Axi Overviews – Axi Broker Review
Axi Broker Review. AxiCorp Financial Services Pty Ltd was founded in the year 2007. The entity in question is an online brokerage firm based in Australia that specializes in trading forex and CFDs. It is subject to regulation by three prominent regulatory bodies, namely ASIC, FCA, and DFSA. In addition, they claim to have a trader base exceeding 60,000 individuals across more than 100 nations globally. What additional services or products are provided by the entity in question?
Axi.com provides highly competitive pricing, recognized 24/5 support, advanced trading technology, swift execution, and complimentary trading education.
The company’s origins can be traced back to its establishment by individuals with a background in trading. Initially a small-scale venture comprising of two individuals, it has since expanded into a multinational corporation. Additionally, they have garnered numerous accolades in the brokerage industry, which will be further elaborated on in subsequent discussions. In addition to being subject to regulation and having received multiple accolades, their TrustPilot rating will also be examined.
Regarding the available resources, this online brokerage firm can be regarded as an intermediary entity that enables its customers to engage in trading activities involving over 100 assets across various markets, such as foreign exchange, equities, commodities, indices, and cryptocurrencies.
In addition, the company maintains a global presence through its various office locations, which provide assistance to customers through multiple channels such as phone, email, and live chat. The primary headquarters of the organization are situated in the subsequent geographic areas;
The United Kingdom and South Africa are two distinct geopolitical entities.
The countries of St. Vincent and the Grenadines and Australia are being compared.
An in-depth analysis of the aforementioned broker is warranted to ascertain the potential remedies sought by a potential novice trader and whether Axi.com is equipped to meet these requirements.
|Type of Broker||ECN, Forex, and CFD|
|Regulation & Licensing||Australian Securities and Investments Commission (ASIC)
Financial Conduct Authority (FCA)
Dubai Financial Services Authority (DFSA)
|Countries eligible for trading.||Over 100 countries|
|Assets Offered||Forex, stocks, commodities, Indices, Crypto, Crypto assets|
|Platforms Available||MT4 (Windows, Mac, Android), MT4 web terminal, Axi Copy Trading App|
|Mobile Compatibility||MT4 Android, and Axi Copy Trading App (Android, iOS)|
|Payment & Withdrawal Options||Skrill, Debit and credit card, POLi, Bank transfers, Fasa Pay, Neteller, Crypto, Skrill|
Facts About Axi
- There are more than 60,000 traders situated across 100 distinct countries.
- The individual possesses the capability to engage in the purchase and sale of cryptographic assets.
- Established in the year 2007.
- In 2020, AxiTrader underwent a rebranding process and changed its name to Axi.
- Several awards have been granted to brokers.
- Clients have access to copy trading across all platforms.
- The company has established offices in various locations, including South Africa, Australia, the United Kingdom, and St. Vincent and the Grenadines.
Pros and Cons
Can the safety of Axi be guaranteed? Regulations Governing Brokers
An essential factor to contemplate when selecting a broker is to comprehend and ascertain their level of safety. Financial regulatory commissions oversee the operations of reputable brokers, with the specific regulatory body varying depending on the region and entities involved.
Axi.com is considered a reputable broker when evaluated against certain criteria, as it is regulated by three financial commissions. The regulatory oversight of the aforementioned entity is conducted by the Financial Conduct Authority (FCA) in the United Kingdom and the Dubai Financial Services Authority (DFSA). Finally, it should be noted that the Australian Securities and Investments Commission (ASIC) also exercises regulatory oversight over them.
Furthermore, the attainment of multiple accolades has enhanced their standing as a trustworthy and secure broker. The aforementioned accolades comprise;
- In the year 2012, the spreads that were deemed to be the most superior were identified as the “Best Spreads.
- ” The CiOT Expo of 2013 was awarded the title of “Best I.B. and Affiliate Program Worldwide.”
- The 2013 CiOT Expo awarded the title of “Best Forex Broker Asia” to a certain recipient. T
- The 2013 CiOT Expo awarded the title of “Most Recommended Forex Provider in Australia” to a certain entity. The topic under consideration pertains to the current trends in investment with respect to the foreign exchange market in Australia.
- According to Investment Trends’ 2013 report, Australia F.X. was ranked as the top performer in customer service.
