Despite covering several major CFD markets, the broker does not offer CFDs on options, interest rates, and other more complex instruments that are designed for professional traders in particular. Apart from Forex trading, Axi allows traders to buy and sell over 290 financial instruments across different asset classes, although the market range may vary from one regulated entity to the next. Note that Axi currently offers its proprietary platform to traders who have registered with its international entity, regulated by the FSA. Axi customers can conveniently access a wide range of financial assets directly from their mobile devices using the broker’s intuitive trading app.
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However, Axi does not hold a license from the Commodity Futures Trading Commission (CFTC), meaning it is unable to offer its services to citizens or residents of the United States. Axi operates under stringent regulations from top-tier authorities such as ASIC and the FCA, which provide a strong regulatory foundation for the broker. Both the FCA and CySEC require Axi’s participation in their respective investor compensation schemes, providing protection to UK and EU clients. The broker has grown to become a multinational retail firm with offices located in the United Kingdom, Australia, South Africa, and Saint Vincent and the Grenadines. Axi was launched in 2007 as an Australian-based financial service provider.
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Axi requires a minimum deposit of $0 for the Standard and Pro live account types if you are registered with its FSA-regulated entity. These trusted relationships enable the broker to offer you a more reliable trading experience, with better pricing and faster execution speeds. Since one standard lot represents 100 ounces, trading 0.10 lots equates to dealing with 10 ounces of gold. Axi offers over 100 stocks from the UK, US, Europe, and Hong Kong, including blue-chip companies like Tesla, Walt Disney, Meta, and Microsoft. A stock CFD is a derivative that allows traders to speculate on the price movements of an underlying stock without owning any actual shares. Axi offers CFD trading for stocks, indices, commodities, IPOs, precious metals and cryptocurrencies (Bitcoin, Chainlink, Ethereum, Litecoin, and Ripple).
As a result, the broker makes use of a shorter, and therefore faster, connection. Instead, you are simply trading on the real-time price movements in the market. When you trade cryptocurrency CFDs with Axi, you don’t have to invest directly in the product. When you trade commodities with Axi, you are not buying a physical asset such as a barrel of oil. Commodity trading is the buying and selling of raw materials, such as crude oil, wheat, corn, rice, and so on, which are important to the global economy. Trading indices is generally considered safer than trading individual stocks since no single company can sharply influence the overall price of the index.
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This account comes pre-loaded with virtual funds and is designed solely for trading practice. With this account, trades in all available instruments do not pay or earn interest (swaps), in accordance with the Sharia law. Traders should determine the account that best suits their individual needs and trading style.
Find your edge with an ‘Edge score’
If you have an existing live account and need to download, update or reinstall the MetaTrader 4 platform, the latest version is available in the Client Portal. MetaTrader 4 is the smart choice for online traders looking to hone their trading edge. Start trading with a global, award-winning broker. Axi offers several different payment providers, including Visa, and Bank Transfer. Select your preferred payment method to deposit funds into your trading account.
Traders who are looking to profit from some of the world’s most popular stocks can consider trading stock CFDs with Axi. Cash indices and some commodities may be traded as Futures CFDs, further improving the diversity at Axi. Axi provides access to many markets, featuring over 290 tradable CFDs across different asset classes. Trading Forex with Axi gives you several advantages, including security and negative balance protection.
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- Boost your platform with our unique set of plugins specifically developed for Axi clients.
- Traders should determine the account that best suits their individual needs and trading style.
- As a trader, you will always consider a broker’s trading fees and other costs before deciding whether to trade with them.
- We’ve put together some useful videos to walk you through the ins and outs of our MT4 platform.
- For instance, both Standard and Pro accounts support AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, and USD as base currencies.
