AXI Select: A Leader in Prop Trading
AXI Select offers access to commodities, currencies, cryptocurrencies, indices, and stocks. Operating from St. Vincent and the Grenadines, AXI Select is unique with its free-to-join program, live trading accounts, and robust fraud prevention measures. Standout features include no evaluation stage and a trader-centric approach.
Expert Reviewer Verdict
AXI Select stands out for its free-to-join program and absence of an evaluation stage, making it an attractive choice for experienced traders. The platform’s fair program structure, live trading accounts, and additional trading tools provide a competitive edge. Axi’s robust fraud prevention measures and industry best practice controls ensure client fund security. However, the time taken to progress within the program might be a limitation for some.
With a minimum deposit of $500 and no registration fees, AXI Select caters to a diverse audience looking for a supportive trading environment. The mobile and web platforms, along with 24/5 customer support, further enhance the user experience.
Pros and Cons
Pros
- Free to Join with No Hidden Fees
- No Evaluation Stage for Faster Access
- Fair and Transparent Program Structure
- Access to Additional Trading Tools
- Offers Live Trading Accounts
Cons
- Requires a Minimum Deposit of $500
- Standard Trading Fees Apply
- No Guaranteed Stop Orders Available
Trust and Safety
**Granted to the Axi Group of Companies
Is Axi Select Legit?
AXI Select operates from St. Vincent and the Grenadines, and compensates with rigorous internal controls. AXI Select has a dedicated fraud prevention department that employs multiple alert systems and automation processes to maintain a low level of fraud. This proactive approach helps in safeguarding user transactions and maintaining the integrity of the platform.
Furthermore, AXI adopts industry best practices to protect its systems and clients, reinforcing its commitment to providing a healthy trading environment.
Tradable Instruments
For illustrative purposes only
Wide Array Of Trading Options
AXI Select provides traders with a comprehensive selection of tradable instruments, catering to a wide range of investment preferences. The platform offers access to commodities, currencies, cryptocurrencies, indices, and stocks, ensuring that users have ample opportunities to diversify their portfolios. This variety allows traders to capitalize on different market conditions and trends, enhancing their potential for profit.
Whether you are interested in the stability of commodities, the volatility of cryptocurrencies, or the diverse options available in stock and currency markets, AXI Select has you covered. This broad spectrum of instruments not only accommodates different trading strategies but also provides flexibility for experienced traders.
With a user-friendly MT4 trading platform available on desktop, web, and mobile, AXI Select ensures that accessing and trading these instruments is seamless and efficient. This extensive range of tradable assets, combined with the platform’s robust tools and features, makes AXI Select an appealing choice for traders looking to explore various markets and maximize their trading potential.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
No |
|
FUTURES |
No |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
No |
|
OPTIONS |
No |
Account Types
Flexible Trading Accounts
AXI Select offers three distinct account types to cater to various trading needs: Pro, Standard, and AXI Select accounts. Each account type is designed to provide unique benefits, making it easier for traders to choose one that aligns with their trading style and goals.
The Pro and Standard accounts are suitable for professional traders, with the two accounts requiring a minimal deposit of $0. These accounts offer access to the full range of tradable instruments, including commodities, currencies, cryptocurrencies, indices, and stocks. Both accounts come with normal trading fees, ensuring transparency and predictability in trading costs.
The AXI Select account, designed for more dedicated traders, requires a minimum deposit of $500. This account type stands out with its live trading feature and additional trading tools, providing a more enhanced trading experience. Like the Standard account, the AXI Select account also incurs standard trading fees.
|
Account Type |
Available |
|
DEMO ACCOUNT |
No |
|
ISLAMIC ACCOUNT |
No |
|
SEGREGATED ACCOUNT |
No |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
Transparent and Competitive Fees
AXI Select offers a competitive and transparent fee structure, ensuring traders are aware of all costs associated with their accounts and trading activities.
Account Minimum
The minimum deposit required for an AXI Select account is $500.
Trading Fees
Normal trading fees apply depending on the account type. AXI Select has the same trading fees as the Standard account, ensuring fairness and transparency.
CFD Fees
Yes, AXI Select charges fees for trading CFDs, aligning with industry standards.
Forex Fees
Yes, fees are charged for forex trading, which vary based on the account type and trading conditions.
Futures Fees
Yes, AXI Select charges fees for futures trading, which are standard in the industry.
Account Fee
There are no account fees associated with AXI Select accounts, providing a cost-effective trading experience.
Inactivity Fee
AXI Select does not charge any inactivity fees, making it advantageous for traders who might not trade frequently.
Overnight Funding Fee
Yes, AXI Select charges overnight funding fees, which are common in the trading industry.
Currency Conversion Fee
No currency conversion fees are charged, simplifying the process for traders dealing with multiple currencies.
Trading Platforms
Comprehensive Platform Access
AXI Select provides traders with access to the widely used MT4 trading platform, known for its robust features and user-friendly interface. This platform supports a range of trading activities and is equipped with advanced tools for analysis and execution.
Mobile Trading Apps
Traders can access their accounts on the go with AXI Select’s mobile trading apps available for both Android and iOS devices. These apps offer the same functionality as the desktop version, ensuring seamless trading and management from anywhere
Web Trading Apps
The MT4 web platform allows traders to execute trades directly from their web browsers without the need for any downloads. This ensures quick and easy access to trading, making it convenient for users who prefer flexibility.
