|Headquarters||90 Arthur St, North Sydney NSW 2060, Australia|
|Support Types||Phone, chat, office, email|
|Languages||English, German, Spanish, Italian, Polish, Hungarian, Chinese, etc.|
|Trading Platform||MetaTrader 4, Web Trader|
|Minimum 1st Deposit||$200|
|Maximum Trade Amount||$0,1|
|Leverage||1:100, 1:400 (on special request)|
|Spread||from 1 point|
|Free Demo Account||Open Demo|
|Regulation||ASIC (№318232), FCA (№509746)|
|Account Types||Demo, standard account, PRO MT4 account, PAMM accounts|
|Deposit Methods||Bank cards VISA, MasterCard, Maestro, JCB, money transfers Lloyds, MasterPass, Neteller, Skrill, BPAY, transfer from a deposit with another broker, etc.|
|Withdrawal Methods||Bank cards VISA, MasterCard, Maestro, JCB, money transfers Lloyds, MasterPass, Neteller, Skrill, BPAY, transfer from a deposit with another broker, etc.|
|Number of Assets||100+|
|Types of Assets||Forex currency pairs, precious metals, commodities, oil, indices, cryptocurrencies, CFDs|
|US Traders Allowed|
- 1. Trading conditions with AxiTrader
- 2. axitrader.com platform
- 3. AxiTrader demo account
- 4. axitrader.com mobile application
- 5. AxiTrader bonuses
- 6. Deposit and withdrawal
- 7. Complaints against AxiTrader
- 8. AxiTrader broker regulator
- 9. Is AxiTrader a scam?
- 10. Summary
- 11. Reviews
AxiTrader Forex broker is a product of AxiCorp Limited Company, which is regulated by FCA in the Great Britain and it is authorized to do so in that country. On the other hand, AxiCorp Limited is a subsidiary of AxiCorp Financial Services Pty Ltd, an Australian company that has been holding the leading positions in the Forex market since its foundation. In 2007, AxiCorp bought out the Forex Plus company. As a result, a new Forex broker appears in the financial market, AxiTrader, registered in London with its headquarters in Sydney.
Axi Trader is the flagship of the company’s business as an online retail foreign exchange broker. The company has a number of prestigious awards, among them: «Financial Institution of 2014» according to the Asia-Pacific Financial Investment Association, «Best Forex broker in Asia 2013» according to CiOT, Expo, «Forex broker No. 1 for customer service» according to Australia FX Report and others. Still, is Axi Trader a scam or a reliable platform for Forex trading? Read more about it in our article.
Trading conditions with AxiTrader
AxiTrader has always followed one priority, which is important for him now – to provide favorable conditions for working with the foreign exchange market. However, on its platform there is access to other markets with a wide range of additional financial tools. The change of owners has had a positive impact on the company’s activity and its range of services. During this time, it has expanded significantly and today is ready to meet the requirements of the most fastidious client, regardless of whether he or she is an investor or a trader.
Unlike many competitors, the company also accepts US clients on the platform. More than 60 different currency pairs are offered here, as well as 6 major futures indices, gold (XAUUSD), silver (XAGUSD) and oil WTI. The main currencies available for trading are: AUD, USD, GBP, CAD, CHF, HKD, JPY, EUR, NZD and others.
The minimum deposit amount is $200 for standard accounts and $1000 for those wishing to switch to PRO. This «ECN Style» account offers more trading conditions, spreads from 0.1 pips are available. Users can trade with a maximum leverage of 1:400 on this account on special request. The standard leverage available in the Forex market at the company is 1:100 (full truth about Forex).
AxiTrader has a 24-hour customer service and a «Trading table» 5 days a week, starting at 7:00 a.m. on Monday morning and ending at 07:00 a.m on Saturday. AxiTrader also offers PAMM-accounts for its clients, an affiliate program, trading contests, free Forex trading training and assistance of a personal manager. To study on the main page axitrader.com website you need to go to the section «Learn to trade».
In addition, the broker provides traders with research materials in the form of technical and fundamental analysis of the market from its own team of analysts, which publishes articles in the «Market News&Blog» section on a daily basis. Thus, the AxiTrader website constantly broadcasts morning video reviews of the market and weekly Forex forecasts.
