AXI Trader Broker

AXI TRADER BROKER PROS AND CONS

We have used the service to test out the broker, trying to compare every aspect; Swap, Spread, Commission, Inquiries Service, Support, Deposit and Withdrawal, and all of the services of AXI Trader Broker and figure out what is suitable for traders.

Pros

  • No minimum deposit limit.
  • Spread is narrow
  • Thai Language Support service is also available
  • No deposit and withdrawal fees.

Cons

  • It takes a long time to open an account.

  • The account opening process is not updated. They Call back only after the account opening has been completed.
  • Open an AXI TRADER account here.
  • AXI TRADER BROKER BONUS
  • AXI does not offer a Deposit Bonus and No Deposit Bonus for traders in Thailand.

AXI TRADER BROKER BONUS

AXI does not offer a Deposit Bonus and No Deposit Bonus for traders in Thailand. Open an AXI TRADER account.

AXI TRADER FREE VPS

AXI does not offer Free VPS, but there are recommended partners. The terms of use of AXI Partner VPS are as follows:

  • FOREXVPS

Axi ForexVPS charges up to $34.99 per month for customers trading more than 20 Lots per month (applicable to Basic VPS models with 1GB RAMand SSD New York).

  • VPS METATRADER

The monthly subscription fee for the VPS subscription is USD $10.00 per month, payable via MQL5 account. Register a VPS on the MT4 platform.

  • CNS

Prices start at $35 per month. The optional Windows 2008 R2 or Windows 2012 R2 1GB RAM supports up to 2GB of RAM. Each 512MB RAM addition costs $6/month, with a 35GB disk included. Each 1GB of additional disk space costs $2/month.

  • BEEKSFX

IBM servers, SAN technology, Cisco networks, and VMware BeeksFX offer an extra 256MB of memory for all plans, plus a 30% discount on your first month subscription. Just enter the coupon code “AXIOFFER” during registration.

AXI TRADER SWAP AND SPREAD INFORMATION

1. AXI TRADER SPREAD

Our spread and swap cost calculations are already charged per 1 lot open order size of Standard account (100,000 USD per 1 lot), so the value shown is in USD.

AXI offers two types of trading accounts: Standard account and Micro account. To assess the broker’s spread and swap, we conducted a test of the spread check including commission cost. In order to compare the commission-free brokerage from both types of accounts in real-time situations at different times, then averaged spread data is obtained as follows:

CurrencyStandardMicro
XAUUSD2820
EURUSD1.20.1
USDJPY1.10.2
GBPUSD1.30.2
USDCHF1.10.1
USDCAD1.20.3
AUDUSD1.30.4
NZDUSD--

2. AXI TRADER SWAP

The daily cost of holding a trader’s position when trading with AXI Trader is charged when opening a 1 Lot Standard (100,000 Lot) order. It shows the daily cost of holding 1 Lot Standard account size as follows:

axi-swap-standard
axi-swap-micro

Spread and Swap comparisons of all brokers can be viewed to create a trading strategy. Build your own trading advantage here.

3. AXI TRADER COMMISSION

OTHER AXI TRADER INFORMATION

AXI Trader Forex Broker was founded in 2007 and is currently used by more than 60,000 traders from over 100 countries around the world. AXI has won many trading service awards.

AXI Trader is financially registered with the country in which its office is located with the following information:

  • Australian Securities and Investments Commission (ASIC)
  • Financial Conduct Authority (FCA)
  • Dubai Financial Services Authority (DFSA)

AXI TRADER ACCOUNT USAGE

Opening an AXI Trader Broker account can be done through the Platform. However, there are support services available as well which can be contacted through Support.

1. AXI Trader Forex Account Opening Documents

Documents required to open a trading account with AXI Trader include:

    1. Identity verification documents for Thais is ID card or passport.
    2. The address verification document must match the address shown on the identity card, a copy of the house registration is recommended.

2. AXI TRADER Account Types

There are two types of AXI TRADER Forex trading account types, Standard account, and Micro account, with different features, designed to allow traders to choose based on their strategy and capital, leverage up to 1:500 and no minimum deposit limits for both types.

The table shows the account types of AXI TRADER Forex Account

axi-elite

AXI TRADER Support Service

We conducted a test of communication with Support via chat and made an assessment according to the criteria; able to fix the problem, promptness of service, problem solving intention, not just sending links to read to acquire answers. Therefore, we have reviewed the broker and found the following service problems;

The staff is slow to answer questions, sending the link for customers to read by themselves
  • Support answering questions slowly.

  • Send a link to read by yourself.

The support staff does not answer the question correctly
  • The staff does not answer the questions, similar to using Google Translate to translate and search for answers. Therefore, answering each question takes a very long time.

  • The staff tried to contact customers via Line instead of Live Chat.

Thai support staff answer in English
  • Answer questions using Thai mixed with English, even during the period of Thai Language Support.

  • Thai Language Support via both call and Line is available at 092-7475588 on Monday-Friday or Live Chat from 9:00 AM to 6:00 PM.

  • During the holidays, the service is unavailable.

“Overall, the disadvantages of AXI Trader’s Support are that the Live Chat Support staff during the period mentioned that it is for the Thai Language Support is not able to answer questions using Thai language.”

Support is available on Monday-Friday from 10:00 a.m. to 6:00 p.m. Available through various channels, including Live Chat, Telephone, and Line.

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