In this review, we will tackle the company itself (AxiTrader), its platforms, services it offers and etc. As mentioned in the fees section, with the pro account you have much lower spreads than the standard account although you do have to pay lot commission. With the pro account you also can trade with up to 400x leverage. Its trading conditions are decent, its trading platforms are superb and the fact that it does not require a minimum deposit makes the whole package accessible to all comers. AxiTrader further offers a few interesting VPS service options, which are especially beneficial to high-frequency traders or those who use automated trading strategies. At this point it should be highlighted once again that trading CFDs poses a high risk to any retail investor’s capital and most retail investor accounts lose money with margin or CFD trades.
Axitrader Commission Fees
Now I am passionate about reviewing and comparing forex brokers. We waited for 1-8 minutes before being connected to the customer service team via the live chat function. You can run most types of trading strategies as the broker allows high-risk strategies such as hedging and scalping. The main difference with Islamic accounts is that instead of daily swap rates, there is an administration fee charged if you hold positions for more than 3 nights. Looking at the spreads charged in our trades, we found that they were all lower than industry benchmarks.
Instead, spreads are being marked up by 1 pip above the inter-bank rates received from AxiTrader’s liquidity providers. I have been with AXI for two years and my experience has been nothing but awesome. MPESA deposit for those in Kenya is amazing, withdrawals are fast , fast order execution and a friendly customer care team ….
It lets you place a number of orders in bulk, with speed, into an unlimited number of accounts or multiple accounts. It allows you to control an unlimited number of managed accounts from one trade terminal. AxiTrader has invested greatly with these MT4 platforms to MT4 servers to ensure that the MAM solution provides the fast and reliable service account managers need to service their clients. With Axi, you can trade CFDs online and access a wide range of markets, including Forex, CFDs on shares, indices, commodities, precious metals, and more. Axi is a top global broker trusted by thousands of customers in 100+ countries for its innovative, customer-focused approach and competitive fees and spreads.
- The broker is licensed by top-tier regulators ensuring clients’ safety and compensation in case of insolvency.
- You can access 140+ currency pairs for forex markets, a $0 minimum deposit, and fast execution with award-winning customer support all from one location through MT4.
- What’s best about trading with Axi is that it has no minimum deposit requirements, you are free to deposit any amount.
- Is the platform easy to understand and optimized for mobile devices?
