IC Markets vs Axi: In-Depth Review 2024 Updated

axitrader regulation

AxiTrader is a smart choice for savvy forex traders looking for a MetaTrader 4 Forex broker with enhanced features, strong customer service matched with relatively high leverage. The only factors that work against this broker is the fact they only offer the MT4 forex trading platform and have limited risk management tools such as guaranteed stops. Experienced traders who like MT4 though won’t find this a major issue and should consider AxiTrader within their Forex broker mix. In my opinion, IC Markets stands out as the superior choice for Australian forex traders.

Forex Broker Reviews

Of course, opening an account without an initial deposit doesn’t serve the purpose of trading. Therefore, the absolute minimum that traders can deposit into the broker is $200. $200 is a small amount of money, but the broker does not support smaller deposits that most other companies provide, which can be a disadvantage for ultra-small traders. Nevertheless, the $200 initial deposit allows clients to open an MT4 standard account, which is basically a market maker model. The AXITrader spreads on the Standard account starts from 1 pip, but the company promises to offer even lower spreads according to the market conditions.

Axi Minimum Deposit and Withdrawal

There are two Axi account types that impact the fx broker costs when trading with Axi. However, Axi offers a small number of tradable instruments, about 130, and does not offer ETFs and stocks, which is a drawback. We reached out via the live chat function and the second agency gave us the correct reason why our Neteller withdrawals were cancelled. They recommended we do a bank transfer, which we did and were successful. Traders can also change the leverage level of their accounts after registration.

Axi Research and Analysis Tools

axitrader regulation

Some of the non accepted clients, due to tier regulations are the US, Iran, Iraq, North Korea and a few others. On this AxiTrader review we have researched what this broker has to offer. This way you will be able to see the fundamentals of what you might need or not for your goals. The trading world is a passionate and growing industry where the trading volume is constantly on the rise. Just a sample, cryptos have been traded 61% more compared to last year. Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets.

AxiTrader Review 2024 (Axi)

This tool offers traders 20 advanced features to assist with decisions, trade management and execution. Advanced Trading Tools consists of many of the same features that NexGen however there are some additional features. Smart Lines utilises objects drawn on charts that can be used to become a take-profit or stop-loss position. AXITrader is the trading wing of AXICorp Financial Services Pty Ltd., which is an Australian based company that has been in the industry since 2001. AXITrader is one of the largest Forex brokers in Australia and is among the fastest growing companies in several parts of the world, including US, UK, and Europe. AxiTrader offers a tool box with six useful trading tools, which traders can use to make important trading decisions and maximize their profits.

axitrader regulation

You can trade on multiple variations of the popular MetaTrader (MT4) trading platform. MT4 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). Whether you prefer https://forexbroker-listing.com/ to trade on your desktop or whilst on the go, MT4 is compatible with the technology and operating systems you prefer to use. It comes with a wide range of built-in tools and fully customisable features.

The most popular forex broker regulators are NFA, ASIC, FCA, CySEC, and so on. Forex brokers are dealers or firms that offer trading services to retail and professional traders. Regulation ensures that your investments are protected and you are trading with a trustworthy and reliable platform. If you consider using Axir, you may be wondering if it is regulated.

They give you direct access to the latest market data with multiple liquidity providers (LP’s) from 14 of the world’s largest banks, for live pricing and superior trading conditions. Servers are located close to the exchange in New York, for improved trade execution. 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. If you ever have a dispute, regulators provide a process to help sort things out fairly. So, you can trade with confidence, knowing there’s a safety net if you need it.

  1. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
  2. The extra pairs offered are unlikely to be a consideration for most traders.
  3. For this review we tested AxiTrader, standard account, plus we collected secondary information from reputable sources, as well as user generated reviews.
  4. You simply download and install MT4 for PC or Mac and login to your account to start trading.

The pro account has a $7 round trip (USD) commission, and spreads from 0.0 pips. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiTrader is not a financial adviser and all services are provided on an execution only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. Important legal documents in relation to our products and services are available on our website. You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary.

axitrader regulation

The best part is that upon reviewing the platform, trading data was 100% open instead of being restricted to a few percentages like most copy or social trading platforms provide. Meaning that their platform is provided by the company known as MetaQuotes Inc. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Research done by Chris Svorcik and Nenad Kerkez Co-founders of Elite CurrenSea, Nenad and Chris are award-winning traders with over 10 years of technical analysis and teaching experience. In addition, automated technical analysis and signals are provided via AutoChartist – a third-party technology provider known for its pattern-recognition software.

I didn’t have any problems during signup and completed it within minutes. Featuring no swap fees or interest payments, this account is the ideal solution for those who are unable to earn or pay interest due to religious beliefs. Simply send support a request and they can switch your account over for you if you follow the Muslim faith. When you trade indices with Axi you trade axitrader review 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.

We tested the Standard Account with AxiCorp Limited which charges a spread on all tradable instruments. The broker’s average spreads for the popular instruments in each market was below industry averages. Axi charges low fees for all the instruments on offer including Forex pairs, indices, commodities and cryptocurrencies. The FCA also guarantees traders registered under the UK entity deposit compensation of up to £85,000 in case the broker goes bankrupt.

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