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Axi Review 2023: Fees, Platforms, Apps, Safety, Pros & Cons

axi account types
axi account types

Axi is a trusted brokerage firm that offers its services to over 60’000 traders across 100+ countries worldwide. Axi is known to offer competitive pricing, unbeatable value, free educational tools, and award-winning 24/5 customer service. With easy ways to make a deposit into your trading account, you’ll be in the markets in minutes. And when you choose a low or no fee option, you’ll have more left to trade with. Customers can add Smart Trader Tools plugins as extra features to their MetaTrader accounts, though the platform doesn’t seem to have very many of them.

You can choose from many account base currencies, which can save you conversion costs. Like most competitors, Axi uses the well-known MetaTrader 4 trading platforms, but it offers copy trading and some additional analytical tools for those who like to experiment with their strategies. The platform provides numerous account options that are ideally suited to the requirements of certain clients. Additionally, the availability of swap-free Islamic accounts makes it simple for traders who follow the shariah to look into interest-free trading opportunities. This is in addition to the commendable flexibility of trading strategies, which traders may freely employ. This type is suited for people entering the market newly and is fully available for both mobile and desktop traders.

The reviews of this broker on ForexPeaceArmy are mostly poor. Users complain of everything from their money being stuck to poor customer service. This user says they had to wait to receive their withdrawal for up to a month at the time of his review and had to go through an arduous back-and-forth with the platform’s service team. A spread is the difference between the selling and buying price of a financial instrument. They are generally influenced by such factors as liquidity, market news, and volatility. Spreads on the Axi trading platform also differ according to the nature of the tradable asset.

In addition to operating on these third-party apps, the Axi trading platform also runs its own dedicated copy-trading app, which is available on the Apple and Google Play stores. This service is especially designed for new traders, enabling them to copy the trading patterns of the most experienced traders on the platform. It also offers a wealth of resources to help traders maximize their trading experience. These include multiple MT4 Video tutorials to help users learn to use the third-party app, a comprehensive blog, a trading Academy, and a selection of educational webinars and seminars. There is also a commendable customer support system for users.

Using the Axi Trading Platform, users can trade 24/7 on top markets worldwide to find opportunities and trade their edge, regardless of whether they are new to trading or experienced traders. There is a competitive trading cost, excellent customer service, and a wealth of educational resources available to traders at Axi. The account opening doesn’t demand any minimum deposit from you. That’s why you can take the initiative to start your trading journey with AxiTrader. The platform is also amazing because of its educational tools and helpful features that turn on the traders’ smart trading journey.

axi account types

It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility. Users on Trustpilot are nearly polar in their assessment of the Axi trading platform, from shining reviews to very bad, with some assessments being in between. Additionally, Axi also provides traders access to a third-party platform for a more varied trading experience, and this comes in the form of the MetaTrader 4, PsyQuation, and Autochartist platforms. This third-party platform is fully available to you, whether you favor a desktop PC trading experience or mobile trading.

It is only a matter of the payment processor that you wish to use that determines the minimum payment amount. Finally, Axi Broker also supports an Islamic account that complies with all the requirements of Islamic law. With this account, you will not be charged swap fees and will have access to all the tools and assets you need when trading. A key principle of the platform is no up-selling, primarily because it no longer offers better trading conditions and larger deposit size. Two main types of trading accounts can be opened with Axi Broker – the Standard Account and the Pro Account.

Islamic Trading Accounts

Spreads on the Axi trading platform are generally quite competitive and affordable, beginning from 0.0 pips. However, they can vary sharply from asset to asset, as you will see from the table below. A good bonus is much better since many top brokers charge an inactivity fee when you do not trade.

Axi reveals restructured partner program – Yahoo Finance

Axi reveals restructured partner program.

Posted: Tue, 20 Sep 2022 07:00:00 GMT [source]

Besides that, Axi Broker claims to have high security and measures that protect your personal information during the sign-up process. Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited. We are certified stock broker review & comparison website working with multiple partners. Thanks to the cutting-edge software and regulatory bodies, which make AxiTrader the safest and reliable place for trading online. Hence, if you also seek anything that helps you learn to trade, then go with this dummy trading method. The leverage levels can vary because it can be set as per the personal choice of the individuals.

