- 22/09/2021
- Forex Trading
Auxitrading Review Auxitrading Scam
Here are more details on the AXI spreads, commissions, and swap rate below. Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels. From axitrade market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape.
Although some customers have complained about the broker’s latency, they have praised the company for its low spreads and the good customer assistance it provides. The business has, on the whole, earned a stellar reputation among financial backers. Clients’ feedback posted publicly provide useful information about a broker’s reputation, dependability, and customer service. As a result, you will be able to make a more educated choice and be less likely to fall prey to scams or other dishonest dealings.
- However, we came across a post where a member suggested someone use AXI for the best trading experience.
- AXI lets you speculate over 70+ forex pairs like GBP/USD, GBP/JPY, USD/CHF, etc.
- Axi only offers the most popular MT4 trading platform on web, desktop and mobile applications.
- They provide step-by-step guidance on how to install and use the platform effectively.
- Trading broker regulations ensure that the entity meets strict requirements regarding transparency, client fund protection, and fair business practices.
- The term “non-trading fees” refers to expenses that aren’t directly related to your trading operations.
Auxiliarytrades Reviews 2
There is the option of a demo account to learn, whilst the broker also provides a variety of educational resources to help educate beginners so that they can make informed decisions. The broker has no deposit or withdrawal fees, tight spreads from just 0.0 pips and competitive commissions, all which make Axi stand out among its competitors. Axi provides access to the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are favored within the industry for their reliability and comprehensive range of features. Additionally, Axi offers its proprietary trading platform, Axi Mobile, designed to provide an intuitive and seamless trading experience across multiple devices. These platforms cater to a variety of trading styles and strategies, making them suitable for traders at all levels of expertise.
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Axi offers an excellent range of trading tools that integrate seamlessly with the MT4 platform. A well-regulated broker, Axi ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source. Note that Axi does not allow any withdrawals whatsoever by credit/debit card. They offer a “widish” range of assets when it comes to forex pairs, but their other asset lists are quite limited. Although many individuals around the world can open an account, there are still prohibited countries that are not allowed to trade with Axi.
Once your account has been validated, you may deposit money to begin trading. Verification can help ensure real people are writing the reviews you read on Trustpilot. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Axi has licenses from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines. Social traders may rely on Axi’s Copy Trading App, giving them the opportunity to find top traders around the world, and copy their trades.
- AXI is a pure MetaTrader broker that offers a complete suite of MT4 trading platforms across all channels, including web, desktop, and mobile trading platforms.
- Trading is not suitable for everyone and may result in you losing substantially more than your initial investment.
- Axi also offers a free demo account that allows you to hone your skills and trade risk-free with $50,000 USD in virtual currency.
- Yes, Axi is regulated by top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC) and the UK’s Financial Conduct Authority (FCA).
- To summarize, Axi has been a reputable broker in the trading industry for almost twenty years and offers a wide range of forex pairs to trade and a limited amount of other assets.
- However, the Elite account is for VIP traders, with a higher minimum deposit of $25,000, yet it offers lower commissions and premium perks.
Trading Tools
For instance, deposits made using credit cards and debit cards are processed instantly, while wire transfers can take three business days or more. The processing time for crypto payments might range from zero to sixty minutes. We’ll now explain the procedures you will need to open a trading account on the AXI platform. Even though you may complete the account opening requirements in just a couple of minutes, the full registration procedure can take anywhere from 2–3 business days. That’s because Axi must verify your identification before you fund your account or commence trading. To that end, we’ve outlined how to register on the Axi trading platform below.
🆚 AXI vs Other Brokers (Comparisons)
The Standard account at Axi is specifically designed to cater to entry-level traders, offering a no-commission trading structure which allows for cost-effective participation in the markets. It features competitive spreads that enhance the trading experience without the burden of additional transaction costs. Furthermore, the low minimum deposit requirement makes this account highly accessible, lowering the barrier to entry for new traders who may be hesitant to commit large sums of capital initially.
To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system. Axi is an MT4-only broker, but this singular focus provides one of the best MT4 trading experiences in the world. Axi’s range of financial instruments to trade is smaller than most other brokers. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.
AXI Review 2025: Fees, Platforms, Apps, Safety, Pros & Cons
Axi was founded in 2007 and has successfully operated in the financial services market for many years. By providing services for trading on the international Forex market and CFD (Contracts for Difference), Axi has become a recognized leader in this field. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. The broker is regulated by the UK FCA, which was recognized in the European Union before Brexit. Traders benefit from the regulatory protections offered by this authority.
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However, clients might feel captivated by the convenience of one-click trading. AXI’s desktop trading is made easier with helpful tools like sentiment indicators, correlation traders, alarm managers, and automatic trade diaries. The ability to automate trades with EA support is another perk that could appeal to customers. Those who prefer trading the markets from the comfort of their desktop can download and install the MT4 desktop terminal on their PCs. However, the broker doesn’t charge a swap fee from shariah practising traders holding Islamic accounts.
The trades for the Bitcoin cryptocurrency BTC have minimum and maximum lots of 1 and 10, with a single lot equaling 1 BTC. The company also has a branch in Dubai where it is regulated by the Dubai Financial Services Authority (DFSA). The platform is open to traders from New Zealand under a license granted by the local Financial Markets Authority (FMA). For traders who value reliability, regulation, and low-cost trading on a world-class platform, AXI is a compelling choice.
You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The Axi Select program and copy trading features have matured, now offering a more fluid and transparent experience, particularly appreciated by beginners and part-time traders. Axi continues to establish itself as a solid reference in the world of CFD brokers. The absence of MT5 is partially compensated by the integration of tools like Autochartist and PsyQuation. Axi must maintain an adequate level of capital and comply with high standards of transparency. Mechanisms such as negative balance protection are also implemented to protect traders.