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Axi Trading is a popular online trading broker that offers CFDs, forex, and cryptocurrency trading to clients in over 100 countries. With a suite of trading resources and ultra-competitive pricing, Axi provides traders with a world of opportunity to build their wealth portfolio. In this article, we will explore Axi trading in more detail, including what it is, how to trade on the platform, and the different account types available.
Axi trading is a low-cost forex broker that is ideal for those who need some extra tools to build their trading strategies. The platform has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. Trading on Axi is easy and straightforward, with powerful platforms like MT4 and Myfxbook Signals that put you at the controls. Additionally, Axi offers a wealth of educational resources to help traders improve their skills and knowledge, making it a great choice for beginners and experienced traders alike.
- Axi is a popular online trading broker that offers CFDs, forex, and cryptocurrency trading to clients in over 100 countries.
- Axi provides traders with a suite of trading resources and ultra-competitive pricing, making it a great choice for beginners and experienced traders alike.
- Trading on Axi is easy and straightforward, with powerful platforms like MT4 and Myfxbook Signals that put you at the controls. Additionally, Axi offers a wealth of educational resources to help traders improve their skills and knowledge.
What is Axi Trading?
Axi is an online trading broker that offers trading platforms for share CFDs, forex, crypto, gold, and more. The company was founded in 2007 and is headquartered in Australia. Axi Trading is the trading name of AxiCorp Financial Services Pty Ltd, which is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority (FSA) in St. Vincent and the Grenadines.
Axi Trading provides traders with access to a range of trading products, including forex, CFDs, and commodities. The company offers a variety of trading accounts to suit different trading styles and needs, including Standard, Pro, and Islamic accounts. Axi Trading also offers a demo account, which allows traders to practice their trading strategies in a risk-free environment.
The company’s trading platforms include the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the browser-based WebTrader platform. Axi Trading also offers a range of trading tools and resources, including economic calendars, trading calculators, and market analysis.
Overall, Axi Trading is a reputable online trading broker that offers a variety of trading products and services to traders around the world. The company is regulated by the ASIC and FSA, which provides traders with a level of confidence and security when trading with Axi.
Trading on Axi
Axi offers a range of trading options for traders of all levels. Whether you’re a beginner or an experienced trader, Axi provides a variety of tools and resources to help you achieve your trading goals. In this section, we will explore the trading platforms, forex trading, and CFD trading options available on Axi.
Axi offers the popular MetaTrader 4 (MT4) trading platform, which is available for Windows, Android, and iOS devices. MT4 is a well-known platform that is widely used in the forex market for its advanced charting capabilities, automated trading features, and customizable interface. Axi also offers VPS hosting, which allows traders to run their trading strategies 24/7 without any interruption.
Axi offers forex trading on over 80 currency pairs. Forex trading on Axi is executed on an over-the-counter (OTC) basis, which means that trades are made directly between the buyer and the seller. Axi offers competitive spreads on forex trades, which can be as low as 0.0 pips on some currency pairs. Traders on Axi can also take advantage of a range of trading strategies, including copy trading and autochartist.
Axi offers CFD trading on a range of over-the-counter derivatives, including indices, commodities, and cryptocurrencies. CFD trading allows traders to speculate on the price movements of an underlying asset without actually owning the asset. Axi offers competitive spreads on CFD trades, which can be as low as 0.1 pips on some indices. Traders on Axi can also take advantage of a range of trading strategies, including copy trading and myfxbook autotrade.
In conclusion, Axi offers a range of trading options for traders of all levels. With its advanced trading platform, competitive spreads, and range of trading strategies, Axi is a great choice for traders looking to trade forex and CFDs on an execution-only basis.
Axi provides its clients with five different account types to choose from. Each account type is tailored to meet the specific needs of different traders. They are:
- Standard Account: This account is best suited for day traders. It requires a minimum deposit of $0 to $25,000 and offers access to 130+ assets, including forex, indices, oil, gold, cryptos, and commodities. Spreads start from 0.4 on forex, and a rollover fee is charged if you hold a position overnight. The platform used for this account is MetaTrader 4, and the trade size starts from 1 micro lot.
- Pro Account: The Pro account is suitable for experienced traders who trade frequently. The minimum deposit required to open a Pro account is $1,000, and it provides access to all the assets available in the Standard account. The key difference is that spreads start from 0.0 pips, and a commission is charged for each trade. The platform used for this account is also MetaTrader 4, and the trade size starts from 0.01 lots.
- Elite Account: The Elite account is designed for high-volume traders who require additional support and features. It requires a minimum deposit of $50,000 and provides access to all the assets available in the Pro account. The main advantage of the Elite account is that it offers a dedicated account manager, priority service, and access to exclusive trading tools and resources.
