Axi Financial Services Pvt Ltd, trading under the trade name AxiTrader, is based in Australia and was founded in 2007. As part of its global expansion campaign, the London office was opened in 2012 as a wholly-owned subsidiary of Axi and established as an international group company, offering retail investors financial products focused on foreign exchange. After successful operations in the early years, the company was ranked as the most trusted Australian Forex broker with a strong brand association.
Also, Axi offers the possibility to open Islamic swaps free of charge with an account that does not incur swap fees for larger and smaller foreign exchange pairs, precious metals, and symbols. Axi has an easy way to deposit money into a trading account and offers several payment methods. Each payment method has its currency that supports it.
Account Types
Pro accounts are more competitive compared to standard accounts and have lower spreads. We consider the typical spreads as average compared to other top brokers. Axis Trading spreads are generally lower in line with the spreads and fee structure of other brokers.
The Axi swap rate is 0.6% (0.8% in 2020) for the Euro / USD and is $3.80 to hold a lot of long contracts and $0.85 to hold a lot of short contracts. Here is the swap rate compared to other brokers.
The typical spread in Euro / USD ranges from at least ten pips to an average of 13 pips (plus trading commission) for standard trading accounts. For EUR / USD, the spread starts at 0.0 pips, and the most typical spread is 0.4 pips.
Extra Benefits
AXI offers traders the choice between two types of accounts, opening a demo account with the same features as trading in virtual finance or exploring the risk of losing actual funds. There are three ways to open an account with Axi: an individual account, a joint account, or a company account owned by a legal entity.
Many brokers have abandoned this practice, and Axi has embraced this trend. Traders have two options with Axi: the Standard Account and the Pro Account, both of which have raw spreads and no commission fees. The spread on the standard account starts at 1.2 pips (EUR / USD) and is commission-free. That will increase trading conditions on the pro account on excellent terms. The trader can treat both the sale and trading conditions as a larger deposit.
The only error detected during the review concerned the spread page and the account comparison, where the spread between standard accounts was listed as ten pips, and target spreads were listed as 12 pips in some sections. It was flagged as a minor oversight and has since been corrected.
Platform
The MT4 platform is widely regarded as one of the best in the industry. The company allows users to use MT4 and NexGen to enhance the functionality of the platform and improve the trading experience. The data is encrypted during transmission, and the company uses state-of-the-art software to protect merchants. Ideal for beginners and experienced traders alike, you can trust Axi. It is trustworthy for established traders with competitive trading options.
The servers are located on the New York Stock Exchange for improved trading. Axi serves all levels of dealers as it offers leading technological advances for experienced dealers and is easy to use for less experienced dealers.
Referral Offers
The following Tier 1 regulators regulate axi: the Australian Securities and Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Traders can use securities and funds following the guidelines laid down by these regulators. Apart from these provisions, Axi also takes care of customer funds. With a trust share of 8%, Axi is the average risk manager as it does not act directly and does not act as a bank.
Axitrader is an Australian trading company founded in 2007. Originally a Metatrader broker and later known as AxiTrader, it specializes in foreign exchange and speculative trading, including bitcoin, indices, metals, and commodities. Over the years, the company expanded globally, opening a branch in London in 2012 and launching operations in China in 2015. ASIC regulates axi in Australia and FCA in the UK.
Advantages
Axi-Spreads Our Axi-Spreads test showed that Axi-Spreads offer ECN broker spreads. That means that it does not use a deal desk to connect its customers to the ECN network, but you can trade with a global liquidity pool. The liquidity pool consists of 14 of the world’s leading banks. There are two types of Axi spread accounts that affect the FX brokerage costs of trading with Axi. Forex trading accounts have spreads that are larger than their pro account, and they have no commission.
Bonus Offers
With strength in the $4 range, the market offers broad foreign exchange trading. It means adding classic currency pairs such as AUD / USD, GBP / USD, and EUR / USD and smaller and exotic pairings. There are 80 currency pairs and 140 cross pairs. Small and exotic crossbreeds have more movement due to the thin liquidity and represent a significant profit opportunity – albeit with higher risk.