Blog

Kindly note that we did send the funds to your bank last October 26th based on your bank instructions. When we recall the funds we do not have particular time to received the funds as this depends from your bank or the intermediate bank. In most cases your funds will be available in a matter of hours, however please allow one to three days for bank transfers. There are of course some areas for improvement as it relates to their asset coverage and educational material. However, these are relatively easy to rectify and it is possible that with enough requests, they could include them.

• Risk parameters are flexible and can be set according to your own preferences.
• To understand if this Forex broker is a market-maker or not, we need to look at their trading account and execution models.
• These are pretty standard for Forex traders and is used to mark all the important Economic announcements that are coming up over the coming weeks / months.

On the other hand, its design is outdated and it lacks price alerts. What you need to keep an eye on are trading fees and non-trading fees. We ranked Axi’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. Spreads and commissions with AxiCorp are scaled with the accounts offered. Specifically, the spread starts from 0.4 pips on the Standard account, and 0.0 pips on the Pro and Elite account.

Is the quality of customer service satisfactory?

Worst forex firm I ever seen, I registered then I could not login again, am wondering system asks for Mt4 credentials while am not able even to login to my dashboard to open mt4 account!! Am just imagining if this happend during live trading urgent action required !! Can’t trust them again, they have serious system issues, support is bad late reply non profissional reactions. In order for us to investigate this matter, please email us your full name, account number, and the details of your concern to or provide it on the Trustpilot request we sent. I have been a client of AxiTrader Limited since 2014 and now I am trying to get my funds from my account within 2 weeks. However, the company delays this process in any way, promises and provides false information.

In order for you to get a good idea of the kind of leverage levels that you can trade with you will have to take a look at the product schedule. Below is the Initial Margin rate and leverage tables at AxiTrader. AxiTrader was founded in Sydney in 2007 originally as an Australian broker under AxiCorp financial services which has offices at Level 10, 90 Arthur St. After verifying your account, we could not find any records of a withdrawal request.

An economic calendar is also provided with multiple filters, such as ‘Country’ or event ‘Category’. Axi hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. However, all your monthly financial statements are available to download at the Client Portal. You should click on ‘Financial Statements’ within the ‘Trading Accounts’ menu. Axi’s web trading platform hasgreat customizability.You can easily change the size and the position of the tabs.

Both the accounts provide mostly similar types of trading features except the AxiTrader spread along with the cost of trading and related trading conditions. Trading on AxiTrader PRO account, you will receive a reduced spread and a commission charge will occur based on the base currency of your trading account and the size of your trade. However, as a fully regulated broker, we follow certain regulations from our third-party financial regulator that dictate the payment methods that can be used on different countries. Only two options in Vietnam, use your credit card and get charged a cash advance fee, or bank with a bank that has Internet banking with them. If your bank is not one of the listed banks, you cannot do a wire transfer.

This is the most popular version of MT4 that is used by millions of traders across the globe to trade the financial markets. From the high performance MT4 terminal you can access Axi’s full selection of trading instruments. You simply download and install MT4 for PC or Mac and login to your account to start trading.

AxiTrader Review 2023

It can also be used for copy trading purposes and traders are ranked on the platform according to “ZuluRank”. Duplitrade is an extra feature that is offered for free to all of those AxiTrader clients who have more than $5,000 in their accounts. You can of course also test it in a demo to make sure it works for you. The Next Gen MT4 platform is available to all of those AxiTrader clients who have more than $1,000 in their accounts. Of course, you can also give it a whirl with a free demo account beforehand.

Of course, there may be other fees that are applied by third party payment processors and banks. For example, if you are funding via SWIFT then there may be fees charged by third party banks or if you fund via card then your credit card provider may charge a fee. The spreads and commissions at Axi are based on what sort of account that you register with them. The Pro account comes with lower spreads but will charge you a commission based on the number of lots that you trade.

