AXI TRADING Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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It is a reliable investment company offering a wide range of trading tools and investment plans. I appreciate their prompt response to my messages, as it shows their commitment to providing excellent customer service. The investment options are diverse and the website is user-friendly, making it easy for me to navigate and make informed investment decisions.
Axi Trading, formerly known as AxiTrader, is a well-established forex and CFD broker that has garnered attention for its competitive trading conditions and regulatory compliance. With a foundation dating back to 2007, Axi has evolved into a globally recognized trading platform, offering a variety of trading instruments and a user-friendly environment. However, user reviews present a mixed bag of experiences, highlighting both strengths and weaknesses.
Note: It is essential to consider that Axi operates through various entities regulated by different authorities, impacting the services and protections available to users in different regions.
| Category | Rating |
|---|---|
| Account Conditions | 8/10 |
| Tools and Resources | 7/10 |
| Customer Service and Support | 6/10 |
| Trading Experience | 7/10 |
| Trustworthiness | 8/10 |
| User Experience | 6/10 |
We evaluate brokers based on a comprehensive analysis of user feedback, expert opinions, and factual data.
Founded in 2007, Axi is headquartered in Sydney, Australia, and operates under the regulation of top-tier authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK. Axi primarily offers trading through the popular MetaTrader 4 (MT4) platform, which is known for its advanced charting capabilities and automated trading options. Traders can access a diverse range of assets, including forex pairs, indices, commodities, and cryptocurrencies.
Axi operates under multiple regulatory jurisdictions, including:
This multi-jurisdictional approach provides a level of security and regulatory oversight, although it is important to note that the specific protections and services may vary by region.
Axi offers a variety of base currencies for accounts, including AUD, USD, EUR, GBP, JPY, and more. Additionally, traders can fund their accounts using cryptocurrencies, credit/debit cards, and electronic wallets like Neteller and Skrill.
Axi has a very accessible minimum deposit requirement, with no minimum for standard and pro accounts, while the elite account requires a minimum deposit of $25,000.
Currently, Axi does not offer traditional bonuses or promotions; however, it provides an affiliate program and a managed account service for professional traders.
Traders can access a range of instruments, including:
Axi's pricing structure is competitive, with spreads starting from 0.0 pips on pro accounts and no commission on standard accounts. However, the pro account incurs a commission of $7 per round trip. Notably, Axi does not charge deposit or withdrawal fees, making it an attractive option for cost-conscious traders.
The maximum leverage offered by Axi varies depending on the regulatory entity, with up to 1:500 available for some accounts. However, leverage limits are stricter for clients under FCA regulation, capped at 1:30.
Axi primarily offers the MetaTrader 4 platform, with additional features available through its proprietary Axi Trading Platform (ATP). The platform supports automated trading and is compatible with various devices, including desktop and mobile.
Axi does not accept clients from several high-risk jurisdictions, including the United States, North Korea, and Iran. It is essential for potential clients to verify if their country of residence is eligible for account opening.
Axi provides customer support in multiple languages, including English, Chinese, Spanish, and Arabic. However, support is only available 24/5, which may be a limitation for traders in different time zones.
| Category | Rating |
|---|---|
| Account Conditions | 8/10 |
| Tools and Resources | 7/10 |
| Customer Service and Support | 6/10 |
| Trading Experience | 7/10 |
| Trustworthiness | 8/10 |
| User Experience | 6/10 |
Account Conditions (8/10): Axi offers flexible account types with no minimum deposit for standard and pro accounts, making it accessible for all traders. The elite account, however, requires a significant initial investment.
Tools and Resources (7/10): The platform provides useful tools like Autochartist and Psyquation for market analysis, though some users may find the research tools limited compared to competitors.
Customer Service and Support (6/10): While Axi provides support in multiple languages, the 24/5 availability may not meet the needs of all traders. User experiences with support vary, with some reporting delays in response times.
Trading Experience (7/10): Axi's trading environment is generally smooth, especially on the MT4 platform, but some users have reported issues with withdrawal processing times.
Trustworthiness (8/10): Axi is regulated by reputable authorities, which enhances its credibility. However, past regulatory issues (suspensions) have raised concerns among some traders.
User Experience (6/10): Users appreciate the user-friendly interface of the MT4 platform, but some have encountered challenges during account verification and withdrawal processes.
In conclusion, Axi Trading presents a solid option for traders looking for a reputable broker with competitive spreads and a user-friendly platform. However, potential clients should consider the limitations in asset variety and customer support availability. Overall, Axi remains a noteworthy choice in the forex and CFD trading landscape.