- In 2014, the organization was recognized as the “Financial Institution of the Year.” The Asia-Pacific Financial Investment Association.
- In the year 2014, the strongest brand association was identified as being trustworthy.
- According to the 2017 Investment Trends Australia F.X. Report, the category of “Highest Overall Client Satisfaction” was achieved.
- In the year 2017, the entity in question was bestowed with the accolade of “Most Reliable Forex Broker”.
- In the year 2018, the broker was awarded the title of “Best MT4 Broker.”
- In 2018, the U.K. Forex Awards recognized the provider of MT4 as the best, and the most trusted forex broker. Additionally, in 2019, the same entity was awarded the title of the best MT4 forex broker.
- In the year 2019, the title of “Best Forex Broker Europe” was awarded.
- In the year 2019, the title of “Best Forex Broker Middle East” was awarded.
- In the year 2020, the “Best EMEA Region Broker Award” was conferred.
Finally, Axi.com has received a rating of 4.3 out of 5 stars on TrustPilot, based on feedback from more than 1,250 users of the platform.
Axi.com is deemed to be a secure and dependable platform, supported by its multiple accolades, adherence to three financial commissions’ regulations, and a favorable assessment from a sizeable user base of over 1,200 individuals.
- Australian Securities and Investments Commission (ASIC)
- Financial Conduct Authority (FCA)
- Dubai Financial Services Authority (DFSA)
What Can I Trade with Axi? Axi Broker Review
Similar to numerous internet-based brokerage firms, Axi.com facilitates the trading of assets through Contracts for Difference (CFDs). In relation to the range of assets available, it can be inferred that the act of purchasing is not equivalent to acquiring the asset itself, but rather involves assuming a position and projecting the asset’s future value.
Axi.com facilitates trading of various asset types, such as forex pairs, stocks, cryptocurrencies, indices, and commodities. According to Axi, it is possible to engage in trading activities involving oil and precious metals. However, it is important to note that these are commonly classified as commodities and should be treated as such. Let us examine the resources that Axi.com offers its clientele in greater depth.
Axi provides its clientele with the opportunity to engage in trading activities involving more than 70 currency pairs. The company prides itself on offering highly competitive spreads and rapid execution times. This implies that the execution of a forex trade, whether opening or closing, will occur with utmost expediency. The foreign exchange market encompasses the conventional major and minor currency pairs, as well as the less commonly traded exotic pairs.
The live forex rates in terms of spreads can be accessed for review at this location. It is important to note that certain brokers may opt not to levy a commission fee, instead opting to derive compensation from the spread, which is the difference between the bid and ask prices. It is crucial to comprehend this concept, particularly when engaging in the trading of frequently traded currency pairs or less commonly traded ones.
Axi provides a selection of 50 shares for trading. The aforementioned shares are derived from prominent corporations operating within the United States, United Kingdom, and European markets. It is noteworthy that Axi does not levy a commission fee upon the initiation of a position on a share’s assets. Additionally, if the position is held for a considerable duration, direct dividend payouts can also be earned.
It is important to note that trading in share CFDs presents the possibility of initiating a short position, which involves speculating on a decline in the share price. Presented below is a tabular representation of the tradable shares categorized by the geographical location of the respective companies.
Indices – Axi Broker Review
Index Cash CFDs such as AUS200, EU50, GER40, and US500 are available for trading by clients. The trading platform offers a diverse range of over 30 indices, which encompasses Index Future CFDs such as DAX40.fs, FT100.fs, and others.
The competitiveness of the spreads offered by Axi.com is noteworthy, with a minimum starting point of 0.2 pips. However, a more detailed analysis of the available accounts provided by the platform is required to gain a comprehensive understanding of this aspect.
Commodities – Axi Broker Review
The list of commodities assets they provide is limited, featuring only conventional options such as oil, precious metals (gold and copper), coffee, natural gas, and soybean, which could be considered average in quality. Despite the limited selection, there exist certain advantages. The minimum required margin for assuming a position is merely 1%, and there is no commission charged. Additionally, the leverage ratio for their commodity contracts for difference (CFDs) is 1:100.
