Axiau Review

Trading Platforms

Available Assets

Funding Options

Company Information

Pros

Cons

General Information

Overview

Axiau provides online forex, CFDs, commodities, indices, and crypto trading services. Axiau is a global service provider (but with a few exceptions) and operates a single entity in the world.

What Axiau is best for

We selected Axiau as the best forex broker, trading platform, and app for stock trading this year based on an in-depth analysis of hundreds of online brokers that included testing their live accounts. If you are a beginner, it will suit you. The broker offers a facility of demo account for practicing before starting with the real money. A rookie trader can enjoy the same environment in demo trading that a real trader can enjoy.
The setback is that you can’t open an account at Axiau if you live in the United States, Iran, and a few more countries.

Axiau Pros and Cons

An excellent and well-designed trading platform drives the Axiau trading experience. Research services are also superb, with Axiau’s research team constantly providing trading ideas. Axiau has a wide-ranging product portfolio, meeting the needs of even heavy traders.
On the negative side, Axiau does not offer swap-free Islamic accounts. Besides this, the broker does not have bonds and options for trading. The minimum deposit is relatively high (starting from $250), depending on your residency country. Plus, there is no live chat customer support or 24/7 availability.

Pros

  • Availability of MetaTrader 4 and Proprietary WebTrading platform.
  • Tight commission and spreads on certain assets.
  • No deposit and withdrawal fees.
  • No account inactivity fees.
  • Various deposit and withdrawal options.
  • Trading accounts for every level of trader.
  • The facility of demo accounts.
  • Good customer support.

Cons

  • No Islamic swap-free accounts.
  • The minimum deposit is on the higher side, i.e., $250.
  • Funds are not kept in segregated accounts.
  • No 24/7 customer support.

Fees

Axiau has overall average trading and non-trading fee with significant differences between the fees for various asset classes.
First, let’s go over some fundamental terms related to broker fees.
Trading fees are charged when you trade. These can be spreads, commissions, and conversion fees.
Non-trading fees include charges that are not directly related to trading, like account inactivity fees and withdrawal fees.

Axiau trading fees

Axiau has an average trading fee structure overall. Although the fee is not charged the same on all account types, it is easy to calculate and transparent. We analyzed the fee structure of the Bronze account. Axiau’s Silver and Gold accounts have a more favorable pricing structure but require higher minimum deposits.

Axiau is recommended if you require quality service and are willing to pay above-average fees in exchange. If you want a bargain, you can look for other brokers where you may have to compromise on quality.

Now, let’s break down Axiau’s fees for different asset classes.

Axiau has low forex fees, which stack up positively against the fees of its selected competitors.

Axiau has low stock index CFD but high stock CFD fees. The trading fees of a stock index, commodity, forex, and CFDs are built into the spread. Axiau’s stock CFD fees are volume-based, but there is a minimum fee.

Non-trading fees

You are charged for currency conversion if you trade assets denominated in a different currency than your account’s original currency. The currency conversion rate is calculated as the mid-forex spot rate +/-1%. Silver and Gold accounts are charged a lower markup. Positions held overnight in futures, CFDs, and short options are subject to a carrying cost.

The broker does not charge any account inactivity fees. This implies that if you don’t do any activity in your account, even for months, you will not be asked to pay the penalty for not using the account. You need to re-deposit the minimum balance, and you are good to go.

Account opening

Axiau’s account opening is fully digital, user-friendly, and available in most countries. However, the minimum deposit is high ($250) in certain countries, and verification can be slow.

Where can you open an account

Axiau’s accepts clients worldwide, with a few exceptions; for example, you can’t open an account if you are a US, Iran, Cuba, Sudan, Syria or North Korea resident.

What is the minimum deposit at Axiau

The required Axiau minimum deposit is $250 for a Bronze account. The minimum deposit varies with the account type. For example, the minimum deposit amount on Silver and Gold accounts is even higher.

Account types

Axiau offers three account types all over the world:

  • Bronze
  • Silver
  • Gold

With a Gold account, you can enjoy more favorable pricing structures, and such account holders have their dedicated contact person.

How to open your account

Axiau’s opening process is fast and fully digital. Online registration takes only 10-15 minutes, but account verification is comparatively slower.

Axiau’s account opening process consists of the following steps:

  • Filling out an online application.
  • Go through the approval process.
  • Funding the account.

To verify your identity, you have to upload the following documents:

  • Proof of identity: That could be your national ID card or passport.
  • Proof of residency: That could be your bank or tax statement.

After approval, you are required to fund your account to have it fully operational; however, we didn’t receive any notification during the process about this requirement. Depending on the deposit method, funding can take 1 to 5 business days.

Deposit and Withdrawal

Axiau provides multiple deposit and withdrawal options, free of charge, on a user-friendly interface. You can use wire transfers, debit/credit cards, and cryptocurrencies to deposit and withdraw funds. It is to be noted that the same way you are using to fund the account will be used for withdrawals.
An acceptable way to save on currency conversion fees is by opening a multi-currency bank account with a digital bank. Digital banks offer bank accounts in several currencies with great pricing and free.

