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In order to best spread the capital used, commodities can also be traded at AxiTrader. This includes trading in gold, silver, palladium, platinum and oil. Depending on how the market develops, customers can trade both long and short. Here, too, the leverage can be used flexibly to better assess the risk.
However, Axi offers a small number of tradable instruments, about 130, and does not offer ETFs and stocks, which is a drawback. AxiTrader also provided video tutorials on how to navigate their platform. The broker could provide more video tutorials covering other topics. Traders can also change the leverage level of their accounts after registration. However, you cannot withdraw funds back to a credit/debit card even if you funded your account using this method.
The trading platforms run on all operating systems, including Windows, Mac, Android, and iOS. The broker delivers its services for hard and soft commodities, including 31 equity CFDs and 6 cryptocurrency CFDs. The asset selection of this broker is quite limited, which makes a proper diversification of cross-assets unfeasible. Forex pairs have been one of the most lucrative assets in the world of trading financial instruments.
Does AxiTrader offer demo accounts?
Hence, holding different licenses from different parts of the world was the right way to do so. You can open a demo account, Micro-Account,Mini-Account, Standard Account, Zero-Spread Acount and Islamic Account. You can fund these accounts by credit card, bank wire transfer, axitrader review Skrill, Payoneer and Neteller. Last but not least, there is also an education center for advanced traders. In addition to the forex basics, the video learning programs cover topics such as various analysis techniques, trading strategies and trading psychology.
Getting into the area of online trading demands expert assessing skills and thorough understanding. You will get adept at all of the concepts of online trading and brokerages while you continue trading. For starters, you need to select the ideal agent who will constantly be transparent with you. Comparebrokers.co needs to review the security of your connection before proceeding. Clients’ funds are held save and securely in separated, segregated trust accounts with top-tier banks.
You can also open positions, test different trading strategies, and more. If trading forex pairs is of interest to you then AxiTrader offer over 100 currency pairs. However, non-trading fees billed by AxiTrader are relatively greater. As a result, you are charged more for non-trading actions on your trading account, such as withdrawal and deposits. AxiTrader allows traders to trade on mobile devices through Android and iOS devices. In the following table we take the main parts of any great online trading platform and compare AxiTrader with freetrade, and easyMarkets.
- The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.
- This allows you to follow the trading strategies of a group of professional traders.
- Your latest withdrawal request has already been sent to your bank account on 28th of January 2022.
- As such, the platform understands the features traders want and aims to deliver them.
This allows for low spreads for AxiTrader, which it passes on to its clients. Spreads for a standard account can be as low as 1.0 pips for EURUSD, GBPUSD, AUDUSD, and NZDUSD. They can be as low as 1.1 pips for USDCHF, 1.2 pips for USDCAD, 6.0 pips for GOLD , and 0.01 pips for Oil .
Is AxiTrader a good broker?
There is a nice demo account available to test out the broker before opening a live account but unfortunately this is limited to a 30 day period. As is expected from a broker, AxiTrader has an FAQ section labeled “Forex FAQs.” Despite the name, this FAQ section is not limited to just forex information. It offers information regarding the platform, how to open accounts, and how to use MT4 on various devices. You can also find info on deposits and withdrawals, accounts, troubleshooting, demo accounts, and trading specific assets.
The bulk information from multiple authentic resources is scanned and filtered to identify high-value data. This information collection process is outsourced to Autochartist or PsyQuation Premium. Facilitating these platforms and their rights reserved with AxiTrader make it a key recommendation in the trading community. Without these tools, implementing any trading strategy could render it useless. Needs to review the security of your connection before proceeding.
Trading Education Available At AxiTrader
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of letting your accounts lose money through CFD trading. Visit AxiTrader website CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. One of the biggest drawbacks with this Forex broker are the very limited options for deposits and withdrawals. Deposit methods only include debit and credit cards , Neteller, Skrill, bank wire transfers and broker to broker funds transfer. Payment options vary depending on the client’s country of residents and are very limited as well. PsyQuation has already been recognised as one of the world’s most advanced and professional trading platforms and trading tools for retail traders.
But the pros of trading with AxiTrader greatly outweigh its cons. 69.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.6% of retail traders lose money when they trade CFDs with this provider.
You also need to answer a few compliance questions to see how much trading experience you have. So, keep in mind that opening an account can take up to 10 minutes of your time. For comparison, the conditions for the pro account are listed below. Though, in the event that the amount to be withdrawn is greater than the initial deposit amount, you can also select a new method. A requested payment is usually processed by AxiTrader within 24 hours, so that the customer receives their money quickly.
While this looks like a pretty attractive asset offering, there seems to be a distinct lack of any single name equities to trade. This is unfortunate for those traders who like to open positions on particular companies. Of course, there may be other fees that are applied by third party payment processors and banks.
AxiTrader Customer Service
By registering high returns, forex trading has instantly profited investors worldwide. However, the domain of forex trading is not so easy for everyone to champion it. Secondly, although they do offer cryptocurrency trading, the margin levels are very disappointing. With an 80% margin on all crypto pairs, https://forexbroker-listing.com/ it means that you are only getting an effective leverage of about 1.25x. For those traders who want more leverage they should try the likes of IQ OptionandPlus500. Once you have created an account at Duplitrade these signals will be sent directly to your Axi trading account in the MT4 interface.
AxiTrader Account Types
Further, the firm also launched its London branch in 2012, China branch in 2015. In China, AxiTrader entered into a partnership with China Union Pay to help its Chinese clients process payments easily and directly to AxiTrader. Later, when their trade volume surpassed the 100 Billion Dollar mark, AxiTrader stretched its corporate brand to Germany Latin America and also to the Middle East in 2016.
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