Axi was founded in 2007 as an Australian forex broker. It launched its updated version in 2020, and now it is regulated by various financial authorities globally. Primarily it is controlled by FCA, DFSA, and ASIC. They are the top-tier authorities and protect your deposited money.
Axitrader’s minimum deposit is $0 its means no payment is required to deposit while opening an account by Axi. Therefore is the ideal broker to start your investment journey. It’s AXitrader’s way of encouraging people to try their platform without demanding any more significant initial commitment.
Axi Trading platforms:
As a worldwide broker, AXITrader chose the standardized MT 4 platform preferred by both Australian and UK clients. Meta Trader 4 is usually a good choice. The primary trading program meets the demands of both beginners and professionals.
Axi trading accounting types:
Aside from the specialized White Label service for US residents, the AXITrader broker provides two additional accounts to Europeans, Australians, and other investors.
- AXITrader MT4 Standard account: It offers 80 trading currency pairs, no minimum deposit, although an account cannot be started without a warranty of $200.
- Pro Account: Spreads as low as 0.1 are available with the AXITrader Pro account. This account has a commission of $3.50 per lot, without a minimum deposit, and the performance usually is general at $1000.
Deposits and withdrawal:
The overall Forex market is depositing and withdrawing funds. We can say it’s a kind of money circulation, so it must be seamless on both ends. AXITrade allows bank transfers, credit card payments such as VISA, VISA Delta, MasterCard, Devit Card, JCB, Maestro MasterCard, Wire Transfer to NatWest, and MasterPass.Withdrawal requests are handled within 24 hours, although it may take some time for them to appear in your wallet. The stockbroker does not charge any commissions. Surprisingly, the company doesn’t provide any e-wallets, but the credit card selection is extensive.
Axi customer Support:
If traders find a dead end and are unsure what to do, the AXITrader customer care appears to be well-equipped and gives practical guidance. Customer is provided 24 hours, seven days a week, and maybe reached by phone or e-mail, but clients can also request a return call or conversation.
How to open an account:
Axi charges cheap forex fees, no inactivity fees, and the deposits or withdrawals are free of charge. The account opening procedure is simple and entirely digital. When you register a profile, you will most likely be prompted for the appropriate details,
- A color digitized copy of your passport, driver’s license, or identification ID
- A credit card bill or credit report from the previous three months that shows your address
- Choose an account type.
- Answer a few questions to determine your degree of trading knowledge.
However, there are various drawbacks to using AxiTrader. Its product offering is confined to FX and CFDs, and its research tools are devoid of recommendations and fundamental data.
On the good side, FX fees are modest, and there is no inactivity fee. Both deposits and withdrawals are free of cost. Account opening is simple and completely digital, with no minimum deposit required, which is also a plus. Furthermore, customer service is only available 24 hours a day, seven days a week.
Feel free to experiment with Axi because the trading fees are modest, and there are no deposit, withdrawal, or inactivity fees.