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eXcentral , Axi Broker Comparison

Do you want to know which is the better broker between eXcentral and Axi ?

In the table below, you can compare the features of eXcentral , Axi side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
1.49
No Regulation
No guarantee
--
2-5 years
FSCA
Supported
Not supported
Credit Card Visa/ Mastercard,Skrill Neteller,Wire Transfer
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
--
--
1:400
EUR/USD 2.5, GBP/USD 2.8, USD/JPY 2.8, Crude Oil $0.14
20.00
--
0.01
--
Pin on the left
8.21
Regulated
No guarantee
15-20 years
ASIC,FCA,FMA,DFSA
Supported
Supported
--
C
AA
348
78
78
94
1672
1672
1572
AAA

EURUSD:-0.6

EURUSD:-1.9

20
3
20
D

EURUSD:51.09

XAUUSD:31.05

C

EURUSD: -5.52 ~ 2.36

XAUUSD: -41.39 ~ 17.3

D
0.2
1586.2
--
--
1:500
0.4
--
--
0.01
--

Score
Regulatory Status
No Regulation
Regulated

eXcentral 、 Axi BrokerRelevant information

eXcentral 、 Axi BrokerRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of excentral, axicorp lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

excentral
Aspect Information
Company Name eXcentral
Registered Country/Area South Africa
Founded Year 2018
Regulation Revoked
Minimum Deposit $1,000
Market Instruments Forex,Commodities,Indices
Account Types Classic,VIP,Gold
Leverage Up to 1:30
Spreads&commissions Spreads:0.06-2.5pip,no commissions
Trading Platforms MT4,MT5 platform
Demo Account Available
Customer Support Email:inquiriesaexcentral-int.com,Phone:+278 71 951005
Deposit & Withdrawal Bank transfer,debit/credit card,third party payment

Overview of eXcentral

eXcentral, founded in 2018 and based in South Africa, is a financial services company that has had its regulation revoked. The firm requires a minimum deposit of $1,000 and offers trading in Forex, commodities, and indices.

eXcentral provides various account types including Classic, VIP, and Gold, catering to different levels of traders. The company offers leverage of up to 1:30 and boasts competitive trading conditions with spreads ranging from 0.06 to 0.1 pip, without charging commissions.

Traders have access to both MT4 and MT5 platforms, popular choices for their robust features and user-friendliness. A demo account is also available for practice trading. Customer support can be reached via email at inquiriesaexcentral-int.com or by phone at +278 71 951005.

For deposits and withdrawals, eXcentral accepts bank transfers, debit/credit cards, and third-party payments. However, the revocation of its regulation takes about its credibility and the safety of client funds.

Overview of eXcentral

Is eXcentral Limited Legit or a Scam?

eXcentral, operating under the licensed institution OM BRIDGE (PTY) LTD, had its regulatory status revoked by the Financial Sector Conduct Authority in South Africa.

The company, which held the license number 48296 since June 6, 2017, was categorized as a Financial Service Corporate. The revocation of its license raises significant concerns regarding its compliance with financial regulatory standards and the overall safety and legitimacy of its operations.

The licensed institution is located at UNIT 6C3, 159 Rivonia Road Sinosteel Plaza, Morningside Ext 39 Sandton, and can be contacted at the phone number 27072 216 2542. However, given the revocation of its regulatory status, caution is advised when considering any engagement with eXcentral.

The reason for the revocation and the current operational status of the company would require further investigation for anyone considering their services.

Is eXcentral Limited Legit or a Scam?

Pros and Cons

Pros Cons
Diverse Market Instruments Regulation Revoked
Multiple Account Types High Minimum Deposit
Competitive Spreads Uncertain Operational Status
Access to MT4 and MT5 Platforms Limited Information on Licensed Institution
Demo Account Availability Potential Risk to Investors

Pros:

  1. Diverse Market Instruments: Offers trading in Forex, commodities, and indices, providing a range of options for traders.

  2. Multiple Account Types: Availability of Classic, VIP, and Gold accounts caters to different levels of traders, offering flexibility and tailored trading experiences.

  3. Competitive Spreads: Claims to offer low spreads ranging from 0.06 to 0.1 pip, which can be beneficial for cost-effective trading.

  4. Access to MT4 and MT5 Platforms: Both platforms are well-regarded in the trading community for their advanced features and user-friendly interfaces.

  5. Demo Account Availability: Provides a demo account, allowing new traders to practice and get acquainted with the platforms without financial risk.