Crypto – Axi Broker Review
Finally, the company provides its customers with the option to enter the cryptocurrency market by engaging in Contract for Difference (CFD) transactions involving digital currencies such as Bitcoin, Ethereum, Litecoin, and others. Primarily, the trading activity involves the exchange of cryptocurrencies with the US dollar. However, there exist a few exceptional cases where the trading of cryptocurrencies against the Japanese Yen is feasible.
The leverage ratio for cryptocurrency trading can reach up to 1:200. Additionally, as CFDs are utilized in this trading, it is possible to take a short position instead of a long one. The consideration of incorporating technical analysis in trading activities within the crypto market cycle holds potential for profitable outcomes.
It is noteworthy that Axi provides its customers with the option to acquire cryptocurrency assets without the requirement of a digital wallet, in the event that they open a standard account. Crypto assets are acquired in a one-to-one ratio, in contrast to their crypto Contract for Difference (CFD) counterparts. The platform offers the opportunity to purchase or trade cryptocurrency assets around the clock, without incurring any commission fees.
- Crypto Assets
- Stocks (Shares)
- Commodities (oil and precious metals)
How to Trade with Axi? – Axi Broker Review
Regarding the platforms accessible to Axi’s clientele, they have the option to utilize MT4, which is the prevailing standard among the foremost brokers worldwide, as well as the company’s exclusive “copy trading” application. The MT4 platform is accessible on various operating systems such as Windows, Mac, and Android. Additionally, a MetaTrader web platform is available as an alternative for users who prefer not to install the application or require the ability to manage their position remotely.
The Axi Copy Trading application, which is exclusive to the company, enables its users to replicate the trading activities of other users on the same platform. This feature essentially provides clients with the opportunity to invest in a manner similar to that of highly successful traders. Upon replicating a trader from another member on the platform, the client’s account will instantaneously mirror their trades.
The noteworthy aspect of the application, which can be accessed on both the PlayStore and Apple Store, is that it does not function as a regulated account akin to a Mobile Application Management (MAM) service. This implies that individuals have the autonomy to oversee their own level of risk exposure, which can be adjusted based on their personal characteristics, financial resources, and emotional state.
The Axi Copy Trading app offers a wide range of markets and positions for trading without any limitations. The following is a comprehensive enumeration of the markets that are available for trading through the copy trading application:
- Crypto Assets
- Stocks (Shares)
- Commodities (oil and precious metals)
To gain further insight into the traders, one may peruse Axi’s exclusive investor roster by accessing the provided link.
MetaTrader 4 is a widely recognized and prevalent platform utilized as the standard by brokers across the globe. Its use for trading is relatively straightforward, with a manageable learning curve. As previously mentioned, the software is accessible on both PC and Mac operating systems, as well as through Android and web-based platforms. We will further examine its characteristics in due course.
- Axi Copy Trading App (iOS and Android)
- Axi MetaTrader 4 Terminal (Web browser)
- MetaTrader 4 (Windows, macOS, and Android)
How Can I Open Axi Account? A Simple Tutorial
The process of registering an account with Axi.com is straightforward, requiring only a visit to their website to initiate the procedure.
Upon loading the website, it is necessary to locate and select the “open account” button situated in the upper right-hand section. Initiating this procedure will commence the application process, which encompasses a sequence of three stages.
Please finalize your application.
Please verify your identification and proceed to deposit funds into your account.
The process of finalizing your application entails providing your personal information, including your complete name, telephone number, electronic mail address, and country of domicile.
Subsequently, the process of confirming one’s identity will require the submission of an image of either a driver’s license, photo identification, or book identification.
Upon completion of this process, your account will be established, granting you access to the client area and enabling you to deposit funds. It is important to note that submission of a bank statement and proof of residency is required during the application process to enable account funding.
Subsequently, it will be necessary to gather the MT4 particulars from your account and subsequently employ said credentials within the downloaded software or web terminal. This will enable you to execute trades.
It is imperative to emphasize that prior to initiating an account, it is crucial to thoroughly peruse and comprehend Axi’s client agreement and product disclosure statement.
To initiate the creation of a live account, it is possible to proceed by accessing the following hyperlink.
