AxiTrader (axi.com): broker review, rating and customer reviews

Axi is an internationally licensed online broker. The company is licensed by well-known financial regulators such as ASIC, DFSA and FCA. This intermediary in financial markets cooperates with investors from the UK, Germany, Italy, Portugal and other countries. We have compiled a review about AxiTrader by first examining the broker's trading and financial conditions.

General Information

Axi broker provides convenient trading conditions for short-term and long-term investments. The company abandoned the fixed minimum deposit. Now traders may start trading on financial markets from any amount starting from $0. This enables beginners to join investment with minimal risks.

Online broker implements modern technologies while developing services for trading. An example of innovative software is the PsyQuation platform. Users of this service receive analysis of the trading style and detailed analytics on the main assets of the financial markets.

Advantages of the broker

• The absence of a minimum level of the first deposit.
• Availability of the official license.
• Possibility of working out of the trading strategy and training of trading on a demo account.
• Wide choice of ways to deposit and withdraw funds.

Disadvantages of the broker

• The support service doesn't work on weekends.
• Small choice of trading terminals.
• Absence of the Russian-speaking managers in the support service.

Investment programs

AxiTrader broker supports automated trading. You can connect Expert Advisors to receive trading signals to open and close trades. The company provides access to the PsyQuation platform developed on the basis of artificial intelligence. This service analyzes the situation on financial markets and warns traders about potentially unprofitable deals. Clients of the online broker can also take advantage of the possibility of transferring their capital to an experienced manager.

Affiliate Program

AxiTrader's partnership program allows the company's clients to earn in a passive mode. The broker's partners receive materials to attract traders. According to the referral program you can earn up to $850 from one referred investor depending on his/her trading turnover and deposit size. One of the advantages of the AxiTrader affiliate program is the absence of payment limits and a high passive income. The broker does not charge affiliates any interest on payments.

Legal entities may choose to partner with AxiTrader via the White Label program. It offers the possibility to open a brokerage company with the support of an experienced broker in the financial markets. AxiTrader provides the tools to establish a brokerage firm and support at every stage of business development.

Trading conditions

The cancellation of the minimum deposit made trading in the financial markets with AxiTrader more accessible for first-time investors. To start trading, you can choose Metatrader 4 trading terminal or the broker's proprietary platform, AxiOne. The Company also provides a mobile application for investing via smartphone.

AxiTrader clients claim that the broker's spreads meet the stated values and do not exceed the market average. The broker offers the opportunity to trade with up to 1:500 leverage. Use protective Stop Loss and Take Profit orders to reduce the risk of losing money. For automated trading AxiTrader supports connection of Expert Advisors.

Commissions

One of the advantages of the AxiTrader broker is the absence of commission for deposit and withdrawal of funds. The company earns from the spread, so it does not charge interest from customers for transactions for deposits and withdrawals. However, representatives of the broker warn that the commission for such financial transactions can be set by banks and payment systems.

The online broker sets competitive spreads that start at 0 pips. This figure at AxiTrader is floating and depends on the situation on the financial markets, time of transactions, news background and other factors. When analyzing the commissions, we have established that the average spread of the company in question is at $4. For comparison, the average value of this indicator at RoboForex is $6.5, and at Forex4you - $12.

Types of accounts

Clients of the broker can start investing using real or virtual money. In the first case, it is necessary to make a deposit to the trading account. For real trading on financial markets AxiTrader provides 2 types of rates:

1. Standard. This tariff is suitable for beginner traders. There is no minimum deposit on the standard account. Spread starts from 0.4 point.
2. Pro. Professional investors with big trading volume can use this account. Spread on this account starts from 0 points.

Traders with no experience in investing can open a AxiTrader demo account. The demo account allows you to make transactions in financial markets using virtual money, which reduces the risk of losing money. A demo account is also chosen by professional traders to practice new trading strategies.

Bonus Program

There is no bonus program at AxiTrader at the moment. The company does not provide rewards for active trading or registration. The only option for receiving additional payments is participation in an affiliate program. The broker also does not have a contest program for investors.

Training materials

The online broker has developed a training system for trading from scratch. The company provides courses and detailed guidance on investing in different asset categories: Forex, gold, cryptocurrencies, CFDs. The training program also includes seminars and e-books which can be downloaded at axi.com or obtained from the manager upon request.

Active traders can use analytical tools to make financial market price forecasts. Current news and analyses of financial instruments are published on the online broker's blog. You can also contact AxiTrader managers for additional materials.

Security guarantee

Axi broker is supervised by several financial regulators in different economic regions. Individual divisions of the company are licensed by the FCA, ASIC and DFSA. The list of powers of financial regulators includes auditing, detecting irregularities and resolving conflicts between the broker and its clients.

The company encrypts traders' financial and personal data. All personal information of investors is stored in closed databases inaccessible to third parties. In case of bankruptcy, the broker has a compensation fund. Trading funds up to $1 million are automatically insured by the brokerage company.

Funds depositing and withdrawal

AxiTrader works with popular payment systems: FasaPay, Neteller, Skrill, Boleto, PIX. You may use them for depositing and withdrawing funds. You can also use debit and credit cards or transfer money through a bank.
Time to credit the account depends on the chosen payment system. On average, it takes 1-3 business days. To withdraw your funds, you need to file an application for withdrawal in your personal cabinet. The broker's financial department takes an average of 1 to 2 business days to process the withdrawal request. In case of withdrawal via bank the transaction may take 2-5 working days.

Customer support

AxiTrader support team works 24 hours a day, 5 days a week. To contact the manager, the online broker offers several phones that traders living in different countries can call. On the company's website, in the "Help Center" section, there is a section with answers to popular questions from traders regarding registration, trading process, rules of cooperation with the broker.

Overview of the personal cabinet

To start working with the broker, it is necessary to register on the company's website and leave your contact information in the online form. For authorized traders, the manager will provide a password and login to the personal Axi cabinet. There is a tab for verification in the personal office. Provide copies of personal documents to confirm identity and place of residence.

Your personal account displays all information on trading and financial operations of each Axi client. You can monitor the account balance and apply for withdrawal of funds. For the partners of the Internet broker in the personal account there is a section with a detailed report on affiliate affiliate links and statistics on affiliate payments.

Contacts

Customer reviews of AxiTrader

Customer reviews about AxiTrader confirm the broker's responsibility in financial matters. The company quickly processes withdrawal requests and provides advice in several languages, including English, German and Italian. The disadvantages of the online broker can be attributed to the lack of Russian-speaking support service.