When you want to become a smarter trader, trust education from the experts. The Organisation of Petroleum Exporting Countries (OPEC) is an international organisation consisting of 14 nations that are all oil-producing countries.
Deposit issues
As a responsible broker, online security and fraud prevention are our top priorities. These small but important steps add valuable layers of protection to https://forexarena.net/ your account and provide you with a safer and more secure trading experience. You can open a Live trading account at Axi with a minimum deposit of $500.
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Another benefit of Axi’s execution model is direct order filling with no requites. A $7.0 commission for a 1 Lot trade is similar to what other brokers such as IC Markets will charge, but it is not the lowest axi forex broker in the industry. An equivalent trade on a zero spread account with Fusion Markets will incur a $4.50 commission per round turn, which is, at present, among the most competitive offers within the industry.
- This non-transactional fee is your responsibility; please check with your bank if you are unsure.
- Just hope Axi can improve the charting to be able to see the high/low readings of individual candle bar.
- The WebTrader can be accessed through all popular web browsers, such as Chrome, Safari, Firefox, and Edge.
- Apart from Forex trading, Axi allows traders to buy and sell over 150 financial instruments across different asset classes.
- You can also take advantage of our exclusive partnership with the London Stock Exchange affiliated Knightsbridge Trading Academy which provides you with complimentary access to online trading courses led by accredited tutors.
The edge for 60,000+ traders in 100+ countries
However, when you trade stock CFDs, you’re simply betting on the price movements, so you have the advantage of profiting from price movements in any direction. Note that Axi currently does not offer a proprietary mobile trading app, just like some of its peers, such as IC Markets. Axi will not charge an inactivity fee if there has been a period of no trading activity on your account. With many of the large brokerages, you will usually incur such a charge.
The first criteria that prospective Axi customers need to consider is their location, as Axi primarily operates in the UK and Australia due to the licensing it’s received from ASIC and the FCA. The Axi website and trading resources are easy to navigate and function well. The educational resources and the practice and copy trade functions mean to give the user plenty of options for learning to trade. All in all, Axi offers users a positive CFD trading experience. Choose from a variety of global markets to trade with Axi, using ultra-competitive spreads & flexible leverage to trade your edge. Trading forex with Axi gives you a number of advantages, including utilising leverage and competitive spreads.
Axi also offers a free demo account that allows you to hone your skills and trade risk-free with $50,000 USD in virtual currency. Axi charges no fees for funding and withdrawals to your trading account. We implement high industry standards of encryption to ensure your account is fully protected. These include the major, minor and exotic currency pairs, so you can diversify your approach to trading on the foreign exchange market with Axi.
You can also open a subaccount, using one account for copy trading and another for original trades. Axi’s mobile CFD trading platform is provided by MetaTrader 4. This platform has a mobile-friendly user interface and offers users advanced technical analysis, tools and charts. You can use it on Android and iOS smartphones as well as the web version for your laptop. Founded in 2007, AxiCorp has grown from a two-person startup to an industry-leading online trading company, trusted by thousands of traders worldwide. For your information, a ‘spread’ is the small cost built into the buy (bid) and sell (ask) price of every currency pair trade.
An inactive account is defined as one where there have been no transactions for the last 12 months. If you choose copy trading, Axi provides a list of traders and their statistics. You also have the opportunity to set risk levels to suit your risk tolerance. The platform allows you to stop copy trading whenever you want. Learn new CFD trading strategies from the professionals by choosing to follow and copy the portfolios of your favourite traders.
To remove or reduce this potential risk, always check your trade size and level of exposure before you trade and be sure that you can afford to cover any potential loss. Using simple tools like automatic stop-losses also help reduce the risk of a negative balance. Axi offers an array of free tools to help you better manage your risk, complemented by extensive educational resources dedicated to improve your general trading knowledge. Some brokers make you jump through hoops just to withdraw your own money. Our transparent service lets you make deposits and request withdrawals at any time though our online Client Portal. And, depending on the funding method you choose, your money can be cleared instantly.
It offers generous funding up to $1 million USD as part of a structured pathway to help traders have opportunities to succeed. See our bid/ask prices and spreads across all our currency pairs, including majors, minors, and exotics. Customer support had lot of excuses and blah blah not making your withdrawals.
Apart from Forex trading, Axi allows traders to buy and sell over 150 financial instruments across different asset classes. But, 130 financial instruments cannot compare with what its major competitors, such as IG or IC Markets, offer. Also, we found that Axi has a bit limited diversity of asset classes, as it does not offer CFDs on bonds, futures, options, or interest rates. The broker has since grown into a multinational retail broker with offices in the United Kingdom, Australia, South Africa, and Saint Vincent and the Grenadines.
In addition, precious metals are also available in the form of commodity futures CFDs. With these instruments, traders and investors can gain exposure to gold, silver, and copper futures markets. The broker provides traders with the popular MT4 trading platform. Axi also offers a swap-free account type for clients of the Muslim faith who do not want to earn or pay interest.
