12 08: Markets Look Ahead to US CPI Data

MT4 mobile is free to download from the respective app stores on both Android and iOS. 150+ assets are available, along with live pricing and real-time charting. Clients can also keep abreast of the latest trends using the automated news feature. In addition, custom indicators can be added and the MQL4 programming language ensures that traders can develop and test automated investing strategies. The Myfxbook third-party application also integrates with MT4 to offer clients automated trading capabilities.

Pros

Axi supports more languages than the competitors, but the client support is better with TMGM and Pepperstone. As an Axi trader, you can access a range of commodities, currencies, cryptocurrencies and indices. The company offers generous leverage meaning that you can make substantial profits, but losses can also be magnified, and you will still have to pay back the borrowed amount. Research the best forex trading software before you risk your money.

Trading fees and other costs

It has bagged several industry awards for providing satisfactory trading services to over 60,000 loyal clients in 100 countries. In 2020 alone (FY20), the broker recorded over $2.5 trillion worth of trades. When you have a standard forex trading account with Axi, you will not be charged fees or commissions axi forex broker and you can use your account as much or as little as you like. Axi charges no fees for funding and withdrawals to your trading account. We implement high industry standards of encryption to ensure your account is fully protected. Axi allows traders to trade mini and micro lots as well as standard lots.

Cryptocurrency CFDs

This will empower you to efficiently execute trades, analyze market trends, and make informed decisions. Plus500 is one of the most interesting forex brokers for US investors in our opinion for several reasons. Customer support had lot of excuses and blah blah not making your withdrawals. To open a trading account with IC Markets, you’ll need to make an initial minimum deposit of $200. While Axi does not offer deposit bonuses, it presently maintains two promotions for affiliates.

When the Sydney office isn’t open, there is support from London and Chisinau. All forex traders that open an account are provided https://forexarena.net/ with a dedicated account manager. Account managers assist with trades, forex training, and other market information.

• MT4 mobile is free to download from the respective app stores on both Android and iOS.
• Investing in CFDs does not provide any entitlement, right or obligation to the underlying financial asset.
• This means that you cannot lose more than the amount of money invested with us.
• I think beginner traders can start there and then research more online.
• When you have a standard forex trading account with Axi, you will not be charged fees or commissions and you can use your account as much or as little as you like.

Axi vs Other Brokers

Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section. Axi explains its products and services well, and I believe most traders will not require assistance. In case of emergencies, Axi customer support is easily accessible. While Axi offers a demo account with flexible options concerning the account balance, base currency, and leverage, it is limited to 30 days. Therefore, I consider it pointless, as traders use demo accounts to test applications and trading strategies, which requires significantly more than 30 days.

Our Axi review found that the company offers ECN broker spreads. 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. This platform has a mobile-friendly user interface and offers users advanced technical analysis, tools and charts. You can use it on Android and iOS smartphones as well as the web version for your laptop.

Trade over 130 products, no minimum deposit required and trusted by 60,000+ traders globally. Enjoy flexible leverage, competitive pricing and fast execution using our MetaTrader 4 trading platform. Axi provides traders with the out-of-the-box MT4 trading platform and upgrades it free of charge with the Autochartist plugin. I like that Axi adds Autochartist, which can assist beginner traders.

The social trading platform is available to all live account holders. Axi provides access to many markets, featuring over 50 financial instruments to trade as CFDs. Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

A CFD is a contract between traders where the buyer pays the seller the difference between the current asset value and the value of the asset when the contract closes. If you have not made a withdrawal before, please note that all requests will be processed within 1-2 business days upon receipt. But we may not give Axi a 100% pass mark overall on fees since their commission fees of $7 per round turn are high compared to some of their competitors, such as Fusion Markets. From the above, we can easily deduce that the spreads offered by Axi are slightly higher than those offered by the big names in the industry, such as IC Markets and IG Markets. We should also note that the broker does not accept clients from New Zealand and Australia.

A crypto transaction with verifiable transaction hash on the blockchain? Such a shame this broker is a shady one.If deposit can be like this then I wonder if I’ll be able to ever withdraw funds if i earned profits from trading on this broker. Return my money and close my account as I’m not interested in continuing with this kind of company that does this kind of unethical practices. Based on our research on the regulatory status of over 60 brokers, we’ve found that Both IC Markets and Axi hold 2 global Tier-1 licenses.

Currently, there are no deposit bonuses available with this brokerage. Let us provide a breakdown of those two categories and see how Axi has positioned itself on this front. Use of our wide range of account types to test your strategies.