They have free eBooks and video courses that you can take to upskill and there is an in-depth tutorial to show you how the MetaTrader software works. There is regular fundamental and technical analysis provided by the team at AxiTrader and there are daily news and blog articles published on the site. There are regularly streamed videos also talking about current issues affecting the markets. Usually, withdrawals will be processed within 24 hours with credit and debit cards, as well as the e-wallets like Skrill. Overall, these prices and commission levels are competitive with the general market as a whole. There is also a version for general smartphones that do not fall under the Android or iPhone categories. With the company being founded and having headquarters in London, they are regulated by two separate bodies.
Some competitors only assign Dedicated Account Managers to clients with certain account types. This stand-out feature means that all traders receive personalized service, regardless of their balance and trade sizes. There are also some educational materials on AxiTrader’s specific product pages. For example, the Forex Trading page outlines the benefits of trading forex. It also explains the symbols, bid and offer prices, types of brokers and traders, trading platforms, order types, and charts. You will also find descriptions of analysis, including pros and cons and examples for technical and fundamental trading.
The same report also named AxiTrader as the winner for customer support. Within the Market News and Blog sections of the AxiTrader website, the broker offers various educational articles. These include topics for all levels, such as trading mistakes to avoid, position sizing techniques, and habits of successful traders. It should be no surprise that AxiTrader offers an economic calendar for its clients.
Fortunately, there’s no shortage of trustworthy brokerages and with a little research and help from reviewing firms like Top Forex Brokers, you too will be able to determine the exact nature of a broker. For now, we’ll be focusing on an Australian-born financial brokerage, AxiTrader. In addition to having the strongest brand association with being trustworthy in 2014, AxiTrader was the Financial Institution of the Year.
Accounts
For those who prefer video analysis, AxiTrader also has videos outlining market updates. These feature AxiTrader experts and include the most relevant information for traders. This platform is known for its ability to deliver advanced data analytics. It relies on highly sophisticated algorithms to act similarly to a private trading coach. PsyQuation Premium will analyze the trading style of clients then identify mistakes to help you avoid them. To use the MT4 Multi-Account Manager program with AxiTrader, you must be regulated and approved.
To provide traders with useful information, AxiTrader publishes the dividend forecast schedule. It lists the dividend adjustments that are coming up for CFD indices offered via MT4 for AxiTrader. AxiTrader prides itself on gaining a high level of trust from its clients. This comes from the broker’s regulation and licensing from the ASIC, FCA, and other regulators. It also comes from the fund segregation and top rating for trustworthiness. That same year also saw back-office operations begin in Cyprus, the Philippines, and Singapore.
Engine Forex may receive a commission, referral fee or payment from a provider when you click on a link to their brokerage AxiTrader Forex Broker Review firm. Products included on this site may not suit your personal objectives, financial situation or needs.
Axitrader Offers Outstanding Customer Service And Trust
Autochartist also includes daily market reports for free, offering a market overview. This free market report is delivered three times every day for commodities and forex. You can also find the information on futures CFDs contract rollovers. The rollovers apply following the conclusion of trading on the given date. Most rollover processes should lead to downtime of less than one hour. When the contract resumes its trading, your account will have a swap or rollover applied. This swap or rollover will account for the price difference in the contract month.
This trading account is designed for beginner forex traders as it’s not a market makers account. This forex trading account spreads are wider than their Pro account however the account has no commissions. One of the biggest drawbacks with this Forex broker are the very limited options for deposits and withdrawals.
Axi clients in Malaysia will be trading with AxiTrader Ltd, regulated by the Securities Commission of St Vincent and the Grenadines. At the time of writing this review, the broker offers Refer-a-Friend bonus of £130 for each referred person who opens a live account with AxiTrader, while the referred one gets £260 in trading. AxiTrader’s client support is rated positively with a good score by hundreds of traders.
Does Axitrader Offer Analysis?
The alarm manager uses alarms, so you do not have to constantly watch the screen to take advantage of opportunities. Use the MT4 mobile applications to utilize real-time charting with live market data and options. You can also create your own trader customized watch list and access the latest news. Trading with MetaTrader provides access to a super-fast network with the New York servers. They can easily handle the flow of trading traffic, even including scalping and high-frequency.
Join Axi’s Facebook group now for all the market insights from professional market analysts. The customer service of Axit is available 24 hours a day, Monday to Friday. Traders can call them free from certain countries with some specific phone numbers available on their website. This means it offers products from MetaQuotes Software Corporation, developers of the popular Meta Trader platforms. Axi offers DupliTrade, Myfxbook, and Zulutrade , all are powerful third-party auto-execution systems that duplicate the trades of other successful traders. Overall, although the material is not as in-depth as you may expect from a broker of this type, all analysis is solid and well-written.
The average spreads are higher, which varies from another account type. You can open positions with a minimum of 0.01 lot with both account types. As we mentioned earlier, AxiTrader Retail foreign exchange trading does not require any minimum deposit amounts, and both account types allow you to deposit small amounts. Commission fee will apply when you trade only with the Pro account type.
Customer Support
The very same standards apply in the case of this world markets broker review. Foreign exchange reserves Find out more with AtoZ Markets Forex broker review of World markets.
- One of the many things that AxiTrader is proud of is its fast execution of trades.
- That PsyQuation platform already has a reputation for offering among the most advanced platforms in the world for retail traders.
- It is extremely easy to get in touch with a member of the team if you give them a call and they cater for more than a dozen languages.
- At the same time, some brokers do offer demo accounts for an unlimited time period.
- AxiTrader UK client accounts are protected by the Financial Services Compensation Scheme up to £ 50,000.
- AxiTrader offers a total of 80 different tradable financial instruments such as Forex pairs, a variety of index CFDs, metals, oil and other commodities as well as Bitcoin CFD trading.
Axi keeps all funds in segregated accounts and all customer information and communications are encrypted. Founded in 2008 in Sydney, AxiTrader is an ASIC and FCA regulated ECN broker for serious traders. While trading platform choice is limited to MT4, Axitrader’s platform setup and support have received multiple awards including Best MT4 Broker and Best MT4 Provider 2018 .
Axi Trader History
MT4 trading on Axi is truly customisable though, with a range of tools and plugins that can be added to the platform to make it more powerful. Bank Transfer – Local bank transfers will be available daily, while international bank transfers will take 3-5 business days for the funds to reflect in your account. Being an ECN broker, client trades are posted directly to the market without any dealing desk interference from the broker, removing any possibility of a conflict of interest. The firm’s in-house and outside research tools, including AutoChartist are provided with the MT4 NextGen package that helps traders to differentiate it from other MT4 brokers. The spread of Pro account starts from 0.0 pips with $7 round trip commission charge. For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography, and reputation.
