Area, click Withdrawal from the menu, and select your preferred option accordingly and enter the amount you wish to withdraw.

As is the case with most brokers, AxiTrader does offer a demo account. The broker’s demo account is free and does not have any commitments. The demo lasts for 30 days and includes a balance of $50,000 in virtual cash. The demo account can be set to EUR, USD, GBP, CHF, or PLN.

Is Axitrader A Fair Forex Broker?

What we can say from our AxiTrade review is that one of AxiTrader’s key selling points is that they have very low fees throughout. This includes CFDs and Forex fees of all kinds. Forex Economic Calendar– The Forex economic calendar allows you to stay updated on the latest news, market indicators, and important events. Mini Manager, which allows you to quickly enter and exit trades and apply complex types of orders quickly and easily.

Autochartist– This trading tool is for traders who spend a lot of time hunting for opportunities. Available free of charge, this tool scans the markets continuously, automatically identifies opportunities, and informs you about it. Withdraw processed within 24 hours, bank wire may take 1 to 3 days to get to traders bank account. MT4 Trading Signals allows users to access thousands of ready-made trading strategies, as well as automatically place trades with simple execution.

It is quick and easy to install, full of functions like charts, alerts, and analysis to help you keep pace with the market, in real-time. AxiTrader mobile trading app connects your main MT4 trading terminal to give you trading flexibility to the maximum. You can follow all the ups and downs with real-time updates with viewing live pricing. Technical analysis, on the other hand, is a discipline that helps traders evaluate investments and identify trading opportunities. It gives the traders the power to analyze statistical trends gathered from trading activity as volume and price movement.

Please note that the list of payment methods below depend on the Axitrader Entity and the Clients Country of Residence. If you feel some of the above Axitrader are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Axitrader alternatives below. If after reading this Axitrader review, Axitrader does not fulfill your needs check out these Axitrader Alternatives. Axitrader have a good track record of offering Forex, CFDs, Social Trading. The Axitrader phone support team were able to successfuly answer our questions and issues over the phone.

Their platforms offer satisfactory trading conditions while the quality of customer service that they provide is average. Currency Pairs – You can trade 80 currency pairs at AxiTrader, and this includes major currencies such as JPY, USD, GBP, and EUR. The broker offers tight and updated spreads so that its clients can enjoy a rewarding trading experience.

What Funding Methods Do Axitrader Accept?

Some basic financial assets on CFDs are available for traders, such as indexes, metals, foreign currency, and commodities. The web-based trading platform of AxiTrader is also available in many languages. Axitrader is an Australian company that was created in 2007. The broker has been regarded as one of the best and most trusted Forex brokers in Australia. Also, the best brand association after a successful first year of business. So in this axitrader review, today we will share some most important features with you.

MT4 Standard Account and MT4 Pro Account are the two types of accounts offered by AxiTrader. If you are new to online trading and don’t have any experience, then you may also start a free 30-day trial Demo account. It provides a virtual cash balance of £50,000 to gain practical experience, which interacts with a trading procedure in a “real” setting. Those traders who respect Muslim Sharia law are eligible to open a Swap Free Account. However, it is free from Swap Fees on FX Major, FX Minor, and Precious Metals Symbols.

I also like the hassle-free withdrawal process at Axi, while Autochartist offers a much-needed plug-in for the MT4 trading platform. Overall, I can confidently rank Axi as one of the best Forex brokers operational today. In this AxiTrader review, different aspects of this broker have been explored and analyzed.

It has received many awards at the UK forex awards. Users do not have to share personal details like the history of bank transfers, transactions, account details, or any bank statement, etc. The AxiTrader Dubai branch was established in 2018 and is controlled by the Dubai Financial Services Authority . Currently, AxiTrader Broker ranks among the top Forex Brokers and financial brokerage firms not only in Australia but also in other markets. The short answer is yes; AxiTrader stands out as a safe and reliable broker. So you can open an account with it by going through our AxiTrader review content above, where all aspects of this platform are covered.