Own and third-party market research tools – AutoChartist and additions, presented in the MT4 NexGen package, help the company to differentiate itself among other brokers. Automated technical analysis and Forex signals are transmitted through – AutoChartist a third-party service known for its pattern recognition software. The project offers automatic trading signals through the «AutoTrade» function in the в Myfxbook service, which also has an economic calendar from AxiTrader.
Other social trading functions are available via ZuluTrade and Signals Market in MT4 platform, and in 2017 the broker got the support MirrorTrader platform of Tradency. AxiTrader has also launched a Bitcoin CFD with leverage of just over 2:1 with an initial margin requirement of 40% and a maximum trade size of 10 lots. Such trading is limited from Monday to Friday. Although this is a positive step for a broker trying to meet the needs of cryptocurrency traders and investors, many of them want to execute cryptocurrencies trading on weekends (Saturday and Sunday).
AxiTrader works with the MetaTrader platform only. This means that it offers its customers products of MetaQuotes Software corporation, the developer of popular platforms MT4 and MT5 for desktops, mobile devices and web browsers. While MetaTrader 4 is a standard version of the platform with little difference in functionality between other brokers, AxiTrader may have significant changes in terms of spread and commission settings, order execution methods and other tools, functions and administrative areas affecting trade results.
There is a scalping option, which is a nice surprise for those who like short-term deals. Automated trading is also possible, so open accounts can be used not only for manual trading, but also for trust management and work with Forex robots. In addition to spreads, a range of tools and account types, there are clear differences in functions between the available configuration of the MT4 AxiTrader platform and the standard MetaTrader interface:
- MT4 NexGen package as an available add-on.
- News feeds from Dow Jones Newswires.
- AutoChartist plagin availability.
- MT4 installation file in Windows Emulator for installation on MAC OS.
As an MT4-based broker offering dealer execution, AxiTrader provides a competitive price for a professional account (PRO) while combining low spreads with a roundtrip commission per trade. This makes trading for advanced traders cheaper than a standard account.
AxiTrader broker quotes
An important factor of successful trading is the timely provision of relevant asset quotes. The trader’s decision to open a buy or sell order depends on it. This is especially important for scalpers, to whom AxiTrader provides the opportunity to conclude short-term deals.
The liquidity providers for the broker are 14 banks. The main provider is JP Morgan. The prices of contracts for the difference between the stock index and the difference of the commodity market are supplied from the basic tools of the stock market.
AxiTrader demo account
The presence of a demo account at any brokerage company in many respects predetermines the further success of its users. The choice of assets comfortable for trading, «testing» of various trading strategies that allow to get real profit and minimize possible losses – all this is possible on a demo account.
AxiTrader provides clients with the opportunity to trade on a Forex demo account. To use its 30-day free version, you need to register in the «Free demo» section of the website axitrader.com, specifying your initials, phone number and e-mail address in the form. Now you can work on this account, using $50,000 of virtual tools to gain practical skills in the market.
axitrader.com mobile application
Mobile application allows you to implement trading from anywhere in the world. For this purpose you need only a smartphone and Internet connection. Since the AxiTrader broker is focused only on the use of MetaTrader 4, the mobile versions of applications are quite standard and available for installation from Apple iTunes and Android Playstore stores, respectively. They are easily downloaded and installed on mobile devices.
The bonuses in any brokerage company make trading more comfortable and encourage clients to increase transactions in the financial markets. Previously, AxiTrader represented 400-dollar trading credit bonus. This offer was available to all clients and could be obtained by speculators who traded at least 1 standard lot for 60 days. Also on the campaign «Bring a friend» bonus was awarded to the client who registered at least one user in the brokerage system. Currently, these bonuses are expired. However, AxiTrader is constantly searching and developing new interesting offers for its clients.
Deposit and withdrawal
AxiTrader offers several different ways of adding funds to the account: bank cards VISA, MasterCard, VISA Delta, Maestro, JCB, money transfers on Lloyds, MasterPass. It is possible to make transfers from other brokers. There is a special form for this on the site. After it is filled in, AxiTrader specialists will help you to implement the money transfer. Depositing by bank transfer can take from one to three working days. Depositing funds via credit card will make them available for work within ten minutes after the transaction.
