The website is encrypted to ensure the safety of your personal information. However, it is lacking CFTC regulation, so Axi cannot provide its services to US citizens or residents. In summary, I concluded that AXI is suitable for day traders but less optimal for high-paced trading. The company is well-regulated, participates in The Financial Commission, and adheres to essential safety requirements. Recently, AXI launched its proprietary app, which is more intuitive and easier to navigate than MetaTrader. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
Leverage is a quite well-known instrument, which obviously multiplies the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. These charges vary depending on the trading instrument, position size, and market interest rates. We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts. However, it’s important to note that some of the products we discuss are from our partners. Additionally, expanding the video tutorials could help streamline the support process. I meticulously combed through Axi’s research tools and what I found is a reasonable range of features.
Axi Review
It’s designed to help serious traders scale their skills and profit potential through a structured, transparent pathway with no signup costs. As someone deeply involved in prop trading, Axi Select has been a game-changer. The platform’s seamless execution and diverse array of trading strategies have elevated my performance to new heights.
Axi offers an excellent range of trading tools that integrate seamlessly with the MT4 platform. Axi is an MT4-only broker, but this singular focus provides one of the best MT4 trading experiences in the world. Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017. Axi earns money primarily through spreads and commissions on trades executed by its clients.
Professional charting and analysis is possible
Their webinars are detailed, and the trading guides are well-structured for beginners. I especially appreciated the demo account feature, which allowed me to practice without any financial risk. Axi provides additional tools and features to enhance the trading experience and support informed decision-making. Finally, install the MetaTrader 4 platform or Axi Trading App on your device and log in using the credentials provided after account approval.
This can be compensated by free VPS hosting, but it is only available to Elite accounts against a minimum deposit of $25,000. Additionally, the MetaTrader 4 platform is quite cumbersome and not flexible enough for fast-paced trading. Axi holds multiple financial licenses worldwide and delivers reliable, fast execution by connecting to over 20 top liquidity providers. Additionally, with 24/5 multilingual, award-winning support and transparent pricing, Axi builds strong trader confidence and trust. No setup cost is required for the Standard or Pro accounts, and deposits start from as low as $5. However, the Elite account is for VIP traders, with a higher minimum deposit of $25,000, yet it offers lower commissions and premium perks.
Which Markets Can You Trade?
We apply a clear and transparent methodology to provide you with the most accurate and objective picture. You can read our detailed broker evaluation methodology to learn how we approach broker evaluation. With this broker, you can trade a wide variety of assets, and their main advantage is the low minimum deposit of just $10. Additionally, your funds are very safe as the IFSC Belize officially licenses the broker. Also, the broker is owned by a big company group with headquarters in Europe.
Analytical Tools
To keep costs low, AxiTrader does not widen the spread but instead charges a commission of $7USD round trip for each standard lot. This trading account is designed for beginner forex traders as it’s not a market makers account. This forex trading account spreads are wider than their Pro account however the account has no commissions. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. Axi is a commendable option for beginners, thanks to its provision of beginner education videos and the lack of a minimum deposit requirement, making it accessible for new traders starting out.
We also explored the trading assets and products Axi offers for beginner traders and investors who prefer not to engage in active trading. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Bullion Spot CFDs are also accessible against other quote currencies, such as the Australian dollar, Swiss franc, Euro, and British pound. In addition, precious metals are also available in the form of commodity futures CFDs.
Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. Axi provides access to many markets, featuring over 450 financial instruments to trade as CFDs. Axi offers a variety of trading accounts, each designed to meet different trading needs and preferences with competitive conditions. The Standard accounts are particularly appealing for those new to trading or those who prefer a simpler trading cost structure, as they come with no commission fees.
- Axi has support in 6 languages in around 12 countries that are trading with the firm.
- Axi Select’s commitment to ensuring fast and efficient trade execution enhances my overall trading experience.
- As many as 74% of all reviewers are satisfied with the broker’s services, assigning 5-star ratings.
- You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
- We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
In this review, I tested the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine various market developments from different angles and to exploit the underlying trading opportunities in multiple ways. The competitiveness of AXI’s fees varies depending on the preferred account type and the traded axi review instrument.
But we may not give Axi a 100% pass mark overall on fees since their commission fees of $7 per round turn for the Pro account are high compared to some of their competitors, such as Fusion Markets. While the Elite account offers lower commissions, it is available only to high-volume traders who can afford significantly larger positions. Axi also offers a swap-free account type for clients of the Muslim faith who do not want to earn or pay interest. With this account, trades in all available instruments will not incur nor be paid any swap or interest, in accordance with Sharia law.
Axi MT4 Multi Account Manager
The execution speed is excellent, and the variety of trading instruments available is impressive. While the educational resources are extensive, I would appreciate more live trading webinars. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps.
Supported by multiple regulatory licenses and numerous industry awards, Axi continues to deliver transparent, high-quality service to tens of thousands of traders worldwide. Moreover, the brand focuses on offering super competitive spreads, advanced tools, and reliable execution. Additionally, with a strong global presence and multiple regulatory licenses, Axi backs its promises with proven performance and award-winning service. Axi supports the use of Expert Advisors (EAs) on its trading platforms, enabling automated trading strategies.
- The easily navigable trading interface of AXI.com is one of its primary benefits.
- The broker employs advanced security measures, such as encryption technology and secure payment gateways, ensuring safe and secure transactions.
- Based on my direct experience, Axi’s demo account offers a realistic trading simulation on the MetaTrader 4 (MT4) platform with up to $100,000 in virtual funds.
- Axi has been operating for over 15 years, consistently fulfilling both trading and payment obligations responsibly.
- Overall, we found Axi offering adheres to access the online trading world with ease for fresh graduates, as well as sophisticated enough solutions for experienced traders.
Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Overall, Axi is a reliable and trustworthy broker for a wide range of active traders, but advanced traders looking for a broader range of assets with the lowest spreads will be better served elsewhere. Axi is a solid choice, mainly for those interested in forex and CFD markets, thanks to its competitive spreads and dependable MT4 platform. There are also helpful calculator tools to aid aspiring traders in planning their trades.