Is Axi legit features all the key aspects you need to look at to see if a broker is safe and legit. Under ‘Learn to Trade’, you can find ‘Free Webinars & Seminars’. At the time of our review, these were only scheduled for certain pages, like the Spanish one. You can find the primary educational tools under the ‘Learn to Trade’ menu from the top of the front page. There are educational articles in ‘Markes Blog’ as well, which are up-to-date and well-written.

Be careful not to trade with this broker service, it is very difficult to withdraw your money. I wonder why can’t this broker pay profits on time. They are claiming that they are experienced and big companies. In the beginning, I thought it’s a good broker however eventually I experience troubles dealing with them especially upon withdrawals. Delayed execution and absolutely rubbish signals.

The MetaTrader 4 Platform is the primary software they use with AxiTrader. They also have helpful trading tools that can be very useful for traders including the MT4 Web Trader, MT4 VPS Hosting, and Signal Providers. One of their tools, the Autochartist, scans for trade set ups and alerts you when it finds one. Another cool thing is that they carry tutorials, trading tips, videos, ebooks and trading tools to help you become a better trader.

Can I trust OctaFX?

OctaFX is considered high-risk, with an overall Trust Score of 61 out of 99. OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Learn more about Trust Score.

That way you will be able to test the services before you deposit. If you are a beginner, this is also a great option for you to develop your skills before you commit money. This AxiTrader review will provide you with the full information you need to know about the broker. We aim to help you with the decision of whether they are worth trading with or not. Most of the user reviews online do come off as quite positive.

Though, beginners will have to find somewhere else to practice their skills. They have a 30 days demo account, which allows a new trader to experience real-world forex trading. AxiTrader has a simple to use forex trading platform and interface. Together with their tight spreads, great trading program, and straightforward interface, it is easy to make your first deposit and to begin trading.

Axitrader Review Awarded #1 Mt4 Broker!

AxiTrader clients with experience can also use the MT4 forex trading signals as a way to share their strategies. If you develop your own trading signals, you can allow others to follow them. The session map is interactive and displays the opening and closing times around the world markets. There is also a convenient mini-manager, so you can enter or exit trades faster.

axitrader review

Of course, there are some subjects, like cryptocurrency mining software and cloud mining, which you may need additional research. AxiTrader is aimed at relatively experienced traders, but the effort to bridge any knowledge gap is an admirable positive. After spending a lot of time with this internationally renowned online broker, we’re happy to say that we’re in pretty much full agreement with those positive sentiments.

The primary reason why the AxiTrader Forex trading platform prefers to use the popular MetaTrader 4 is that the application is built for traders of all experience levels. Traders can opt for similar order types and order time limits as AxiTrader’s web platform. And the other comprises an Electronic Communication Network based MetaTrader 4 Professional account, which connects traders to a global financial market of liquidity providers. There is a specific fee structure for each account type. Further, the trading platform also offers several trading packages like MetaTrader 4 NextGen add-on for users who make a min deposit of $1000.

Axi Reviews

Its AI-driven analysis helps the trader improve daily performances. If trader accounts lose money in some trades, it alerts the traders of their mistakes, which allows them to enhance their trades over time. Axitrader has been facilitating trade on the financial markets for over 14 years. Axitrader offers clients Forex trading, CFDs trading, and Social trading.

What is out of order transaction in AXI?

The AXI protocol defines an ID signals bus for each channel. Marking each transaction with an ID gives the possibility to complete transactions out of order. This means that transactions to faster memory regions can complete without waiting for earlier transactions to slower memory regions.

When we opened up AxiTrader’s website, we were greeted by a simplistic interface that may not be as pleasant to the art-aficionado, but it’ll definitely do the trick for traders. The design doesn’t look too overpowered with unnecessary visual effects, only the most important elements are put in there. We’ll be putting AxiTrader under our examination today as we try to understand what they bring to the table and why they seem so attractive to so many traders. For now, we’ll be focusing on an Australian-born financial brokerage, AxiTrader.

We opened a standard account with AxiCorp Limited, which is regulated by the UK’s FCA. We consider the FCA regulation to be the best since it provides compensation of up to £85,000 in case the broker goes bankrupt. We contacted the broker’s customer support team to resolve the challenges we faced. AxiTrader’s world-class customer support and numerous awards can be attributed to its supremely salutary management.

