Established in 2007 in Sydney, Axi is a leading trading platform created by traders for traders. This Axi review was based on our trading platform comparison, focusing on broker features as a focal point. Axi supports MetaTrader 4 axi review (MT4), one of the most popular trading platforms globally. In the same process, they also changed their existing website from axitrader.com to axi.com to match its efforts to revamp the AxiCorp brand. Account managers assist with trades, forex training, and other market information.

• For scalpers, it is important to trade markets with the lowest spreads possible as they rely heavily on making many small profits throughout the day.
• Axi does lack a few CFD trading services such as stockbroking and Shares CFD services.
• Our Axi review found that the company offers ECN broker spreads.
• Top-tier customers can set up their elite accounts in one of four base currencies (EUR, AUD, USD, GBP) provided they meet the minimum balance requirement of $25,000.
• Axi supports MetaTrader 4 (MT4), one of the most popular trading platforms globally.
• Axi gives stock traders the flexibility to go long or short, enabling them to profit from both rising and falling stock prices.

Step 1: Open an account

• CFDs for indices enable traders to speculate on the basket of underlying assets’ prices easily.
• The broker provides demo and Islamic accounts and offers several educational resources to assist traders.
• The forex trading platform is very clean, and all the charts and other trading tools are easy to find and use.
• Axi customers have the opportunity to engage in soft commodity trading through Contracts for Difference (CFDs).

This forex platform is the most popular globally based on its functionality, ease-of-use and automated trading. This included comparisons to popular currency brokers including Pepperstone and IC Markets. There are two Axi account types that impact the fx broker costs when trading with Axi. Our Axi review found that the company offers ECN broker spreads. AxiTrader LLC is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market.

Axi fees compared to XM fees

You can view our guide to Axi Standard Vs Pro Accounts to help you determine which account is right for you. To keep costs low, AxiTrader does not widen the spread but instead charges a commission of $7USD round trip for each standard lot. This means that they don’t use a dealing desk but instead connect their clients with an ECN network so you can trade directly with global liquidity pools. We found Axi has a good selection of Forex pairs for trading via MetaTrader 4 (MT4).

However, you should also be aware that this is a volatile investment path, and the losses you incur can sometimes exceed the balance of your account. CFD trading with indices is another interesting investment opportunity for clients of AxiTrader. The platform provides real-time pricing on major contracts for Brent Crude and West Texas Intermediate. You are not required to purchase any physical quantity of the precious metal you wish to trade. When it comes to precious metals, AxiTrader enables you to trade CFDs on gold and silver. In 2016, the company boasted a trading volume of more than $100 billion per month.

What trading platforms does Axi offer?

If you are new to the platform, you will be prompted to sign up for free. The mobile version is rather simple to use, but if you experience any difficulties, you can always reach out to live chat support. The app also enables you to make better-informed decisions when trading. Axi clients can trade on the fly thanks to the native MetaTrader 4 mobile applications for Android and iOS. To start using it, you need to set up an account if you have not done so already. Then there is MT4 WebTrader, a lightweight version of the downloadable software that gives you instant in-browser access to your Axi account regardless of the device you use.

Platforms

If you already have an MT4 account, they will ask you to type in your account number. To start a conversation, you first need to indicate whether or not you have an MT4 account and provide your name. The chat is the easiest way to communicate with the support staff in real time.

First name, last name, phone number, and email are the main personal details the broker requires in order to initialize the account opening process. The spreads start from 0.2 pips on major pairs, but there is a commission of $7 round turn per 100k traded. Additionally, there is a free demo account and Islamic accounts available. It starts from a 25,000 USD initial deposit and is targeted at experienced traders with significant budgets. Axi has three account types available each for different types of trading.

This is a unique product that uses AI and Machine Learning to help our clients become better traders – think of it as a trading robo-coach for our clients. In summary, we’ve had a strong year, hitting a CAGR growth rate of 37%, surpassing $1.5 trillion in trading volume, and serving more than 30,000 active traders in more than 100 different countries. While these tools are great to help traders save time and increase their accuracy while trading, they still require a lot of attention, and caution is needed when following any signal. VPS hosting enables traders to run their EAs or automated trading software on the cloud 24/7 enabling them to fully automate the trading process without interruptions. Axi provides educational content on its website together with various tools that will help traders of all levels make more accurate trading decisions. MT4 is one of the best platforms on the market today as it offers not only advanced tools but also the ability to customize the platform according to user needs.

Axi fees compared to AvaTrade fees

You can set up an Axi account in AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, or USD. You will, however, pay a commission to cover aggregation and clearing costs if you hold a Pro account. As for additional costs, bear in mind that Axi does not charge extra for depositing or withdrawing from your account. If you are looking for speed, we suggest you use a card or one of the supported e-wallets. The time it takes to fund your account depends on the method you utilise. At Axi, customers can choose from a healthy range of banking options for deposits and withdrawals.

Fees

In addition to popular asset classes, Axi provides access to futures from various markets. The broker follows policies that support transparency and client safety. Axi is regulated by the ASIC, FCA, and SVGSFA, making it a legit broker and also part of a compensation fund, which offers refunds in case of insolvency. However, it is important to note that negative balance protection is only available for traders under certain regulatory jurisdictions.

Customers can choose between two types of live accounts, standard and professional. Approved traders are then issued a special trading notice that outlines the general conditions of swap-free trading with Axi. Traders who profess the Islamic faith can open swap-free Islamic accounts where no interest is paid or earned from their trades. Account holders gain access to exclusive indicators, in-depth market analysis, and VPS hosting services that are otherwise unavailable to regular customers.

This means that you will need to find a share trader provider in addition to Axi as your CFDs provider. This means that in addition to classic currency pairs such as AUD / USD, GBP / USD and EUR / USD, there are also minor and exotic pairings. Ways to withdraw funds include a bank account, Neteller or Credit Card,  with some anti-money laundering regulations involved. Withdrawing funds from an Axi MT4 account is secure, fast, and the transaction fees are low to none. Axi is viewed as a trustworthy and professional broker by most of its clients

Armed with this tool, customers of Axi can copy the trading strategies of thousands of fellow traders and place trades automatically. Using MetaTrader 4 with Axi gives you access to more than 150 assets across a varied range of financial markets, with all trades being executed at lightning-fast speed. Since this platform was created by Forex traders, it is only natural for it to offer Forex trading to its clients. The trading services provided by Axi are overseen individually by the financial regulators of the countries in which the platform is available.

For traders who are interested in opening a trading account for trading or practicing purposes, below are the steps required to open and operate a trading account at Axi. The demo account is free and useful for beginners to learn trading skills and experienced traders to test their new strategies. The leverage is the same for all three accounts and only depends on the asset class traded.

However, spreads on standard accounts vary depending on the commodity being traded. The platform offers trading on all major stock market indices, including the Dow Jones Industrial Average, the Financial Times Stock Exchange, and the S&P 500 Index. All information comes from providers’ websites with each provider offering free demo accounts to trial their offering and trading currency. Our most popular forex broker comparison tables are low fee, high leverage and bonus offers.