What you’ll get here is my direct, experience-driven take on who AXI suits in the Canadian trading scene. The different account types offered by Axi, cater to both beginners and institutional clients. Traders can choose different account types and technology that suits their trading goals and preferences, allowing a truly personalized and tailored experience.
Commissions
The platform is available as a webtrader, again directly through your browser. It can also run on almost any device and has over 50 indicators and charting tools in places along with being a very easy to use platform. If you are into algo-trading, then you will also benefit from the availability of EAs here that you can get from the trading community to implement, or code yourself. Video tutorials on the MetaTrader 4 platform are also a welcome addition. They provide step-by-step guidance on how to install and use the platform effectively. Additionally, there is MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) account management for professionals.
Account Opening and Deposits
Also, the broker provides a free trading course for beginner traders. Copy established strategies axitrader review and portfolios from hundreds of traders all over the world right into your MT4 platform to automate and simplify your trading experience. With language availability, there are 13 languages that you can access through the broker website. These include English, Spanish, Arabic, Chinese, Italian, Thai, Vietnamese, and more. This provides for a very healthy level of language support for traders around the world.
Axi Base Account Currency
Through its Axi Copy Trading App, traders can follow and replicate the strategies of successful investors, making it an attractive option for those seeking a hands-off approach. Trading with Axi is generally considered safe due to its strong regulatory oversight and adherence to high financial standards. The broker is licensed by reputable authorities, which enforce strict compliance measures such as segregated client funds, negative balance protection, and robust financial reporting. In addition, Axi stands out with its competitive pricing and good spreads as we find on its spread account. For over a decade, DailyForex has been the trusted Forex broker authority, establishing an unrivalled reputation for rigorous research and journalistic integrity. With a methodology refined through years of industry experience, we empower traders to make informed decisions, which is particularly important when trading high-risk investments such as penny stocks.
However, what you can’t get away from is that you have to sign up with the offshore entity – AxiTrader Limited, which isn’t authorized by a strong regulator. This makes it a risky endevour – you could have limited recourse options in case of issues. Support response times are generally fast, and the staff is knowledgeable and courteous.
Company Information
- Axi regularly offers promotions and bonuses for both new and existing clients.
- Axi also caters to specific needs with its Islamic Account, which complies with Sharia law by offering swap-free trading.
- Of course, the balance in the covering account will be deducted to reflect this as appropriate.
- The variety of trading instruments available ensures that there’s always an opportunity to capitalize on market movements.
He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
Crypto Brokers
You have negative balance protection with this account, which means you cannot lose more than the amount of money in your trading account. If a trade position is unsuccessful and you have a loss, any negative balance on your account will be reset to zero. Axi requires a low minimum deposit requirement of just $1, making it accessible for traders looking to enter the market with minimal capital.
For standard and pro accounts, AXI requires no minimum deposit for Canadian users, making it highly accessible for a diverse range of traders. Elite accounts may require a higher deposit, but this information is available on request. Forex is clearly the strongest suit at AXI, with support for a wide selection of majors, minors, and exotic pairs, all tradable with competitive spreads and significant leverage. Indices and commodities add meaningful hedging and speculation opportunities, covering global benchmarks and key natural resources. The inclusion of MetaTrader 4 ensures access to automated trading (EAs), professional charting, and tight integration for active technical traders. The broker is also good for beginners as you have negative balance protection, with a low minimum deposit of $5, and they charge inactive account fees only after 12 months.
MT4 is available on desktop, mobile, and web, offering flexibility for traders to access the markets from any device. Axi applies commissions to certain account types, providing a transparent fee structure for traders. Pro Accounts feature a competitive commission of $7.00 per round lot. Similarly, Premium Accounts also include a commission of $7.00 per round lot, with spreads incorporated into the bid-offer price.
- With share CFDs, you can use leverage, allowing you to trade major global stocks without committing large amounts of capital.
- Additionally, there is MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) account management for professionals.
- In terms of commissions and fees, Axi offers a balanced cost structure with no inactivity fees and active trader discounts, although its commissions and fees are rated as average.
- The broker offers video tutorials, covering various trading topics, including an in-depth guide on using the MT4 platform effectively.
- I actually came across Axi becaue I was looking for a decent P/L calculator that i could punch in my trade configurations in.
Continuation patterns are price patterns that show an existing trend with a temporary interruption. This type of pattern helps traders determine the decision to take on their next move, whether they are selling or buying an asset, for better trading results. In fact, it won ‘Best MT4 Provider’ in compareforexbrokers.com.au and UK Forex Awards in the year 2018.
We built the website to assist forex traders in finding the right forex brokers to trade with ease. We are committed to transparency, accuracy, and comprehensive insights. Though AxiTrader is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses. In this review, we will take an in-depth look at AxiTrader, exploring its features, pros, cons, and more. By reading this review, you will gain a better understanding of whether AxiTrader is the right broker for your trading needs and preferences. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you.
He has contributed to top platforms such as Investopedia, GoBankingRates, and Investing.com, where his expertise in Forex markets and digital assets is widely recognized. HelloSafe.ca offers site visitors information on insurance and personal finance products in compliance with applicable laws. Our guides, comparison tools and calculators are available free of charge. The content contained on the HelloSafe.ca website is for information purposes and does not replace that of professional advisors. Although continually updated, the information here may differ from what appears on the providers’ sites. Crypto at AXI is available only via CFDs, not direct market access or coins.
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