AXITrader Review Heavily Regulated Forex Broker

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• 20 mai 2019

In fact, traders may also require funds for meeting their business and personal needs. In the case of AxiTrader, the broker processes deposits instantly. However they may take as many as five days or even more for processing withdrawal requests. Also, you won’t have to worry about the security of your funds as the broker does an excellent job of transferring trading funds safely and securely.

They have made no attempt to address my complaint or offered any acknowledgement that charging dubious fees without prior warning is bad practice. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. AxiTrader is a STP broker which provides 2 types of account, Standard account and PRO account. AxiCorp Financial Services Pty Ltd is regulated by Dubai Financial Services Authority under a Category 4 license with a ‘Retail’ endorsement and is not authorized to hold client assets or client money. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. If anyone does short-term trading like me, please be careful.

You will be happy to know that they have the correct and full answers to your questions. All these provisions come together to ensure that new traders can learn what they need to know before signing up for an account. Even the education part is outsourced to the PsyQuation Premium platform that alerts you to mistakes while trying to make you a better trader. If you want to learn more, you can access additional information. Most of the research you would have to do is done by the Autochartist plugin and PsyQuation Premium tools.

What trading application does AxiTrader provide for trading?

At the first stage and as a new to trading, you also can open a free 30-day trial Demo account with a virtual cash balance of £50,000 to practice skills and touch a trading process in a “real”. The traders that follow Muslim Sharia rules are entitled to open a Swap Free Account that is not subject to Swap Fees on FX Major, FX Minor, and Precious Metals Symbols. AxiTrader Leverage as a regulated broker in various jurisdictions complies to provide different trading conditions according to regulatory obligations set. There is no minimum deposit at Axi, resulting in applicable requirements based on payment processors. All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds. I can highly recommend Axi, particularly the unit operating out of St. Vincent and the Grenadines, due to it.

Moreover, the integrated news service is also available in the mobile version of MT4. Today, the AxiTrader brand is regulated by FCA of Great Britain within the framework of the London organization AxiCorp Limited. It also has an ASIC license within AxiCorp Financial Services Pty Ltd .

AXITrader: Heavily Regulated and Reliable Forex Broker

Clients speak positively about fast support, professional terminals, a number of bonuses, the possibility of trading robots, etc. Many of them complain about the delay in time of withdrawal of funds. As an MT4-based broker offering dealer execution, AxiTrader provides a competitive price for a professional account while combining low spreads with a roundtrip commission per trade. This makes trading for advanced traders cheaper than a standard account. This means that it offers its customers products of MetaQuotes Software corporation, the developer of popular platforms MT4 and MT5 for desktops, mobile devices and web browsers.

Moreover, the broker doesn’t distract the customer with lots of account types and unnecessary frills. Taking into account a number of licenses of the company and good trading conditions, which it offers to users, demo account on the website axitrader.com etc., you can trust it and work on its platform. The fast execution of orders using CNS and Beeks NY4 also indicates the accuracy of data in its terminals. You can see a variety of traders’ feedback about AxiTrader online. There are a lot of positive comments, but there are negative comments too.

The Elite account offers the minimum spreads from 0 pips, with a commission of $3.50 round trip. Traders have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.4 pips, carries costs roughly three times above that and beyond.

In order for us to investigate this matter, please provide us with your full name, registered email address, account number, and the details of your concern. We’ll take this on board and get back to you as soon as possible. It is regulated by ASIC , FCA the FSA , DFSA , and a member of the non-government Financial Commission. Insurance up to $1 million by Lloyd’s is available for the accounts larger than $20,000. Feel free to try Axias its trading fees are low and there are no deposit or withdrawal fees.

Broker Types

The FCA and ASIC require the broker to ask you for some documents before giving you an account. Through its Australian entity, AxiTrader requires a minimum of $500 deposit for Australian residents to open a standard account. In the British unit, there is no minimum level for either the standard or the PRO. They are members of the first independent and self-regulatory organization called The Financial Commission, based in Hong Kong.

WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. axitrader review Online trading involves significant risk, and you may lose all of your invested capital. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Join Axi’s Facebook group now for all the market insights from professional market analysts. Find out more with AtoZ Markets Forex broker review of World markets. In conclusion of this AxiTrader review, we’d say that the company is quite solid in its offering, one of the best to be sure.

AxiTrader has no minimum deposit requirements, & every user is free to deposit any amount in the account. AxiTrader has developed this four-step simple process to meet the regulatory KYC requirements. New traders are likely to feel comfortable while opening an account with this process.

Here, discover more about the kind of leverage and spreads you can expect from the broker. AxiTrader offers the extremely popular MetaTrader 4 platform, which is capable of accommodating large volumes of trade. Axi’s trader education is better than most other ECN brokers, with detailed information in video and text format for both beginners and more experienced traders.

Been trying many Brokers out there

Axi holds a comprehensive Client Money Insurance policy that provides retail clients with protection up to US$1,000,000. This insurance coverage comes at no additional cost and automatically https://forex-reviews.org/ applies to all retail accounts with balances above US$20,000. It is important to note that certain products are only available from specific live servers on the MetaTrader trading platform.

• AxiTrader’s mainstay MT 4 trading software brings a very competitive technical solution to trade through the financial market to make a respectable profit for traders in every trading session.
• The broker delivers its services for hard and soft commodities, including 31 equity CFDs and 6 cryptocurrency CFDs.
• Since Axi is a MetaTrader-only broker, Android & IOS of the MT4 app are available for download from the Play store & app store respectively.
• You are provided with a 30-days free demo platform to train yourself.
• Remember, when you initiate a transaction or even if you intend to close one, you may have several questions running at the back of your mind.

This is the primary reason why this trading platform is considered safe as compared to other financial brokers. Lastly, customer service and user interface, I did find, as I said, a few bugs in their website when I decided to open my account, I couldn’t open it the first time. Plus, they have a super team of account managers, which you could contact and get help from. So I think that’s a good thing and they are more kind of personal with you, so you don’t kind of have to go through the whole organization to get support. You can just contact them one-on-one, and they’ll be happy to help you out, which is something I’ve not seen with most brokers.

A lot of investment, technology and market analysis goes into creating a successful online trading platform, which is precisely why one cannot blindly rely on just any online broker. As a trader, you need to collate some background details and information in addition to conducting an extensive research about the broker. It is also equally important to open a demo account with the broker as that provides you with a better understanding about their services, products and other offerings. This is exactly where you need the services and expert advice of an experienced or professional trader.

You can use this information to improve your analysis and trading activities in the markets. You are provided with a 30-days free demo platform to train yourself. AxiTrader is overseen by strict regulatory rules that require clients to fulfill compliance checks.

This selection is based on objective factors such as products offered, client profile, fee structure, etc. Axi has low forex and CFD fees, and deposits and withdrawals are free of charge. Trading Forex is risky, and each broker is required to detail how risky the trading o offering of the broker, and the trading conditions offered to clients, which are summarised in this review. There are no confirmed negative data about the broker in the network.

Step 4 – Then Fill In This Form To Inform AXI You Want To Receive The Special Offer Here and they will credit the equivalent cost of the LTTTM course as a trading credit directly into trading account. Founded in 2007, AxiTrader offers flexible leverage, which becomes a high gain option for a trader. The manager assists the traders with the training of trading and other market information. AxiTrader’s world-class customer support and numerous awards can be attributed to its supremely salutary management. Further, the firm also launched its London branch in 2012, China branch in 2015.

The moment we noticed that AxiTrader was regulated in Saint Vincent and Grenadines, all of our scam alerts were blowing full time. As we’ve mentioned multiple times in other reviews, the FSA license is no better than no license at all. However, once we found out that the brokerage was owned by a credible corporation from Australia, all of our concerns were gone completely. 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.

We were also pleased to find that Axi is regulated by the FCA, a British regulator that provides a high level of investor protection. AxiTrader provides clients with the opportunity to trade on a Forex demo account. To use its 30-day free version, you need to register in the «Free demo» section of the website axitrader.com, specifying your initials, phone number and e-mail address in the form.