- Head to the Axi.com website
- Click on “open account” in the top right-hand corner
- Follow the prompts that will take you through the registration steps
- Complete your application
- Confirm your ID
- Fund your account
Axi Charts and Analysis – Axi Broker Review
Axi.com offers a plethora of trading resources that are accessible to both the general public and their clientele. The initial platform is MetaTrader 4, which is widely adopted as the standard trading platform among online brokers.
The MT4 platform provides its users with the capability to create expert advisors, as well as modify indicators and scripts, through the utilization of the MQL4 programming language, which was created by MetaQuotes. The present review refrains from delving into several additional features that are encompassed within the scope of the subject matter. Nevertheless, certain factors are comprised of;
The moving averages indicator is a tool commonly used in financial analysis to track the average price of a security over a specific period of time. It is a widely used technical analysis tool that can help traders identify trends and potential price reversals in the market.
The RSI (Relative Strength Index) indicator is a technical analysis tool used to measure the strength and momentum of a financial asset’s price movement.
The Bollinger Bands indicator is a technical analysis tool that is commonly used in financial markets to measure the volatility of an asset’s price. It consists of a set of three lines that are plotted on a price chart, with the middle line representing the asset’s moving average and the upper and lower lines representing the standard deviation of the price from the moving average. Traders and investors use the Bollinger Bands to identify potential price breakouts, reversals, and trend continuations.The Fibonacci tools indicator is a technical analysis tool used in financial markets to identify potential levels of support and resistance. It is based on the Fibonacci sequence, a mathematical pattern that occurs frequently in nature and has been observed in financial markets. The indicator is used to identify potential price levels where traders may enter or exit positions, based on the assumption that these levels represent areas of significant buying or selling pressure. The Fibonacci tools indicator is widely used by traders and investors in various financial markets, including stocks, currencies, and commodities.
The average true range indicator is a technical analysis tool used to measure market volatility.
The On Balance Volume (OBV) indicator is a technical analysis tool used to measure buying and selling pressure by adding or subtracting volume based on the price movement of an asset.
The Moving Average Convergence Divergence (MACD) indicator is a commonly used technical analysis tool in financial markets.
Myfxbook AutoTrade is a service offered to clients that facilitates connection to their forex trading account via MT4. This feature enables individuals to perform a specific action or task.
Develop an internet-based portfolio that enables individuals to oversee and regulate their trading accounts from a single location.
The trading system is equipped with distinctive statistical tools that enable automatic data analysis.
By providing audited trading results, prospective clients are able to evaluate your specific trading performance.
The platform offers users an up-to-date economic calendar.
Axi.com offers a feature referred to as PsyQuation. The aforementioned software perpetually evaluates one’s trading performance, with a particular focus on their trading methodology. The system proceeds to conduct a comparison of the data and subsequently generates intraday charts, as well as an analysis of the current and updated performance impact. In essence, this software functions by monitoring trading activities, conducting data analysis, and providing recommendations for improved trading outcomes.
The platform additionally enables users to examine the “profiles” of fellow traders and scrutinize their data and trades, thereby endowing them with the capacity to deconstruct trading into data and potentially enhancing their comprehension of the markets through analytics.
In addition, a diverse range of advanced trading tools is provided by the platform, which encompasses the MT4 features that have been previously examined.
The MT4 Webtrader is a platform designed for online trading in the financial markets.
The utilization of Virtual Private Server (VPS) hosting for MT4 trading is deemed reliable in terms of connection.
The utilization of signal providers, specifically in the context of MT4 copy trading, is a prevalent practice in the financial industry.
Autochartist is among the final supplementary features that are offered to customers and can be incorporated into MT4. The aforementioned extension establishes a connection with the software and performs automated market scans on a continuous basis. The intended function of this process is to identify specific trade prospects, thereby conserving significant amounts of time.
Finally, Axi.com offers Trading Resources that include a forex economic calendar and information pertaining to their Rollovers, Exchange holiday, and dividend forecast.
Axi.com provides a plethora of free trading education resources available to the general public. The enumeration is extensive, and herein lies its contents;
The educational offerings include instruction on trading techniques, MT4 video tutorials, seminars and webinars, as well as access to free eBooks.
The Axi Blog, Axi Academy, and Crypto Glossary are resources available for individuals seeking to expand their knowledge in the field of cryptocurrency.
