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AXI Review 2024 Fees, Platforms, Apps, Pros & Cons

axi review

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. You can choose from a wide range of different trading instruments across multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs & ETFs.

Trading Platforms

Still, let us review each of the available asset groups in detail. The Axi Headquarters is in Sydney, Australia, though it operates several regional offices across the globe, including in the UK and Dubai. Here are the company’s offices in these locations and the relevant regulatory bodies that cover them. Whether you’re studying the principles of Forex, trying out new methods, or searching for expert trading advice, the eBook series may help you increase your market knowledge. Subscribing to an MT4 Forex VPS hosting service for 24/7 access will increase dependability and ensure that your positions are never disturbed.

Trading Tutorials

You can choose from low spreads with a small commission fee or pay no commission but have a spread mark-up instead. MT4 NextGen is a more advanced version of the MT4 platform with some additional features including advanced management tools, enhanced ordering and sentiment trading. You can get it for free when you open a live account and deposit a minimum of at least $1,000.

axi review

Customer Service

However, some trading instruments might not be available, depending on the country you live in. Yes, Axi offers swap-free accounts for traders that seek accounts that adhere to Islamic financial norms. Axi implements two-factor authentication (2FA) during login procedures to obstruct unsanctioned access to customers’ trading accounts and offer added security measures against potential hacking. While Axi does not offer deposit bonuses, it presently maintains two promotions for affiliates. Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy.

Trades from signal providers are placed automatically within your account and can be stopped at any time. You can follow multiple signal providers and do not need to be at your terminal when trades are placed. Risk parameters are flexible and can be set according to your own preferences. Whilst this can be a good hands-off solution for those who do not have the time or knowledge to trade by themselves, I find the signals to be hit and miss.

Assembling the Original Prusa MK4S

While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs. AXI offer a wide selection of trading assets including 50+ Forex pairs, cryptocurrencies, indices, precious metals, energies, and some commodities. As concerns their trading platforms, there is the classic MetaTrader-4 in several versions for desktop and mobile devices. There is an FXI/API for professional Forex traders and a credit for a Forex VPS for over 20 lots of monthly volumes. There is also a MAM account and social-trading via the Myfxbook AutoTrade. This type is suited for people entering the market newly and is fully available for both mobile and desktop traders.

New accounts require verification, following well-established industry practices. A copy of the ID and one proof of residency documents generally satisfies this step and completes KYC/AML stipulations. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Axi Pro account. When you trade indices with Axi you trade on the performance and price movements of stocks without actually purchasing physical ownership of an asset. Index trading is popular mainly due to the diversity they offer and flexible leverage. Enjoy daily access to exclusive expert insights, trend analysis and views on the latest market news, all designed to help build your knowledge and improve your trading skills.

Here’s a comprehensive table of all assets in the class of Forex pairs and Commodities. As a global company, Axi operates in over 100 countries across regions like Asia, the UK, Western Europe, and Africa. However, you can’t open an Axi account if you live in regions like the US and Canada. In fact, you must log in through the email they sent you with your password credentials to be able to access your Demo account. By doing automatic chart analysis for you, the Autochartist pattern recognition programme may save you time examining the charts.

They are always looking to improve their services in order to stay up to date with the latest innovative technologies and continue to deliver excellent customer support. You even get a dedicated account manager that is available to assist you in reaching your financial goals. Axi was previously known as AxiTrader before rebranding in 2020. Beginners will enjoy the standard MT4 and accompanying tools, especially those available from MT4 NextGen, while advanced traders and can connect directly with value-added third-party services. For traders of any experience level, Axi represents one of the most reliable options around.

  • I had a great time with AXI since 3 years ago and it’s still going great!
  • From our comprehensive research, Axi stands out as an average choice for traders looking to engage in forex and CFD trading.
  • Enjoy daily access to exclusive expert insights, trend analysis and views on the latest market news, all designed to help build your knowledge and improve your trading skills.
  • By doing automatic chart analysis for you, the Autochartist pattern recognition programme may save you time examining the charts.
  • Our review confirms that Axi is a trustworthy broker, backed by authorization from Australia’s ASIC and not publicly traded.
  • If you open a standard account with Axi, there is no commission.

Crypto assets are highly volatile and tend to present higher and more constant risk than forex pairs, but Axi keeps a pretty decent portfolio of such assets for interested traders. It currently claims to handle 30+ of such assets through CFD contracts with competitive spreads and on axi forex broker a 24/7 basis. These assets include popular ones like Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Meaning that their platform is provided by the company known as MetaQuotes Inc. Axi’s platform is easy to use, and the range of trading instruments is excellent.

He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. There is a great range of more than 70 forex pairs available for trading at Axi.

We use dedicated people and clever technology to safeguard our platform. I was taken part in trading competition at the end I won 12th position. Some participate won good positions by the break the rules of Axi. A CFD is a contract between traders where the buyer pays the seller the difference between https://forexarena.net/ the current asset value and the value of the asset when the contract closes. Talented Axi traders who wish to become professionals can receive funding through the Axi Select capital allocation programme. You can write your own review for this product to share your experience with the community.

The main way that Axi generates revenue is spreads, and even these are among the industry’s thinnest. On Pro accounts, there’s a $7.00 roundtrip commission on each trade ($3.50 when opened and $3.50 when closed). Axi offers traders a platform with plenty of resources to learn and develop CFD trading strategies, including e-learning facilities and access to a demo account plus copy trading.

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