It makes use of some of the most sophisticated algorithms which will analyse your own personal trading style to give you hints and tips about how to improve it. You can also make use of some of the other neat features on Zulutrade including an account management suite that is equipped with advanced risk management tools. For example, « Zuluguard » is a risk management tool that will protect you from extreme volatility.
- Nevertheless, it is still very useful, especially if you are a newbie, because it helps you get started with the MetaTrader 4 software.
- Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
- Axi is a member of the Financial Commission, which is an independent entity that deals with external dispute resolution.
- This Axi review was based on our trading platform comparison, focusing on broker features as a focal point.
- The online broker space is littered with examples of pretty awful customer service.
Secondly, although they do offer cryptocurrency trading, the margin levels are very disappointing. With an 80% margin on all crypto pairs, it means that you are only getting an effective leverage of about 1.25x. For those traders who want more leverage they should try the likes of IQ Option and Plus500. Once you have created an account at Duplitrade these signals will be sent directly to your Axi trading account in the MT4 interface.
Discover popular markets to trade
Fundamental tools, training resources, trading education and expert coaching to help you continuously improve. This is different from investing in physical gold where you would only make a profit by selling the gold for more than you bought it for. To download the Axi trading app on an iPhone, please go to the App Store here and click ‘GET’.For Android users, please go to the Google Play Store here and click ‘Install’. We will be launching ‘real money’ trading before the end of this calendar year and you can register your interest, so that when we launch you will be the first to know.
If you do not have an account then you can easily create one straight from the AxiTrader website. While it is great that you have so many options for trading with the MT4, we would suggest that you err towards the computer client. This axitrade is because it is easier to complete your charting on this and there is also much less latency than there is on a web version. The MT4 platform is available to either be traded through your web browser or on the computer client.
Commissions & Fees
The broker offers several educational videos which the registered traders can watch free of charge and get enlightened. The broker offers some of the best trading conditions to beginners and experienced traders, as well as high volume traders. For this purpose, they must set up a profile within the app that is separate from their main account with the brokerage. They can then start filtering the traders they want to follow and mimic based on different criteria like types of assets traded, risk tolerance level, and profitability. App users can also choose to become signal providers themselves so that other customers can follow and copy their trades. They have an extensive track record in the industry and are well known for their relatively attentive customer service and extensive asset coverage.
CFDs are most commonly used as a way of trading assets like share CFDs, gold, oil or other commodities without having to physically purchase that asset. Finally, the broker has bagged several industry awards from Forex-Awards.com, Atozmarkets.com, ADVFN International Financial Awards, and more. Some of the awards include Best MT4 Forex Broker, Best Forex Broker Europe, Best Forex Broker Middle East, and Best EMEA Region Broker. Commodity trading is the buying and selling of raw materials, such as crude oil, wheat, corn, rice, and so on, which are important to the global economy. Crude oil is the most traded energy instrument on this broker’s platform. And since share CFDs also allow you to apply leverage, you don’t need large amounts of capital to gain the benefits of trading some of the world’s biggest stocks.
Spreads & Commissions
This is actually quite an impressive list of services that range from trade copying software to social trading and trade analytics software. Some of these services are also well known to more professional traders. In terms of the trading platforms and technology at AxiTrader, they make use of the MT4 software. Most traders will no doubt be aware of this platform and many will have used it at other brokers.
To mitigate that, Axi goes directly to over 20 top-tier liquidity providers and uses co-located servers in key locations worldwide. As a result, the broker makes use of a shorter, therefore faster, connection. This simple approach results in faster execution, more accurate pricing, and minimal slippage. Another benefit of Axi’s execution model is direct order filling with no requites. An index is a financial product that tracks the performance of an entire market, a market sector, or a specific group of assets. Trading indices is generally considered safer than trading individual stocks since no single company can sharply influence the overall price of the index.
5: Personal Details
Not only will it analyse your trading history and make suggestions around this but it will also make use of the reams of trading data that it has gathered over the years. This could help you by making suggestions which could significantly improve your trading performance. When you have it open and you spot a potential trading opportunity, you can quickly hit the « view » button and it will open the chart in question. This will allow you to quickly place the trade should you still find it favorable. Alternatively, if you do not want to wait for a response on the email then you can always speak to them over live chat.
It will also give you tools in order to better analyse the returns of the other traders on the platform. Duplitrade allows you to automatically duplicate the actions of other expert traders on the platform directly in your trading account. These traders will be chosen by Duplitrade based on their database of successful traders. Something else that AxiTrader has included free for all of their clients is their Autochartist. This is a tool that will scan the market and look for potential trade opportunities or profitable setups based on resistance levels.
For those who are uncertain, they can start with the demo account and move their way up. You will also have financing or « overnight » fees that are charged on those positions that are kept open overnight. This will vary depending on the interbank interest rate that is being applied on the currencies at the time. AxiTrader will charge their own spread to this which is +1.25% for a long position and -1.25% for a short position. As most traders may know, fees are one of the most important criteria when it comes to choosing a broker.
Traders can choose a major base currency for their account from the AUD, USD, JPY to Euro. Deposit options for client funds include bank transfer, credit card, MasterCard, Skrill, BPAY, China UnionPay, bank wire transfer, MoneyBookers to Neteller can be used. For people having AUS bank accounts, the withdrawals do not attract any type of commission. However, the broker can charge anywhere between 15 and 25 dollars for people having international bank accounts. All the deposits are processed instantly while the withdrawals can take up to 5 days to settle. Our Axi review above explains the wide range of financial instruments for trade like oil, silver, gold, CFD, etc.
Overall, Axi fully complies with the regulatory standards imposed by some of the top financial regulators in the world. However, it’s worth mentioning that in Nov 2019, New Zealand’s financial regulator suspended AxiCorp licenses for not complying with the Financial Markets Conduct Act 2013. As a result, New Zealand retail traders can’t apply for an Axitrader account because Axi has stopped offering its services in this jurisdiction. Over 60,000 former Axitrader clients with live accounts from over 100 countries have continued to trust Axi with their online trading operations. Axi does lack a few CFD trading services such as stockbroking and Shares CFD services. This means that you will need to find a share trader provider in addition to Axi as your CFDs provider.