Adam Rosen - Lead financial writer
When trading live financial markets with Axi traders must have a clear understanding of all Axi commissions and fees. Commissions and fees are not standard across all trading platforms like Axi; rather, Axi fees may differ from other brokerage companies.
Axi allows traders to trade over 100 financial instruments including Forex, Minors, Cryptocurrencies, Majors, Exotics. Axi does not change an inactivity fee for dormant non trading accounts. Axi does not change an withdrawal fees from verified Axi accounts. There may be small fees when making deposits to Axi. Axi deposit fees will vary depending on your 3rd party deposit method, the currencies involved with your Axi deposit, the amount you are depositing to Axi and your country of residence. Axi does not charge account fees for standard Axi trading accounts.
If you want to engage in trading on the Axi trading platform, you will first need to fund your Axi live trading account. You can choose from a variety of deposit methods to send money into your Axi account including Credit cards, Debit cards, Bank Transfer, Neteller, BPAY, UnionPay, Payoneer,. You won't have to pay anything to sign up to Axi because registration and demo accounts on Axi are completely free, but you will need to put money into your live Axi account before you can use the Axi platform to place buy and sell orders on live financial markets.
Joining Axi is completely free, and new users automatically get a Axi demo account with a $100,000 virtual currency balance. The Axi trading platform imposes a variety of Axi spreads and fees, depending on the type of financial instrument traded on Axi or withdrawal methods requested on Axi.
Axi has no management fees. When buying or selling Forex, Minors, Cryptocurrencies, Majors, Exotics, on Axi levies straightforward, and completely transparent fees listed on the Axi website.
A wide variety of different financial services companies like Axi all charge brokerage fees. Axi fees are charged to their customers in order to maintain Axi customer accounts. Axi fees for brokerage services are typically calculated as either a flat rate or a percentage of the total amount that is currently held in a Axi customer's account. These Axi fees might also cover situations in which an Axi account becomes inactive, also known as a dormant Axi. Axi does not change an inactivity fee for dormant non trading accounts.
Axi and other brokers charge commissions on some traded financial instruments to have Axi orders to sell or buy financial securities on global markets executed on their behalf by Axi. It is important to check with your Axi bin order to determine the Axi commission charges that will apply to your Axi investment before you make it.
It is not necessary to pay any Axi fees or incur any costs in order to make a Axi deposit or transfer money into an Axi account. It is best to inquire with your 3rd party payment service provider beforehand about any fees associated with Axi transfers, as some of them may charge for the moving money to Axi or converting currency that goes to and from a live Axi trading account.
For example if your Axi account base currency is USD and your funding method is EUR or GBP, you will be subject to a currency conversion fee from your Axi deposit method used.
Axi supports the Forex, Minors, Cryptocurrencies, Majors, Exotics, withdrawal methods. Available Axi deposit methods may differ depending on your country of residence.
When you purchase anything on Axi, including Forex, Minors, Cryptocurrencies, Majors, Exotics, or any other assets, you will be subject to Axi spread fees. They are accounted for in the total purchase price that is displayed to you in Axi. Pips are used to measure prices for both Axi commodities and currencies. whereas percentages are used to describe stocks and various other assets on Axi.
Axi makes it simple to determine the cost of the Axi spread when trading virtually any instrument, including Forex, Minors, Cryptocurrencies, Majors, Exotics,. Axi, in contrast to the vast majority of other brokers, does not factor in the fractional pip when calculating Forex, Minors, Cryptocurrencies, Majors, Exotics, spreads. The difference between the Forex, Minors, Cryptocurrencies, Majors, Exotics, bid and the ask price fluctuates depending on the Axi financial instrument, asset class, and position.
On Axi, the ask rate is used whenever a position is long (BUY), but the bid rate is used whenever a Axi position is short (SELL). The terms "ask" and "bid" correspond to the Axi financial transactions known as "buy" and "sell," respectively.