- Islamic Swap-Free Account: Axi offers an Islamic account that is compliant with Shariah law. This account is suitable for traders who are unable to earn or pay interest due to their religious beliefs. The Islamic account features no swap fees or interest payments, and it is available for all account types.
- Risk-Free Demo Account: Axi also provides traders with a risk-free demo account that allows them to practice trading without risking real money. The demo account is an excellent way for beginners to learn how to trade and for experienced traders to test new strategies and ideas.
In conclusion, Axi offers a wide range of account types that cater to different trading styles and needs. From the Standard account for day traders to the Elite account for high-volume traders, there is an account type for everyone. The minimum deposit required to open an account varies depending on the account type, and traders can also take advantage of the risk-free demo account to practice their trading skills.
Regulation and Safety
Regulation and safety are important factors to consider when choosing a forex broker. Axi is regulated by several reputable entities, ensuring that clients’ funds are protected and that the broker operates in compliance with relevant laws and regulations.
Axi is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and the Dubai Financial Services Authority (DFSA). These regulators are widely considered to be among the most reputable in the industry, and their oversight ensures that Axi operates with transparency and fairness.
In addition, Axi is also registered with the Financial Services Authority (FSA) in St. Vincent and the Grenadines. While this jurisdiction is not as well-known as some of the others, it still provides an additional layer of protection for clients.
Axi takes the safety of its clients’ funds seriously and has implemented several measures to ensure that they are protected. Client funds are held in segregated accounts with top-tier banks, which means that they are kept separate from the broker’s own funds. This provides an additional layer of protection in the event that the broker experiences financial difficulties.
Axi is also a member of the Financial Commission, an independent organization that provides a dispute resolution service for forex traders. This means that clients have access to an impartial third party in the event that they have a dispute with the broker.
Independent Professional Advice
It is important to note that forex trading can be risky, and it is recommended that traders seek independent professional advice before opening an account with any broker. This can help ensure that they fully understand the risks involved and are able to make informed decisions.
Australian and New Zealand Residents
For Australian and New Zealand residents, Axi is required to comply with additional regulations. In Australia, Axi is a member of the Australian Financial Complaints Authority (AFCA), which provides a free and independent dispute resolution service for consumers. In New Zealand, Axi is a member of the Financial Services Complaints Limited (FSCL), which provides a similar service.
In conclusion, Axi is a well-regulated forex broker that takes the safety of its clients’ funds seriously. Clients can be confident that their funds are protected and that the broker operates with transparency and fairness.
Education and Resources
Axi offers a comprehensive range of educational resources to help traders of all levels improve their trading skills and knowledge. Here are some of the sub-sections that Axi offers:
Axi Academy provides free online trading courses that cover a wide range of topics, from the basics of trading to advanced trading strategies. These courses are designed by traders, for traders, and are available to anyone, anywhere in the world. The courses are available in a variety of formats, including video, written content, and quizzes.
Introduction to Forex Trading
Axi’s Introduction to Forex Trading course is an ideal starting point for anyone looking to learn about trading forex. The course is designed by professional traders with over 15 years of experience in the financial markets. It covers everything from the basics of forex trading to advanced trading strategies, and is available in a variety of formats, including video, written content, and quizzes.
Trading psychology is an essential aspect of successful trading. Axi provides resources that help traders understand the psychological aspects of trading, including the importance of discipline, patience, and emotional control. These resources include articles, videos, and webinars.
Expert Advisors, or EAs, are automated trading systems that allow traders to automate their trading strategies. Axi offers a range of EAs that can be customized to suit individual trading styles and preferences. These EAs are available for free to Axi clients.
Effective risk management is essential for successful trading. Axi provides resources that help traders understand the importance of risk management and how to implement effective risk management strategies. These resources include articles, videos, and webinars.
Technical analysis is a method of analyzing financial markets that uses charts and other technical indicators to identify trading opportunities. Axi provides resources that help traders understand the basics of technical analysis, including chart types, indicators, and trading strategies. These resources include articles, videos, and webinars.
Charts are an essential tool for traders, providing a visual representation of price movements and other market data. Axi provides a range of charting tools that allow traders to customize their charts to suit their individual preferences. These tools include a variety of chart types, indicators, and other features that help traders analyze the markets.
In conclusion, Axi provides a comprehensive range of educational resources that can help traders of all levels improve their trading skills and knowledge. Whether you are a beginner or an experienced trader, Axi has something to offer. By taking advantage of these resources, traders can improve their chances of success in the financial markets.
