Axi (formerly known as Axi Trader) is an Australian forex broker founded in 2007. The new brand “Axi” was launched in 2020. Axi is regulated by several financial authorities around the world, such as the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Dubai Financial Services Authority (DFSA). Being regulated by several leading authorities is a good sign for Axi’s security.
Should you trust Axi to get started in online investing? Whether it’s the stock market or cryptos, we’ll review all the products and services available to give you our detailed review of Axi.
NB: Axi does not require a minimum deposit.
For easy online investing, AXI is the ideal platform, with very low fees, lots of products available and a very intuitive platform!
Investing With AXI
80% of retail investor accounts lose money when trading CFDs with this provider
Our 2022 review of Axi Trader
Axi presents traders with gross spreads starting from 0.0 pips of the MT4 trading platform, updated via the Autochartist plugin. API trading is also available, and there is no minimum deposit at Axi, while most traders get a maximum leverage of 1,500.
Axi differentiates its accounts based on two things: who owns them and what fee structure is applied. Depending on ownership, there are three types of accounts: Individual (the account belongs to an individual investor), Joint (the account belongs to several people) and Corporate (the account belongs to a legal entity).
The accounts may also differ in fee structure: Standard Account (no commission fee, generally higher spreads) and Pro Account ($7 round trip commission, generally lower spreads). In addition, there is also an option to open an Islamic Axi account.
Exchange
Axi provides traders with 50 currency pairs, 6 crypto-currency pairs, 20 commodities and 31 index CFDs. Notably missing are the stock CFDs, which is a negative as they are traded, but Forex traders have a good selection.
Bonuses and Promotions
Although Axi does not offer deposit bonuses, it currently offers two promotions for affiliates. Both are well structured and Axi is focused on growing its trader base with long-term customers, a wise business decision. Also that the trading conditions at Axi are better than any deposit bonus and its absence is not essential.
Account Opening
Opening an account at Axi is as easy as it gets. The only requirements are name, country, email, phone number and application type, which can take less than 30 seconds to complete. New accounts must be verified, as per well-established industry practices. A copy of ID and proof of residency will usually satisfy this step and complete the KYC/AML stipulations. YES! Axi trader is open to both beginners and professionals.
For easy online investing, AXI is the ideal platform, with very low fees, lots of products available and a very intuitive platform!
Investing With AXI
80% of retail investor accounts lose money when trading CFDs with this provider
Fees
Axi announces a minimum markup of 0.4 pips on its commission-free trading account. During the London-New York overlap session. The Axi commission-based account delivers as advertised, with gross spreads of 0.0 pips for a commission of $7.00 per round lot. This looks like a competitive pricing environment.
Unique Features
In addition to Autochartist, Axi trader offers the third-party trading analysis platform PsyQuation. This can help traders minimize errors and become better traders. Axi invests in making its traders better. As an algorithmic trader, you will appreciate the API trading at Axi, as it allows you to connect advanced trading solutions to the Axi trading environment, and VPS hosting is also available.
Social traders can either rely on the built-in copy trading platform MT4 or use Myfxbook Autotrade. Another unique feature to highlight is AxiSelect, a program that funds talented traders with up to $350,000. The Axi community has completed an excellent set of value-added services at Axi, all aimed at promoting better traders.
Research and Education
Autochartist provides the bulk of the research content at Axi, but the Axi blog also offers a weekly market review. It is well written and offers charts with easy to understand trading ideas. The Axi blog also offers high quality educational articles. Five e-books are also available for free, but Axi requires a name, country, phone number and email address. These are required to open an account, so they are not a barrier for new customers.
The video library consists of eleven courses, made up of numerous lessons. Although the videos for each are short, they introduce each topic to new traders. Beginning traders can start there, and then research more online. Overall, Axi’s educational section is comprehensive and of good quality.
Who is Axi Trader ?
Axi allows online trading for the French. It is absolutely safe and legal to trade. Axi is now one of the best scoring platforms, ranked #5 out of 981 in the list of Forex brokers France with a score of 8.9/10. Here are some reasons why Axi is so highly rated:
- No minimum deposit but also no withdrawal fees,
- Regulated and licensed by ASIC in Australia,
- Low spreads on all currency pairs and commodities,
- Automate your trading with expert third party advisors.
