Find out more about how to trade forex with Axi or discover the right trading account type for you: standard, pro or swap-free trading account.
Forex trading is the buying and selling of currencies on the foreign exchange market. When you trade forex online, you are counting on the value of the currency changing in your favour in the future. To improve your chances at trading successfully, it helps to have a deeper understanding of how forex trading works.
As a trader, you have the choice of many forex trading platforms that give you different options for trading forex online and come with a range of features and capabilities.
MetaTrader 4 is the smart choice for online traders everywhere who are looking for a trading edge. Simple for beginners and full of advanced functions for professionals, the MT4 platform helps you unlock unlimited trading possibilities.
Autochartist continuously scans the market for customised trade opportunities, based on realtime pricing and your specific trade setups, then alerts you to potential trades.
Axi keeps the cost of online forex trading low with competitive spreads. Traders access a wide range of currencies, commodities and indices using our platform for the low spreads. At times, our market-leading spreads even go as low as 0.0 pips and we are always striving to ensure they are some of the most competitive you will find.
For your information, a ‘spread’ is the small cost built into the buy (bid) and sell (ask) price of every currency pair trade. It is also known as ‘markup’ and can also be explained as the cost of trading. The benefit of trading on the foreign exchange is that spread costs are generally very low but it’s always good to shop around to find the lowest spreads.
Our forex trading platform is able to provide competitive spreads thanks to our network of tier-one prime brokers and liquidity providers; global banks and financial institutions. These trusted sources give us access to a wider pool of liquidity. As a result, we can pass low spreads to our clients.
Axi offers over 70 forex currency pairs. These include the major, minor and exotic currency pairs, so you can diversify your approach to trading on the foreign exchange market with Axi. Check out the live forex spreads of our most popular currency pairs.
A micro lot is equal to 1,000 units of base currency, while a mini lot is 10,000 units of base currency.
Axi allows traders to trade mini and micro lots as well as standard lots. Not all trading platforms offer this capability.
Once you have opened an Axi trading account and are ready to trade forex online, you can deposit funds via credit card, BPAY or bank transfer. You can also use Neteller, SKRILL/Moneybookers, China Union Pay, WeChat or Bankwire.
Axi charges no fees for funding and withdrawals to your trading account. We implement high industry standards of encryption to ensure your account is fully protected. Discover all our payment methods.
When you have a standard forex trading account with Axi, you will not be charged fees or commissions and you can use your account as much or as little as you like.
If you set up a Pro account for online forex trading, you will be charged a small commission of USD$3.50 per lot ($7 round trip) in conjunction with having lower spreads.