When considering Axitrader for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Axitrader, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors.

AxiTrader is an online broker that offers a wide range of deposit and withdrawal options to accommodate traders from different regions. Whether you prefer bank transfers, credit cards, e-wallets, or cryptocurrencies, the broker ensures smooth and secure transactions. With instant deposit methods like Paypal, Skrill, Neteller, and USDT, traders can quickly fund their accounts and start trading. Most withdrawals via Paypal, Skrill, Neteller, and USDT are processed within 24 hours, while bank transfer withdrawals may take up to 3 business days, depending on the method.

How to Start Trading with Axi in Canada: Just 4 Simple Steps

The account is commission free so there will be no extra charges for every standard lot you trade. Cards and e-wallets deposits are credited instantly while it can take 1 to 3 business days for bank transfer deposits to be credited to your account. There mandatory minimum deposit on Axi is US$5 for cards and e-wallets, while bank transfers have no mandatory minimum deposit amount.

• Some offer a low- or no-fee option, so you will have more left to trade with.
• Axitrader offers clients Forex trading, CFDs trading, and Social trading.
• The financial platform with real-time market analysis and the generation of winning trading ideas.

Customer Service

Please note that the list of payment methods below depends on the Axitrader Entity and the client’s Country of Residence. Axitrader offer educational resources which include Blogs, Axi Academy, Ebooks, Video Tutorials. Please bear in mind that these resources provided by Axitrader do not guarantee any results when trading. When we checked on the Axitrader website, these educational resources were not available in every language. Also some financial instruments mentioned in any Axitrader educational resources may not be available in your region.

Axi Copy Trading

Traders can also change the leverage level of their accounts after registration. The registration process took a total of 15 minutes and our account was approved on the next day, which was expected. The broker is regulated by the top-tier UK FCA and the ASIC, which have stringent rules and enforcement mechanisms. They are registered in Australia under the trading name AxiCorp Financial Services Pty Ltd.

• With the AxiTrader demo account, all underlying assets can be traded with virtual credit, so that interested potential customers can familiarize themselves with the offer and conditions in detail.
• Enhance skills and confidence, transforming beginners and experienced traders.
• Being regulated by top authorities adds an extra layer of trust and security for investors.
• Here is how Axi’s minimum deposit compares with a select UK brokers in the industry.
• If you are a beginner, you may start with as little as $100 or less.

Axi Trading Platforms

Its user-friendly interface ensures smooth navigation, making it suitable for traders. The minimum deposit required for the Pro Account is $500 for the Australian entity and $5 for Europe. In addition, Axi stands out with its competitive pricing and good spreads as we find on its spread account. Generally, the minimum deposit at Axitarder is $0, so it gives you the freedom to choose the desired amount to start trading with. There are various trading instruments to trade in like Forex, Indices, Shares, Commodities, Gold, Silver, and Oil. There is not much difference between the two types of accounts above at Axitrader, only difference in commission and spread.

Available on MT4, the account offers competitive variable spreads starting from 0.9 pips. Axi offers a range of account types designed to meet the needs of different traders, including Standard, Pro, Premium, and Axi Elite accounts. Each account type is tailored to provide flexibility and accommodate various trading styles, ensuring that all traders can find an option that suits their needs. There are 4 types of accounts offered at Axi including the Islamic account that can be requested by contacting customer support.

Axitrader MetaTrader 4 Advanced Trading Tools

These details will be verified by submitting a soft copy of the documents. Hence, the entered details should be the same as that axitrade on the documents. For a detailed review of fees charged at AxiTrader, we have separately described each component of trading and non-trading fees. Stocks, currency and other commodities and instruments will be brought or sold by Axitrader even if no buyer or seller is lined up. Axitrader allows Forex trading, CFDs trading, and Social trading. After extensive research over several years, we have compiled a list of the most effective Axitrader alternatives available today.

However, traders who prefer the MT4 platform will be right at home with AxiTrader. We tested all our trades via the MetaTrader 4 mobile app on our iPhone. Axi does not offer any other trading platforms, which is a drawback. We recommend that you open your account with the UK entity since it is the only one that offers deposit protection to traders if it is available to you. For traders looking for a low-cost, customer-focused ECN broker, it might be worthwhile to visit AxiTrader’s website and try out the broker with a demo account.

We consider the FCA regulation to be the best since it provides compensation of up to £85,000 in case the broker goes bankrupt. We contacted the broker’s customer support team to resolve the challenges we faced. For this AxiTrader review, we opened a live account and deposited over €6,000.

ICMarkets review reddit and ICMarket have a low spread

It will also help AXI know about your experience in the investment market. If you want to start trading online with AXI today, you can follow these steps to deposit funds into your account. It will encourage you more to broker your trading deals through AXI.

There’s also clear communication throughout the process, so I never have to worry about delays or issues. Account opening was fast, funding is seamless, and withdrawals arrive without delay. I also appreciate the educational resources they provide for traders. Additionally, Axi’s website features a Help Centre with FAQs, guides, and resources to address common questions.