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AxiTrader Review 2023 Axi Broker Minimum Deposit & Spreads

AxiTrader Review 2023 Axi Broker Minimum Deposit & Spreads

axitrader review

AxiTrader is dedicated to providing a comprehensive educational experience for traders of all levels. Through Axi Academy, we offer a wide range of resources to enhance traders’ knowledge and skills. Our webinars cover various topics, including market analysis, trading strategies, risk management, and more. These live sessions allow traders to interact with industry experts and gain valuable insights. Additionally, our collection of eBooks provides in-depth information on various aspects of trading, helping traders to expand their understanding of the markets.

It’s important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them. Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section. Axi explains its products and services well, and I believe most traders will not require assistance.

Top 10 Forex Brokers 2023

Besides, traders can also contact the customer support executives on the broker’s toll free number in Australia. Apart from this, the broker provides dedicated account managers to their clients who’re looking for personalized support and services for monitoring and managing their accounts. While, reviewing the broker’s customer support services, we discovered that they’re quite efficient in this particular area. It was easy to get in touch with their customer desk and acquire support from their customer support representative. In fact, during a live chat discussion we managed to get answers to all our queries and concerns regarding forex trading and account opening and operating.

AxiTrader may offer a comprehensive FAQ (Frequently Asked Questions) section and a knowledge base on their website. These resources provide answers to commonly asked questions, account-related information, and guidance on using the trading platform and features. Trading Forex is risky, and each broker is required to detail how risky the trading o offering of the broker, and the trading conditions offered to clients, which are summarised in this review. The main benefit of using third-party platforms such as MT4 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker. Axi’s trading tools transform the MT4 platform into a state-of-the-art trading terminal. On the other hand, the SVG FSA is not considered a regulator and does not supervise trading or protect traders, but allows Axi to provide its traders with much higher leverage.

The Trustpilot Experience

It offers lower spreads compared to the standard account but trades incur commission charges that range between 0-0.5 pips per trade depending on the instrument being traded. AxiTrader offers traders access to over 80 financial instruments across 8 asset classes including major currency pairs (EUR/USD, GBP/USD), commodities (oil & gold) indices (S&P 500 & FTSE 100). They also offer ‘spreads as low as 0 pips on certain assets – making them appealing to both novice and experienced traders alike. On top of this, they have various account types which provide different leverage levels depending on how much risk you want to take with your trades.

axitrader review

While Axi does not offer deposit bonuses, it presently maintains two promotions for affiliates. Both are well-structured, and Axi focuses on growing its trader-base with long-term clients, a move I find business-savvy. I also believe that the trading conditions at Axi are better than any deposit bonus and the absence of it non-essential. The Axi blog also features high-quality educational articles, and I can only recommend that traders of all levels take a look, as there is plenty of thought-provoking content. Five eBooks are also available free of charge, but Axi asks for a name, country, phone number, and e-mail address.

How to open an account with AxiTrader?

The initial capital of trading with AxiTrader can be leveraged to amplify the potential gains smartly. It is important to note that high leverage has an inverse effect as well, where it could work in reverse of the trade. Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation Premium tool. This helps users get exclusive educational articles on the market. The AxiTrader website also runs video tutorials and offers eBooks to increase the understanding of trading among users. The MT4 WebTrader is best used to get a quick visual overview of the markets, study the charts, and monitor the existing trades.

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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.

AxiTrader Overview

AxiTrader provides a diverse range of market instruments for traders to engage in. With over 130 products available, traders have access to various financial markets. AxiTrader offers a wide selection of currency pairs in the Forex market, enabling traders to participate in global currency trading. Yes, AxiTrader offers cryptocurrency trading for selected cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

Can I trust AximTrade?

Axim Trade is an unregulated broker that is registered in Saint Vincent and the Grenadines, a place that has relatively loose regulations on forex trading. Although the lack of regulation does not necessarily make a broker a scam. However, traders should always exercise caution when dealing with unregulated brokers.

During our review process, we found that AxiTrader offered numerous options for depositing money into a trading account but the broker is not really efficient when it comes to withdrawal of funds. At the end of the day, choosing the right broker can make or break your trading experience. It’s important to do your due diligence before committing any funds so you can ensure that you’re getting exactly what you need from your chosen provider.

Clients also benefit from free educational resources such as webinars and ebooks that help them develop their skillset when it comes to selecting trading options. They offer 24/7 customer support via phone, email or live chat so customers always get timely assistance should any issues arise during the process of trading. All in all, Axitrader offers an excellent range of asset classes suitable for all types of traders.

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Who is owner of AXI?

Overview. Rajesh Yohannan is the current CEO of Axi. He previously worked at OANDA as a Managing Director and CEO. Rajesh Yohannan attended Indian Institute of Management, Calcutta.