Forex brokers are dealers or firms that offer trading services to retail and professional traders. There are numerous forex brokers. Some brokers are regulated, and some are not. Regulation ensures that your investments are protected and you are trading with a trustworthy and reliable platform. However, not all brokers are regulated. If you consider using Axir, you may be wondering if it is regulated.
Axir is a regulated forex broker. The broker is regulated in Australia, St Vincent and the Grenadines, Dubai, UK, and other jurisdictions. In this article, we will explore more about Axir, its pros and cons, and the benefits of trading with a regulated forex broker like Axir.
Is Axi Regulated?
Yes, Axi is a high-tier regulated forex broker. It is regulated by ASIC, SVG, FSA, DFSA, and FCA. These Regulations ensure that the broker must follow certain rules set by the authority to keep things fair and safe for traders. Axi holds client funds in segregated bank accounts with top-tier banks. The broker does not use client money for hedging trades with other counterparties. Here are the Axir entities and regulators
AxiTrader At a Glance
- Founded In: 2007
- Founder: Rajesh Yohannan
- Headquarters: Sydney, Australia
- Trading Instruments: 220+ trading instruments including forex, cryptocurrencies, shares, commodities, indices.
- Minimum Deposit: $0 for standard and pro accounts, 25,000 for Elite account.
- Maximum Leverage: upto 1:500
- Regulations: ASIC, FCA, SVG, FSA, DFSA,
- Trading Fees: spread starting from 0.9 pips for standard account, $7 per lot for pro account, $3.5 per lot for Elite account
- Trading platform: MT4, MT4 Webtrader, Axi trading platforms, Copy Trading Apps.
- Account Types: Standard, Pro Account, and Elite Account
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, GlobalCollect, JCB, Maestro, Neteller, Ngan Luong, Payment Asia, Poli, Skrill, UnionPay
- Funding Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
- US Clients : Not Accepted
The benefit of Trading with a Regulated Forex Broker?
Trading with a regulated broker offers several benefits:
Security of Funds :
When you trade with a regulated broker, your money is in good hands. These brokers are required by law to keep your funds separate from their own operational money. So, even if the broker faces financial trouble, your money remains safe and untouched.
Fair Trading Practices
Regulated brokers play by the rules. They have to treat you fairly and honestly. That means you can trust that the prices they offer are accurate, and your trades are executed fairly, without any sneaky tricks. It’s like having a fair referee in your trading game.
Transparent Pricing
Transparent pricing in forex trading refers to the clear and fair display of the costs associated with trading currency pairs and other financial instruments. When trading with a top-tier regulated forex broker, traders can expect several aspects of transparent pricing. These transparencies Include :
- Bid-Ask Spread Transparency
- No Hidden Fees or Commissions
- Fair Price Execution Policy
- Real-Time Market Data
Dispute Resolution
Sometimes things don’t go as planned, and disagreements can arise. But with a regulated broker, you have a backup. If you ever have a dispute, regulators provide a process to help sort things out fairly. So, you can trade with confidence, knowing there’s a safety net if you need it. Please keep in mind that client protection might not be applicable for global entities of forex brokers.
Client Data Protection
Your personal information is valuable, and regulated brokers take its protection seriously. They use advanced security measures to keep your data safe, like encryption and secure storage. This way, you can trade without worrying about your private information falling into the wrong hands.
Transparency
Regulated brokers are required to maintain high levels of transparency in their operations. This includes disclosing relevant information to clients, such as fees, charges, and potential risks associated with trading. This transparency fosters trust and confidence among clients, enabling them to make informed decisions.
Customer Support
Forex brokers’ customer support is like having a helpful buddy in your trading journey. They’re there to answer your questions, fix any issues, and guide you through the trading maze. A regulated broker is always serious about their business. You can expect quality support from regulated forex brokers more than that of unregulated ones. Here Here’s what you can expect:
- Friendly and Easy Access to Customer Support
- Quick Response
- Patience and Understanding
- Problem Solvers :
- No excuse
- Personalized help
Frequently Asked Questions (FAQ)
What is Axi
Founded in 2007, Axi is a forex and CFD broker that offers trading services to traders and investors. Axi has a wide range of trading instruments (100+) including Forex, Shares, IPOs, Indices, Commodities, and Cryptocurrencies. The maximum leverage of Axi is as high as 1:400.
What is Forex Broker Regulation
Forex broker regulation refers to the set of rules, guidelines, and standards imposed by governmental or independent regulatory authorities on firms that offer forex trading services to clients. These regulations are designed to protect investors, ensure fair and transparent operations within the forex market, and maintain the integrity of the financial system. The most popular forex broker regulators are NFA, ASIC, FCA, CySEC, and so on.
Is Axi an ECN Forex Broker?
Yes, Axi operates as an Electronic Communication Network (ECN) forex broker, providing direct access to liquidity providers and offering competitive pricing and execution.
Is Axia a Safe Broker?
Axi is one of the top-tier regulated forex brokers. So it can be marked as a safe broker. However, all the entities of Axi might not be highly regulated.
Is Axi regulated in the USA?
No, Axi is not regulated in the USA. It is a non-US global broker. So the broker does not accept US clients.
Is Axi regulated in the UK?
Yes, Axi is regulated in the UK. The broker is regulated by FCA in the UK. As a result, Axi confidently accepts clients from the UK.
Is Axi regulated in Canada?
No, Axi is not regulated in Canada. So it can not accept Canadian clients.
Is Axi Regulated in UAE?
Yes, Axi is regulated by DFSA (Dubai Financial Services Authority). So the traders of the Middle East can confidently trade with Axi.
Is Axi Regulated in Europe?
Yes, Axi not is regulated in Europe. However, EU clients can trade under its global entity.
Final Thoughts :
Axi is a regulated and trusted forex broker that offers Forex, Shares, IPOs, Indices, Commodities, and Cryptocurrency trading services. The maximum leverage of Axi is as high as 1:400. Moreover, the broker offers PAMM, MAM, and ZuluTrade Trading Services.
As Axi is a regulated forex broker, it is considered safe to trade with the broker. The broker allows traders to trade with any style including scalping, hedging, EA Trading, news trading and so on. Axi offers popular trading platforms like MT4, PsyQuation, etc. So traders can trade with their suitable trading platforms on Axi.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital.
