They also have an impressive selection of over 12,000 financial instruments to trade. The platform is fully integrated with many tools, services, and connectivity options offered by Axi and provides for the needs of all trader types extremely well. Here you can trade all the available assets including Forex, CFDs, Spread Betting, and Metals. 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). OFSi allows users to view the Buy and Sell order flow of 22,000+ live trading accounts.
- Axi accepts clients from all over the world, excluding USA, Canada, Iran and some other countries where restrictions apply.
- With this technology, traders can easily access super-fast networks and can handle any high-frequency inflows to scalping.
- The broker also provides for a great range of VPS choices in ForexVPS, MetaTrader VPS, BeekSFX VPS, and CNS.
- 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.
- Overnight fees are common among every broker, and are the charge you incur for holding a position overnight.
It is important to emphasise that signal performances are based on historical performance and there is no guarantee on future performance. If you are looking for a dedicated social trading axi review platform, then eToro would be my top choice. Axi are a regulated broker that must be compliant with strict regulations and standards that are put in place to protect investors.
Axi Social Trading Offer
With several trading platforms to choose from, many traders opt to try the AXI demo account first. This is available on all account types and trading platforms the broker offers, so it is an ideal starting point to help identify the best trading platform choice for your needs. Demo accounts are available if you wish to test trading conditions and platforms before opening a real account. This can be a great way to familiarise yourself with the trading platforms and practice your trading strategies with virtual funds, risk free. Once you feel confident enough to trade with real money, you can then consider opening a live account. I would always start on a demo account to see how things go when trying a new system or broker.
- Trade The Day accepts no responsibility for any consequences that result from use that may be made of the content provided.
- This makes Axi a great place if you want to try spread betting at a low starting cost.
- An ECN model of operation boosts client trust and allows for breakneck execution speeds.
- In addition, price chart is also usually provided with some analytical tools
to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned
trades.
The first criteria that prospective Axi customers need to consider is their location, as Axi primarily operates in the UK and Australia due to the licensing it’s received from ASIC and the FCA. This is of course, one of the most respected and powerful trading platforms in the entire industry. There is a great range of more than 70 forex pairs available for trading at Axi. What you will have to deal with are a few more fees like commissions and overnight fees due to the low spread.
What trading platforms does Axi offer?
Small overnight and rollover fees are industry standard account features unless users opt for Islamic accounts, which are Shariah compliant and swap/rollover free. The main way that Axi generates revenue is spreads, and even these are among the industry’s thinnest. On Pro accounts, there’s a $7.00 roundtrip commission on each trade ($3.50 when opened and $3.50 when closed). There are few brokers regulated in both the UK and Australia, both of which represent some of the more demanding compliance jurisdictions in the world, but Axi is one of them.
Leverage
The broker provides an extensive range of materials in this regard that includes a huge choice of more than 60 tutorial videos. These can help you every step of the way in trading forex and more. Axi also provides access to the Psyquation platform for free if you are a trader, even though it is usually a subscription-based service.
Axi Overview
It can also run on almost any device and has over 50 indicators and charting tools in places along with being a very easy to use platform. If you are into algo-trading, then you will also benefit from the availability of EAs here that you can get from the trading community to implement, or code yourself. This is equal to 0.01 standard lots or a cash value of $1,000 non-leveraged.
Commodity trading is the buying and selling of raw materials, such as crude oil, wheat, corn, rice, and so on, which are important to the global economy. Crude oil is the most traded energy instrument on this broker’s platform. Note that Axi currently does not offer a proprietary mobile trading app, just like some of its peers, such as IC Markets.
Reliability is measured in more than platform speed, regulatory liability, or a comprehensive array of tools. Customers will also appreciate that Axi stands readier than most to respond to their inquiries and problems, via live chat, email, and several toll-free phone numbers. Both Standard and Pro accounts require no minimum deposit to enjoy Axi’s trading experience and highly competitive spreads. Myfxbook Autotrade is an online automatic analytics tool that connects with your forex trading account directly through your MT4 trading platform. It lets you analyse your trades and copy strategies from other traders.
Find out more about how to utilise Fibonacci retracement levels in your technical analysis. Email us at , we’re always looking to improve and welcome your feedback. Traders are not machines and part of the investing process is handling risk & developing strong trading psychology. However, Axi withdrawal and deposit methods are slightly different. For the deposits, you may use cards, e-wallets, and bank transfers.
In Which Countries is Axi not Available?
Please consider contacting a professional advisor if you require any financial assistance. The FCA and ASIC are top-tier regulatory authorities that provide traders with the assurance that a company is fully transparent and ethical in its business dealings. Tier 1 regulation also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks.
Once verified, you will then be able to fund your account and start trading. Customer support is on hand to assist you during the process if required. I didn’t have any problems during signup and completed it within minutes. You can trade commodities without needing to purchase the physical asset as you are simply trading on the price movement of the underlying asset or instrument. Some of the most popular traded commodities are gold, silver, oil and gas.
