Axi: An All-in-One Broker for the 21st-Century Trader

Axi is a multi-asset broker that has captivated many traders worldwide. With its blend of attractive fees and a user-friendly interface, the platform provides an opportunity for anyone to get into the market and potentially earn profits.

Traders understand that myriad options exist when looking for trading platforms to improve efficiency. If any service expects to corner the market, it must provide an impressive suite of features that can’t be rivalled. So how does Axi measure up to other industry heavyweights, and what does it offer?

Axi UAE Review: What Is Axi?

Axi is a multi-asset broker and trading platform operating since 2007. The platform was launched by AxiCorp Financial Services Pty Ltd – a financial services company based in Australia.

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With operations in over 100 countries worldwide, Axi serves 60,000+ customers. The platform caters to the needs of experienced and newbie traders, providing exposure to several asset classes via its user-friendly interface.

Axi UAE: User Experience

Like many other services in its niche, Axi offers a user-friendly platform that allows anyone to get started easily. The platform’s signup process is quick and intuitive, and its trading interface is well laid out.

A demo account is provided for traders who want to test their trading strategies before deploying them on the open market. Although it only works for 30 days, the demo account provides a perfect simulation of the live trading feature, with traders able to access up to $50,000 USD in funds.

In addition, beginner traders looking to learn and profit from the moves of other traders can do so with AxiCopy, AxiTrade’s in-house copy trading suite. AxiCopy works for all assets and asset classes supported on Axi. It allows traders to search for top earners in their asset classes and mimic their trades. Note that copy trading on Axi will require a minimum deposit of $250 USD.

Axi: UAE Supported Assets

Axi provides access to several asset classes for investors who want to diversify. Here are some of these asset classes:

• Precious metals
• Cryptocurrencies
• Forex and currencies
• Indices
• Contracts for difference (CFDs)

There are over 150 individual assets available on Axi.

Axi: Account Types

There are two primary account types on Axi:

• The Standard Account
• The Pro accounts

The Standard account offers commission-free trades with a minimum spread of 0.4 pips on trades. However, the Pro account charges $7 USD per round lot in trading commissions, and its spread begins at 0.0 pips.

At the same time, Axi offers Elite accounts for its high-volume traders. Here, traders pay $3.5 USD per round lot in trading commissions and spread starting from 0.0 pips.

For devout Muslims looking to invest, Axi also offers Islamic accounts. These accounts don’t have interest payments or swaps, allowing Muslims to abide by Islamic laws.

Axi: Supported Trading Platforms

Axi provides access to the ubiquitous MetaTrader 4 (MT4) trading suite. MT4 is a popular trading terminal due to its advanced trading tools, indicators, and customizability.
Axi provides this access for users regardless of their platform or operating system. So traders can easily trade on the go.

There is also the integration of MyFXBook and Axi’s PsyQuation platform. Traders with other preferences can also integrate them into the platform using its application program interfaces (API).

Axi: Trading Features

Traders who sign up on Axi can access the following features:

Access to Leverage

Axi offers leverage trading functionalities, allowing traders to access up to 1:500 leverage. Users in the UAE can access the maximum leverage amount, improving profitability much easier.

Tutorials and Guides

Axi has tutorials and guides for anyone who wants to understand how the platform works. Also, for traders seeking to expand their knowledge of the market, Axi offers the Axi Academy – an extensive research and education section that offers them access to high-quality materials to expand their knowledge of the market.

The Axi Academy offers comprehensive courses designed by traders and geared towards traders.

Also, traders can access webinars and seminars, eBooks, guides, and market analyses that will help to boost their knowledge of different asset classes.

PsyQuation Premium

Another interesting feature is PsyQuation Premium – a service that provides signals and market insights for forex trading. Using forecasting, quantitative analysis, and indicator research, PsyQuation Premium helps ease the research work, making it easier for traders to find the right positions to enter.

The tool also offers an Order Flow Sentiment Indicator, which employs artificial intelligence to analyse traders’ moves and provide retrospective analysis – especially on failed trades. While it isn’t 100% accurate, PsyQuation Premium can go a long way in helping traders to improve their strategies.

Axi UAE: Fees

Fees on Axi are grouped based on account types. Below is a breakdown of the platform’s charges:

Account Type	Average Spread(EUR/USD)	Round Turn Commission (USD)
Standard	1 pip	0
Pro	0.1 pip	7
Elite	0.0 pip	3.5

Besides these competitive fees, Axi doesn’t charge for account opening or maintenance. Deposits and withdrawals are also free, although traders would most likely have to pay fees to third-party payment processors.

The only harsh fee here is the platform’s inactivity fee. After one year of inactivity, Axi charges $10 USD in inactivity fees monthly.

Axi: Customer Support

Traders who require help can contact Axi’s support team by phone, live chat, and email. Customer support is also available 24/5.

Axi Review: Conclusion

In an ever-growing field where some industry giants play, Axi has carved a niche for itself. The platform thrives on several fronts, including offering customer support and an impressive set of trading features that anyone can use.

Although it requests an inactivity charge and its demo account is a bit limited, Axi is a worthwhile trading platform that serves traders of all skills and experience levels.

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