The technology infrastructure of AxiTrader is built with advanced trading tools. They run backtesting on features and user capabilities and support thousands of registered third-party plugins. AxiTrader does not promote any specific platform higher than the other, which makes it quite unbiased. AxiTrader’s pure Forex accounts have the privileges to select assets and indices with proper diversification. Moreover, AxiTrader helps new retail traders start their first trading account before becoming advanced traders and running into the platform’s limits sooner or later. There are so many forex brokers in the market today; choosing the best one for your trading needs can take time in 2023.

AxiTrader forex broker

Unfortunately, AXITrader is also one those brokers who do not have any bonuses at their disposal to cheer up their clients from time to time. Promotions are also not AXITrader’s cup of tea, except for the special Refer a Friend promotion which can earn you 130 GBP. If you register with this broker, be prepared never to get any extra trading bonuses. Bonuses are important to traders, but they still put security over the bonus policy which means that this reliable broker can probably get away with this shortage. The way you choose this broker make me wonder about your credibility.

A copy of the ID and one proof of residency documents generally satisfies this step and completes KYC/AML stipulations. Though, in the event that the amount to be withdrawn is greater than the initial deposit amount, you can also select a new method.

Experience with AxiTrader

Founded in Australia in 2007, AxiTrader was the vision of two traders wanting to establish an entity resembling their ideal brokerage firm. From humble beginnings, AxiTrader grew to become a global business and is one of the formidable brokerage firms in the industry. Fortunately, this Forex broker is fully licensed and regulated by the Financial Conduct Authority , and ASIC, and Australia. As such, this AxiTrader is fully compliant with regulatory requirements. All client funds are held in secure, segregated trust accounts at leading banks. Any information or advice contained on this website is general in nature only and does not constitute personal or investment advice. You should seek independent financial advice prior to acquiring a financial product.

Moreover, it gives customers peace of mind knowing they are working with a reputable and reliable company. VT Markets is also a broker that understands the importance of customer service. They have won awards for outstanding service and are always available to help their clients. 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. By trading through the British subsidiary AxiCorp Limited, which is regulated by the FCA, German customers also need not worry about regulation or deposit insurance.

Trading Platform/ software

Plus500 is regulated by the Financial Conduct Authority , one of the most respected financial regulators in the world. The FCA ensures that all financial firms follow strict rules and regulations, including protecting customer funds. As a result, you can trade with Plus500 knowing that your money is safe and that you will be treated fairly. Axi provides traders with Forex brokers 50 currency pairs, six cryptocurrency pairs, 20 commodities, and 31 index CFDs. Equity CFDs are notably missing, which is a negative in my book as I trade them, but Forex traders have a good selection. Here is a screenshot of the Axi MT4 Pro trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.

  • You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • A Virtual Hosting Service uses an external server to ensure your platform keeps running 24 hours a day and preventing downtime.
  • They have free eBooks and video courses that you can take to upskill and there is an in-depth tutorial to show you how the MetaTrader software works.
  • The United Kingdom part of their brand was launched in 2012 in London and they have also established themselves in China since 2015.

The simple trading software is well equipped for beginner and professional needs. Yet again, the broker offers no re-quotes to the delight of many traders. Since Forex brokers mobile trading became inseparable from the Forex industry because the majority of traders want to have both options, tot rade from home and on the go.

How To Trade Forex In 2023

This adjustment reflects the comparative difference between yield or interest rates on the underlying financial instruments. AxiTrader has developed this four-step simple process to meet the regulatory KYC requirements. New traders are likely to feel comfortable while opening an account with this process. It takes a minimum of two business days for a new AxiTrader account to get approved.

Trading Conditions

In addition, the demo account can be used to practice placing orders and executing trades. This is a valuable tool axi broker for new traders who want to get a feel for the platform’s work before they start trading with real money.

What Can I Trade

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. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Axi Pro account.

Is AxiTrader trustworthy? Licensing and customer reviews

For many people, the appeal of online trading is the ability to make quick, profitable trades without incurring high fees. EToro is a popular trading platform that offers zero-commission trading, making it an attractive option for short-term traders. In addition to being commission-free, eToro provides a wide range of features and tools to help traders succeed. For example, the platform provides real-time market data, charting tools, and educational resources.