Upon initial examination, the comprehensive assortment of trading resources has the potential to equip a novice trader with a foundational understanding of CFD and forex trading, as well as proficiency in operating the MT4 software.
Currently, there is a lack of webinars or seminars available. However, the eBooks section and blog exhibit intriguing content. The aforementioned materials are available for download without charge and can be studied at one’s own discretion. The materials in question encompass the following:
This article presents seven key lessons that can aid in comprehending the various types of forex markets.
Thirteen expert recommendations for optimizing chart configurations.
This text discusses three simple methods for entering and exiting a particular situation or market.
This article outlines three methods for attaining one’s objectives through the utilization of position sizing and system monitoring.
Three potential solutions for system malfunctions.
The blog features current financial updates and articles pertaining to trading, as one would anticipate. The remaining content exhibits a high degree of durability. For individuals who are new to the trading industry, as well as those who may not be contemplating Axi as their brokerage firm, perusing the platform could prove to be highly advantageous.
- MT4 technical indicators: Moving averages indicator, RSI indicator, Bollinger bands indicator, Fibonacci tools indicator, Average true range indicator, On balance volume indicator, MACD indicator. Axi Broker Review
- MT4 charts: 99 charts can be opened up in one terminal simultaneously
- Economic Calendar
- Learn To Trade
- MT4 Video Tutorials
- Seminars and Webinars
- Free eBooks
- Axi Blog
- Axi Academy
- Crypto Glossary
Axi Account Types – Axi Broker Review
Axi presents a range of account options, comprising the Standard, Pro, and Elite account types.
The default account, which is readily available for opening, features spreads that can reach as low as 0.4 pips. The variability of the aforementioned is contingent upon the specific financial instrument under consideration. It is advisable to consult the live forex spread page, as well as the product list, provided by the relevant entity.
The Standard account does not incur any commissions, whereas a commission of USD 7 is levied on the Pro account. The Pro account, in contrast to other accounts, features a zero spread that may prove advantageous for forex traders who engage in scalp trading, characterized by swift entry and exit from trades.
Axi’s Elite account represents the final tier of account offerings available to its clientele, characterized by a commission structure that is low and a spread that is non-existent. A prerequisite for initiating this account is a deposit of USD 25,000, and the selection of currencies available for trading is restricted. It is recommended that individuals of a professional capacity exclusively consider this account, while novice traders seeking a broker may overlook it.
Axi provides unrestricted access to all markets and assets across its three account types, in contrast to certain brokers that impose limitations on the range of tradable assets based on the specific account type.
The maximum leverage for all accounts is 500:1; however, it is important to consider the specific asset being traded as this elevated leverage may not be applicable to all instruments and markets. Axi Broker Review
It is noteworthy that Axi provides trading accounts that are customized to meet the needs of Islamic traders. The aforementioned accounts are characterized by the absence of swap fees or interest payments. These types of accounts are suitable for customers who, due to their religious beliefs, are unable to pay or earn interest.
Finally, it is possible to initiate a demonstration account and engage in trading activities, irrespective of the type of live account that is selected. It is important to note that demo accounts have a validity period of 30 days.
- Standard account
- Pro account
- Elite Account
- Demo account
Do I Have Negative Balance Protection with This Broker?
Axi.com provides negative balance protection to their clientele, in accordance with the Risk Warnings segment of their online platform. According to the statement, individuals who are categorized as “retail clients” are entitled to the safeguard of negative balance.
This implies that the maximum loss that can be incurred with Axi is limited to the amount initially deposited. In the event that an individual initiates a trading position and subsequently experiences a stop-out, resulting in a loss that exceeds the balance of their account, Axi will assume responsibility for the difference and restore the account balance to a neutral state.
To ascertain eligibility as a retail client, it is advisable to consult Axi.com and thoroughly review the pertinent information with their representatives.
- Negative balance protection for “retail clients.”
Axi Deposits and Withdrawals – Axi Broker Review
Axi offers a diverse range of deposit methods for its trading account holders. The comprehensive list of available options can be accessed on their website. The availability of numerous payment methods and absence of any charges for account funding may vary depending on the geographical location. The following are among the commonly utilized payment methods provided by the entity in question:
- The withdrawal process can be executed using the same methods as those employed for making deposits. Nevertheless, there exist certain factors that necessitate your attention, and we have itemized them for your perusal below:
- All requests undergo processing within a timeframe of one to two business days.
