Unlock the full power of your Forex strategies and watch your profits soar. It goes against our guidelines to offer incentives for reviews. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I was taken part in trading competition at the end I won 12th position.

Advantage 1 – Axi Spreads

Choose from a variety of global markets to trade with Axi, using ultra-competitive spreads & flexible leverage to trade your edge. Forex trading involves buying and selling currency pairs to profit from fluctuations in exchange rates. Traders speculate on the value of one currency relative to another.

Introduction to Forex Trading

Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! This is the most widely used version of MT4, with millions of traders across the world using it to trade the financial markets. Axi’s entire range of trading instruments is available via the high-performance MT4 interface. Axi MT4 has the benefit of having invested in co-located servers and fibre optics for speedier trading.

Cryptocurrency Trading Course

• The broker offers several educational videos which the registered traders can watch free of charge and get enlightened.
• I like that Axi adds Autochartist, which can assist beginner traders.
• Axi provides traders 65 currency pairs (e.g., EUR/USD) compared to IC Markets’s 61 available pairs.

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. Axi has a regularly updated blog, which details industry announcements and views as well as insights into economic news across the globe. There is also the opportunity to receive market and technical analysis from experts. In addition, guides and infographics provide added data for traders.

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. They are required for opening an account, and therefore not an obstacle to new clients. The video library consists of eleven courses, consisting of numerous lessons.

Which trading platform is better: IC Markets or Axi?

At Axi, we are proud of our reputation as an honest, and fair broker, providing our customers with outstanding service and trading conditions since 2007. We also work with leading regulatory governing authorities globally to ensure we exceed the highest standards in the industry. Axi offers Forex traders a well-regulated, trustworthy, and competitive trading environment. Some industry publications place it among the Top 10 Forex brokers by trading volume.

In addition, Axi provides trading signals, a VPS, and MAM (multi-account manager) modules. An inactive account is defined as one where there have been no transactions for the last 12 months. You can contact customer service at Axi by phone, email or live chat. The live chat is responsive, with agents connecting quickly, and you can choose to communicate in a language of your choice.

The brand has a mixed client base, with opportunities for less experienced investors, as well as institutional traders. When spreads and fees are compared to other Best Forex Brokers In Australia, the overall result was favourable. This included comparisons to popular currency brokers including https://forexarena.net/ Pepperstone and IC Markets. This is because their ‘No Dealing Desk Brokers‘ allows direct trading with liquidity pools, which also enhances execution speeds. Axi’s MetaTrader mobile app for Android devices is user-friendly and offers all the major features with flexibility and portability.

This could be attributed to the CFD broker being Australian owned, with an Australian customer support team. This is based in Sydney meeting ASIC training requirements for staff. The Axi website and trading resources are easy to navigate and function well.

This non-transactional fee is your responsibility; please check with your bank if you are unsure. Also, the broker will require Proof of Identity and Proof of Source of Funds before processing withdrawals through international transfers. Traders who are looking to profit from some of the world’s most popular stocks can consider trading stock CFDs with Axi.

With different account options using the world-leading MT4 platform, we make it easy to trade the top forex CFD instruments. For your information, a ‘spread’ is the small cost built into the buy (bid) and sell (ask) price of every currency pair trade. It is also known as ‘markup’ and can also be explained as the cost of trading. The benefit of trading on the foreign exchange is that spread costs are generally very low but it’s always good to shop around to find the lowest spreads. See our bid/ask prices and spreads across all our currency pairs, including majors, minors, and exotics. Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets.

I recommend traders check with their preferred one to ensure the most cost-efficient method. Traders must request withdrawals from the secure client portal, and the name of axi forex broker the Axi account must match the one on the payment processor or bank account. I like the hassle-free withdrawal approach at Axi, as it adds to peace of mind when trading.

Secondly, assess the available features and tools, such as charting capabilities, order types, and analytical indicators, to ensure they align with your trading style and requirements. The demo account is a practice account that comes loaded with virtual funds for practice purposes only. A feature-rich, intuitive Forex platform empowers you to execute trades seamlessly, analyze market trends with precision, and make informed decisions in real-time. Look for a platform that offers advanced charting tools, comprehensive market data, and reliable order execution to elevate your trading experience. When it comes to forex trading, choosing the right platform can make all the difference in your success.

Axi has also been around for more than a decade, so enjoys a good reputation within the industry. If you open a standard account with Axi, there is no commission. That said, spreads available for standard account holders only start at 0.4 pips. In comparison, the pro account charges a $7 USD round trip commission but spreads start from 0.0 pips. Predominantly a MetaTrader broker, and rebranding from ‘AxiTrader’ – Axi now specializes in trading forex, cryptocurrencies, indices, metals and commodities.