However, the time to process deposits and withdrawals takes up to five business days. For security reasons, the account name must match where the AxiTrader deposit originates to where the withdrawal is being made. In most cases, the need to contact customer support arises when the AxiTrader user faces some minor issues in opening the account or managing multiple accounts. If new accounts lose money when trading with the software for the first time, the customer support staff connects them with experts for quick recovery.

As a plus, there are other web tools, like a great economic calendar. Axi offers a social trading servicevia Forex Trading Signals on the MT4 platform. The web trading platform of Axi is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks price alerts. A bank transfer can take several business days, while payments with a credit/debit card or electronic wallets are instant.

Check the box to indicate that you would like to receive free daily market analyses from the online broker. There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps. Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets. Trading on AxiTrader Standard account, you only need to pay for the spread, which is the difference between the buy and sell price. Please be assured that we are doing our best to resolve this issue.

An online trading course by AxiTrader is available for new traders, giving them access to all the tools that train them in becoming a better trader. This AxiTrader review finds the training aspect of the software quite impressive. Outsourced training is further complemented by in-house educational content, which contains high-quality articles. The technology infrastructure of AxiTrader is built with advanced trading tools. They provide complete support to the automated trading experience. They run backtesting on features and user capabilities and support thousands of registered third-party plugins.

Verify your identity and residency by uploading either a copy of your ID card, driver's license or passport, and uploading a copy of a recent utility bill or bank statement. Answer a couple of questions that assess your level of trading experience. Provide the email address, phone number, country of residence, and other particulars in the online application form. The use of these applications is suitable for specific circumstances, which is why AxiTrader clients must determine their use for their needs. Request a Call Back –Fill in a simple form with your first name, last name, country of residence, phone number, and message and submit it to the FX broker to receive a call back. Forex Economic Calendar– The Forex economic calendar allows you to stay updated on the latest news, market indicators, and important events.

AxiTrader leverage

For its regulatory limitations, AxiTrader is often considered to be a high-risk broker. The perceived high risk of losing money when trading on AxiTrader has been debunked in this review. It is a financial service provided globally and is legit for users in the countries regulated under its authorities. AxiTrader and AxiCorp Financial Services Pty LTD are two different entities. The latter is the corporate owner of all the operating subsidiaries. The standard debit cards can be linked to the account to transfer money back to the account.

There are plenty of exotic and minor currencies available for trading on the platform as well. AxiTrader is a licensed, well-regulated, and fully authorized Australian online trading platform that allows you to get started with a demo account. Sign up to trade Forex or CFDs on any device of your choice via sophisticated apps. MT4 WebTrader https://forexarena.net/ also makes an ideal replacement for the traditional MT4 application in terms of functionality and mobility. The MT4 WebTrader is perfect for using its custom scripts to access a trading account on the go. The feature ensures that no trader accounts lose money when trading remotely from their mobile devices or web browsers.

AxiTrader Account Types Comparison

The stock index, commodity, crypto and stock CFD selection is average, although it is constantly expanding. Meanwhile, other products, such as stocks, ETFs and bond CFDs are not available. Axi hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. However, all your monthly financial statements are available to download at the Client Portal. You should click on 'Financial Statements' within the 'Trading Accounts' menu.

The platform serves as a broker to millions of traders around the world. AxiTrader was established in 2007 and quickly grew to become one of the biggest Forex brokers in Australia. The company delivers round-the-clock trading services, minimum slippage, fast execution of trade orders, and tight spreads. Its trading solution is not only sophisticated, but also simple, which is why it attracts new as well as seasoned traders. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, HYCM offers better pricing overall for traders.

Our Settlement team is currently working on it and will reach out to you again to provide you with an update. A member of our settlement team has sent you proof of payment that you can use to check with your bank. If your bank still cannot trace the funds, then we can ask the Settlements Team to recall the funds. I require that the amount be deposited in full, in this case, that the US$50.00 that this broker tries to earn illicitly be deposited. That is, the scammers of this brokerage try all ways to earn money illicitly.

