Axi is a trading name of AxiTrader Limited (AxiTrader), which is incorporated in St Vincent and the Grenadines, number BC by the Registrar of International Business Companies, and . Axitrader allows you to execute a minimum trade of Lot. This may vary depending on the account you open. Axitrader allows you to execute a maximum trade of Lots. As Axitrader offer ECN and . Warning: Spread betting and trading both carry a high level of risk to your capital with the possibility of losing more than your initial investment. These products may not be suitable for all investors, and are .
Axitrader btcAxitrader — TradingView
Apply leverage for higher returns Trade up to 10 times more Bitcoin than your initial investment. What is Bitcoin? Why trade a cryptocurrency as a CFD? Is CFD trading regulated? What are cryptocurrencies? Can I trade Bitcoin with AxiTrader? Do I own the actual Bitcoin when trading it with AxiTrader?
What are the advantages of trading Bitcoin with AxiTrader? What is Bitcoin mining? What is a Bitcoin Wallet? What is Blockchain? Open your account. Trade within minutes. Start your trading journey with a trusted, multi-award winning broker. They have an extensive track record in the industry and are well known for their relatively attentive customer service and extensive asset coverage. They also have a range of trading platforms and give traders numerous customisation options.
We will also give you some top tips in order to make the most of your trading experience. AxiTrader was founded in Sydney in originally as an Australian broker under AxiCorp financial services which has offices at Level 10, 90 Arthur St. They have steadily grown their international presence as well and in , they established their UK arm of the business under AxiCorp limited.
They have offices at 55 Baker Street in London. The broker has kept expanding since then and started offering their services in China in and the middle east and Germany in The expansion has continued unabated and has since seen AxiTrader reaching different countries. As a CFD broker, AxiTrader gives their clients access to a range of assets with which they can trade with leverage up to These include the likes of Forex, Equities, Commodities and cryptocurrencies. They regularly score top marks for their customer service, trading tools and general transparency.
More recently, the broker has tried to appeal to customers with their offer of some of the lowest spreads on the market. For example, with their pro accounts they are offering traders close to 0 spreads on some of the major forex pairs. Regulation is perhaps one of the most important questions that any trader may have about a broker.
We would strongly recommend any trader that is considering using an online CFD broker to confirm their regulatory status. When it comes to AxiTrader, they have two licences of importance. The latter allows them to offer their services into the UK and Europe and the former is their Australian licence. Well, there are a number of protections that clients have the privilege of when they are dealing with a broker with these licences. These include numerous costs that they have to incur upfront as well as regular reporting standards.
Here are some of the requirements for a licence:. Given that AxiTrader will have to had to have conformed with these requirements, you can feel at ease about the safety of using their services. Moreover, unlike with an unregulated brand, you know exactly which regulator to turn to should you have any issues with AxiTrader.
There are arbitration processes in place that are able to deal with these issues. This means that you can leverage up your trades up to a certain factor. At AxiTrader, the maximum leverage that you can attain on some of the professional accounts is up to However, leverage levels will vary a great deal depending on the type of account that you have as well as the instruments that you are trading.
In order for you to get a good idea of the kind of leverage levels that you can trade with you will have to take a look at the product schedule. Below is the Initial Margin rate and leverage tables at AxiTrader. This actually looks much more complicated than it actually is. On top you have the account leverage numbers which will range from to depending on whether the account that you have set up is a standard or a pro account.
Then, to the left of that you have the standard margin rate that will differ according to the asset in question. For example. As most traders may know, fees are one of the most important criteria when it comes to choosing a broker.
We also want a broker to be transparent with the fees that they charge. AxiTrader seems to be fairly transparent with their fees and have a similar fee model to a range of other brokers in the industry.
The spreads and commissions at Axi are based on what sort of account that you register with them. The Pro account comes with lower spreads but will charge you a commission based on the number of lots that you trade. The standard account will not charge you a commission on the lots but spreads will start from 1pip. The below table will give you an idea of the types of spreads that you can achieve with various different markets in pips.
There are other fees that you are likely to incur that are related to the CFD product. This will vary depending on the interbank interest rate that is being applied on the currencies at the time. So, irrespective of your funding method they will not charge a broker fee to it.
Of course, there may be other fees that are applied by third party payment processors and banks. For example, if you are funding via SWIFT then there may be fees charged by third party banks or if you fund via card then your credit card provider may charge a fee. There are other administrative charges that you may incur which include things like sending duplicate statements as well as debt collection charges. However, these are unlikely to affect most traders. These are all laid out in the product schedule together with information on the leverage, lot sizes, trading value and trading hours.
Here is a list of some of the assets that they offer on the platform:. 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. There are a range of account types that you can choose from at AxiTrader. Which account you end up choosing will depend a great deal on your own personal preferences and trading experience.
For those who are uncertain, they can start with the demo account and move their way up. As has become standard for most brokers these days, AxiTrader offers a demo account. This is a great way for a trader to practice their trading in a non-threatening and beginner friendly way. They will just require a few personal details before they are able to give you the demo account.
While the demo account is welcome, we were surprised to learn that it had a 30 day limit. While some other brokers may implement similar limits, it is becoming less common these days. However, if you really did want to keep on practicing past 30 days then you could always re-register with another email address and password. There are two types of live accounts and these are the standard and the pro accounts. These basically differ according to their fee structure as well as the amount of leverage that you can employ with them.
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 x leverage.
Which account you choose will depend to a great degree on your trading volume and experience. If you do high volumes and you have extensive experience trading then the pro account is definitely for you. However, if you are just starting out or you do not trade with that much regularity then you should consider the standard account. There is nothing else really that differentiates the two. You also have to consider the risks that come with leverage of up to x.
While this could be a great way to enhance your returns there is also a large downside risk. The online broker space is littered with examples of pretty awful customer service.
Hence, it is quite a big criteria for us when we are selecting CFD brokers. Something that we quite liked about AxiTrader is that they are fairly open and transparent. They have a number of methods by which you can contact them with the fastest probably being by telephone. They have over 10 different toll-free numbers that you can call any time of the day Monday-Friday should you have problems with your account.
These are based in a number of different regions which means that you will get local language support. If you are slightly more traditional then you can make use of their specific customer support emails. You can reach them directly at service axitrader. We tested this out and we were able to get a response in under an hour.
Alternatively, if you do not want to wait for a response on the email then you can always speak to them over live chat. We also used this and we were able to get an instant response from an agent at AxiTrader. 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. In terms of the trading platforms and technology at AxiTrader, they make use of the MT4 software. Most traders will no doubt be aware of this platform and many will have used it at other brokers.
For those who do not know, MT4 is a third-party trading program that was developed by a company called Metaquotes. This is one the most widely used external trading software currently on the market. The MT4 platform is also much more sophisticated than any other technology that has been developed in house by a broker.
It has a plethora of charting functionality as well as technical analysis. The MT4 platform is available to either be traded through your web browser or on the computer client. The latter is available for download on the AxiTrader platform and is available for both Windows and Mac machines. 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. This includes a number of other tools and features that you will not find on the standard platform. The following is an example of some of them:.
Of course, you can also give it a whirl with a free demo account beforehand. For those traders who are constantly on the move, you will be happy to know that MT4 platform is also supported on your mobile device.