Axi Review – Online Platforms, Commission, Leverage, Account Types, Features & more
Are you looking for a reliable and advanced online trading platform where you can trade in FX and CFD in a hassle-free style? Axi might live up to your expectations.
In this article, we’ll draw out all the points related to Axi Review. Why it’s best? What features you get in it?
In simple words, we have put together all the essential details about this online trading platform.
About Axi & Accepted Countries
Axi was formerly known as AxiTrader, for a long time has been turning out as a much-preferred option among traders. The forex broker was initially founded in 2017 in its parent country- Australia.
But with time, the company expanded its roots. Hence, you can find Axi’s other branches in London and China as well.
With its high-end trading features, the company has been setting up a new trend for the traders. You can also call Axi as AxiTrader.
The platform allows you to kick off trading in your favorite asset classes. The broker is basically famous for its foreign exchange speculative trade services.
For instance- They enable you to trade in commodities, indices, metal, and Bitcoin.
|Founder / CEO||Rajesh Yohannan|
|Regulations||FCA, ASIC, FMA|
The company has also laid down an esteemed image in the market because of the safest trading experience that the company provides to its users.
At present, the company is serving its thousands of clients in 150+ countries. Beyond a doubt, it can be your new destination to begin trade with.
Open a Forex Trading Account Now! – Fill up the Form
Axi Trading Platforms
Axi trading platform runs on MetaQuotes. You can use ‘AxiTrader’ on its primary trading platform-MT4 ( Meta Trader 4).
Don’t worry: even though you use Android or Apple Devices, they take care of your choices. That’s why the MT4 is available for both versions.
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Multi Account Management||Yes|
|Trading Platform Supported Languages||English, chinese and 12 oher languages|
Yes, you can use the platform on your Mac or Windows devices. Also, traders can make use of MT4 NextGen, which puts forward advanced functionality.
Similarly, a trader gets the opportunity to take prompt action with a decent plan. Altogether, you can trade quickly, thanks to easy-to-use features.
Also, in extra options, you get educational materials. It makes them a great option for an amateur trader to turn on trading easily.
It’s the best part about the broker, as the platform makes sure that the trader receives everything that they want, to get started.
Axi Mobile App
Yes, Axi has a mobile app that takes care of the mobile user’s convenience. The app is accessible for both Apple and Android devices.
Download the Axi app from the play store or apple store and start off your journey. The app is easy to use.
A trader can also switch their trading activities from their mobile device to desktop or vice-versa without losing their position.
The app is easy to navigate and delivers a seamless user experience.
Moreover, you don’t find any big difference between mobile and web-based trading platform, which is also a good point.
If we talk about the interface of the app, it’s quite attractive and feature-rich. This ensures full support to the traders.
Check out Mobile Apps of more Forex Brokers
Axi Commission or Brokerage or Fees
In our Axi Review, we haven’t found anything specific with the spread and commission structure. What you find here, other sites also follow the same structure.
For instance- in a standard account for EUR/USD, the average spread is 1.24 and 0.44 in the pro account. Similarly, for GBP/USD, the average spread is 1.73 and 0.85 for the pro account.
But, no commission for trading is charged by the broker on a standard account. Therefore, the spreads start at 1.0 pips only for standard account holders.
On the other hand, if you choose a pro account, you should be ready with $7 to pay as a round trip commission. Nevertheless, the spreads in the pro account open up from 0.0 pips.
|Commission on trades||Yes|
Axi Exposure or Leverage
The leverage levels can vary because it can be set as per the personal choice of the individuals.
Still, if we draw out the details on leverage that Axi offers, it can go up to 400:1. Perhaps, it’s a bit high if we contrast it with other trading platforms in the industry.
But, that isn’t a surprising fact, because there are plenty of online trading platforms available out there offering the same leverage.
However, most of them also offer 500:1. But make sure you go ahead with the right decision and don’t give rise to the financial burden.
