Is Axi a Market Maker?

Axi, previously known as Axitrader, is a broker from Australia. It is regulated by ASIC, the FCA, and the DFSA. After thoroughly researching Axi, we found that it is an okay option for traders interested in forex and CFD trading. While Axi provides decent services and features, it doesn’t stand out as the best choice. It’s suitable for traders who want a reliable platform with basic features. In this review, we’ll discuss whether Axi acts as a market maker or not.

What is a market maker broker?

Before we get into whether Axi is a market maker or not, let’s first understand what a market maker broker does. A market maker broker is like a middleman in financial markets, such as stocks, foreign exchange (forex), and cryptocurrencies. They help people trade by making sure there are always buyers and sellers available.

These brokers set their own prices for buying and selling financial stuff. The price to buy is called the bid price, and the price to sell is called the ask price. The gap between these prices is how the broker makes money, and it’s called the spread.

Market makers are always ready to trade, even if there aren’t many other traders around. So, if you want to buy or sell something, you can do it through a market maker broker if you have an account with them. You’ll either buy at their selling price or sell at their buying price.

Is Axi a market maker?

No, Axi isn’t a market maker. It doesn’t have its own dealing desk (it is a non-dealing desk broker). When you trade with Axi, your orders go straight to liquidity providers or the market. We tested Axi’s services thoroughly by opening a real-money account with our analyst team. Here are the key points we found:

• Axi isn’t a market maker, so it doesn’t run its own dealing desk.
• Your trades with Axi get sent to liquidity providers or directly to the market.
• Brokers like Axi who don’t have dealing desks usually offer lower spreads but might charge a commission.
• The most common types of order execution used by brokers like Axi are ECN and STP.

FAQs

What kind of broker is Axi?

Axi is a well-known online forex and CFD broker established in 2007. We offer competitive trading, advanced trading platforms, and a wide range of financial instruments.

Does Axi provide the best execution for my orders?

Axi aims to get you the best deals for your trades. This means we try to execute your orders in a way that benefits you the most. We follow rules set by regulators to ensure fairness. We regularly check different markets and options to find the best terms for executing orders.

Is it possible for me to direct my trades at Axi?

Yes, with Axi, you have the freedom to direct your trades to specific exchanges, market makers, or ECNs. Just get in touch with your broker to arrange this. Keep in mind that some brokers might charge for this service. Many non-dealing desk brokers, like Axi, allow active traders to pick where their orders go.

Is Axi an ECN broker?

Yes, Axi offers an ECN account.