We highly recommend getting a demo account before going live in trading because it is important to practice your skills and strategies and as well as be comfortable with the platform. Trading itself requires high risks and as traders, we need to be aware of that. AxiTrader’s Multi-Account Manager is an integrated software tool that lets a single trader execute block trades on all accounts operating under a master account. It lets you place a number of orders in bulk, with speed, into an unlimited number of accounts or multiple accounts. It allows you to control an unlimited number of managed accounts from one trade terminal.

But AxiTrader is working with this extensive network to retain the rate of spread. Financial institutions, banks, liquidity providers, and other providers are also included in this network. AxiTrader can enjoy low spread for its traders as they can get access to a wider and larger liquidity pool. Opening a live account with AxiTrader is quite easy and simple. Opening a live account is the first step to start trading real money with AxiTrader. The trader needs to fill in a registration form when opening a live account.

AxiTrader does not charge any inactivity fee. Even though the trading company provides a very competitive fund deposit price, the recommended min deposit is $200 for trade purposes. No fees AxiTrader charges for deposits and withdrawals done via bank transfer. A withdrawal request is processed fast with no withdrawal fees and funds are credited to the client’s bank accounts in 1-2 business days.

They will trade the excess market volatility created by misses or overshoots of the forecasted numbers. In order to further sweeten the deal for all of the traders, Axitrader has built in integrations for a number of third-party trading services. Something else that AxiTrader has included free for all of their clients is their Autochartist. This is a tool that will scan the market and look for potential trade opportunities or profitable setups based on resistance levels.

There are a lot of unserious online brokers out there who only want to take advantage of beginner traders. Being mindful of the pitfalls out there is a very good start. With AxiTrader, you can trade 80 major currency pairs, crypto, indices, and CFDs, including metals and commodities. This broker seemingly covers all aspects to trading, and you certaintly are getting some of the best service.

You will find useful information for beginners on each asset type, including specific kinds of CFDs. This extends to other parts of the AxiTrader website. For example, the dividend forecast schedule page explains dividends and their impact.

Axitrader Forex Broker Description

Third-party payments and withdrawals are not allowed. AxiTrader offers access to trading forex and CFDs. The forex market is very large, with forex trading worldwide up to $5 trillion USD.

Axi offers two account types, which is average when compared to other ECN brokers. Both account types are suitable for beginner traders. In combination with these transparent and low-cost trading conditions, Axi has no minimum deposit requirements making it a good choice for both beginner and experienced traders. While neither account requires a minimum deposit, Axi recommends that you start with at least 200 USD.

It is available for free and compatible with PC, Web, Mac, and Mobile. As visible from the above image, we need to go through the 3 steps to create our demo account. We need to fill out the form first, which leads us to a page that displays the next steps in the procedure.

On our test trades the spreads were average levels compared to industry benchmarks and low for Forex. Axi’s range of financial instruments to trade is smaller than most other brokers, however, it recently added share CFDs to its offering, available on MT4. While the additional protection offered by the FCA regulation is welcome, some UK traders may find the low leverage levels and lack of bonuses at Axi restrictive. The only way around these restrictions is to trade with a broker which does not have FCA regulation, which of course then means less protection. To ensure that clients are able to use MetaTrader 4 to its full potential, AxiTrader offers video tutorials. Topics include installation, managing trades, basic functions, MT4 Navigator, placing trades, order types, Market Watch, loading charts, and backtesting.

These reports can be found under the ‘History’ tab. However, all your monthly financial statements are available to download at the Client Portal. You should click on ‘Financial Statements’ within the ‘Trading Accounts’ menu. You can’t set alerts and notificationson the Axi web trading platform.

While there are no commission fees charged on transactions executed in the Standard Account. Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case.

AxiTrader gives clients tight spreads, 24-hour service, fast execution with minimal slippage and sophisticated trading solutions for both beginners and experienced traders. While Axi does offer a selection of CFDs to trade, it only provides support for the MT4 trading platform which is historically and primarily foreign exchange market a platform for trading Forex. This shows in Axi’s relatively limited range of financial instruments, however, it recently added a small range of share CFDs to its offering. AxiTrader is an awarded broker based in Australia. It has additional branches around the world to serve international clients.

