axitrader

Broker Information

  • Company Name: AxiTrader
  • Founded: 2007
  • Country: Australia
  • Phone: +6199655830

Platform Info

  • Platform: MT4, Currenex
  • Dealing Desk: No
  • Web Based: Yes
  • Mobile Trading: Yes

Broker Services

  • Regulators: ASIC, FCA, DFSA, FMA
  • Minimum Deposit: $0
  • Leverage: 1:400
  • US Clients: No
  • Funding Methods: Credit/Debit Cards ,Wire Transfer ,Skrill ,Neteller ,Global Collect ,BPAY ,China UnionPay
  • Pairs Offered: 80+

AxiTrader Review

AxiTrader is an online Forex / CFD broker, which was founded in 2007, in Australia. However, having more than a decade old is not the main selling point of the operation.

Licensed in the United Kingdom, the brokerage offers an excellent selection of complementary services, such as no less than three VPS solutions, a trade academy, Autochartist and PsyQuotation.

In its 12 years of existence, AxiTrader had a lot of time to accumulate comments from users. Based on what your real traders have to say about it, it is safe to conclude that the brokerage is really reliable. That said, there are always some mixed complaints in the feedback flow and it’s always worth taking a look at those complaints.

Some of the disgruntled customers accuse AxiTrader of hunting in stop loss. Others claim manipulation of the spread and report several problems with withdrawals. Others call him to make his market. The bottom line is that, in general, the feedback is predominantly positive, despite the problems mentioned above.

The corporate fund of the brokerage is very solid. The name of the parent company is AxiCorp Financial Services Pty Ltd. Headquarters are located at Level 10, 90 Arthur Street, North Sydney, 2060, Australia.

AxiCorp is a registered company in Australia and New Zealand. Their registration numbers are ACN 127 606 348 and NZBN 9429042567608. The broker’s financial services license number is 318232.

The brokerage maintains physical offices in the United Kingdom and the United Arab Emirates as well. It is regulated in no less than four jurisdictions: in Australia, by ASIC, in Austria, by the FMA, in the United Arab Emirates, by the DFSA and in the United Kingdom, by the FCA.

European brokerage clients are mainly interested in the British side of the operation.

The broker branch in the United Kingdom is represented by AxiCorp Limited. The company is registered in England and Wales, with the company number 06378544. The registration number of the FCA operation is 509746. The address of the UK office is 55 Baker Street, London W1U 7EU.

The FCA regulation probably means that the service is compatible with MiFID. In fact, AxiTrader can legally sell financial services throughout the EU, with the exception of France and Belgium.

The United States is also among the countries of which AxiTrader does not accept merchants.

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Why should I, as long as I live in a country where AxiTrader operates, register to obtain an account?

The official website of AxiTrader presents a clear case in this regard. The website does not fail to mention that AxiTrader is, in fact, one of the most trusted forex brokers in Australia.

The brokerage offers a complete commercial experience. It is compatible with MT4, the superior Fx trading platform, and also provides mobile commerce applications. Its commercial conditions are excellent and its servers based in New York offer an execution at the speed of light.

The agent not only allows the use of EA, but also offers a selection of puzzling options for VPS. The VPS are necessary for the proper functioning of the EA.

A Demo account is also available, and two types of account are shown: Standard and Pro.

AxiTrader’s Account Types

As mentioned, there are currently two types of accounts available: one standard and one professional.

Of these, the standard option is obviously the most affordable / accessible.

Interestingly, neither of the two types of accounts requires a minimum deposit.

The MT4 Standard Account offers access to the complete selection of negotiable assets supported by the broker. This means more than 80 currency pairs, as well as metals and CFDs. Crypto CFDs are also available. This new asset class can only be negotiated through CFDs. The broker does not offer any real cryptocurrency for sale.

Spreads in the standard account start at 1 pip, and no commissions are charged.

The margin is 1:30. The Standard account has a free VPS service, similar to that offered by the Pro Account. This service is provided by a third party, however. It is also subject to the minimum requirements for trading volume, so at the end of the day it may not be for everyone.

Free Autochartist is included in the package, along with a 30-day Demo account.

The Pro account increases the bets a little. Their spreads start at 0.1 pips, which is a notable improvement of the Standard Account.

Instead of a spread, the broker uses a commission to earn money. This commission is $ 7 round trip.

Both types of accounts support MT4 Nexgen.

AxiTrader’s Trading Platforms

The broker only presents one platform: MetaQuotes’ MT4. However, it has several versions of this software available, including MT4 NexGen, which is a version aimed at professional operators.

The MT4 version of AxiTrader for PC has fiber optic and co-located servers for faster execution. All negotiable assets supported by the broker can be accessed from this version of the trading platform.

One-click trading is obviously a given and the platform is compatible with third-party EA.

The graphics capabilities of MT4 are well known. The platform comes with an impressive set of preinstalled technical indicators and Autochartist is also an option.

The MT4 Web Trader is a useful alternative for those who can not download and install software for any reason. Through it, you can access the entire asset selection of AxiTrader. One click and trade in real time are available. The cartography is as advanced as what the complete MT4 platform can offer in this regard.

The Mac version of the platform is essentially the same as the PC-based version. In addition to that, mobile versions of Android and iOS are also available.

MT4 NexGen is a version of MT4 adapted to the needs of professional operators. It has an indicator of confidence in the market, which offers traders a vision of how their peers operate.

A new terminal window is part of the NexGen package, along with an economic calendar, an automated trading journal and a powerful alarm manager.

The application of complex order types has been made faster and easier with the Mini Manager. A practical session map shows the closing and opening of the world markets, in real time, on a map.

The platform makes it possible for merchants to import their favorite forex news streams. The possibility of following other merchants in social networks is also there.

The MAM (Multi Account Manager) feature allows portfolio managers to manage multiple accounts through a master account. No less than 6 allocation methods are allowed, as well as all normal and unique order types.

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AxiTrader Deposits and Withdrawals

Accounts can be financed through several credit and debit cards, such as VISA, Maestro and Mastercard.

Neteller, Skrill, Global Collect (for Australians), UnionPay (for Chinese), bank transfers and broker-to-broker transfers are also accepted.

Most of these financing methods are instantaneous, although Global Collect and bank transfers can take between 3 and 5 business days.

AxiTrader Conclusion

AxiTrader looks like a serious and reputable FX / CFD trading destination. Their commercial platforms are excellent, their trading conditions (in the Pro account) also, and their selection of account type is decent.

The broker’s market coverage is more than decent as well.

There are some drawbacks in terms of feedback from users, but with a 12-year-old broker, it is quite natural.

Please note that certain products and / or multiplier levels may not be available to traders in EEA countries due to legal restrictions.

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