Desktop Trading Apps
For those who prefer a more traditional setup, AXI Select offers the MT4 desktop platform compatible with both Windows and Mac. This platform provides a comprehensive suite of tools and features, enabling detailed analysis and efficient trading.
|
Trading Platform |
Available |
|
MT4 |
Yes |
|
MT5 |
No |
|
CTRADER |
No |
|
PROPRIETARY |
No |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Standout Features for Traders
AXI Select distinguishes itself with several unique features designed to enhance the trading experience. One of the most notable is the absence of registration fees, making it an attractive option for cost-conscious traders. The platform also offers three attempts for traders, providing a fair chance to succeed without the pressure of immediate perfection.
The allocation account feature allows for a more flexible trading approach, accommodating different trading styles and strategies. Another standout is the Edge score, a unique metric that helps traders evaluate and improve their performance. Finally, AXI Select’s trader-centric approach ensures that the platform is tailored to meet the needs and preferences of its users, making it a reliable choice for experienced traders.
Research and Education
Extensive Learning Resources
AXI Select is committed to supporting traders with robust research and educational tools. The platform offers a wide array of resources designed to help traders enhance their skills and knowledge. These include detailed market analyses, trading tutorials, and expert insights, all aimed at equipping users with the information they need to make informed trading decisions.
If you are an experienced trader seeking advanced strategies, AXI Select’s educational offerings caters to you. This commitment to trader education ensures that users have the tools and knowledge to navigate the markets confidently and effectively. By providing these valuable resources, AXI Select helps its traders stay informed and ahead in the ever-changing financial markets.
Customer Support
*Granted to the Axi Group of Companies
Accessible Support
AXI Select offers comprehensive customer support designed to assist traders at every step. The platform provides multiple channels for support, including chat, email, and a bot service, ensuring that users can get help whenever they need it. Customer service is available 24/5, reflecting AXI Select’s commitment to being there for its traders during market hours. This extensive support network ensures that any issues or questions are addressed promptly and effectively, enhancing the overall trading experience. Whether you need assistance with account setup, trading inquiries, or technical support, AXI Select’s dedicated team is ready to help, providing a reliable and accessible support system for all users.
Account Opening
Streamlined Process
Opening an account with AXI Select is straightforward and efficient.
Registration: The process begins with an online registration, where users provide basic information to create their accounts.
Verification: Depending on the region, verification can either be immediate or within two weeks. For regions requiring immediate verification, users need to upload the necessary documents right after registration.
Document Upload: Traders are required to upload documents for identity and address verification. In regions with a lighter verification process, users can start trading immediately and have up to two weeks to complete their document upload and verification.
This streamlined approach ensures that traders can quickly start trading while maintaining compliance with verification requirements, providing a balance of convenience and security.
Deposit and Withdrawals
Smooth and Efficient Transactions
AXI Select offers a variety of methods for both deposits and withdrawals, ensuring convenience and flexibility for traders.
Deposits: The platform supports numerous deposit methods including Dollar Smart Global, DragonPay, Fasapay, Neteller, Skrill, POLi, Przelewy24, Zotapay, Astropay, Rapyd, Mybanq, Cellulant, Alogateway, Bitwallet, credit cards via Paysafe and Worldpay, EBUY, Perfect Money, Orbital, Global OTC, My Fatoorah, Waave, 1-2-Pay, PayPal, and cryptocurrencies like USDT, BTC, and ETH. Processing times vary by method, but all transactions are designed to be quick and hassle-free.
Withdrawals: Withdrawals can be made using the same wide range of methods as deposits, ensuring traders can access their funds efficiently.
This comprehensive selection of deposit and withdrawal options underscores AXI Select’s commitment to providing a seamless and user-friendly trading experience.
Final Thoughts
AXI Select emerges as a compelling choice for traders with its free-to-join program, fair structure, and absence of an evaluation stage. The platform’s robust selection of tradable instruments, including commodities, currencies, cryptocurrencies, indices, and stocks, caters to diverse trading strategies. AXI Select’s dedicated fraud prevention measures and best practice controls, provides traders with peace of mind.
Despite the time taken to progress and a minimum deposit requirement of $500, the platform’s multiple account types, comprehensive support, and user-friendly MT4 trading platform make it suitable for professionals. With a strong focus on trader-centric features and a wide range of deposit and withdrawal options, AXI Select offers a balanced and attractive trading environment for those seeking opportunities in the financial markets.
Contact Info
Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines
FAQs
-
Question: What does AXI do?
Answer: AXI Select provides access to trading a variety of instruments, including commodities, currencies, cryptocurrencies, indices, and stocks, through its MT4 platform, ensuring a secure and user-friendly trading experience. -
Question: What is the minimum deposit for AXI Select accounts?
Answer: The minimum deposit for an AXI Select account is $500. -
Question: Are there any trading fees on AXI Select?
Answer: Yes, normal trading fees apply depending on the account type. AXI Select has the same trading fees as the Standard account. -
Question: How does AXI Select ensure client fund security?
Answer: AXI Select adopts industry best practices to protect its systems and clients.
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