Add Funds to Your Trading Account
Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation Premium tool. This helps users get exclusive educational articles on the market. The AxiTrader website also runs video tutorials and offers eBooks to increase the understanding of trading among users. It allows the users to access the software’s benefits in running the server component and the client features.
Answer a couple of questions that assess your level of trading experience. When you become more profitable, the MT platform starts to freeze, with no signals coming through, nor is the platform responsive. Their motive is this, you will end up trading with the money they returned and losing it.
No, Axi charges no fees for funding and withdrawals to or from a trading account, up to a value of USD$50,000 per month. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. It is possible to lose some or all of your money and investment. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally.
By reducing the latency, AxiTrader allows you to make the best of your time and money, so you always have the edge. With Autochartist, you can enjoy pattern recognition in charts, speedier analysis, flexibility in trading, and timely alerts. The Standard Account spreads start from 1.0 pips, and the Pro Account spreads start from 0.0 pips. In comparison, the Pro Account trading experience is better than the Standard Account. However, it all comes down to what you require to be effective. The Standard Account comes with higher spreads and no commission charges.
Similarly, AxiTraders offers a 30% discount for the BeeksFX users through a coupon. This regulatory suspension, however, has no impact on the international clients that AxiTrader LTD operates. Both entities are different and fall under distinct jurisdictions. Hence, AxiCorp LTD, which runs AxiTrader, has not suffered any license suspension.
It is a financial service provided globally and is legit for users in the countries regulated under its authorities. AxiTrader and AxiCorp Financial Services Pty LTD are two different entities. The latter is the corporate owner of all the operating subsidiaries. In most cases, the need to contact customer support arises when the AxiTrader user faces some minor issues in opening the account or managing multiple accounts. If new accounts lose money when trading with the software for the first time, the customer support staff connects them with experts for quick recovery.
Not sure if a Pro account is right for you?
It also allows them to see their trading performance via third-party audits. The technology infrastructure of AxiTrader is built with advanced trading tools. They provide complete support to the automated trading experience. They run backtesting on features and user capabilities and support thousands of registered third-party plugins. AxiTrader does not promote any specific platform higher than the other, which makes it quite unbiased. You should engage in any such activity only if you are fully aware of the relevant risks.
In 2016, AxiCorp announced that it had received a significant strategic investment from RGT – a leading Australian private equity firm. The goal of this initiative was to help drive its global growth. Is Axi legit features all the key aspects you need to look at to see if a broker is safe and legit.
The applicant will be required to complete a simple application form and confirm their identification. Once the application has been approved, the account holder will be able https://forex-reviews.org/ to fund their account. To start the account application, the applicant can simply click on the yellow open account button located at the top right of the Axi webpage.
We repeated the transaction and it was declined a second time. Axi does not charge other non-trading fees such as account inactivity fees or deposit and withdrawal fees. Axi is a trusted brokerage firm that caters to 60’000+ traders across 100+ countries. Axi offers Ultra-competitive pricing, unbeatable value, free education, and award-winning 24/5 customer service.
- You can only deposit money from accounts that are in your name.
- You can find the main educational tools under the ‘Learn to Trade’ menu at top of the page.
- You are provided with a 30-days free demo platform to train yourself.
- For you, this means that your money is in good hands and you will be able to access your funds.
- The Session Map is another great tool that allows you to track when markets open and close.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. However, Axi applies a $/€10 monthly fee on inactive accounts. “Inactive” means that you had no open trades for a period of at least 12 months. Axi has low forex and CFD fees, and deposits and withdrawals are free of charge.
Remember, we mentioned that the compliance checks at AxiTrader are strict. 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. An Economic Calendar is available to ensure that major upcoming market events and announcements don’t catch you off-guard. Because of the rigorous AxiTrader regulation and compliance process, it might take a few days to determine whether you passed or not. If you get someone else to do it for you, that will only hurt you when the trades finally fail.
At the same time, it constructs educational infrastructure to train and upskill traders on new features and strategies. It also runs through the performance axitrade statistics of traders and helps them fine-tune their approach. Autochartist is not the most effective third-party plugin AxiTrader offers to its clients.
Fast and secure funding
Axi’s base currency selection is great compared to competing brokers. Axi has low fees for trading index CFDs, while stock CFD fees are average. To read much more details about the broker’s services and features, expand on the sections below. Connect your MT4 account to trusted third party partner platforms and plugins for enhanced analysis, increased automation and strategy selection. Gain the benefits of advanced trade management, enhanced ordering and sentiment trading when you use NexGen to boost your MT4 platform.
The live chat is the fastest way to get in touch with AxiTrader representatives. The relevance of answers is all customers care about when dealing with customer service. You will be happy to know that they have the correct and full answers to your questions. Even the education part is outsourced to the PsyQuation Premium platform that alerts you to mistakes while trying to make you a better trader. If you want to learn more, you can access additional information. The best part about any broker is what they can offer you, which is unique.
At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . Remember that CFDs are a leveraged product and can result in the loss of your entire capital. We found the PsyQuation tracking tool to be very useful for tracking our trading performance and setting trade alerts. Traders can also change the leverage level of their accounts after registration. We tested the entire process when opening our account, and it was fully digital.