Axi Account Types: List & Characteristics 2023

Start the application process by filling out the details on the next page. The fields will require your full name, country, email address, contact, and application type. Traders can access articles with expert marketing tips and insights, trading updates and signals, and their personal trading activity history through the platform’s terminal window. These are obtained from non-trading actions you perform on your trading account. It claims traders on the platform can profit regardless of the price movements, but that depends on a lot, so a little caution is advised.

• For instance, the spread for forex pairs may be as low as 0.0 pips to as high as 690 pips (USD/KRW).
• It currently claims to handle 30+ of such assets through CFD contracts with competitive spreads and on a 24/7 basis.
• Furthermore, it allows traders to analyze their performance statistics in-depth to fine-tune their approach according to the results.
• The economic news is the major portion of interest among traders.
• The account operates from the MT4 platform and comes with $50,000 worth of virtual funds, access to real-time spreads, and a complete replica of the live market.
• Hence, you can find Axi’s other branches in London and China as well.

Email us at , we’re always looking to improve and welcome your feedback. You can see all your withdrawal requests and their status on the withdrawal page. If you would like to make a bank withdrawal, you’ll need to verify your bank account details. The applicant will be required to complete a simple application form and confirm their identification.

FxGrow Minimum Deposit

The specified inactivity period is 12 months, and the company levies the charge within thirty business days after it elapses. From there on out, continuous inactivity will attract said fee on a quarterly basis. The specific amount depends on the currency of your account. For example, for a JPY account, the fee is ¥1000, while a USD account will be charged $10.

In simple words, we have put together all the essential details about this online trading platform. Theminimum depositamount required to register anAxi account will range from $0 USD – $25’000 USD. Professional and non-EU clients are not covered by negative balance protection. Axi clients are provided free access to PsyQuation Premium, an AI-driven analytics platform to help you discover strategies for MT4. Below, you can see some of the many tools that are available, along with their short descriptions. It is important to note that certain products are only available from specific live servers on the MetaTrader trading platform.

On the next page, choose the option that best describes your level of prior experience with forex trading. The Axi trading platform delivers its desktop experience through the MetaTrader 4 platform from MetaQuotes Software Corporation. The MT4 platform comes in basic and MT4 Webtrader forms, but we will use the MT4, especially as it integrates very nicely with the Axi platform itself. However, it’s worth noting that the MT4 requires a bit of a learning curve as it has a lot more functions to explore. The conversion fees are charged for all trades involving instruments with a different currency denomination than the one on your account. The conversion fee is the exchange rate plus a markup obtained from liquidity providers.

Shares CFD

Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. We compare Axi’s fees with those of two similar brokers we selected, TMGM and Eightcap. This selection is based on objective factors such as products offered, client profile, fee structure, etc. 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.

However, the news section lacks charts and other visual elements. The stock index, commodity, crypto and stock CFD selection is average, although it is constantly expanding. Meanwhile, other products, such as stocks, ETFs and bond CFDs are not available. Axi hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid.

Our ultimate guide to the Axi minimum deposit is updated regularly. The general educational videos have great quality and cover a lot of topics, like trading psychology and forex trading. You can use a demo account, watch high-quality videos and read great ebooks.

On the plus side, forex fees are low, and deposits and withdrawals are free of charge. Account opening is easy and fully digital, without any minimum deposit, which is also great. You can also useCopy Trading, another social trading feature. This allows you to identify successful traders and follow their trades, which are then translated into real trades in your own broker account. To access this feature, you have to download the Axi Copy Trading platform, then link your MT4 account to it. After these steps you can start searching for traders to copy.

Axi summary

As well as that, it enables traders to run a thorough analysis of their performance statistics and fine-tune their approach accordingly. For retail traders, the Autochartist plugin can also be an essential tool to help them gain a competitive edge in their trading sessions. As a result, it eliminates the conditions which cause retail trader accounts to lose money in the long run. When deciding what broker to use, you would do well to start with a demo account.

With its high-end trading features, the company has been setting up a new trend for the traders. With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector. Changing the leverage is a very useful feature when you want to lower the risk of your trade.

