Has anyone got any experience with Axia Futures?
Their commission rates are very low, combined with low fixed costs. Is there any guarantee for a trader who deposits funds with Axia, or can they just take the money and run?
Has anyone got any experience with Axia Futures?
Their commission rates are very low, combined with low fixed costs. Is there any guarantee for a trader who deposits funds with Axia, or can they just take the money and run?
If trading through their accounts you will get reduced round trip costs but they will get a share of your profits. Unless you are a heavy volume trader that scalps (e.g. 2-3 ticks profit with 20 contracts+) then it probably isn't worth it.
You get increased margin and lower round trip costs as your funds are co mingled with other traders as a pool so you have 'buying power' and get volume discounts. So yes, if a few blow up in a big way then your money is gone. I would recommend that you as k to see profit levels (and not just balance levels) of traders who you share your pool with, because their success depends on whether your money disappears or not!