- The receipt of funds on the same day is not guaranteed by Axi.
- The duration of processing is contingent upon the banks.
- It is imperative that the corresponding account bears the same name as that of your Axi account. Axi reserves the right to request supplementary evidence to establish the rightful owner of the account.
- Minimum deposit for (Standard and Pro) accounts is: USD 5
- Minimum deposit for (Elite) account is: USD 25,000
- Debit and credit card
- Bank transfers
- Fasa Pay
Support Service for Customer – Axi Broker Review
Axi offers various customer support options to cater to its clientele. The company provides toll-free calling options in various regions worldwide.
Axi customer care numbers
|Australia||1300 888 936|
|Hong Kong||800 903 578|
|Malaysia||1800 81 6529|
|New Zealand||0800 480 404|
|Singapore||800 120 6765|
|Spain||80 060 01 30|
|United Kingdom||0800 018 3306|
Subsequently, it is also feasible to establish communication with them through electronic mail or Whatsapp, should you opt for such means. Brokers of this magnitude generally exhibit prompt responsiveness to electronic mail, with an anticipated reply timeframe of 24 hours or one business day.
The Axi company does not provide a specification regarding the specific languages that will be accommodated in their customer support services. However, they do assert that all local languages will be included. It can be assumed that individuals who engage in trading with Axi within relevant jurisdictions would have access to customer support personnel who are proficient in their native language.
One may also visit the Axi Help Center and access their Frequently Asked Questions form. It is highly probable that one can obtain responses to a wide range of inquiries on this platform, as it encompasses topics such as partnerships, trading tools, MT4, and account particulars.
Finally, it is possible to contact customer service through the online live chat function provided on their website, which operates 24 hours a day, five days a week.
|Axi.com Customer Support||Overview|
|Supported Languages||Local languages supported|
|Customer Service By||Axi.com|
|Customer Service Hours||24/5|
|Email Response Time||Within 24 hours|
|Personal Account Manager||No for traders but for partners|
- Supported Languages: Axi specifies all local languages for its clients
- Customer Service Channels: Email, Whatsapp, Telephone, live chat
- Customer Service Hours: 24/5
- Help Center
Prohibited Countries: Where Can I Not Trade with this Broker? Axi Broker Review
Axi is subject to regulation by three distinct governing bodies, enabling individuals from more than 100 nations to engage in trading activities. Nevertheless, there exist several nations where Axi’s operations are not within the purview of jurisdiction. It is necessary to refer to the accounts page in order to ascertain the availability of your particular country of residence.
A comprehensive list of prohibited countries could not be located. However, upon perusing the help center, the following information was discovered.
Axi maintains a global presence with multiple offices and is bound by the financial regulations of various jurisdictions. Regrettably, certain nations are designated as high-risk or non-permissible for trading, thereby precluding us from initiating account creation for their respective citizenries.
A restricted inventory of nations that are prohibited is available for your perusal below, which we were able to locate. It should be noted that the majority of global brokers prohibit trading for US residents in compliance with the regulations of the Securities and Exchange Commission (SEC).
Additional information regarding their jurisdiction policy can be found on the provided source.
- The United States
- The Republic of Congo
- Sierra Leone
- North Korea
Special Offers for Customers – Axi Broker Review
The brokerage firm in question does not provide any distinctive incentives to its customers, such as enrollment bonuses, loyalty points, or promotional items, unlike its counterparts in the industry. Nonetheless, the platform provides an affiliate and IB partner program that may be relevant to your circumstances.
The status of becoming an IB partner entails the acquisition of a commission for each trade executed by additional clients that are referred to Axi. The IB program offers several advantages such as regular disbursements, sophisticated monitoring and comprehensive analytics of transactions, and adaptable computation.
The Axi affiliate program offers the opportunity to earn commission of up to USD 1,000 for each qualified client. In essence, the commission-based program at Axi enables individuals to earn a commission upon successful client sign-up, provided they are able to generate traffic and direct it towards the company.