Axi offers customer support through various channels, including phone, live chat, and email. The customer service team is available 24/5, which means that they are not reachable on weekends. However, the response time is generally quick, and the agents are knowledgeable and friendly.
For UK-based clients, Axi provides a local phone number, which can be convenient for those who prefer to speak with someone in their own country. The customer service team is based in Dubai, which means that they can provide support in multiple languages, including Arabic.
Axi also offers an extensive FAQ section on their website, which covers a wide range of topics, such as account opening, deposits and withdrawals, trading platforms, and more. The FAQ section is well-organized and easy to navigate, making it a useful resource for clients who prefer to find answers on their own.
Overall, Axi’s customer service is reliable and efficient, with multiple channels available for clients to get in touch with the support team. The team is knowledgeable and friendly, and the FAQ section is a useful resource for those who prefer self-help.
Research and Analysis
As a trader, research and analysis are essential tools to gain a trading edge in the financial markets. Axi understands this and provides a range of resources to help traders stay informed and make informed trading decisions.
One of the standout features of Axi is its partnership with PsyQuation, a provider of behavioral analysis and trading analytics tools. PsyQuation offers traders a suite of tools to help them improve their trading performance by analyzing their trading behavior and providing insights into their strengths and weaknesses.
PsyQuation’s tools include:
- Trader Performance Analytics: This tool analyzes a trader’s performance and provides insights into their strengths and weaknesses. It also offers a range of metrics to help traders track their progress over time.
- Behavioral Coaching: This tool provides personalized coaching to help traders improve their trading behavior. It uses a range of techniques, including cognitive behavioral therapy, to help traders overcome common trading mistakes.
- Market Sentiment Analysis: This tool analyzes market sentiment and provides insights into the market’s direction. It uses a range of data sources, including social media and news articles, to provide a comprehensive view of the market.
Overall, PsyQuation’s tools are a valuable resource for traders looking to improve their trading performance. They offer a unique perspective on trading behavior and provide insights that are not available through traditional technical or fundamental analysis.
In addition to PsyQuation, Axi also offers a range of other research and analysis tools, including daily market analysis, economic calendars, and trading calculators. These tools, combined with PsyQuation’s behavioral analysis tools, provide traders with a comprehensive suite of resources to help them stay informed and make informed trading decisions.
In conclusion, Axi is a reputable and reliable trading platform that offers a wide range of financial instruments and advanced trading tools. The broker has been in operation since 2007 and is authorised and regulated by ASIC, FCA, and DFSA.
Axi provides Contracts for Difference (CFDs) and low spreads on 100+ trading instruments. The broker offers a reasonable number of financial instruments across different markets to its clients. Axi has been awarded Best MT4 Broker and Best MT4 Provider at the UK Forex Awards.
One of the strengths of Axi is its trading platform, which is user-friendly and easy to navigate. The platform also offers advanced trading tools such as Autochartist, which helps traders identify potential trading opportunities.
Another strength of Axi is its customer support. The broker provides 24/5 customer support through phone, email, and live chat. Axi also offers educational resources such as webinars, trading guides, and market analysis to help traders improve their trading skills.
Overall, Axi is a trustworthy broker that provides a good trading experience for traders. However, as with any broker, there are risks associated with trading and traders should carefully consider their investment objectives before trading.
Frequently Asked Questions
How do I log in to my AxiTrader account?
To log in to your AxiTrader account, simply visit the AxiTrader website and click on the “Client Login” button in the top right-hand corner of the page. Enter your login details, including your username and password, and click “Login”.
What is copy trading on AxiTrader?
Copy trading on AxiTrader is a feature that allows traders to automatically copy the trades of other successful traders. This allows traders to benefit from the expertise of others without having to spend time analyzing the markets themselves.
How do I access the copy trading feature on AxiTrader?
To access the copy trading feature on AxiTrader, simply log in to your account and select the “Copy Trading” tab from the main menu. From there, you can browse through the list of available traders and choose the ones you want to follow.
What types of accounts does AxiTrader offer?
AxiTrader offers a range of different account types to suit the needs of different traders. These include a Standard account, a Pro account, and a Demo account. Each account type has its own unique features and benefits, so it’s important to choose the one that best fits your trading style and goals.
How do I open a demo account with AxiTrader?
To open a demo account with AxiTrader, simply visit the AxiTrader website and click on the “Demo Account” button in the top right-hand corner of the page. Follow the prompts to create your account and start trading with virtual funds.
What is the process for becoming an Axi affiliate?
To become an Axi affiliate, simply visit the AxiTrader website and click on the “Affiliates” link in the footer of the page. From there, you can learn more about the affiliate program and sign up to become an affiliate. Once approved, you can start promoting AxiTrader and earning commissions on referrals.