For Standard Accounts, the fees are incorporated into the bid-offer spread for every product. Since they are a market maker, the price offered depends on other factors and may differ from the prevailing underlying market rates. Even better, is the fact that AxiTrader pledges to credit up to #34.99 of the monthly ForexVPS fees for their customers who trade more than 20 lots in a month. MT4 is a world-renown platform that will give traders the best features and ease-of-use benefits. When it comes to fees, you should know that they vary depending on the account you get and what you trade. You will not be charged inactivity, deposit/withdrawal, or account fees.
- Remember, if your account gets to 20% equity then your position will be liquidated quickly.
- However, it is easy to see that AxiTrader still has to fix its trust with the clients.
- We downloaded the book and it appears to be pretty stock and standard (not a customised solution).
- Regulatory compliance is critical for any broker, and AxiTrader stands out by adhering to stringent guidelines that protect investor interests.
- There are other administrative charges that you may incur which include things like sending duplicate statements as well as debt collection charges.
When using Axitrader, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. With STP execution on the Axitrader platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.
- To put the cherry on top of the cake, AxiTrader has mobile compatibility for trading.
- They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.
- AxiTrader prides itself on its customer support, available 24/5 via live chat, email, and phone.
- This allows you to follow the trading strategies of a group of professional traders.
- Between 74–89% of retail investor accounts lose money when trading CFDs.
- This could be an attractive solution for those professional traders who trade high volume through their algorithms.
Account Types
AxiTrader offers clients the opportunity to trade on a forex demo account. To take advantage of its 30-day free version, you need to register in the “Free Demo” section of the axitrader.com website by entering your initials, phone number and email address in the form. You can now work on this account, using $50,000 of virtual money to get hands-on experience in the market.
Tobi’s main area of expertise is in personal finance and the Forex industry. He has contributed to top platforms such as Investopedia, GoBankingRates, and Investing.com, where his expertise in Forex markets and digital assets is widely recognized. That, however, is not a problem for local payments or other withdrawal methods. First of all, the Standard account has fixed spreads starting with 1.0 pips. After you fill it out, AxiTrader specialists will help you transfer the money. Depositing your account via bank transfer may take from one to three business days.
It enables traders to place multiple orders at high speeds on multiple accounts. Before you open a live account, read the online broker’s client agreement document, execution policy, and CFDs & forex product schedule. Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.
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 put all the tools and details in only one place to make it easier for the customers. Trading financial instruments such as foreign currency markets and other financial instruments involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
Axitrader Compared To Other Brokers
On checking this, we found no such thing on the St. Vincent and the Grenadines website. As for the client funds, you can rest easy because they are fully segregated in Tier-1 banks. AxiTrader regulation is not stable, and that might be a downside for some. If you trade with them, you can be assured that your funds are safe because they have been operating for so long. Welcome to Forex Wink here you will find only the truth about Forex brokers.
Account Registration Process
But, according to their website, US traders cannot trade at Axi, nor can traders from countries that are considered high-risk or where trading is not allowed. Axi offers some of the best swap rates industry-wide, something I urge traders to consider who keep positions open overnight, as it makes a notable difference. Axi does charge an inactivity fee, which adds to the excellent cost structure. 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. If you have an Android or iOS mobile device, you can use them to get the free AxiTrader mobile application.
Trading with Axitrader involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets. Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades. Axitrader may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients.
Based on our extensive research and methodology, our expert team has rated Axitrader an impressive 8.7 out of 10. Modern brokers like Axitrader provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Axitrader may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Axitrader trading profitability. MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Axitrader offers traders comprehensive features and tools to enhance their trading performance.
Regulatory Compliance
There are arbitration processes in place that are able to deal with these issues. This diversity enables traders to construct a well-rounded portfolio. Regulatory compliance is critical for any broker, and AxiTrader stands out by adhering to stringent guidelines that protect investor interests.
Duplitrade is an extra feature that is offered for free to all of those AxiTrader clients who have more than $5,000 in their accounts. You can axitrader review of course also test it in a demo to make sure it works for you. Once you have created an account at Duplitrade these signals will be sent directly to your Axi trading account in the MT4 interface. It will also give you tools in order to better analyse the returns of the other traders on the platform. Duplitrade allows you to automatically duplicate the actions of other expert traders on the platform directly in your trading account. These traders will be chosen by Duplitrade based on their database of successful traders.
For those traders who want more leverage they should try the likes of IQ Option and Plus500. AxiTrader works with a host of VPS providers that they can help you set up hosting accounts with. Moreover, for those traders who trade more than 20 lots per calendar month, Axi will credit your account with $34.99 which can be used to pay for hosting. If you are the kind of person who likes to bounce ideas off other traders then you may appreciate Zulutrade.
You can also set the platform up to receive notifications via the app, email or an SMS. These alerts could be set at the intraday level in order to provide up to date suggestions for improving your trading. So, Tradency is a bridge between these expert developers and your trading account. It allows these expert developers to create their own fully tested trading algorithms. You can either run these live in your account automatically or you can choose to copy select developers.
The company was founded in 2007 and has since expanded its services across various international markets. With a focus on transparency and client satisfaction, AxiTrader has cultivated a strong reputation for secure trading environments and exceptional customer support. Their commitment to traders sets them apart in the competitive landscape of online forex brokers. Axitrader provides a demo account that enables individuals to explore trading before investing their funds. By creating a Axitrader practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Axitrader demo account can help individuals to make informed decisions before investing their money.