Cons:

  1. Regulation Revoked: The revocation of its regulatory status by the Financial Sector Conduct Authority in South Africa is a major red flag, indicating potential issues with compliance and reliability.

  2. High Minimum Deposit: A minimum deposit of $1,000 might be relatively high for beginner traders or those looking to test the waters with smaller investments.

  3. Uncertain Operational Status: The revocation of its license raises questions about the current operational status and the safety of client funds.

  4. Limited Information on Licensed Institution: Lack of detailed information about the licensed institution OM BRIDGE (PTY) LTD, including its website and email address, hinders transparency.

  5. Potential Risk to Investors: Given regulatory concerns, there is a heightened risk for anyone considering investing or trading with eXcentral.

Market Instruments

eXcentral offers trading in a range of market instruments, which include:

  1. Forex: This includes a variety of currency pairs, allowing traders to speculate on the changing values of currencies against each other.

  2. Commodities: These typically involve trading in natural resources such as gold, silver, oil, and agricultural products. Commodities trading can be a way to diversify a trading portfolio beyond forex and indices.

  3. Indices: Trading in indices involves speculating on the price movements of index funds, which represent the aggregated performance of a selection of stocks. Indices usually reflect the performance of a particular sector or the broader market.

Market Instruments

Account Types

Classic Trading Account:

The Classic Trading Account at eXcentral is designed for entry-level traders, offering leverage up to 1:30. It features a 2.5 spread on EUR/USD and a $0.10 spread on Crude Oil, catering to those who prefer trading in major forex pairs and commodities.

This account includes negative balance protection, which can be a safety net for traders against going into debt. Additionally, it comes with free trading education, providing resources for beginners to learn and develop their trading skills.

VIP Account:

eXcentral's VIP Account is tailored for more advanced traders, maintaining the same leverage of up to 1:30. It offers narrower spreads, with 0.9 on EUR/USD and $0.06 on Crude Oil, which can be appealing for more frequent or experienced traders.

This account enhances the trading experience with added features like educational webinars, SMS MTE trading signals for timely market insights, and weekly account overviews for a regular summary of trading performance.

The VIP Account is a step up for those seeking more in-depth market analysis and educational support.

Gold Account:

The Gold Account at eXcentral is geared towards serious, committed traders, providing leverage up to 1:30. It offers competitive spreads of 1.8 on EUR/USD and $0.08 on Crude Oil.

Alongside the benefits found in the VIP Account, the Gold Account introduces a monthly account overview for comprehensive performance tracking and the services of a dedicated senior account manager for personalized trading support.

Exclusive one-on-one sessions are a standout feature, offering bespoke guidance and strategy discussion, making this account suitable for those seeking a highly tailored trading experience.

Account Types
Account Type Leverage EUR/USD Spread Crude Oil Spread
Classic Up to 1:30 2.5 $0.10
VIP Up to 1:30 0.9 $0.06
Gold Up to 1:30 1.8 $0.08

How to Open an Account?

Opening an account with eXcentral typically involves the following four steps:

  1. Account Selection:

    Begin by choosing the type of trading account that best suits your trading needs and experience level. eXcentral offers Classic, VIP, and Gold accounts, each with different features and spreads.

  2. Registration Process:

    Complete the registration form on eXcentrals website. This process usually requires providing personal information such as your name, address, contact details, and possibly some financial information to assess your trading experience and risk tolerance.

  3. Verification (KYC Process):

    As part of the Know Your Customer (KYC) process, submit the necessary documents for identity verification. This typically includes a government-issued ID (like a passport or drivers license), proof of residence (such as a utility bill or bank statement), and possibly additional financial documents.

  4. Fund Your Account:

    Once your account is verified, deposit funds to meet the minimum deposit requirement, which is $1,000 for eXcentral. Choose a suitable deposit method from the options available, such as bank transfer, debit/credit card, or third-party payment methods.

After completing these steps, youll be able to access the trading platform (MT4 or MT5) provided by eXcentral and start trading with the chosen account type.

Leverage

eXcentral offers leverage of up to 1:30 across its trading accounts, which includes the Classic, VIP, and Gold account types. This level of leverage allows traders to control a larger position with a relatively smaller amount of capital.

For example, with a leverage of 1:30, a trader can hold a position worth up to 30 times their account balance. While this can amplify potential profits, it also significantly increases the risk of losses, especially in volatile market conditions.

