Compare Axi with the best similar brokers that accept traders from your location. Offering 24/7 support, especially for international traders in different time zones, could enhance the customer experience. Axi is also one of the few brokers to offer funded trading accounts, which it introduced in 2023. Axi primarily offers the MetaTrader 4 (MT4) platform, a popular choice with active traders due to its flexibility and robust features. For low-frequency traders or those new to the market, the simplicity and zero commissions of the Standard account might be appealing.
Charting Options
And though phone, email, and social media customer support are available 24hrs, they are not available on weekends. The Axi platform doesn’t exactly excel in social media outreach, as the only customer service outlet on social media is on Whatsapp. Additionally, the platform provides bilingual customer service by phone, and you can call them on any of their lines depending on your location. Traders also have access to a pretty robust FAQs section that does a great job of anticipating popular customer queries and answering them, which was pretty helpful for this review. The self-paced courses are flexible, allowing traders to review lessons as often as necessary.
MetaTrader 4 is the smart choice for online traders looking to hone their trading edge. AxiTrader LLC is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. There is a very high degree of risk involved in trading securities.
- While Axi provides a functional trading experience through MetaTrader 4, its overall platform and tool offerings are average.
- For services that other brokers charge considerable fees for, the Axi trading platform either doesn’t charge any at all or simply charges minimally.
- Still, a further broadening of equities and commodities would further enhance its appeal, especially for advanced traders seeking diverse opportunities.
- The Axi trading platform supports multiple deposit options including card payments like Mastercard and Visa; e-wallets like Skrill, Neteller, and EcoPayz; various internet banking options; and crypto payments.
- Axi offers free download and installation of the leading MetaTrader 4 (MT4) trading platform across most major devices and operating systems including Windows, Mac, iPhone/iPad and Android, as well as the browser based WebTrader platform.
- Our review confirms that Axi is a trustworthy broker, backed by authorization from Australia’s ASIC and not publicly traded.
Wide range of markets
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. However, its overall offering is rated as below average – it may not meet the needs of traders looking for a wider range of investments. While Axi provides a functional trading experience through MetaTrader 4, its overall platform and tool offerings are average.
How to Open an Account and Trade CFDs with Axi Mobile Trading App
But at least, it does eventually refer you to customer service on the mail, which typically takes 2-3 days to respond. Additionally, courses are offered in 24 different languages since everyone can participate in the global trading community. Internet banking and crypto payment options are not available in every region, however. Traders can open the account directly or upgrade from a standard account. This type of account comes with a round trip commission of $7, spreads from 0.0 pips, no setup fees, and a minimum lot size of 0.01 lots. Hedging (both partial and full) and scalping are among the supported strategies.
Crypto assets are highly volatile and tend to present higher and more constant risk than forex pairs, but Axi keeps a pretty decent portfolio of such assets for interested traders. It also offers a wealth of resources to help traders maximize their trading experience. While known for its services as one of the best forex trading platforms, Axi also provides top-grade services in commodities, shares, bonds, and cryptocurrencies.
Compare Trading Instruments
I had a small question about account verification, and the support team responded within minutes. The platform is accessible, fast, and works well on all devices. The platform is easy to use and performs well even during volatile markets.
Around-the-clock support is a quality I’ve come to appreciate at alternatives like Exness. The blog covers a mix of educational and market-related content, which helps bridge the gap between theory and practice. They provide step-by-step guidance on how to install and use the platform effectively. Video tutorials on the MetaTrader 4 platform are also a welcome addition. These materials help simplify complex trading concepts, making them suitable for beginners. The academy is clearly designed to be accessible and incorporates videos, written content, and quizzes to make learning interactive and engaging.
- After coming back to the site regularly for that I eventually decided to open an account, and glad I did.
- Furthermore, the company could do better with a broader variety of research tools for users.
- However, you can’t open an Axi account if you live in regions like the US and Canada.
- But although Axi’s support options are robust, there is still room for improvement.
Open a Live Trading Account
On Axi, investors can trade index CFDs and gain exposure to top global market indices. According to Axi, trading commodities on their platform is less about trading in the actual materials and more about trading the underlying price movements of the relevant commodities. These are all tradable across various financial markets, and the list has only continued to extend. However, you can’t open an Axi account if you live in regions like the US and Canada. Now, let’s begin our more detailed review of the Axi trading broker and its facets. The company operates on a variety of third-party platforms that suit different trading needs, and these include the popular MetaTrader 4, (both basic and Web Trader versions), Myfxbook, and PsyQuation.
Commissions
Additionally, the platform uses cutting-edge security protocols, such as two-step authentication and SSL online encryption, to shield its clients’ private information from unauthorized access. This means the platform is in compliance with some of the highest standards of financial safety and credibility. He also commends their dedication to high standards of practice, especially with respect to their market access and spreads, and he has no problems with the re-quotes.
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. Our review confirms that Axi is a trustworthy broker, backed by authorization from Australia’s ASIC and not publicly traded. 83.1% of retail investor accounts lose money when trading CFDs with this provider. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
But although Axi’s support options are robust, there is still room for improvement. Its team is available via live chat, email, and phone, providing 24/5 support. Additionally, Axi’s well-written blog regularly updates market insights, trading tips, and industry trends.
After trying several brokers, I settled on Axi because of their transparency and reliability. There is also no proprietary app to guide new traders, which may make the learning process more challenging. While beginners may find their need for a proprietary app limiting, Axi’s educational resources and responsive customer support can still provide valuable assistance.
Axi trading platforms and tools
Founded in Sydney, Australia, by a team of experienced traders, Axi has been operating since its inception in 2007. In this review, we will discuss the company’s fees, investment safety measures, regulations, verification process, spreads, leverage, deposit & withdrawal options, and how to open an account with Axi. Axi is a global and multi-regulated forex broker with Headquarters in Australia.
Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. When acquiring our derivative products you have no entitlement, right axi review or obligation to the underlying financial asset. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Over-the-counter derivatives are complex instruments and come with a high risk of losing substantially more than your initial investment rapidly due to leverage. Investing in CFDs carries significant risks and is not suitable for all investors.
Examples of these exotic pairs are the USD/NOK, USD/PLN, and non-USD-paired ones like AUD/NOK. Axi currently handles trades in 7+ such commodities, especially gold, copper, silver, and oil. Of course, both forex/crypto and commodities involve the use of leverages, but the former requires a lot more leveraging than the latter. Furthermore, the company could do better with a broader variety of research tools for users. On the downside, however, opening accounts on the site takes more time than it should, and that can easily make new users lose interest. These include multiple MT4 Video tutorials to help users learn to use the third-party app, a comprehensive blog, a trading Academy, and a selection of educational webinars and seminars.
You do not own, or have any interest in, the underlying assets.We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
Solaris EMEA Limited (Axi EU) provides its services exclusively to clients residing in selected countries within the European Union. Axi is a trading name of Solaris EMEA Ltd which is registered in Cyprus under registered number HE376148. If necessary, seek independent financial advice.