Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. 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.

Deposits and Withdrawals

• Based on our research on the regulatory status of over 60 brokers, we’ve found that Both IC Markets and Axi hold 2 global Tier-1 licenses.
• Traders must request withdrawals from the secure client portal, and the name of the Axi account must match the one on the payment processor or bank account.
• This simple approach results in faster execution, more accurate pricing, and minimal slippage.
• Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy.

You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

Most Visited Forex Broker Reviews

Axi is also one of the few brokers to offer funded trading accounts. Axi Select has six stages with funding available to traders that can demonstrate they can achieve consistent returns while managing risk. The broker offers some of the best trading conditions to beginners and experienced traders, as well as high volume traders.

Standard Account

With this account, trades in all available instruments will not incur nor be paid any swap or interest, in accordance with Sharia law. In this broker review, we will pay attention to the critical aspects of Axi, which you may consider before deciding whether to trade with this online brokerage. Despite its strengths, Axi has a somewhat underwhelming aggregate score on Trustpilot, achieving 3.5 out of 5 stars based on 1,489 consumer reviews.

AxiTrader is not a financial adviser and all services are provided on an execution only basis. Information is of a general nature only and does not consider axi forex broker your financial objectives, needs or personal circumstances. Important legal documents in relation to our products and services are available on our website.

Bonuses and Promotions

You do not own, or have any interest in, the underlying assets.We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more. Remember, the top Forex trading platforms are designed to be your trusted allies in the pursuit of Forex success. Embrace the tools and resources they offer, and let them be the foundation upon which you build your Forex trading expertise.

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money. Trading with a regulated broker will limit the potential for fraud and malpractice.

Lastly, stay up-to-date with the latest platform updates and enhancements. By doing so, you’ll position yourself at the forefront of Forex trading, empowered to seize opportunities and minimize risks. The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe.

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. 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.

However, it is lacking CFTC regulation, so Axi cannot provide its services to US citizens or residents. Enjoy the assurance of trading with a licensed and https://forexarena.net/ regulated, top 10 global broker. Traders are not machines and part of the investing process is handling risk & developing strong trading psychology.

Deposits are instant through e-wallets, and withdrawals are normally completed within 1-3 days. The company is regulated by the Australian Securities & Investments Commission (ASIC) and the UK Financial Conduct Authority (FCA). Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading.

Over 60,000 clients have opened accounts in more than 100 countries. Axi Select is a capital allocation program for Axi traders who want to build professional skills. It offers generous funding up to $1 million USD as part of a structured pathway to help traders have opportunities to succeed. Learn new CFD trading strategies from the professionals by choosing to follow and copy the portfolios of your favourite traders. You can also open a subaccount, using one account for copy trading and another for original trades. For international bank wire transfers, your bank may charge you a receiving fee.

AxiTrader is considered Trusted, with an overall Trust Score of 81 out of 99. Axi offers a well-rounded educational program, making it a good choice for beginner traders. The third-party PsyQuation trading analytics platform also provides an excellent tool to make traders better. One of the most ignored trading costs is swap rates on leveraged overnight positions.

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. Secondly, develop a deep understanding of the platform’s charting and analysis tools. Leverage advanced indicators, drawing tools, and customizable workspaces to identify potential entry and exit points, manage risk, and fine-tune your trading strategies. The more comfortable you are with these platform capabilities, the better equipped you’ll be to navigate the Forex market. Achieving consistent profitability in Forex trading requires more than just having the right strategies – it also demands the support of a robust and user-friendly trading platform.