And while Bitcoin is still the biggest and most well-known coin, there are now many other options to invest in. Axi Select is our programme that identifies the most promising traders and turns them into professionals. Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets. Some features of this website may not work until you update to a supported browser.

Forex fees at Axi are low.For Pro accounts, there’s a commission of $3.50 per trade and a low spread cost. Finally, you need to make the payment to refill your Forex Card. You can choose to pay using your Axis Bank Savings Account or any other bank account. You can also use your debit card or credit card to make the payment.

Enjoy flexible leverage, competitive pricing and fast execution using our MetaTrader 4 trading platform. Axi focuses solely on the MetaTrader 4 forex trading platform. This forex platform is the most popular globally based on its functionality, ease-of-use and automated trading. Based on solely MT4 Compare Forex Brokers found https://forexarena.net/ Axi offered the best forex platform offering. It didn’t though receive maximum scores simply because competitors such as Pepperstone and IC Markets offer additional platforms. Only two options in Vietnam, use your credit card and get charged a cash advance fee, or bank with a bank that has Internet banking with them.

You can choose from the currencies that are available on your Forex Card. If you have multiple Forex Cards linked to your Axis Bank account, you need to choose the card you want to refill from the list of cards displayed on the page. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. My trading profit was deducted by them for a reason at will.

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To access it, first you have to log in to a client platform. There were times in our experience when accessing certain menus took ages, with the whole page frozen while loading. In addition to bank transfer, you can use credit/debit cards, broker-to-broker transfer and several electronic wallets, as well as cryptocurrencies. We compare Axi’s fees with those of two similar brokers we selected, TMGM and Eightcap. This selection is based on objective factors such as products offered, client profile, fee structure, etc.

If you are on the international website, you will only be able to access forex market analysis news and educational pieces. Also, the quantity of news differ from language to language – for example, news in Spanish only seems to be updated once a month. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee. You can use either bank card, bank transfer or e-wallets for deposits, but there are some withdrawal limitations for bank cards. However, Axi applies a $/€10 monthly fee on inactive accounts. “Inactive” means that you had no open trades for a period of at least 12 months.

In order for us to investigate this matter, please provide us with your full name, registered email address, account number, and the details of your concern. We’ll take this on board and get back to you as soon as possible. Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing. Copyright © 2023 “Finance Magnates CY Ltd.” All rights reserved. Axi runs a very successful referral program that gives you the opportunity to make money by referring clients to the Forex retail broker Axi.

Is AxiTrader an ECN broker?

Our Compare Forex Brokers’ Axi review found that it has a US subsidiary called Axi USA. This is the avenue US-based traders need to choose to trade forex to meet American regulation. At present, the broker offers two different types of trade executions. These are the ECN instant trade order and Non-Dealing desk execution.

If anyone does short-term trading like me, please be careful. We’ll take this on board and get back to you once we get an update. A member of our settlement team has sent you proof of payment that you can use to check with your bank. Kindly note that we did send the funds to your bank last October 26th based on your bank instructions. When we recall the funds we do not have particular time to received the funds as this depends from your bank or the intermediate bank.

Axi review

On the Axi website, you may download a variety of free eBooks. Whether you’re studying the principles of Forex, trying out new methods, or searching for expert trading advice, the eBook series may help you increase your market knowledge. Receive alerts and insights on chart patterns, predictions, important levels, and advanced trading patterns. By doing automatic chart analysis for you, the Autochartist pattern recognition programme may save you time examining the charts.

In most cases your funds will be available in a matter of hours, however please allow one to three days for bank transfers. AxiTrader offers over 130 CFD instruments across Forex, Stocks, Indices, Commodities, Precious Metals, and Cryptocurrency categories. Along with the continued sponsorship of the men’s football club, the renewed deal will be enhanced with Axi also sponsoring Manchester City Women’s Football Club. Deriv’s multiplier explained – What is it and how to use for Forex & CFD trading? The benefits of leveraged gold futures trading and how to control risks. Axi provides you with powerful platforms where you are at the controls.

• AxiTrader is not a financial adviser and all services are provided on an execution only basis.
• To read much more details about the broker’s services and features, expand on the sections below.
• I saw that they accept cryptocurrency deposits and withdrawals, but I haven’t used this method with them yet.
• The major difference is that you can set alerts and notificationsin the form of mobile push and email notifications on the desktop trading platform.
• Some features of this website may not work until you update to a supported browser.

This means that they don’t use a dealing desk but instead connect their clients with an ECN network so you can trade directly with global liquidity pools. These liquidity pools consist of 14 of the world’s leading banks. Forex.Academy is a free news and research website, offering educational information to those who are interested in Forex trading. Forex Academy is among the trading communities’ largest online sources for news, reviews, and analysis on currencies, cryptocurrencies, commodities, metals, and indices. The advanced and free trading platforms/tools you can use with Axi include Advanced AI-based PsyQuation, Industry standard MT4, MyFXBook, Zulutrade, Signals, and Trading resource suite. Invest in over 130 financial markets on Axi’s MT4 trading platforms.

Retail

This allows you to identify successful traders and follow their trades, which are then translated into real trades in your own broker account. To access this feature, you have to download the Axi Copy Trading platform, then link your MT4 account to it. After these steps you can start searching for traders to copy. This account is designed for intermediate forex traders looking to minimise spreads when trading. To keep costs low, AxiTrader does not widen the spread but instead charges a commission of $7USD round trip for each standard lot. Our Axi review found that the company offers ECN broker spreads.

In this article, we will explain how to refill your Axis Bank Multi-Currency Forex Card. In his role, David works with a team of writers to develop content for the site, this includes planning future content and editing and proofing existing works. David also has deep knowledge of the Forex industry and spends substantial time fact-checking the accuracy of the information about the brokers for the website. AxiTrader is a STP broker which provides 2 types of account, Standard account and PRO account. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Support

The site navigation is very nice and offers the best graphical user interface, which makes it ideal for all forex traders. Their trading platforms extend MAC and Windows PC and mobile trading tools like smartphone devices such as the iPhone and Android phones and iPad and Android. Traders can make use of the Autochartist and Myfxbook Autotrade, which is a social-based trade community.

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. Since joining BrokerChooser, he analyzed and tested 50+ brokers. He received his MSc degree in International Business from the University of Middlesex. He is also interested in real estate and dividend growth investing. His purpose is to help people find the best investment provider. You can also useCopy Trading, another social trading feature.

Deposit options for client funds include bank transfer, credit card, MasterCard, Skrill, BPAY, China UnionPay, bank wire transfer, MoneyBookers to Neteller can be used. For people having AUS bank accounts, the withdrawals do not attract any type of commission. However, the broker can charge anywhere between 15 and 25 dollars for people having international bank accounts. All the deposits are processed instantly while the withdrawals can take up to 5 days to settle.

There is a 3% fee for card payments and other payment methods where deposits exceed a monthly limit of $50,000.Withdrawals are free if they are above $50 or for the full balance of your account. To read much more details about the broker’s axi review services and features, expand on the sections below. Milan Cutkovic An IB traditionally refers new traders to their preferred broker for a commission. Read more about how introducing brokers operate for Axi in this guide.