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Once you do so, your account manager can change the settings of your demo account so that it will not expire. This allows traders of all skill levels the opportunities to test new strategies. The fact that the demo account is valid for 30 https://forexbroker-listing.com/ days places AxiTrader in the middle of brokers in terms of this offering. It is nicer than those who offer demo accounts for only two weeks or even less. At the same time, some brokers do offer demo accounts for an unlimited time period.
You can of course also test it in a demo to make sure it works for you. 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. Which account you choose will depend to a great degree on your trading volume and experience. If you do high volumes and you have extensive experience trading then the pro account is definitely for you.
Remember many retail accounts lose money when trading in the financial markets. What’s best about trading with Axi is that it has no minimum deposit requirements, you are free to deposit any amount. We can say that the fees and costs of Axi are favorable for traders. A truly comprehensive range of tools, at AxiTrader’s mainstay MetaTrader 4 brings a very competitive technical solution to trade through market-making execution. As for the important question about margins, Axi offers access to flexible leverage options. In addition, the broker is a popular choice among Australian traders and worldwide investors that were convinced about the Australian service providing.
Does AxiTrader allow hedging?
That is to say that he has offered trading in a country where he doesn’t have a regulated license. Many brokers pretend that they have a license when they don’t have one. It uses the name of a company that owns one and pretends that it belongs to them.
In case of emergencies, Axi customer support is easily accessible. Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account. During the London-New York overlap session, I received a 1.1 pip spread for the EUR/USD or $11 per 1.0 standard lot. It is an above-average trading cost, and I recommend traders avoid it.
Axi hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. 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. Axi’s web trading platform hasgreat customizability.You can easily change the size and the position of the tabs. You can only deposit money from accounts that are in your name. In addition to bank transfer, you can use credit/debit cards, broker-to-broker transfer and several electronic wallets, as well as cryptocurrencies.
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AxiTrader has an end-to-end solution for its trading services. The technology suite of AxiTrader includes the MetaTrader 4 trading platform, its web app version, Myfxbook, and some additional APIs. The trading platforms run on all operating systems, including Windows, Mac, Android, and iOS. Forex pairs have been one of the most lucrative assets in the world of trading financial instruments. By registering high returns, forex trading has instantly profited investors worldwide.
Like most brokers, AxiTrader makes money trough spread, the difference between the buy and sell price of a financial instrument. All content on comparebrokers.org is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks. AxiTrader is an excellent agent, and its own users can vouch for this.
- Always do your research and choose a broker that satisfies your exact requirements.
- There are 4 types of accounts offered at Axi including the Islamic account that can be requested through contacting the customer support.
- AxiTrader has a support team that is available 24 hours a day thanks to the locations in Chisinau, Dubai, London, and Sydney.
- As you already know, AxiTrader works with good conformation to regulations.
- For those who prefer video analysis, AxiTrader also has videos outlining market updates.
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.
Mobile trading platform
Sign up to trade Forex or CFDs on any device of your choice via sophisticated apps. The broker could have offered more types of accounts, more types of trading platforms, and more markets to trade on. But the pros of trading with AxiTrader greatly outweigh its cons. Forexbrokerslab axitrader review is my personal blog where I compare reliable forex brokers. I’ve been in forex trading since 2009 and I’m still learning. I have traded with the most popular forex brokers, including the most unknown ones in any regulation and many different account types.
This made no sense and I kept asking why they hadn’t told my up front but they stuck to the story that the automatic trading had made a far bigger profit than they expected. I’m assuming that those are not the real names as they also gave me links to information about them which seemed to show those names to be genuine financial advisers. Forex, binary options, futures and stock trading, all have potentially large rewards but also equally large risks. You need to be conscious of the risks and accept them in order to start investing in the stocks, futures and Forex markets.
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker.
License and Ordinances of AxiTrader
However, if you are just starting out or you do not trade with that much regularity then you should consider the standard account. While this looks like a pretty attractive asset offering, there seems to be a distinct lack of any single name equities to trade. This is unfortunate for those traders who like to open positions on particular companies. AxiTrader seems to be fairly transparent with their fees and have a similar fee model to a range of other brokers in the industry.
When using the same asset, Axitrader permits two trades in opposing ways. When you have open Buy and Sell trades in the same asset, you’ll be required to pay half of the usual margin amount. Axi has support in 6 languages in around 12 countries that are trading with the firm.
The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Going back to 2012, AxiTrader was the winner of the best spreads at the CiOT Expo. In 2013, the CiOT Expo awarded the broker with the honor of Best IB and Affiliate Program Worldwide and Best Forest Broker Asia. It was also recognized as the Most Recommended Forex Provider in Australia in the Investment Trends Dec 2013 Australia FX Report. The same report also named AxiTrader as the winner for customer support. AxiTrader has a support team that is available 24 hours a day thanks to the locations in Chisinau, Dubai, London, and Sydney.