Reliability is measured in more than platform speed, regulatory liability, or a comprehensive array of tools. Customers will also appreciate that Axi stands readier than most to respond to their inquiries and problems, via live chat, email, and several toll-free phone numbers. Axi keeps the cost of online forex trading low with competitive spreads. Traders access a wide range of currencies, commodities and indices using our platform for the low spreads. At times, our market-leading spreads even go as low as 0.0 pips and we are always striving to ensure they are some of the most competitive you will find. Axi requires a minimum deposit of $0 for all live account types, and it will not charge any fees on deposits.

Wide range of markets

It is, therefore, unsuitable for those who lack proficiency and sufficient experience. VPS hosting ensures fast execution and no downtime by making sure your platform keeps running 24 hours a day. One of Axi’s VPS partners is ForexVPS, which offers state-of-the-art SSD drives located in New York. For the Basic VPS edition, Axi will cover up to $34.99 of the monthly fee if you trade more than 20 lots in a calendar month. Another VPS option is MetaTrader VPS, which is offered by MetaQuotes at $10.00 per month. Axi believes that traditional ECN connections are too slow for today’s traders; layers of networks, cables, firewalls, and third-party platforms only add latency which costs the trader.

Axi won’t process your payout and cancel all your withdrawal attempt.

Generous leverage and low prices ensure that traders have the potential to maximise profits. Axi provides access to many markets, featuring over 50 axi forex broker financial instruments to trade as CFDs. The demo account is a practice account that comes loaded with virtual funds for practice purposes only.

Deposit issues

It is also known as ‘markup’ and can also be explained as the cost of trading. The benefit of trading on the foreign exchange is that spread costs are generally very low but it’s always good to shop around to find the lowest spreads. When you trade cryptocurrency CFDs with Axi, you don’t have to invest directly in the product. Instead, you’re simply trading on the real-time price movements in the market.

Online Forex trading with Axi

• Axi provides this through a suite of advanced trade management tools that offer the ideal combination of simplicity and sophistication.
• Also, we found that Axi has a bit limited diversity of asset classes, as it does not offer CFDs on bonds, futures, options, or interest rates.
• This simple approach results in faster execution, more accurate pricing, and minimal slippage.
• This means you can lock in profits without the need to monitor your position and adjust your stop.
• For traders of any experience level, Axi represents one of the most reliable options around.
• Axi requires a minimum deposit of $0 for all live account types, and it will not charge any fees on deposits.

It has bagged several industry awards for providing satisfactory trading services to over 60,000 loyal clients in 100 countries. In 2020 alone (FY20), the broker recorded over $2.5 trillion worth of trades. The Axi platform market for CFD and forex training has several competitors, including TMGM, Pepperstone and Vantage. All use the MetaTrader trading platform and offer similar products. Axi supports more languages than the competitors, but the client support is better with TMGM and Pepperstone. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors.

Company activitySee all

The online trading broker offers traders access to various financial assets using innovative trading platforms. It offers some of the industry’s leading trading conditions, such as ultra-low spreads from 0.0 pips, high liquidity, flexible leverage, and more. Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world. Axi has made giant strides since its inception in 2007 to become a top global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology. Our forex trading platform is able to provide competitive spreads thanks to our network of tier-one prime brokers and liquidity providers; global banks and financial institutions. These trusted sources give us access to a wider pool of liquidity.

Sudden position closuresDue to volatile markets and the need to ensure sufficient margin is maintained in your account, it’s vital to keep an eye on your bottom line. If you don’t have enough https://forexarena.net/ in your account, trades may be closed on your behalf in order to prevent a negative balance. For any times you need to add funds to your account quickly, we make it extremely easy.

Get free access to advanced trading tools, like Autochartist, to make better trade decisions. Enjoy the assurance of trading with a licensed and regulated, top 10 global broker. To help give you a sharper trading edge, our pricing engine directly connects with 20+ top liquidity sources. When combined with our superior network technology, this allows us to offer lower pricing that’s delivered faster, refreshes faster and experiences fewer outages. A CFD is a contract between traders where the buyer pays the seller the difference between the current asset value and the value of the asset when the contract closes. Information contained on this website is of a general nature only.

Despite its strengths, Axi has a somewhat underwhelming aggregate score on Trustpilot, achieving 3.5 out of 5 stars based on 1,489 consumer reviews. As many as 72% of all reviewers are satisfied with the broker’s services, assigning 5-star ratings. Only 13% of the consumers left 1-star Trustpilot reviews for Axi. Protect your trading account and funds by taking some important precautions.

Excellent service to answer all my questions and great patience to clarify all my confusions at the end. With the available videos education, it didn’t take long to get acquainted with the functions and order placement. Just hope Axi can improve the charting to be able to see the high/low readings of individual candle bar.

With this account, trades in all available instruments will not incur nor be paid any swap or interest, in accordance with Sharia law. Executing trades and opening and closing positions is uncomplicated, and with the windows and buttons making it straightforward, you can successfully place trades several different ways. It should also be noted that deposit and withdrawal options are easy to find on the Axi client portal and moving money around the ecosystem is generally streamlined and stress-free. LeverageBecause every trader has a different approach to the level of risk they prefer, we make it easy to check and change your leverage level.

So, while you don’t own the underlying crypto, you can benefit from the price movement in any direction. An index is a financial product that tracks the performance of an entire market, a market sector, or a specific group of assets. Trading indices is generally considered safer than trading individual stocks since no single company can sharply influence the overall price of the index. Getting signed up and verified as a first-time Axi member is a relatively simple and straightforward process. You’ll first need to provide government-issued ID, and if you plan on making a bank wire transfer then you’ll need to verify the account using your ID as well.

While all trading carries an inherent risk, as a transparent and trusted broker we try to ensure all our clients have as much protection as possible. We encourage all traders to consider the benefits of using a range of these protective measures in their day to day trading. We want you to succeed as a trader, so we use our experience and expertise to ensure you have access to top educational resources designed to improve your trading knowledge and help find an edge. If you set up a Pro account for online forex trading, you will be charged a small commission of USD$3.50 per lot ($7 round trip) in conjunction with having lower spreads. Axi allows traders to trade mini and micro lots as well as standard lots. Bullion Spot CFDs are also accessible against other quote currencies, such as the Australian dollar, Swiss franc, Euro, and British pound.