Meaning that their platform is provided by the company known as MetaQuotes Inc. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
We reached out via the live chat function and the second agency gave us the correct reason why our Neteller withdrawals were cancelled. They recommended we do a bank transfer, which we did and were successful. AxiTrader also provided video tutorials on how to navigate their platform. All the deposit methods offered by Axi are instant and free, we did not make a deposit via bank transfer. The broker’s average spreads for the popular instruments in each market was below industry averages.
How Axitrader as a Company Compare Against Other Brokers
The minimum trade size is 0.01 lots, and it includes 140+ trading products and 10 base currencies. The AxiTrader forex broker can be considered an average choice when it comes to trading. Whilst the broker is regulated by top tier authorities (the FCA in the United Kingdom and ASIC in Australia), our experts found that it didn’t offer a quality client experience overall.
It makes use of some of the most sophisticated algorithms which will analyse your own personal trading style to give you hints and tips about how to improve it. If you are the kind of person who likes to bounce ideas off other traders then you may appreciate Zulutrade. It can also be used for copy trading purposes and traders are ranked on the platform according to „ZuluRank”.
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To open a trading account with Axitrader, individuals can sign up on the Axitrader website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts. Whatever you are looking to trade, the varying Axitrader account types will be able to provide you with what you need. With Autochartist, Axitrader traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Axitrader users time and makes the trading process more efficient. Trading Centrals Alpha Generation Indicators can help Axitrader traders better understand market trends and patterns, enabling them to make more informed trading decisions.
- They have a solid reputation among traders to their dedication to transparency, legal compliance, and client happiness.
- Surprisingly, you are not charged any fees for a deposit / withdrawal at Axi.
- You should take the security of your personal information seriously and check SSL encryption is enabled on the Axitrader trading platform to protect you on PC and mobile Axitrader platforms.
- Demo trading accounts like the Axitrader demo account can help individuals to make informed decisions before investing their money.
Low spreads
We want to ensure you have all the knowledge necessary to use the Axitrader trading tools confidently, from depositing and withdrawing funds to executing trades. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences. AxiTrader are an ECN broker and this means there is no dealing desk intervention when you trade.
- You can trade a wide variety of instruments with Axitrader over 170 instruments in fact.
- The broker operates under strict guidelines, governed by various regulatory bodies depending on the region, ensuring that your investments are protected.
- Their commitment to traders sets them apart in the competitive landscape of online forex brokers.
- Millions of people worldwide use Android mobile devices and tablets, and Axitrader offers its clients access to the MetaTrader 4 platform on these devices.
- The best part is that upon reviewing the platform, trading data was 100% open instead of being restricted to a few percentages like most copy or social trading platforms provide.
Axitrader Compared To Other Brokers
It’s important to note that Axitrader requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Axitrader maintain a trustworthy financial environment for its 60,000 users. Detailed information on the Axitrader trading platforms is available on their website. MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.
When it comes to online trading with brokers like Axitrader, carefully review Axitrader as your broker can make or break your success. Choosing the right broker is essential to ensure your Axitrader investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.
Axi offers dynamic spreads in all their accounts (meaning that they constantly change) yet they do adjust their base offer depending on the account type a trader opens. After reviewing Axitrader, it’s vital to summarize its strengths and weaknesses to help you make an informed decision. Using the copy trading platform, you can study the strategies axitrader review of the top traders and copy them. You must choose a trader to copy, then define your boundaries and begin copying.
To understand the real reviews, traders should focus on the content of the reviews. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist.
Axitrader is regulated by the ASIC (Australian Securities & Investments Commission) (318232), FCA (Financial Conduct Authority) (509746). When selecting a broker such as Axitrader, one of the most critical factors to consider is the broker’s regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Axitrader ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability.
Is my money safe with Axitrader?
Brokers may occasionally pretend that your withdrawal has been approved before placing the money back in an effort to induce you to trade and reverse the withdrawal. Investing in leveraged products has a significant amount of risk, so consulting a professional is a must. The 1,305 reviews for AxiTrader speak for themselves; they have a 4-star rating as a broker on Trustpilot. 88% of the evaluations are favorable, while only 12% are unfavorable, with the majority of these reviews focusing on software and withdrawal concerns. Even though it says the wait time is 1-2 business days, one person had to wait for his withdrawal request to be approved for 2 weeks. The platform’s fast order execution is a key feature that traders value.
Does Axitrader offer guaranteed stop loss?
Whether you are a novice or an experienced trader, leveraging Axitrader’s features can enhance your trading journey and potentially improve your outcomes. Due to the unique nature of the broker, clients do not receive any AxiTrader bonus on their deposits. Traders are also not provided with any loyalty programs or any other additional benefits for opening an account, which is by far one of the major disadvantages of the company.
