This way, the risk of fraudulent behavior by the brokerage is kept at a minimum. Axi processes withdrawal requests within one to two hours, ensuring traders get swift access to their capital without complications. I recommend traders check with their preferred one to ensure the most cost-efficient method. Traders must request withdrawals from the secure client portal, and the name of the Axi account must match the one on the payment processor or bank account. I like the hassle-free withdrawal approach at Axi, as it adds to peace of mind when trading.
Choosing the Type of Account
- They allow traders to study trading at a convenient pace and format and receive up-to-date information and analytics from experienced traders.
- However, the payments we receive can influence the products, companies, or services we highlight and evaluate.
- Account opening was fast, funding is seamless, and withdrawals arrive without delay.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Smooth transition to new portal I received quick feedback as to how to shift to new portal after closing my previous accounts.Closed my old accounts and received funds from these accounts. Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews. He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.
What is the maximum leverage on Axi?
The Elite Account is for professional and institutional traders who need the best possible trading conditions. The account is available on international, Australian, and Middle Eastern entities, and offers competitive commission rates of $3.50 round trip. The minimum deposit required for the Pro Account is $500 for the Australian entity and $5 for Europe. Axi offers a range of account types designed to meet the needs of different traders, including Standard, Pro, Premium, and Axi Elite accounts. Each account type is tailored to provide flexibility and accommodate various trading styles, ensuring that all traders can find an option that suits their needs.
Axi is a commendable option for beginners, thanks to its provision of beginner education videos and the lack of a minimum deposit requirement, making it accessible for new traders starting out. My orders are executed quickly, allowing me to capitalize on market movements without delay. This reliability is essential, especially during volatile trading conditions.
The platform’s seamless execution and diverse array of trading strategies have elevated my performance to new heights. The platform’s analysis helps me stay informed about key market trends and make strategic trading decisions. This allows me to fund my account without worrying about extra costs, which is a big plus for serious traders. Axi allows hedging and scalping, which is perfect for my hybrid strategy. Some brokers restrict these styles or penalize you with wider spreads, but Axi seems designed to accommodate all types of traders.
What makes Axi a trusted broker for global traders?
Some industry publications place it among the Top 10 Forex brokers by trading volume. For over a decade, DailyForex has been the trusted Forex broker authority, establishing an unrivalled reputation for rigorous research and journalistic integrity. With a methodology refined through years of industry experience, we empower traders to make informed decisions, which is particularly important when trading high-risk investments such as penny stocks. Discover more about our comprehensive review process and how we maintain transparency and impartiality here. When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources.
Trading Conditions
This feature is particularly appealing to traders looking to capitalize on market opportunities without constant monitoring. Additionally, Axi offers a 24/5 live chat function available in multiple languages on their website, providing real-time support. Clients can also reach out via email at or through Axi’s social media channels.
- Meanwhile, the Pro and Elite accounts start from 0.0 pips but charge a low round-trip commission of $7 or $3.50, respectively, for tighter pricing.
- Additionally, Axi is committed to maintaining high cybersecurity standards.
- The customer support is responsive and knowledgeable, which is crucial for my trading strategy.
- The Edge Score is a personalized metric used by Axi Select to evaluate trading performance based on skill, consistency, risk, and experience.
What are the typical spreads and commissions for Axi accounts?
However, Axi applies withdrawal fees, for bank card withdrawals, the minimum amount is $5, but an administration fee of $25 may apply for withdrawals below $50. As a client, you may also benefit from the option to hold your account in GBP, USD, EUR, CHF, or PLN, and deposit funds in those major currencies as well. The Edge Score evaluates your trading performance, offering valuable insights to help you refine and enhance your trading strategies effectively.
The ability to customize the dashboard allows traders to tailor the experience to their preferences. However, the mobile app could use some improvements for better performance on older devices. They are consistently low, even during volatile market conditions, which helps me maximize my trading profits. The competitive pricing is one of the reasons I chose Axi as my primary trading platform. Account opening was fast, funding is seamless, and withdrawals arrive without delay. The broker also excels in offering a range of educational resources, such as video tutorials, articles, and courses, to support both novice and experienced traders.
Advanced encryption technologies protect sensitive client information from potential threats. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
The broker’s commitment to delivering a seamless trading experience makes it a popular choice across skill levels. However, it should be noted that the absence of fixed spread and cent accounts could further enhance the flexibility and diversity of the services offered. This variety provides a wide choice for traders with different experiences and needs. Still, a small gap in the account offerings slightly limits the full potential for specific categories of traders.
Deposit Options at Axi
I’ve axi forex broker review made a few withdrawals, and they were all processed quickly without extra fees. Axi is considered a good broker for beginners due to its user-friendly platforms, extensive educational resources, and the availability of demo accounts for risk-free practice. The broker offers in-depth articles on various trading topics to help and support traders improve their trading results or learn, besides, there are different video tutorials. Our experts find Axi a reliable broker since it is regulated by top-tier authorities FCA, ASIC, and CySEC. Axi provides popular trading instruments, and various funding methods, with average spreads and excellent customer support.
Axi kept my entire cash balance of $21,788 after only one trade – YOU HAVE BEEN WARNED
Axi sets a high benchmark for online safety with industry-leading cybersecurity, clear fraud prevention guidelines, and customer awareness tips. Consequently, traders gain peace of mind knowing their accounts, transactions, and personal data are safeguarded 24/7. By using advanced cybersecurity measures, encryption, and strict data privacy protocols, Axi protects traders’ funds and information around the clock. Therefore, you can stay alert, trade smartly, and trust Axi’s proactive approach to fraud prevention. Axi’s Standard account offers EURUSD spreads from 0.7 pips with no commission.
As an algorithmic trader, I appreciate API trading at Axi, as it allows me to connect advanced trading solutions to the Axi trading environment, and VPS hosting is also available. Client funds are maintained in segregated accounts with tier-one banks, preventing any misuse. This segregation ensures that even in the unlikely event of financial difficulties, client funds remain protected. Additionally, Axi is committed to maintaining high cybersecurity standards.