AxiTrader has a Trust Score of 83, compared to the industry average of 83, and BrokerNotes.co considers AxiTrader to be Trusted. The research section with the broker only provides access to aneconomic calendar and no other insightful research tools like other major brokers. 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 axitrade as well. AxiTrader’s Overall Ranking is 7.9 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers. This ICMarkets and all other broker reviews on this website are conducted fully independently by a team of professionals. No, as an Australian based and ASIC regulated broker, IC Markets does not need to comply with ESMA regulation and limits.

The broker is known to harvest the best out of the Autochartist MT4 plugin, its VPS hosting, and the PsyQuation Premium service. According to the regulator, AxiCorp Financial Services Pty LTD lacked some proper procedures and resources, on account of which its license is set to remain suspended until the broker rectifies the violations. In January 2020, the Australian Securities and Investments Commission also revoked AxiCorp’s license for non-compliance with its regulatory demands. The company had made four different counts of brokerage violations under the regulator’s Financial Conduct Act 2013. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

AxiTrader is divided into 3 accounts – MT4 Standard Account,MT4 Pro Account, and Elite Account. Leverage is a quite 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.

The broker is licensed by top-tier regulators ensuring clients’ safety and compensation in case of insolvency. Pepperstoneis another Australian based and ASIC regulated Forex and CFDs provider with a strong offering and excellent trading conditions. Unlike IC Markets, Pepperstone needs to comply with ESMA rules for their European clients because they are also regulated by the FCA of the UK. Yes, in our independent review we conducted multiple tests in regard to their online presence, security, tools, features and client support.

The broker offering is good but quite narrow and limited to only FX and CFDs. Also, the availability of some assets depends on the jurisdiction in which traders are registered. In this case, the client’s funds are safely kept in segregated accounts with top-tier banks and secured by compensation schemes.

A truly comprehensive range of tools, at AxiTrader’s mainstay MetaTrader 4 brings a very competitive technical solution to trade through market-making execution. Overall, we found that AxiTrader fees are relatively low or no fees at all. IC Markets can also be deemed as reliable because they hold client money in segregated trust accounts with several AA rated Australian banks.

Deposits and Withdrawals

For professional traders, the company offers to use the Next Generation of MT4 – MT4NexGen. The platform is filled up with better and proven features, which makes trading even better, and includes sentiment indicators, correlation traders, alarm managers, automated trade journals, and many more. This platform https://forex-reviews.org/ is available free of charge for clients who open a live account with a minimum deposit of 1,000$. To top up Metatrader 4, the newPsyQuation Premium platformis available for those traders that are looking for an even more advanced and higher performing trading platform than the standard PsyQuation platform.

While conducting our evaluations of online forex brokers, we’ve collected over 360 data points that track the research-specific features that are most important to traders and investors. AxiTrader offers 3 of those 5 features, whereas the average forex broker offers 3 of those features. AxiTrader received an overall rating of 7/10 in the research category, contributing to its overall category ranking of #54 out of the 62 brokers in the BrokerNotes database. Our experts find AxiTrader a reliable broker since it’s regulated by good regulations from top-tier FCA and ASIC. AxiTrader provides a range of trading platforms, and various funding methods, with average spreads and excellent customer support. We noticed that Axi has low forex fees, and deposits and withdrawals are free of charge.

It also brings down the high risk of losing money in the initial trades by simulating the outcomes of those forex trades. This regulatory suspension, however, has no impact on the international clients that AxiTrader LTD operates. Hence, AxiCorp LTD, which runs AxiTrader, has not suffered any license suspension. While these issues fall under its corporate umbrella, AxiTrader continues to work as a genuine broker, expanding its market share across the globe with every passing year. BrokerNotes is powered by a dynamic team of writers, researchers, content strategists, data analysts, editors, traders, and investors.

AxiTrader Alternative Brokers

A live chat can also cover some training topics wherein an expert answers the questions and satisfies them. Besides the live chat feature, an FAQ section educates the clients with reliable answers and improves their trading experience. AxiTrader also generates researched information from a market analysis section that taps into online content and runs a market commentary.

An oversight in the administration of this company has resulted in the suspension of its license. Users located in off-shore jurisdictions may not be subjected to this suspension order. For its regulatory limitations, AxiTrader is often considered to be a high-risk broker. The perceived high risk of losing money when trading on AxiTrader has been debunked in this review.

AxiTrader has no minimum deposit requirements, you are free to deposit any amount for its standard and PRO accounts. In terms ofeducational materialand trading resources Axitrader offers a selection of free webinars, video tutorials and eBooks as well as a standard economic calendar. No fees or extra charges apply when utilising these tools and resources. The broker also tries to allow for fast execution speeds where slippage is reduced to a minimum and Forex market access is being guaranteed at all times. However, our AxiTrader review highlights that slippage does occur quite frequently with any type of trades, which is a major drawback for most advanced and professional traders. An online trading course by AxiTrader is available for new traders, giving them access to all the tools that train them in becoming a better trader.

Test af Axi handelsplatform

From its pricing spreads to its key features, this AxiTrader review dives deep into the core of AxiTrader & highlights what the broker puts forth for its users. According to our independent database , the average forex broker offers 29 of the 37 products and features currently tracked for our offering of investments category. AxiTrader offers 30, which helped contribute to the broker ranking #56 out of 62 brokers overall in this category. Based on our Review and expert findings, AxiTrader is a trustworthy broker with a good reputation and excellent trading conditions, and attractive offers. We found broker’s low trading fees, also, traders can deposit as low as $1 since the broker doesn’t have any minimum deposit requirements, and overall conditions are good. Cryptocurrencies, such Ethereum, XRP, Litecoin, Dash, Stellar Lumens or others are not in the broker’s portfolio on offer.

• We noticed that Axi has low forex fees, and deposits and withdrawals are free of charge.
• Yes, in our independent review we conducted multiple tests in regard to their online presence, security, tools, features and client support.
• The leverage on known financial instruments multiplies on AxiTrader, just like every other brokerage.
• Besides the live chat feature, an FAQ section educates the clients with reliable answers and improves their trading experience.
• The use of these applications is suitable for specific circumstances, which is why AxiTrader clients must determine their use for their needs.

This AxiTrader review finds the training aspect of the software quite impressive. Outsourced training is further complemented by in-house educational content, which contains high-quality articles. It can build an online investment portfolio and organize trading accounts and help users monitor these accounts from a unified interface.

How long does it take to withdraw from Axi?

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Terrible FX broker – Every second T/P trade, has slippage tat increases with trade size. As well, you can strengthen your strategies by Authochartist, as an AxiTrader client getting free access to flexible charts through the sophisticated tool – PsyQuotation. Another cost you should consider while trading is a Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments. Typically, AxiTrader will charge Swap Fees on a Long Position and pay Swap Fees on Short Positions.

Facilitating these platforms and their rights reserved with AxiTrader make it a key recommendation in the trading community. Without these tools, implementing any trading strategy could render it useless. The MT4 WebTrader is best used to get a quick visual overview of the markets, study the charts, and monitor the existing trades. A full module of this web app provides dozens of indicators, which work as drawing tools for completing the order management functionality.