Axi provides traders with the out-of-the-box MT4 trading platform and upgrades it free of charge with the Autochartist plugin. I like that Axi adds Autochartist, which can assist beginner traders. MT4 is the market leader in algorithmic trading and remains the most versatile trading platform. It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app.
How Can I Verify If My Broker is ASIC-regulated?
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. What really put the cherry on top for us was the fact that they were quite open to traders visiting their account managers at the offices. This adds further weight to their « personal touch » argument but you will have to call prior to arriving to make sure that they manager is present.
Is Axi a good broker?
AxiTrader is regulated by the Financial Conduct Authority (FCA) in the UK. AxiTrader is highly regarded for its regulation by multiple authoritative bodies, including the ASIC, SVG, FSA, DFSA, and FCA. This multi-regulatory oversight underscores its commitment to maintaining high standards of safety and transparency. The MT4 trading platform can be downloaded on android, iOS, Windows, and macOS and linked with the AxiTrader trading account. In the next step, traders need to provide further details of their name, date of birth, and address.
Besides Autochartist, I like that Axi aims to help traders achieve goals. AxiTrader is renowned for its regulation by multiple authoritative bodies, including the ASIC, SVG, FSA, DFSA, FCA. This multi-regulatory oversight underscores its commitment to maintaining high safety and transparency standards. AxiTrader is regulated by several other authorities, including ASIC, SVG, FSA, DFSA, and FCA.
The benefit of Trading with a Regulated Forex Broker?
The source of payment needs to be registered with the name of the account holder. For a detailed review of fees charged at AxiTrader, we have separately described each component of trading and non-trading fees. However, Axi offers a small number of tradable instruments, about 130, and does not offer ETFs and stocks, which is axitrader review a drawback. We waited for 1-8 minutes before being connected to the customer service team via the live chat function.
- At the time of this review, the total number of available instruments at AxiTrader is less than 150.
- AxiTrader is a forex and CFD broker offering online trading services to traders and investors worldwide.
- These regulations ensure strict compliance with industry standards and provide protection for client funds.
- No, AxiTrader does not operate under CySEC (Cyprus Securities and Exchange Commission) regulation.
DFSA (Dubai Financial Services Authority):
Your trading experience with Axitrader is significantly influenced by its platform usability. The combination of intuitive features, streamlined navigation, and minimalistic design enhances your overall trading efficiency. An advantage of the Professional Account is that it caters to experienced traders who require higher leverage and access to tighter spreads. This account type is ideal for those who actively trade in the market. In terms of the trading platforms and technology at AxiTrader, they make use of the MT4 software.
- Verifying these details helps protect you from potential scams or unauthorized firms.
- Traders should consult with AxiTrader or refer to their website to confirm the specific research and educational resources accessible to them.
- With Axi, you can trade CFDs online and access a wide range of markets, including Forex, CFDs on shares, indices, commodities, precious metals, and more.
- As mentioned in the fees section, with the pro account you have much lower spreads than the standard account although you do have to pay lot commission.
- It is an expensive account, and I recommend traders opt for the Pro alternative.
The broker is regulated by several other reputable financial authorities, including the ASIC, FSA, DFSA, and FCA. No, AxiTrader does not operate under MAS (Monetary Authority of Singapore) regulation. However, the broker is regulated by several other reputable financial authorities including ASIC, FSA, DFSA, and FCA.
The unavailability of MT5, cTrader, or any other trading platform apart from MT4 is a disadvantage for those who do not prefer to trade with MT4. The deposits through bank transfer and e-wallets are reflected within an hour while the withdrawals can take up to 5 business days to reflect in the accounts. Clients residing in Australia can deposit and withdraw at AxiTrader through Debit/credit cards, e-wallets, bank transfers, and cryptocurrencies. Following are the steps that need to be followed to open a live trading account at AxiTrader in Australia. The first step in verifying your broker’s regulatory status is identifying their legal name. Having the exact name ensures an accurate search when you look up their registration with FINMA.
It will give you a list of helpful explanations and descriptions that can break some of the jargon that you will encounter when trading on any forex trading platform. You can also set the platform up to receive notifications via the app, email or an SMS. These alerts could be set at the intraday level in order to provide up to date suggestions for improving your trading. This allows you to follow the trading strategies of a group of professional traders. You can also make use of algorithmic strategies that have been developed by these same professionals. Duplitrade is an extra feature that is offered for free to all of those AxiTrader clients who have more than $5,000 in their accounts.
What is ASIC?
If a trade results in losses that exceed the amount of funds in the account, negative balance protection ensures that the trader’s balance cannot go below zero. Client money is kept in segregated accounts, and there is an emphasis on risk disclosure and trader protection. Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors. Moreover, losses in leveraged products may exceed your initial deposit. However, The broker is regulated by other reputed regulatory authorities including ASIC, FSA, DFSA, FCA. These regulations ensure strict compliance with industry standards and provide protection for client funds.
AxiTrader is regulated by 2 top-tier regulatory authorities and could be a good choice to trade online in Australia. We have reviewed AxiTrader comprehensively and honestly to assist the clients in choosing a suitable broker in Australia. AxiTrader is regulated by several authoritative bodies such as ASIC, FSA, DFSA, FCA. However, AxiTrader is not regulated by the FINMA ( The Financial Market Supervisory Authority).
They have an extensive track record in the industry and are well known for their relatively attentive customer service and extensive asset coverage. They also have a range of trading platforms and give traders numerous customisation options. 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.