Axi Leverage as a regulated broker in various jurisdictions complies to provide different trading conditions according to regulatory obligations set. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family.
Islamic Account
These regulatory bodies ensure that AxiTrader operates in accordance with the highest standards of integrity and financial stability. One of the most important factors to consider when choosing a broker is the safety of your funds. AxiTrader takes this very seriously and has put in place measures to ensure that client funds are secure.
AXI Trading Platforms
You can trade cryptocurrency CFDs online with Axi, provided that it is allowed in your country of residence. Traders can get the advantages of Bitcoin’s high volatility without the need for a digital wallet, no requirement to purchase physical Bitcoins and without the risk of digital currency theft. Whether you are brand new to trading or an experienced pro, you’ll find a community of likeminded traders with valuable knowledge to share and help you trade your edge. The volatility analysis gives information related to the volatility of markets at any given time with an adjustable risk parameter to identify instruments that meet a certain volatility criteria.
CFDs
You can also receive custom alert notifications via the app, email or SMS. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.
- 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.
- It is also great for getting notifications as soon as a price level is reached which saves me constantly checking the charts.
- AxiTrader also offers the MT4 WebTrader, a web-based version of the MetaTrader 4 platform.
- AXI lets you speculate over 70+ forex pairs like GBP/USD, GBP/JPY, USD/CHF, etc.
- The intuitive design and easy navigation made trading straightforward, even for a beginner like me.
I am a huge fan of trading apps, primarily because I am able to check the market prices and how good or bad my trades are doing at any time. It doesn’t matter if I am sat on the sofa or even in bed, I can fire up the app and see what is happening. It is also great for getting notifications as soon as a price level is reached which saves me constantly checking the charts.
Does AxiTrader charge an account maintenance fee?
The platform is fully integrated with many tools, services, and connectivity options offered by Axi and provides for the needs of all trader types extremely well. Here you can trade all the available assets including Forex, CFDs, Spread Betting, and Metals. Founded in 2007, AXI has gained popularity among traders engaged in scalping and auto trading thanks to the low spreads and fast execution speeds on offer. This platform has a mobile-friendly user interface and offers users advanced technical analysis, tools and charts. You can use it on Android and iOS smartphones as well as the web version for your laptop. Myfxbook Autotrade is an online automatic analytics tool that connects with your forex trading account directly through your MT4 trading platform.
The account is suitable for those who want to trade with low spreads, starting from 0.4 pips, in a variety of instruments. The research section with the broker only provides access to an economic calendar and no other insightful research tools like other major brokers. At the first stage and as a new to trading, you also can open a free 30-day trial Demo account with a virtual cash balance of £50,000 to practice skills and touch a trading process in a “real”. The traders that follow Muslim Sharia rules are entitled to open AxiTrader Swap Free Account that is not subject to Swap Fees on FX Major, FX Minor, and Precious Metals Symbols.
For instance, clients pay a $3.50 commission on trading a single lot of an underlying asset per round trip. You practise long-term investing when you invest for the long haul, perhaps five years or more. It’s a strategy for making substantial returns from investments in the stock market or equities mutual funds, which pay off only if you stick with them over the long term. On the other hand, day trading stocks involves repeatedly buying and selling the same stock throughout a single trading day. Day traders speculate on daily price fluctuations of the stocks and attempt to capitalise on them within the following few minutes, hours, or days.
There you see the range of techniques that is very well supported, alongside a broad offering of VPS services that not every broker makes available. Here is a deeper look at all of the account types you can expect to find when you are trading through Axi. This axi review can be carried out very effectively through the EAs feature of the MT4 trading platform. With this in mind then, Axi is a great ECN broker choice for ultra-low spreads. If you want a massive range of assets though maybe there are other more ideal choices.
You will then need to upload proof of identification and address for KYC purposes. Once verified, you will then be able to fund your account and start trading. Customer support is on hand to assist you during the process if required. https://forexarena.net/ I didn’t have any problems during signup and completed it within minutes. Featuring no swap fees or interest payments, this account is the ideal solution for those who are unable to earn or pay interest due to religious beliefs.
With commissions and spreads at the broker, only floating spreads are offered. These are generally kept very low and start from just 0.4 pips on an Axi standard account, and drop again to start from 0 pips on a pro account with a reasonable $3.50 a side per lot traded. As an Axi trader, you can access a range of commodities, currencies, cryptocurrencies and indices. The company offers generous leverage meaning that you can make substantial profits, but losses can also be magnified, and you will still have to pay back the borrowed amount. Research the best forex trading software before you risk your money.
However, you can only trade them as CFDs since it doesn’t support buying or selling real shares. Access to many stock exchange marketplaces makes AXI worthwhile for trading share CFDs. You can trade 50+ stock CFDs and benefit from the growing prosperity of the world’s economy. But the broker doesn’t provide real stocks, so you can only speculate on their worth through contracts for difference (CFDs). While trading share CFDs don’t provide you with the right of ownership, you can’t receive dividends either.