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tradingcritique.com gives you a detailed review of the Broker platform Axi also known as AxiTrader. This is an updated Broker review for the year 2023.
This article will act as a product guide explaining to you about the different financial instruments and assets available to trade, Trading platform, Account types, Fees involved, Customer support and many more.
We also give you the details of the Regulations which proves that your investments are safe with Axi. Read further to know further details about AxiTrader.
AxiCorp (https://www.axi.group/ae-en) was founded in 2007 and is headquartered in Sydney, Australia. AxiCorp started a branch in London in 2012. AXI is the brand name of AxiCorp Financial Services Pty Ltd (AxiCorp). The Axi broker platform is also called as AxiTrader.
Axi has more than 60,000+ traders in more than 100+ countries. AxiCorp Financial Services Pty Ltd is regulated by DFSA and ASIC.
Axi provides customer service in a variety of languages, and they assist customers in their preferred language. 24/5 customer service is available here via Email, WhatsApp, Telephone call.
Image 1: Home Page of Axi website
| Country | Company name | Registration details | Regulations |
|---|---|---|---|
Australia | AxiCorp (https://www.axi.group/au) | AFSL Number – 318232 | |
Dubai | AxiCorp Financial Services Pty Ltd (DIFC Branch) (https://www.axi.group/ae-en) | Registered Number – 2758 |
Table 2: Awards in Axi Broker platform
| Awards | Year | Awarded by |
|---|---|---|
Best MT4 Forex Broker | 2019 | |
Best Forex Broker Europe | 2019 | |
Best Forex Broker Middle East | 2019 | |
Best EMEA Region Broker | 2020 |
AxiTrader basically offers CFD trading which is a type of Derivative trading. It offers various underlying assets such as Forex, Stocks, Indices, Oil, Metals, Commodities, and Cryptos to execute CFD trades.
There are no deposit and withdrawal charges with Zero Commission. The standard account does not have Brokerage fees also. Live spreads are available for all financial instruments. We will see the details and features of the various financial instruments in the below table.
| Underlying assets for CFD | Features to trade in Axi |
|---|---|
| Forex |
|
| Shares |
|
| Precious Metals |
|
| Oil Trading |
|
| Indices |
|
| Crypto |
|
Image 2:CFD trading features in Axi broker
AxiTrader offers powerful trading platforms. They are designed to run on PC, Mac, and Mobile.
The different trading platforms available in Axi are,
MetaTrader 4 (MT4) platform in AxiTrader is easy to use with functions such as charts, alerts, and analytics tools. You can keep pace with the market wherever you are in real-time. It is designed to run seamlessly at high speeds and customized for PC, Android, Mac, iPhone, and iPad.
While using MT4 you can learn about the market activity with real-time pricing. Once logged in you can access your MT4 account from anywhere.
Image 3:Benefits of using MT4 in AxiTrader
MT4 WebTrader provides more functions with high quality and flexibility. You can trade on any web browser on any device. It is optimized for lightweight web-based performance. You can access MT4 WebTrader by logging in to your Axi account from any web browser.
MT4 NextGen is the advanced version of MT4 which targets Professional traders. It is easy to use and built with more features.
Autochartist is free for all Axi clients which help in market analysis. It is a plugin that can be downloaded and used along with the MT4 platform.
AxiTrader gives you an option for automated and programmed trading using Axi API solutions. This kind of trading is termed as Application Programming Interface (API) trading. So, if you are an API trader and like to do algorithmic trades you can opt for this trading platform available under Axi.
API trades help in executing trades at the perfect time as it has been programmed. If you mention in your order that at a specific price this trade has to be placed, API places the trade at that same time without any time lag. Using API for your trading is an added advantage.
Two types of accounts are offered in Axi, namely, Standard Account and Pro Account. A Demo account is also provided for practising trades. Both the accounts have EA (Expert Adviser) compatibility which helps you to program your trades using API.
