This support will help you get started and learn how to trade at any time of day that suits your schedule. While using your demo account, Axi will provide you with a dedicated account manager to assist you and answer any questions you may have. Axi offers a demo account with a virtual balance of 50,000 USD that remains open for 30 days. It also offers a free demo account, but it expires in 30 days. Overall, not as in-depth as you may expect from a broker of this type, but all analysis is solid and well-written. The regular analysis includes a weekly market preview, charts of the day, charts of the week, and a daily briefing on the market open.
Axi’s Educational Material
We were impressed to find that both Axi’s minimum deposits and ongoing trading costs are significantly lower than most other brokers. But by trading with Axi’s FSA registered subsidiary, traders will have much fewer protections than they would with other brokers An Australian broker with an excellent reputation, Axi is an MT4-only broker with three low-cost trading accounts and some of the best trading tools in the industry.
No Digital Wallet Required, No Custody Fees
Axi Select aims to provide a holistic trading environment, where you can gradually build your skills, and easily track your progress. The Axi Select program is only available to clients of AxiTrader Limited. Receive funding in a separate Allocation account from $5k USD to $1 million USD. Evaluates your proficiency in managing risks effectively.
Axi combines leading ECN trading conditions on the pro account with world-class regulatory oversight. Other highlights include a detailed and well-structured course for beginners and leading market analysis for all clients. The platform current supports clients from 150 countries. For traders of any experience level, Axi represents one of the most reliable options around. Right clicking on the instrument on the left-hand list is faster, or you can select the instrument and then see its chart update in the main window, and then use the bottom trade window to adjust the particulars of your position. Using web wallets or credit card is far easier, and once your account is verified and funded you can begin trading by clicking on Web MT4, though downloading the application itself is recommended for a faster experience.
Copy Trading
Axi Select welcomes traders with different abilities, strategies and experiences to make their way to the top through six progressive stages and benefit from profit-sharing up to 80%. To retrieve the correct bank account details, select “Bank Transfer”. Once you’re logged in, you’ll have a range of options to manage your Axi trading account. This email will contain your login information, which will include your trading account number (MT4 ID), password, and the server on which your trading account is located. To get started, you’ll need to set a password and fill out some sections like the trading account you want to sign up for and your experience with trading. It will require you to submit your full name, country of residence, mobile phone number, email address and select the appropriate account type (individual or joint).
- Here’s an example of what happens when you choose to fund your account using “Mastercard/Visa”.
- We’ve put together some useful videos to walk you through the ins and outs of our MT4 platform.
- Stay on the ball with Autochartist, a software that automatically scans the market and spots opportunities – with insights formulated from market movements.
- While using your demo account, Axi will provide you with a dedicated account manager to assist you and answer any questions you may have.
- Solaris EMEA Limited (Axi EU) provides its services exclusively to clients residing in selected countries within the European Union.
Discover popular markets to trade
Discover how to enhance your MT4 trading experience with our range of advanced tools and analytics. Fundamental tools, training resources, trading education, and expert coaching to help you continuously improve. You do not own, or have any interest in, the underlying assets.We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary.
Without negative balance protection, it is possible for Axi’s clients to lose more money than is held in their trading account Axi’s range of financial instruments is slightly limited compared to other brokers, but it offers over 70 Forex pairs and we were pleased that it recently added 50 global share CFDs. Though unlocking some features require a minimum balance, you’re not required to deposit anything for full membership, and the extra features aren’t required to trade.
5: Personal Details
Using highly sophisticated algorithms, it works like a trading coach, analysing your trading style, identifying mistakes, and helping you avoid making similar mistakes again. The market scanner provides statistically significant market movements and identifies important price levels that are catalysts for market movements. Autochartist’s advanced pattern recognition engine identifies the strongest potential trading opportunities and predicts future price movements. We tested Axi’s MT4 app on an iPhone 15 and found that it synced well with the desktop and web trader versions. Axi offers a decent range of trading instruments with average leverage.
Wide range of markets
Please note that to withdraw funds, you will need to have at least one bank account saved and verified. You will see the following details appear (the bank account details will adjust automatically to display the correct option). If you choose to fund your account by bank transfer, please keep in mind that it might take 2-3 business days for the funds to arrive and be credited to your MT4 account. Once the payment has been processed, the funds will appear in your MT4 account almost instantly. Here’s an example of what happens when you choose to fund your account using “Mastercard/Visa”. Deposits by debit and credit card are generally instant, while deposits by bank transfer can take up to 2-3 business days or more.