You should know that all funds credited to the user’s deposit should come from a bank account or credit card in the same name as the registered trading account. Only the debited funds will be credited to the client accounts. The company cannot rely on the promised funds to meet margin requirements. Withdrawal of capital from the account is done in the same way as it was deposited. To withdraw funds, you need to enter your login and password from MT4 and submit a withdrawal request on the «Withdrawal of funds from account» page. You can also contact your manager or send an e-mail: [email protected]
During AxiTrader working hours (Monday to Friday, 8:30-18:00 GMT), the withdrawal requests are processed within 24 hours after they are submitted. It takes one to three business days for money to be credited. Requests for funds transfer to third parties are forbidden.
Complaints against AxiTrader
You can see a variety of traders’ feedback about AxiTrader online. There are a lot of positive comments, but there are negative comments too. Clients speak positively about fast support, professional terminals, a number of bonuses, the possibility of trading robots, etc. Many of them complain about the delay in time of withdrawal of funds. Some clients point to the absence of bonuses at the moment.
Some users note that the company is not very well grounded for the local market. However, it can be noted that a number of serious accusations against AxiTrader are misplaced. Most likely, this paid negative is the actions of the broker’s competitors. The company’s staff reacts to the complaints of its clients, trying to promptly eliminate various problems and shortcomings in the platform.
If we find complaints about AxiTrader, we will post it on social media. Follow us to be well informed:
AxiTrader broker regulator
Today, the AxiTrader brand is regulated by FCA of Great Britain within the framework of the London organization AxiCorp Limited. It also has an ASIC license within AxiCorp Financial Services Pty Ltd (Australia). In August 2016, AxiCorp announced that it had received significant strategic investments from RGT, a well-known Australian private equity company, to help stimulate global business growth.
Since 2018, AxiTrader has the DFSA regulatory status in Dubai. The same year was marked for the broker by the receipt of an FMA license in New Zealand.
It is crucial for users to know more about the organizations that control AxiTrader operations. This guarantees the safety of investors and traders who have invested in the brokerage company’s accounts.
axitrader.com user agreement
Many traders and investors, becoming clients of this or that brokerage company, often do not read the user agreement at all, and how wrong it is! Sometimes, without knowing the rules regulated by a broker, you can easily get into an unpleasant situation and even lose part of your capital.
At AxiTrader, such information can be read in a number of documents, including information documents on investment products, for example, on the Forex market (section «Legal Documentation»). It is worthwhile to study it and other materials before registering on the website axitrader.com.
In this document, a broker, for example, warns clients that trading on the currency market, they always put their deposit at risk. It is necessary to remember about it constantly. The risk indicator presented in the figure in the document is based on historical data, but it can not fully guarantee to reflect the current situation in the market, but only simulates it:
The company informs users that in the event of circumstances where it is unable to pay its customers, they can always rely on a financial services compensation program approved by the UK government. Under this program, the affected client will receive funds of up to 50,000 euros:
The broker also informs that the open position can be closed by the trader at any time convenient for him/her. The application for a withdrawal of free funds will be considered by experts as soon as possible and, as a rule, it will be processed the next day:
In case of a complaint against the broker, the client can send it by e-mail or in writing through the website.
Is AxiTrader a scam?
During twelve years of active work the Forex broker AxiTrader has become the largest dealer in Australia, has received a number of licenses from reputable organizations-regulators, having received support of several tens of thousands of clients from Oceania and other countries. At the same time, on the territory of the post-Soviet space, the broker is still little known in the trading environment.
Taking into account a number of licenses of the company and good trading conditions, which it offers to users, demo account on the website axitrader.com etc., you can trust it and work on its platform. The fast execution of orders using CNS and Beeks NY4 also indicates the accuracy of data in its terminals.
All trading accounts are segregated and physically located in English banks. In addition, in accordance with FCA rules, state insurance of funds up to 50000 pounds is provided. All this makes cooperation with a broker reliable, confirms that AxiTrader is guaranteed not to be a divorce and is quite acceptable for cooperation in the field of trade in various financial markets.
AxiTrader Forex broker has been providing services in the field of financial markets for more than a decade, providing clients with the opportunity to trade not only currency pairs, but also many other tools. Relatively high entrance threshold ($200) are the reason for speculators to hesitate from registering on the website axitrader.com. However, the authoritative regulation and storage of clients’ funds in segregated accounts in reliable banks gives many professional players confidence in cooperation with this organization.
AxiTrader activities are very transparent. There are no confirmed negative data about the broker in the network. It is rather attractive for the speculators with the experience, having a positive experience of trade in the different financial markets.
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