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is axitrader com legitimate or a scam?

This account covers the full market and allows you to trade Forex, Commodities, and CFD Indices from a single trading terminal. It is easy to use and has fast execution with the feature of MT4’s one-click trading. It enables you to track your progress with comprehensive trade history and improve with analysis too. It gives you access to the same depth of pricing as institutional businesses like banks, financial institutions, and hedge funds. With this account, you can run your strategy across multiple currency pairs by taking advantage of low spreads across both major and minor currencies. It has a positive slippage where you’ll receive the benefits of positive slippage and better trade prices with the help of AxiTrader’s price improvement technology.

It’s a shame that a good trader like Axi is offering only one trading platform despite it being the best in the market. There is, for example, MT5 which is an upgrade from MT4 and other platforms. In my opinion, it might be the broker wanted to focus their efforts on 1 platform and put all the tools and details in only one place to make it easier for the customers.

Please bear in mind that these resources provided by Axitrader do not guarantee any results when trading. When we checked on the Axitrader website, these educational resources were not available in every language. Also some financial instruments mentioned in any Axitrader educational resources may not be available in your region. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account.

What funding methods does AxiTrader accept?

Next on our list of the best IC Markets alternatives is RoboForex. With this broker, you can trade a wide variety of assets, and their main advantage is the low minimum deposit of just $10. Additionally, your funds are very safe as the IFSC Belize officially licenses the broker.

Limiting Your Risk When Trading with Axitrader Negative Balance Protection

ASIC-regulated Forex brokers must hold a minimum net capital of AUD 1,000,000 to protect investors from bankruptcy or unexpected events. Something else that you will most likely want to make use of is the Economic calendar. These are pretty standard for Forex traders and is used to mark all the important Economic announcements that are coming up over the coming weeks / months.

Axi MT4 Multi Account Manager

Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Axitrader trading instruments available and the regulations governing them based on your account holder, location, and chosen platform. As explained in the section above, AxiTrader has many advantages for traders, such as no deposit, withdrawal, or inactivity fee. Nevertheless, like every other broker, Axi also makes a profit from each of your trades. They do it in the form of added spreads and commissions per trade. The exact spread depends, and the instruments you trade, and the commission will mostly depend on your account type.

Axitrader Commission Fees

As a novice i have learnt quickly from my own mistakes and with the help of Axi, i still have a lot to learn so i will keep using them. I just got signed up with this broker but so far it looks very professional and trustworthy. I was confused about how to create another existing MT4 account and Mr Ruben patiently guided me along to cater to what my needs. Its also offer great reward and I believe its life changing program. Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews.

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. It will give you a list of helpful explanations and descriptions that can break some of the jargon that you will encounter when trading on any forex trading platform.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Axitrader leverage magnifies both profits and losses in trading. The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Axitrader traders can navigate the platform and find the axitrader review information they need to make informed trading decisions. Autochartist on the Axitrader platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

These tools can be said as the main ingredients for having better or good results. Charting helps traders track and watch asset price movement and market volatility in making their trades. The Next Generation of MT4, or what Axi calls ‘Axi MT4 NexGen’, is an advanced MT4 platform that embodies advanced management tools. This platform is more developed, with more features to enjoy for professional traders. With this platform, you can gain insights into live market trends by viewing how others are trading using its sentiment indicator. AxiTrader MT4 Platform is available on desktop (as well as web), Mac, and mobile.

Based on these reviews

These are both spot CFDs as well as a selection of CFDs on Futures (future price). There are other fees that you are likely to incur that are related to the CFD product. These include a “swap fee” that is used to adjust for interest rate differentials between the two base currencies. Cryptoasset investing is highly volatile and unregulated in some EU countries. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. We have spent years researching the best alternatives to Axitrader.

Scammers employ persuasive tactics to convince you to make an initial minimum deposit. They entice with promises of doubling the deposit within 24 hours and similar claims. After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds. The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises. Smooth transition to new portal I received quick feedback as to how to shift to new portal after closing my previous accounts.Closed my old accounts and received funds from these accounts. Also, it was shown throughout this Axi trader review, that the funding methods are quite various where you get to choose the most suitable channel for you.

This is helpful for traders to manage their risk around potentially market moving news. It can also be used by those who like to trade using an event driving strategy. They will trade the excess market volatility created by misses or overshoots of the forecasted numbers. In order to further sweeten the deal for all of the traders, Axitrader has built in integrations for a number of third-party trading services. For those traders who are constantly on the move, you will be happy to know that MT4 platform is also supported on your mobile device.

Do not invest with Axitrader unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. In the trading world, brokers like Axitrader, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don’t require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.