BlackBull Markets vs Axi year In-depth Forex Broker Comparison
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BlackBull Markets vs Axi year In-depth Forex Broker Comparison
axi forex broker

There are no maintenance fees, but traders must keep in mind the 3% deposit fee for amounts above USD 50,000 deposited each month. They have implemented KYC (Know Your Customer) procedures and requires traders to submit a valid government-issued ID, and a utility bill or another proof of address to verify their identity. Moreover, they also follow AML (Anti-Money Laundering) policies and, in certain cases, require traders to submit additional documents for withdrawals. Overall, AXI is a multi-featured and very competitive ECN Forex broker covering the needs of advanced and professional traders and especially as concerns intraday and automated traders.

  • AxiTrader has an end-to-end solution for its trading services.
  • Overall, Axi is a great broker for traders who want to get started in the Forex market.
  • Never ever use this broker, no matter how they sell their offers to you.

Around 60,000+ traders in over 100 countries trust the Axi Group for their trades. For the Standard account, the broker does not charge any commission on CFD trading of precious metals and provides spreads among the best in the industry. Using EAs and automated trading strategies, traders can customize their strategies and trade without manual intervention. Swap fees are a combination of interests that traders owe or earn when holding overnight positions in their trading accounts. BlackBull Markets notes 300+ trading instruments, but it is unclear what they are.

What is the minimum deposit at Axi?

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. Please read AxiTrader Reviews below and share live trading experiences axi forex broker with this broker. AxiTrader offers over 130 CFD instruments across Forex, Stocks, Indices, Commodities, Precious Metals, and Cryptocurrency categories.

As the broker is KYC-compliant, forex and all other market traders must perform a one-time KYC by providing the required documents. After that, they can start trading and making deposits and withdrawals without difficulty. The primary regulator of BlackBull Markets is the New Zealand FMA. BBG Limited, authorized by the Seychelles FSA, caters to most international traders with a highly competitive trading environment. Axi has primary oversight from the ASIC, but the bulk of its global business derives from its unregulated St. Vincent & the Grenadines unit.

  • The valued clients of AxiTrader have helped the brand distribute its global revenue base across multiple streams, including overnight fees and dealing spreads.
  • Retail Clients of AxiCorp Financial Services Pty Ltd are given the added protection of negative balance protection.
  • You can contact customer support by live chat, email, and call.
  • The core MT4 trading platform is available at BlackBull Markets and Axi, and neither broker presents an upgrade package.
  • The spread on this platform is floating, meaning it changes based on market conditions.
  • As its trading platform, Axi decided to focus on the popular MT4 terminal.

An oversight in the administration of this company has resulted in the suspension of its license. Users located in off-shore jurisdictions may not be subjected to this suspension order. It is difficult to confirm how the company is mitigating this issue. A free-for-all feature of AxiTrader, PsyQuation Premium, helps its clients maintain a minimum balance of $500 with monthly trading of one standard lot. It is an advanced trading tool that can provide smart forex trading signals through its comprehensive forecasting, quantitative analytics, and market indicators.

Comments & Reviews

The Axi forex economic calendar, provided to Axi through a third-party, gives traders real-time updates on the latest market news and events. The calendar covers major global economic events, such as central bank meetings, inflation reports, and GDP releases. Supported base currencies for the Standard account are AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD.

AxiTrader platforms do not require upgrades as the service delivers them with their most powerful versions. It uses MetaTrader 4 as its dominant trading platform, and this standard approach helps it attract retail traders. In addition, Axi provides several tools, such as a forex economic calendar, holiday updates, contract rollovers, dividend forecasts, and a VPS hosting service. The broker also offers access to signal providers such as Myfxbook AutoTrade and Autochartist. Overall, Axi is a great broker for traders who want to get started in the Forex market.

BlackBull Markets has no minimum deposit requirement, and $2,000 grants access to the competitive pricing environment. The core MT4 trading platform is available at BlackBull Markets and Axi, and neither broker presents an upgrade package. Traders get more value-added services at Axi, placing it ahead of BlackBull Markets in this category. I'm using Axis at the moment all is fine except that last time I lost almost 800USD due to the rollover.I asked them for the reclaim they said they can't do anything about it.

AxiTrader leverage

In addition to bank transfer, you can use credit/debit cards, broker-to-broker transfer and several electronic wallets, as well as cryptocurrencies. Axi's base currency selection is great compared to competing brokers. Axi has low fees for trading index CFDs, while stock CFD fees are average.

Who is owner of Axi?

Overview. Rajesh Yohannan is the current CEO of Axi. He previously worked at OANDA as a Managing Director and CEO. Rajesh Yohannan attended Indian Institute of Management, Calcutta.

The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. Retail Clients of AxiCorp Financial Services Pty Ltd are given the added protection of negative balance protection. This means that you cannot lose more than the amount of money invested with us.

