If you have been a victim of this broker, don’t hesitate to leave us a comment to report this broker and avoid other people from being victims. We put you in touch with the best money recovery company that has existed since 2016, MyChargeBack. We have received positive feedback from them and their experts are very professional. You just need to complete the form below (if you have lost more than $5000, use our Chatbot directly). If you are on this page it’s that you are victims of AxiTrader. You are surely unable to withdraw your money, it’s the most common scam of fraudulent brokers.
It has gathered various awards including as the most trusted Forex broker. Since Axi was founded by traders for traders, the firm understands the importance of costs and fees in trading.With that said, Axi does not charge an inactivity fee or withdrawal fees. What’s best about trading with Axi is that it has no minimum deposit requirements, you are free to deposit any amount. We can say that the fees and costs of Axi are favorable for traders. Almost real-time equity arch provides traders to help observe risk capital and regulate trading risk better. Many retail accounts lose money when trading in the financial markets.
AxiTrader provides access to trading CFDs of commodities, gold and silver, Crude Oil, and 11 equity indices. Trading metals allows for margins of just 1 percent and the ability to sell long or short. It is an OTC trading without commissions or brokerage fees on standard accounts. Those features are typically true in other types of AxiTrader CFDs as well.
You will not be scammed while working with AxiTrader in Canada or any other country because it is regulated by many regulatory authorities. For standard accounts, the broker offers fixed spreads at 1.0 pips and no commissions. Pro accounts, however, have spreads starting with 0.0 pips and a 7 AUD commission for each trade. Axitrader Trading platforms, tools and educational resources are a vital part of the trading experience. Most brokers offer a selection of MetaTrader 4, MetaTrader 5, and a version of the WebTrader platform.
Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at and we will help you with this step as well. If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back.
After opening an account, you can access the account through the AxiTrader login! If you have any issues when trying to open an account, you can get in touch with customer service through phone support, email address, or live chat. Remember many retail accounts lose money when trading in the financial markets. Even though the trading company provides a very competitive fund deposit price, the recommended min deposit is $200 for trade purposes.
How we ranked fees
You can simply download it completely free from a Mac-based solution. The company is a member of theFinancial Services Compensation Scheme . That is to say that he has offered trading in a country where he doesn’t have a regulated license. Many brokers pretend that they have a license when they don’t have one. It uses the name of a company that owns one and pretends that it belongs to them. In general, it uses a similar regulated company name for users to be tricked.
There is also the ability to see the time left until key news events. Myfxbook Autotrade is a community application for copy and social trading. It is connectible to other trading accounts and lets you follow traders or let them follow you. It takes less than 30 seconds to link an AxiTrader account, and there is a detailed guide on the AxiTrader website. The tool allows you to set up automated alerts for emerging or completed chart patterns.
The primary reason why the AxiTrader Forex trading platform prefers to use the popular MetaTrader 4 is that the application is built for traders of all experience levels. Traders can opt for similar order types and order time limits as AxiTrader’s web platform. However, because the broker is regulated by the ASIC, FMA and FCA, there is a high chance that it is not a scam.
The stock index, commodity, crypto and stock CFD selection is average, although it is constantly expanding. Meanwhile, other products, such as stocks, ETFs and bond CFDs are not available. A bank transfer can take several business days, while payments with a credit/debit card or electronic wallets are instant. Axi’s base currency selection is great compared to competing brokers.
The broker has kept expanding since then and started offering their services in China in 2015 and the middle east and Germany in 2016. The expansion has continued unabated and has since seen AxiTrader reaching 150 different countries. Axi accepts traders from the UK and South Africa and has an office in each. Traders from Malaysia, Singapore, and Canada may also open accounts at Axi, but US traders cannot trade at Axi. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Axi Pro account.
AxiTrader Customer Support
There are 4 types of accounts offered at Axi including the Islamic account that can be requested through contacting the customer support. The standard, pro and elite accounts are the options offered with MT4 platform with a lot of facilities through it. It offers access to forex and CFDs via the MT4 platform and a range of additional tools. There is a nice demo account available to test out the broker before opening a live account but unfortunately this is limited to a 30 day period. To enhance the ability of AxiTrader clients to make informed decisions, MetaTrader 4 offers forex trading signals. These include ready-made trading strategies, and there are thousands of them.
