Axi Canada – Multiple Markets and Free Deposits and Withdrawals

Trading platforms have become a staple in our financial landscape. With more investors looking for easier ways to earn profits and thrive financially, trading platforms provide unparalleled access to the markets and allow them to enjoy greater convenience and efficiency.

Among the most popular trading platforms available in Canada is Axi – an Australian-based trading service that offers traders a suite of tools and high-quality features. For Canadian traders looking to get started with Axi, this review will provide valuable insight into the platform and its workings.

What Is Axi?

Investors in Canada can trade in various markets and asset types with the help of Axi, a broker and trading platform. The platform, built in 2007, is a subsidiary of AxiCorp Financial Services Pty Ltd.

Cryptoassets are highly volatile unregulated investment products. Always consider the risk of loss before proceeding. 

Axi, one of the best trading platforms, is remarkable because of its user-friendly interface and low fees and commissions. In this Axi review, we’ll explore the trading platform in-depth and reveal all its features available to Canadian traders.

Supported Assets in Canada

Axi offers Canadian traders access to different asset classes – including cryptocurrencies, indices, precious metals, and shares. contracts for difference (CFDs). The platform’s crypto offering currently expands into traditional crypto assets and crypto contracts for difference (CFDs) – derivatives that allow traders to enjoy the right to buy or sell coins at given prices and particular times.

Axi’s crypto offering is also broken down into assets in the decentralized finance (DeFi) space and coins associated with smart contracts.

Across all of its markets, Axi allows users to access over 150 individual assets. This is competitive with several top platforms, and Axi’s versatility makes it especially great for traders who want to diversify their portfolios.

Canada Account Types

Axi allows traders to choose between two primary account types. The platform has a Standard account, which allows traders to enjoy commission-free trades and a minimum spread of 0.4 pips on their trading positions.

Axi has a Pro account, which charges $7 USD per round lot in trading commissions. Spreads on the Pro account also start as low as 0.0 pips on trades. This makes the account especially ideal for algorithmic traders and scalpers.

Axi also features an Elite account, which it reserves for its high-volume traders. The account has a commission structure of $3 USD per round lot and spreads starting from 0.0 pips. Users in this category can access several impressive features, including optimised market analysis tools and Axi’s Virtual Private Server (VPS).

Platform Features

Axi comes packed with amazing trading tools. Starting off the rack is its MetaTrader4 (MT4) NexGen trading terminal. The platform is especially popular among traders, offering over 100 tools for them to leverage, compatibility with online libraries, and a straightforward user interface. Axi’s MT4 NexGen takes this even further by enabling enhanced ordering, sentiment trading, and an automated trading calendar.

To increase the profitability of investors, Axi offers a powerful software called Autochartist that automatically scans the market to spot trading opportunities. Autochartist also provides detailed performance statistics that help investors track their trade setups for six months.

Other platform features include the PsyQuation tool for minimising trading mistakes and identifying an asset’s possible strengths and weaknesses.

Deposit Methods

Having access to multiple deposit methods promotes flexibility. Axi gives investors several ways to fund or withdraw from their trading accounts. The platform supports the top payment solutions like bank transfers for all regions it operates in, crypto deposits, credit/debit cards, and e-wallet solutions like Skrill, FasaPay, POLI, Neteller, and several others. There are also specific regional transfer options and their accompanying deposit minimums. Each deposit method has its supported currency and withdrawal timeframe.

Axi Fee Structure

Fees are essential for every trading platform’s survival. However, over the past few years, several platforms have saved traders cash in charges and commissions. Axi’s fees are broken down below:

Account Type	Average Spread(EUR/USD)	Round Turn Commission (USD)	Total Cost Per Lot (USD)
Standard	1 pip	0	10
Pro	0.1 pip	7	7

Axi’s suite of non-trading fees is also attractive. The platform allows users to deposit and withdraw funds entirely for free. Account opening is also free, and there are no maintenance fees.

However, Axi charges an inactivity fee of $10 USD. The fee will kick in after a year of inactivity and will be charged monthly. The cool thing about Axi is that crypto trading is commission-free, meaning no fees on trading digital assets.

Axi Trading Features

This section highlights the breakdown of some of the primary trading features offered by Axi.

Canadian Demo Account

Axi users in Canada can access demo accounts. The demo account gives traders up to $50,000 USD to test their trades and strategies. It lasts 30 days. The account becomes inactive after this period.

Leverage

Traders looking for the best trading services consider leverage. Axi’s leverage feature enables traders to borrow money to trade.

Axi allows 500:1 leverage. Some countries can’t leverage this much, but not Canada. Bitcoin trading has a lower leverage ratio. 200:1 max leverage.

Help Desk Support

Axi offers phone, email, and live chat support. Their support system is available 24/7 during the week, so traders can always get help.

Copy-Trading

Axi’s copy trading platform, AxiCopy, enables users to copy others’ trades. AxiCopy works for all AxiTrade asset classes and assets.

Research and Education

Traders looking to improve their skills and knowledge have access to a wealth of resources on Axi. The platform’s main learning feature is the Axi Academy, which offers a full suite of learning tools.

Axi Academy offers metals, forex, cryptocurrencies, and stock courses. Traders can also use the Axi Blog, webinars, seminars, and free eBooks.

Axi Review: Conclusion

It’s easy to see why many traders want to trade with Axi. The platform has stepped into a highly competitive space where other trading services are present and thrives quite well. With an easy-to-use interface and competitive fees and commissions, Axi is highly impressive.

Cryptoassets are highly volatile unregulated investment products. Always consider the risk of loss before proceeding.