Axi (formerly Axi Trader) is a managed online broker that was created by traders for traders. They have tight spreads, low commissions, excellent execution, and a diverse variety of products. The ultimate online trading experience is enhanced by advanced platforms and trading tools. Our online broker analysis team has discussed some of the most critical things for you to remember when selecting the right broker for your online trading needs in this thorough Axi study.
AXI – OVERVIEW:
Axi was established in 2007 in Sydney, Australia, as part of the Axi Corp Group, and has since expanded to be one of the world’s largest online brokers, specialising in goods and services for retail traders with customers in over 150 countries. Before restructuring in 2020, Axi was classified as Axi Trader. They were founded by a group of traders who realize what traders require, and as a result, they deliver tight spreads, minimal slippage, quick execution rates, and multiple languages global 24-hour customer service in a safe and highly controlled atmosphere.
The robust and dependable trading networks are accessible in a variety of languages and provide consumers with exposure to the most up-to-date market info, as well as various liquidity providers (LPs) from 14 of the world’s largest financial institutions for live prices and better trading conditions. For better trading execution, databases are based near the New York Stock Exchange. Axi caters to traders of all ages, with their cutting-edge trading technologies being sophisticated enough for seasoned traders while being easy enough for novices.
Integrity, reliability, loyalty, and openness are essential when doing business. They are constantly searching for opportunities to expand their offerings to keep up with the most emerging technology to have exceptional customer service. Traders will be assisted by a devoted account executive on their path. At the UK Forex Awards 2018, Axi received several awards for their trading platforms, such as Most Trusted Forex Broker and Best MT4 Provider. Axi offers a diverse variety of investment tools across several markets, from Forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, bonds, CFDs, and exchange-traded funds (ETFs).
AXI – COUNTRIES, COMPLIANCE AND REGULATIONS:
Axi is a licenced broker, which means it must adhere to stringent rules and guidelines to protect customers. There are two controlled companies in the Axi Trader community. Axi Corp Financial Services Pty Ltd is a registered trademark of Axi Corp Financial Services Pty Ltd. Axi Corp is licenced to provide financial services in Australia (AFSL number 318232). With FCA Reference Number 509746, Axi Corp is licensed and controlled by the Financial Conduct Authority.
When doing business, Axi UK shall follow the guidelines of the European Securities and Markets Authority (ESMA). These regulations restrict the amount of leverage available to EU customers as well as how financial services are marketed.
Client assets are stored in trust accounts with top-tier banks such as NAB and Lloyds, which are stable and segregated. This ensures that Axi cannot use customer assets for anything other than running expenses and hedging. Axi welcomes customers from all over the world, except for the United States, Canada, Iran, and a few other countries that have prohibitions. Due to regulatory requirements, certain Axi broker functionality and products listed in this Axi analysis may not apply to dealers from particular nations.
Axi – Open Trading Account
AXI – TRADING PLATFORMS:
Axi provides several different versions of the common Meta Trader (MT4) trading platform. Device (iPhone / iPad / Android / Tablet) and desktop (Windows / Mac) versions of MT4 are accessible. MT4 is familiar with the technologies and software applications you choose to use, whether you prefer to trade on the laptop or while on the go. It has a variety of built-in tools as well as completely customizable functionality.
Traders can also use the MT4 NextGen platform. This is a tool that works in conjunction with MT4 to provide additional features. Axi also offers trading signals for MT4 and a multi-account manager for MT4. The website has been improved to make it more user-friendly; trades can now be done rapidly and conveniently. Also, new traders have access to effective educational materials, ensuring that they have what they need to get started.
AXI – PSYQUATION:
Psy Quation is a cutting-edge data analytics tool that analyses the trading style and identifies areas for improvement using increasingly sophisticated algorithms. It is available to all Axi customers with a reserve of at least $500 and a monthly trading volume of at least 1 regular lot. More strong metrics, regularly revised trading triggers, robust forecasting, and institutional level quantitative models are available in Psy Quation Premium. The Order Flow Sentiment Indicator is one of the specialised trading applications that users have special access to (OFSi). Users will monitor the Selling and Buying order movement of over 22,000 live brokerage account on OFSi. You can also set up your alerts.
