Established by a group of traders, they have an understanding of what traders need and thus offer tight spreads, minimal slippage, fast execution speeds and multi-lingual global 24-hour customer service. I have tried many brokers over the years and found them to be one of the best brokers for trading online within a secure and highly regulated environment. This account comes pre-loaded with virtual funds and is designed solely for trading practice. The Elite Account on Axi charges commissions of $3.50 (round turn) when you open or close a trade position. AxiTrader is the Forex brokerage arm of AxiCorp Financial Pty Ltd, which was founded in 2001 in Sydney, Australia. The company slowly evolved into one of the largest financial companies in Australia, which led to widespread market dominance in Australia as well as in financial markets around the world.

The fees on Axi are moderate as you can trade commission-free with the Standard Account or with low spreads on the Pro Account. You can also apply for a professional account to access more leverage. The main difference between the accounts are the spreads, commission and minimum deposit required.

Axi Features

I like that they are providing signals, chart analysis, multiple account management and more. I personally prefer the MT4 desktop platform as it has all of the features and functionalities. I actually run multiple instances of the MT4 platform to try out systems on different brokers. You shouldn’t have any problems opening charts, loading indicators, setting alerts, entering and managing positions. Client funds are held in secure and segregated trust accounts with top-tier banks including NAB and Lloyds.

Key Pros and Cons

• Axi offers a comprehensive instructional program, which makes it a great alternative for new traders.
• The minimum withdrawal amount on Axi is US$50 for bank transfers and US$5 for e-wallets.
• On the other hand, if you’re looking for a variety of trading platforms and assets such as stocks, ETFs or cryptocurrencies, Axi will definitely fall short to your expectations.
• Axi provides access to many markets, featuring over 290 tradable CFDs across different asset classes.

As a result, selecting the right trading platform like Axitrader requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Axitrader available, each with unique features, fees, and regulations. 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. It is quick and easy to install, full of functions like charts, alerts, and analysis to help you keep pace with the market in real-time.

Trading Platform

Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money. Axi is a member of the Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. Their platform is incredibly user-friendly, making it easy for both beginners and seasoned traders to navigate. The variety of trading instruments available ensures that there’s always an opportunity to capitalize on market movements. After switching to Axi Select, I noticed a significant improvement in my trading efficiency. The platform’s execution speed is top-notch, and the variety of analytical tools available has really helped me refine my strategies.

Trading Fees and Other Costs

Here you can trade all the available assets including Forex, CFDs, Spread Betting, and Metals. AxiTrader’s customer support team was helpful and provided direct and relevant answers to our questions, but not at all times. On our first interaction with the customer service team via live chat we received an inaccurate answer to our question. The elite account is only offered to professional trades as it requires a minimum deposit of $25000. The different ways of funding presented by Axi are surely one of the reasons the broker has such great feedback from their great customer base.

You can search for systems that meet your requirement by filtering statistics that matter the most to you. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

It is available as a desktop client, where traders get the full functionality of MT4, a light web-based platform, and a mobile app. Another highlight from Axi is that, in October 2024, they launched MT5, with plans to launch MT5 globally within a few months, becoming even more competitive with their offerings. Axi also provided its traders under AxiTrader with the MT4 MAM module for account management. Traders with an AxiTrader account have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.9 pips, carries costs roughly 30% above that and beyond. It is an expensive account, and I recommend traders opt for the Pro alternative.

CFDs carry a high risk of investment loss, this content is for informational purposes only and should not be construed as investment advice. The application form asks for your name, country, e-mail, phone number, and application type. New accounts require verification, following well-established industry practices. A copy of the ID and one proof of residency document generally satisfies this step and completes KYC/AML stipulations.

• This ensures that traders can receive assistance whenever needed, enhancing their overall trading experience.
• A review of the company policy shows that they are working hard to provide their trading services to traders from all countries.
• It has competitive spreads from 0.0 pips and fast execution with minimal slippage.
• Multiple authorities regulate the broker and, overall, a perfect choice, no matter if you are experienced with trading or just starting out.

Axi also offers Swap-free Islamic Accounts available for Muslim traders, and beginners can open demo accounts to practice trading before putting real money on the line. AxiTrader is an FCA-regulated online broker that provides trading services for financial markets in the UK. To find out more, read our review and discover how they compare with other UK brokers. Filippo Ucchino created InvestinGoal, an Introducing Broker company offering digital consulting and personalized digital assistance services for traders and investors.

Traders can also request permanent status for their demo accounts through live chat. Meaning that their platform is provided by the company known as MetaQuotes Inc. To get a professional account, first, create a retail account, then apply to customer support and fill out the application form to be classified as a non-retail client on Axi. The pro account also has variable spreads starting from just 0.0 pips with a commission of $3.5 charged. This account may be preferred if you need the tightest possible spreads.

Axi (formerly AxiTrader) is a multi-regulated online broker created by traders for traders. They give you industry leading trading conditions on a vast range of different markets such as forex, stocks, cryptos and commodities. You can trade with tight spreads, low commission fees and fast execution speeds at the best prices.

You can simply download it from GooglePlay (for Android) or AppStore (for axitrader review iOS) and start trading. Aside from these two points, it’s not necessary to include a MT4 review as the platform stays the same across all brokers regardless of the brand name chosen. To get a swap-free Islamic Account on Axi, first, create a standard account then contact the Axi Client Service (custom support) team to convert your account to a swap-free status.

Axitrader Fees Explained

The market analysis provided is spot-on and has been invaluable in my trading strategy. Axi broker is a great choice for any trader looking for a reliable and efficient broker. Millions of people worldwide use Android mobile devices and tablets, and Axitrader offers its clients access to the MetaTrader 4 platform on these devices. With the Axitrader MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Axitrader traders to stay on top of their trades and react quickly to changes in the market.

Their assistance made my onboarding process much more comfortable and stress-free. I had an issue with my account verification, and they guided me step by step through the process. Their response time was quick, and I felt they genuinely cared about resolving my issue. As someone new to trading, I’ve found Axi’s educational materials to be incredibly helpful.