According to the broker’s website, it is said that there is no minimum deposit amount. However, AxiTrader recommends investing at least $200 if any benefits are to be reaped from your trading sessions. A regular AxiTrader account includes everything that is required for successful trading. Data supplied in partnership with CashBackForex – Forex Rebates places Axi on the top 20 brokers for popularity with traders opening an account in 2020.

• For Forex, commodities, and shares, this volume is $10 million notional volume .
• All forex traders, and we do mean ALL traders, LOSE money on some trades.
• However, the company delays this process in any way, promises and provides false information.
• The brokers accepts no responsibility for any such bank fees.
• Demo accounts have all the same features that a standard account offers, including real-time charts and quotes for hundreds of financial assets.

Axi maintain smooth liquidity and promt communication newtork. So, it is most reliable to me now.I like to continune my trading business with Axi and also request others to justify this broker at least one time. I have been with AXI for two years and my experience has been nothing but awesome.

At the time of writing this article the Aussie dollar has found some support at around the US75.50c level which it reached last time in June of this year. This factor will hurt the Aussie dollar’s attractiveness as a high yielding currency which has been a major factor in supporting the currency in recent times. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.

What Is Financial Leverage?

Overall, on our Axi review, the broker scores a great 4.6 out of 5 as it is a good choice for traders looking for a reputable broker with good regulations in place and safety of funds. On the minus side, the overall cost of trading with an Axi Standard Account could be improved to match the trading costs of other top brokers with more competitive spreads. On the plus side, the availability of the AxiOne trading platform is something unique that could be a decisive factor to satisfy more tech-savvy potential customers. Dowmarkets also offers an option to open an Islamic forex account.

Dowmarkets grants traders this award when they make a deposit to their account. This award is offered entirely forex trading at Dowmarkets’s discretion. Demo accounts have all the same features that a standard account offers, including real-time charts and quotes for hundreds of financial assets.

Is Forex Trading in Canada Legal?

To become a Premium Trader, you have to cross a Volume Per Month threshold. For Forex, commodities, and shares, this volume is $10 million notional volume . Axi’s trading spreads are, in general terms, low and in line with the spread and fees structure of other brokers. With a Standard trading account the typical spread for the EUR/USD ranges from a minimum of 1.0 pip to an average of 1.3 pip, without any trading commissions. We consider this spread to be average when compared with other top brokers.

• Trading with Axi can be done via the Metatrader 4 and AxiOne, Axi’s own proprietary platform.
• Axi offers trading via Metatrader 4 and their proprietary platform AxiOne.
• We consider this spread to be average when compared with other top brokers.
• Quite noticeably, the bears were struggling to make a move out of the red Ichimoku Clouds.

At the https://forex-reviews.org/ of inception of my trading – Axi was not well known to me . I traded other famous naming broker.Thouth they gave commission, cash back facilities and items facilities but they shows major liquidity problems. Now and then cut big amout of commission specially mid- night .

If you have worked with this broker before, please leave your own review in the comments. This will help other users see the truth about this particular company. Mubashir Abdullah says that he has been working with AxiTrader for 10 years and is completely satisfied with the service.

The Trustpilot Experience

According to this broker, it takes fund security very seriously. In addition to its dual-body regulation, its client funds are kept segregated in trust accounts with an AA-rated bank in Australia. The minimum withdrawal amount varies depending on the selected payment method. For instance, banks do not process payments that are less than $50. Some options have no limitations, some have a minimum amount of $5.

However, there are several additional things Forex traders should be aware of when using leverage. There are quite a few trading and investment tools to note with Blueberry Markets. These include the broker’s educational tools, as well as Premium Trader and DupliTrade. There are over three-hundred instruments from which to choose at Blueberry Markets. These include Forex, Share CFDs, Crypto CFDs, Commodities, Metals, and Indices.

For this reason, Axi client’s funds are kept in top-tier international banks, such as the National Australian Bank and Lloyds Bank, fully segregated from the company’s funds. My accounts manager reached out to me and was efficient to resolve the issue I was facing on my account! I’ve made a request to withdraw my commission and I know it should go through given Axi’s reputation as a global broker. Once you complete your application, you will receive an email from us containing your login details, which include your trading account number , password, and the server your trading account is located. But recently, I conclude to stay with axi due to their faithfulness and timely service delivery. If you’ll experience any issue again, please do not hesitate to contact us directly at Our team is always ready to assist you and address any issues you may have.

worst forex firm I ever seen

However, the amount varies according to the payment method you choose and your trading account validation status. You can read more details about the deposit and withdrawal process in the Members Area. We offer MICRO trading accounts, where 1 micro lot is equal to 10 USD cents. However, your deposit is always visible in the actual amount, e.g. if you deposit 100 USD, your trading account balance will be 100 USD. Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have. A broker may dowmarkets charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

Leverage is a facility that enables you to get a much larger exposure to the market you’re trading than the amount you deposited to open the trade. Minimum deposit – Opening a trading account with Axi is very easy, all can be done via the web. Of course, with a zero balance, Axi’s customers will not be able to open any trades. But will enable Axi client’s to have a real feel for the broker’s trading platforms, how the spreads widen on high impact news and for the overall trading conditions. Withdrawal requests are turned around within two business days.

Hi Firu, thank you for taking the time to leave us a review. We have forwarded your concern to our Affiliate Team and they are now looking into it. Please be assured that we are doing our best to resolve this as quickly as possible. You guys should inform your client when you see that there is an open overnight trade.

It reflects the live axitrader review, and that is why it is a great way to get hands-on trading experience that is risk-free. The Axi Pro account is more competitive, compared with the Standard, with lower spreads. For the EUR/USD pair the spread starts at 0.0 pip, with a typical spread of 0.4 pip. To get the benefit of the lower spread, Axi charges a commission. The standard lot commission for 1 lot is 7.00 USD (3.50 USD per side, per lot), or the equivalent on your account currency. This commission is also average when compared with all the other top FX brokers.

However, the company delays this process in any way, promises and provides false information. I demand to provide me with confirmation of sending money , they refuse to do this. Prior to the ISM Index release, the traders would look for the US August Jobs data. This time, the market estimates the ADP Employment Change to record 149K vs. the last 156K. Laterwards, the Jobless and Q2 Non-Farm Productivity data releases might catch further market attention.

To reactivate your account, you will have to contact Blueberry Markets’ customer support. Most of the reviews on AxiTrader posted on trustpilot.com are positive. All negative reviews are answered, and the broker has tried everything they could to solve any issue.

AxiTrader, as many other brokers, has a free trading application for mobile devices with the most popular OS. All accounts can be accessed by using the MT4 program for smartphones and tablets. Using this account type, traders get fixed spreads starting with 1.0 pips. I’ve generally had a good experience trading with Axi for the past year until yesterday when out of the blue I get an email saying my account equity is too low and my trades have been stopped out. That makes no sense because it’s on the weekend and markets are closed. Worst forex firm I ever seen, I registered then I could not login again, am wondering system asks for Mt4 credentials while am not able even to login to my dashboard to open mt4 account!!

Dowmarkets’s XM TV is a winner, delivering excellent daily in-house market commentary that competes with industry leaders in video including IG, Saxo Bank, and CMC Markets. And, while market research is found primarily outside of MT4, Dowmarkets offers a comprehensive and quality package that will satisfy most traders. A fast-paced look at overnight developments and breaking business news affecting today’s financial markets. Blueberry Markets also provides short how-to guides about trading on the MetaTrader platform. Finally, there are video tutorials for traders who want to expand their knowledge of trading, whether they are advanced or at a beginner level.