When using the same asset, Axitrader permits two trades in opposing ways. When you have open Buy and Sell trades in the same asset, you’ll be required to pay half of the usual margin amount. Individual users receive Negative Balance Protection, which guarantees they will not lose more than what they’ve invested with AxiTrader. To minimize confusion, customers have a single brokerage account with AxiTrader but can have many subsidiary profiles in the shape of trading software logins. Axitrader is not a fraud but has been recognized repeatedly for its dependability, offering low-risk Forex trading.
Simply send support a request and they can switch your account over for you if you follow the Muslim faith. You can trade commodities without needing to purchase the physical asset as you are simply trading on the price movement of the underlying asset or instrument.
Open your account. Trade within minutes.
In addition, the broker offers access to cryptocurrencies – Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin and Ripple. Axi does not have a minimum deposit amount as it gives traders control over how much to deposit and how they wish to build their portfolios. It is only a matter of the payment Forex brokers processor that you wish to use that determines the minimum payment amount. A good bonus is much better since many top brokers charge an inactivity fee when you do not trade. The term "overnight fee" is commonly used by brokers and is a charge assessed when a position is held overnight.
- On the other hand, the platform does not charge transfer fees, and spreads on all Axi accounts are considered very competitive.
- All information on 55brokers.com is only published for general information purposes.
- We use over 50,000 data points and a consistent, fact-based methodology.
- However, the demo account features both a standard account and a pro account in a dummy version.
- Suggest that Axi’s fee is low compared to other best forex broker.
Also, UK-based retail clients’ funds are insured via the Financial Services Compensation Scheme in the event of broker insolvency, as we discussed earlier in the review. Live Chat – This is an interesting channel that allows you to chat with the broker’s support team live.
Trading fees and other costs
Axi’s MetaTrader mobile app for Android devices is user-friendly and offers all the major features with flexibility axi com and portability. For example, it features real-time interactive charts with popular technical indicators.
You should consider whether you can afford to take the high risk of losing your money. Also, Axi offers training and free https://forexreviewdaily.com/ educational materials every trader needs.The company has online education programs, tutorial videos, and free webinars.
In total, seven commodities are available for trading on the platform. As part of this Forex brokers selection, there are three metals to choose from – gold, silver, and copper.
Axi review and test – How good is the broker?
These multiple markets help traders to diversify their portfolio in many ways. Besides, investing in different markets also helps to recover any potential loss from any volatile markets such as forex. PsyQuation Premium is another unique tool that is available for the Axi traders who have https://forexreviewdaily.com/axitrader/ a minimum balance of $500 and trade at least one regular lot each month. It provides comprehensive forecasting, a variety of trading signals, and quantitative analysis. Besides, PsyQuation buzzes the traders if there are any mistakes in their strategy and help to grow as a matured trader.
To help give you a sharper trading edge, our pricing engine directly connects with 20+ top liquidity sources. When combined with our superior network technology, this allows us https://forexreviewdaily.com/ to offer lower pricing that’s delivered faster, refreshes faster and experiences fewer outages. VPS provides the automated trading solution 24/7 via the MetaTrader 4 platform.
What you need to keep an eye on are trading fees and non-trading fees. Featuring no swap fees or interest payments, https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work this account is the ideal solution for those who are unable to earn or pay interest due to religious beliefs.
Good to note, that not all MT4 platforms created equal, as the broker may invest into a co-located server and fiber optics, in order to process more accurate trading or not. As a client, you may also enjoy the possibility to have account base currency in GBP, USD, EUR, CHF or PLN and deposit funds in those major currencies as well.