Therefore, it's important for traders to use leverage cautiously and understand its implications fully. Leverage is a powerful tool in trading, but it requires a good understanding of risk management to use effectively, particularly for less experienced traders.

Spreads & Commissions

eXcentral offers trading conditions with competitive spreads and no commission fees. The specifics of their spreads and commissions are as follows:

  • Spreads

eXcentral advertises spreads as low as 0.06 to 2.5 pip, which is quite tight and can be beneficial for traders looking to minimize their trading costs.

For example, the spread for EUR/USD ranges from 0.06 pip in the VIP account to 2.5 pips in the Classic account. Similarly, the spread for Crude Oil varies from $0.06 in the VIP account to $0.10 in the Classic account.

Such low spreads are particularly advantageous for high-frequency traders or those who trade large volumes.

  • Commissions:

The company states that it charges no commissions on trades. This means that traders don't have to pay a separate fee for each trade they execute, which is a cost-effective feature for active traders.

While these trading conditions appear attractive, especially for those looking to keep their trading costs low, it is crucial for traders to consider the overall context of the brokerage, including its regulatory status and reliability.

Spreads & Commissions
Account Type Spread from Commission ($)
Raw 0.2 7
Real 1.0 1.5 No
Real 2.0 2.5 No

Trading Platform

eXcentral offers its clients two well-regarded trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

  1. MT4 Platform: MT4 is one of the most popular trading platforms in the forex and CFD trading community. It is known for its user-friendly interface, robust technical analysis tools, a wide array of charting options, and support for automated trading through Expert Advisors (EAs).

  2. MT5 Platform: As the successor to MT4, the MT5 platform offers extended features and capabilities. It supports more types of trading orders and has additional timeframes for analysis. MT5 also provides access to more indicators and analytical tools, along with enhanced charting capabilities.

Both platforms offer mobile versions, allowing traders to manage their accounts and trade from anywhere. The choice between MT4 and MT5 typically depends on the trader's preference, trading style, and the specific instruments they wish to trade.

Trading Platform

Deposit & Withdrawal

eXcentral offers various options for deposit and withdrawal, including a specific minimum deposit requirement:

  1. Minimum Deposit: The minimum amount required to open an account with eXcentral is $1,000. This sets a relatively high entry barrier, especially for novice traders or those who prefer to start with a smaller capital investment.

  2. Payment Methods:

    1. Bank Transfer: Allows for direct transfer of funds from a trader's bank account to their trading account. This method is typically secure but may take several days to process.

    2. Debit/Credit Card: Offers a quick and convenient way to deposit funds using widely accepted cards like Visa and MasterCard.

    3. Third-Party Payment: Accepts deposits via various third-party payment systems, which could include digital wallets or online payment services. These methods often provide quick and easy transactions.

Customer Support

eXcentral provides customer support through multiple channels, aiming to assist clients with their queries and issues. Customers can reach out via email at inquiriesaexcentral-int.com, offering a direct line of communication for support, queries, or feedback.

Additionally, they provide phone support at +278 71 951005, which can be beneficial for immediate assistance or for discussing more complex issues. The availability of these support options suggests a commitment to maintaining accessible customer service.

Customer Support

Conclusion

In summary, eXcentral, based in South Africa and founded in 2018, offers Forex, commodities, and indices trading on both the MT4 and MT5 platforms, with account options including Classic, VIP, and Gold. They provide leverage up to 1:30 and competitive spreads with no commission fees.

However, a significant concern is their revoked regulatory status, which poses serious questions about the firm's credibility and the safety of client investments.

While they offer a minimum deposit of $1,000 and multiple channels for customer support, potential clients should approach with caution and thoroughly evaluate the risks due to the regulatory concerns.

FAQs

Q:What trading platforms does eXcentral offer?

A:eXcentral provides the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for trading.

Q:What is the minimum deposit required to open an account with eXcentral?

A:The minimum deposit required to open an account with eXcentral is $1,000.

Q:What types of trading accounts does eXcentral offer?

A:eXcentral offers three types of accounts: Classic, VIP, and Gold, each with different features and spreads.

Q:What leverage does eXcentral offer?

A:eXcentral offers leverage up to 1:30 across all its trading accounts.

Q:How can I deposit or withdraw funds from eXcentral?

A:Deposits and withdrawals can be made via bank transfer, debit/credit card, or third-party payment methods.

Q:How can I contact eXcentral's customer support?