There are plenty of exotic and minor currencies available for trading on the platform as well. Axitrader Autochartist provides the world’s first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph.

Do You Have Any Experience With This Broker? You Can Share It Here: Cancel Reply

Requires full-time activity with the trading platform. With VPS, a trader can ensure full-time activity. AxiTrader also offers spread as low as 0.0 pips on this account type. The quality of the customer service boosts the overall AxiTrader rating simply because it’s consistently good – they respond quickly, solve issues and are unfailingly polite. They run a 24-hour global support network that directs to different offices around the world and they offer multi-lingual service in more than a dozen languages.

axitrader review

Slow withdrawals, poor services, and unprofitable signals. Now let us sum up the highlights and features of AxiTtrader. The countries of regulation for AxiTrader are Dubai, the United Kingdom, and Australia. It is unfortunate that non-Australian citizens will have to pay extra fees between $15-20 for each international transfer. That is a sizable downside, but comparing to other brokers it does not really differ too much. Deposits and withdrawals are made very easily and do not take too much time.

While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs. 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. 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.

Secondly, most of the live chat person doesn’t know what they are talking about…. There are some changes according to ASIC but they hardly can answer anything. First of all, the live chat has been responding so bad.

AxiTrader charges no deposit fees.You can choose your preferred currency and use bank transfer, credit cards, and e-wallets, although the range is different for each subsidiary. AxiTrader offers two account types, Standard and Pro Account. The global, multi-lingual customer support team at AxiTrader is available to help 24 hours a day, from Mondays to Fridays. The customer support can be reached through live chat, email or via telephone. There are toll-free numbers for AxiTrader in nine different countries.

I have gained some profit but due to charges, I end up getting only a small amount. They keep collecting money but do not pay off the profit. One of the brokers with the worst withdrawal process.

You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary. If you demonstrate the potential to make it to the top, Axi will build a plan around you. We will provide the tools, development and even the financial backing you need to progress your trading Fiduciary career and achieve your ambitions. Axi Select provides a pathway for talented traders to access the capital funding they need to become professional. No choice of trading platforms, with no in-house option available. MT4 Multi-Account Manager allows single traders to execute block trades on all accounts operating under one main account.

Further Reviews

In other words, clients of AxiTrader get as close as they can to institutional-grade pricing. AxiTrader claims to offer some of the best forex spreads so that clients can maximize their profits. The forex spreads are listed live and institutional-grade. Clients get market-leading spreads for indices, currencies, and commodities.

The MT4 Multi-Account Manager lets AxiTrader clients manage as many accounts as they want from a single trade terminal. This MAM integrated software tool allows you to use a master account and execute block trades on all accounts. That ability results in the option of placing larger orders in bulk to unlimited accounts and with speed.

For a newbie trader, who plans on trading using the recognized MT4 platform, can give AxiTrader a try with their 30 days demo account. The live axitrader review account has 2 plans; MT4 Standard and MT4 Pro. The standard account is suitable for a retail trader who is new and needs to gain experience.

Is Axitrader a market maker?

As a market maker, Axitrader may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

Much to my surprise after the set up they on calling forcing me to add money. Calls are more than annoying, they keep on calling even if I said no, that I have changed my mind, they call many times a day. I never wish to trade with this broker ever again. They will give you so much trouble with withdrawals. I thought I have picked the right broker because they are good at the start. However, services become worst in my succeeding months.

The licensed and regulated broker has received some outstanding reviews by their customers. AxiTrader is regulated by the Australian Securities and Investment Commission and is considered safe with average risk. AxiTrader has been in the business for a decade and has an active license from the Australian Securities and Investments Commission which is a trusted local regulator.

For example, the Forex Trading page outlines the benefits of trading forex. It also explains the symbols, bid and offer prices, types of brokers and traders, trading platforms, order types, and charts. You will also find descriptions of analysis, including pros and cons and examples for technical and fundamental trading. There are even definitions of types of traders, including day trading, swing trading, scalp trading, and position trading. Expert advisors of the trading platform recommend all their customers to research and analyze the financial market before investing any amount of money.