Axi’s trading tools transform the MT4 platform into a state-of-the-art trading terminal. On the other hand, the SVG FSA is not considered a regulator and does not supervise trading or protect traders, but allows Axi to provide its traders with much higher leverage. Should they choose the FSA SVG, British clients must rely solely on the reputation of Axi as no additional measures exist to ensure client protection. However, the time to process deposits and withdrawals takes up to five business days. For security reasons, the account name must match where the AxiTrader deposit originates to where the withdrawal is being made.

It also allows them to see their trading performance via third-party audits. It allows the users to access the software’s benefits in running the server component and the client features. The client software sees the live streaming prices of forex currency pairs and displays their trend charts.

How do I trade Forex on Axi?

  1. Understand what forex trading is and how it works.
  2. Open a demo and live account.
  3. Discover the currency pair you want to trade.
  4. Select your trading platform.
  5. Open a position, monitor and close your first trade.

What you need to keep an eye on are trading fees and non-trading fees. For your information, a ‘spread’ is the small cost built into the buy (bid) and sell (ask) price of every currency pair trade. It is also known as ‘markup’ and can also be explained as the cost of trading. The benefit of trading on the foreign exchange is that spread costs are generally very low but it’s always good to shop around to find the lowest spreads. Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets. The market scanner provides statistically significant market movements and identifies important price levels that are catalysts for market movements.

axi forex broker

The major difference is that you can set alerts and notifications in the form of mobile push and email notifications on the desktop trading platform. To set alerts, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app's settings), by going to the 'Tools' menu and then 'Options'. Not all methods and currencies may be available for everyone; options may differ based on the client's residency.

From its pricing spreads to its key features, this AxiTrader review dives deep into the core of AxiTrader & highlights what the broker puts forth for its users. AXI is a well-regulated ECN Forex broker, offering over 50 Forex pairs, very tight spreads, MT4, copy-trading, MAM accounts, and a FIX/API for automated trading. The broker offers ECN trading conditions with a minimum deposit of just $1,000 on the Pro Account. The trading spreads on this account type start as low as 0.0 pip on EURUSD plus $7 commissions per full-traded lot. There is also the Standard Account that offers spreads as low as 1.1 pip on EURUSD without trading commissions.

However, trading CFDs on cryptocurrencies does have its risks as well, such as the price of the crypto dropping whilst speculating an increase in value. With Axi, traders can benefit from competitive cryptocurrency spreads and 24/7 trading. Axi offers competitive trading fees with a minimum deposit from just $0 for Standard and Pro accounts. In addition, the broker does not charge a deposit fee for the first USD 50,000 deposited each month. For deposits exceeding this amount, the platform charges a flat 3% deposit fee.

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In short, AxiTrader facilitates entry into the world’s largest financial market. The above platforms and tools help AxiTrader users stay ahead of the curve. From economic events calendar to real-time market news analysis, these tools deliver reliable forex quotes through their accurate market indicators. In October 2020, AxiTrader officially announced rebranding its company from AxiTrader to Axi.

I’m new to trading and investing, I wanted to buy Bitcoin and Ripple. Become a partner of Axi, and access cutting-edge prices to increase your profitability. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

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In 2020, the broker is compliant with several top-tier authorities. Contact us directly for further inquiries about our products and services. You can contact customer support by live chat, email, and call. Yes, Axi Broker offers a demo account with $50,000 virtual cash.

However, the domain of forex trading is not so easy for everyone to champion it. The Pro account also offers access to Autochartist and Myfxbook AutoTrade. Traders can also access the Axi Copy Trading Tool and MT4 trading platform. It is an excellent way for traders to learn from experienced traders and improve their trading performance. The Axi Copy Trading app is available for Android and iOS devices, allowing traders to monitor their positions on the go.

Moreover, they also charges a commission for Pro accounts at a rate of $7 round trip (USD) and a commission for Elite accounts at a rate of $3.50 round trip (USD). It is regulated by ASIC (Australia), FCA (UK) the FSA (St Vincent and Grenadines), DFSA (UAE), and a member of the non-government Financial Commission. Insurance up to $1 million by Lloyd’s is available for the accounts larger than $20,000. I got contact from my account manager (yeah, never had one apart from TD Ameritrade) within 30 minutes if receiving account approval. They have good plug-ins for MT4 and cool analytics tools that help you be accountable (that you should if you want to be a profesional trader). Similarly to the web trading platform, Axi provides only a one-step login.

The spread on this platform is floating, meaning it changes based on market conditions. As such, spreads can be tight during times of low volatility and widen during times of high volatility. TradingCenter provides essential information and tools for learning and trading the Global Financial Markets.

How much does Axi cost?

The current price is $0.0113 per AXI.

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