In summary, the Axi broker offers competitive prices and award-winning 24/5 multilingual customer service- one of the best in the market. Additionally, there is no inactivity fee at all, and you are not charged for deposits or withdrawals for the time being. Axi does a great job of including a demo account in its online trading platform. This virtual account enables the new traders to build up a strong foundation in the trading fundamentals. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider.

Is Axi legit features all the key aspects you need to look at to see if a broker is safe and legit. Axi is regulated by multiple authorities globally, including the UK’s FCA and ASIC in Australia. Being regulated by several top-tier financial authorities is a great sign for Axi’s safety. Under ‘Learn to Trade’, you can find seminars and webinars to watch. However, we found that these are only scheduled for certain language pages, with many of them indicating loading errors at the time of the review.

Axi Trading Hours

Axi broker allows users to trade 30 of the most popular cryptocurrencies on CFDs, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash, using its platform. Trading these CFDs means you do not have to invest directly in the digital asset. Rather than speculating on the movements of the market, you will simply be trading on the movement of the price in real-time, which means you can earn a profit or a loss based on the price movement. You can deposit any amount you choose with Axi because there are no minimum requirements. However, even if you are trading with brokers with a low minimum deposit, many experts recommend adding between $100 to $200 to your trading account to ensure you get the most out of it.

Additionally, courses are offered in 24 different languages since everyone can participate in the global trading community. Crypto assets are highly volatile and tend to present higher and more constant risk than forex pairs, but Axi keeps a pretty decent portfolio of such assets for interested traders. It currently claims to handle 30+ of such assets through CFD contracts with competitive spreads and on a 24/7 basis. These assets include popular ones like Litecoin , Bitcoin , Ethereum , and Tether . Tradable products in its portfolio, and these include tradable currency pairs and their cross rates, bonds, cryptocurrencies, precious metals, stock index CFDs, commodities, and exotics.

Moreover, as the best CFD trading platforms in the UAE, several altcoins can be found within this platform, including Cardano, DogeCoin, Polkadot, EOS, Chainlink, and Stellar Lumens. It is considered one of the most trusted global brokerage firms offering its services to over 70 billion traders across 100 countries internationally. In addition, Axi is well known for offering attractive pricing, axi review free educational tools, and award-winning 24/5 customer service. The Axi broker was established in 2007 and has gained popularity among traders every since. In this Axi review UAE, we take a closer look at the platform, getting to know the ins and outs of the popular broker. Our article will include everything from the broker’s tradable instruments to its customer service and payment methods.

He also commends their dedication to high standards of practice, especially with respect to their market access and spreads, and he has no problems with the re-quotes. To withdraw funds from your trading account, these are the relevant steps. Axi has a proprietary trading platform based on copy trading that allows users to copy the trade moves and patterns of expert traders on the platform.

Yes, Axi is a great choice if you want to practice algorithmic trading with many features that will support your trading and provide you with a great environment. Furthermore, it allows traders to analyze their performance statistics in-depth to fine-tune their approach according to the results. Due to this, the raw spreads on the account are highly competitive, allowing this account to charge a high commission.

The account allows up to ten base currencies, namely AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD, with a minimum trade size of 0,01 lots and a spread of 0.4 pips. Other available services on this account type include steady trading news, analytics, and instant execution of trades. Axi offers traders a free demo account https://forexarena.net/ to practice trading without risking any real funds. The account operates from the MT4 platform and comes with $50,000 worth of virtual funds, access to real-time spreads, and a complete replica of the live market. The demo account typically has a 30-day expiry date, though users can potentially request an extension.

Answer a couple of questions that assess your level of trading experience. Axi has low fees for trading index CFDs, while stock CFD fees are average. To start the account application, the applicant can simply click on the yellow open account button located at the top right of the Axi webpage. The technical storage or access that is used exclusively for anonymous statistical purposes. The next page will contain fields for you to set up your order parameters, such as stop loss, take profit, and deviation. You will be required to set a strong password with symbols, numbers, and letters.

Look and feel

However, all your monthly financial statements are available to download at the Client Portal. You should click on ‘Financial Statements’ within the ‘Trading Accounts’ menu. Axi’s web trading platform hasgreat customizability.You can easily change the size and the position of the tabs. You can only deposit money from accounts that are in your name. We ranked Axi’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.