Traders can kick start their trading with zero spreads and fast execution speeds using the Axi pro account. The standard account features no minimum deposit requirement, flexible spreads starting at only 0.4 pips, and no commission fees. Variable spreads start at just 0.0 pips on the pro account, and there is a $3.5 commission on one side while trading a standard lot. If you require the tightest spreads, this account may be the best option.
The account operates from the MT4 platform and comes with $50,000 worth of virtual funds, access to real-time spreads, and a complete replica of the live market. The demo account typically has a 30-day expiry date, though users can potentially request an extension. Traders have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.4 pips, carries costs roughly three times above that and beyond. It is an expensive account, and I recommend traders opt for the Pro alternative. The commission of $7.00 per round lot remains competitive, and spreads start as low as 0.0 pips, an ideal combination for algorithmic traders and scalpers.
Axi provides access to many markets, featuring over 50 financial instruments to trade as CFDs. Demo accounts are available if you wish to test trading conditions and platforms before opening a real account. This can be a great way to familiarise yourself with the trading platforms and practice your trading strategies with virtual funds, risk free. Once you feel confident enough to trade with real money, you can then consider opening a live account. I would always start on a demo account to see how things go when trying a new system or broker.
Axi has a solid reputation, even though there are some issues with the license in Australia and the subsidiary regulated in St. Vincent and the Grenadines. AxiCorp Financial Services is the parent company and owner of all subsidiaries operating under the Axi name. Currently, there are no deposit bonuses available with this brokerage. And since share CFDs also allow you to apply leverage, you don’t need large amounts of capital to gain the benefits of trading some of the world’s biggest stocks. Let us provide a breakdown of those two categories and see how Axi has positioned itself on this front. Be part of a dynamic trading community in public and private chatrooms dedicated to different trading topics, from FX and equities to analysis and strategies.
With that said, Axis does not charge an inactivity fee or withdrawal fee. What’s best about trading with Axi is that it has no minimum deposit requirements, you are free to deposit any amount. We can say that the fees and costs of Axi are favorable for traders. Axi offers its clients the ability to trade over 70 forex pairs and boasts of having super competitive spreads with super fast execution times. This means that when you open a forex position (or close one, for that matter), it will do so as fast as possible.
The broker provides traders with the popular MT4 trading platform. Axi have a generous range of trading instruments for you to choose from. You can access multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs & ETFs.
Traders on the Axi Trading platform are able to fund their accounts and withdraw funds through a variety of deposit and withdrawal options. Axi also has an offer for the shariah-practicing traders, especially from Islamic regions like the UAE, who are prevented from earning or paying interest due to axi forex broker Islamic religious beliefs. In addition to being interest-free, this account type is also swap-free and features customer service and high trust and regulation. These are charged based on trade volume (though, they are sometimes fixed); The higher the volume of your trade, the higher your commission.
When comparing the trading fees between brokers, we always have to consider the most important things. We will look at the leverage, commission, and spreads that you will find when trading with Axi. To withdraw money from your Axi trading account, log in to the client portal and submit a withdrawal request. Withdrawals can be made through various payment methods, including bank wire transfers, credit/debit cards, and e-wallets. These are the Autochartist MT4 Plugin, PsyQuation Premium, and VPS Hosting. These features ensure that traders can take advantage of opportunities in real-time.
Through its Australian entity, Axi requires a minimum of $500 deposit for Australian residents to open a standard account. In the British unit, there is no minimum level for either the standard or the PRO. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways.
Beginner traders have access to a well-presented educational portal, and I think the PsyQuation trading analytics platform represents the best tool for traders at Axi. I also like the hassle-free withdrawal process at Axi, while Autochartist offers a much-needed plug-in for the MT4 trading platform. Overall, I can confidently rank Axi as one of the best Forex brokers operational today.
Having this many regulators is not a small feat for any broker and Axi has the potential of becoming part of popular broker lists if they make their spreads and fees a tad lower. Axi demo account is a mirror of the real account, but you cannot withdraw any money from the account, and all the virtual deposits will be gone after 30 days. However, high-speed internet is mandatory to use the web trading platform. Axi always focuses more on transparency, which means you will know your fees and commissions before placing an order or trade. The content is quite thin yet it can prove to be useful for complete beginners with no experience in the financial markets.
It is easy to use and has fast execution with the feature of MT4’s one-click trading. It enables you to track your progress with comprehensive trade history and improve with analysis too. It gives you access to the same depth of pricing as institutional businesses like banks, financial institutions, and hedge funds. With this account, you can run your strategy across multiple currency pairs by taking advantage of low spreads across both major and minor currencies. It has a positive slippage where you’ll receive the benefits of positive slippage and better trade prices with the help of AxiTrader’s price improvement technology. Established in 2007 in Australia, Axi (formerly known as AxiTrader) has grown to become one of the leading names in the online trading industry.
It is a bit limited when compared to its desktop counterpart, but still offers decent functionality for those looking to trade on the go. You can easily open, close, and manage positions from the app, but doing analyses on a small screen can be a bit of a challenge. As such it is ideal as a companion to the desktop version, but lacks the robustness of being used as a stand-alone platform. There are also commodity cash CFDs that include USOIL and UKOIL which have the same spreads, from 3 pips. Commodity future CFDs have more instruments, 9 in total, with soft and hard commodities included and spreads starting from as low as 0.4 pips for BRENT.fs, SILVER.fs, and WTI.fs.