AXI Demo Account – Opening Process, Charges, Features, Benefits & moreLast Updated Date: Apr 29, 2022
Find out everything about AXI Demo Account or Virtual Trading Platform here. As a beginner in the trading world, it is wise to research more and more to avoid loss.
In the current day, Demo accounts are a great tool for beginner traders to learn how to trade without using actual money
Demo accounts will offer you virtual funds which help in risk-free trading. Not only beginners but expert traders also use Demo accounts to test strategies and research more for earning maximum profits.
The Forex broker also have a demo account in association with the MT4 trading platform. In this article, we will discuss more on AXI Demo account.
You will also get to know more about the advantages and benefits of AXI Virtual Trading Platform. You will also get to learn about the demo account opening process in detail.
AXI Demo Account
A demo account usually helps you to practice trading which is quintessential for beginners or else they may end up losing money.
As a beginner, you will get used to the trading platform when you use an AXI demo account.
This demo account has all the features of the live trading account and thus without worrying about losing money.
The main feature of the demo account is that it has $50000 of virtual money which you can use for trading and even if you bear a loss, then you don’t have to worry about it as it is only virtual money and has nothing to do with real money.
This account is a simulator of the live trading account. AXI provides this account through association with the MT4 trading platform.
The demo account is 100% free of cost and comes under a 30-day trial package. Thus after 30 days, the account will expire automatically.
However, with the AXI demo account, you can get access to execution speeds and real-time spreads.
Open Demo Account Now! – Zero Commission on Trades
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AXI Demo Account Features
The AXI Demo account powered by the MT4 trading platform comes with lots of features like other brokers out there.
It comes with $50,000 of virtual money which you can use for spreads and forex trading along with other trading assets.
Apart from that, it has other features as well. Some of the important features are as follows:
24 Hours exclusive account manager
You will get a dedicated account manager for your trading account as well as your demo account when you sign up for the AXI demo account.
They will guide you and solve your queries and they will be available 24 hours for 5 days a week.
Get an MT4 account with your registration
You will get the trading account powered by MT4 specialized for AXI clients.
MT4 is an online trading platform of great stature and most of the big brokers use this platform as their trading platform.
They also have the Virtual Trading Platformm designed for AXI users which are hardcoded with ease of use.
A replica of the live market environment
You will get the exact point-to-point clone of the live trading account.
You can get real-time charts and can use the real-time features of a live trading account.
Also, you will be given trading tools and as you will have virtual money as well, hence you will be able to use the features freely without thinking about profit and loss.
AXI Demo Account Charges
|Demo Account Details|
|Virtual Money||$ 5000|
The AXI demo account powered by MT4 comes free of cost and this means you will just have to sign up for the AXI trading account and you will be given access to the demo account for free.
This account will have all the free tools as well as the paid tools. You will not be charged for any premium tools you use.
They will also include $50000 of virtual cash which you can use for trading.
However, the demo account and the virtual money will expire in 30 days as it is a 30-days trial package. After that, you will have to opt for the AXI live trading account.
There is always an option to transfer your demo account to a live trading account.
How to open AXI Demo Account?
The process of opening an AXI demo account is very simple.
Since this demo account is for beginners hence you will be having a very easy and smooth process for registration.
Follow the steps given below:
- Go to the official AXI website and navigate to the AXI demo account portal.
- Click on Open a Demo account and prior to that ensure you have read the terms and policies.
- You will then be presented with a demo account opening application form.
- You will have to fill-up the form with name, email address, phone number, Address, and country along with other personal details
- Once you have filled up the form with your account details, you will have to then accept the terms and conditions of AXI and then submit the form.
- They will then ask for documents that you will have to upload to their portal.
- Once you have uploaded the documents, they will verify the details manually and will set up an account for you.
- Usually, it takes few days before you get access to your demo account
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Advantages of AXI Virtual Trading Platform
AXI live trading account consists of lots of features that make it easier for a trader to earn huge profits.
The experienced traders know the ifs and buts of the features which is why they can take greater risks but this will be very risky for a novice user and which is why the AXI Virtual Trading account comes into existence.
A Novice user can learn and practice with the trading tools. Let us take a look at the AXI demo account features:
- As a new user you will be given access to virtual funds worth $50,000. You can use this with any of the trading tools available in the demo account. However, you cannot withdraw any profits
- You can transfer your demo account into a live trading account which means you don’t have to fill up a registration form again to get a live trading account and if the KYC verification is already done then you will get your trading account instantly.
- You will have your personal dedicated account manager who will help you in using your AXI demo account. The dedicated manager for the AXI virtual trading account will be available 24 hours a day and 5 days a week.
- You will have access to real-time spreads and trading tools and all this will take place under the MT4 trading platform.
AXI Demo Account – Conclusion
AXI Demo account is a great set of tools for novice users.
They will replicate the live trading account point to point and give it to you like a demo account for 30 days.
Once 30 days have passed by, your account and the fund included in it expires and you have to request a new account.
The AXI Virtual trading platform has virtual money worth $50,000 which you can use to practice trading with real-time spreads and trading tools.
The account opening process is very easy and can be easily done in a matter of seconds.
You will have to wait till the KYC verification is complete before you get access to your account.
AXI demo account has one of the greatest features which is, once you have registered for a demo account, you will not have to re-register for an AXI live trading account as the AXI demo account will be converted into an AXi live trading account.
AXI has a partnership with the MT4 trading platform which is the world’s most popular trading platform and is used by many brokers.
Thus the demo account you will be using will be under the MT4 trading platform.
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AXI Virtual Trading Account – FAQs
Here is the list of FAQs related to the AXI Virtual Trading account:
Does AXI provide Demo a/c?
Yes, AXI provides its users with a demo account.
The AXI demo account has all the features of the AXI live trading account and you will be given access to $50,000 virtual money, pre-installed in your trading account.
How to Set up AXI Demo Account?
Setting up an AXI demo account is very simple.
You will have to navigate to the AXI Demo account web portal and click on the “register for a demo account” link.
Thereafter you will be presented with the Demo account application form.
You have to fill it up with personal details and upload the necessary documents for KYC verification. Once verified you will be given access to your demo account.
Is AXI Virtual Trading Platform Free?
Yes, AXI Virtual trading platform is free of cost and you will have access to all the premium trading tools as well where you can use the Virtual trading money to practice trading before diving into the real scenario.
What are the Fees of the AXI Demo Account?
There are no fees as such, involved in the Demo account opening process.
Also, the account will be valid for 30 days as part of the free trial package and hence there are no monthly charges as such.
Is AMC levied on AXI Virtual Trading Platform?
There are no AMC or Annual maintenance charges as such associated with the AXI virtual trading platform.
Since the account stays active only for the span of 30 days.
Is AXI Demo Account the best?
AXI Demo account is obviously one of the best virtual trading accounts as it is mastered by the popular MT4 trading platform.
One more thing which puts it above others is that it gives you $50,000 virtual money for trading.
What Documents are required for AXI Demo Account?
You will have to show your ID card which must be approved by the government, driving license, Age proof, citizenship certificate, PAN card, and TAX details.
Is PAN required for Opening AXI demo Account?
To open an AXI demo account, you will have to verify KYC in order to get access to the account.
During the process of verification, you will be asked for PAN card details as well.
Does AXI Charge a Demo Account Opening Fee?
No, AXI does not charge a demo account opening fee.
How much Virtual Money do you get in AXI Demo Account?
As part of the virtual trading account plan, you will have access to $50000 virtual money pre-installed in your AXI demo account.
Open Demo Account Now! – Zero Commission on Trades
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