A:Customer support can be reached via email at inquiriesaexcentral-int.com or by phone at +278 71 951005.

axicorp

Let's start here

AxiTrader Limited (Axi) is the real deal, with over 260 trading options in CFDs, including forex, shares, indices, commodities, and IPOs – they're all on the menu. Minimum deposits start at $0, the broker offers competitive spreads from 0.0 pips on major currencies on the Pro account, and here is the cool part: traders can use ECN execution for direct market orders. As for the platform, it's none other than the legendary MetaTrader 4

as well as MetaTrader 5 in certain regions

. With a touch of pride, they served hundreds of thousands of traders across 100 countries. Want to see if Axi's trading environment lives up to its claims? Time for some exploration!

Axi Review Summary
Founded in2007
Registered CountryAustralia
RegulationASIC, FCA, FMA, DFSA
Market InstrumentsForex, indices, shares, comoodities, IPOs, cryptocurrencies
Demo Account(30-day trial with $50,000 virtual fund)
LeverageUp to 500:1
EUR/USD SpreadFrom 0.4 pips
Trading PlatformAxi Trading Platform, Copy Trading App, MT4, MT4 WebTrader,MT5
Minimum Deposit$0
Customer Support24/5 multilingual live chat, phone, email

Axi Information

Axi (formerly AxiTrader) was founded in 2007, and has since expanded its presence to include offices in other regions, including Latin America, Asia, and the Middle East. Axi welcomes all kinds of traders of all skill levels. If you're new to trading and want to start without too much capitalspending much, the $0 minimum deposit and user-friendly platform are great. Irrespective of a traders skill, there are many options to trade, good spreads, and lightning-fast execution. And for those inclined towards advanced features, Axi's ECN system and MetaTrader 4 platform are a notable combination.

In 2023, Axi also launched their innovative capital allocation program called Axi Select. Axi Select gives talented traders the opportunity to trade their way to the top and get funding of up to $1,000,000 USD and keep up to 90% of their profits.

Axis homepage

Pros & Cons

Taking a look at Axi, we spot its share of upsides and downsides. Let's start with the bright side, it's got the backing of multiple solid financial authorities, numerous instruments you can trade, and they let you practice with a demo account. Plus, they've got the MT4 platform

the MT5 platform in certain regions with plans to go live globally within the next few months, and handy tools to help traders trade smarter. They offer customer support in 13 languages, and deposits and withdrawals are seamless.

ProsCons
• Regulated by ASIC (Australia), FCA (UK), FMA (New Zealand), DFSA (UAE)Customer support is 24/5 only for English language; for other languages, customer support is open during business hours.
• Wide range of trading assets and tools
• Multiple account types including demo and Islamic accounts
• No minimum deposit, $0 to start
• Multilingual customer support
• MT4 supported,MT5 in certain regions
• Free VPS for the Elite account
• Copy trading
• Capital allocation program, Axi Select

Is Axi legit?

Considering the pivotal aspect for brokers, that is regulation, it's indeed comforting to note that AxiTrader is under the oversight of regulatory bodies from four distinct nations,

including the United Kingdom and Australia

Advancing further, let's undertake a more detailed exploration of the regulatory licenses secured by Axi.

Axi's Australian entity, Axi FINANCIAL SERVICES PTY LTD, is regulated by ASIC under regulatory license number 318232, holding a license for Market Making (MM).

regulation

Notably, this license's credibility gains support from WikiFX's investigators. They physically traveled to the institution's registered address for thorough verification. At Level 10, 90 Arthur Street, North Sydney, NSW 2060, Australia, they found a functioning office, confirming the broker's operational status and significant scale. Behold, an image capturing the tangible office space of this company.

field-survey

In addition to being regulated by ASIC, this entity is also regulated by the FMA in New Zealand, with regulatory number 518226, holding a license for Straight Through processing (STP).

regulation

Now, let's examine the third license. Axi's UK branch, known as Axi Financial Services (UK) Limited, is overseen by the FCA and has been granted regulatory license number 466201. This license permits them to engage in Market Making (MM) activities as well.

regulation

Lastly, Axi also follows regulations from the DFSA in the United Arab Emirates under regulatory number F003742, authorized for Retail Forex activities.

regulation

Market Instruments

Trading AssetsAvailable
Forex
Shares
label
Indices
label
Commodities
label
IPOs
label
Cryptocurrencies
label
ETFs
label
Options
label

Axi (formerly AxiTrader) gives you access to 260+ trading choices across 6 categories: forex, shares, indices, commodities, IPOs, and cryptocurrencies.

