This gives you full control over your Axi trading account and allows you to stay up-to-date with the latest market trends. You can keep track of multiple traders to learn new trading strategies and spread your capital. The feature allows for round-the-clock trading even when traders are away from their trading terminal. Nevertheless, AxiTrader provides seasoned traders who wish to trade stock indices with the benefit of real-time pricing linked directly to overall market performance.
SECOND TRADER IN AXI’S CAPITAL ALLOCATION PROGRAM, AXI SELECT, SECURES $1,000,000 IN FUNDING
There is one more thing to keep in mind before you diversify your trading portfolio with Bitcoin CFDs. Trades on Bitcoin have minimum and maximum lot sizes of 1 and 10, respectively, with one lot equal to 1 BTC. Margins are again very low, at just 1%, while the flexible leverage allows you to better control your risk level.
Axi demo account
- The leverage is the same for all three accounts and only depends on the asset class traded.
- Axi advertises indicative spreads of 7 pips for cocoa, 30 pips for coffee, and 12.5 pips for soybeans.
- CFD trading with indices is another interesting investment opportunity for clients of AxiTrader.
MetaTrader 4 (MT4) is the main trading platform of Axi which comes with several advantageous features including free VPS, Myfxbook copy trading, and the Autochartist tool. What differentiates the Pro account from the Standard is the low spreads and trading commissions applied to trading volumes. This account does not have any commission for trading Forex, only spreads. EAs are automated trading algorithms that can fully automate the trading process for traders and are compatible with MetaTrader 4 (MT4).
- This is the avenue US-based traders need to choose to trade forex to meet American regulation.
- For example, Australian customers can use BPAY or the Global Collect payment service, while those based in China can top up their accounts with China UnionPay.
- The broker follows policies that support transparency and client safety.
- These are the ECN instant trade order and Non-Dealing desk execution.
- Axi Elite is a VIP account that offers lower spreads and commissions than the other two account types.
Customer Support
Customers of the brokerage can trade the world’s most popular stocks commission-free, without owning any shares in the underlying companies. This puts traders, especially inexperienced ones, in a very risky position, as they could lose their entire investment (and sometimes even more). AxiTrader gives you the chance to try your hand at CFD trading with the BTC/USD currency pair. Here, you have the option to trade in whichever direction the market moves. Trading crude oil CFDs via the AxiTrader platform is a great way to diversify your trading portfolio and manage your risk with a proper strategy.
At AxiTrader, traders are presented with all the features they could possibly need. Part of its job is to guarantee the quick, effective, and impartial resolution of trader-broker disputes. Users will benefit from as many as 80 currency pairs, automated trading, and a free download. According to the leading financial industry research company Investment Trends, Axi was the most recommended Forex trading website in Australia in 2013.
Account types
This keeps traders award of developments in the Forex industry. In addition to the above, the broker also posts daily market updates. Axi also offers various online courses right from basic Forex introduction to in-depth market analysis.
You can fund your account using Visa, Maestro, JCB, and Mastercard debit/credit cards, Skrill, Neteller, bank transfers, or broker-to-broker money transfers. App users can also choose to become signal providers themselves so that other customers can follow and copy their trades. They can then start filtering the traders they want to follow and mimic based on different criteria, such as the types of assets traded, risk tolerance, and profitability. For this purpose, they must set up a profile within the app that is separate from their main account with the brokerage. axi review The app enables users to identify and automatically duplicate the positions of seasoned traders from around the world in real time.
CFDs for indices enable traders to speculate on the basket of underlying assets’ prices easily. Indices are useful for evaluating a sector or a major part of certain markets. Bullion refers to trading metals, and with Axi they are traded as CFDs. It will take a bit more capital to trade stock CFDs when compared to Forex which comes with higher leverage. Forex is by far the most important and biggest financial market globally.
Standard and professional accounts
It offers low-cost trading with best in class risk tolerance limits and different types of assets to choose from. The market is open 24-hours and one can trade at any point of time suited to their needs. Our Axi review above explains the wide range of financial instruments for trade like oil, silver, gold, CFD, etc.
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You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary. Important legal documents in relation to our products and services are available on our website. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset.
Major milestone for Axi as broker teams up with prestigious media publisher Bloomberg
One more option for registered clients of this platform is to trade crude oil, which is yet another valuable commodity on a global scale. Here, you can trade through the familiar MetaTrader 4 platform in the same way you would trade currencies. The platform enables you to keep your costs low thanks to its competitive spreads, some of which are as low as 0.0 pips. You can choose from a broad range of 80 currency pairs, including widely used currencies like GBP, USD, EUR, and JPY.
Step 1: Open an account
Axi is an established platform that attracts the attention of traders worldwide with its competitive pricing, low spreads, and vast range of currency pairs. Elite accounts are suitable for VIP customers who are looking to execute high-volume trades with reduced commissions and spreads as low as zero pips. This is not the case with professional accounts, where customers are charged a flat round-trip commission of $7 per standard trading lot. Experienced traders can choose between standard, professional, and elite accounts, all of which are free to set up. The in-browser version gives you greater flexibility and offers full market coverage of a variety of trading instruments, including forex, stock indices, and commodity CFDs.
Elite accounts offer several premium features that can potentially enhance performance. Either way, you are facing a minimum trade size of 0.01 lots and the option for automated trading. You can experiment with different financial instruments, including currencies, CFDs for stock indices, and commodities like gold or crude oil.
For scalpers, it is important to trade markets with the lowest spreads possible as they rely heavily on making many small profits throughout the day. Axi has numerous Forex pairs available for relatively low fees and offers several account types for different kinds of traders. With over 6 trillion dollars traded on a daily basis, it dwarfs all the other markets and is therefore a very attractive market for traders to seek out lucrative opportunities. Some brokers, especially those who provide traders with direct market access, tend not to have negative balance protection as they are only middlemen and not market makers. Negative balance protection occurs during leveraged trading when a trader overuses or abuses leverage and loses more than their account balance. Opening a swap-free elite account is also an option for large-scale traders looking to invest with zero interest, but USD is the only available base currency in this case.
Having this many regulators is not a small feat for any broker and Axi has the potential of becoming part of popular broker lists if they make their spreads and fees a tad lower. Because of the years of experience under their belt, the broker has built up a trader base of over 60,000 clients from 100 countries. Then you must choose the subject of your enquiry, i.e., whether it concerns withdrawals, deposits, trading, updating your account, and so on. Islamic accounts are routinely monitored to ensure account holders are using them as intended. Elite account holders can further hone their skills by participating in webinars that teach them new, advanced trading strategies.
For funding purposes, there are numerous methods supported, many of which are fast and reliable electronic systems. The base account currencies are AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD, just like in the case of the Standard account. There are 14 index futures CFDs and their spreads are generally higher than for index cash CFDs. There are 17 index cash CFDs offered by Axi and the lowest spreads are for NETH25 (Netherlands 25) from 0.2 pips, SGFREE (Singapore Free) from 0.25 pips, and US2000 from 0.4 pips. Commodity future CFDs have more instruments, 9 in total, with soft and hard commodities included and spreads starting from as low as 0.4 pips for BRENT.fs, SILVER.fs, and WTI.fs. There are also commodity cash CFDs that include USOIL and UKOIL which have the same spreads, from 3 pips.
The demo account gives you access to real-time spreads and execution speeds without exposing any of your actual capital to risk. Customers who cannot deal in interest due to their religious beliefs can register swap-free Islamic accounts. Those who are completely new to the platform can set up a free demo account. In comparison, customers who use bank transfers, broker-to-broker transfers, or Global Collect will have to wait between 3 and 5 business days, sometimes even longer.