It offers some of the industry’s leading trading conditions, such as ultra-low spreads from 0.0 pips, high liquidity, flexible leverage, and more. As many as 72% of all reviewers are satisfied with the broker’s services, assigning 5-star ratings. In this axi review review, we will pay attention to the critical aspects of Axi, which you should consider before deciding whether to trade with this online brokerage. AxiTrader LLC is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. You should read and understand these documents before applying for any AxiTrader products or services and obtain independent professional advice as necessary. AxiTrader is not a financial adviser and all services are provided on an execution only basis.
Account Types
You may also deposit and withdraw at any time, with zero commissions on the Standard account, and enjoy super competitive spreads with ultra-fast execution speed. Although Axi offers access to multiple markets, it still falls short compared to some of its major competitors like IG and IC Markets. The platform is also available as an app, which is available in the Google Play and Apple’s App stores. The MT4 mobile app is designed to effortlessly narrow down the full functionality of the desktop platform into the small smartphone screens. This tool enables Axi clients to copy the trades of experienced signal providers and replicate their positions. Offering more than 290 instruments, the Axi App grants access to markets like forex, commodities, stocks, indices, and more.
An index is a financial product that tracks the performance of an entire market, a market sector, or a specific group of assets. With share CFDs, you can use leverage, allowing you to trade major global stocks without committing large amounts of capital. However, when you trade stock CFDs, you are simply betting on the price movements, so you have the advantage of profiting from price movements in any direction (long or short). When trading a CFD on Apple, for example, the contract’s value changes in line with the real stock price, yielding profits or losses based on its price fluctuations.
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- The next step is to connect your MT4 account to the app and you will be able to copy the trades of any signal provider on the platform.
- Maximum performance for process & quality control
- However, it should be noted that there might be additional conversion fees if deposits are made in a currency different than the one used for your live Axi trading account.
- With Axi, you can trade over 30 CFDs on leading cryptocurrencies, including Bitcoin, Polkadot, Chainlink, Ethereum, Litecoin, and Ripple, from your MT4 platform without the need for a digital wallet.
- Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise.
With different banking solutions available to Axi clients, some traders can deposit in their local currencies. Axi believes that traditional ECN connections are too slow for today’s traders as the layers of networks, cables, firewalls, and third-party platforms only add latency which costs the trader. Supported by the reliable MT4 and MT5 trading platforms, Axi ensures your trades are executed with exceptional speed.
Axi’s MetaTrader mobile app combines user-friendly design with comprehensive features, offering traders the flexibility to manage their positions on the go. As already mentioned, the third-party MT4 platform is supported in several different variations, including a mobile app compatible with both Android and iOS phones. The platform boasts a user-friendly interface, making it suitable for both beginners and seasoned traders. But we may not give Axi a 100% pass mark overall on fees since their commission fees of $7 per round turn for the Pro account are high compared to some of their competitors, such as Fusion Markets.
While new traders can use it to test the broker’s platforms before committing real cash, experienced traders can use it to test their trading strategies before implementing them on the live trading accounts. The online broker offers traders access to various financial assets using innovative trading platforms. Axi allows traders to use the world’s most popular trading platform, MT4, to trade over 290 financial markets. Axi is pleased to offer a trading account designed for those who prefer a financial approach aligned with Islamic principles, featuring no swap fees or interest payments.
The Axi Select program is only available to clients of AxiTrader Limited. Receive funding in a separate Allocation account from $5k USD to $1 million USD. Assesses whether you meet minimum criteria for displaying credible trading experience.
Deposit at least $500 USD into your account, start trading and achieve an Edge score of at least 50. By meeting the requirements for every stage, clients can gradually build expert professional skills and trade $1 million USD of Axi funds in Pro M. Existing clients who already have an Edge score of 50 or more and hold a minimum of $500 USD in their Axi Select account (see more about the Edge score below), can immediately progress to the Seed stage and receive up to $5000 USD of funding from Axi. Axi Select welcomes traders with different abilities, strategies and experiences to make their way to the top through six progressive stages and benefit from profit-sharing up to 80%.