AXI – ACCOUNTS AND EXPENSES:
Axi offers standard and pro portfolios, all of which are customizable to meet the needs of specific traders. Both accounts come with easy and stable financing as well as sophisticated trading channels and software. There are more than 80 FX pairs, metals, and CFDs to choose from in each portfolio. Due to ESMA limits, leverage up to 1:400 is open, with EU leverage limited at 1:30. Both accounts have expert advisor investing, MT4 NextGen, and a free VPS for qualifying customers. A $1,000 minimum deposit is required for MT4 NextGen. The spreads and commissions are the key differences between the portfolios. If you want to test trading conditions and channels before opening a proper account, demo services are available.
1. META TRADER 4 (MT4) STANDARD ACCOUNT
The standard plan has a $200 minimum deposit requirement, variable spreads beginning at 1.0 pips, and no fee.
2. META TRADER 4 (MT4) PRO ACCOUNT
Variable spreads begin at only 0.0 pips on the pro account, and there is a $3.5 fee. If you need the tightest spreads, this account could be the best choice.
AXI – TRAINING AND EDUCATION:
Axi has a free education centre with a variety of basic, intermediate, and specialized topics for merchants of all ages. eBooks, webcasts, video guides, and a glossary are all included in the centre. There are videos available in 24 different languages. The Axi free instructional course discusses a wide range of topics related to investing, including how to position orders, risk management, chart review, and news trading.
AXI – OPENING AN ACCOUNT:
The method of opening an Axi account is simple and convenient. Simply fill out the online form and double-check your email account. For KYC purposes, you’ll need to submit evidence of identity and address. After you’ve been checked, you’ll be able to finance your account and begin trading. If needed, customer service is available to facilitate you in the procedure.
AXI – CUSTOMER CARE SERVICE:
Axi has a multinational, multilingual workforce available to assist you 24 hours a day, seven days a week. Customer service is available via web message, telephone, and email, and customers are assigned specific account managers for a more personalised experience. There will always be someone from the customer service team willing to address your common or technical questions, with branches in Sydney, London, Dubai, and Chisinau. Support is available in 12 different countries and six different languages.
Axi is a managed and award-winning online broker founded by traders for traders. They have tight spreads, low fees, easy implementation, and a wide variety of assets to sell. The overall trading experience is enhanced by trading channels and sophisticated trading technologies. Axi also enables consumers to use MT4 NexGen, which significantly expands the site’s accessibility and improves the trading experience. The software is fully available, and the brand delivers a consistent user interface on all platforms.
Axi is a good value place to trade with because of its comparatively high leverage and favourable fee. Axi has been in business for over a decade and has a solid reputation in the market. The only significant drawback to this website is that MT4 is the only trading platform available, denying consumers the opportunity to check out other services that may serve them better.
FREQUENTLY ASKED QUESTIONS:
1. DOES AXI TRADER HAVE A NEGATIVE BALANCE PROTECTION?
Negative Balance Security is available to Retail Clients, which ensures they cannot risk more money than they have invested with Axi Trader. Customers have one brokerage account with Axi Trader, but they may have several subaccounts in the context of trading site logins, for the avoidance of doubt.
2. IS AXI TRADER AN ECN?
For significant traders, Axi Trader is an ASIC and FCA controlled ECN broker. Although only MT4 is available for trading, Axi trader has won industry awards for their implementation, except Best MT4 Broker 2018 and Best MT4 Provider 2018. (UK Forex Awards).
3. IS AXI TRADER LEGIT AND SAFE?
Axi (formerly known as Axi Trader) is an Australian forex broker that was established in 2007. As a result, Axi is regarded as secure because it is supervised by many top-tier authorities.