PsyQuation is an advanced data analytics platform that uses highly sophisticated algorithms to analyse your own individual trading style and find areas for where you could improve. You get free access if you maintain a balance of at least $500 and trade a minimum of 1 standard lot per month. Axi are a regulated broker that must be compliant with strict regulations and standards that are put in place to protect investors. Please keep in mind that as Axi are regulated in different markets by different regulators, each are subject to a different set of rules.
All Axi servers are located in New York and are hosted by Equinix in the NY4 Data Centre.
Trading on AxiTrader PRO account, you will receive a reduced spread and a commission charge will occur based on the base currency of your trading account and the size of your trade. Hi Tony, thank you for taking the time to leave us a review. We apologize that our service did not meet your expectations. However, as a fully regulated broker, we follow certain regulations from our third-party financial regulator that dictate the payment methods that can be used on different countries. AxiTrader has no minimum deposit requirements, you are free to deposit any amount for its standard and PRO accounts.
Axi clients are provided free access to PsyQuation Premium, an AI-driven analytics platform to help you discover strategies for MT4. Below, you can see some of the many tools that are available, along with their short descriptions. Unfortunately, some articles are available only through the Australian and UK websites.
The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The texts on this page are not an investment recommendation. Axitrader is not a fraud but has been recognized repeatedly for its dependability, offering low-risk Forex trading. AxiTrader is authorized and supervised by the 2 key regulatory bodies, the Financial Conduct Authority and the ASIC.
You can use either bank card, bank transfer or e-wallets for deposits, but there are some withdrawal limitations for bank cards. Elite account – $3.50 round trip commission, generally lower spreads. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. If you encounter any difficulties with withdrawing your funds, please contact us at Our dedicated team is always ready to provide you with the necessary support and assistance.
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When copying a trader from another member on the platform, the client’s account will duplicate their trades in real-time. However, Axi does have a somewhat limited product range when compared to other brokers and it doesn’t offer the same variety of educational tools as some other platforms. In addition to this, the lack of 24/7 support is a definite disadvantage. AxiTrader has developed this four-step simple process to meet the regulatory KYC requirements.
During liquidity, the spreads fall lowest to 0.0 pips, and AxiTrader adheres to ensure that the costs stay competitive. Axi accepts traders from the UK and South Africa and has an office in each. Traders from Malaysia, Singapore, and Canada may also open accounts at Axi, but US traders cannot trade at Axi.
Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. Individual users receive Negative Balance Protection, which guarantees they will not lose more than what they’ve invested with AxiTrader. To minimize confusion, customers have a single brokerage account with AxiTrader but can have many subsidiary profiles in the shape of trading software logins. AxiTrader offers free eBooksAxi’s customer support and service are good and award-winning.
There are educational articles in the ‘Markets Blog’ section as well, which are up-to-date and well-written. An economic calendar is also provided with multiple filters, such as ‘Country’ or event ‘Category’. As of January 6, 2021, the FCA has banned the sale of crypto derivatives to UK retail consumers.
Account opening is easy and fully digital, without any minimum deposit, which is also great. Trading education may not play a direct or significant role in a trader’s performance but it definitely helps him/her in understanding the basics of online trading. Additionally, it also familiarizes traders with the key aspects, terminologies and strategies of trading, which may be extremely helpful to them in the long run.
The tool can tell you when you should trade by using support and resistance level. Support and resistance are the fundamental points in technical analysis, so many traders base their strategies around these points. Relatively new traders in the market will find this tool very useful. Autochartist is used to identify chart patterns by tracking indicators like Fibonacci retracements.
Even better, AxiTrader offers traders the Multi-Account Manager for MT4. It has all the great features that make it easy for any trader to take advantage of the provisions offered by the Pro Account. Many of the regulations imposed by the regulatory agencies overseeing AxiTrader, have everything to do with client protection, among other reasons. One of the new introductions in the rules involves restricting brokers from offering bonuses to clients. However, in general, the broker seems to have a great reputation. The license issues are probably temporary as the broker continues to enjoy success and great reviews from clients and industry experts.