Axi Select is a unique capital allocation program that was specifically designed to help you succeed as a professional trader. By accepting the Terms & Conditions and clicking “Continue”, you will be taken to a page where you can specify a preferred bank account and the amount you wish to withdraw. To withdraw funds, select the “Withdraw Funds” option in the menu. As soon as your bank account has been verified by our team, you’ll be able to withdraw funds instantly for future transactions. Adding a bank account is easy and only needs to be done once! If you don’t have a bank account already saved, you will need to do this in the “Bank Account” section within the Client Portal, which will display the following page.
There are no fees charges on deposits or withdrawals, though some supported payment methods like Skrill do impose a small third-party charge to Axi users. Accordingly, residents in relevant geographies can anticipate services that are airtight in terms of safety. The courses are led by CISI accredited tutors and are available for every level of trader. You can also apply leverage on spread bets and try out this type of account in a demo version to test its features first. Though they vary by instrument and account type, even on the Standard account average spreads are around 1.2, and this goes down to an average of 0.1 for Pro account members.
Small overnight and rollover fees are industry standard account features unless users opt for Islamic accounts, which are Shariah compliant and swap/rollover free. Axi complies totally with regulations mandating that customer funds are kept in segregated bank accounts, and that in the event of insolvency those covered under the FCA can get their account balances reimbursed by up to $50,000. There are few brokers regulated in both the UK and Australia, both of which represent some of the more demanding compliance jurisdictions in the world, but Axi is one of them. For their part, its clients are just as satisfied with the more simple and transparent trading environment. We help our customers find the edge they need to achieve their financial goals through informed transactions made on the world’s financial markets.
- But by trading with Axi’s FSA registered subsidiary, traders will have much fewer protections than they would with other brokers
- We believe in rolling our sleeves up and getting stuck in, being part of the communities where we live and work.
- Deposits by debit and credit card are generally instant, while deposits by bank transfer can take up to 2-3 business days or more.
- We do not offer services in jurisdictions subject to international sanctions or where local laws prohibit such activities.
- Other highlights include a detailed and well-structured course for beginners and leading market analysis for all clients.
With headquarters in highly regulated financial jurisdictions, customers can trade confidently knowing that the safety of their funds and personal information is kept securing, empowering clients to simply immerse themselves in the market. Additionally, in tandem with oversight from the Dubai DFSA, Axi ensures that traders from 150 countries can access the trading platform in a secure, compliant manner. These traders are protected with the countries’ strict rules and guidelines and should look to join Axi if they want to use the most established platforms like MT4, trade on margin, and prefer a low-spread model that only charges commission on its upper-tier account.
Executing trades and opening and closing positions is uncomplicated, and with the windows and buttons making it straightforward, you can successfully place trades several different ways. You’ll first need to provide government-issued ID, and if you plan on making a bank wire transfer then you’ll need to verify the account using your ID as well. Customers will also appreciate that Axi stands readier than most to respond to their inquiries and problems, via live chat, email, and several toll-free phone numbers.
Compare fees, and features—trade smarter with expert insights! Understand key terminology with examples and learn how to make your first successful trade. The radar chart to the left shows how important each category is when calculating a broker’s final score. The live chat agents were also responsive and highly knowledgeable.
Over-the-counter derivatives are complex instruments and come with a high risk of losing substantially more than your initial investment rapidly due to leverage. Independent beer maker BrewDog has been waiting for markets to recover before listing for an Initial Public Offering. Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets.
Axi offers three MT4 market-execution accounts, two with no minimum deposits and a professional trading account with a very high minimum deposit, but extraordinarily low trading costs. Founded by traders and with them in mind, this market-maker offers an array of tools and financial instruments that benefit any market strategy, and it doesn’t distract customers with a confusing jumble of account types or unnecessary frills. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. Explore the best Forex brokers for beginners, with axi forex broker user-friendly platforms, educational resources, and demo accounts. Elite account-holders also have access to exclusive market analysis, free VPS services, and specialised trading tools.