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. If anyone does short-term trading like me, please be careful. Please read AxiTrader Reviews below and share live trading experiences with this broker. We tested it and collected the options and costs in How to withdraw money on Axi.

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities . That said, HYCM offers a narrow range of symbols to forex and CFD traders.

AxiTrader Overview

It is important to note that high leverage has an inverse effect as well, where it could work in reverse of the trade. Please note that an AxiTrader user may lose money when trading a Swap Fee. This adjustment reflects the comparative difference between yield or interest rates on the underlying financial instruments. Despite the MetaTrader 4 platform’s limitations, AxiTrader runs excellently for its traders by offering them the most cutting-edge trading tool – PsyQuation Premium. It also brings down the high risk of losing money in the initial trades by simulating the outcomes of those forex trades. The broker delivers its services for hard and soft commodities, including 31 equity CFDs and 6 cryptocurrency CFDs.

• Your Axi Account Withdrawal Request has been processed and has been sent to your financial institution.
• This information collection process is outsourced to Autochartist or PsyQuation Premium.
• The AxiTrader website also runs video tutorials and offers eBooks to increase the understanding of trading among users.
• It would be much easier if you could set these notifications on the mobile trading platform itself.

You may check and compare the types of accounts that we offer here on our website. At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . Axi is regulated by a number of top-tier financial authorities. It is a well-established brand but it is not listed on any exchange and it doesn't hold a banking license.

HYCM (Henyep) vs AxiTrader 2023

The asset selection of this broker is quite limited, which makes a proper diversification of cross-assets unfeasible. We also provide MT4 NexGen which is advanced trade management software, to boost your MT4 platform with more features by NexGen here. Our unique Axi Select program provides a pathway for talented traders to access the capital funding they need to become professionals, and to learn more about this opportunity here. Forex Trading Signals– You can gain access to thousands of trading strategies and place trades automatically. Also, you can create your own trading signals, develop your own strategies, and share them with traders who would like to follow you.

It uses MetaTrader 4 as its dominant trading platform, and this standard approach helps it attract retail traders. One of the top forex brokers in the forex trading market is AxiTrader. Over the years, AxiTrader has become a sought-after name in the forex trading market.

No AxiTrader fees are imposed on the withdrawal of funds from an AxiTrader account. The MetaTrader 4 WebTrader runs on all web browser applications. AxiTrader platforms do not require upgrades as the service delivers them with their most powerful versions.

5 award-winning service.100% committed to you.

Three unique features make AxiTrader a success at the trading game. The broker is known to harvest the best out of the Autochartist MT4 plugin, its VPS hosting, and the PsyQuation Premium service. The company had made four different counts of brokerage violations under the regulator’s Financial Conduct Act 2013. The global financial authority in Dubai Financial Services Authority also governs the workings of AxiTrader.

It is well-designed and user-friendly, with a good search function. We tested the bank transfer withdrawal and it took 2 business days. We compare Axi's fees with those of two similar brokers we selected, TMGM and Eightcap. This selection is based on objective factors such as products offered, client profile, fee structure, etc.

Forex fees at Axi are low.For Pro accounts, there's a commission of $3.50 per trade and a low spread cost. Most clients get the chance to have their account in their choice of base currency axi review from AUD, USD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, or CAD and deposit funds. AxiTrader has no minimum deposit requirements, & every user is free to deposit any amount in the account.

From beginners to seasoned traders, AxiTrader has enveloped the globe by becoming an efficient ecosystem of traders, brokers, and trading platforms. Like any other platform, AxiTrader has also been thoroughly reviewed to clear out the doubts raised by traders. You can also useCopy Trading, another social trading feature. This allows you to identify successful traders and follow their trades, which are then translated into real trades in your own broker account. To access this feature, you have to download the Axi Copy Trading platform, then link your MT4 account to it. After these steps you can start searching for traders to copy.