Furthermore, the new PsyQuation Premium platform is available for those traders that are looking for an even more advanced and higher performing trading platform than the standard PsyQuation. PsyQuation is being recognised as one of the world’s most advanced trading platforms for retail traders. The platform offers many powerful and unique indicators, quantitative models that are at an institutional grade level and frequently updated trading signals. The MetaTrader 4 trading platform is a key part of AxiTrader’s offering.
In January 2020, the Australian Securities and Investments Commission also revoked AxiCorp’s license for non-compliance with its regulatory demands. The company had made four different counts of brokerage violations under the regulator’s Financial Conduct Act 2013. As well, you can strengthen your strategies by Authochartist, as an AxiTrader client getting free access to flexible charts through the sophisticated tool – PsyQuotation.
AxiTrader Account Types
All are free to use and instant, with the exception of Bpay and bank transfers, which can take between 1-3 days and Global Collect, which can take 3-5 days. There’s no minimum withdrawal for many options, some have a minimum of £5 and bank transfer has a minimum of £50 . Withdrawal times are either not applicable or should take between 1-3 days. These can be used as cryptocurrency trading apps, for those wondering. In addition, there was nothing during our design examination which gave us any security concerns.
With these, you get a clear picture of the market and what you can expect to get if you start trading. Having an Automated Trade Journal will allow you to record your track record automatically. You can use this information to improve your analysis and trading activities in the markets.
It also brings down the high risk of losing money in the initial trades by simulating the outcomes of those forex trades. Overall, AxiTrader Platforms are ranked 7.9 out of 10 compared to over 500 other brokers. We consider the platform choice great as MT4 is one of the industry-leading platforms, also the broker offer Autochartist to strengthen your strategies.
AxiTrader Review 2023
The MT4 mobile platform allows you to seamlessly connect your mobile device to the trading platform. You can view real-time pricing, place & manage trades, view account history, monitor positions, customise charts, set alerts and more. This is useful for those who need to access their account whilst on the go from differing locations. MT4 mobile is freely available to download on both Android and iOS via the relevant app stores.
For most standard transactions (i.e. deposits and withdrawals to and from your trading account), Axi will cover the processing fees so you shouldn’t pay anything extra. A major pro was that Axi has low spreads across all the instruments we traded with Bitcoin spreads being very low. As mentioned in the fees section, with the pro account you have much lower spreads than the standard account although you do have to pay lot commission. With the pro account you also can trade with up to 400x leverage. Forex Trading– AxiTrader offers 80 pairs of currencies to trade on, including major currencies such as EUR, JPY, GBP, and USD.
Axi UK must comply with the rules of the European Securities and Markets Authority when they are conducting their business. These rules limit the amount of leverage offered to EU clients and the way in which financial services are promoted. If you want higher leverage then you would need to look at the international brand.
For example, “Zuluguard” is a risk management tool that will protect you from extreme volatility. This is actually quite an impressive list of services that range from trade copying software to social trading and trade analytics software. Some of these services are also well known to more professional traders. 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.
MT4 has a user friendly interface with a range of benefits and features including technical indicators for analysing charts, automated trading, one click trading, flexible charts & tools. An advantage of the Axi MT4 is that they have invested in co-located servers and fibre optics for faster trading. PsyQuation has already been recognised as one of the world’s most advanced and professional trading platforms and trading tools for retail traders.
One thing we love about AxiTrader is that they explain themselves well and keep things simple. You start by adding your standard personal information, including your country, email address, name, date of birth and so on. This is also a good time to make a decision regarding the type of account you want. The main difference between a Standard and Pro account is the latter has lower spreads but charges commission. There are a few different elements to the design quality, which we’ll assess in this part of our AxiTrader review 2023.
- For example, “Zuluguard” is a risk management tool that will protect you from extreme volatility.
- Axi offer weekly free webinars which cover a range of topics ranging market analysis, trade management, trading psychology and much more.
- In addition to that, you should always make sure that you know what you are doing before you get into the forex market, for your good.
It also allows them to see their trading performance via third-party audits. 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.
