15 Mar AxiTrader Forex Broker Review and Test

They will trade the excess market volatility created by misses or overshoots of the forecasted numbers. The MT4 platform is also much more sophisticated than any other technology that has been developed in house by a broker. It has a plethora of charting functionality as well as technical analysis. It also allows you to code your own bots or “EA” in order to automate your trading.

Further, the account includes no commission fees, deposit fees, trading fees, which makes this account very lucrative for beginners. The client funds of the UK enjoy coverage from the Financial Services Compensation Scheme of over £50,000 in a highly unlikely case when AxiTrader becomes bankrupt. Payoneer’s customer service team includes 320 employees that support 4,000,000 customers in 70 languages and in 150 currencies. If your balance is negative, AxiTrader indicates you promptly contact customer services. With this, you are able to fix any imbalances within your own account. With this digital AxiTraderdemo account, you are able to experiment in any way, to whatever period you desire.

It also comes from the fund segregation and top rating for trustworthiness. That same year also saw back-office operations begin in Cyprus, the Philippines, and Singapore. In addition, there was the opening of the Dubai branch and AxiTrader’s acquisition of its New Zealand financial service license.

The reviews on the internet are predominately positive, which is due, among other things, to its 24-hour customer service as well as the wide range of currency pairs and CFDs. AxiTrader also offers its customers several options for training and continuing education. First, the online broker provides some texts that explain the basics of forex trading and CFD trading. Forex, binary options, futures and stock trading, all have potentially large rewards but also equally large risks. You need to be conscious of the risks and accept them in order to start investing in the stocks, futures and Forex markets.

What is the minimum deposit for AxiTrader?

These are determined by the activities you undertake in your account. They are charged for operations like depositing money, not investing for long periods, or withdrawals. Every online trading platform will have a few ups and downs, and no AxiTrader review would be complete without showing both sides. This AxiTrader review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

• The best way to know if the fees charged by a broker are low, average or high, is to find the brokers on the same level and then compare their fees in a standardized setting.
• Once you do so, your account manager can change the settings of your demo account so that it will not expire.
• Provide the email address, phone number, country of residence, and other particulars in the online application form.
• Even if you do not know how to use any of these platforms, AxiTrader provides detailed guides for all traders.

If you are a non-EU client or Professional, you will not be covered by the negative balance protection. The general education videos section has good quality video files you can watch for topics like trading psychology and the basics of forex trading. There is an option to download and read the many high-quality eBooks that they provide. News is essential to a trader because it drives the price by influencing the market sentiment. Not knowing what is going on, will leave you in the dark, as you cannot speculate without having access to the proper and relevant news.

We will cover the AxiTrader leverage, funding, spreads, regulation, contact, minimum deposit, and other details we know you care about. By the end of this review, you will have made the choice of whether or not to use AxiTrader. It should be no surprise that AxiTrader offers an economic calendar for its clients. The calendar is simple and includes a filter for easy navigation. You can view historical data charts and descriptions by clicking on news events.

AxiTrader

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. The MT4 platform is available to either be traded through your web browser or on the computer client. The latter is available for download on the AxiTrader platform and is available for both Windows and Mac machines.

AxiTrader also makes it easy for clients to enhance their trading with a range of other trading tools. This allows for automated trading for indices, https://forexbroker-listing.com/ forex, and commodities via duplicating strategy providers. It is possible to create your own portfolio based on other strategy providers’ activity.

Customer Support

Our AxiTrader review highlights that the company AxiCorp, as a global market leader, takes security very seriously. They are authorised, licensed and regulated by the Australian Securities and Investment Commission as well as the Financial Conduct Authority of the United Kingdom. Axicorp Financial Services Pty Ltd holds an Australian Financial Services License . Axi Customer ServiceYou can contact AxiTrader via email, and live chat. We waited for 1-8 minutes before being connected to the customer service team via the live chat function. We were advised to initiate our next withdrawal via bank transfer, which we did, and the funds arrived on the next day.

One feature of customer support that sets AxiTrader apart from the competition is that all clients have Dedicated Account Managers. Some competitors only assign Dedicated Account Managers to clients with certain account types. This stand-out feature means that all traders receive personalized service, regardless of their balance and trade sizes. To assist clients with their education and trading skills, AxiTrader offers both seminars and webinars.

If your bank is not one of the listed banks, you cannot do a wire transfer. 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. axitrader review Forex Trading– AxiTrader offers 80 pairs of currencies to trade on, including major currencies such as EUR, JPY, GBP, and USD. The Forex broker keeps the spreads as tight and updated as possible so that Forex traders can enjoy the best trading experience. Overall, the broker covers the most demanding markets to trade, also UK residents can benefit from the Spread Bet option.

However, the platform does not provide trade ideas or fundamental reports that could affect certain instruments. Axi offers different leverage levels to its clients depending on the entity under which they registered their accounts. You can run most types of trading strategies as the broker allows high-risk strategies such as hedging and scalping. Axi processes client withdrawals via most of the payment methods available for deposit making it convenient for its clients to withdraw their funds.

The two brokers we picked for the comparison are Pepperstone and IC Markets. With that out of the way, we are going to dive into the fees, and see how much it will cost you, to trade with AxiTrader. You also need to know that the risks are manageable or that you can lose money without wiping yourself out. There is also a lengthy guide to the MetaTrader 4 Forex Trading Signals.

Myfxbook AutoTrade– This is a social copy trading community app, which you can easily connect to your AxiTrader account. It allows you to follow other traders and choose the trading systems you would like to copy. Sentiment Indicator, which gives you insights on live market trends based on observing other people’s trading activities.

AxiTrader Customer Service

A truly comprehensive range of tools, at AxiTrader’s mainstay MetaTrader 4 brings a very competitive technical solution to trade through market-making execution. As for the important question about margins, Axi offers access to flexible leverage options. In addition, the broker is a popular choice among Australian traders and worldwide investors that were convinced about the Australian service providing.

Live Chat –Click on the green-and-white icon at the bottom right of the website to open the live chat window. Fill in the simple form in the live chat window to start chatting with a trained customer support agent. Bank Transfer – local bank transfers are processed the same day, but international bank transfer withdrawals may take up to 5 or more working days.

For security, all client funds are in segregated trust accounts from top-tier banks. It has high liquidity thanks to working with 14 of the biggest banks in the world. The primary reason why the AxiTrader Forex trading platform prefers to use the popular MetaTrader 4 is that the application is built for traders of all experience levels. Traders can opt for similar order types and order time limits as AxiTrader’s web platform. Further, the trading platform also offers several trading packages like MetaTrader 4 NextGen add-on for users who make a min deposit of $1000.

Another concern with financial brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous for consumers on these platforms. Nonetheless, this is more widespread in the example of Market Maker agents who compete with customers on the platform. The broker goes to great lengths to comprehend what dealers want. The broker also gives a number of platforms for all types of traders.