Axi is a worldwide online brokerage firm that provides trading platforms for forex, shares, indices, commodities, and cryptocurrencies. Engaging in online trading with Axi offers traders numerous benefits, such as access to leverage and competitive spreads. You can select from a diverse range of 150+ financial assets spanning various markets and trade with a trustworthy, acclaimed broker. Being traders themselves, they grasp the pivotal elements of trading. Whether you’re a novice or an experienced trader, they equip you with narrow spreads, swift execution, cutting-edge trading tools, and top-tier customer support. Since Axi’s incorporation in 2007, they have been dedicated to achieving excellence and delivering a seamless trading experience for thousands of clients across more than 100 countries.
About AXI
Axi, which is headquartered in Sydney, Australia, is a global online brokerage firm established in 2007 and led by CEO Rajesh Yohannan. Axi offers traders highly advantageous conditions, featuring narrow spreads and reasonable commission fees. Additionally, traders have the option to select from two distinct account types. A wide array of trading instruments, including forex pairs, CFDs, and cryptocurrencies, is available for trading. The management team at Axi possesses extensive expertise in various financial markets, global marketing, and providing financial services. Leveraging this collective experience, they meticulously choose and provide exceptional technological solutions and opt for the most optimal liquidity available in the financial markets, catering to both retail and institutional traders.
Account Types
Axi provides retail and institutional traders with the opportunity to choose between two account types:
- Standard Account
- Very fast order execution
- Spreads starting at 0.9 pips
- No commission fees
- Opportunity to choose between 10 base currencies
- Pro Account
- Very fast order execution
- Spreads starting at 0.0 pips
- Low commission fees (3.5 USD per lot, per side)
- Opportunity to choose between 10 base currencies
Trading Instruments
Axi offers traders a diverse range of trading instruments, enabling them to participate in the world’s most widely traded and liquid financial markets. This guarantees access to premium trading opportunities round the clock, seven days a week.
| Trading Instrument | Number of Trading Instruments |
|---|---|
| Forex | Over 80 Currency Pairs |
| Indices | Over 10 Indices |
| Commodities | Over 20 Commodities |
| Shares | 50 Shares |
| Cryptocurrencies | Over 10 Cryptocurrencies |
Trading Platforms
Axi offers a single trading platform that could be considered the most popular on a worldwide scale. This platform is MetaTrader 4, which is available as a desktop and mobile trading platform, allowing the trader high flexibility of available devices he can operate from.
MetaTrader 4
MetaTrader 4 stands as an advanced trading platform that has established itself as a standard tool for experienced Forex traders, facilitating trade execution even in the absence of an active device. It is characterized by its intuitive user interface, an extensive array of technical analysis tools for prognosticating market trends, live updates on currency prices, and a host of additional features. Noteworthy components of MetaTrader 4 encompass mobile trading capabilities, access to trading signals, and comprehensive financial market insights, all of which serve to elevate and enrich the overall Forex trading encounter. Furthermore, it provides support to traders in more than 30 languages globally, along with three distinct trade execution modes, instant execution, execution on request, and execution on the market.
Safety
Axi is a broker that was founded back in 2007 while also being regulated by several financial authorities worldwide. These include the following four:
- FCA – Financial Conduct Authority
- ASIC – Australian Securities and Investments Commission
- DFSA – Dubai Financial Services Authority
- FSA – Seychelles Financial Supervisory Authority
Axi offers the option to open a trading account with one or multiple of their authorized entities, dependent upon your country of residence. This aspect holds significance for individuals seeking to establish an account with Axi, as the level of investor protection and regulatory oversight varies depending on the specific entity you are affiliated with.
| Country of Clients | Legal Entity | Regulator | Protection Amount |
|---|---|---|---|
| UK & Europe | AxiCorp Limited | FCA | £85,000 |
| Australia | AxiCorp Financial Services Pty Ltd | ASIC | No protection |
| United Arab Emirates | AxiCorp Financial Services Pty Ltd | DFSA | No protection |
| All other countries | AxiTrader Limited | FSA | No protection |
Furthermore, it’s important to note that Axi offers negative balance protection for forex spot and CFD trading exclusively to retail clients from the European Union. Negative balance protection does not apply to professional and non-EU clients.
Customer Support
Axi ensures its clients receive outstanding customer support through live chat, email, and phone. These channels are available around the clock, ensuring assistance is accessible from all parts of the world. Whether you prefer direct phone conversations, email communication, or real-time chat interactions, Axi is dedicated to providing exceptional customer support customized to your personal preferences.
- Live Chat Support
Axi takes pride in its exceptional live chat support system, connecting you directly with a knowledgeable agent who will assist you by providing the precise information you seek. This ensures you receive prompt and accurate assistance, enhancing your overall trading experience.
- Email Support
When it comes to email support, Axi is dedicated to delivering outstanding customer support service. Clients can expect to receive comprehensive responses within a single day of reaching out, demonstrating Axi’s commitment to timely and thorough customer care.
- Phone Support
In addition to their top-notch live chat and email support, Axi’s phone support is also very impressive. Clients can count on receiving rapid responses to their inquiries, with wait times as short as one minute from the moment they make contact. This exemplifies Axi’s dedication to providing efficient and effective support across various communication channels. Take a look at all the available Axi’s toll-free numbers that are available for you to get in touch with them.
Exclusive: When Is Using a VPS & Trade Copier Beneficial?
Using VPS and Trade Copier services in financial market operations can prove highly beneficial in specific situations. Before going into specifics, it’s essential to first understand what a VPS and a Trade Copier actually are and the advantages they offer.