AxiTrades provides the Standard Account for its customers. Let us see the details and features of the Axi Standard Account in the following table.
| Axi Standard Account Features | |
|---|---|
| Setup cost | Free |
| Spreads | From 0.4 pips |
| Commission | None |
| Minimum Trade Size | 0.01 lots |
| Minimum deposit | $0 |
| Products | 140+ FX pairs, Metals CFDs |
| Mobile trading | Yes |
| MT4 NextGen | Yes |
| Margin/Leverage | Up to 50:1 |
| Base account currencies | AUD, GBP, CAD, EUR, HKD, JPY, CHF, NZD, SGD, USD |
| Demo period | 30 days |
Axi offers a PRO Account with some added features when compared to the Standard Account. The extra features in the PRO account are highlighted in the below table.
| Axi PRO Account Features | |
|---|---|
| Setup cost | Free |
| Spreads | From 0.0 pips |
| Commission | $7 round trip (USD) |
| Minimum Trade Size | 0.01 lots |
| Minimum deposit | $0 |
| Products | 140+ FX pairs, Metals CFDs |
| Mobile trading | Yes |
| MT4 NextGen | Yes |
| Margin/Leverage | Up to 50:1 |
| Base account currencies | AUD, USD, CHF, JPY, EUR, GBP, CAD, HKD, NZD, SGD |
| Demo period | 30 days |
AxiTrader also has a facility of using a Free Demo account which can be accessed for 30 days after opening it. You can trade as if you do a live trade in the Axi Demo account without investing any real money with access to real-time spreads and order executions.
You can open a trading account with any one of the 10 different currencies (AUD, CAD, GBP, EUR, HKD, CHF, JPY, NZD, SGD, USD) in AxiTrader. They did not set a minimum deposit which makes it more feasible for the traders.
Axi does not receive any commissions for trading with them. The deposit fee is completely free here. Credit Card, Debit Card, Bank transfers, E-Wallets can be used for depositing and withdrawing. Once your account is up to set, you can access your payment options through the online client portal.
AxiTrader does not charge any inactive fees or account maintenance fees. Withdrawal processing time takes 1 to 3 days.
Axi does not accept payments from third parties. So it is important to make sure that all the deposits in your trading account come from an account in your name. They accept payments from joint accounts if you are one among the account holders.
Axi customer service is available 24/5. They serve customers by Phone call, Email, Live Chat, and WhatsApp. Axi provides instant solutions to customers through live chat.
Customer support is available in 14 languages. Call customer care to choose your comfortable language and you will be supported in the language you select.
Traders can call for free from certain countries with different phone numbers which are listed in the below table.
Table 6:Free Phone numbers to contact Axi from different countries
| Country | Free Phone numbers to contact Axi |
|---|---|
| Australia | 0800 018 3306 |
| China | 400 8907839 |
| Germany | 0800 7244085 |
| Hong Kong | 800 903 578 |
| Indonesia | 0018030164060 |
| Malaysia | 1800 81 6529 |
| New Zealand | 0800 480 404 |
| Singapore | 800 120 6765 |
| Spain | 80 060 01 30 |
| Thailand | 001800120664622 |
| United Kingdom | 0800 018 3306 |
There is also a Frequently Asked Questions section under the Help center that answers the basic queries which arise in the mind of a trader while starting to trade with Axi. You can check this section to clear your doubts about Axi and if still, you are not clear you can easily contact Axi customer support.
Image 5:Axi Help Center with FAQs
AxiTrader provides trading-related information to help new customers. In the learn to trade section on the Axi website they provide trade-related education in the form of Tutorials, Trading Education, Videos, eBooks, Tools, Workshops and Webinars. Each of these sections has an ample amount of education.
Beginner’s Guide to Forex provides a good amount of information on products and trading tools for beginners. Here you can learn the basics of forex and discover different strategies.
To clarify more of your doubts about trading, the eBook section contains the following Books given below to download for free. If you fill a form giving your basic information such as your First name, Last name, Country, Email and Phone number you can download these free eBooks.
Some certification courses on trading are given in AxiTrader for free. These courses are provided by Knightsbridge Trading Academy which is accredited under the London Stock Exchange. Courses that value up to $2,750 are free for eligible Axi clients.
The eligibility to get these free courses depends on the deposit amount you deposit with the AxiTrader. The eligibility to access these free courses and their features are explained in the screenshot given below.
Image 7:Information about the free trading certificate courses available in AxiTrader
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