AXI - Copy expert traders (tax free) 💸

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25 Apr

Written By Charlie (Admin)

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Earn - Tax free trades | Time - Instant | Cash Needed - £500+

Axi is a global online broker offering trading platforms for forex, shares, indices, and commodities. They are also the official sponsors of Manchester City!
Feel free to see how hundreds of people are getting on in our Copy Trading Facebook community.
Does this run on autopilot?
Yes, you mimic the traders you wan’t to. You place/close very trade they decide to. You can close your own trades if you wish within the ‘open’ trades section (alternatively you can leave it and allow it to close automatically when the trader sees fit).
Can I follow multiple traders?
Yes, you can follow as many traders as you like. It’s worth considering their past performance before deciding who to follow. On the Facebook community you can see who our members are following!
My open trades are all negative?
It’s likely a lot of your open trades will be at a loss. This is normally because the traders waiting to see if they hit a profit before closing.
Should I leverage at a higher amount?
Leveraging at a higher amount increases your exposure. Greater profits or greater losses.
How long do withdrawals take?
From our experience approx 5 days - other members have confirmed this.
Do I need to close my trades before withdrawing?
Your available margin will be the amount you can withdraw. You cannot withdraw money that’s already placed on trades. You would want to close the trade/stop following the traders and then withdraw your funds.
Can I lose more than my initial investment?
Providing you set a hard stop level of 100% your trades would automatically close if your account were to fall into a loss!
STEP 1
1) Click here to be taken to the account set up page. There you will complete registration, confirm your ID and fund your account.
2) Select the ‘Spread Betting’ account (in the UK you do not pay tax on spread betting profits!).
STEP 2
1) Download the AXI copy trading app.
2) On the app select the account tab in the bottom right hand corner.
3) Then scroll down and click the yellow button which says “Link an account”.
4) You’ll receive your log in details via email.
Step 3
1) Head to the discover tab in the bottom left hand corner and select which trader you would like to copy.
2) To start copying someone simply:
- Select their profile once on the discover tab
- Tap the yellow button which says copy next to their profile picture
- On trade size you can either select fixed, mirror master or proportional by equity.We are using the ‘proportional by equity’ option and on the 0.1. This means if the trader has a larger balance we will copy the same trades but with a smaller equal amount
- We have the ‘round up to minimum trade size’ ticked / the ‘copy existing trades’ unticked
- Click the yellow button at the bottom which says Agree and Copy
- You must set your own drawdown level as you see fit and your risk tolerance allows but 100% hard stop level would imply all of your trades are sold off
Feel free to join the Copy Trading Facebook group here!