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I have been with AXI for two years and my experience has been nothing but awesome. MPESA deposit for those in Kenya is amazing, withdrawals are fast , fast order execution and a friendly customer care team …. Apart from Forex trading, Axi allows traders to buy and sell over 150 financial instruments across different asset classes. But, 130 financial instruments cannot compare with what its major competitors, such as IG or IC Markets, offer. Also, we found that Axi has a bit limited diversity of asset classes, as it does not offer CFDs on bonds, futures, options, or interest rates.

Customer support is provided via online chat, telephone and email whilst clients get their very own dedicated personal account managers for a more personalised service. With offices in Sydney, London, Dubai and Chisinau, there is always someone from the support team on hand to answer your general or technical questions. They have some of the best customer support you will find anywhere, evident by the numerous awards that they have won. Myfxbook Autotrade is an online automatic analytics tool that connects with your forex trading account directly through your MT4 trading platform.

Trading Products

They provide advanced trading platforms, special tools, and a trust-driven trading experience under strict Top-tier regulations of ASIC and FCA. Axi was launched in 2007 as an Australian-based financial service provider. The online trading broker offers traders access to various financial assets using innovative trading platforms. It offers some of the industry’s leading trading conditions, such as ultra-low spreads from 0.0 pips, high liquidity, flexible leverage, and more. The customer service of Axi Corp (Axi) has also won awards thanks to its 24-hour day customer centre.

  • Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
  • The self-paced courses are flexible, allowing traders to review lessons as often as necessary.
  • Of course, this service is very useful for those who use Expert Advisors.
  • All information comes from providers’ websites with each provider offering free demo accounts to trial their offering and trading currency.
  • Axi offers multiple payment methods for deposits and withdrawals to its customers.

Axi provides traders with cutting-edge research and educational resources in both text and video formats to help them learn and improve their trading skills and familiarity with the platform. The quality of these educational and research resources appears to be slightly higher than the industry norms, and all the courses are created by active expert industry traders. The self-paced courses are flexible, allowing traders to review lessons as often as necessary. Additionally, courses are offered in 24 different languages since everyone can participate in the global trading community.

Additionally, the target account has to be in the same name with which the trader registered on the platform. Traders on the Axi Trading platform are able to fund their accounts and withdraw funds through a variety of deposit and withdrawal options. 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 (LTC), Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). These are all tradable across various financial markets, and the list has only continued to extend.

Similar features can be seen on the broker’s MetaTrader mobile app for iOS devices (iPhone, iPad, iPod touch). But we may not give Axi a 100% pass mark overall on fees since their commission fees of $7 per round turn are high compared to some of their competitors, such as Fusion Markets. On the Pro account, on the other hand, the broker charges a commission of $3.50 per lot per side ($7 round trip).

Trading fees and other costs

This non-transactional fee is your responsibility; please check with your bank if you are unsure. Also, the broker will require Proof of Identity and Proof of Source of Funds before processing withdrawals through international transfers. The broker has since grown into a multinational retail broker with offices in the United Kingdom, Australia, South Africa, and Saint Vincent and the Grenadines. It has bagged several industry awards for providing satisfactory trading services to over 60,000 loyal clients in 100 countries. In 2020 alone (FY20), the broker recorded over $2.5 trillion worth of trades. Overall its a good broker with good customer service and security.The bad side is the poor connection sometimes when scalping!

Suddenly Cannot Access Account

Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. The finest location to learn about trading online is Axi Academy. Axi’s comprehensive trading courses are developed by traders for traders to guarantee you obtain the necessary information and abilities to be successful in the markets. All of the courses are available for free to anybody, anywhere in the globe. Axi Academy can help you become a smarter trader and uncover your trading edge.

The Incorporation of Axi

Well the broker is just amazing and will notify you if something wrong or the prices are dropping suddenly. Axi have an economic calendar that gives you details on upcoming news events which can be filtered by trading instrument, date and impact. You can see historical and future forecasts of each news release.

Since I am a beginner trader, I give credit to Axi for all the knowledge I have in trading. As a beginner trader, I had tried many trading platforms but all of them could not match to Axi. With Axi I received quality services, the customer care are always friendly and always available.

low spread for gold

From the above, we can easily deduce that the spreads offered by Axi are within the range of those offered by the big names in the industry, such as IC Markets and IG Markets. We should also note that the broker does not accept clients from New Zealand and Australia. And also AXI services are axi review awesome don’t have anything bad to say so far. There are currently no user reviews of Axi on the Quora platform. These are the charges for holding a leveraged position for more than a day. These charges may range from 1.7% for the EUR/USD forex pair to 3.4% for stocks like the Vodafone CFD.

Interestingly, the MT4 mobile app is designed to effortlessly narrow down the full functionality of the desktop platform to the small screens of mobile smartphones. A $7.0 commission for a 1 Lot trade is similar to what other brokers such as IC Markets will charge, but it is not the lowest in the industry. An equivalent trade on a zero spread account with Fusion Markets will incur a $4.50 commission per round turn, which is, at present, among the most competitive offers within the industry.

Some might get a quick response and exact answer to their query, and others would not get a desired response. On top of that, customer support is only available 24/5, so some clients might not be able to get their problems resolved over weekends. If customer support was available 24/7 as it is at Plus500, that would be great. Every trader should be able to pursue their own trading strategy.

However, the retail customers from the UK and EU under the regulation of FCA are provided negative balance protection to some extent. If regulation is important to you, City Index are also a very well-regulated broker worth consideration. This account, which has no swap fees or interest payments, is perfect for people who don’t want to earn or pay interest owing to religious beliefs. If you are a Muslim, simply send Axi’s customer support a request for an Islamic account, and they will switch your account over for you.

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. 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. Unfortunately, the copy-trading platform is not available for desktop PCs at the moment. While forex and crypto trading involves trading in currency pairs, commodity trading involves trading in raw materials such as oil and precious metals like gold and silver.