These online trading workshops are complimentary to clients and designed to appeal to a range of skill levels. AxiTrader’s experienced traders host regular online workshops. Autochartist offers a convenient MT4 plugin, so you can seamlessly put this particular resource to good use. With Autochartist, AxiTrader clients are able to enjoy continuous market scanning of an intraday nature.
A broker must pay for regulated licenses to be able to offer trading. AxiTrader doesn’t pay for licenses but it does offer trading which is prohibited by law. Founded in 2007, AxiTrader offers flexible leverage, which becomes a high gain option for a trader. They recommend it axitrader review for its rewarding trading environment, smooth browsing experience, and user friendly dispute resolution process. The application is extremely user-friendly, and numerous world-class trading tools and graphs are available, which makes it ideal for all forex and CFD traders.
It also allows you to code your own bots or “EA” in order to automate your trading. For those who do not know, MT4 is a third-party trading program that was developed by a company called Metaquotes. This is one the most widely used external trading software currently on the market. They have over 10 different toll-free numbers that you can call any time of the day (Monday-Friday) should you have problems with your account. These are based in a number of different regions which means that you will get local language support. However, if you are just starting out or you do not trade with that much regularity then you should consider the standard account.
Broker Types
It’s a shame that a good trader like Axi is offering only one trading platform despite it being the best in the market. There is, for example, MT5 which is an upgrade from MT4 and other platforms. In my opinion, it might be the broker wanted to focus their efforts on 1 platform and to put all the tools and details in only one place to make it easier for the customers. It has additional branches around the world to serve international clients.
If you develop your own trading signals, you can allow others to follow them. The use of MT4 forex trading signals makes it possible to trade at any time of the day. Since the trades are completed automatically, they can occur even if you are not at the trading terminal. The MT4 Multi-Account Manager lets AxiTrader clients manage as many accounts as they want from a single trade terminal. This MAM integrated software tool allows you to use a master account and execute block trades on all accounts.
- AxiTrader and AxiCorp Financial Services Pty LTD are two different entities.
- It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back.
- The MAM terminal includes six allocation methods and trade sizes from just 0.01.
- It gives you access to the same depth of pricing as institutional businesses like banks, financial institutions, and hedge funds.
- I think beginner traders can start there and then research more online.
At the same time, some brokers do offer demo accounts for an unlimited time period. That said, 30 days of access to the demo account should be enough for potential traders. It is sufficient time to determine if they want to trade with AxiTrader. It should also give beginners enough time to start honing their skills without risk. As such, the platform understands the features traders want and aims to deliver them. AxiTrader gives clients access to MetaTrader 4, which is perfect for trading indices, commodities, and forex.
AxiTrader Education
It suggests insights to place orders and manage investments of its users. Axi offers a trading account for Islamic traders due to religious beliefs. Islamic trading accounts featuring no swap fees or interest payments. The broker delivers its services for hard and soft commodities, including 31 equity CFDs and 6 cryptocurrency CFDs. The asset selection of this broker is quite limited, which makes a proper diversification of cross-assets unfeasible. Any type of trader would want to be able to trade anywhere and whenever they want.AxiTrader lets you enjoy trading wherever you are whenever you want with its mobile trading.
All of the offers, as well as pricing for each VPS partner, can be found on the AxiTrader website. PsyQuation Premium is a platform that AxiTrader clients can utilize for free. That PsyQuation platform already has a reputation for offering among the most advanced platforms in the world for retail traders.
This facility is applicable only for customers from the European Union. I saw that they accept cryptocurrency deposits and withdrawals, but I haven’t used this method with them yet. At the time I deposited, the profits had to be withdrawn by a bank account and not by crypto too, so I decided to do it by bank transfer.
This is helpful for traders to manage their risk around potentially market moving news. It can also be used by those who like to trade using https://forexbroker-listing.com/ an event driving strategy. They will trade the excess market volatility created by misses or overshoots of the forecasted numbers.