Axi CFD positions that remain open overnight are subject to a nominal Axi charge that is proportional to the value of the Axi position. The cost of keeping Axi positions open over the weekend is referred to as the "Axi weekend fee." A Axi weekend fee is three times as much as an Axi overnight fee and serves essentially as an Axi interest payment to cover the cost of the Axi leverage that you use overnight.
Every Axi transaction has a $30 minimum withdrawal amount on Axi that can be made available to the Axi client. Any withdrawals made in a currency other than US dollars are subject to additional Axi fees to cover the cost of currency conversion. Since the US dollar is used for all deposits and withdrawals, any other currencies that are converted into dollars first need to be converted into US dollars when withdrawing from Axi.
Open CFD positions incur overnight fees each night, Monday through Friday, for the duration of their holding period. On Fridays, most stock, ETF, and index CFD traders are hit with a threefold increase in their weekend fee.
Axi management fees are calculated as a percentage of the assets that are managed in each fund, which is referred to as the AUM. There are no management fees charged for any trades that are executed through the Axi platform, including the purchase and sale of Forex, Minors, Cryptocurrencies, Majors, Exotics, on Axi.
If you hold a position in a Axi CFD overnight, you are subject to a small payment with Axi known as an overnight fee, which is also known as a Axi rollover fee. These Axi charges are a direct result of the supply and demand dynamics that are influencing the financial markets.
When you buy a Axi stock or an option, you will be subject to a Axi fee known as a stock trading fee or a trade commission on Axi. This Axi fee is calculated on a per-share or per-trade basis. A number of brokers like Axi charge additional fees, the most common of which are annual fees, research subscription fees, and other fees. However, as a result of competition driving down the cost of trading, the brokers like Axi have done away with these additional fees.
Lending money to Axi margin traders and earning interest on Axi customer deposits are the two primary ways that zero commission brokers generate revenue. Some Axi critics say that this is is a strategy to entice Axi customers into paying for additional services that they don't need, when trading with Axi.
Axi have made trading certain financial instruments like stocks more accessible using zero commission trades.
Axi will charge you fees when you open or close a position. Some Axi financial instruments do not offer zero commission trading for example that are leveraged or shorted, and additional Axi fees may still be applicable in some cases.
The fees are deducted from your Axi available balance and vary depending on the value of your Axi position as well as the direction (BUY or SELL) that it is moving in.
Traders are able to move cryptocurrency holdings from the Axi trading platform to their own personal Axi crypto Wallet. A transfer flat fee is applicable, regardless of the digital cryptocurrency being used as the currency on Axi. In certain circumstances, you might be eligible for an overnight refund, which indicates that the amount is credited to your Axi account rather than being subtracted from it.
Axi Leverage can be thought of as a high risk short-term loan that is provided to the trader by the Axi broker. This loan enables the Axi trader to open a Axi trade with a larger size despite having invested a smaller amount of capital with Axi. The use of Axi leverage is represented by a multiplier that indicates the extent to which the value of a position has increased in comparison to the initial sum invested with Axi. Axi traders should be careful when using leveraged trades. Although a leveraged Axi trade may have potentially huge gain in proportion to the amount deposited to Axi, the potential for loss is equally as great using Axi leverage. Axi leverage can go as high as 2:1 to 30:1. If you have a leverage ratio of 2:1, that indicates that you may borrow twice as much money from your Axi as the value of your investment. Axi leverage is often used with Axi CFD trading, which speculates on up or down price movement of financial instruments on Axi without owning any real underlying assets.
The abbreviation for "London Interbank Offered Rate" is "LIBOR." When determining the Axi overnight fees for stocks, Axi makes use of the US Dollar LIBOR rate for one month. The London Interbank Offered Rate (LIBOR) publishes 35 different rates every day; these rates range from overnight to 12 months and are based on five different currencies. Axi traders must keep an eye on LIBOR rates when understanding any potential Axi fees that may be applied.
Axi Rollover fees, also known as Axi weekend and overnight fees, are subject to periodic adjustments by Axi based on the conditions of the global market. Please be aware that any changes to Axi fees will always apply to positions that are currently open. Check out the Axi fees page will allow you to stay informed about the most recent Axi rollover fees and refunds.