In addition to their regular services, the platform also provides MAM services. While not necessarily a unique offering, this service may be of particular interest to novice traders with significant investment capital seeking professional management. MAM (Multi-Account Manager) accounts provide investors with the option to consolidate their funds with other investors, which are then managed by a designated account manager.
Finally, the company offers a referral program that enables customers to earn a maximum of USD 15 for each lot traded. The aforementioned offer entails a rebate of 3 points for every 1 lot of Silver.fs or XAGUSD traded on Standard accounts. Additionally, a condition for eligibility is that each referred individual must engage in a minimum of 1 lot Silver.fs or XAGUSD trades per day.
It should be noted that the promotions available on this platform are not applicable to clients who engage in regular account opening and trading activities. The aforementioned bonuses serve as motivators, and the eligible benefits are implemented in varying manners based on the specific promotion at hand.
- IB partner program
- Axi affiliate program
- MAM services
- Axi referral program
Axi Review Conclusion: Reputable Broker with Easy-to-use Platform
Axi.com is a well-established brokerage firm that has been operating in the financial industry since 2007, which is nearly two decades. It is noteworthy that the company is regulated by three authorities, which enhances its credibility and reputation. The entity in question has been the recipient of numerous accolades, nearly reaching a count of 20, and has garnered a notably elevated rating on the TrustPilot platform.
Axi.com is a well-established brokerage firm that has been operating in the financial industry since 2007, which is nearly two decades. The company is regulated by three authoritative bodies, which adds to its credibility. The entity in question has been the recipient of numerous accolades, amounting to nearly twenty, and has garnered a notably elevated rating on the TrustPilot platform.
The range of assets offered by the platform in relation to forex pairs is relatively broad, however, the lists of other assets provided are somewhat restricted. Despite the fact that a considerable number of individuals worldwide have the ability to create an account, there exist certain countries that are restricted from engaging in trading activities with Axi.
The forex fees of the company are relatively low, and they provide commendable support services alongside a diverse range of educational resources. Additionally, the company has made significant investments in enhancing the functionality of their MT4 trading platform. Therefore, if an individual has a preference for MT4, seeks extensive educational resources, and values efficient customer service, then this brokerage firm could potentially meet their needs.
Summary and Key Takeaways – Axi Broker Review
In brief, Axi has established itself as a reputable broker within the trading industry for nearly two decades, providing a diverse selection of forex pairs for trading purposes alongside a restricted number of alternative assets. Additionally, the organization has been the recipient of multiple accolades and boasts a commendable level of trustworthiness as evidenced by their rating on Trustpilot.
There exist three account options to select from, exclusive of a demonstration account, and a minimum deposit is not mandatory unless a particular payment gateway is utilized. Nonetheless, the acquisition of their premium membership necessitates a payment of $25,000 in United States Dollars. The platform provides incentives for recruiting additional traders through its IB program, affiliate program, or referral program. Participants in these programs can receive rewards for successful sign-ups.
The act of engaging in trading and copy trading can be facilitated through the utilization of their mobile application or their specialized iteration of MT4.
- Low spreads and commissions
- Available to traders in over 100 countries
- Many payment options
- Can buy and sell crypto assets
- Three account types suited for most trading situations
- Award-winning customer support
- Multiple broker awards spanning almost two decades
FAQs – Axi Broker Review
How long does Axi withdrawal take?
The processing time for withdrawal requests from Axi is typically between 1 to 2 business days. The factor of consideration must be taken into account with regards to the duration of bank processing times and other payment method processing times.
How do I withdraw from Axi?
Axi offers a variety of withdrawal methods, such as Skrill, debit and credit cards, POLi, bank transfers, Fasa Pay, Neteller, crypto, and Skrill. The aforementioned techniques are among the most prevalent ones, however, an exhaustive inventory of the available methods can be found at this location.
What is the minimum deposit for Axi?
Axi.com does not mandate a minimum deposit for the opening of a Standard or Pro account. The required deposit amount for account funding may vary depending on the selected payment method, ranging from USD 5 to USD 30.
The Elite account necessitates a minimum deposit of USD 25,000.
Is Axi a regulated broker?
Axi is subject to regulation by three financial regulatory commissions.
- Australian Securities and Investments Commission (ASIC)
- Financial Conduct Authority (FCA)
- Dubai Financial Services Authority (DFSA)