We have set up the step by step process with screenshots to guide you through it. There are no withdrawal fees, and it will take from 1 to 3 days for the transaction to finalize. The withdrawal methods include credit card, debit card, bank wire transfers and epayment. Some of the base currencies you can deposit in are USD, GBP and EUR, but it will depend on the deposit method. You can choose between different methods such as a bank wire transfer, credit card, debit card or ePayments such as neteller or skrill.
Is Axitrader an Ecn Broker?
- Despite the MetaTrader 4 platform’s limitations, AxiTrader runs excellently for its traders by offering them the most cutting-edge trading tool – PsyQuation Premium.
- There is no lower limit on the deposit and withdrawal amount at AxiTrader in the UK.
- They do not accept clients from countries that are marked as high-risk or where trading is not permitted.
- The platform’s user-friendly interface provides seamless navigation, ensuring both novice and experienced traders can execute trades efficiently.
AxiTrader is licensed and regulated by the Financial Conduct Authority (FCA) as well as the Australian Securities and Investment Commission (ASIC). Remember, knowledge is power, and it will be one of your allies while trading in the fast moving market. You are the owner of your destiny, but trading should be managed responsibly. It is always a good idea to constantly educate yourself in the finance world since it can change from one second to another. When you have included all of your information, they will verify your information before you have access to your account.
Max Leverage Comparison
They offer competitive spreads, fee-less deposits and withdrawals, advanced tools, and support for the popular MetaTrader 4 trading platform. The customer service https://traderoom.info/is-axitrader-truly-a-trustworthy-firm/ of Axi Corp (Axi) has also won awards thanks to its 24-hour day customer centre. This is only closed on the weekend when currency markets are closed.
Trading Instruments
The spreads are some of the best I’ve seen, which helps in reducing trading costs. The educational resources are comprehensive, helping me to stay informed and make better trading decisions. The market analysis provided is spot-on and has been invaluable in my trading strategy. Axi broker is a great choice for any trader looking for a reliable and efficient broker. I like the trading experience at Axi as the Pro account offers raw spreads from 0.0 pips for a commission of $7.00 per round lot. I also appreciate the swap rates, which accurately reflect the global interest rate environment, free of excessive broker mark-ups, as evident at many brokers.
AxiTrader Deposits & Withdrawals Services
Axi have an economic calendar that gives you details on upcoming news events which can be filtered by trading instrument, date and impact. The automated trade journal can help to improve trade analysis by automatically recording your activity. If you want to find areas in which you can improve, this is a great tool. 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. You can still set standard alerts in the MT4 platform which do more or less the same thing.
Start Trading Now with Axitrader
A client may receive up to €20,000 per client if the broker does not comply with any Financial Commission judgment favoring the client. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. I am really very disappointed with this company which proved to be a scam. You have wasted my time and money and all my efforts to make some profit. As a client, you may also enjoy the possibility to have account base currency in GBP, USD, EUR, CHF, or PLN and deposit funds in those major currencies as well.
Their webinars, tutorials, and market insights have enhanced my understanding of forex trading, making it accessible even for those new to the market. This commitment to education sets Axi apart as a broker genuinely invested in their clients success. It offers in-depth articles on various trading topics to help and support traders improve their trading results. Another advantage is that the broker groups the education material according to certain topics, to help both beginner and professional traders find the information they need easier. During liquid times the spreads may go as low as 0.0 pips, and the broker truly adheres to ensure costs at the most competitive available.
However, We always encourage traders to test brokers with a demo account or with a small deposit. Once you are satisfied with the trading conditions of the broker, you may proceed with real trading. This is the most widely used version of MT4, with millions of traders across the world using it to trade the financial markets. Axi’s entire range of trading https://traderoom.info/ instruments is available via the high-performance MT4 interface. Axi MT4 has the benefit of having invested in co-located servers and fibre optics for speedier trading. Yes, scalping is allowed by Axi meaning if you are a scalper then the broker is an excellent choice thanks to the supportive environment, low spreads, and fast ECN execution.
In this review, we will take an in-depth look at AxiTrader, exploring its features, pros, cons, and more. By reading this review, you will gain a better understanding of whether AxiTrader is the right broker for your trading needs and preferences. It is a non-dealing desk broker and does not pass orders to market makers. Instead, their orders are derived directly from liquidity providers, preventing it from trading against its clients. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice.
Depending on how the market develops, customers can trade both long and short. Here, too, the leverage can be used flexibly to better assess the risk. In 2012, the company received its first award for the “Best Spreads” at the China International Online Trading Expo. In the same year, the subsidiary AxiCorp Limited (the trade name is AxiTrader UK) was founded in London, which is regulated by the British financial authority, FCA. Since then, customers in Germany no longer trade directly through the Australian-based broker, but rather through the London subsidiary, AxiCorp Limited.
While Axi has three well-regulated subsidiaries, most international traders will deal with the unregulated unit operating from St. Vincent and the Grenadines. Since Axi has an exceptional reputation, I do not view this as an issue. Axi is a member of the Hong Kong-based Financial Commission, featuring a €20,000 compensation fund. A $1,000,000 client money insurance policy is also in place, making the unregulated St. Vincent and the Grenadines unit the best-protected one with the best trading conditions. I like that there is a generous selection of deposit and withdrawal methods for us to choose from.