Axi Trading Account – Review, Types, Process, Benefits, Charges & more
Find out all details about Axi Trading Account here.
Axi, also known as AxiTrader, is a very popular broker in the Trading Community. It is originally based out of Australia and has spread over 150+ countries worldwide.
The company was established in 2017 in Australia and since then it has risen in popularity exponentially.
The broker is known for following the best safety protocols and providing utmost security to users during trades.
Axi trading account has high-end trading features and will let you start trading on your favorite trading classes.
Axi lets you trade indices, spot metals, commodities, Forex currency pairs, and cryptocurrency.
In this article, we are going to share more details about how an AXi trading account works, features, and benefits, and at the end of the article, you will get to know about the most frequently asked questions and their answers about an Axi trading Account.
Axi Trading Account and Benefits
AXI trading account has a well-regulated interface that is easy to Navigate.
The Axi trading account strictly follows safety protocols set by top-tier regulatory bodies which makes it safe enough to make crucial transactions.
You can use the Axi mobile trading app which is the MT4.
The MT4 comes with lots of advanced functionalities all on the tip of your hand.
In this way, you can switch from desktop to mobile and from mobile to desktop at your convenience.
In the Axi Trading account, you will have access to lots of educational tools and resources which will eventually help you to master trading through the Axi trading platform.
There is an Islamic account type as well for those who are residing in Islamic countries.
Fill up the Form – Open Forex Trading Account Now!
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Axi Trading Account Charges
|Trading Account Charges|
|Account Type||Standard Account||Pro Account|
|Spread||From 0.4 pips||From 0.0 pips|
|Commission||None||$7 round trip (USD)|
Axi trading accounts have the best commission or spread for Forex currency pairs.
For a standard account, the spread is 1.24 while the spread for a pro account is 0.44 for USD/EUR pairs.
The spread for USD/GBP is 1.73 for a standard account while for the Axi trading pro account it is 0.85.
The Axi trading account charges zero commission fees for the standard account and thus spread starts at 1.0 pips.
The spread starts at 0.0 pips for a pro account but there is a $7 charge that they levy as commission.
Usually, the spread and commission are quite similar to what other brokers provide but still better than many.
Types of Axi Trading Account
|Types of Trading Account|
|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|
There are two types of account types associated with an Axi Trading account.
Let us take a look at these two trading account types:
Standard Axi Trading Account
The standard Axi trading account does not have any minimum deposit requirements. You can start as low as $1.
The spread in the Standard Axi trading account starts from 0.4 pips and is free of commission charges. The leverage you will find with this account type is 1:500.
There are no charges in withdrawals and deposits as well however your bank may levy some processing fee.
Please contact your bank to know more before you proceed with depositing or withdrawing funds.
Pro Axi Trading Account
The pro-Axi trading account does not have any minimum balance requirements which means you can start trading with as little as $1.
The spread for pro-Axi trading accounts starts from 0 pips and as a reason for this, they are charging a $7(USD) round trip.
The spread for AUD is also 0.0 pips and the commission is $7 (AUD). The leverage is the same as the standard account which is 1:500.
Axi Account Opening and Trading Process
The account opening process in Axi is very simple but the time to approve and verify takes a lot of time which is why you need to be highly patient.
The account opening process is fully online and they will even verify KYC online itself.
Other than this there are no restraints like the minimum amount for the deposit which gives you the benefit.
You can also apply for Individual, joint and corporate accounts.
Let us take a look at the Axi trading account opening process:
- Go to Axi official website and then click on the signup option
- Before going further you need to keep personal details like email address, residential address, and identity proof handy
- Next, you need to select the account type from the option of Standard account type and Pro account type
- Now fill in the form with your details. Remember to fill the details with utmost accuracy and as per ID proof, you will be uploading as any contradictory information may result in the cancellation of your application.
- Next, you will be asked to upload the ID details upon which the KYC verification will be initiated.
- KYC verification takes some time so you need to have patience till it gets verified.
- Once KYC is verified you can start trading.
