Axi offers a small number of Cryptocurrencies to traders, just 6 instruments. We found the costs of trading Bitcoin at Axi were much lower than industry averages. The average Bitcoin spread in our trades was just 14.4 versus the industry average of 45. Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account. During the London-New York overlap session, I received a 1.1 pip spread for the EUR/USD or $11 per 1.0 standard lot.
- This is a tool that will scan the market and look for potential trade opportunities or profitable setups based on resistance levels.
- As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
- In other words, Axitrader leverage profits and losses are magnified when trading.
- As AXITrader is only a MetaTrader broker, it is imperative and a standard expectation that it offers not only a mobile trading website but also dedicated mobile apps for both Android and iOS.
- Cryptoasset investing is highly volatile and unregulated in some EU countries.
Finally, to add further options to the table, the brokerage includes a frequently asked questions area that outlines various basic questions to commonly posed questions. After providing basic details, clients need to choose a strong password which will be used to access the live account AxiTrader and the trading platform as well. Traders in the UK have four options namely Standard account, Pro account, Spread betting account, and Swap-free account. Axitrader has been facilitating trade on the financial markets for over 17 years. Axitrader offers clients Forex trading, CFDs trading, and Social trading.
The Next Gen MT4 platform is available to all of those AxiTrader clients who have more than $1,000 in their accounts. Of course, you can also give it a whirl with a free demo account beforehand. Of course, there may be other fees that are applied by third party payment processors and banks. For example, if you are funding via SWIFT then there may be fees charged by third party banks or if you fund via card then your credit card provider may charge a fee. The spreads and commissions at Axi are based on what sort of account that you register with them. The Pro account comes with lower spreads but will charge you a commission based on the number of lots that you trade.
Wat zijn de voor- en nadelen van Axi?
Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform’s various features and benefits, especially with a complex trading platform like Axitrader. Opening an AXITrader account is quite a detailed process, more so than many other brokerages. axitrade Interested traders need to click on the “Open an Account” button and them complete its simple registration form. At the time of this review, the total number of available instruments at AxiTrader is less than 150. Compared to other FCA-regulated brokers in the UK, Axi offers fewer instruments to trade.
Is Axitrader a con?
However, you cannot withdraw funds back to a credit/debit card even if you funded your account using this method. The registration process took a total of 15 minutes and our account was approved on the next day, which was expected. We tested the entire process when opening our account, and it was fully digital. Another interesting point is that the Demo version is held separately from the live, meaning that just because you opened a Demo account, it doesn’t mean that you’ll be able to do much on Axi’s website.
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Axitrader Awards
Our experts find AxiTrader a reliable broker since it’s regulated by good regulations from top-tier FCA and ASIC. AxiTrader provides a range of trading platforms, and various funding methods, with average spreads and excellent customer support. We noticed that Axi has low forex fees, and deposits and withdrawals are free of charge.
Trading CFD trades on the Axitrader platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets. No requotes can provide Axitrader traders with greater confidence and peace of mind when trading on the Axitrader platform. It’s worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of Axitrader trades. It’s important to note that Axitrader requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks.
These indicators can provide valuable insights into market movements, allowing Axitrader traders to potentially stay one step ahead. Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades. We aim to provide you with all the information in this Axitrader review you need to determine if Axitrader is the right fit for you. But we don’t stop there – we also offer valuable insights into other great alternatives to Axitrader, so you can make a more informed decision and compare other brokers against Axitrader. MT4 is the only trading platform that allows trading on less than 150 instruments.
Lastly, AxiTrader is still unavailable to large markets in regions such as the United States and Canada. Traders who like to develop their own trading algorithms and Expert Advisors usually tend to purchase a VPS server to run their scripts on. They also have a section that covers some of the latest charting setups from a technical analysis perspective. However, this seems to be quite outdated and has not been updated since October in 2018.
Besides competitive trading costs, Axi offers traders the third-party trading analysis platform PsyQuation. It can help traders improve their performance, which I find an excellent tool. Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature.
Please note that the list of payment methods below depends on the Axitrader Entity and the client’s Country of Residence. Throughout our comprehensive Axitrader review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality. However, remember that you won’t be able to make trades on Axitrader until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the Axitrader KYC compliance process as soon as possible to avoid any delays in accessing the Axitrader platform’s features.
Axitrader provides a demo account that enables individuals to explore trading before investing their funds. By creating a Axitrader practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Axitrader demo account can help individuals to make informed decisions before investing their money.
You will need to hand over your contact details in order to get sent the ebook. We downloaded the book and it appears to be pretty stock and standard (not a customised solution). Hence, if you already have an account with one of these providers then you can link up your account with them.
The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment. However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link. Please be aware that Axitrader does not currently support the MetaTrader 5 (MT5) trading platform. However, if you’re looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.