□ Forex Broker: AXI
□ Headquarters/License: Australia licensed by the ASIC (318232) | The United Kindom licensed by the FCA UK (509746)
□ Customer Support: 24/5 via EMAIL | PHONE | LIVE CHAT | CALLBACK
□ Minimum Account / Fund Methods: 10 USD via BANK WIRE | VISA | MASTERCARD | BPAY | SKRILL | NETELLER
□ Trading Leverage: 30:1
□ AXI Forex Pairs: 50 Forex pairs plus Precious Metals, Equity Indices, Commodities, and Crypto
□ AXI Trading Platforms: MetaTrader-4 (in several versions)
□ Trading Spreads: 0.0 pip on EURUSD (Pro Account)
□ Trading Commissions: $7.0 commissions per full traded lot (Pro Account)
□ PAMM/MAM Accounts: MAM
□ Social Trading: Myfxbook AutoTrade
□ Islamic Accounts: YES
□ Free Forex VPS: YES
□ AXI Promotions: Free Autochartist
INTRODUCTION TO AXI
AXI is an ECN Forex broker founded in 2007 (known in the past as AxiTrader). The broker is headquartered in Australia, licensed by the ASIC (318232), and in the United Kindom, licensed by the FCA UK (509746). You can access 150+ trading products via MetaTrader-4.
◘ CUSTOMER SUPPORT: Phone, Email, Live Chat, Callback
◘ ACCOUNT MANAGER: YES
◘ WEBSITE LANGUAGES: English, Arabic, French, and 10 more languages. The customer support is multilingual too.
AXI TRADING PLATFORMS & FEATURES FOR AUTO-TRADE
AXI offers the classic MetaTrader-4 platform from MetaQuotes in several web and mobile versions:
- MT-4 Desktop and MT4 WebsTrader
- MT4 mobile traders for iPhone and Android
AXI Automated-Trading Overview
Through MetaTrader-4, AXI provides a wide selection of Forex pairs and several CFD products:
- AI-powered PsyQuation
- Very tight spreads and low trading commissions
- Fully allows algorithmic trading and scalping
- Free VPS for using Expert Advisors
- Offering FIX/API
- Free Autochartist for pattern recognition
- Offering MAM accounts
- Myfxbook AutoTrade and ZuluTrade for social trading
AXI PsyQuation Coaching (Free)
PsyQuation works like a private trading coach. It analyses each trader's history and helps the profitability of every portfolio by recognizing potential mistakes.
- Data-driven identification of strengths & weaknesses
- Minimizes mistakes by harnessing the power of performance analytics
- Compare your PS score with top traders
- Continuously analyze your trading style and performance
- Build your score by measuring Skill, Risk, Behaviour, and History
- Track your progress and predict your future performance using Artificial Intelligence
- Tailored risk alerts (via an app, email, or SMS)
- Free for all AXI clients (Live and Demo accounts)
AXI FINANCIAL INSTRUMENTS
AXI offer a very wide asset index containing 50+ Forex pairs plus many financial instruments via CFDs.
- 50+ Forex Currency Pairs
- Gold and Silver
- Energies
- 10+ Equity Indices
- Soft Commodities
- Cryptocurrencies
AXI ACCOUNTS
◘ Trading Leverage basically 30:1, and depending on the country of origin, up to 400:1
◘ Minimum Deposit: 10 USD for Standard Accounts | 1,000 USD for PRO Accounts
◘ Account Currencies: AXI accounts may be opened in Euro, US dollar, Pound Sterling, and 7 more currencies
◘ Funding Methods: BANK WIRE | VISA | MASTERCARD | BPAY | SKRILL | NETELLER
AXI Accounts |
Standard Account |
Pro Account |
Min. Deposit |
$10 |
$1,000 |
Trading Platforms |
MT4 |
|
Number of Forex Pairs |
50+ Forex Currency Pairs |
|
Typical Trading Spreads (EURUSD) |
1.1 pip |
0.0-0.1 pip |
Trading Commissions |
NO |
$7.0 per full-traded lot |
Automated Forex Trading |
YES FULLY |
|
Forex Scalping / Hedging |
YES FULLY |
|
Open Account |
AXI MAM ACCOUNTS
AXI MAM Accounts allow trade sizes from 0.01 lot and offer 6 different allocation methods:
- Percentage Allocation
- Lot Allocation
- Equity Proportional Allocation
- Equity Percentage Allocation
- Balance Proportional Allocation
- Equal Risk Allocation
Trading Orders: Market Orders, Stop & Limit Orders, Trailing Stop Orders, and Close All Orders
AXI REVIEW KEY POINTS
AXI is an ECN Forex broker based in Australia and the United Kingdom. The broker is fully licensed by ASIC and the FCA UK and offers full client bank account segregation. Their customers' support is 24/5 and very responsive via Live Chat, Phone, and email. They offer multilingual support and over 10 languages via their website
One of the great advantages when trading with AXI is competitive trading terms. The spreads when opening a Pro Account start as low as 0.0-0.1 pip on EURUSD plus $7.0 per full-round lot commissions. The standard account offers spreads as low as 1.1 pip on EURUSD without trading commissions. The minimum deposit to open a standard account is just $10, however, you need $1,000 to open a Pro account. The funding methods include Visa, Mastercard, Bank Wire, and internet wallets (Neteller, Skrill, BPAY). You can open an account in EUR, USD, GBP, JPY, and 6 more different currencies.
The asset index contains more than 50 Forex pairs, plus energy assets, stock indices, soft (agricultural) commodities, precious metals, and cryptocurrencies. The broker only provides the MetaTrader-4 platform in desktop and mobile versions. Automated trading, scalping, and EAs are all fully allowed and AXI offer also a free VPS and a FIX/API. There are also MAM accounts and social trading via the Myfxbook AutoTrade. There is also a very innovative trading tool called PsyQuation, which works like an electronic coach making suggestions and building each trader's profile and score.
Overall, AXI is a nice place for automated trading offering very tight spreads, good order execution, and safety of trading funds.
There are two options for news accounts:
(a) FCA UK: that protects against negative balance, FSCA guaranteed, and trade leverage up to 30:1
(b) SVG: WITHOUT protection against negative balance, and trade leverage up to 400:1
» OPEN AN ACCOUNT AND START TRADING WITH AXI
□ AXI.com Review
ForexRobots.net
■ REVIEW BROKERS: » IC Markets (CFDs) | » RoboForex (ECN) | » PLEXYTRADE (STP) | » FP Markets (ECN)
■ COMPARE BROKERS: » ECN/STP Forex Brokers