Axi is a CFDs broker, every asset listed on the platform is offered in CFDs. Here is a detailed look at exactly which markets are offered for trading by the broker.
There is a great range of more than 70 forex pairs available for trading at Axi. This includes major, minor, and exotic currency pairs with excellent value spreads that start from 0 pips thanks to the extensive liquidity of more than 20 providers that is available to the broker.
A total of seven commodities are available for trading, again all as CFDs. This selection includes 3 metals in the form of gold, silver, and copper. 2 energies that are, natural gas, and oil, and 2 agricultural commodities in coffee and cocoa.
There are 11 indices available that are traded as futures at Axi. These include markets from around the world in Europe, Asia, and Australia. 3 mini-indices are also available to be traded. They are the NAS100, SPX500, and EU50, perfect for lower risk trading.
Axi offers 5 cryptocurrencies which are also traded as a CFD. The cryptocurrencies available include the following: Bitcoin, Dash, Ethereum, Litecoin and Ripple.
Do note that under FCA regulation, crypto trading CFD is only for professional traders.
Execution, leverage and position sizing
Axi is an ECN broker. This means you will benefit from instant market executions depending on your account type. This is also a very popular execution style which ensures you can benefit from the fastest executions possible while making use of the deep liquidity the broker provides.
The leverage available to you at Axi is dependent upon which regulatory body you are operating under, and also which assets you are trading.
If you are registered with AxiCorp Limited in the UK/EU your leverage will be a maximum of 30:1 due to regulations. The only exception here is if you are a professional customer this leverage can be increased to 400:1.
If you are registered with AxiCorp Financial Services Pty Ltd. under ASIC regulation, then the maximum Axi leverage on forex is again 30:1, and finally if you register with Axi Limited (Axi) under SV regulation, then the maximum leverage available on forex is 500:1.
The minimum trade size at Axi is 1 micro lot. This is equal to 0.01 standard lots or a cash value of $1,000 non-leveraged. This amount could be significantly lower if you are utilizing the available Axi leverage.
A vital key to success in trading is the ability to manage risk. Axi provides well for this by offering a number of order tools provided by the trading platforms. These include the ability to set stop losses, trailing stops, and take profits which can help manage your current positions.
Limit orders will help manage your entry into new positions, and the margin calls provided will ensure your equity never drops below a particular level. All are important tools in guiding you towards successful trading.
Forbidden trading techniques
When it comes to trading techniques, you will be glad to find a broker in Axi who is very open in this respect. Both scalping and hedging are allowed, while algo-trading is supported through the EAs functionality of MT4. VPS too are permitted to be used here. In fact, the broker provides a number of VPS options for you to choose from as follows:
ForexVPS – They offer 24/7 customer support at a price of $34,99/month, but Axi will cover the fee if you trade more than 20 lots per month.
MetaTrader VPS – This MetaTrader proprietary VPS is available at a cost of $10/month
BEEKSFX VPS – This service uses IBM servers with a bank-quality infrastructure. direct optical fiber communications provide for a supreme <1ms latency.
CNS Forex VPS – This VPS has been specifically designed for Forex traders. It is priced at $35/month and provides for a very high security level. It is also both fast and customizable.
There you see the range of techniques that is very well supported, alongside a broad offering of VPS services that not every broker makes available.
Platforms & Mobile
With Axi, there are a wide range of trading platforms and tools available and at your disposal. Here is a rundown on exactly what you will have to work with.
Charting and Trading tools
A total of 51 charting indicators and 31 drawing tools are available thanks in the most part to MT4 and the other third party platforms. One click trading directly from the charts is also available which is perfect for scalping, and price alerts can also be set. All round, this makes for a highly customizable trading experience at Axi.
Axi MT4 Desktop Platform
Axi offers MT4 as a desktop platform to you as a trader. This is of course, one of the most respected and powerful trading platforms in the entire industry.
It can also run on almost any device and has over 50 indicators and charting tools in places along with being a very easy to use platform. If you are into algo-trading, then you will also benefit from the availability of EAs here that you can get from the trading community to implement, or code yourself. The platform can be run on both Mac and Windows devices.
Axi MT4 Webtrader Platform
MT4 is also available as the Webtrader platform with Axi. Here you can gain access to all of the same excellent features that you can on the desktop trading platform, but directly through your browser and without having to download anything. You can log in directly from the Axi website.
Axi also provides access to the Psyquation platform for free if you are a trader, even though it is usually a subscription-based service.
This is an AI-powered analytics platform run through machine learning which can provide a detailed analysis of charts to help you better understand your trade positions and in the most detail possible. It is easier to use than it sounds, and could really provide you with some great trading insights to help manage your trading.
The platform is available as a webtrader, again directly through your browser.
AxiOne is a proprietary platform provided by the broker which can offer access to spread betting if you are a UK-based trader, and a range of other assets including forex, metals and other markets for trading as CFDs.
Here you will be able to take full advantage of the deep liquidity provided by more than 20 liquidity providers with hundreds of additional sources to Axi. Through the very intuitive platform you will also have completely integrated access to trading across seven different exchanges.
Axi Mobile Platform
The Axi mobile trading platform is provided through MT4 mobile and is available through iOS, Android, and your tablet devices. Again this mobile platform is easy to use and provides comprehensive access to all markets including powerfully detailed charts and tools so that you miss none of the action even on the move.
Special features you can find on Axi
Here is a look at some additional products that you may encounter when trading at Axi.
The AxiPrime service is one which is available for institutional clients and offers full and complete access to the whole range of Axi’s liquidity which is extensive, and allows these institutional, and professional clients to access the most competitive pricing possible that they in turn can then provide to their clients.
Social Trading – Copy Trading
There are no copy or social trading services made available directly by Axi, though your use of EAs which is permitted, could function as a form of copy trading if you are taking them from the wider community of traders which you can do.