So, when the bid and ask prices of the currency pair changes, the spread will change too. Axi offers a well-rounded educational program, making it https://forexarena.net/ a good choice for beginner traders. The third-party PsyQuation trading analytics platform also provides an excellent tool to make traders better.
The edge for thousands of traders in 100+ countries
The currency pairs are always shown against two prices – the bid (sell) and the ask (buy) price – and the difference between these two numbers is called the spread. We deliver this best spread pricing to our clients through investments in technology. Axi processes withdrawal requests within one to two hours, ensuring traders get swift access to their capital without complications. There are no internal fees, but third-party processor costs apply. I recommend traders check with their preferred one to ensure the most cost-efficient method.
Most popular currency pairs to trade
- AxiTrader is not a financial adviser and all services are provided on an execution only basis.
- A pip is the unit of measurement used to show the change in value of two currencies, and is usually the last decimal place of a price quote.
- SYDNEY, Aug. 12, (GLOBE NEWSWIRE) — Leading global Forex and CFD broker, Axi, has announced a renewal of its partnership with LaLiga club, Girona FC, for two more seasons.
- I also appreciate the swap rates, which accurately reflect the global interest rate environment, free of excessive broker mark-ups, as evident at many brokers.
- While Japanese Yen pairings go out to two decimal places, most currency pairs will go out to 4 decimal places.
Use the economic calendar to keep track of any important future events that may have an influence on the market in which you are trading. The calendar is organised chronologically, detailing any events that occur inside a day and the time they occur. You may use the filters to look at any certain day, week, or month; simply choose the unique dates you wish to observe. The top 10 largest and most valuable companies in the world by market capitalization, number of employees, revenue, earnings, and assets. SYDNEY, Aug. 12, (GLOBE NEWSWIRE) — Leading global Forex and CFD broker, Axi, has announced a renewal of its partnership with LaLiga club, Girona FC, for two more seasons.
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Axi Blog includes market research, education, and corporate updates. This area is constantly updated and provides technical and fundamental chart analysis that may be used to generate prospective trading ideas. Copy established strategies and portfolios from hundreds of traders all over the world right into your MT4 platform to automate and simplify your trading experience. Get free access to advanced trading tools, like Autochartist, to make better trade decisions. We go direct to 20+ top-tier liquidity providers and use co-located servers in key locations around the world to give you the best price and latency with forex trading. With different account options using the world-leading MT4 platform, we make it easy to trade the top forex CFD instruments.
How do we keep our spreads low?
Another unique feature I want to point out is AxiSelect, a program that funds talented traders with up to $350,000. The Axi Community completed an excellent set of value-added services at Axi, all intended to promote better traders. Myfxbook Autotrade is a one-of-a-kind social and copy trading community programme that encourages collaboration and idea-sharing. It accomplishes this by linking forex traders to their forex trading accounts. Users may follow other traders or enable other traders to follow them by linking to Myfxbook.
See our bid/ask prices and spreads across all our currency pairs, including majors, minors, and exotics. Boost your platform with our unique set of plugins specifically developed for Axi clients. MT4 NexGen provides you with enhanced ordering, sentiment trading and management tools. Axi provides traders with 50 currency pairs, six cryptocurrency pairs, 20 commodities, and 31 index CFDs. Equity CFDs are notably missing, which is a negative in my book as I trade them, but Forex traders have a good selection. Axi offers some of the best swap rates industry-wide, something I urge traders to consider who keep positions open overnight, as it makes a notable difference.
Once you have opened an Axi trading account and are ready to trade forex online, you can deposit funds via credit card or bank transfer. You can also use Neteller, SKRILL, PIX, Crypto, Przelewy24 or Bankwire. Trading forex with Axi gives you a number of advantages, including utilising leverage and competitive spreads.
Axi does charge an inactivity fee, which adds to the excellent cost structure. Axi hosts weekly free webinars on a variety of topics, including market analysis, trade management, trading psychology, and much more. Whether you’re just starting started in trading or an experienced trader, there’s always something new to learn about the markets. A simple way to stay up to date on market news and major economic events is the economic calendar. Being aware of important news updates hours or days before they happen can help with your decision-making and finding the best spreads available. MetaTrader 4 is the smart choice for online traders looking to hone their trading edge.
This is beneficial for traders who need to access their accounts while on the go. MT4 mobile is free to download from the respective app stores on both Android and iOS. This is the most widely used version of MT4, with millions of traders across the world using it to trade the financial markets. Axi’s entire range of trading instruments axi review is available via the high-performance MT4 interface. Axi MT4 has the benefit of having invested in co-located servers and fibre optics for speedier trading. If you set up a Pro account for online forex trading, you will be charged a small commission of USD$3.50 per lot ($7 round trip) in conjunction with having lower spreads.
Save yourself time, money and stress of dealing with this broker. A crypto transaction with verifiable transaction hash on the blockchain? Such a shame this broker is a shady one.If deposit can be like this then I wonder if I’ll be able to ever withdraw funds if i earned profits from trading on this broker.
Choose from a variety of global markets to trade with Axi, using ultra-competitive spreads & flexible leverage to trade your edge. The price of forex spreads can fluctuate throughout the day so traders need to be aware of the things that can influence them. The most common factors include market news, liquidity and volatility. Axi offers Forex traders a well-regulated, trustworthy, and competitive trading environment. Some industry publications place it among the Top 10 Forex brokers by trading volume.
Axi offers a positive swap on EUR/USD short positions, meaning traders get paid money. You may link your mobile device to the trading platform via the MT4 mobile platform. You can see real-time pricing, place and manage trades, examine account history, monitor positions, customise charts, set alerts, and many other things.
They provide advanced trading platforms, special tools, and a trust-driven trading experience under strict Top-tier regulations of ASIC and FCA. I like the trading experience at Axi as the Pro account offers raw spreads from 0.0 pips for a commission of $7.00 per round lot. I also appreciate the swap rates, which accurately reflect the global interest rate environment, free of excessive broker mark-ups, as evident at many brokers. While the asset selection is limited, I think Axi is an excellent choice for pure Forex traders with 75 currency pairs. Our forex trading platform is able to provide competitive spreads thanks to our network of tier-one prime brokers and liquidity providers; global banks and financial institutions.
For your information, a ‘spread’ is the small cost built into the buy (bid) and sell (ask) price of every currency pair trade. It is also known as ‘markup’ and can also be explained as the cost of trading. The benefit of trading on the foreign exchange is that spread costs are generally very low but it’s always good to shop around to find the lowest spreads. Minor currency pairs, or ‘crosses’ as they are sometimes called, are pairings that don’t include the US dollar and are traded much less frequently then the majors. Examples of minor currency pairs include EUR/AUD, EUR/CHD and GBP/AUD. Unlike indices spreads where the spread is fixed, forex spreads are variable.