Forex Trading

AxiTrader Review 2022 Is Legit or Scam

In most cases, the need to contact customer support arises when the AxiTrader user faces some minor issues in opening the account or managing multiple accounts. If new accounts lose money when trading with the software for the first time, the customer support staff connects them with experts for quick recovery. An online trading course by AxiTrader is available for new traders, giving them access to all the tools that train them in becoming a better trader.

Three unique features make AxiTrader a success at the trading game. The broker is known to harvest the best out of the Autochartist MT4 plugin, its VPS hosting, and the PsyQuation Premium service. This regulatory suspension, however, has no impact on the international clients that AxiTrader LTD operates. Both entities are different and fall under distinct jurisdictions. Hence, AxiCorp LTD, which runs AxiTrader, has not suffered any license suspension. While these issues fall under its corporate umbrella, AxiTrader continues to work as a genuine broker, expanding its market share across the globe with every passing year.

axitrader anmeldelse

We tested the entire process when opening our account, and it was fully digital. Another example that is more trading-related is from JackW, who considers AxiTrader to be a decent choice for investment. The average spread for Crude Oil WTI is 0.05 pips, whereas for Gold is 26.82 pips.

In the 30-day test period, the MetaTrader 4 trading platform can be tested with all its functions without any financial risk. This allows customers to try out their market strategies with realtime market data and thus ease their way into trading. If the 30 days are not enough, you can also request an extension from Axitrader customer service. In the demo account, you start with virtual capital of 50,000 USD. ZuluTrade is a leading mobile and online social trading platform.

Gennemgang af Mobile Trading (App) af AxiTrader

AxiTrader are divided into two accounts – MT4 Standard Account and MT4 Pro Account. When you become more profitable, the MT platform starts to freeze, with no signals coming through, nor is the platform responsive. Terrible FX broker – Every second T/P trade, has slippage tat increases with trade size. If you would like to axitrader review start trading and earn money, AxiTrader can be very useful. The leverage depends on the user’s geographical region as well as on the AxiTrader branch that will regulate the user’s registered account. You will discover the clean layout of this platform along with the commendable features that are pleasant to work with.

For example, the Forex Trading page outlines the benefits of trading forex. It also explains the symbols, bid and offer prices, types of brokers and traders, trading platforms, order types, and charts. You will also find descriptions of analysis, including pros and https://forexbroker-listing.com/ cons and examples for technical and fundamental trading. There are even definitions of types of traders, including day trading, swing trading, scalp trading, and position trading. As such, the platform understands the features traders want and aims to deliver them.

The time taken for your deposits to reach your account depends on your preferred deposit options. For example, credit/debit cards and electronic wallet deposits are instant, but Bank Transfer and broker-to-broker transfer takes up to five working days. DupliTrader– This tool allows you to copy the trades of expert traders, whose accounts are made visible on the DupliTrader website. If you have an AxiTrader account, you can access DupliTrade free of charge.

axitrader anmeldelse

Over time, you will get used to where everything is, and you will know where to look. However, when you compare the withdrawal methods to those of the competition, AxiTrader seems to fall short. AxiTrader differentiates the accounts based on who owns them and the fee structure that applies to each. The account opening process at AxiTrader is fully digital and easy to follow. It is quick too, and you will most likely have your account approved within 1 to 3 business days. Like all brokers, there is a lot to like and some things that they could do better.

Markets to Trade On

This has a pretty extensive array of features for a mobile trading application. For example, you can still do a great deal of charting as well as implement a many of the studies. While it is great that you have so many options for trading with the MT4, we would suggest that you err towards the computer client. This is because it is easier to complete your charting on this and there is also much less latency than there is on a web version. What really put the cherry on top for us was the fact that they were quite open to traders visiting their account managers at the offices.

