While Japanese Yen pairings go out to two decimal places, most currency pairs will go out to 4 decimal places. Last year, the broker also welcomed England International John Stones as the company’s Brand Ambassador. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I was taken part in trading competition at the end I won 12th position. Some participate won good positions by the break the rules of Axi.
the support team are doing the amazing…
Traders from Malaysia, Singapore, and Canada may also open accounts at Axi, but US traders cannot trade at Axi. The only requirements are name, country, e-mail, phone number, and application type, which took me less than 30 seconds to complete. New accounts require verification, following well-established industry practices. A copy of the ID and one proof of residency documents generally satisfies this step and completes KYC/AML stipulations. Whether you’re studying the principles of Forex, trying out new methods, or searching for expert trading advice, the eBook series may help you increase your market knowledge.
- Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section.
- Axi charges no fees for funding and withdrawals to your trading account.
- Use the economic calendar to keep track of any important future events that may have an influence on the market in which you are trading.
- Axi is a member of the Hong Kong-based Financial Commission, featuring a €20,000 compensation fund.
Businesses
Besides competitive trading costs, Axi offers traders the third-party trading analysis platform PsyQuation. It can help traders improve their performance, which I find an excellent tool. Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature. More widely axi review traded currency pairs, like the forex majors (see above), have much smaller spreads due to the high volume of trades happening in the market. Exotic currency pairs will see higher spreads because their volume of trading is much lower. In forex trading, currency pairs are the instruments that are analysed and traded.
Copy Trading
Autochartist provides the bulk of research content at Axi, but the Axi blog also features a weekly market review. It is well written and features charts with easy-to-understand trading ideas. Axi Overview https://forexarena.net/ – A competitive trading environment for algorithmic trading and scalpers. With Axi’s MT4 video lessons for beginners, you can learn how to utilise the world’s most popular trading platform.
These trusted sources give us access to a wider pool of liquidity. Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account. During the London-New York overlap session, I received a 1.1 pip spread for the EUR/USD or $11 per 1.0 standard lot.
The edge for thousands of traders in 100+ countries
Also, the broker provides a free trading course for beginner traders. Axi offers over 130 trading instruments from popular asset classes such as forex, CFDs, stocks, indices, commodities, ETFs, and bonds. However, some trading instruments might not be available, depending on the country you live in. When you have a standard forex trading account with Axi, you will not be charged fees or commissions and you can use your account as much or as little as you like.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. With the available videos education, it didn’t take long to get acquainted with the functions and order placement. Just hope Axi can improve the charting to be able to see the high/low readings of individual candle bar. Just done a withdrawal and waiting to see how that goes and how long it takes. But ill be back in a month or so to do another review on how I get on. We arm you with a range of markets to help you find your next opportunity.
Axi charges no fees for funding and withdrawals to your trading account. We implement high industry standards of encryption to ensure your account is fully protected. Browse our trading account types to see which one is the best fit for you. Customer support had lot of excuses and blah blah not making your withdrawals. I have been trading with Axi…good broker..fast execution…deposit has been easy…not yet try withdrawal…should be fine i guess… Shadow the world’s best traders and never miss a beat with these helpful trading tools.
Return my money and close my account as I’m not interested in continuing with this kind of company that does this kind of unethical practices. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
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. Traders have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.4 pips, carries costs roughly three times above that and beyond. It is an expensive account, and I recommend traders opt for the Pro alternative.
Simple for beginners and full of advanced tools for pros, the MT4 platform helps you unlock new trading opportunities. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Axi Pro account. All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds. I can highly recommend Axi, particularly the unit operating out of St. Vincent and the Grenadines, due to it.
While Axi does not offer deposit bonuses, it presently maintains two promotions for affiliates. Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy. I also believe that the trading conditions at Axi are better than any deposit bonus and the absence of it non-essential.