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Axi Trading Account – Features
|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’s online trading account has lots of advanced features that many brokerage platforms lag. Let us take a look at some of its features
Alerts, Updates, and Notifications
Axi trading account provides all the latest updates about the stock market.
You can get to know a lot about the latest ups and downs in the market which is very crucial in trading.
Apart from this, they will provide you email alerts about any anomaly in your account.
They have a blog that has all the latest information about the trending technologies in the market which makes you stay ahead of other traders.
Through extensive information, they deliver advanced insight to the traders.
Automated Trading with Axi Account
With the Axi trading account, you can do automated trading which means you can set up funds in your account and set your preferences.
Trade bots will process this information and eventually help you to trade automatically.
This is quite helpful as we can’t stick to the platform all day to find a better trade window.
Other features of the Axi Trading Account
Axi trading account offers OCO orders and has trailing SP/TP.
It offers VPS services as well and you can do API trading as well.
Trading from the chart, Offers Hedging, and margin interest are its other key features. It also has a feature called one-click trading which means you will always get a hassle-free experience.
The broker also gives out promotional offers with which you can benefit a lot.
An expert advisor can help out the newbie in this platform with their extensive knowledge and experience.
Axi trading account Payment methods
To deposit funds in the account you can use the following options: Credit cards including Mastercards, Maestro, Visa cards, UnionPay, Debit cards like Maestro and Visa cards, Skrill, Neteller, MoneyBookers, Bank Wire, and China Union Pay.
To withdraw funds the following options are only available: Mastercards, Maestro, Visa cards, UnionPay, Debit cards like Maestro and Visa cards, Skrill, Neteller, MoneyBookers, Bank Wire, and China Union Pay.
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Axi Trading Account – Conclusion
Axi is a wonderful trading platform for the newbie as well as the experienced traders.
The Axi trading account has lots of tools and helpful features that let you stay ahead and updated all the time about the latest trend and technologies of the market.
The account opening process is quite smooth but the KYC process takes a lot of time to get verified.
They have a mobile app as well which will help a newbie trader to start trading with ease.
There is no minimum deposit attached to the terms and conditions and thus you can trade with as low as 1$.
One more thing to notice about Axi is that they provide a demo account which helps you to understand a lot about the trading process in Axi.
Leverage is relatively high, and this is a drawback of the Axi trading platform.
Axi Online Trading – FAQs
Here is the list of FAQs related to the Axi Online Trading:
Does Axi provide Online Trading?
Yes, Axi provides online trading and its trading process is completely online.
The account opening process and KYC verification are also done online.
What are the Commission Charges in Axi?
There are no commission charges for an Axi standard trading account however there is a USD 7 round trip for a pro account of Axi.
Does Axi provide Demo account Trading?
Yes like other big brokers Axi also provide Demo account trading which is very same as the live trading account
Is trading Free at Axi?
Trading is free at Axi however there could be charges based on the account type you are choosing.
Your bank may levy some charges based on the transaction method used.
You can contact your bank to know more about this.
Does Axi provide Spot Metals Trading?
Yes, Axi provides spot metal trading for Gold and silver as they are the most trusted and oldest form of currency.
You can do a spot metal trade on the MT4 platform in the form of CFDs.
What are Spot Metals Trading Charges at Axi?
There are no brokerage fees or commission charges associated with spot metals trading at Axi.
Does Axi provide Stock Trading?
Yes, Axi provides stock trading as well.
What is Spread at Axi?
The spread starts at 0.4 pips for the standard Axi account and 0.0 for a pro-Axi trading account.
In pro, you have to pay $7 round trip USD as commission charges.
Is Axi safe for trading?
Axi is highly safe for trading however 77% of the traders lose money while trading with CFDs because of high leverage and less knowledge about CFDs.
Does Axi provide Trading Tips?
Axi does not provide any trading tips directly but they will present you with the latest updates from the stock market and will send you email alerts.
They have expert advisors set, who are ready to help you in every possible way regarding trading.
Fill up the Form – Open Forex Trading Account Now!
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