AxiTrader also provided video tutorials on how to navigate their platform. The broker could provide more video tutorials covering other topics. The main difference with Islamic accounts is that instead of daily swap rates, there is an administration fee charged if you hold positions for more than 3 nights. We consider the FCA regulation to be the best since it provides compensation of up to £85,000 in case the broker goes bankrupt.
- The potential for higher returns comes with increased risk, making it important for you to implement strong risk management strategies.
- But, according to their website, US traders cannot trade at Axi, nor can traders from countries that are considered high-risk or where trading is not allowed.
- Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors.
- We traded the popular instrument in each market to determine the actual spreads and placed 12 trades in total.
- Axi advertises a minimum mark-up of 0.4 pips in its commission-free trading account.
Degiro Broker Review 2025 – A Detailed Product Guide with Regulations
It oversees a range of financial activities, including forex trading, and ensures compliance with its regulations through a framework of rules and guidelines. The DFSA provides a high standard of investor protection and requires firms to meet rigorous operational standards. In conclusion, Axi (formerly AxiTrader) is a reliable brokerage with lots of experience and holds three licenses in different places. We like that their swap rates are fair and don’t have extra fees like many other brokers.
Is Axi regulated in Canada?
The FCA’s primary function is to protect consumers from unfair practices. This includes requiring brokers to hold client funds in segregated accounts, separate from their operating funds. By ensuring these accounts are compliant with strict regulations, your funds remain secure even if the broker faces financial difficulties. In this article, we will explore AxiTrader’s FCA regulation, its importance, the investor protection scheme, and negative balance protection.
You can deposit money using your bank card, through bank transfer, or via e-wallets. However, there are some limits on withdrawing money if you use bank cards. However, Axi offers a small number of tradable instruments, about 130, and does not offer ETFs and stocks, which is a drawback.
Does AxiTrader Operate Under FCA Regulation?
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. Yes, Axi operates as an Electronic Communication Network (ECN) forex broker, providing direct access to liquidity providers and offering competitive pricing and execution. The Pro Account offers improved trading conditions which is more suitable for seasoned traders. Demo Accounts are another feature offered by AxiTrader for practicing trading with fake funds that are available on the AxiTrader login page after you open an account. XTB is currently among the best-known broker platforms in the world.
Day Trading: Perfect Match
A copy of the ID and one proof of residency document generally satisfies this step and completes KYC/AML stipulations. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Axi Pro account. Some certification courses on trading are given in AxiTrader for free. These courses are provided by Knightsbridge Trading Academy which is accredited under the London Stock Exchange.
For Neteller clients would need to ensure the account corresponds to the one registered with AxiTrader. The average spreads for Pro account, after factoring in the commission fees, was at 1.14 pips (0.44 commission + 0.7 commission) whereas Standard account offered 1.24 pips spread. This setup helps AxiTrader to offer competitive pricing on PRO account, with 0 spread and, standard account with tolerable spread fees.
It facilitates technical analysis by providing an overview of price action behavior. Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles. In my experience, the really important aspect of a chart is how easy it is to scale price action up and down. Broken down by asset class, AXI charges low-to-average spreads on indices and commodities, average spreads on cryptocurrencies, and average-to-high spreads on currency pairs. I reviewed AXI’s legal documents and found the information readily available and easy to understand.
Axi MT4 Forex Trading Signals enables you to access thousands of ready-made trading strategies. This platform places trades automatically and has simple execution. By the use of trading signals, traders can copy trading strategies from thousands of traders from across the world straight into the MT4 platform.
Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Additionally, I learned that the broker’s Australian entity previously had its license temporarily suspended by ASIC because of misconduct. AxiTrader is a quality offering that has been around since 2007 and has constantly been expanding their operations across the world.
replies on “AxiTrader Review 2025”
By understanding these elements, you can make well-informed decisions that align with your trading strategies and preferences. Whether you are a novice or an experienced trader, leveraging Axitrader’s features can enhance your trading journey and potentially improve your outcomes. Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst.
Axi is now an international holding company with offices in Australia, Europe, Asia, South America, Africa, and the Middle East. More than 60,000 traders worldwide prefer Axi because it offers trading opportunities with very little deposit required. Axi also provides useful tools like copy trading and Autochartist. Little details can significantly impact your trading experience, which is why understanding Axitrader’s trading conditions is important.
- They are regulated by the Financial Conducts Authority in the United Kingdom (FSA number ), as well as being regulated by the ASIC in Australia (ASFL number ).
- The broker also achieves slow average execution speeds of above 100 milliseconds, increasing the risk of negative slippage.
- Also, it has an economic calendar that alerts you to huge events that enable you to stay on top of the market action.
- You can simply download it completely free from a Mac-based solution.
- In this review, we will tackle the company itself (AxiTrader), its platforms, services it offers and etc.
When you trade with a regulated broker, your money is in good hands. These brokers are required by law to keep your funds separate from their own operational money. So, even if the broker faces financial trouble, your money remains safe and untouched. First, they reach clients with the AxiTrader Affiliate and axitrader review Referral Program.
Comments