Market Instruments

Account Type

Axi offers three account types tailored to different trading needs, namely Standard, Pro, and Elite. The Standard Account has no setup cost and starts with spreads from 0.9 pips. The Pro Account tightens those spreads to 0.0 pips with a $7 round trip commission, while the Elite Account, designed for advanced traders, features 0.0 pips spreads and a reduced $3.50 round trip commission. All accounts support trading from 0.01 lots, mobile trading, and include MT4 NexGen. Leverage reaches up to 500:1, and you can choose base currencies among AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, and USD. For the Elite Account, a minimum deposit of USD 25,000 is required.

*Account types listed in this section are only available to clients of AxiTrader Limited.

Account TypeStandard AccountPro AccountElite Account
Setup CostFree
Min Deposit$0$25,000
Base CurrenciesAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USDUSD, EUR, GBP, AUD, NZD
Min Trade Size0.01 lots
Max Leverage500:1
SpreadFrom 0.9 pipsFrom 0.0 pips
Commission$7 round trip$3.5 round trip
Axi Select
EA Compatibility
VPSSubscription availableFree
AutochartistFree

Account comparison

Demo Trading

Also, Axitrader gives users free demo accounts that last for 30 days and include $50,000 in virtual funds. Demo accounts offered by Axitrader shine in these areas:

  • Practice Trading: You get $50,000 in virtual money to practice trading however you like.
  • Personal Support: You'll have a dedicated Account Manager and support available 24/5 to help you.
  • Real-Time Info: You can see live spreads on the popular trading platform, MT4.
  • Live-Like Demo: The MetaTrader 4 Demo account mimics the real market, so you can practice effectively.
  • Switch to Real: When you're ready, you can turn your demo account into a real one by funding it.
  • Currency Options: You can choose your account's base currency from options like AUD, EUR, GBP, USD, CHF, and PLNX.

However, base currency cannot be changed once created.

demo-accounts

Besides, they also offer special Islamic trading accounts for Muslim traders that follow Shariah law.

Leverage

The leverage offered by AxiTrader is capped at 500:1. This means that traders can open positions with a much larger amount than their initial investment. However, high leverage can also lead to significant losses if the trade does not go as expected. Traders should exercise caution and use proper risk management strategies when trading with high leverage. Axi provides educational resources and tools to help traders understand the risks associated with leverage and how to manage them effectively.

Spreads & Commissions

Spreads and commissions with Axi are scaled with the accounts offered. Specifically, the spread starts from 0.9 pips on the Standard account, and 0.0 pips on the Pro and Elite account.

As for the commission, there is no commission on the Standard account, a commission of $7 round trip on the Pro account, and $3.5 round trip on the Elite account.

Spreads

Trading Platforms

Axi offers traders the popular MetaTrader 4 (MT4) platform for desktop, mobile, and web. MT4 is a widely used platform that offers a wide range of charting and technical analysis tools, customizable indicators, and the ability to use automated trading strategies through Expert Advisors (EAs). The MT4 platform is available for download on PC and Mac computers, as well as on mobile devices for both iOS and Android.

Additionally, Axi offers the MT4 WebTrader, which allows traders to access the platform directly from their web browser without the need for any downloads or installations.

Axi Trading Platform and Copy Trading App are also available.

Trading Platforms

Trading Tools

There are a range of trading tools designed to enhance the trading experience for its clients. These include Myfxbook Autotrade, which allows traders to follow and copy the trades of experienced traders, MT4 signals which provide real-time trade ideas and analysis, MT4 VPS hosting which offers a dedicated virtual private server to ensure optimal performance and minimal downtime.

trading-tools

Additionally, the broker offers a suite of calculators to help traders with their risk management and trade analysis, such as Profit/Loss Calculator, Pip calculator, and Currency converter. These trading tools can be very helpful for traders to better understand their trades and manage their risk effectively.

trading-tools

Deposit & Withdrawal

AxiTrader stands out from other brokers as they don't require any money to start trading. Here's why it matters:

  • Access: With no minimum deposit, anyone who passed onboarding journey can join and trade. Traders require a low minimum deposit upfront.
  • Risk: Starting with a low minimum deposit, you can manage your risk tolerance based on whats best for you.
  • No minimum deposit: Traders have the flexibility to deposit an amount they are comfortable with.
  • No Pressure: You don't feel pushed to deposit a certain amount. It's more relaxed and trader-friendly.
  • Learn and Experiment: You can try different strategies and learn without needing a big investment upfront.