Payment Methods provided by Axi

In fact, Axi has received a license from the DFSA in order to provide its services in the UAE. It is a well-known company in the online trading community and is regulated by some of the most reputable authorities in the world, such as the Dubai Financial Services Authority . However, the commission and spread options are the only points that make one account different from another. However, for the Dubai operations, the trading platform is regulated by DFSA and FMA in New Zealand. Trading is safe and reliable with AxiTrader because the company adheres to the international security standard. So, all along in your trading experience, you’ll not encounter any issues.

  • However, it’s worth noting that the MT4 requires a bit of a learning curve as it has a lot more functions to explore.
  • As a plus, there are other web tools, like a great economic calendar.
  • Here, we will review the methods for deposits and withdrawals.

By subscribing to an MT4 Forex VPS hosting service for round-the-clock access, you may improve dependability and make sure that your trades are never halted. And though phone, email, and social media customer support are available 24hrs, they are not available on weekends. Enter the ‘Quotes’ tab on the trading app and select the instrument you’d like to trade in. This tab performs a number of functions, including allowing you to view all the symbols that are tradable , access symbol properties, place your trading orders, and open new charts from here. The tab is also customizable, allowing you to switch the view between classic and advanced modes.

What about the minimum deposit?

They also have good customer support to contact if you need to restore your account or if anything else should happen. Axi has some drawbacks, though.Its product range is limitedto forex and CFDs, and its research tools lack recommendations and fundamental data. We received quick and mostly relevant answers to our questions. Axi offers the research tools of the MetaTrader platform, which do not include trading ideas or fundamental data. As a plus, there are other web tools, like a great economic calendar. Axi offers a social trading servicevia Forex Trading Signals on the MT4 platform.

For the best performance and the fastest latency, this server is hosted in a high-speed private data center that offers the fastest possible experience. Because Axi is a licensed broker, it is required to https://forexarena.net/ adhere to the standards that have been set up to protect investors. As Axi Broker is regulated heavily by many regulatory bodies worldwide, it is widely regarded as one of the safest trading brokers.

Over 70+ forex pairs are available on the Axi forex trading platform, ranging from major to minor and exotic currency pairs. This enables traders to diversify their approach to trading on the axi review foreign exchange market by dealing with multiple currency pairs at once and distributing their asset risk. EUR/USD, USD/JPY, and GBP/USD are some examples of the available major forex pairs.

Axi Broker Review UAE – Our Conclusion

These are charged based on trade volume ; The higher the volume of your trade, the higher your commission. For instance, Axi charges a commission of $3.50 per standard trade lot (which makes a $7 round-trip charge). However, if you use a standard account, you won’t be charged a commission. On the downside, however, opening accounts on the site takes more time than it should, and that can easily make new users lose interest. Furthermore, the company could do better with a broader variety of research tools for users.

First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. There is a 3% fee for card payments and other payment methods where deposits exceed a monthly limit of $50,000.Withdrawals are free if they are above $50 or for the full balance of your account. AxiTrader Limited is amember of The Financial Commission, an international organization engaged in theresolution of disputes within the financial services industry in the Forex market. It is also available in a host of locations around the world, with offices in at least 6 regional locations.

Now, let’s begin our more detailed review of the Axi trading broker and its facets. Tradingplatforms.com/uae has no intention that any of the information it provides is used for illegal purposes. It is your own personal responsibility to make sure that all age and other relevant requirements are adhered to before registering with a betting operator. There are times in our society when it is difficult to tell the difference between truth and lies due to information overload. If you decide to withdraw your funds on Axi, you should note that only you will be able to withdraw them.

Mobile trading platform

Deposit and withdraw funds using our fast, flexible payment options. You’ll clearly see which payment options are available for your account type. Axi is a trusted brokerage firm that caters to 60’000+ traders across 100+ countries.

If we talk about the interface of the app, it’s quite attractive and feature-rich. A trader can also switch their trading activities from their mobile device to desktop or vice-versa without losing their position. Download the Axi app from the play store or apple store and start off your journey. Similarly, a trader gets the opportunity to take prompt action with a decent plan. Altogether, you can trade quickly, thanks to easy-to-use features. To start the account application, the applicant can click on the yellow open account button located at the top right of the Axi webpage.

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