All withdrawals will be processed within 1-2 business days upon receipt. Withdrawal duration is varied depending on the withdrawal method. AxiCorp Financial Services Pty Ltd, also known by its trading name AxiTrader, is a Forex and CFDs broker based in Australia and founded in 2007. After the successful operation during the first years, the broker has been ranked among the most trusted Australia’s Forex brokers with the strongest brand association. Keep in mind that although they do not charge any funding fees, there may be some third-party fees when using certain payment methods. Bank transfers may take a few business days to clear whereas card payments and e-Wallets can be instant.

Our take on Axi

Unfortunately, the selection of financial instruments, as well as deposit and withdrawal methods is quite limited and can’t compete with other major players in the industry. AxiTrader also allows B2B fund transfers from two separate companies, so a trader can easily transfer his/her trading account from another brokerage firm to AxiTrader. A client of AxiTrader can enjoy the possibility of having financial account base currency in GBP, CHF, USD, EUR, or PLN as well as deposit funds in these major currencies also. Besides, the online trading platform has no mandatory minimum deposit requirements, and traders are free to deposit any amount. AxiTrader has no charges for a bank transfer, no inactivity fee, trading fees, or withdrawal fees. Engine Forex is an information service covering a variety of brokers and products for trading online.

The minimum trade size is also set to 0.01 lots, and there isno minimum deposit requirement. With clients all over the globe, the online broker AxiTrader offers high-quality, multi-lingual 24/5 customer support through live chat, a toll-free phone hotline and email. Our review found, that their award-winning service was named axi review ‘#1 for Customer Service’ in the December 2013 Investment Trends Australia FX Report. AxiTrader understands that forex and other trading CFDs are very complex financial assets. They have an extensive track record in the industry and are well known for their relatively attentive customer service and extensive asset coverage.

You can set alerts for when patterns are found and it can also forecast possible stop loss or take profit levels. The economic calendar keeps you up to date with the latest market news and can be set to send you alerts on specific events. It is useful having the calendar build into the platform rather than needing to keep checking it externally.

Key Highlights of Each Account

MT4 NextGen is a more advanced version of the MT4 platform with some additional features including advanced management tools, enhanced ordering and sentiment trading. You can get it for free when you open a live account and deposit a minimum of at least $1,000. View a full performance history and pick traders that best fit your financial goals. Filter traders based on what’s most important to you, including profitability, risk tolerance and asset type. As described on AxiTrader’s website, customers holding open positions with the broker must maintain minimum margin requirements as detailed in their Client Agreement. All positions have an initial margin requirement, and traders are required to keep an account balance over and above that requirement and any unrealised losses.

They also have a section that covers some of the latest charting setups from a technical analysis perspective. However, this seems to be quite outdated and has not been updated since October in 2018. Lastly, if you think that your trading is impressive then you can always export your trading data and use it to secure external funding from investors.

This website is free for you to use but we may receive a commission from the companies we feature on this site. The AxiTrader Dubai branch was established in 2018 and is controlled by the Dubai Financial Services Authority . Currently, https://forexarena.net/ AxiTrader Broker ranks among the top Forex Brokers and financial brokerage firms not only in Australia but also in other markets. AxiTrader is a STP broker which provides 2 types of account, Standard account and PRO account.

AxiTrader will charge their own spread to this which is +1.25% for a long position and -1.25% for a short position. Given that AxiTrader will have to had to have conformed with these requirements, you can feel at ease about the safety of using their services. Moreover, unlike with an unregulated brand, you know exactly which regulator to turn to should you have any issues with AxiTrader. There are arbitration processes in place that are able to deal with these issues. If yes, kindly send the account number with the inactivity fee to , and our Client Services Team will check it for you.

There is likely to be a high risk of losing money when trading with the AxiCorp Financial Services Pty LTD because the license stands suspended. Till the time it gets reinstated, traders may find the trading platform a bit dicey. An oversight in the administration of this company has resulted in the suspension of its license. Users located in off-shore jurisdictions may not be subjected to this suspension order. It is difficult to confirm how the company is mitigating this issue. The MetaTrader 4 WebTrader runs on all web browser applications.