Overall, Axi is an excellent choice for French clients. If you need more convincing, you can find more information, offers and detailed rankings for Axi on its website.
How do I sign up for Axi Trader ?
To register on Axi Trader online, you just have to fill this form available on the following link:
For easy online investing, AXI is the ideal platform, with very low fees, lots of products available and a very intuitive platform!
Investing With AXI
80% of retail investor accounts lose money when trading CFDs with this provider
How easy is it to deposit on the Axitrader platform?
Axi provides all of the mentioned payment methods that can be used to start funding your trading account with the addition of crypto currency deposits now available! You can fund your account with: Bitcoin, Anchor without forgetting Ethereum, Litecoin but also Stellar…
Deposits and withdrawals
Axi does not accept third party payments. Please make sure that all deposits to your trading account come from an account in your name. Payments received from joint accounts will be accepted if the trading account holder is one of the parties to the joint account. In the event that they suspect that third party funding has taken place, they reserve the right to return the funds to the sender and retain the balance in your account.
This is pending verification of proof of identity and source of funds prior to processing. In the absence of verification, they reserve the right to retain the balance in your account and you will not be permitted to withdraw the balance from your account. Axi does not process third party withdrawals. All such requests will be cancelled.
Choose your preferred currency
Axi accounts offer you the ability to choose from a range of base currencies, including the most popular USD, GBP and EUR. Once your account is created, you will have access to your payment preferences through our online customer portal.
How do I withdraw my earnings from Axi trader?
Whether you use an online broker for short-term trading or for longer-term investments, there will come a time when you may want to enjoy the fruits of your trading activity. That is, if you have made profitable trades or simply need access to your funds for whatever reason. To do this, you first need to withdraw money from your Axi broker account.
This doesn’t sound like much of a hassle at Axi, but brokers differ considerably in the withdrawal options they offer as well as the speed and convenience of the withdrawal. And while withdrawal at many brokers is free in most cases, some brokers and some types of withdrawals may involve fees.
Our thoughts on trading with Axi Trader
Axitrader offers CFDs which are a leveraged product for this example, we describe ten times the leverage. So you have a ten thousand dollar position but you are only locking in one thousand dollars per tenth of your account value. You have a situation where a small amount of money controls a much larger financial situation. That’s your leverage and so what effect does leverage have on your profits and losses, in simple terms, it amplifies them in both directions.
Axitrader leverage amplifies both profits and losses when trading. For example, let’s say you buy/sell ten thousand dollars worth of General Electric (GE) using Contracts for Difference (CFD) using the Axitrader trading platform. Then, let’s say General Electric (GE) goes up 10% because its results are positive, your position that was worth ten thousand dollars is now worth $11,000. It has increased in value by $1,000 10%, which is a 100% increase in the funds initially committed to your leveraged CFD trade.
Your initial investment of ten thousand dollars for the trade and made a profit of one thousand dollars because the price increased by ten percent. Axitrader’s leverage works both ways. If General Electric (GE) drops ten percent on the week’s earnings, your position that was worth ten thousand dollars is now worth only nine thousand dollars. It has dropped by one thousand dollars.
To trade effectively with Axitrader, it is important to have a good understanding of the Axitrader trading tools and the markets. Make sure you fully utilize all the educational tools. This includes the training tools with Axitrader and externally.
Axitrader has a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy/sell trades, learn how to take advantage of global trading periods and, most importantly, learn how to mitigate and manage investment risk. Having an analytical approach can be a good way to approach trading with Axitrader.
Take the time to go through the Axitrader platforms and train yourself to think more systematically and logically about the markets. It’s a new skill set for many, but it’s important to know that this is what the market requires of you. Axitrader’s advanced trading tools for MetaTrader 4 aim to enhance the total trading experience and provide traders with a competitive edge.
Axitrader offers access to 20 exclusive tools that include feature-rich trade execution and management programs, sophisticated notification alarms. Added to these are messaging facilities, innovative market data and more.
For easy online investing, AXI is the ideal platform, with very low fees, lots of products available and a very intuitive platform!