The Pro Account is fairly similar to the Standard Account however it includes a commission fee of $7 round trip on trades, and spreads start from 0.0 pips, rather than 1.0 pips. Otherwise it includes all the other features that the Standard Account does. It’s been a pretty popular video on the channel here. And I said I would keep going with other brokers. And again the goal of this series is to make sure to use the brokers that are regulated so you can use them without worrying your money, and that they are gonna provide a good service.

This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology.

Axi is an Australian CFD broker regulated by ASIC, the FCA and the DFSA. Axi offers clients CFD trading on Forex, metals, commodities, and indices – a smaller range than most brokers but with a good selection of 70+ Forex pairs. Clients of AxiTrader can use the MT4 Forex VPS hosting service from one of the third-party providers. Using a virtual private server lets clients stay online 24/7, so their trades are never accidentally interrupted by connectivity or technological issues. This is a particularly useful tool for those who utilize automated trading strategies. In that case, the strategy can be used whenever the markets are open, even when the trader sleeps.

Customer service at AxiTrader is important; they offer 24/5 customer and platform support; they also have dedicated Account Managers that provide personalized service to their customers. They’ve won service excellence awards, with the most recent one being from as the 2018 Best MT4 Provider Award recipient. AxiTrader gives you the option to open a demo account, where you get $50,000 of virtual cash, as well as a live account. This gives you the option to start trading in a demo environment, and then move onto live trades once you build your knowledge and skills.

Broker performance is doing good however there is a great delay on withdrawals. They will always tell lies and will Super profitability freeze your money. I am not paid here, they did not pay my profit. Customer service are very unresponsive and rude.

AxiTrader also provides some educational material, though quite basic. They offer courses to beginners where they teach about Forex trading and more. Though there are no actual webinars or live courses, so you will have to do all the studying yourself. That comes in handy to some users, but to complete beginners that is not really a great option. They have been winning awards for their customer service and care of their clients’ needs since the beginning.

How Do You Open A Live Account With Axitrader?

The supported methods of payment include wire transfer, MoneyBookers, Neteller, skrill, and bPay. Funds can be added to an AxiTrader account via these payment options. Selected companies also have the privilege to allow broker-to-broker transfers where a user can transfer their funds from one account to another within the AxiTrader brokerage. AxiTrader has developed this four-step simple process to meet the regulatory KYC requirements.

I get a few losses because of their poor trading signals. Thought they are really good brokers but I regret doing so. Always had issues with the charts and movements of candlesticks. I wonder why my withdrawal request has been rejected over and over again. Most of the time, they are unavailable to attend. I never had a good experience and I’ve got no reason to recommend and keep this broker service.

axitrader review

Also, in the year 2017, it won ‘Highest Overall Client Satisfaction’ in the Investment Trends Australia FX Report. On the other hand, reversal patterns are signal trends when the direction changes. These signals can be used to trigger new trades, because the reversal may cause a new trend to start. With that said, this can be used as a technical pattern that can serve as an advanced warning to identify potential changes in the market direction.

Regulatory authorities protect the traders with things like reimbursement schemes that regain the client’s investment in the event the broker becomes insolvent. Try creating two accounts when you are working with Axitrader. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account. If Axitrader violate any regulatory rules their regulated status could be stripped. Professional and non-EU clients are not covered with any negative balance protection.

The live-chat asks for quite a lot of personal information at the beginning, but we assume that is for better and specific service. You can also get in touch with them via email, which they reply to within hours and phone numbers with different languages available. You also have a chance to use the 30-day demo account.

Trading Conditions At Axitrader

In fact, it won ‘Best MT4 Provider’ in and UK Forex Awards in the year 2018. AxiTrader is a STP broker which provides 2 types of account, Standard account and PRO account. When you start making more than 10% a month your account will be reviewed and slippage, late entries/exits will start occurring. 5min timeframe was absolutely mess and I regret I didn’t save that screenshot. I didn’t complain about that TF since I didn’t use it at all but when I found out about their WebTrader, I logged in to their WebTrader just to see if the same is happening there. Since then my 5min TF was starting to show in MT4 correctly.