Deposit fees and options: Axiau charges no deposit fees. You can make a bank transfer, credit/debit card, or electronic wallets to deposit funds.
To test the deposit process, we transferred money from our account, which arrived instantly. Credit/debit card payment must be instant, but bank transfers can take several business days. It has to be noted that you can only deposit money from accounts in your name.

Axiau’s withdrawal options and fees: We were delighted that the broker does not charge any withdrawal fee. You can only use the same method of withdrawal you have used to fund the account, similar to most competitors. The broker does not charge any deposit/withdrawal fees. However, the fees are charged by the intermediaries processing the transaction. It is not fixed and depends on the country you are trading.

How long it takes to withdraw money from Axiau: If you are taking the withdrawal via bank transfer, it will take 1 business day. You can only withdraw funds to accounts in your name.

Web Trading Platform

Axiau’s web trading platform is one of the best in the market. It is Easy to use and provides features tailored for professionals, such as an advanced order panel. Axiau’s web trading platform runs under the name Axiau Web Trader.

Look and feel: Axiau WebTrader is a fine platform; two features we like to highlight are its state-of-the-art design and user-friendliness.
The platform is highly customizable and meets the needs of both novice and professional traders. However, customizability has limits; for example, you can change the size of various tabs but not their relative positions.

Login and Security: Axiau has a safer two-step login system, which is optional.
Search functions
Axiau’s search functions are great as they are relevant and grouped according to the asset class. The results will show Apple stocks, CFDs, and options if you search for Apple.
A drop-down button is on the right panel of the search box for filtering results.
For example, you can drop down stock search results to specific countries and filter forex search results for major or minor currency pairs.

Placing orders: You can enjoy many order types and order time limits.
The selection includes:
 -Market
 -Limit
 -Stop limit
 -Stop
 -Trailing stop

There are also some order time limits available on the platform.

Alerts and notifications: You can get a wide range of alerts:
 -Portfolio change
 -Margin call, etc.
 -Position closing/opening
 -Price alert

You can get the platform’s notifications in email or as pop-up messages.

Portfolio and fee reports: These reports are fully transparent. You can catch and download reports below the ‘Account’ tab. The history of profit/loss balance and costs paid are clear and easy to track.

Mobile Trading Platform

Axiau’s mobile trading platform has both Android and iOS versions.

The app is available in the same languages as the web trading platform and includes the same search functions, order types, and alerts. It provides two-factor authentication.

However, the platform’s user-friendliness falls short of the web trading platform. We liked the modern design but were slightly disappointed by the confusing menu structure, which sometimes made it difficult to find what we were looking for.

Markets and products

Axiau’s product portfolio covers all asset classes and a lot of markets globally. Axiau has an excellent product portfolio, from stocks to CFDs; you will find everything.

Summing up, you can trade forex, stocks, indices, commodities, and cryptocurrencies with Axiau. On the downside, options and bonds are not available with this broker.

Research and Education

Charting: The interactive chart function is user-friendly and favorable for starters. You will find more than 50 technical indicators and can add many tools, like trendlines or Fibonacci. Furthermore, there is a trading signal tool that gives you a buy/sell signal based on technical indicators.


News feed: Axiau’s trading platforms include a news feed and an economic calendar. One slight drawback is that you cannot filter news by assets.

Customer service

Axiau’s customer service is available in English, with phone and email support that works well despite minor issues. On the downsides it does not include live chat and 24/7 availability.
Based on our findings, you can contact Axiau via:
 -Phone
 -Email
 -Viber
 -Whatsapp


Overall, we were pleased with Axiau’s customer service. We received relevant answers over the phone; however, the connection took some time. Email responses were received within one day but were not always correct.
A contact form may also be used as an intelligent FAQ. It answers fundamental questions like “what is the inactivity fee?” but cannot answer specific questions. The quality of chatting with a real person would solve this issue. They also offer a support portal that works similarly.
Axiau’s phone customer service is available from Monday to Friday between 9:30 am and 9:00 pm GMT.

Safety

The layout of websites seems just like a brand, while the services offered are authentic and genuine. There have not been any complaints or severe issues by the customers. The website has followed all security measures, including the Cloudflare affiliation and SSL certification.

Bottom Line

Axiau is one of the top-notch brokers offering a mix of quality and various services. The broker offers a user-friendly and well-designed trading platform backed by outstanding research. The product portfolio covers all asset types except for options, bonds, and ETFs.

It does, however, have certain drawbacks. Futures fees are high. There is also a high minimum deposit of $250. (above the industry average). Finally, there is no live chat or 24/7 customer support. By creating an account, you will receive a comprehensive, well-developed service that is regularly updated to the demands of clients.