Axi welcomes traders to fund their accounts through the following payment methods: Credit/Debit cards, and Bank Transfers, Skrill, Neteller, Fasapay, Cryptos, with no fees charged by Axi for any payment method. However, traders should be aware that some international banking institutions may charge fees for transfers, for which Axi accepts no responsibility.

Please also note that payments to Axi via credit/debit cards may be viewed as a cash advance by some banks, potentially incurring additional fees. Deposits made via credit/debit cards and POLi are processed instantly, while bank transfer deposits and withdrawals can take 1-3 business days to be processed.

Payment Methods CurrenciesMinimum Deposit Minimum Withdrawal Fee Time
label
AED, CAD, EUR, GBP, JPY, NZD, PLN, SGD, USD5 USD/Instant
label
/
label
CAD, EUR, GBP, PLN, USD5 USD
label
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD/50 USD1-3 days
label
AED,INR,GBP,EUR,USD5 EUR5 USD
label
Vary depending on countries//
label
IDR, USD5 EUR5 USD
label
/30 USD50 USD
label
/
label
BRL50 BRL/Up to 12hrs
label
AUD5 AUD/Instant

Remember, these fees can change and might be different based on how you're making the payment. To stay updated, it's a smart move to reach out to the broker and get the most recent fee details before you decide to deposit or withdraw any funds.

Customer Support

Axi's customer service is comprehensive and available 24/5 in multiple languages, with live chat, phone, email, WhatsApp, and a help center. This means that clients can easily get in touch with the Axi support team whenever they need assistance or have any questions. The availability of multiple communication channels ensures that clients can choose the most convenient way to contact support.

Additionally, the Help Center offers a range of resources and frequently asked questions that can help clients find answers to their questions quickly and efficiently.

customer-support
customer-support

Education

Axi makes learning easy with a variety of educational resources. If you're using the MT4 platform, their step-by-step video tutorials are there to guide you. They also offer Free eBooks, covering everything from basics to advanced topics. Stay updated on market trends through the Axi Blog, which features expert insights and daily analysis. For structured learning, the Axi Academy provides courses on forex, technical analysis, and risk management. If you're diving into cryptocurrencies, the Crypto Glossary will help you grasp the terms.

Educational Contents Offered
MT4 Video Tutorials
30
eBooks
30
Blog
30
Axi Academy
30
Crypto Glossary
30
Trading Glossary
30
Webinars
30
Education

Conclusion

All things considered, Axi is a well-regulated and reputable broker that offers a wide range of markets and instruments for trading, including forex, shares, indices, commodities, and cryptocurrencies. They also offer multiple account options, free demo accounts, and leverage up to 500:1. In addition, their MT4 trading platform is robust and feature-rich, with various tools and resources to support traders. and they have recently launched MT5 in certain regions with plans to go live globally within the next few months.

Overall, Axi is a good choice for experienced traders who are looking for a diverse range of trading opportunities and who prioritize a broker's reputation and regulation.

Frequently Asked Questions (FAQs)

Is Axi Group regulated?

Yes. The Axi Group is a global award-winning broker, with regulatory licenses in Australiam New Zealand, Dubai, and the United Kingdom. AxiTrader Limited is registered in the St Vincent & the Grenadines. AxiTrader Limited is not regulated.

Does Axi Group offer demo accounts?

Yes, demo accounts are available.

Does Axi offer the industry-standard MT4 & MT5?

Yes. Axi supports MT4, whereas it only support the MT5 in certain regions, with plans to launch globally within the next few months. Axi Trading Platform, and Copy Trading App.

Risk Warning

CFDs carry a high risk of investment loss, this content is for informational purposes only and should not be construed as investment advice.

Retail investor accounts based in some parts of the world are not permitted to trade cryptocurrency CFDs.

Are the transaction costs and expenses of excentral, axicorp lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive excentral and axicorp are, we first considered common fees for standard accounts. On excentral, the average spread for the EUR/USD currency pair is EUR/USD 2.5, GBP/USD 2.8, USD/JPY 2.8, Crude Oil $0.14 pips, while on axicorp the spread is 0.4.

Which broker between excentral, axicorp is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

excentral is regulated by FSCA. axicorp is regulated by ASIC,FCA,FMA,DFSA.

Which broker between excentral, axicorp provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

excentral provides trading platform including Classic,Silver,Gold,VIP and trading variety including --. axicorp provides trading platform including Standard Account,Professional Account,专业账户 and trading variety including --.

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