The current state of the international financial markets may cause these Axi fees to be adjusted, and such adjustments may take effect with or without prior notification on the Axi trading platform. If you want to know the most up-to-date prices, it is best to check out the Axi fees page.
Axi Overnight fees (per night): The Axi fees price in US dollars is determined by multiplying the Axi fee by the number of units that were sold on Axi and basing it on a three-night-a-week, 24-hour rate.
If you haven't logged into your Axi account in a while, your Axi account is considered inactive. If you want to avoid being charged for Axi inactivity fees after a longer period of time, you need to be strategic about the Axi trading activity you engage in.
Axi Accounts that have been dormant for a year or more are subject to an inactivity on some trading platforms like Axi, which is deducted from the account on a monthly basis. This will result in the Axi remaining balance on the aforementioned Axi account being reduced by this amount.
Clearing is the process that ensures the settlement of Axi financial deals, which entails the accurate and timely transfer of monies to the Axi seller and the acquisition of securities by the Axi buyer. It is most frequently connected with the trading of Axi futures and encompasses all activities beginning with the making of a commitment and ending with the settlement of Axi transactions. Axi customers who use their Axi platform for trading and making profits do not have to pay any clearance fees because the Axi trading platform does not do so.
Before entering any Axi trade, it is important to first compute the risk-to-reward ratio for that Axi trade and then take that into consideration.
The Axi commissions charged for trading are continually being lowered. Think about putting your money to work with a broker like Axi that will let you buy and sell stocks and exchange-traded funds without charging you excessive Axi commissions or other fees. Because some companies like Axi require a low minimum deposit, you can open an Axi account with a low Axi balance initially without incurring any additional Axi fees. Investigate the Axi fee structure they use for their other investment vehicles to determine whether or not Axi fees are competitive.
Axi Fixed Spreads: No
Axi Variable Spreads: Yes
Axi Inactivity Fees: No
Axi Zero Spread Accounts: No
Axi Withdrawal Fees: No
🤴 Axi is Used By: 10,000
⚡ Axi is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), Financial Service Authority of St. Vincent and the Grenadines (FSA)
💵 What You Can Trade with Axi: Forex, Minors, Cryptocurrencies, Majors, Exotics,
💵 Instruments Available with Axi: 100
📈 Axi Inactivity Fees: No
💰 Axi Withdrawal Fees: No
💰 Axi Payment Methods: Credit cards, Debit cards, Bank Transfer, Neteller, BPAY, UnionPay, Payoneer,
💰 Axi Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
Axi Risk warning : Losses can exceed deposits
IC Markets Fixed Spreads: No
IC Markets Variable Spreads: Yes
IC Markets Inactivity Fees: No
IC Markets Zero Spread Accounts: Yes
IC Markets Withdrawal Fees: No
🤴 IC Markets is Used By: 180,000
⚡ IC Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
💵 What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
💵 Instruments Available with IC Markets: 232
📈 IC Markets Inactivity Fees: No
💰 IC Markets Withdrawal Fees: No
💰 IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
💰 IC Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
IC Markets Risk warning : Losses can exceed deposits
Roboforex Fixed Spreads: Yes
Roboforex Variable Spreads: Yes
Roboforex Inactivity Fees: No
Roboforex Zero Spread Accounts: Yes
Roboforex Withdrawal Fees: Yes
🤴 Roboforex is Used By: 10,000
⚡ Roboforex is Regulated by: Financial Services Commission (FSC) License 000138/437
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
💰 Roboforex Account Base Currencies: USD, EUR, XAU
Roboforex Risk warning : Losses can exceed deposits
AvaTrade Fixed Spreads: Yes
AvaTrade Variable Spreads: Yes
AvaTrade Inactivity Fees: No
AvaTrade Zero Spread Accounts: No
AvaTrade Withdrawal Fees: No
🤴 AvaTrade is Used By: 200,000
