With an Axi demo account, you’ll be trading in a replica of the live trading environment, including access to real-time spreads and execution speeds. There is no minimum to open a standard self-directed trading account, and the minimum to open a traditional or Roth IRA is $50. For an additional $10 per month, users can gain Axos Elite status, which comes with discounted rates and fees on things like options and margin trading, plus access to additional trading hours. If traders choose a broker that is regulated in a reputable jurisdiction and has a good reputation online, there’s less to worry about when it comes to starting to trade.

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The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. For additional peace of mind, traders axes broker can open an account with a broker where client funds are protected – whether it’s all or just up to a certain amount – or where Client Money Insurance is part of the service. Traders can also ask the broker where client funds are held – if it is in a reputable financial centre or offshore.

WHAT CAN I TRADE

It’s also worth checking whether the broker supports all order types that help traders manage risk. At a minimum, this should be a stop-loss order to minimise the potential risk on trades, alongside a take-profit order. For anyone around the world who want to level up his/her trading journey this is a place to be! It is a revolutionary and open experience where you get to know the trading basics from beginner to an expert! Myself I’m looking forward to level up my trading experience with @axetraderhub.There’s is so much noise on the internet, so take this advice from a guy who has filtered those noise. Axes offers a decent range of CFD assets on the desktop, web and mobile MT5 platforms.

Trading Hours

Traders are not machines and part of the investing process is handling risk & developing strong trading psychology. When the stability of the world’s grain supply is uncertain, we provide specialist marine cover to support the export of grain to global markets. Investors can access the brokerage’s https://forexarena.net/ blog, where they’ll find posts on investing and personal finance for educational support. The average execution quality of all brokers we review was 97.4% as of Aug. 31, 2023. That means 97.4% of orders sold for at a price that was at or better than the National Best Bid and Offer.

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At Axi, education is an important part of helping our users learn and stay up to date with changes in the markets. To understand what a broker is and what they do, we need to briefly describe the market in which they operate. The term “axe” is derived from the phrase “axe to grind,” which means to possess an ulterior motive or selfish aim. The phrase has historically meant to have a grievance with someone, especially where one feels the need to seek retribution.

• Traders can pull out reserves utilizing similar charge-free techniques recorded previously.
• The live chat feature doesn’t work and the FAQ portal contains broken or outdated links.
• Virtual assistance with platform navigation, training on tools is available via phone, email and chat Monday – Friday, 8 a.m.
• See the representative’s site for an itemized breakdown of the opening times of the market you are keen on.

Brokers additionally advantage from simple access portable highlights including message pop-ups and live visit support. When you complete a live or demo application and create an account, you will be sent a link to download the platform on your preferred computer or device. If you have an existing live account and need to download, update or reinstall the MetaTrader 4 platform, the latest version is available in the Client Portal.

Once you’ve logged in, select ‘Download MT4’ from the main menu. You can also Contact Axi via phone, email or live chat to request a download link. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare Axes with the top 3 similar brokers that accept traders from your location.

Users can trade on the MT5 mobile app, meaning that trades can be executed on the go. The convenient app provides many of the same features as the desktop platform, including real-time quotes, comprehensive technical analysis, and financial news. Traders also benefit from easy-access mobile features including push notifications and live chat support. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances.

MT4 NexGen provides you with enhanced ordering, sentiment trading and management tools. MetaTrader 4 is the smart choice for online traders looking to hone their trading edge. Simple for beginners and full of advanced tools for pros, the MT4 platform helps you unlock new trading opportunities.

Coverage may not be available in all jurisdictions and is subject to underwriting. Consult the applicable insurance policy for specific terms, conditions, limits, limitations, and exclusions. No insurance product is offered or will be sold in any jurisdiction in which such offer or solicitation would be unlawful.

Typically credit card deposits are the most popular, efficient, and safe way to deposit funds, but some brokers offer localised options for certain markets (for example, P24 in Poland). The available options have been increasing over the past years, and deposits/withdrawals using cryptocurrencies are increasingly common. The Axe Trader account serves as a practice trading account, allowing users to potentially earn between 80% and 100% of what they would have made in a real market.

There is also the option of Two-Factor Authentication (2FA) upon login. Traders can withdraw funds using the same fee-free methods listed above. Bear in mind that some banks or payment processors may charge their own fees. The web-based version of MetaTrader 5 is easily accessible from any major internet browser. Users can access all the same features as the desktop program, including over 50 customisable indicators such as Bollinger Bands and moving averages, as well as numerous graphs and charting tools. You can access WebTrader straight from the broker’s website, using your login details.

Executing at or above the NBBO means you may receive a price improvement or a better share price than you were originally quoted. In the rising rate environment, many brokers have increased the amount of interest they pay customers on uninvested cash through default sweep programs. Axos, however, has kept its default sweep interest rate at 0.01%. There are no annual or inactivity fees, but if you want to upgrade to an Axos Elite account, that amounts to around $120 annual spend. At Axi, we have created hundreds of supporting articles to answer the most common frequently asked questions at our Help Centre. If there is a problem that doesn’t have an answer in the Help Center, please contact our support team over live chat (24/5).