The automated trade journal can help to improve trade analysis by automatically recording your activity. If you want to find areas in which you can improve, this is a great tool. Axi accepts clients from all over the world, excluding USA, Canada, Iran and some other countries where restrictions apply.
- Please consider contacting a professional advisor if you require any financial assistance.
- Autochartist provides the bulk of research content at Axi, but the Axi blog also features a weekly market review.
- I think that most of you would prefer the intuitive MT4 interface.
VPS hosting ensures fast execution and no downtime by making sure your platform keeps running 24 hours a day. One of Axi’s VPS partners is ForexVPS, which offers state-of-the-art SSD drives located in New York. For the Basic VPS edition, Axi will cover up to $34.99 of the monthly fee if you trade more than 20 lots in a calendar month. Another VPS option is MetaTrader VPS, which is offered by MetaQuotes at $10.00 per month.
PsyQuation Premium has more powerful indicators, frequently updated trading signals, comprehensive forecasting and institutional level quantitative models. Users have exclusive access to a suite of advanced trading tools that includes the Order Flow Sentiment Indicator (OFSi). OFSi allows users to view the Buy and Sell order flow of 22,000+ live trading accounts.
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All Axi subsidiaries offer negative balance protection and segregate client deposits from corporate funds. I can highly recommend Axi, particularly the unit operating out of St. Vincent and the Grenadines, due to it. You simply complete the registration form and verify your email address. You will then need to upload proof of identification and address for KYC purposes.
You get free access if you maintain a balance of at least $500 and trade a minimum of 1 standard lot per month. I personally love this tool and think it is one of the best you can find for conducting thorough market analysis. It basically gives you professional market research in an extremely user-friendly way. I don’t need to watch charts all day if I can set Autochartist to do all of the leg work on my behalf. Also, UK-based retail clients’ funds are insured via the Financial Services Compensation Scheme in the event of broker insolvency, as we discussed earlier in the review.
SWIFT bank transfer not process after 14 business days
MT4 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). Whether you prefer to trade on your desktop or whilst on the go, MT4 is compatible with the technology and operating systems you prefer to use. It comes with a wide range of built-in tools and fully customisable features. I have used MT4 for many years and it is still my platform of choice, even though MT5 is the newer version. Axi UK must comply with the rules of the European Securities and Markets Authority (ESMA) when they are conducting their business.
Copy-trading with Axi
Axi have an education centre with free training for all levels of traders that covers a range of basic, intermediate and advanced subjects. The centre includes eBooks, webinars, video tutorials and a glossary. That means you can be confident you’re getting the essential information you need, from people who understand the industry. Courses are self-paced so you have flexibility to go over lessons as many times as you need.
Whilst this can be a good hands-off solution for those who do not have the time or knowledge to trade by themselves, I find the signals to be hit and miss. I would much prefer to use my own strategies as I like to know when and why a position was taken. 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. I always like to know what is happening around the world as the news can have a large impact on price movement.
Trade 220+ products with unbeatabletrading conditions
This is because their ‘no dealing desk‘ allows direct trading with liquidity pools, which also enhances execution speeds. Backed with the reliable MT4 trading platform, Axi offers you the confidence that your trade will axi review be delivered at a very fast speed. Axi offers a reliable ECN execution of trade orders with no dealing desk intervention. An ECN model of operation boosts client trust and allows for breakneck execution speeds.
The forex news feature provides you with the latest forex news directly into the platform. You can add your favourite news feeds and follow traders from social networks. Axi are a regulated broker that must be compliant with strict regulations and standards that are put in place to protect investors.
While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs. The customer service of Axi Corp (Axi) has also won awards thanks to its 24-hour day customer centre. This is only closed on the weekend when currency markets are closed.
Stock CFDs
I also like the hassle-free withdrawal process at Axi, while Autochartist offers a much-needed plug-in for the MT4 trading platform. Overall, I can confidently rank Axi as one of the best Forex brokers operational today. Traders have access to two account types, the commission-free Standard and the commission-based Pro. I advise against the former, which despite the advertised minimum spread of 0.4 pips, carries costs roughly three times above that and beyond. It is an expensive account, and I recommend traders opt for the Pro alternative. The commission of $7.00 per round lot remains competitive, and spreads start as low as 0.0 pips, an ideal combination for algorithmic traders and scalpers.
Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. Eligible Axi clients get complimentary access to top online trading courses from the London Stock Exchange-accredited Knightsbridge Trading Academy. This course allows you to learn from accredited tutors and elite traders. Trades from signal providers are placed automatically within your account and can be stopped at any time.
The broker is an Australian based merchant that was founded in 2008 with its headquarters located in Sydney. Axi prides itself on 24-hour support, fast trade execution, tight spreads with minimum account slippage. Axi does lack a few CFD trading services such as stockbroking and Shares CFD services. This means that you will need to find a share trader provider in addition to Axi as your CFDs provider. Those looking for an all-in-one trading experience may want to consider some of the larger brokers such as CMC or IG.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Fundamental tools, training resources, trading education and expert coaching to help you continuously improve. A CFD is a contract between traders where the buyer pays the seller the difference between the current asset value and the value of the asset when the contract closes. Axi accepts traders from the UK and South Africa and has an office in each. Traders from Malaysia, Singapore, and Canada may also open accounts at Axi, but US traders cannot trade at Axi. Axi offers bank wires, credit/debit cards, POLi, FasaPay, Sofort, GiroPay, iDEAL, Neteller, Bitcoin, Skrill, Boleto, Global Collect, and 17 regional online banking solutions.