Online Trading Platforms Forex Trading Platforms
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 forex broker 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.
User Experience
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.
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.
People of any experience level can appreciate an accessible customer support team, a plethora of tradable assets, deep leverage options and the ability to plug in some useful third-party trading applications. This also extends to fees and spreads, with no fees on money transfers, and spreads across all Axi account types representing some of the most competitive in the industry. Axi has made giant strides since its inception in 2007 to become a top global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology. Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world. We believe in rolling our sleeves up and getting stuck in, being part of the communities where we live and work. We want to make the world of trading a better place, but we want to make other positive changes too.
To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. All new and existing clients have dedicated account management and access to customer support 24/5 via telephone, email, and live chat. Prices and exact services offered vary by provider, but some are free once you hit a minimum trading volume of 20 lots PCM. Axi has a carefully selected range of trading tools that all MT4 users will find useful.
Our Company
We’ve tested hundreds of Forex brokers to find the safest, low-cost, and reliable brokers. Check out these other guides to enhance your forex trading knowledge and skills. Explore more resources that fellow traders find helpful!
How Are The Best Forex Brokers Scored?
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.
It has a minimum deposit of 25,000 USD, spreads that start at 0.0 pips on the EUR/USD, and a commission of only 3.5 USD round trip, making it one of the lowest cost accounts in the industry. The Standard Account has the trading costs included in the spread while the Pro and Elite accounts offer tighter spreads and a small commission per trade. Axi’s range of financial instruments to trade is smaller than most other brokers. Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. 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.
- 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.
- We were impressed to find that both Axi’s minimum deposits and ongoing trading costs are significantly lower than most other brokers.
- Axi’s trading tools transform the MT4 platform into a state-of-the-art trading terminal.
- 75.6% of retail investor accounts lose money when trading CFDs with this provider.
Account Trading Costs
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 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.
Powerful platforms. You at the Controls.
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).
Open a Live Trading Account
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.
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.
What is a spread in trading, what is spread trading itself, and how to trade spreads? Fundamental tools, training resources, trading education and expert coaching to help you continuously improve. Get ready to stay ahead of the curve with our regular updates designed to help you make informed trading decisions. Don’t miss out on our weekly newsletter to further enhance your trading success. Join the conversation and discover insights that can help you navigate the exciting world of currency trading.
5: Add Funds
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.
- Explore more resources that fellow traders find helpful!
- Using highly sophisticated algorithms, it works like a trading coach, analysing your trading style, identifying mistakes, and helping you avoid making similar mistakes again.
- FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics.
- You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital.
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.
When you complete a live or demo application and create an account, you will be sent a link to download the platform on your preferred computer or device. Simple for beginners and full of advanced tools for pros, the MT4 platform helps you unlock new trading opportunities. MetaTrader 4 is the smart choice for online traders looking to hone their trading edge.
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.
