The conversion fees are charged for all trades involving instruments with a different currency denomination than the one on your account. The conversion fee is the exchange rate plus a markup obtained from liquidity providers. These are charged based on trade volume (though, they are sometimes fixed); The higher the volume of your trade, the higher your commission. https://forexarena.net/ For instance, Axi charges a commission of $3.50 per standard trade lot (which makes a $7 round-trip charge). However, if you use a standard account, you won’t be charged a commission. 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.
Capital.com Review 2024: Fees, Platforms, Apps, Pros & Cons
It guarantees narrow spreads commencing at 0.0 pips and a competitive fee of $7 for every round turn made. Customers can add Smart Trader Tools plugins as extra features to their MetaTrader accounts, though the platform doesn’t seem to have very many of them. The additional services the site offers to aid trading include, MT4 VPS Hosting axi forex broker and MyFxBook Autotrade. As a multi-regulated brokerage company that has over ten years of experience working with institutional and individual traders, Axi is considered to be a safe platform for clients to trade on. It is regulated in its native Australia by ASIC and across many of its other locations by the DFSA, FCA, and SVG FSA.
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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. You can also receive custom alert notifications via the app, email or SMS. This is the most popular version of MT4 that is used by millions of traders across the globe to trade the financial markets. From the high performance MT4 terminal you can access Axi’s full selection of trading instruments. You simply download and install MT4 for PC or Mac and login to your account to start trading.
MetaTrader 4 (MT
It is always a positive to be dealing with a respected broker that has been recognized in the industry. This means that Axi should be very well placed to deal with you as a global trader no matter where you are located. This focus on regulation ensures that you are well taken care of when it comes to trading safely and securely at Axi. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to Axi. The table below highlights some of the key broker areas, and the pros and cons in each. Subscribing to an MT4 Forex VPS hosting service for 24/7 access will increase dependability and ensure that your positions are never disturbed.
Overall, Axi can be summarised as a trustworthy Forex Broker with a robust regulatory framework and a highly competitive starting spread. Axi offers access to premium-level trading facilities catering diverse clientele base and has a trust score of 92 out of 99. Through this tab, traders can access market insights and updates from within the platform or from third parties. Deposits to an account on the Axi Trading platform are usually subject to deposit fees, though the deposits have to be above certain limits to warrant these charges.
How to open an Axi Account – Step by Step Guide
I actually pay a third-party provider around $30 per month for a VPS. It is a vital tool for me as I need to simultaneously run multiple MT4 platforms 24/7 for my automated systems. If you think that a VPS would be useful to your trading activities, Key to Markets also give you free VPS access if you trade enough volume.
The brand has a mixed client base, with opportunities for less experienced investors, as well as institutional traders. An inactive account is defined as one where there have been no transactions for the last 12 months. 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.
Also, the broker provides a free trading course for beginner traders. Axi offers over 130 trading instruments from popular asset classes such as forex, CFDs, stocks, indices, commodities, ETFs, and bonds. However, some trading instruments might not be available, depending on the country you live in. Axi providing such detailed historical data is a valuable asset for any trader. Backtesting is a crucial step in developing and refining strategies, and having extensive data allows you to truly test your approach across different market conditions.
- An extensive FAQ section is also supported through the website which can answer many of the most common questions you could have.
- The only requirements are name, country, e-mail, phone number, and application type, which took me less than 30 seconds to complete.
- These are obtained from non-trading actions you perform on your trading account.
- These include English, Spanish, Russian, Arabic, Chinese, Thai, Vietnamese, and more.
When you trade cryptocurrency CFDs with Axi, you don’t have to invest directly in the product. Instead, you’re simply trading on the real-time price movements in the market. So, while you don’t own the underlying crypto, you can benefit from the price movement in any direction. An index is a financial product that tracks the performance of an entire market, a market sector, or a specific group of assets.
You can trade on multiple variations of the popular MetaTrader (MT4) trading platform. 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.
These are all tradable across various financial markets, and the list has only continued to extend. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. 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.
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. Client funds are held in secure and segregated trust accounts with top-tier banks including NAB and Lloyds. This means that client funds cannot be used for any other purpose by the company such as operating costs are hedging. This regulation gives me confidence that they are a broker who I can trust with my funds, so I am able to focus on my trading without any worries. I would always prefer to use a regulated broker as they should always operate in a transparent manner.
MT4 mobile is freely available to download on both Android and iOS via the relevant app stores. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. Axi believes that traditional ECN connections are too slow for today’s traders; layers of networks, cables, firewalls, and third-party platforms only add latency which costs the trader. To mitigate that, Axi goes directly to over 20 top-tier liquidity providers and uses co-located servers in key locations worldwide.
Some participate won good positions by the break the rules of Axi. Commodity trading is the buying and selling of raw materials, such as crude oil, wheat, corn, rice, and so on, which are important to the global economy. Crude oil is the most traded energy instrument on this broker’s platform. Similar features can be seen on the broker’s MetaTrader mobile app for iOS devices (iPhone, iPad, iPod touch). From the above, we can easily deduce that the spreads offered by Axi are slightly higher than those offered by the big names in the industry, such as IC Markets and IG Markets. I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds.
