The standard account will not charge you a commission on the lots but spreads will start from 1pip. The below table will give you an idea of the types of spreads that you can achieve with various different markets (in pips). In this Axitrader review we will take an in-depth look into the broker’s regulation, technology, fees and much more.
- Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
- AxiTrader employs a state-of-the-art execution model that ensures quick filling of orders without slippage.
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Account Types
Any accounts available for copying have not been authorised or approved by Axi. Founded in Sydney, axitrader review Australia in 2007 by traders, Axi has grown into a global brand with 60,000 clients from over 100 countries. Tools like Autochartist and MT4 NextGen are provided while the Axi Copy Trading app is for social trading.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.
- The Axitrader MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Axitrader platform to their needs.
- We watched the live spreads fluctuate by the second, for this AxiTrader review.
- With its user-friendly platform and competitive trading conditions, it aims to cater to traders of all experience levels.
- Which account you end up choosing will depend a great deal on your own personal preferences and trading experience.
- These are pretty standard for Forex traders and is used to mark all the important Economic announcements that are coming up over the coming weeks / months.
This is an MT4 plugin that is relatively easy to install and comes in 11 different languages. It is also managed from a single user interface which you can customize to suit your trading environment. While it is great that you have so many options for trading with the MT4, we would suggest that you err towards the computer client. This is because it is easier to complete your charting on this and there is also much less latency than there is on a web version. The MT4 platform is available to either be traded through your web browser or on the computer client. The latter is available for download on the AxiTrader platform and is available for both Windows and Mac machines.
Review and Reputation on Public Domains:
Furthermore, the potential for high inactivity fees could be a drawback if you’re not consistently trading. It’s also important to consider the limited funding methods available, which might restrict your ability to deposit or withdraw funds easily. Overall, while Axitrader has many positive features, understanding these disadvantages allows you to prepare accordingly. Prospective users should be aware of some disadvantages when choosing Axitrader. However, it’s vital to understand that the platform has limited educational resources available, which may hinder beginners looking to improve their skills.
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For GBP/USD it is 1.73 or 0.85 for Pro, and for the AUD/USD pair, it is 1.34 or 0.42 for the users of Pro accounts. This could be an attractive solution for those professional traders who trade high volume through their algorithms. Something else that you will most likely want to make use of is the Economic calendar. These are pretty standard for Forex traders and is used to mark all the important Economic announcements that are coming up over the coming weeks / months.
AxiTrader Mobile Applications
Please be aware that Axitrader does not currently support the MetaTrader 5 (MT5) trading platform. However, if you’re looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link. You should take the security of your personal information seriously and check SSL encryption is enabled on the Axitrader trading platform to protect you on PC and mobile Axitrader platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Axitrader web trading platforms. The Axi Copy Trading App is provided in partnership with London & Eastern LLP. Copying other traders carries inherent risks, such as the possibility of replicating poor trading decisions or copying traders whose objectives, financial situation and needs differ from your own.
It’s worth noting that the expiration date of the proof of address document may differ for different entities under Axitrader Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring Axitrader’s platform. Furthermore, learning how to mitigate and manage investment risk is crucial.
The Relevance of Low Commission Forex Brokers
It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app. Another highlight from Axi is that, in October 2024, they launched MT5, with plans to launch MT5 globally within a few months, becoming even more competitive with their offerings. Axi also provided its traders under AxiTrader with the MT4 MAM module for account management. Holding over 16 years of experience in global financial markets, and 4 B.A. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using…
Can you make money with Axitrader?
They mix hard and soft commodities, offer 31 equity CFDs, and six cryptocurrency CFDs. AxiTrader has its pros and cons, but it is a reliable and trustworthy broker, especially if you are interested in spread betting. We encourage you to get started at AxiTrader on a demo account and then move on to live trading. AxiTrader offers support and service to its clients whenever they need it.
In order to further sweeten the deal for all of the traders, Axitrader has built in integrations for a number of third-party trading services. What really put the cherry on top for us was the fact that they were quite open to traders visiting their account managers at the offices. This adds further weight to their “personal touch” argument but you will have to call prior to arriving to make sure that they manager is present. They have over 10 different toll-free numbers that you can call any time of the day (Monday-Friday) should you have problems with your account. These are based in a number of different regions which means that you will get local language support. Which account you choose will depend to a great degree on your trading volume and experience.
The broker will request some proof and they’d have the right to accept or deny your request. Throughout our comprehensive Axitrader review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality. Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose. However, remember that you won’t be able to make trades on Axitrader until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the Axitrader KYC compliance process as soon as possible to avoid any delays in accessing the Axitrader platform’s features.
Renowned for its robust trading platform and competitive offerings, this broker attracts both novice and seasoned traders alike. In this article, we’ll delve into the various aspects of AxiTrader, providing a balanced view by examining its strengths and weaknesses based on factual information and user reviews. Mobile trading with Axitrader brings you the convenience of accessing your trading account anytime, anywhere. Their mobile application is designed to mimic the desktop experience, ensuring you have all the crucial tools you need right at your fingertips. Notably, it offers features such as real-time market updates and instant order execution, which are crucial for making well-informed decisions swiftly. However, be aware that a stable internet connection is vital for optimal performance, as any interruption could affect your trading efficiency.