AxiTrader Review 2023: Is It Legit or Scam? All You Need to Know

Five eBooks are also available free of charge, but Axi asks for a name, country, phone number, and e-mail address. They are required for opening an account, and therefore not an obstacle to new clients. The video library consists of eleven courses, consisting of numerous lessons.

• They have made no attempt to address my complaint or offered any acknowledgement that charging dubious fees without prior warning is bad practice.
• Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence.
• Remember, if your account gets to 20% equity then your position will be liquidated quickly.
• Cryptocurrencies, such Ethereum, XRP, Litecoin, Dash, Stellar Lumens or others are not in the broker’s portfolio on offer.

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 MetaTrader 4 WebTrader runs on all web browser applications. AxiTrader platforms do not require upgrades as the service delivers them with their most powerful versions. It uses MetaTrader 4 as its dominant trading platform, and this standard approach helps it attract retail traders.

Broker Details

PsyQuation Premium has more powerful indicators, frequently updated trading signals, comprehensive forecasting and institutional level quantitative models. Users have exclusive access to a suite of advanced trading tools that includes the Order Flow Sentiment Indicator . OFSi allows users to view the Buy and Sell order flow of 22,000+ live trading accounts. axitrader review You can also receive custom alert notifications via the app, email or SMS. AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

A risk warning, that CFDs are complex instruments that pose the high risk of losing money, needs to be issued at this point. AxiTrader’s full registration and compliance stay in Australia, and its UK subsidiary gets authorization by the Financial Conduct Authority. Clients feel secure with the backing of the Financial Conduct Authority, which is why this broker does not pose any high risk of losing money when trading forex pairs.

Trading Platform

With clients all over the globe, the online broker AxiTrader offers high-quality, multi-lingual 24/5 customer support through live chat, a toll-free phone hotline and email. Our review found, that their award-winning service was named ‘#1 for Customer Service’ in the December 2013 Investment Trends Australia FX Report. The standard debit cards can be linked to the account to transfer money back to the account.

Please be assured that we are doing our best to resolve this issue. Our Settlement team is currently working on it and will reach out to you again to provide you with an update. If your bank still cannot trace the funds, then we can ask the Settlements Team to recall the funds. 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.

For the negative points, the range of the instrument is narrow and limited to Forex and CFDs. The research tools are limited as well which is another drawback for beginners. I love Axi, the spread is low, and the customer services is excellent. I have been trying a lot of brokers before, but this one is the best.

The broker is known to harvest the best out of the Autochartist MT4 plugin, its VPS hosting, and the PsyQuation Premium service. This regulatory suspension, however, has no impact on the international clients that AxiTrader LTD operates. Both entities are different and fall under distinct jurisdictions. Hence, AxiCorp LTD, which runs AxiTrader, has not suffered any license suspension. 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.

AxiTrader Review – Pros & Cons

However, it is quite complex and therefore catered more towards professional traders. I think that most of you would prefer the intuitive MT4 interface. If you do need a FIX API, I would compare this solution to what you can get with Valutrades. Axi has some drawbacks, though.Its product range is limitedto forex and CFDs, and its research tools lack recommendations and fundamental data. Axi clients are provided free access to PsyQuation Premium, an AI-driven analytics platform to help you discover strategies for MT4.

We consider the FCA regulation to be the best since it provides compensation of up to £85,000 in case the broker goes bankrupt. Finally, we withdrew our funds to determine if the withdrawal process was smooth. Our https://forex-review.net/ will begin with a look into what cryptocurrencies options are available. Specifically, AxiTrader seems to only deal in cryptocurrency CFDs. This appears to be true for English, Canadian and Australian users, while some other locations – like the United States – do not appear to be able to use the site generally. We can’t provide in-depth guides on everything you can do on MetaTrader 4 as part of this AxiTrader review 2020.

We think this is something you should be in control of.Be careful with forex and CFD trading, as the preset leverage levels may be too high. You can set alerts and notifications to be received via mobile,but only on the desktop trading platform. It would be much easier if you could set these notifications on the mobile trading platform itself. Similarly to the web trading platform, Axi provides only a one-step login.A two-step login would be safer. Axi has a great mobile trading platform, we really liked its design and user-friendliness.

AxiTrader Review – Customer Support

Traders can diversify and do more when they have access to great markets and financial instruments. The selection at AxiTrader is somewhat limited when you compare them with other brokers on the same level. Well, if you are looking for a well run and fully regulated broker with strong customer support and a reasonable product offering then it could the broker for you. Duplitrade allows you to automatically duplicate the actions of other expert traders on the platform directly in your trading account. These traders will be chosen by Duplitrade based on their database of successful traders.

Things become simpler when trading brokers offer their financial services to assist people in their trader journey. More recently, the broker has tried to appeal to customers with their offer of some of the lowest spreads on the market. For example, with their pro accounts they are offering traders close to 0 spreads on some of the major forex pairs. 69.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

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.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of letting your accounts lose money through CFD trading. Our Axi review above explains the wide range of financial instruments for trade like oil, silver, gold, CFD, etc. Traders can choose from 50 different types of currency pairs like AUD/USD, JPY/EUR, EUR/USD, AUD/CAD, etc. The market is open 24-hours and one can trade at any point of time suited to their needs. It offers low-cost trading with best in class risk tolerance limits and different types of assets to choose from.

From humble beginnings in 2007, AxiTrader has rapidly grown to encompass a large portion of the forex market. Our AxiTrader review found out that they offer one of the best trading platforms globally and other unique features. They seem to offer a beginner friendly trading package with personalised customer service all with the security of a well-regulated international brand. Moreover, they have a host of other features which will satisfy the professional traders among you. We were also quite disappointed that although they did have a range of educational material, there were no live courses or webinars.

Trading on AxiTrader PRO account, you will receive a reduced spread and a commission charge will occur based on the base currency of your trading account and the size of your trade. Reply by Axi submitted Nov 18, 2022 Hi Ricardo, thank you for taking the time to leave us a review. Your withdrawal request on the 26th of October was sent to your bank account that same day.

It offers in-depth articles on various trading topics to help and support traders improve their trading results. Another advantage is that the broker groups the education material according to certain topics, to help both beginner and professional traders find the information they need easier. When comparing the trading fees between brokers, we always have to consider the most important things. We will look at the leverage, commission, and spreads that you will find when trading with AxiTrader. Once you have created an account at Duplitrade these signals will be sent directly to your Axi trading account in the MT4 interface. It will also give you tools in order to better analyse the returns of the other traders on the platform.

Account types

I believe this is a tool that should be readily available in all platforms. Operating with integrity, honesty, trust and transparency is of the upmost importance. They are always looking to improve their services in order to stay up to date with the latest innovative technologies and continue to deliver excellent customer support. You even get a dedicated account manager that is available to assist you in reaching your financial goals.