Axi has its strengths in the EUR/GBP market, offering lower average spreads than Pepperstone of 0.40 pips. Beginners will enjoy the standard MT4 and accompanying tools, especially those available from MT4 NextGen, while advanced traders and can connect directly with value-added third-party services. The first criteria that prospective Axi customers need to consider is their location, as Axi primarily operates in the UK and Australia due to the licensing it’s received from ASIC and the FCA.
When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiTrader is not a financial adviser and all services are provided on an execution only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. Important legal documents in relation to our products and services are available on our website.
Additionally, the Islamic Account provides access to the same features as the Standard and Pro Accounts, such as currency pairs, stocks, indices, commodities, and other assets. This account is a great choice for traders who want to trade with minimal costs while still following Islamic principles. In conclusion, choosing the right account type is a crucial step in your forex trading journey. It can have a significant impact on your trading conditions, costs, and overall trading experience.
- The alarm manager can send you customised alerts which is useful if you are monitoring multiple charts at once and do not want to be at your screen all of the time.
- The Standard Account is ideal for traders who want to trade with minimal costs.
- However, clients will have their personal manager, so they can call the managers directly whenever needed during the business days.
- They offer tight spreads, low commissions, rapid trade execution speeds and a range of different markets.
Axi (AxiTrader) is a MetaTrader 4 trading platform specialist provider with no minimum deposits and a good choice of CFDs. Axi provides five different account types, Standard, Pro, Elite, Islamic Swap-Free, and Risk-Free Demo trading accounts. The minimum deposit amount required to register an Axi live trading account ranges from $0 USD – $25’000 USD. Axi provides five different account types, Standard, Pro, Elite, Islamic Swap-Free, and Risk-Free Demo trading accounts. The minimum deposit amount required to register an Axi live trading account ranges from $0 USD – $25’000 USD. 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.
Open a real account with Axi
In the case of forex fees, it also depends on the Axi account types. However, the commission structure is $3.5 per trading lot, which also provides a low spread cost at the same time. CFD fees are not so high either; for CFDs, the trading fees are average.
- The education materials are videos, tutorials, tools, ebooks, tips, etc.
- It lacks the specialised features that can give you an edge in the market.
- This account offers no interest or commissions, making it ideal for traders who want to adhere to Islamic principles.
- The sign-up process is pretty straightforward and the website is very easy to navigate.
Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited. We are certified stock broker review & comparison website working with multiple partners. You can do a spot metal trade on the MT4 platform in the form of CFDs. An expert advisor can help out the newbie in this platform with their extensive knowledge and experience.
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These charges may range from 1.7% for the EUR/USD forex pair to 3.4% for stocks like the Vodafone CFD. As a global company, Axi operates in over 100 countries across regions like Asia, the UK, Western Europe, and Africa. However, you can’t open an Axi account if you live in regions like the US and Canada. Trading from the chart, Offers Hedging, and margin interest are its other key features. It also has a feature called one-click trading which means you will always get a hassle-free experience.
Axi Minimum Deposit and Withdrawal
A demo account is useful for beginner traders who would like to practice their trading skills before committing their own money. Experienced traders may also benefit from a demo account, as they can use them to test trading strategies before using them in the market. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts axi review lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. The best part is that upon reviewing the platform, trading data was 100% open instead of being restricted to a few percentages like most copy or social trading platforms provide.
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Before choosing an account type, you might want to consider things like how often you trade, the size of your investment portfolio, and your level of trading experience. Compare the Standard, Pro, and Elite account types to uncover differences in live forex spreads and leverage. Axi’s Standard Account type has no commissions and spreads from 1.1 pips EURUSD while the Pro trading account commissions of $7.00 and spreads from 0.0 pips EURUSD.
Axi FAQs
Keep in mind that although they do not charge any funding fees, there may be some third-party fees when using certain payment methods. Bank transfers may take a few business days to clear whereas card payments and e-Wallets can be instant. You can trade commodities without needing to purchase the physical asset as you are simply trading on the price movement of the underlying asset or instrument.
Myfxbook Autotrade is an online automatic analytics tool that connects with your forex trading account directly through your MT4 trading platform. It lets you analyse your trades and copy strategies from other traders. You can search for systems that meet your requirement by filtering statistics that matter the most to you. While the forex broker promotes spreads as tight as 0.0 pips for major currency pairs, generally average spreads are between 0.20 pips and 0.45 pips for major fx pairs.
However, a desktop platform is still one of the top choices of many traders. Axi is available all over the world; however, they don’t provide service in the USA, Iran, and Canada as regulations in those countries are much stricter. We will educate you about the features in this Axi review, though some features will not be available in some countries. The article reviews Capital.com, a website that allows users to trade stocks, forex, and more.
You can choose from a wide range of different trading instruments across multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs & ETFs. You will find stocks of the largest companies, popular cryptos and major currency pairs. Operating with integrity, honesty, trust and transparency is of the upmost importance.