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Axi Select – Take the next step in trading

  • #41
  • Oct 29, 2023 4:26pm Oct 29, 2023 4:26pm
Quoting OutThere
Hi. Not a huge concern and maybe you have already mentioned it but I'm wondering if the new Edge score is effective as of when it was implemented in September or does it encompass all trading history from begining of account opening until now?
Hi Outhere,

The edge score for existing Axi accounts takes into account history. I think it is 1 years worth of history but I will need to confirm this. Of course for all new clients or existing clients once they qualify for the Axi Select program, they are provisioned a new Axi Select account which starts from the beginning aka no history.
  • #42
  • Oct 29, 2023 7:30pm Oct 29, 2023 7:30pm
Quoting OutThere
Another concern. I live in a country where regulation of the financial industry and the enforcement of them is a huge industry in itself and far reaching beyond to the other countries as well. Trading for someone or an entity requires registration and that registration is very complex and costly. Certainly not worth it to just trade a prop like account. If found in violation of the rules, heavy fines, being barred from trading for life and seizure of personal assets and even jail time are some of the grim possibilities to consider. You mentioned...
Hi OutThere,

We have a compliance and a legal team who look after the different regulations and licenses that Axi have. The Axi Select program is only available to clients of AxiTrader Limited which is incorporated in St Vincent and the Grenadines.

As for country specific rules, Axi is not a financial or legal advisor, so you are encouraged to seek independent advice which will be tailored to your local jurisdiction.
  • #43
  • Oct 29, 2023 7:32pm Oct 29, 2023 7:32pm
Quoting bubincka
I started the Axi Select path a couple of weeks ago, so far so good. What catches the eye is the jump between Acceleration (max funding 100K) and Pro (max funding 200K), going from a required edge score of 70 to 90, while in my opinion it would be appropriate to maintain a step of 10, at least up to 200K . In other words, to be consistent with the model, it should be possible to reach a max funding of 200K with an edge score of 80. Why is this not possible? Thank you and best regards, Bubincka
Hi Bubincka,

Glad you are enjoying the Axi Select program so far. The program structure has been carefully planned and a lot of thought has gone into the scores required for each stage. Of course, we will evaluate and listen to client feedback now the program is live. We can change the requirements if need be. Your concern/recommendation has been noted. Thank you
  • #44
  • Oct 29, 2023 7:52pm Oct 29, 2023 7:52pm
Quoting codemaster75
Greg, Looking at this from an investor point of view or another form of income, has AS considered running a portfolio of copy trading from the top traders whereby investors would copy their trades into their own account for a small fee? I think Psyquation tried to get this happening (alpha copy trading service) and I think at one stage you could even select which top traders you wanted to copy, but none of this really took off. Secondly, did AS recruit any of the staff that made Psyquation possible? or is it a totally new crew? And Lastly, how big...
Hi Codemaster,


We do not allow Copy Trading in the Axi Select program. You are correct that Psyquation did offer it. Copy Trading is also a service offered currently by Axi.

Sergey is still with us and he played a very big part in helping to create the new Axi Select program. Regarding the team size, it’s hard to put an exact number. There are 3 of us who created the Axi Select concept and we currently work with all the different Axi teams to build, maintain and run Axi Select. For example, Marketing, branding, product, trading, efx, delivery, client services, Middle office etc. So quite a lot! Axi Select was also one of the biggest launches in Axi history, so we have utilised a lot of team members to make this happen!
  • #45
  • Oct 29, 2023 7:55pm Oct 29, 2023 7:55pm
Quoting OutThere
{quote} While Greg contemplates replying, I like to expend on my earlier question. I hadn't traded live at Axi for a while until about 1.5 months ago. I have I think about 10 accounts there and all of them were completely blank with no history. I assumed the history was archived. So I picked a couple of random ones and funded them and began trading. Within a couple of weeks, the history of one account was reinstated while the other one remained without history. So, is my edge score calculated based on all my history of a few years? If so, what about...
Hi OutThere