Investing With AXI
80% of retail investor accounts lose money when trading CFDs with this provider
Axi Mobile App Review
As more and more traders and investors use their smartphones for trading, it is becoming increasingly important for brokers to offer easy-to-use apps that can provide the same services as desktop platforms. The Axi mobile trading app gives the trader the flexibility to choose from the different liquidity options available in Forex.
The Axi app maintains efficiency, flexibility, cost management and performance and considers these features mandatory to satisfy its customers. Here are the features of the application: over 20 direct liquidity providers, the AXI mobile trading platform uses over 20 liquidity providers, including brokerage houses. These are grouped together to give the best spread to users. Traders have the option to choose from another liquidity provider.
No matter if you are an institutional trader or an individual trader or a high frequency trader or an MT4 user, you can access different liquidity pools depending on your needs. Axi mobile offers the widest selection of liquidity. The Axi One application as well as the choice of liquidity providers also provides multi-asset trading. A trader can now trade CFDs, currencies, metals, indices, spread betting and NDFs.
What products are available with Axi trader?
To buy stocks online today, you need to register a live trading account with Axi, add funds by depositing to your account and finally download the MT4 trading platform to log in.
Watch the market and choose the stock CFD you want to trade. A contract for difference (CFD) is one of the most popular forms of trading. It allows you to trade and profit from the price movements of an underlying instrument (such as stocks, forex, crypto-currencies and commodities) without needing to physically own the asset. You can trade Axi CFDs in the same way as traditional forex trading, simply by choosing an asset and speculating on the direction of the price, whether it’s up (long) or down (short).
An Axi stock CFD reflects the actual performance of an underlying stock. For example, the Apple stock CFD tracks the price of Apple Inc. stock (AAPL). When you invest in stocks, you pay the full price up front to take ownership of an asset and can only profit when the stock price rises. Conversely, when you trade stock CFDs, you simply trade the price movements, which gives you the advantage of profiting from price movements in any direction.
Since Axi stock CFDs also allow you to apply leverage, you don’t need a lot of capital to enjoy the benefits of trading some of the world’s largest stocks.
Products Available
There are many different products available, each offering advantages to users:
Metals
The practice by which traders buy and sell in the metals market, is usually facilitated by online trading platforms such as MetaTrader 4. This is simply the Axi software that traders use to speculate and invest in the movement of metals prices. The majority of online metals trading involves precious metals, with gold, silver, copper, platinum and palladium often used by investors to diversify and build a balanced portfolio.
Traditional Forex
When you trade a crypto-currency, you are simply speculating on the rise or fall of the price of an individual asset, such as Bitcoin. And when you trade crypto currency CFDs with Axi, you don’t have to invest directly in the product. Instead, you simply trade on the real-time price movements in the market, which means you can make a profit or loss whether the price goes up or down. Learn more about how crypto currency trading works.
MetaTrader 4
This is the smart choice for online traders around the world who are looking for a trading edge. Simple for beginners and full of advanced features for professionals, the MT4 Axi platform helps you unlock unlimited trading possibilities.
What tools are available on the AXI platform?
Enjoy the benefits of advanced trade management, enhanced ordering and sentiment trading when you use Axi trader. Add powerful trading tools to boost your platform performance with innovative trading tools designed to give you the upper hand.
MT4 Web Trader
Full of Axi features and optimized for light web performance, WebTrader gives you perfect functionality with the flexibility to trade using any web browser, on any device.
MT4 VPS Hosting
Increase reliability and ensure your Axi trades are never interrupted by subscribing to an MT4 Forex VPS hosting service for 24/7 connectivity.
Signal Providers
Automate and simplify your trading experience by copying existing strategies from thousands of traders around the world directly to your MT4 platform.
For easy online investing, AXI is the ideal platform, with very low fees, lots of products available and a very intuitive platform!
Investing With AXI
80% of retail investor accounts lose money when trading CFDs with this provider
What are the fees on Axi Trader France?
It’s safe to say that Axi’s fees are generally low. Either they don’t charge a brokerage fee for things that other brokers charge, or they only charge a small amount. This means you can use Axi even if you trade frequently, like several times a week or daily.
