This Axi broker review will look at some of the features and benefits of this popular online brokerage. This broker does not hold a banking license and is not publicly traded. While this means that its financial statements are not publicly available, the company is licensed by a number of regulators, including the FCA. The FCA’s website can be found here.
Opening an account and login
Axi broker offers a combination of low spreads and no commission on forex trading. With its Standard Account, you can trade for EUR/USD with just 1.4 pips and GBP/USD for 1.5 pips. For Pro Account holders, you can trade for EUR/USD with only 7 USD per round turn commission. Pro Account holders can trade with spreads as low as 0.0 pips.
To withdraw your funds, you need to log into your account with Axi. This is usually free but it can take up to three days. However, if you’re transferring from an international account, you may have to pay additional fees for a bank transfer. In addition, you have to meet the minimum withdrawal amount of 50 USD. You can also choose to withdraw funds via Bitcoin and Neteller/Skrill, which are free and instant.
Signing up for an Axi account is simple and only takes a few minutes on your smartphone. You will need to provide a few details, such as your name, email address, and country of residence. If you’re new to trading, you can start by making a trial deposit.
Does the broker offer a demo account?
A demo account is a great way to test out a trading platform before committing to a live account. These demo accounts usually come with a virtual $50,000 balance, simulating a live trading environment. They are especially useful for newcomers as they can test out their MetaTrader 4 software. Demo accounts will also allow them to see how quickly their trades execute.
If you’re looking to invest a large sum of money in the foreign currency markets, you may want to opt for a VIP or Elite account. These accounts come with a minimum deposit of 25,000 USD, very low spreads, and commissions starting at 3.5 USD. These accounts also come with specialised trading tools, premium MT4 trading tools, and access to free VPS services. You can open a Standard or Elite account with Axi, but you’ll have to deposit at least $25,000 to open one. The Elite account requires a higher minimum deposit, and you’ll only be able to deposit or withdraw money in USD or EUR.
If you’re new to the market, Axi’s demo account will make learning about trading easy. It provides a wide range of currency pairs and market analysis, which will help even new traders learn the ropes. A 30-day demo account will give you enough time to hone your skills and practice.
Deposit and withdrawal
The deposit and withdrawal process at Axi broker is simple. Users simply fill out a short application form with their personal information and submit proof of identification. The process only takes a few minutes. The broker claims to adhere to high security standards and has numerous security measures in place to protect the personal information of its users.
Axi broker has a reputation for providing excellent service and low spreads. Its standard and Pro accounts come with spreads as low as 0.4 pips. It is a reputable company that has been around for 15 years. It is licensed by the Financial Services Authority of Dubai. The broker offers credit cards, bank transfers and Skrill as methods of deposit and withdrawal.
Axi is regulated by a number of authorities, including the UK’s Financial Conduct Authority. The authority monitors the broker’s operations to ensure that they are compliant with EU requirements. Axi is also a member of the Financial Commission, an international body that deals with financial disputes. It offers a 0% commission for withdrawals and will credit the money to your bank account within two to five days, depending on the bank you use.
Available countries
Axi broker offers its services in a variety of countries. Its trading platform is accessible on desktop and web platforms. Its customer support team is available 24 hours a day, Monday through Friday. It also offers live chat for its clients. The contact details are listed below. Apart from these, Axi offers exclusive education materials to its clients. The company also runs a closed Facebook group with market analysts.
Founded in 2007, Axi broker strives to meet the needs of traders around the world. Axi was the company with the highest brand association of “trustworthy” among current FX traders in December 2014. In the last two years, Axi has expanded its operations to Cyprus, Philippines, and Singapore. The company has also won several awards, including Best MT4 Provider at the Forex Awards and Most Trusted Forex Broker at the ADVFN International Financial Awards.
Axi is well-regulated by various financial bodies. Although it is not listed on the stock exchange, it is a reliable company. The company is authorized by various regulatory bodies, including the Financial Conduct Authority (FCA). You can check out the FCA license on Axi’s website.
Trading education
If you’re looking for an online broker to join, Axi is a good choice. Their customer support service is available twenty-four hours a day, seven days a week. You can also take advantage of their live chat option to ask questions. Axi has over ten languages, as well as email and phone support. They also offer exclusive educational materials.
Axi was founded in 2007 and has its headquarters in Sydney, Australia. It quickly grew in popularity and quickly expanded its global presence. In 2012, it opened a UK office and will rebrand itself as Axi in October 2020. It’s an Australian broker that focuses on providing comprehensive market coverage and a variety of tools for implementing trading strategies. It doesn’t distract you with unnecessary frills.
Axi also has an excellent Webinar feature with a number of highly experienced traders and analysts. You can follow their trading strategies or copy them if you’re feeling stuck. There are also multiple high-quality ebooks and videos to help you get started.
Customer service
The registration process with Axi Broker is easy and straightforward. You simply fill out a short form with personal information and submit documents proving your identity. The entire process should only take a few minutes. Moreover, Axi claims to be highly secure and has measures in place to protect personal information.
The company provides excellent customer support. The response time is fast and relevant. Moreover, you can get help through live chat or phone support. Customer support representatives can also answer your questions via email. However, they are not available 24 hours a day. It’s best to try and reach an agent during business hours.
Axi brokerage has a multilingual customer service department. You can get assistance in multiple languages, such as English, Spanish, and French. If you don’t speak English, you can opt for the live chat option. Additionally, you can also access exclusive education materials and join a Facebook closed group of market analysts.
Is there an mobile app? Android and iphone.
The Axi brokerage website offers a number of helpful resources for traders. In addition to a comprehensive FAQ section, the website offers support in multiple languages. The company’s website also features an economic calendar and 60 video tutorials. In addition, it offers a demo account.
Axi’s customer support is generally good, but it is worth considering that it’s not available during the weekends. Other brokers, such as IC Markets, provide weekend support. The Axi website also has a news section, and they offer free webinars where traders can access live analysis.
The Axi mobile trading app is available in the app store and on the official website. The app allows users to invest in a variety of currencies and assets. The Axi platform also supports a range of currencies, including Bitcoin, Ethereum, Ripple, and DogeCoin. Users can also fund their accounts in the base currency of their choice. Another advantage of Axi is its fast and hassle-free account-opening process. The mobile trading platform supports auto trading and has a Multi Account Manager feature that allows a master account owner to make block trades on all affiliated accounts.
The Axi mobile app also provides the same features as the desktop platform. The app is easy to use and allows traders to trade from their mobile device. The mobile trading app offers fast execution times and tight spreads. The Axi trading platform features 20+ liquidity providers, including 7 ECN exchanges. It also features tutorials, tips, and advice. The app is available for both iOS and Android platforms, making it easy for traders to trade on the go.
Pros and Cons
Axi is a regulated broker with a high trust rating. It is a registered company with the UK’s Financial Conduct Authority, with a reference number of 509746. Axi has also passed the rigorous regulatory requirements of MiFID, the global financial regulation framework. It is able to operate in most countries in the European Economic Area, but has been banned from some. However, it is worth noting that a number of complaints have been filed against Axi.
Axi offers the widest range of Forex pairs of any broker, with more than 80 currency pairs. This includes majors, minors and exotics. It also provides trading in indices, metals, and commodities. It even offers cryptocurrency trading, although this is only available to Pro Account holders. Axi’s trading platform is available in multiple languages, and includes all the tools that a trader needs.
Axi is a good option for people who want to trade with a low spread. Their Pro account offers no minimum deposit, and spreads start at just 0 pips. Additionally, they offer a low commission rate, and no requotes. They also offer leverage up to 1:500, so you can trade more than one currency.
