Traders can monitor the movements of spreads on Live Spreads, which are provided by Axi on its official website. These floating spreads are beneficial for traders when price volatility is not high. I’m using Axis at the moment all is fine except that last time I lost almost 800USD due to the rollover.I asked them for the reclaim they said they can’t do anything about it.
- Additionally, the charges are fairly reasonable, and the commendable variety of payment methods makes deposits and withdrawals pretty easy.
- Made a deposit by bank transfer and within a day it was booked on my trading account.
- They can help you to arm yourself with essential skills and strategies to trade the financial markets.
- Axi, previously known as Axitrader, is an online trading service provider that has been in operation since 2007.
It analyses your trading style and performance in real-time, comparing it to the most recent data to offer intraday charting and performance effect analysis. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. In our experience, Axi’s Live Chat support is fast and responsive, with an agent connecting to our request almost instantly. Although this is certainly a positive, the level of support and accuracy of the information provided was disappointing.
Markets
The tool monitors the markets 24 hours a day and tells you when a trade opportunity shows up. There is a delivery of market reports, done three times every day. They also allow you to do a volatility analysis that employs performance statistics. With these, you get a clear picture of the market and what you can expect to get if you start trading.
After the initial personal data has been entered, it is required that you verify your identity to finish the registration process. The verification process can be done by uploading a picture of a valid government-issued ID card or passport. Proof of residence axi review is also required and can be verified by providing a utility bill or bank statement that has to also be uploaded. In fact, you must log in through the email they sent you with your password credentials to be able to access your Demo account.
Axi Broker Review: A reliable broker with competitive spreads and commissions
It can send you notifications when a pattern is discovered and identifies possible support and resistance levels based on these patterns. The economic calendar keeps you up to date with the latest market news and can be set to send you alerts on specific events. It is useful having the calendar build into the platform rather than needing to keep checking it externally. I always like to know what is happening around the world as the news can have a large impact on price movement. I invested 3Lakh ,800$ she scammed me totally unfair.you can’t even withdrawal your money ,he said to invest move 300$ so you can withdraw your money….
Axi Review 2023: Fees, Platforms, Apps, Safety, Pros & Cons
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Comparing Axi fees with other brokers
Can’t trust them again, they have serious system issues, support is bad late reply non profissional reactions. Axi is overseen by strict regulatory rules that require clients to fulfill compliance checks. The FCA and ASIC require the broker to ask you for some documents before giving you an account. This AI analytics tool is connected to the MT4 platform and helps traders to improve their results and finding new strategies that actually work.
Trades from signal providers are placed automatically within your account and can be stopped at any time. You can follow multiple signal providers and do not need to be at your terminal when trades are placed. Risk parameters are flexible and can be set according to your own preferences. Axi is a licensed broker, which means it must adhere to strict laws and standards in order to safeguard its customers.
It would help if they had separate and comprehensive tools that aren’t integrated into PsyQuation Premium. Our Axi review was created to find out how suitable this broker is to you. They are regulated by respected agencies like FCA, ASIC, and DFSA. With all of these requirements and compliance measures, safety is ensured. The best part is that the broker manages everything well that you won’t need support most of the time. The other advantage is that you will get faster trade execution on a VPS system than on conventional systems.
At present, the broker offers two different types of trade executions. These are the ECN instant trade order and Non-Dealing desk execution. Overall, Axi fully complies with the regulatory standards imposed by some of the top financial regulators in the world. However, it’s worth mentioning that in Nov 2019, New Zealand’s financial regulator suspended AxiCorp licenses for not complying with the Financial Markets Conduct Act 2013. As a result, New Zealand retail traders can’t apply for an Axitrader account because Axi has stopped offering its services in this jurisdiction. Over 60,000 former Axitrader clients with live accounts from over 100 countries have continued to trust Axi with their online trading operations.
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Axi is an award winning, regulated online broker created by traders for traders. They offer tight spreads, low commissions, rapid trade execution speeds and a range of different markets. Advanced platforms and trading tools ensure an excellent trading experience. Demo accounts are available if you wish to test trading conditions and platforms before opening a real account. This can be a great way to familiarise yourself with the trading platforms and practice your trading strategies with virtual funds, risk free.
I personally love this tool and think it is one of the best you can find for conducting thorough market analysis. It basically gives you professional market research in an extremely user-friendly way. I don’t need to watch charts all day if I can set Autochartist to do all of the leg work on my behalf. 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. The MAM is only available to approved and regulated operators of discretionary accounts or managed investment schemes.