VPS
A VPS, short for virtual private server, is a system that houses the necessary software and data for operating an application or website. The term virtual indicates that it utilizes only a fraction of the underlying physical resources of the server, which are overseen by an external provider. Nevertheless, you have exclusive access to your allocated resources on this hardware.
When is Using a VPS Beneficial?
- When trading with Expert Advisors (EAs)
- When trading with multiple Brokers/Proprietary Trading Firms through a Trade Copier
- When trading through a Mac device
Trade Copier
A trade copier is essentially a software tool employed to duplicate trades across numerous trading accounts. It stands out as the most convenient and effective method for simultaneously managing multiple trading accounts, allowing for the execution of identical trades across various trading platforms.
When is Using a Trade Copier Beneficial?
- When trading with numerous Brokers
- When trading with numerous Proprietary Trading Firms
- When looking to spread risk between numerous trading accounts
Why should you connect a VPS and Trade Copier with numerous trading accounts?
As stated above, incorporating a VPS and Trade Copier into your trading activity can provide a wide range of advantages. For example, when pairing them with multiple trading accounts, you can strengthen the benefits they offer to an even larger extent.
Example of connecting five trading accounts, a VPS, and a Trade Copier
| Device | Benefits |
|---|---|
| VPS (Forex VPS) | Provides Low Latency & 24/7 Connection |
| Trade Copier (Local Trade Copier) | Provides Connection Between The 5 Trading Accounts |
| Trading Account | Account Size | Account Type |
|---|---|---|
| Broker Account #1 | €5,000 Account | Master Account |
| Prop Firm Account #1 | $100,000 Account | Copier Account |
| Prop Firm Account #2 | $50,000 Account | Copier Account |
| Broker Account #2 | $8,000 Account | Copier Account |
| Prop Firm Account #3 | $300,000 Account | Copier Account |
| Trading Account | Account Size | Risk per Position |
|---|---|---|
| Broker (IC Markets) | €5,000 Account | 2% per trade (€100) |
| Prop Firm (FundedNext) | $100,000 Funded Account | 0.6% per trade ($600) |
| Prop Firm (Funding Pips) | $50,000 Evaluation Account | 0.5% per trade ($250) |
| Broker (Pepperstone) | $8,000 Account | 4% per trade ($320) |
| Prop Firm (The Funded Trader) | $300,000 Funded Account | 0.8% per trade ($2,400) |
By utilizing a VPS server, you’ll ensure yourself a consistently low latency and a robust connection, ensuring uninterrupted operation of your Trade Copier 24 hours a day, 7 days a week. When integrated into your network of trading accounts linked by a Trade Copier, this can lead to substantial improvements in your trading outcomes. This is because you will no longer need to manually execute trades across all your accounts. Instead, simply execute the trade on your Master account, and the Trade Copier will automatically replicate it across all the connected Copier accounts. By employing this approach and configuring specific risk parameters for each linked trading account, you can enhance your risk management for each position, regardless of the current balance available in any of your trading accounts.
Education
Axi offers its clientele a wide range of valuable educational resources. These include a demo account, a range of MetaTrader 4 video tutorials, free online trading eBooks, and online trading courses through their Axi Academy, a trading glossary, and a blog section.
- MetaTrader 4 Video Tutorials
Within the MetaTrader 4 tutorial section, you’ll find a comprehensive collection of step-by-step instructional videos meticulously designed to guide you through the functionalities of the MetaTrader 4 trading platform. These tutorials cover a wide range of topics, from basic navigation to advanced trading strategies, ensuring that both novices and experienced traders can benefit from this valuable resource.
- Free eBooks
Axi presents an exclusive five-part eBook series tailored for forex traders. Authored by seasoned professionals in the field, this comprehensive series systematically covers important trading concepts. By completing a free registration on their website, traders gain privileged access to this invaluable resource.
- Axi Academy
Axi Academy stands as an exceptional place for online trading education. Their extensive array of trading courses has been crafted by seasoned traders, with the specific aim of empowering fellow traders with the essential knowledge and skills to become successful within the dynamic markets. Keep in mind that all these courses are readily accessible worldwide, completely free of charge.
- Trading Glossary
Start your journey into trading as you explore Axi’s comprehensive trading glossary, where you’ll encounter a wealth of essential trading terminology. This crucial resource is precisely crafted to provide traders with a deep understanding of the language and concepts that underpin the financial markets.
- Axi Blog
Axi’s blog section covers insights for traders seeking to elevate their expertise. With a diverse range of articles covering market analysis, trading strategies, and industry trends, it offers a wealth of knowledge tailored to both new and experienced traders.
Conclusion
In conclusion, Axi stands as one of the better Forex brokers within the industry, utilizing the MetaTrader 4 platform. Their emphasis on a simple account opening process and competitive trading fees, complemented by free deposits and withdrawals, sets them apart from the rest. Offering a choice between two distinctive account types, along with tight spreads and minimal commission charges, indicates their dedication to creating favorable trading conditions for traders all around the globe. Noteworthy is their powerful regulatory framework, affording users the flexibility to select authorized entities based on their country of residence, adding extra security to anyone partnered with Axi. Moreover, the inclusion of a wide range of free educational resources, including MetaTrader 4 video tutorials, free eBooks, the Axi Academy, a trading glossary, and an informative blog, shows their commitment to providing traders with essential knowledge. Axi’s potential integration of VPS and Trade Copier services, coupled with the provision of negative balance protection for UK and European clients, further highlights their dedication to managing risk. In conclusion, Axi emerges as a reputable broker, focused at serving traders of all experience levels, positioning itself as a great option within the broker industry.
