AXI copy trading/AXItrader was founded in 2007 and quickly garnered popularity among traders who participate in scalping and automated trading due to the firm’s cheap spreads and quick execution rates. Also, AXI copy trading provides a great algorithmic trading service.
From its Australian beginnings, AXI copy trading has expanded to operate on a global scale, with five offices located across the world.
In addition, Copygram’s experienced team has examined all of AXI copy trading’s important features, including prices, account types, and minimum deposit requirements, to ensure that you have a thorough grasp of what the platform has to offer.
The following is an overview of AXI’s primary strengths:
- A lot of trading platforms are accessible.
- Provides low spreads
- There is no minimum deposit.
- Provided lightning-fast order execution
With a variety of trading platforms available, many traders prefer to start with an AXI demo account. Besides, this feature is accessible across all account types and trading platforms offered by the broker, making it an excellent starting point for determining the optimal trading platform for your requirements.
Table of content:
- For whom is AXI copy trading suitable?
- The issues and Advantages you Should know Before Starting
- Pros & Cons
- ECN Account and Forex
- Copy Trading Platform
- Spread Betting
- Scalping
- Algorithmic Trading
- Foundation and Offices of AXI
- Regulations
- Money Protection
- Awards
For whom is AXI copy trading suitable?
Axi is a leading worldwide ECN broker specializing in CFD trading. They are a top pick for low spreads, rapid execution, a variety of trading platforms, and a no-deposit requirement.
Although they do not enable direct social or copy trading, they do let Algo trading, scalping, and hedging and provide a list of excellent VPS providers, but with a restricted selection of 130 assets to trade.
When it comes to copying and social trading, you may import strategies indirectly via the trading platform’s EAs function. In the same sense, albeit the experience is not as ready as it is at some other specialized brokers.
Consider the Following Issues and Advantages Before Starting
- The issues of AXI copy trading:
Consider the broker’s disadvantages or restrictions. With little over 130 accessible assets, some experienced traders may be concerned, albeit the list does contain FX, indices, commodities, and cryptocurrencies. In fact, Crypto trading may also be restricted to professional traders depending on the area.
In terms of the research part, we can state that it is lacking in depth in comparison to others, is not accessible in all supported languages, and the social and copy swapping functions are also restricted. Finally, withdrawal times have been reported to take up to three days on occasion.
- The advantages of AXI copy trading:
While there are issues with AXI copy trading, there are also benefits. That is to say, these benefits include the fact that there is no minimum deposit requirement and that you will have access to a diverse range of base currencies, including all the AUD, CAD, CHF, EUR, HKD, JPY, NZD, PLN, SGD, and USD, with which to leverage a high level of liquidity at some of the industry’s fastest execution speeds.
When it comes to value, you’ll discover a spread as low as 0 pips when trading with a Pro account and a similarly competitive spread as low as 0.4 pips when trading with a Standard account.
Also, the company offers a diverse selection of VPS options, including ForexVPS, MetaTrader VPS, BeekSFX VPS, and CNS.
AXI Copy Trading Pros & Cons
The table below summarizes some critical broker sectors, along with their associated benefits and drawbacks.
ECN Account and Forex
As an ECN broker, Axitrader usually offers very low spreads. If you are using a Pro account, a fee of $7 per lot is also levied on a round-turn deal. The execution speed is often lightning-quick, and there are no requotes.
What you will encounter are a few additional expenses such as commissions and overnight fees as a result of the low spread. But, this still results in a spread of 0.4 pips on basic accounts and 0 pips on pro accounts with the $7 charge. There are over 50 forex pairs available, and the average spread on EUR/USD is only 0.2 pips and on GBP/USD is just 0.5 pips with Pro Accounts, which is quite low.
With this in mind, Axi copy trading is an excellent ECN broker for those seeking ultra-low spreads. If you’re looking for a broad variety of assets, though, there may be more suitable options.
Pros ✅
- Spreads are very minimal and begin at 0 pips.
- Extremely rapid execution rates are available.
- Over 50 currency pairings are available for trading.
Cons ❌
- The $7/lot commission charged on Pro accounts is somewhat more than that charged by other brokers.
Axi Copy Trading Platform
AXI copy trading’s trading platform is proprietary. This can happen using the exceptionally user-friendly AxiOne trading platform, which is linking to over 20 liquidity providers for optimal liquidity and order execution speed.
The platform is completely integrated with Axi’s extensive suite of tools, services, and connection options and caters to the demands of all trader types. Indeed, you may trade a wide variety of products with this platform, including Forex, CFDs, Spread Betting, and Metals.
In general, Axi is an excellent option if you desire a feature-rich proprietary trading platform. But, if you’re seeking for straight copy trade, there may be more suitable options.
