I always like to know what is happening around the world as the news can have a large impact on price movement. The alarm manager can send you customised alerts which is useful if you are monitoring multiple charts at once and do not want to be at your screen all of the time. You can still set standard alerts in the MT4 platform which do more or less the same thing.
Trading fees and other costs
When you invest in stocks, you pay the total price up-front to take some ownership of an asset and can only profit when the price of the stock increases. However, when you trade stock CFDs, you’re simply betting on the price movements, so you have the advantage of profiting from price movements in any direction. The parent company AxiCorp Financial Services Pty Ltd changed its brand name Axitrader to become Axi at the end of 2020.
How to open an account with AxiTrader
The Autochartist pattern recognition software can save you time scanning the charts by conducting automated chart analysis for you. It will show you patterns found on an instrument of your choice with a pattern quality rating. You can set alerts for when patterns are found and it can also forecast possible stop loss or take profit levels. The economic calendar keeps you up to date with the latest market news and can be set to send you alerts on specific events. It is useful having the calendar build into the platform rather than needing to keep checking it externally.
Axi Trading Platforms
AXI offers Islamic accounts, also known as swap-free accounts, which are designed to cater to clients who follow Islamic finance principles. These accounts are structured in a way that eliminates interest payments (swap fees) on overnight positions, which is considered haram (forbidden) in Islamic finance. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. Note that Axi currently does not offer a proprietary mobile trading app, just like some of its peers, such as IC Markets.
Axi Pros and Cons
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. The top 10 largest and most valuable companies in the world by market capitalization, number of employees, revenue, earnings, and assets. Unfortunately, the AXI app lacks technical indicators used for in-depth technical analysis. Here is a quick review of the available stock exchanges from different countries in the table below.
Similar features can be seen on the broker’s MetaTrader mobile app for iOS devices (iPhone, iPad, iPod touch). Axi will not charge an inactivity fee if there has been a period of no trading activity on your account. With many of the large brokerages, you will usually incur such a charge. On the Pro account, on the other hand, the broker charges a commission of $3.50 per lot per side ($7 round trip).
- I personally prefer the MT4 desktop platform as it has all of the features and functionalities.
- Axi are a regulated broker that must be compliant with strict regulations and standards that are put in place to protect investors.
- And since share CFDs also allow you to apply leverage, you don’t need large amounts of capital to gain the benefits of trading some of the world’s biggest stocks.
- 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.
The responsive customer support further adds to the overall positive experience, making Axi my preferred choice for forex trading. This again features no minimum deposit with an even more competitive starting spread. This spread starts from 0 pips although there is a $7 per round turn commission on forex https://forexarena.net/ trading. This is still very competitive in comparison with other major brokers. Again you will have access to more than 140 tradable markets with the same range of great additional features. They are a top choice for low spreads, fast execution, trading platform choice, and no minimum deposit.
However, we came across a post where a member suggested someone use AXI for the best trading experience. We are unable to determine whether the Quora community endorses the broker or criticises it since more information is required in order to make that determination. These videos cover a wide range of topics in over eleven distinct courses.
Currently, there are no deposit bonuses available with this brokerage. For example, the Apple shares CFD follows the Apple Inc. (AAPL) stock price. Let us provide a breakdown of those two categories and see how Axi has positioned itself on this front. We should also note that the broker does not accept clients from New Zealand and Australia. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
This is available on all account types and trading platforms the broker offers, so it is an ideal starting point to help identify the best trading platform choice for your needs. Axi provides access to many markets, featuring over 50 financial instruments to trade as CFDs. Axi is a reputable online Forex and CFD broker that offers a wide range of trading instruments across multiple asset classes, including currencies, commodities, indices, equities, and others. The broker offers some of the best trading conditions to beginners and experienced traders, as well as high volume traders.
This can be a great way to familiarise yourself with the trading platforms and practice your trading strategies with virtual funds, risk free. Once you feel confident enough to trade with real money, you can then consider opening a live account. I would always start on a demo account to see how things go when trying a new system or broker.
Axi was launched in 2007 as an Australian-based financial service provider. The online trading broker offers traders access to various financial assets using innovative trading platforms. It offers some of the industry’s leading trading conditions, such as ultra-low axi review spreads from 0.0 pips, high liquidity, flexible leverage, and more. IC Markets is a CFD broker with its headquarters in Sydney, Australia. Our IC Markets review provides a quick overview of the broker’s services, fees & commissions, spreads, and safety protocols.
This is also backed up by a great range of charting tools and indicators that their own platform, as well as MT4, provides, though the limited asset choice can be an issue. This means if you are a scalper then the broker is an excellent choice thanks to the supportive environment, low spreads, and fast ECN execution. Finally, withdrawal times have been known to take a little longer on occasion, 3 days or more. Rates, terms, products and services on third-party websites are subject to change without notice.