AxiTrader interface review – usability, look & feel
Generally speaking, the more liquidity providers a broker has, the better prices you can get. This makes them suitable for all trading strategies, from scalping to day trading and long-term investing. Axi cater for all levels of traders with their leading trading technology being advanced enough for the more experienced traders whilst being simple enough to use for the less experienced. The powerful and reliable trading platforms are available in numerous languages. You can trade from your computer or mobile with all of the tools needed for analysing the markets, placing and managing positions. AxiTrader further offers a few interesting VPS service options, which are especially beneficial to high-frequency traders or those who use automated trading strategies.
When you have it open and you spot a potential trading opportunity, you can quickly hit the “view” button and it will open the chart in question. This will allow you to quickly place the trade should you still find it favorable. Alternatively, if you do not want to wait for a response on the email then you can always speak to them over live chat.
Yes, AxiTrader does accept clients from Canada, however applications from Canadian residents of the state of Ontario cannot be accepted. Please review AxiTrader’s comprehensive terms and conditions to view all applicable legal information. Traders who manage multiple accounts can take advantage of the Multi Account Manager system, which allows account and money managers to manage a lot of different accounts from one location. With offices in four regions around the world and clients in over 150 countries, AxiTrader is an Australian broker firm with a global reach. Yes, Axitrader does have an affiliate program, so grab the opportunity to become an Axi affiliate and earn income. Withdrawals, isn’t back into the funding credit card like, mentioned in the company documents.
Desktop trading platform
Yes Axi does not have its own self-developed trading platform, it usesMetaTrader 4,a third-party platform. There were times in our experience when accessing certain menus took ages, with the whole page frozen while loading. Forex fees at Axi are low.For Pro accounts, there’s a commission of $3.50 per trade and a low spread cost. Axi has low forex and CFD fees, and deposits and withdrawals are free of charge. To understand if this Forex broker is a market-maker or not, we need to look at their trading account and execution models. AxiTrader offers a total of 80 different tradable financial instruments such as Forex pairs, a variety of index CFDs, metals, oil and other commodities as well as Bitcoin CFD trading.
I find them to be a reliable broker and like that I can get easy access to trade the markets on user-friendly platforms and apps. However, I would like to see them add the MetaTrader 5 platform. The fact they are well regulated gives me peace of mind so I can focus on my trading. You can trade a great selection https://forex-review.net/ of instruments across multiple asset classes with top class trading conditions. The broker has tight spreads, fast trade execution speeds and low commission fees. In addition to this, you also get a choice of convenient deposit/withdrawal methods, helpful trading tools, educational materials and 24/5 support.
AxiTrader is the company’s flagship business as an online retail foreign exchange broker. AxiTrader offers multi-channel funding and also allow broker-to-broker transfers from selected companies. Other VPS services that can be utilized by AxiTrader clients are MetaTrader VPS and Commercial Network Services. Most trading strategies and types, such as scalping, hedging and Expert Advisors are allowed.
You can of course also test it in a demo to make sure it works for you. The Next Gen MT4 platform is available to all of those AxiTrader clients who have more than $1,000 in their accounts. Of course, you can also give it a whirl with a free demo account beforehand. Which account you choose will depend to a great degree on your trading volume and experience.
Several axitrader reviews reveal that the broker does ample market research to provide its users the best-in-class information. The bulk information from multiple authentic resources is scanned and filtered to identify high-value data. This information collection process is outsourced to Autochartist or PsyQuation Premium.
You can also set the platform up to receive notifications via the app, email or an SMS. These alerts could be set at the intraday level in order to provide up to date suggestions for improving your trading. For those traders who are constantly on the move, you will be happy to know that MT4 platform is also supported on your mobile device. Metaquotes has developed MT4 applications for both iOS and Android devices.
What if i had to deposit money urgently to avoid margin call for example? Support said they will look into it… Still waiting 24 hours later. God knows for how long this issue persists… They are either amateurs or frauds. I just hope i will be able to get my money and GTF out of there as soon as possible. Our team is already conducting an investigation about this matter and we believe that you are already in contact with one of our representative who’s assisting you in resolving your concern.
In our AxiTrader review we found that AxiTrader’s Standard Account works without any commissions or additional fees. Instead, spreads are being marked up by 1 pip above the inter-bank rates received from AxiTrader’s liquidity providers. Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation Premium tool.
My accounts manager reached out to me and was efficient to resolve the issue I was facing on my account! I’ve made a request to withdraw my commission and I know it should go through given Axi’s reputation as a global broker. I know about the reliabilities of axi.com they are trust worthy and providing great services of brokerage.