Pros ✅
- The availability of an outstanding proprietary trading platform.
- A lot of suppliers provide extensive liquidity.
- It supports multiple-asset trading.
Cons ❌
- Not all assets are transferable in all locations.
Spread Betting
Axi copy trading is a good place to start if you’re new to spread betting. Due to regulatory considerations, this is only accessible to the UK and Irish merchants.
Again, you’ll be happy to learn that you need no minimum deposit. This makes Axi an excellent spot to begin spread betting.
Pros ✅
- No minimum deposit is necessary to begin spread betting.
Cons ❌
- It is presently only accessible to merchants situated in the United Kingdom and Ireland.
- There is just a limited selection of materials accessible.
Scalping
Axi copy trading, once again, permits scalping. This implies that if you are a scalper, the broker is a good option due to its supportive atmosphere, competitive spreads, and lightning-fast ECN execution.
Additionally, this is backed up by a robust collection of charting tools and indicators available on both their own platform and MT4, albeit the restricted asset selection might be a hindrance.
Pros ✅
- A diverse array of scalping tools is available.
- Both high liquidity and rapid execution help in the scalping process.
Cons ❌
- Again, there is a restricted variety of assets available for scalping.
Algorithmic Trading
Axi copy trading also supports algorithmic trading. This can be accomplished rather efficiently using the MT4 trading platform’s EAs function. Also, the broker offers a variety of extra services to supplement your trading, like MyFxBook, API trading, Autochartists, and AI-powered PsyQuation.
In summary, Axi is a good alternative for Ago trading, offering a plethora of helping features and an ideal environment in which to execute your trades.
Pros ✅
- Superior trading platforms facilitate Algo trading.
- To help in the process, advanced trading tools are available.
Cons ❌
- The service is not as user-friendly as others, and the learning curve is somewhat high.
Foundation and Offices of AXI
Axi copy trading is a broker based in Australia that was created in 2007. Since then, they have evolved to become a well-known presence in the business, operating a total of five physical sites worldwide. These locations include the following:
- Sydney (Australia)
- Auckland (New Zealand)
- London (UK)
- Dubai (UAE)
This implies that Axi should be in a strong position to deal with you as a worldwide trader regardless of your location.
Regulations
When it comes to regulation, Axi copy trading understands how critical it is for traders to have faith in their regulators. Besides, they do this via three well-respected regulatory supervision agencies. The broker’s many entities are regulated by the following organizations, depending on your location in the globe.
- SV regulates Axi Limited (Axi) (25417)
- AxiTrader Financial Services Pty Ltd is regulated by the Australian Securities and Investments Commission (318232) and the Financial Services and Markets Authority (DFSA) (F003742)
- AxiCorp Limited is regulated by the Financial Conduct Authority (509746)
This emphasis on regulation enables you to trade safely and securely at Axi.
Money Protection
Solid regulation is not the only safeguard in place at the broker for traders. Also, they safeguard you against negative balances. Again, this implies that you cannot lose more than the amount you put in your account; but, if you have several accounts, the balance of one may be used to cover the balance of the other.
For instance, if you provided two accounts, one with a $500 balance and the other with a $200 balance, your balance on the other account may go to -$500 since you have enough funds to pay it. Naturally, the amount in the covering account will be reduced appropriately to reflect this.
Segregated accounts are constantly utilized to further increase your safety. This implies that even if the broker becomes bankrupt or insolvent, your money is always secure.
Hence, This strategy is strengthened by the fact that dealers in the United Kingdom may get ICF insurance. This may protect your cash up to £85.000 in the event of an accident.
Awards
Also, Axi copy trading is an award-winning broker. They have received several distinctions over their years in the industry.
Furthermore, several of these awards have been presented in recent years, including Most Trusted Broker (UK Forex Awards 2018), Best Asian Forex Trading Platform (Global Forex Awards, 2019), Most Transparent Forex Broker – Middle East (forex-awards.com, 2019), and Best Forex Broker – Europe (forex-awards.com, 2019).
It’s usually a plus to work with a reputable broker who has earned industry recognition.
This concludes our in-depth examination of AXI copy trading in 2022. Besides, AXI copy trading is a platform consisting of several tools, one of which is a trade copier. Indeed, AXI is famous as one of the greatest trading copiers of all time, although this record has been surpassed by Copygram.
Equally important, Copygram is an AI mobile application that is meant to automatically copy trades across MetaTrader accounts. Due to the fact that Copygram is using lightning technology, all trades are replicated and executed in the blink of an eye.
Copygram introduces several unexpected features to the Forex market, and we have prepared an article about it and why Copygram is the finest trade copier of all time. Read it here.
In brief, good luck.