  • For example, it is hard to figure out how to remove an indicator from the chart.
  • Clients of AxiTrader utilize the MetaTrader 4 platform, one of the most popular forex trading platforms.
  • Fin-investing.com needs to review the security of your connection before proceeding.
  • Pro accounts, however, have spreads starting with 0.0 pips and a 7 AUD commission for each trade.
  • The Australian online broker guarantees low spreads and fast execution for the more than 80 different currency pairs available and also offers flexible leverage.

AxiCorp is the parent organization of the AxiTrader, AxiPrime and AxiSelect brands. AxiTrader is the company’s flagship business as an online retail foreign exchange broker. AxiTrader offers multi-channel funding and also allow broker-to-broker transfers from selected companies. Other VPS services that can be utilized by AxiTrader clients are MetaTrader VPS and Commercial Network Services. Most trading strategies and types, such as scalping, hedging and Expert Advisors are allowed. Commissionsand fees for an AxiTrader MetaTrader 4 Pro Account are set at a $7 per standard lot round turn but can be reduced depending on trade sizes, frequency and strategy.

Deposit and Withdrawal

This can also prevent fraudulent intentions, since opening a trading account using a fake identity is not possible. Feel free to try AxiTrader today and see for yourself what they can offer you. With it, you can find out all you need to know before you sign up. AxiTrader has provisions for negative balance protection for forex spot and CFD trading. However, this is only available to clients from the European Union.

These have low fees and low margin requirements to make them accessible for all traders. AxiTrader provides access to trading CFDs of commodities, gold and silver, Crude Oil, and 11 equity indices. Trading metals allows for margins of just 1 percent and the ability to sell long or short. It is an OTC trading without commissions or brokerage fees on standard accounts.

The platform is known worldwide for its great performance and fast applications. Like most brokers, AxiTrader makes money trough spread, the difference between the buy and sell price of a financial instrument. One advantage when depositing with a credit card is the fast processing time of less than 10 minutes. First of all, there is, of course, the option of a classic bank transfer.

axitrader anmeldelse

This adds further weight to their “personal touch” argument but you will have to call prior to arriving to make sure that they manager is present. However, if you are just starting out or you do not trade with that much regularity then you should consider the standard account. There are other administrative charges that you may incur which include things like sending duplicate statements as well as debt collection charges.

AxiTrader отзывы

The above platforms and tools help AxiTrader users stay ahead of the curve. From economic events calendar to real-time market news analysis, these tools deliver reliable forex quotes through their accurate market indicators. The technology suite of AxiTrader includes the MetaTrader 4 trading platform, its web app version, Myfxbook, and some additional APIs.

In summary, AxiTrader will give you charting tools, a news feed, and an economic calendar.All provided under the MetaTrader 4 platform. They lack the provision of trading ideas and do not have fundamental data. Aside from those features, there is nothing on the Desktop app you cannot find on the mobile or web trader platforms. In our AxiTrader review, we found that it is available for both iOS and Android users.

The only requirement is that traders must reach certain monthly trading minimums. All of the offers, as well as pricing for each VPS partner, can be found on the AxiTrader website. Autochartist offers a convenient MT4 plugin, so you can seamlessly put this particular resource to good use. With Autochartist, AxiTrader clients are able to enjoy continuous market scanning of an intraday nature.

AxiTrader offers over 130 CFD instruments across Forex, Stocks, Indices, Commodities, Precious Metals, and Cryptocurrency categories. Session Map, which shows you the opening and closing times of trading markets across the world. Check the box to indicate that you would like to receive free daily market analyses from the online broker. As well, you can strengthen your strategies by Authochartist, as an AxiTrader client getting free access to flexible charts by the sophisticated tool – PsyQuotation. For the negative points, instruments range is limited to Forex and CFDs and there is no propose for beginners education with courses. AxiTrader’s world-class customer support and numerous awards can be attributed to its supremely salutary management.

However, our AxiTrader review highlights that slippage does occur quite frequently with any type of trades, which is a major drawback for most advanced and professional traders. For standard accounts, the broker offers fixed spreads at 1.0 pips and no commissions. Pro accounts, however, have spreads starting with 0.0 pips and a 7 AUD commission for each trade.

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