Does Axi have a competitive spread?
Axi keeps the cost of online forex trading low with competitive spreads. Traders access a wide range of currencies, commodities and indices using our platform for the low spreads. In some cases, for certain account types, our spreads may be as low a 0.0 pips and we are always striving to ensure they are some of the most competitive you will find.
For your information, a ‘spread’ is the small cost built into the buy (bid) and sell (ask) price of every currency pair trade. It is also known as ‘markup’ and can also be explained as the cost of trading. The benefit of trading on the foreign exchange is that spread costs are generally very low but it’s always good to shop around to find the lowest spreads.
Our forex trading platform is able to provide competitive spreads thanks to our network of tier-one prime brokers and liquidity providers; global banks and financial institutions. These trusted sources give us access to a wider pool of liquidity. As a result, we can pass low spreads to our clients.