Disclaimer: 73.9% of retail investor accounts lose money when trading CFDs with this provider. You need to ask yourself is you really willing to take a big risk of losing your money. Online brokers generally charge much lower brokerage fees than traditional brokers. This is largely due to the fact that online brokers’ operations can be scaled much better: from a purely technical point of view, it doesn’t make much difference to them if they have 100 or 5000 clients.
This does not mean, however, that they have no costs at all. They make money by charging you at various events at different rates. Usually, you need to keep an eye on these 3 types of fees:
Trading fees – these are Axi brokerage fees that you pay when you actually make a trade. What you pay a spread or even a commission. This is a financing rate that some brokers charge all of this. A commission is either based on the volume traded or it is fixed. A spread is defined as the difference between the buying price and the selling price. The financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
Non-trading fees. These are related to certain transactions you make in your account, i.e. depositing money into your account, withdrawing money from your account or not trading for an extended period of time on Axi.
Review of Axi: a reliable and secure platform?
It is important to know that in France, the maximum Axi leverage for currency CFDs must not exceed 30:1 for major pairs and 20:1 for minors. The AMF also requires brokerage firms to be open and honest about the percentage of money clients can lose from leveraged derivatives.
Licensing In France
The AMF gives brokers the freedom to close their client’s open position when their account balance falls below half of the margin threshold. Did you know that any broker that violates AMF regulations is blacklisted and denied the right to offer forex trading in France? In addition, their websites are blocked so that no one in France can access them. This is the same punishment that awaits any broker who illicitly offers to trade with binary options. From 2015 to 2018, the AMF shut down more than 130 exchange sites offering binary options.
One of the first things a potential trader needs to establish is whether a broker like Axi is safe to trade. One of the surest benchmarks for measuring the safety of a brokerage is to establish which regulatory authorities oversee its actions.
In Australia
Axi is regulated and licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the United Kingdom, which are two of the strictest and most demanding licensing institutions. In addition, Axi is also regulated and licensed by the DFSA in the Middle East. This provides traders with a safe, secure and innovative trading environment through Axi, a reliable broker.
The information and products provided by Axi are for informational purposes only and should not be construed as recommendations or inducements to make decisions regarding the purchase or sale of financial instruments. Any scam should be avoided when you are a trader on Axi. Traders must realize their goals and risk exposure, as well as their willingness to take risks. Traders may seek independent professional advice before deciding or acting if they feel it is necessary.
Customer Service
Potential traders should be assured that the brokerage firm they have chosen can provide the necessary support and assistance whenever they need it. Axi offers its clients good customer support by phone and e-mail. Merchants can also fill out an online request form or chat with an expert in live chat.
Conclusion of our test: definitive opinion on Axitrader
Axi offers competitive pricing on its PRO account, with low spreads and a round-trip commission per trade. It also does not require a minimum deposit. The company’s internal and external research tools, including AutoChartist, come with the MT4 NextGen package that helps traders differentiate themselves from other MT4 brokers. However, the number of tradable pairs was reduced in 2017. Axi still caters to a wide range of traders thanks to its FCA regulation in the UK.
Finally, we can say that Axi is a reliable forex broker. However, we still recommend you to do your own research before opening an account with the broker.
For easy online investing, AXI is the ideal platform, with very low fees, lots of products available and a very intuitive platform!
Investing With AXI
80% of retail investor accounts lose money when trading CFDs with this provider
FAQ: Frequently asked questions about Axi trader
Is Axi a serious trading site?
Axi presents all the key aspects you need to look at to see if a broker is safe, serious and most importantly legitimate.
Is Axi trader authorized in France?
The French can use Axi and enjoy its many benefits. It is a well secured platform but above all a smart one.
Is Axitrader available on mobile?
With its Axi App, you will be able to use this trading platform via your PC, smartphone.
Are my earnings on Axi trader taxed?
Winnings on trading platforms are subject to tax in France, visit the administration website to find out more.
How do I invest & trade with Axitrader?
By visiting the Axi trader website, you will have all the information on this subject. In addition, you can ask for help from the platform’s experts to trade profitably.
For easy online investing, AXI is the ideal platform, with very low fees, lots of products available and a very intuitive platform!
Investing With AXI
80% of retail investor accounts lose money when trading CFDs with this provider