The Autochartist pattern recognition software can save you time scanning the charts by conducting automated chart analysis for you. It will show you patterns found on an instrument of your choice with a pattern quality rating. You can set alerts for when patterns are found and it can also forecast possible stop loss or take profit levels.
Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade. Currently its not under any effective regulations, so please pay attention to possible risks. If you want to register and open an account with Axi, the setup process is completely digital and easy to navigate.
Lastly, they are also regulated by the Australian Securities and Investments Commission . 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.
Now, I’m with Finance Me Consultancy , who provides intermittent payouts. The business helps consumer in making wise financial inv, ensuring timely and accurate payments. Axi have been untruthful to me for months while I awaited my withdrawal. It’s perplexing because it only takes a couple of minutes for them to process your funds, but when it comes time for a payout, it’s a different story. It seems deliberate and it took me a while to realize this after experiencing several setbacks.
Overall, we found that AxiTrader fees are relatively low or no fees at all. Overall, the broker covers the most demanding markets to trade, also UK residents can benefit https://forexarena.net/ from the Spread Bet option. In this case, the client’s funds are safely kept in segregated accounts with top-tier banks and secured by compensation schemes.
Axi has been around for more than a decade, so already enjoys a good reputation within the industry. Well-regulated, so traders can have a high degree of confidence in the brand. Both the FCA and ASIC are highly regarded as financial regulators, which means that traders can expect to have a high level of trust in the integrity of the AxiTrader group.
Axi (AxiTrader) offers copy trading using partnership service MyFxBook. This platform is quite well known among the traders. It is distinguished by good analytics, simple interface and reliable operation. Failures of operation are quite rare.
Only two options in Vietnam, use your credit card and get charged a cash advance fee, or bank with a bank that has Internet banking with them. If your bank is not one of the listed banks, you cannot do a wire transfer. I contacted their chat fully expecting, here are the bank details, please make your deposit, like every other broker in the world. However, here is their reply, “These are subject to regulatory standards and as per our company policy, deposit methods available will always be based on your country of residence. Overall, we found the main Axi offering that adheres to accessing the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced ones. A truly comprehensive range of tools, at AxiTrader’s mainstay MetaTrader 4 brings a very competitive technical solution to trade through market-making execution.
Australia-based Axi is a low-cost forex broker ideal for those who need some extra tools to build their trading strategies. It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. Opening an account is easy and no minimum deposit is required.
Versions are available which are suitable for Android and Apple devices, as well as Mac computers and those with a Windows set-up. The company is regulated by ASIC in Australia and the FCA in the UK. All British traders are eligible to open a trading account at Axi but will have to follow the fully digital three-step application process. The main benefit of using third-party platforms such as MT4 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker.
At the time of inception of my trading – Axi was not well known to me . I traded other famous naming broker.Thouth they gave commission, cash back facilities and items facilities but they shows major liquidity problems. Now and then cut big amout of commission specially mid- night . Axi maintain axi review smooth liquidity and promt communication newtork. So, it is most reliable to me now.I like to continune my trading business with Axi and also request others to justify this broker at least one time. But recently, I conclude to stay with axi due to their faithfulness and timely service delivery.
However, wait times were average, which meant we were unable to access help instantly via this method of communication. Similarly, customer service responses via email were received at an average speed. Despite the MetaTrader 4 platform’s limitations, AxiTrader runs excellently for its traders by offering them the most cutting-edge trading tool – PsyQuation Premium. The prices for availing of this feature range from a monthly subscription of $10 to $35. AxiTrader also credits its traders for using ForexVPS and Commercial Network Services if 20 lots are traded per month.
It is primarily regulated by the Financial Conduct Authority and the Australian Securities & Investments Commission. 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.