Axi Review & Rating 2023 » Is Axi Reliable & Secure or Scam?

Withdrawal duration is varied depending on the withdrawal method. For the negative points, the range of the instrument is narrow and limited to Forex and CFDs. The research tools are limited as well which is another drawback for beginners.

WhaleClub is a unique broker which uses their own custom built CFD trading platform. What is unique about this broker is that all accounts are denominated in Bitcoin or Dash. If you encounter any difficulties with withdrawing your funds, please contact us at Our dedicated team is always ready to provide you with the necessary support and assistance.

Portfolio and fee reports

It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. Opening an account is easy and no minimum deposit is required. You can choose from many account base currencies, which can save you conversion costs.

After verifying your account, we could not find any records of a withdrawal request. Now, I’m with Finance Me Consultancy , who provides intermittent payouts. axi forex broker The business helps consumer in making wise financial inv, ensuring timely and accurate payments. Their Elite account requires a minimum deposit of USD 25,000.

I hope to be their client permanently and looking forward to a wonderful relationship in the future as well. Thanks to everyone at Axitrader for doing a terrific job and may you win more awards and laurels in the near future as well. Yes, Axitrader does have an affiliate program, so grab the opportunity to become an Axi affiliate and earn income. In January 2020, the Australian Securities and Investments Commission also revoked AxiCorp’s license for non-compliance with its regulatory demands. The Axi Minimum deposit can be seen as very competitive when compared to similar brokers.

For security reasons, the account name must match where the AxiTrader deposit originates to where the withdrawal is being made. The trading platform mainly communicates with traders via email. But, it also has a toll free number where traders register their inquiries. The above platforms and tools help AxiTrader users stay ahead of the curve. From economic events calendar to real-time market news analysis, these tools deliver reliable forex quotes through their accurate market indicators. The technology infrastructure of AxiTrader is built with advanced trading tools.

While using your demo account, Axi will provide you with a dedicated account manager to assist you and answer any questions you may have. The demo account is an opportunity to experience Axi’s services without risking your money, but the 30-day limit is unusual – many brokers offer unlimited demo accounts . The MetaTrader 4 trading platform is a key part of AxiTrader’s offering. It does an excellent job of providing auxiliary services, including the Autochartist Plugin and PsyQuation Premium. AxiTrader runs its in-house research to help its users with bankable insights. At the same time, it constructs educational infrastructure to train and upskill traders on new features and strategies.

It delivers more security compared to its ASIC-regulated business. Client deposits remain segregated at both, but Axi also protects traders via negative balance protection. CFDs are complex instruments and pose a high risk of losing money quickly due to leverage. 70% of private investor accounts lose money when trading CFDs with this provider.

AxiTrader provides a range of trading platforms, and various funding methods, with average spreads and excellent customer support. We noticed that Axi has low forex fees, and deposits and withdrawals are free of charge. Axi also extends to fees and spreads, with no fees on deposit or withdrawal.

Axi Blog

We use dedicated people and clever technology to safeguard our platform. Our team will reach out to you via email to give you an update regarding this matter. This essentially means that you can’t lose more than you deposited with Axi. For instance, if you open a position and you are stopped out, and the loss is more than what your account holds, Axi will cover the difference and bring your account back to zero.

• It is important to note that high leverage has an inverse effect as well, where it could work in reverse of the trade.
• You can choose from the standard or pro accounts that are flexible depending on your individual needs.
• You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital.
• However, it all comes down to what you require to be effective.

However, you should take into consideration that demo accounts are only valid for 30 days. This software continuously analyses your trading performance, https://forexarena.net/ specifically your trading style. It then compares the data and provides intraday charting and current updated performance impact analysis.

Bank transfers may take a few business days to clear whereas card payments and e-Wallets can be instant. You can trade commodities without needing to purchase the physical asset as you are simply trading on the price movement of the underlying asset or instrument. Some of the most popular traded commodities are gold, silver, oil and gas. Commodities are often used as a way to diversify a portfolio.

What Can I Trade with Axi?

It can send you notifications when a pattern is discovered and identifies possible support and resistance levels based on these patterns. The session map simply shows you the different markets opening and closing times. The automated trade journal can help to improve trade analysis by automatically recording your activity.

There is no special customer offers such as sign-up bonuses, reward points, or gifts like other brokers have. However, they do offer an affiliate and IB partner program, which you could potentially look at if they apply to your situation. “Axi has offices worldwide and is subject to the financial laws of numerous jurisdictions.

All markets and assets that Axi offers are available to trade on all three accounts, unlike some brokers that limit the number of tradable assets depending on the account in question. Their proprietary app allows clients to copy trade other users that are also on the platform, allowing them to essentially “invest like a top trader.”. When copying a trader from another member on the platform, the client’s account will duplicate their trades in real-time. With its secure and reliable trading platform, traders can access the markets with confidence and make informed decisions. Traders can diversify and do more when they have access to great markets and financial instruments.

Create your login via the Axi website, you will be asked for your name, email address, country of residence, phone number, and whether you want an individual, joint or company account. Although Axi only supports the MetaTrader 4 platform, it is truly customisable, with a range of tools and plugins that can be added to the platform to make it more powerful. An Australian FCA-regulated broker, Axi is well-known for being reliable and trustworthy. Keep in mind that although they do not charge any funding fees, there may be some third-party fees when using certain payment methods.

Deposits and Withdrawals

When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. Therefore the client money rules do not apply to the business currently undertaken by AxiCorp Financial Services Pty Ltd . 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 . Our ultimate guide to the Axi minimum deposit is updated regularly. You can use a demo account, watch high-quality videos and read great ebooks.

It also runs through the performance statistics of traders and helps them fine-tune their approach. Autochartist is not the most effective third-party plugin AxiTrader offers to its clients. The Autochartist plugin also serves as one of the most important tools for retail traders. It eliminates the conditions where retail trader accounts lose money. Axi has low forex fees, and deposits and withdrawals are free of charge.

I wanted to withdraw and close my account on the 19th May 2021 and went into client portal. I could not do it as it says that i need to provide bank details. I have already provided them the bank details 2 years back and i could see it stated in the bank details column with my bank account number clearly shown. The leverage on known financial instruments multiplies on AxiTrader, just like every other brokerage.

Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. 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. Overall, The minimum deposit amount required to register an Axi live trading account ranges from $0 USD – $25’000 USD. Overall, Axi offers a good range of news and analysis but there are some limitations. Some articles are only available via the UK or Australian websites, for example.

We are committed to the fair handling of reviews and posts regardless of such relations. Trading on AxiTrader Standard account, you only need to pay for the spread, which is the difference between the buy and sell price. I got my card cancelled due to fraud, but they don’t accept that reason and keep insisting to ad/ refund into the cancelled card…. I have explained the situation, and yet they dont seem to care and keep telling me to use the card…. I just dont uderstand why changing one card to another card can be this difficult, even using the same name. Secondly, most of the live chat person doesn’t know what they are talking about….

Traders get more value-added services at Axi, placing it ahead of BlackBull Markets in this category. Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade. Feel free to try Axias its trading fees are low and there are no deposit or withdrawal fees. Axi holds a comprehensive Client Money Insurance policy that provides retail clients with protection up to US$1,000,000.