⚡ AvaTrade is Regulated by: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
💵 Instruments Available with AvaTrade: 1000
📈 AvaTrade Inactivity Fees: No
💰 AvaTrade Withdrawal Fees: No
💰 AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
💰 AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD
AvaTrade Risk warning : 71% of retail CFD accounts lose money
FP Markets Fixed Spreads: No
FP Markets Variable Spreads: Yes
FP Markets Inactivity Fees: No
FP Markets Zero Spread Accounts: Yes
FP Markets Withdrawal Fees: No
🤴 FP Markets is Used By: 10,000
⚡ FP Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
💰 FP Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
FP Markets Risk warning : Losses can exceed deposits
NordFX Fixed Spreads: Yes
NordFX Variable Spreads: No
NordFX Inactivity Fees: No
NordFX Zero Spread Accounts: Yes
NordFX Withdrawal Fees: No
🤴 NordFX is Used By: 10,000
⚡ NordFX is Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
💵 What You Can Trade with NordFX: Forex, Majors, Metals,
💵 Instruments Available with NordFX: 50
📈 NordFX Inactivity Fees: No
💰 NordFX Withdrawal Fees: No
💰 NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
💰 NordFX Account Base Currencies: USD, EUR
NordFX Risk warning : Losses can exceed deposits
XTB Fixed Spreads: No
XTB Variable Spreads: Yes
XTB Inactivity Fees: Yes
XTB Zero Spread Accounts: No
XTB Withdrawal Fees: No
🤴 XTB is Used By: 250,000
⚡ XTB is Regulated by: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
💵 What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with XTB: 4000
📈 XTB Inactivity Fees: Yes
💰 XTB Withdrawal Fees: No
💰 XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
💰 XTB Account Base Currencies: USD, GBP, EUR
XTB Risk warning : 76% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone Fixed Spreads: No
Pepperstone Variable Spreads: Yes
Pepperstone Inactivity Fees: Yes
Pepperstone Zero Spread Accounts: No
Pepperstone Withdrawal Fees: No
🤴 Pepperstone is Used By: 89,000
⚡ Pepperstone is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
💰 Pepperstone Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, HKD
Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
XM Fixed Spreads: No
XM Variable Spreads: Yes
XM Inactivity Fees: Yes
XM Zero Spread Accounts: Yes
XM Withdrawal Fees: No
🤴 XM is Used By: 10,000,000
⚡ XM is Regulated by: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
💵 What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
💵 Instruments Available with XM: 1000
📈 XM Inactivity Fees: Yes
💰 XM Withdrawal Fees: No
💰 XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
💰 XM Account Base Currencies:
XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor
accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford
to take the high risk of losing your money.
eToro Fixed Spreads: No
eToro Variable Spreads: Yes
eToro Inactivity Fees: Yes
eToro Zero Spread Accounts: No
eToro Withdrawal Fees: Yes
🤴 eToro is Used By: 20,000,000
⚡ eToro is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
💵 What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with eToro: 2000
📈 eToro Inactivity Fees: Yes
💰 eToro Withdrawal Fees: Yes
💰 eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
💰 eToro Account Base Currencies: USD
eToro Risk warning : 51% of retail investor accounts lose money when trading CFDs with this provider.
FXPrimus Fixed Spreads: No
FXPrimus Variable Spreads: Yes
FXPrimus Inactivity Fees: No
FXPrimus Zero Spread Accounts: No
FXPrimus Withdrawal Fees: Varies
🤴 FXPrimus is Used By: 10,000
⚡ FXPrimus is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
💰 FXPrimus Account Base Currencies: USD, GBP, EUR, SGD, PLN
FXPrimus Risk warning : Losses can exceed deposits
easyMarkets Fixed Spreads: Yes
easyMarkets Variable Spreads: No
easyMarkets Inactivity Fees: No
easyMarkets Zero Spread Accounts: No
easyMarkets Withdrawal Fees: No
🤴 easyMarkets is Used By: 142,500
⚡ easyMarkets is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
💰 easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR
easyMarkets Risk warning : Your capital is at risk
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