Existing Axi accounts sole purpose for the Axi Select program is only to reward existing Axi traders who already have a track record with us to skip directly to the seed stage. Once you start the seed stage with your new account, you (just like all new Axi Select traders) will need to place 20 trades in order to get a score for your new account. You are not penalised for having a long history then. There is no difference once qualified between existing or new Axi clients. All scores you see on the leaderboard refer only to the New Axi Select account.
  • #46
  • Oct 30, 2023 2:54am Oct 30, 2023 2:54am
Quoting GregRubin
{quote} Hi Outhere, The edge score for existing Axi accounts takes into account history. I think it is 1 years worth of history but I will need to confirm this. Of course for all new clients or existing clients once they qualify for the Axi Select program, they are provisioned a new Axi Select account which starts from the beginning aka no history.
Hi Greg,

Currently in Australia, every year or so Axi truncates the trading history, which stuffs up past statistics on other trading websites and hence is probably where you say the 1 years worth of history comes from. Even though it hasn't been a year yet,

Does Axi truncate the trading history with the new Axi Select accounts?
(Green Diamond) Pip Impact Member (top 1%)
  • #47
  • Oct 31, 2023 1:12am Oct 31, 2023 1:12am
This is just an example of how a regulator can swoop down on an unsuspecting trader. A few years back, they nailed a guy to the wall for trading for his friends and family. He didn't charge them any fees, commission or a cut. Instead, he opened a rebate account in the name of his wife and collected rebates on trades from those accounts.
They got him for subversion of the regulator's rules. In other words, he had found a way to get around the rules and make money indirectly. Anyone else stumbling upon such a case, would probably realize that the regs can make up reasons to get you if they want. What is a more general charge than subversion? If you are not exactly walking on the straight line, you are subverting.
Now, finding a way to make money without being registered through an offshore's broker's program could easily be called a subversion of the rules. That might happen or it might not. Who wants to take a risk to become a poster boy for it? Certainly not me.
I'm out.
  • #48
  • Nov 10, 2023 9:07am Nov 10, 2023 9:07am
Hi Greg,

Psyquation was around for about 5 years and they had statistical data on many trading accounts from many different brokers. That's a lot of knowledge to be acquired over such a long period of time.

What valuable lessons did Axi Select learn from all this knowledge acquired by Psyquation?

What things have Axi Select done differently that Axi Select feel is an improvement on Psyquation?

What things about Psyquation have Axi Select both liked and kept the same?

What things are Axi Select doing to ensure clients they are constantly learning, evolving and making good use of the data they collect both now and in the future?
(Green Diamond) Pip Impact Member (top 1%)
  • #49
  • Dec 16, 2023 8:42am Dec 16, 2023 8:42am
Quoting GregRubin
{quote} Hi Doji, Axi Select does not charge any registration fees to participate in the program. We do not offer a free trial as our program is completely free to join. That said, whilst we do not charge any fees, we do require clients to deposit $500 USD into their own Axi Select account. These funds are completely the traders funds. For further information on how Axi Select works, please click on the link below. https://axidocs.s3.ap-southeast-2.am...gram+Rules.pdf...
so does this mean that Axi is actually a market market maker?

quote: "In our dealings with you, we will act as a principal counterparty to all of your positions."
  • #50
  • Dec 24, 2023 11:27am Dec 24, 2023 11:27am
Hi. Considering Axi Select. Can I use expert advisors there?
  • #51
  • Dec 24, 2023 1:43pm Dec 24, 2023 1:43pm
Quoting doyathink
Hi. Considering Axi Select. Can I use expert advisors there?
Yes, you can!
there is always, always another trade!!
  • #52
  • Mar 12, 2024 8:42am Mar 12, 2024 8:42am
any active trader under this program?
  • #53
  • Apr 10, 2024 8:45am Apr 10, 2024 8:45am
I have tried for nearly one month.
  • #54
  • Apr 25, 2024 1:50am Apr 25, 2024 1:50am
Hi Greg,

In your first post, you say "Our offering is much more than just the funding we provide. We also aim to build an inclusive online community". Even though the Prop funding is not available to "AU, NZ and UK residents", I would like everybody to have the opportunity to participate in both the forums and trading system statistics/journals. Similar to what was available when Psyquation was around.

