About the company:

In 2007, an Australian trading company called AxiTrader was established. The business has grown over time, launching operations in China in 2015 and establishing a branch in London in 2012.

Originally a MetaTrader broker, the company currently focuses on speculative foreign exchange trading, particularly in commodities, indices, metals, and bitcoin.

trading platform

All of the available trading platforms are owned by MetaQuotes. The primary trading platform offered by the website is MT4 (MetaTrader 4). Versions are available for Mac and Windows computers, as well as Android and Apple devices.

Traders can also utilize MT4 NextGen. It is a platform that enhances MT4 by giving users the chance to add new functions. Additionally, the firm offers an MT4 multi-account manager and MT4 trading signals.

The platform has been revamped to make it simple to navigate and complete transactions. Even new traders will have access to all the information they need to get started thanks to thorough training materials.

Markets and assets

The assets offered:

• Forex trading is available in over 61 different currencies and 80 major currency pairs.
• Cryptocurrencies
• CFD: shares, commodities, metals; trade in gold and silver; oil trade; index trading.

Spreads and commissions

The spreads are often competitive or comparable to those on other sites. For instance, the regular account’s typical spread for EUR/USD is 1.24 (0.44 on a professional account). For GBPUSD, the average spread is 1.73 (0.85 on a pro account), and for AUDUSD, it is 1.32 (0.42 on a pro account). These numbers date from February 2017.

There are no trading costs if you open a basic account. However, standard account holders can only access spreads that begin at 1 pip. In contrast, the pro account has commission fees of $7 and spreads that begin at 0.0 pips.

The amount and type of trade a client wishes to conduct ultimately determine the most cost-effective solution for them. These costs are more affordable than those provided by some other brokers and roughly in line with the industry standard.

Mobile applications

The broker has a mobile app for Apple and Android devices. The website offers a download for the program, which enables traders to operate much like on a computer.

The offered interface is flexible, allowing traders to switch between devices. The application offers all the advantages of using the website on a laptop or desktop computer and is completely functional and simple to use.

Trading account replenishment methods

Deposits to the account can be made in the following ways:

• credit cards (Visa, Maestro, and Mastercard). Instant payments are available 24/7/365. Transactions with credit cards are free of charge.
• debit card (Visa, Maestro). Deposits are immediately reflected. 24/7/365, deposits can be made. A debit card can be used to deposit any type of currency.
• Instant deposits via Neteller. Anytime is a good moment to make a deposit. Any currency may be used as funding.
• Moneybookers and Skrill: Anytime is a good opportunity to make an instant deposit.
• Payment via China Union Pay is available 24/7/365 and is instant (within ten minutes). Deposits into China Union Pay can only be made in RMB.
• Bank transfers typically take 1-3 business days. The following currencies are accepted for bank transfer deposits: USD, GBP, EUR, CHF, and PLN. A bank transfer can be made at any time.

Withdrawals often take 1-2 days to complete. Money can be withdrawn internationally in 2 to 5 days. The broker follows anti-money laundering regulations when conducting business. This implies that authorization for a withdrawal may be subject to identity verification.

Demo Account

A demo account option is available, allowing traders to practice trading for up to thirty days. A fictitious $50,000 is available in each sample account. Customers have the option of opening a demo account as a normal or professional one.

Regulation

The FCA oversees all broker operations in the UK. ASIC oversees the operation in Australia.

Traders can expect a high level of confidence because the FCA and ASIC are both well-known financial regulators. While users in New Zealand are subject to regulation under the FMA, operations in Dubai are governed by the DFSA (New Zealand).

The company has won recognition for its dependability, including the 2017 Most Reliable Forex Broker award. The Financial Services Compensation Scheme covers UK customer accounts up to £50,000.

Account Types

The broker offers standard and professional account types. The only distinction between them relates to commission costs. As previously mentioned, spreads for a regular account begin at 1.0 pips, but there is no commission levied. The pro account spread, in contrast, starts at 0.0 pips but costs AUD 7 for every trade.

Customer Service

Email, live chat, and phone numbers are all available for contacting support. Their website contains a complete list of contact details.

Countries the broker doesn’t work with

Traders from the USA, Japan, Singapore, Columbia, Iraq, and Iran can’t cooperate with this broker.

Conclusion

Overall, it is a very trustworthy trader with a wide range of profitable trading prospects. Axi is a trustworthy platform that is excellent for both new and seasoned traders. The MT4 platform is renowned throughout the industry as one of the best.

The broker also makes MT4 NexGen available to users, considerably enhancing the site’s functionality and the trading experience. The brand guarantees a seamless user experience across all platforms, and the app gives complete functionality.