AxiTrader Review – Is AxiTrader a Fake Broker?
If you are a forex beginner, you should check out Axi broker, which has a low forex fee and does not charge inactivity fees. It also offers free withdrawals and deposits. However, it only offers a limited range of forex products and 24-hour customer support. You should also be aware that although Axitrader claims to be based in the UK, the company is fake. It displays fake licenses and is not regulated.
AxiTrader is a MetaTrader 4 broker that offers its clients an extensive suite of tools and services. Traders can enjoy various benefits, including automated trading and support for many languages. Its robust platform is also compatible with iPhone and iPad devices. The company also provides many extensions for enhanced connectivity and strategy sharing.
Other features include advanced management tools, improved order flow, and sentiment trading. Clients are also given access to AutoChartist, one of the most sophisticated chart pattern recognition plugins on the MetaTrader 4 platform. This powerful tool can automatically identify trading patterns and alert traders when they’ve made a mistake. Traders can also take advantage of AxiTrader’s automated trading coach, which can serve as a trading coach for beginners.
PsyQuation Premium is a free trading platform available to all AxiTrader customers. It is an advanced version of the standard PsyQuation platform and comes with more powerful indicators and frequently updated trade signals. It also includes institutional-level quantitative models and an order flow sentiment indicator. It also offers mentoring and funding.
The AxiTrader platform offers the latest technology and tools. It features a Multi Account Manager, which allows one account manager to manage multiple accounts. It also supports multi-channel funding and broker-to-broker transfers from selected companies. Traders can also use AutoChartist, an advanced MetaTrader plugin. This indicator can analyze multiple charts at once, and its output can be used to identify trading opportunities. This premium trading platform is an excellent option for traders who want to make the most of their trading efforts.
Axi is a well-regulated broker, ensuring that anti-money laundering rules are followed. It also offers a range of financial products, including forex spots and CFDs. The broker also offers a substantial collection of forex pairs and various CFDs on commodities, indices, and precious metals.
With a Standard Account, you don’t need a minimum deposit. You can also trade with leverage of up to 1:30. This allows you to make a profit with a small amount of capital. You can also use lot sizes of 0.01 and margins of up to 3.33%.
AxiTrader also offers a PRO Account with more features. These are highlighted in the table below. You can also open a free demo account. This account allows you to practice trading with virtual money and get a feel for the platform before making an actual deposit. It also allows you to practice with real-time spreads and order executions. You can use ten different currencies with this account, which is excellent if you aren’t sure about trading with real money.
While the Standard Account doesn’t charge a commission, it has higher spreads than its Pro Account counterpart. However, there are no minimum deposits or withdrawal fees with this account. The Pro Account also has better trading conditions and offers higher leverage up to 500:1.
Standard Account with no deposit bonus
If you are new to forex trading, you can start with a Standard Account with no deposit bonus at AxiTrader broker. This account doesn’t require a minimum deposit, and the spread is 0 pips. The broker also offers negative balance protection, so if you lose more money than you deposit, you can use the balance of another account to cover the difference.
With this account, you can deposit up to $5,000. In addition, AxiTrader will waive any fees associated with using a Credit Card and funding taxes after the initial deposit is made.
The Axitrader broker trading platform has a customer support team that is responsive and competent. They offer help through phone, e-mail, and live chat. They offer support to traders from nine different countries. The customer support team is available around the clock. AxiTrader offers fair trading conditions and all the necessary assistance to traders.
The platform provides 70+ currency pairs, including majors like EUR/USD and minors such as EUR/NOK. It also offers leverage of up to 500:1 for Forex and 30+ indices. It also offers index futures and cash CFDs. It also offers Bitcoin CFDs.
The Axitrader broker trading platform is licensed by the Financial Conduct Authority and Australian Securities and Investments Commission and complies with strict regulations. Its funds are held in segregated trust accounts with top-tier banks. AxiTrader also offers a white-label trading platform for US traders.