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.
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. In some cases, for certain account types, our spreads may be as low a 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.
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, you can deposit funds via credit card or bank transfer.
For some regions, we offer a variety of funding options. Please log in to the Client Portal to see all available methods.
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.
*Other fees and charges may apply, please see product schedule for details.
You'll pay the spread on every trade you make – the difference between the bid and ask price. Additionally, an overnight fee (swap) will keep the trade open out of market hours.
Axi does not charge you a trading commission on your trades on the Standard account.
If you set up a Pro account for online trading, you will be charged a small commission of USD$3.50 per lot ($7 round trip) in conjunction with having lower spreads.
Other fees and charges may apply, please see product schedule for details.