AxiTrader lets the traders keep their trading costs relatively low, compared to other brokerages. This way, if new trader accounts lose money, their loss is insignificant and can be recouped easily. AxiTrader has customer support that runs 24/5 every week. The trading platform mainly communicates with traders via email. But, it also has a toll free number where traders register their inquiries.

Axitrader does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions. All money funded to Axitrader is placed into a segregated tier 1 bank account.

The MetaTrader 4 trading platform is a key part of AxiTrader’s offering. It does an excellent job of providing auxiliary services, including the Autochartist Plugin and PsyQuation Premium. AxiTrader runs its in-house research to help its users with bankable insights.

axitrader review

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools. This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Axitrader review useful. Having a reliable and capable broker is crucial to your success in online trading.

They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account. Axi clients are provided a lifetime access of PsyQuotetiuon Premium. PsyQuotation is a AI driven analystics platform to help you discover strategies that would work on MT4. There are many tools to choose from – from ‘Order Flow Sentiment Indicator Charts’ to a ‘Twitter vs Rates’ tool, which shows how Twitter news affect symbol price changes. Below, you can see the tools and their short descriptions.

Can You Make Money With Axitrader?

Of course, opening an account without an initial deposit doesn’t serve the purpose of trading. Therefore, the absolute minimum that traders can deposit into the broker is $200. $200 is a small amount of money, but the broker does not support smaller deposits that most other companies provide, which can be a disadvantage for ultra-small traders. Nevertheless, the $200 initial deposit allows clients to open an MT4 standard account, which is basically a market maker model. The AXITrader spreads on the Standard account starts from 1 pip, but the company promises to offer even lower spreads according to the market conditions.

  • We have banks , hedge funds, retail traders, market makers, speculators, and others being an integral part of the forex market.
  • will not accept any liability for loss or damage as a result of reliance on the information on this site.
  • This allows for automated trading for indices, forex, and commodities via duplicating strategy providers.
  • Once your identity is verified, go ahead and fund your account.
  • Good customer service but signals are not profitable.
  • On our test trades the spreads were average levels compared to industry benchmarks and low for Forex.

Thank you for taking the time to leave us a review. We’re sorry we couldn’t meet your expectations. Thirdly, Their AML process for funding are totally bad. I got my card cancelled due to fraud, but they don’t accept that reason and keep insisting to ad/ refund into the cancelled card…. I have explained the situation, and yet they dont seem to care and keep telling me to use the card…. I just dont uderstand why changing one card to another card can be this difficult, even using the same name.

It takes less than 30 seconds to link an AxiTrader account, and there is a detailed guide on the AxiTrader website. Autochartist offers a convenient MT4 plugin, so you can seamlessly put this particular resource to good use. With Autochartist, AxiTrader clients are able to enjoy continuous market scanning of an intraday nature. It also includes Fibonacci Patterns and Volatility Analysis to assist with understanding the volatility of assets and analyzing correlation. The use of pattern quality indicators and pattern recognition on Autochartist helps traders make informed trades.

Is Axitrader Trading Good?

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. This makes AxiTrader a trading coach for every new user.

Another great detail about the AxiTrader Demo account is that users can access it from their mobile devices. There are 80+ instruments that can be traded on the platform which includes currency pairs, bullion, metals, commodities and indices. It may not be in thousands but they already have a diverse range of markets and based on our grading system, they notched a Tradable Assets score of 3/5. AxiTrader offers a tool box with six useful trading tools, which traders can use to make important trading decisions and maximize their profits.

They say how AxiTrader maintains their trust by never trading against them, and providing comfort to all users. However, they lack live webinars, which many brokers provide to their traders. AxiTrader is available in many countries, but it still doesn’t function in the USA or Canada.

Therefore, it is important to stay updated on the latest broker reviews. However, trading in the most competitive environment is not everyone’s cup of tea. Only the disciplined traders can make a profit out of it. Compared to other brokers, AxiTrader has probably the best, award-winning customer service out there in the forex brokerage world.

