Axi, formerly AxiTrader, is an online brokerage services provider that offers great trading conditions for both institutional and retail traders. Axi has a client portal that is accessible to clients globally, including those in Europe, Australia, Singapore, and Indonesia.
Axi Security and Licenses
Axi was established in 2007 with headquarters in Australia. This broker expanded to Europe, particularly London in 2012. In 2015, it launched its operations in China as it effectively widened its reach and grew its market. Axi specializes in different markets, including foreign exchange, commodities, indices, cryptocurrencies, and precious metals like gold and silver. Axi’s client base ranges from novices to expert traders as it provides great market opportunities for all levels of traders. It caters to those with small bankrolls, intermediate, professional, and expert traders.
This broker has maintained a clean reputation over years of service. It operates under the regulation of the Australian Securities and Investments Commission or ASIC, as well as the Financial Conduct Authority (FCA) in the United Kingdom. The FCA and the ASIC are both highly respected regulators in the field of finance and brokerage services. A regulatory status from either body immediately puts a broker in good light since the two implement strict security standards to follow. As Axi is regulated by both bodies, it is a guarantee that this broker provides quality, reliable trading services.
Axi has several offices around the world, which includes one in Dubai. Its Dubai arm operates under the regulation of the Dubai Financial Services Authority, while its New Zealand office is regulated by the Financial Markets Authority New Zealand. Furthermore, Axi is a multi-awarded brokerage firm who, in 2017 was titled the “Most Reliable Forex Broker”. Axi is also a member of the Financial Services Compensation Scheme, which means that all its client accounts are entitled to 50,000GBP insurance.
Axi Platform Services
Axi offers MT4 as its main trading platform, but offers a good range of trading accounts to choose from. These accounts have different specifications, giving traders a diverse set of options.
MetaTrader4
Axi is offering MetaTrader4 as its main trading platform, which comes in a variety of versions for investors to choose from. All MT4 variations are compatible with Android, Windows, and Apple devices like Mac. Aside from the classic MT4, traders also have the option to use the MT4 NextGen, a stand-alone platform and complementary to the MT4. This platform provides an opportunity to trade with extra features not offered in the web or desktop MT4. Moreover, Axi provides MT4 trading signals and MT4 multi-account managers.
Axi’s MT4 was recently modified to make it much easier to use and explore. Trades can now be executed quickly and effectively. In the meantime, extensive training materials guarantee that novice traders have access to enough skills and knowledge before they begin trading.
Axi Trading Accounts
Axi provides two trading accounts to choose from: Standard and Pro. Both accounts give traders access to the same tools and assets. they only differ in extra fees and charges.
- Standard Account: The Standard account uses spreads that start at 1 pip. leverages are from 1:30 to 1:400. No commissions shall be charged per trade.
- Pro Account: This account uses spreads that are as low as 0 pip, but charges 7AUD commission for every trade. This account also uses the same leverage levels offered on the Standard Account. The usual leverage for traders is 1:400, while Europe-based investors can only access up to 1:30 leverage.
Axi Trading Conditions
Spreads
Axi’s spreads are similar with what most brokers offer. The average spread in the standard account for the EUR/USD currency pair is 1.24, while its 0.44 for the pro account. The GBP/USD currency pair uses 1.73 pips for the standard account and 0.85 for the pro account. Lastly, the AUD/USD pair uses 0.42 for the pro account and an average spread of 1.32 for the standard account.
Leverage
Traders can choose the leverage level they are most comfortable with as long as it does not surpass 1:400, which is the maximum leverage that AxiTrader provides. This is considered to be relatively high in the industry, but a lot of brokers usually offer this level of leverage. In addition, there are a number of platforms offering up to 1:500 leverage. However, this is capped at 1:30 for forex and 1:2 for cryptocurrencies for European-based customers trading under the EU’s Authority Regulations.
Axi Conclusion
Axi is a reliable and transparent forex broker who has cultivated a clean reputation in the industry. It offers a competitive range of features and services that cater to both beginners and professionals. Axi is straightforward and convenient to trade with, and has a high level of security, factors that are wanted by a lot of traders.