Payment Methods provided by Axi
You can fund your Axi Trading account using the below-stated payment modes, such as.
|Deposit Options||UnionPay, Credit cards (Mastercards, Maestro, and Visa cards), Debit cards (only Maestro and Visa cards), Neteller, Skrill, MoneyBookers, China Union Pay, Bank Wire|
|Withdrawal Options||UnionPay, Credit cards (Mastercards, Maestro, and Visa cards), Debit cards (only Maestro and Visa cards), Neteller, Skrill, MoneyBookers, China Union Pay, Bank Wire|
- Credit cards (Mastercards, Maestro, and Visa cards)
- Debit cards (only Maestro and Visa cards)
- Other payment options: Neteller, Skrill, MoneyBookers, China Union Pay, Bank Wire
Don’t worry: your payment is safe and can be made throughout the day. Also, no fees are charged if you want to make the payment through a credit card.
The transaction time can vary. If you’re paying through Bank Wire, it’ll easily take 1 to 3 working days for the amount to reflect in the account.
However, for the withdrawals, you may have to wait for 1- 2 days. If you are an international client, withdrawal can easily take 2 to 5 days.
In most instances, the AxiTrader may ask you for identity proof for the withdrawals to ensure a safe transaction.
Find out Payment Methods provided by other Forex Brokers
Investment in Asset Classes or Markets by Axi
Investment in your favorite asset market is simple with Axi: you can choose from the following asset classes to start trading-
- Trade in the Cryptocurrencies
- Trade in the Forex with over 61 different currency and 80+ currency pairs
- CFDs trading includes commodities, metals, oil trading, gold and silver trading, indices trading and bullion trading, etc.
Trading is safe and reliable with AxiTrader because the company adheres to the international security standard. So, all along in your trading experience, you’ll not encounter any issues.
|Supported Cryptocoins||Bitcoin Cash, Bitcoin, Ethereum, Litecoin and Ripple|
|Total Tradable Assets||130+|
|Number Of Currency Pairs||66|
|Number Of Cryptocurrencies||5|
|Number Of Stocks||NA|
|Number Of Indices||10|
|Number Of Commodities||6|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
Axi Virtual Trading Account or Demo Account
Axi does a great job of including a demo account in its online trading platform. This virtual account enables the new traders to build up a strong foundation in the trading fundamentals.
An expert trader can step up their experience level through these features provided by AxiTrader.
Hence, if you also seek anything that helps you learn to trade, then go with this dummy trading method.
In the demo account, they provide a $50,000 virtual balance. However, the demo account features both a standard account and a pro account in a dummy version.
That’s how they take care of their users.
Axi Offers or Deals
Currently, Axi doesn’t offer any special bonuses or offers. Still, you can choose to view their e-books, video tutorials, attend webinars, and online education.
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||No|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||Yes|
|Trading Bonuses & Rewards||Yes|
Axi Regulation or Licensing
Axi is regulated by one of the world’s top regulators- named ASIC (Australian Securities and Investment Commission) and FCA (Financial Conduct Authority) in the UK.
Both ASIC and FCA are the most trusted and highly-acclaimed financial regulators. That’s why you will never encounter a trust issue with AxiTrader.
However, for the Dubai operations, the trading platform is regulated by DFSA and FMA in New Zealand.
In 2017, the brand came into the limelight for its achievement of being the “Most Reliable Forex Broker.”
That’s why whoever the client engages can start off trading without worrying about threats.
|Regulations||FCA, ASIC, FMA|
Find out Regulations & Licensing of more Forex Brokers
|Easy Markets||Fusion Markets||Go Markets||IronFX|
|FP Markets||FXPro||IG Group||Libertex|
Axi or AxiTrader Features
AxiTrader, along with its power-packed features, spice up your trading experiences. Every option in Axi shares an ultimate pleasure.
For instance, a trader can get industry news and amplify its knowledge on the latest ups and downs in the market.
The regularly updated blog ensures that the user grasps clear-cut information about trading. The economic news is the major portion of interest among traders.
Through guides and infographics, AxiTrader turns out more than just a trading platform because it delivers advanced insight to the trader through vivid data.
Also, they alert mobile users on all the recent activities carried out within the trading environment.
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||Yes|
|Interest On Margin||Yes|
|Other Trading Features||No|
Axi Account Types
Take a look at the types of accounts that the company is offering:
|Account Type||Standard Account||Pro Account|
|Spread||From 0.4 pips||From 0.0 pips|
|Commission||None||$7 round trip (USD)|
If you’re planning to get going with AxiTrader to trade, make sure you’re clear on your decision to choose the account.