It also lets you easily and quickly apply more complex order types. MT4 NexGen also includes the ability to import news feeds or to follow traders via social networks. Trading on the mobile versions of MetaTrader for AxiTrader is filled with features but feels light. The applications have the features and tools you need, including live pricing with real-time updates. You can also modify existing trades with a simple swipe.

With a minimum deposit of 500 AUD you will get access to PsyQuation Premium. PsyQuation is one of the world’s most advanced data analytics plugins for retail traders. Using highly sophisticated algorithms it works like a trading coach, analysing your trading style, identifying mistakes and helping you avoid making similar mistakes again. While most brokers will charge an inactivity fee on trading accounts that haven’t been used for some months, Axi does not. In addition, there are no withdrawal or deposit fees – making Axi one of the lowest cost brokers in the world in terms of non-trading costs. For more on Axi’s deposit and withdrawal methods, click here.

The company had made four different counts of brokerage violations under the regulator’s Financial Conduct Act 2013. The global financial authority in Dubai Financial Services Authority also governs the workings of AxiTrader. Being a heavily-regulated broker, AxiTrader is widely considered safe. In 2020, the broker is compliant with several top-tier authorities.

These are offered by numerous other brokers and are a great way to provide ongoing support to the traders. In terms of the trading platforms and technology at AxiTrader, they make use of the MT4 software. Most traders will no doubt be aware of this platform and many will have used it at other brokers. There are two types of live accounts and these are the standard and the pro accounts. These basically differ according to their fee structure as well as the amount of leverage that you can employ with them. When you first create the demo account, AxiTrader will give you $50,000 in demo funds so that you can replicate live trading conditions by placing actual trades.

There are various options for funding your account, including bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller. AxiTrader trading platform provides its customers with a wide range of options like more than 80 currency pairs, and over 140 cross pairs. As per our AxiTrader review, AxiTrader offers different types of trade accounts to its traders and does not charge any inactivity fee. In most cases, the need to contact customer support arises when the AxiTrader user faces some minor issues in opening the account or managing multiple accounts. If new accounts lose money when trading with the software for the first time, the customer support staff connects them with experts for quick recovery.

The Virtual Private Server of AxiTrader hosts the traders and allows them to run their automated trading solutions 24/7. This is not an in-house feature of AxiTrader. It is a partnered service that AxiTrader runs with four VPS providers, namely, MetaTrader VPS, ForexVPS, BeeksFX, and Commercial Network Services.

It helps to follow other traders and let them follow you. With the help of this tool, you can view the real-time activity of other traders. You can also screen out the best trading opportunity for yourself. You will get thousands of algorithmic strategies that are great for trading. Using a global server network and the best pricing engine, it can provide the best pricing to its traders.

Axitrader Metatrader 4 Mt

With an award-winning customer service and highly trusted broker, I would have to rate AxiTrader at a 4.5/5 for the amazing service they provide. To help try and bring their traders another edge, the AxiTrader Forex broker provides several complementary add-on tools for the MT4 platform. One of the most popular and effective is Autochartist, a program that permits users to automatically chart the markets and more easily understand the current market trends.

Further, the firm also launched its London branch in 2012, China branch in 2015. In China, AxiTrader entered into a partnership with China Union Pay to help its Chinese clients process payments easily and directly to AxiTrader. Later, when their trade volume surpassed the 100 Billion Dollar mark, AxiTrader stretched its corporate brand to Germany Latin America and also to the Middle East in 2016. Even in the view of its minor discrepancies and some unanswered regulatory questions, AxiTrader represents genuineness in assisting the forex trading requirements of people. In 2021 and beyond, it is expected to sustain its attractiveness as a top-ranked broker with a surging market share.

Traders can set it up and download it absolutely free of charge. MT4 is available for PC, Mac, and mobile devices. If traders do not wish to download any trading software on their computers, they can opt for MT4 WebTrader, which enables trading on their web browser. To open a demo account, you have to enter your name, email address, phone number, and country of residence. You also have to express your willingness to receive promotions and news from the Forex broker and agree with its privacy policy.

About Author:

Leave a Comment

Your email address will not be published. Required fields are marked *