With this account, trades in all available instruments will not incur nor be paid any swap or interest, in accordance with Sharia law. Axi is a broker licensed and regulated by the ASIC, FCA and DFSA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that Axi is not a scam, read our trader reviews and check other axi traders popular trading related websites and forums. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide investment advice, offer or make solicitation of any investment products. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Axi offers low trading fees, which vary on the account types and the cost structure.
- This trading platform offers excellent features, including lightning-fast execution, multilingual support, ultra-competitive pricing, and unbeatable value from 0.0 spreads.
- Besides, the broker also allows hedging and copy trading sophisticated strategies allowing traders to improve their trading experience.
- Which includes all the features of a standard account such as the use of EAs.
- As its trading platform, Axi decided to focus on the popular MT4 terminal.
- Axi’s withdrawal option is limited to wire transfers and e-wallets only.
You will be subject to fees unless you follow the minimum withdrawal amount. Additionally, they offer protection against negative balances as well. As a result, you cannot axitrader.com lose more than you have deposited in your account, although you can use the balance of one account to cover the balance of another if you have more than one account.
Investment in Asset Classes or Markets by Axi
Due to fast changing global market conditions, you may notice that sometimes the price you expect differs in a very small way from the actual execution price. Some brokers make you jump through hoops just to withdraw your own money. Our transparent service lets you make deposits and request Forex brokers withdrawals at any time though our online Client Portal. And, depending on the funding method you choose, your money can be cleared instantly. Axi clients receive complimentary access to the London Stock Exchange-accredited Knightsbridge Trading Academy’s top online trading courses.
In order for us to investigate this matter, may we please ask you to provide us with your full name, email address, or account number registered? We’ll take this on board and get back to you once we get an update.
Axi Broker Review South Africa- Our Conclusion
The community is a place to exchange ideas, ask questions, and gain practical advice on trading. Depending on the method you choose, withdrawals can take 2 to 5 days to process. However, the broker has promised to introduce instant payments to your phone over time.
Opinions, market data, and recommendations are subject to change at any time. Individual users receive Negative Balance Protection, which guarantees they will not lose more than what they’ve invested with AxiTrader. To minimize confusion, customers have a single brokerage account with AxiTrader but can have many subsidiary profiles in the shape of trading software logins. Axitrader is not a fraud but has been recognized repeatedly for its dependability, offering low-risk Forex trading.
Key Pros and Cons
This probably won’t be required by the average day trader but if you are using a strategy that needs the lowest spreads and quickest execution possible, this could be a solution. However, it is quite complex and therefore catered more towards professional traders. Forex brokers I think that most of you would prefer the intuitive MT4 interface. If you do need a FIX API, I would compare this solution to what you can get with Valutrades. The forex news feature provides you with the latest forex news directly into the platform.
Review of the trading conditions for traders
With this account, you can track your progress with comprehensive trade history and analysis. AxiTrader has invested https://finviz.com/forex.ashx in co-located servers and fiber optics for faster, more accurate trading with its advanced technology.
How to open your account
If you are an international client, withdrawal can easily take 2 to 5 days. If we talk about the interface of the app, it’s quite attractive and feature-rich. A trader can also switch their trading activities from their mobile device to desktop or vice-versa without https://forexreviewdaily.com/ losing their position. Similarly, a trader gets the opportunity to take prompt action with a decent plan. Altogether, you can trade quickly, thanks to easy-to-use features. At present, the company is serving its thousands of clients in 150+ countries.
This means you can be confident you’re getting the information you need from industry experts. In addition, taking self-paced courses gives you the flexibility to go over lessons as often https://forexreviewdaily.com/axitrader/ as needed. Finally, for a wider audience, we think it’s great that the tutorials are available in 24 languages. Since most brokers only have English content, this helps them stand out.
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.
The traders that follow Muslim Sharia rules are entitled to open a Swap Free Account that is not subject to Swap Fees on FX Major, FX Minor, and Precious Metals Symbols. AxiTrader as a regulated broker in various jurisdictions complies to provide different https://forexreviewdaily.com/axitrader/ trading conditions according to regulatory obligations set. It was previously known as AxiTrader, which was fully licensed and regulated in 2010 before rebranding to Axi. This is an Australian forex broker with an international client base.