The Axi offers two different account options to the traders to choose from: such as the standard and pro account.
However, the commission and spread options are the only points that make one account different from another.
For instance, if you’re choosing a standard account, you pay no commission, and ‘spreads’ start at 1.0 pips.
On the other hand, if you choose a pro account, you pay $7-AUD for a spread at 0.0 pips.
Axi Account Opening Process
The overall account opening process in AxiTrader is quite simple and user-friendly. Still, there’s one thing that irritates traders a lot.
The account opening process takes a long time: that’s why you must have some patience for this. The rest of the process is fully digital, so let’s take a look at the steps stated below-
(Note: there’s no minimum required. Also, the Axi account is split into three categories Individual, Joint, and Corporate. Each account features a varying fee structure.)
Account Opening Process
Follow the steps to open a trading account in Axi-
- Stay ready with the entire personal information, e.g., email address, identity proof, and residential address.
- Choose the account type, e.g., standard or pro account.
- Answer frequently asked questions to help the system check your trading experience.
- Follow the Verification process. And upload a copy of your original documents, e.g., ID card, Passport or driving license, utility bill, and bank statement.
Now, you’re all set to trade.
Axi Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||No dealing desk|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
Alpari – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||Yes|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||Yes|
|Free Stock Tips||No|
Let’s have a glance at the key benefits you get on using Axi for trading-
- The interface is well-regulated and easy to navigate.
- The brand adheres to regulations set by top-tier regulatory bodies.
- Software MT4 NextGen has enhanced the overall functionality.
- The educational tools and features are quite brilliant.
- Instantly switch your trading activities from Mobile to Desktop devices and vice-versa.
- Clients who live in an Islamic country can now use it because recently Islamic account option has also been included.
- The trading platform doesn’t provide additional options aside from MT4: hence mostly traders dislike this thing.
Axi Trading Hours
The trading hours are difficult to predict for any online trading platform. The major reason lies in the actual market timeframes.
In most countries, the market follows different time zones. That’s why, in most instances, you may encounter this issue at all trading platforms.
But if we solely talk about Axi trading hours, so the brand is ready to provide you 24 hours support throughout a week.
Even though you seek resolution on Sundays or holidays, get prompt solutions with their multiple customer support options.
Axi Customer Care & Contact Details
Feel free to contact AxiTrader through the following contact modes and get a prompt solution for your entire queries.
The Axi customer care support remains active for 24×7 hours to assist you.
- Live chat: Get the live chat right at the official website.
- Australian Free Phone number: 1300 888 936
- International contact number: +61 2 9965 5830
- Email: email@example.com
- Additional Free Phone Numbers: Find them on the official website
|Support During Weekends||NA|
|Live Chat Support||NA|
|Customer Support Languages||English, Chinese, and 12 other languages|
Axi Safety & Security
All data that Axi asks you is safe. Thanks to the cutting-edge software and regulatory bodies, which make AxiTrader the safest and reliable place for trading online.
Alpari Rating & Reviews
Based on different users and their experiences below are the company rating and reviews:
|User Experience||8.8 / 10|
|Products & Services||8.8 / 10|
|Brokerage Charges & Fees||8.1 / 10|
|Research & Advisory||8.6 / 10|
|Trading Platforms||8.1 / 10|
|Overall Ratings||8.5/ 10|
|Total Client Reviews||148|
Axi Trading Verdict
Axi is truly an amazing platform to get trading started. The platform is also amazing because of its educational tools and helpful features that turn on the traders’ smart trading journey.
The overall functionality helps you to enter the trading market confidently.
However, for starters, the mobile app is quite a helpful thing because it helps them stay up to date with the ongoing activities happening within the market.
The account opening doesn’t demand any minimum deposit from you. That’s why you can take the initiative to start your trading journey with AxiTrader.
The demo account will assist well in how to use this online trading platform.
Everything about Axi is truly amazing, except for ‘leverage, which is relatively high. But it will only bother a few people.
Open a Forex Trading Account Now! – Fill up the Form
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