It offers low-cost trading with best in class risk tolerance limits and different types of assets to choose from. In general, users report their Axi opinions of the Demo account to be extremely positive and full of useful experiences that prepared them for live trading. Besides being able to easily understand the pattern of price movements through Autochartist, Axi also provides easy access to sophisticated trading tools under the name of MT4 NexGen. The advantage of this platform is to find out trading sentiments, Market Insights, Correlation Traders, and Alarm Managers. With this technology, traders can easily access super-fast networks and can handle any high-frequency inflows to scalping. When it comes to the trading account types, Axi offers two accounts initially, which are the Axi demo account and the live account.

• The specified inactivity period is 12 months, and the company levies the charge within thirty business days after it elapses.
• Axi offer weekly free webinars which cover a range of topics ranging market analysis, trade management, trading psychology and much more.
• In addition to being interest-free, this account type is also swap-free and features customer service and high trust and regulation.
• It is an expensive account, and I recommend traders opt for the Pro alternative.
• We have over 20 years of experience when it comes to trading online so we know what to look for.

Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally. We are not liable for losses that resulting from the information provided on our site. On its website, Axi markets itself as a broker built by traders for traders. They want you to have the fastest execution live speeds, the tightest spreads, and the best trading tools.

Fees and Commissions

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Axi does not disappoint in the fees and spreads department as well.

Axi platform provides a comprehensive feature of the MT4 platform, which is available on all devices with any operating system. It is also possible to see all the previous webinars on Axi’s YouTube channel enabling traders not to miss their lectures. Bullion refers to trading metals, and with Axi they are traded as CFDs.

As a result, the broker makes use of a shorter, therefore faster, connection. This simple approach results in faster execution, more accurate pricing, and minimal slippage. Another benefit of Axi’s execution model is direct order filling with no requites. Apart from Forex trading, Axi allows traders to buy and sell over axi forex broker 150 financial instruments across different asset classes. But, 130 financial instruments cannot compare with what its major competitors, such as IG or IC Markets, offer. Also, we found that Axi has a bit limited diversity of asset classes, as it does not offer CFDs on bonds, futures, options, or interest rates.

Tools

Because of the years of experience under their belt, the broker has built up a trader base of over 60,000 clients from 100 countries. Furthermore, the broker holds several awards for offering competitive spreads and trustworthy services to international and Asian clients. Let’s dive in and analyze Axi in more detail to see if it is if the broker is one that you need to know.

When was Axi founded?

You can use a credit card, bank transfer or an online payment processor such as Neteller, Skrill, FasaPay and Sofort. They are also one of a few brokers that accept cryptocurrency payments with Bitcoin. The pro account also has variable spreads starting from just 0.0 pips with a commission of $3.5 charged. This account may be preferred if you need the tightest possible spreads. This may be the case if you are using a scalping system that looks to take advantage of minor price movements. Axi have a generous range of trading instruments for you to choose from.

How do I contact Axi customer support?

The conversion fees are charged for all trades involving instruments with a different currency denomination than the one on your account. The conversion fee is the exchange rate plus a markup obtained from liquidity providers. While forex and crypto trading involves trading in currency pairs, commodity trading involves trading in raw materials such as oil and precious metals like gold and silver. Of course, both forex/crypto and commodities involve the use of leverages, but the former requires a lot more leveraging than the latter.

Pros & cons of Axi account types

The broker lags from its competitors in the industry in terms of providing multiple options of trading platforms. Axi only offers the most popular MT4 trading platform on web, desktop and mobile applications. Trading with MetaTrader 4 is free of cost, and traders can easily download the trading platform on desktop or mobile devices. If you are looking for a better selection in terms of platforms, Pepperstone provide MT4, MT5 and cTrader.

This type of account comes with a round trip commission of $7, spreads from 0.0 pips, no setup fees, and a minimum lot size of 0.01 lots. Traders can open the account directly or upgrade from a standard account. Axi is an award winning, regulated online broker created by traders for traders. They offer tight spreads, low commissions, rapid trade execution speeds and a range of different markets. Advanced platforms and trading tools ensure an excellent trading experience. Users with this type of account will have access to 80 currency pairs, no commission trading, as well as no minimum deposit requirements (unless they start working with a promotion).

For your information, Axi is one of the leading brokers on the top forex brokers list. However, initially, they focused on retail clients in 150+ countries. They post great content that included market commentaries that give traders all kinds of ideas on how to think about the trades. If you combine that with what is provided by the Autochartist plugin and the AI-based PsyQuation Premium tool, you end up with a package that can get you through most trades. VPS hosting ensures fast execution and no downtime by making sure your platform keeps running 24 hours a day.

Deposit options for client funds include bank transfer, credit card, MasterCard, Skrill, BPAY, China UnionPay, bank wire transfer, MoneyBookers to Neteller can be used. For people having AUS bank accounts, the withdrawals do not attract any type of commission. However, the broker can charge anywhere between 15 and 25 dollars for people having international bank accounts.