If yes, kindly send the account number with the inactivity fee to , and our Client Services Team will check it for you. Nonsense, as I have made 100s of wire transfers to brokers in Australia. Well, here is my feedback, closing my account and cannot be bothered no more. Please note as soin as we will receive the funds we will add to your axi trading account. When the bank does not accept the funds and the broker needs to recall money back this always can take longer and we do not have any power to speed the process as this depends on the bank and intermediate banks.
The research tools are limited as well which is another drawback for beginners. Axitrader provides traders with currency pairs, cryptocurrency pairs, commodities, and index CFDs. Axi provides traders with 50 currency pairs, six cryptocurrency pairs, 20 commodities, and 31 index CFDs. Equity CFDs are notably missing, which is a negative in my book as I trade them, but Forex traders have a good selection. Axi offers some of the best swap rates industry-wide, something I urge traders to consider who keep positions open overnight, as it makes a notable difference.
AXITrader Forex broker description
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 axitrader review 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.
Is Axitrader Safe?
The short answer is yes; AxiTrader stands out as a safe and reliable broker. So you can open an account with it by going through our AxiTrader review content above, where all aspects of this platform are covered.
And, hey, you could always swap to a different account if you needed to. What this means is that traders can, on many occasions, buy and sell assets within the exact same prices, which is definitely a lucrative proposition to any trader in Forex, stocks, or any other market. Being on the market for more than 13 years has taught AxiTrader that having the polished trading platform is an essential requirement for any broker.
Is AxiTrader Safe or Scam?
This is yet another area where AxiTrader emerges as a winner for sure. The broker has strong association and bonds with the leading banking and financial institutions, which means there won’t be any issues with regard to safety of your funds. The broker transfers all the funds deposited by the clients in safe and segregated trust trading accounts with top-notch banks. Another huge advantage with AxiTrader is that the broker has won several accolades and awards for its performance and services. Our experts also found that AxiTrader is compliant with FCA and is one of the most trusted brands in the forex industry.
If we look at how many brokers do not have a bonus policy recently, we can conclude that there is a no-bonus trend taking over te industry. Unfortunately, AXITrader is also one those brokers who do not have any bonuses at their disposal to cheer up their clients from time to time. Promotions are also not AXITrader’s cup of tea, except for the special Refer a Friend promotion which can earn you 130 GBP. If you register with this broker, be prepared never to get any extra trading bonuses. Bonuses are important to traders, but they still put security over the bonus policy which means that this reliable broker can probably get away with this shortage. AxiTrader trading platform provides its customers with a wide range of options like more than 80 currency pairs, and over 140 cross pairs.
- AxiTrader has built a respected reputation over the past decade or more and has no doubt helped many traders achieve their own goals in the Forex trading industry.
- At BrokerChooser, we consider clarity and transparency as core values.
- Other than that, they seem to take client trust very seriously.
- There are plenty of exotic and minor currencies available for trading on the platform as well.
I haven’t equivalent cost of the LTTTM course as a trading credit directly into trading account. 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. Note that the content on this site should not be considered investment advice.
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. The company had made four different counts of brokerage violations under the regulator’s Financial Conduct Act 2013. 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.
Who is the Most Trusted Forex broker?
- Best Forex Brokers.
- CMC Markets: Best Overall and Best for Range of Offerings.
- London Capital Group (LCG): Best for Beginners.
- Saxo Capital Markets: Best for Advanced Traders.
- XTB Online Trading: Best for Low Costs.
- IG: Best for U.S. Traders.
- Pepperstone: Best for Trading Experience.
Relatively high entrance threshold ($200) are the reason for speculators to hesitate from registering on the website axitrader.com. However, the authoritative regulation and storage of clients’ funds in segregated accounts in reliable banks gives many professional players confidence in cooperation with this organization. Besides, traders can also contact the customer support executives on the broker’s toll free number in Australia. Apart from this, the broker provides dedicated account managers to their clients who’re looking for personalized support and services for monitoring and managing their accounts. While, reviewing the broker’s customer support services, we discovered that they’re quite efficient in this particular area. It was easy to get in touch with their customer desk and acquire support from their customer support representative.
Our Broker Review methodology
The accounts are based off-of MT4 in general, as they’re called Pro and Standard respectfully. When it comes to the AxiTrader MetaTrader 4 software, it’s pretty much the same you’ll find anywhere else in the industry. 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 . In August 2016, AxiCorp announced that it had received significant strategic investments from RGT, a well-known Australian private equity company, to help stimulate global business growth. Mobile application allows you to implement trading from anywhere in the world.
I require that the amount be deposited in full, in this case, that the US$50.00 that this broker tries to earn illicitly be deposited. That is, the scammers of this brokerage try all ways to earn money illicitly. Your https://forex-reviews.org/ Axi Account Withdrawal Request has been processed and has been sent to your financial institution. Check out the current account balance requirements at Axi in our What is the minimum account balance at Axi article.
Is Axitrader an Ecn Broker?
Yes, Axitrader is an Ecn Broker.
Sometimes, without knowing the rules regulated by a broker, you can easily get into an unpleasant situation and even lose part of your capital. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
In most cases, the need to contact customer support arises when the AxiTrader user faces some minor issues in opening the account or managing multiple accounts. If new accounts lose money when trading with the software for the first time, the customer support staff connects them with experts for quick recovery. MT4 WebTrader also makes an ideal replacement for the traditional MT4 application in terms of functionality and mobility. The MT4 WebTrader is perfect for using its custom scripts to access a trading account on the go. The feature ensures that no trader accounts lose money when trading remotely from their mobile devices or web browsers.
I contacted their chat fully expecting, here are the bank details, please make your deposit, like every other broker in the world. However, here is their reply, “These are subject to regulatory standards and as per our company policy, deposit methods available will always be based on your country of residence. Axi has some drawbacks, though.Its product range is limitedto forex and CFDs, and its research tools lack recommendations and fundamental data.
Our accounts were approved within minutes, which is exceptionally fast for the industry. Although Axi only supports the MetaTrader 4 platform, it is truly customisable, with a range of tools and plugins that can be added to the platform to make it more powerful. At Axi, there are more pairs to trade than most other Forex brokers. These include majors (EUR/USD, GBP/USD, and USD/JPY) and minors (NZD/CAD, EUR/JPY, and GBP/NZD), and exotics (EUR/NOK, USD/SEK and EUR/ZAR). We were also impressed that beginners have access to high-quality, structured learning material and frequent market analysis.
AxiTrader – one of the best forex brokers, is offering its service for more than 70 currency pairs. This gives the broker ample coverage in the forex trading market. There are plenty of exotic and minor currencies available for trading on the platform as well. Is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world. Axi has made giant strides since its inception in 2007 to become a top 10 global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology. When it comes to spreads we need to consider both of the available trading accounts.
The perceived high risk of losing money when trading on AxiTrader has been debunked in this review. It is a financial service provided globally and is legit for users in the countries regulated under its authorities. AxiTrader and AxiCorp Financial Services Pty LTD are two different entities. The latter is the corporate owner of all the operating subsidiaries. The technology infrastructure of AxiTrader is built with advanced trading tools. They provide complete support to the automated trading experience.
The customer support is available in nine different countries like Germany, China, Singapore, Spain, etc. Overall, this broker seems to be a decent broker who offers fair trading conditions and provides all necessary assistance and tools to keep their traders satisfied. 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. Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section. Axi explains its products and services well, and I believe most traders will not require assistance.