When Psyquation was around, Psyquation allowed almost any broker account to connect to it and you got to see how your trading journal/statistics (not just the Psyquation score) compared with others on the leaderboard. You could also follow other people. They didn't have a forum though which probably would of made it better.

My question is, in the foreseeable future, do you see AxiSelect expanding to allow anyone to be able to connect any brokerage account to AxiSelect to see similar statistics like with Psyquation, follow people on the leaderboard and participate on the AxiSelect forums?
(Green Diamond) Pip Impact Member (top 1%)
  • #55
  • Apr 25, 2024 9:12am Apr 25, 2024 9:12am
What is Axi Select? Axi Select is a capital allocation program offering up to $1 million with 90% profit retention. How does trading with Axi funds work?
FXRobustix: MT4/MT5 EA Robustness Testing Beyond - https://fxrobustix.com/
  • #56
  • May 1, 2024 7:44am May 1, 2024 7:44am
Quoting perfectionis
What is Axi Select? Axi Select is a capital allocation program offering up to $1 million with 90% profit retention. How does trading with Axi funds work?
Axi Select sounds like a prop trading program, where Axi provides you with capital to trade while keeping a significant portion of the profits. It's essential to understand the risks involved, including potential margin calls and the psychological pressure associated with managing such a large sum. Have you considered the specific terms and conditions associated with this program?
  • #57
  • May 1, 2024 7:50am May 1, 2024 7:50am
Quoting OutThere
This is just an example of how a regulator can swoop down on an unsuspecting trader. A few years back, they nailed a guy to the wall for trading for his friends and family. He didn't charge them any fees, commission or a cut. Instead, he opened a rebate account in the name of his wife and collected rebates on trades from those accounts. They got him for subversion of the regulator's rules. In other words, he had found a way to get around the rules and make money indirectly. Anyone else stumbling upon such a case, would probably realize that the...
The example highlights the importance of clear regulatory understanding. While the intent may not have been malicious, skirting the rules through technicalities can still lead to penalties. The key takeaway is operating within the defined framework, even if it might seem overly restrictive.
  • #58
  • May 1, 2024 7:54am May 1, 2024 7:54am
Quoting codemaster75
{quote} Hi Greg, Currently in Australia, every year or so Axi truncates the trading history, which stuffs up past statistics on other trading websites and hence is probably where you say the 1 years worth of history comes from. Even though it hasn't been a year yet, Does Axi truncate the trading history with the new Axi Select accounts?
That's a valid concern. It's true that Axi has been known to truncate trading history in Australia, which can disrupt historical data analysis. While it's unclear if this applies specifically to Axi Select accounts, it's always a good idea to clarify with Axi support to ensure your trading data remains accessible for the long term.
  • #59
  • May 20, 2024 9:50pm May 20, 2024 9:50pm
Quoting GregRubin
{quote} Hi Outhere, The edge score for existing Axi accounts takes into account history. I think it is 1 years worth of history but I will need to confirm this. Of course for all new clients or existing clients once they qualify for the Axi Select program, they are provisioned a new Axi Select account which starts from the beginning aka no history.
Hi GregRubin.
I have an Axi Select account with a score of 65, but I withdrew all money from it several months ago due to personal reasons.
Now I want to start over, could it be possible for me to deposit into this old account and continue trading from where I have left?
  • #60
  • Jul 29, 2024 1:37pm Jul 29, 2024 1:37pm
Looks interesting , where is Greg ?
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