AxiTrader Review 2020

Introduction

AxiTrader was founded in 2007 in Sydney Australia; it is the Forex and CFD brokerage wing of AxiCorp Financial Pty Ltd, which was established in 2001 in the same country. AxiTrader linearly developed into one of the leading financial brokerage companies in Australia, which further led to extensive market supremacy in the commonwealth of Australia as well as in other financial markets around the globe. Here our experts give you in-depth updates & their views on AxiTrader broker on this AxiTrader review. Further, the firm also launched its London branch in 2012, China branch in 2015, and later when their trade volume surpassed 100 Billion Dollar mark, AxiTrader stretched its corporate brand to Germany Latin America and also to the Middle East in 2016.

AxiTrader Review - Best Forex and CFD Broker
AxiTrader Best Forex and CFD Broker

AxiTrader Disclaimer :- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.6%% of retail investor accounts lose money when they trade CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Ever since the inception of AxiTrader, the firm gradually became a sector-leading financial brokerage firm in the Australian retail Foreign Exchange market. Currently, AxiTrader Broker ranks among the top Forex Brokers and financial brokerage firms not only in Australia but also in other financial markets and you can also check other brokers’ info by click here. With its strong foothold in the United Kingdom, the firm is currently trying hard to capture the European retail trading market. The primary reason why the firm is considered safe as compared to other financial brokers in the market is that AxiTrader is regulated by numerous top-tier financial authorities worldwide like the Australian Securities and Investments Commission (ASIC), Financial Conduct Authority (FCA), and the Dubai Financial Services Authority (DFSA). MetaTrader-broker AxiTrader offers its CFD and Forex traders with several options like currency pairs CFDs on indices, metal, commodities, and also cryptocurrencies like Bitcoin across its standard account as well as professional trading accounts. Further, the firm also offers several trading packages like MetaTrader 4 NextGen add-on for users depositing a minimum of 1000$.

License and Ordinances of AxiTrader

AxiTrader is the sister concern of AxiCorp, which is AxiCorp Financial Services Pty Ltd, which holds an Australian Financial Services License (AFSL No. 318232), ACN No is 127 606 348, and NZBN is 9429042567608. The firm is not only regulated and authorized by the Australian Securities & Investments Commission (ASIC) but also has a derivatives issuance license of New Zealand with a 518226 FSP number. Further, AxiTrader also received its license for Financial Service in 2018 from the Financial Markets Authority (FMA New Zealand).

The United Kingdom branch of AxiTrader has a registered number of 06378544 and is listed in Wales and England. AxiTrader Broker is a popular trading name of AxiCorp Limited in the UK, and the Financial Conduct Authority (FCA) reference number is 509746 with a recorded address as 55 Baker Street, London, W1U 7EU.

The AxiTrader Dubai branch was established in 2018 and is controlled by the Dubai Financial Services Authority (DFSA). Users of AxiTrader can easily go through the firm’s legal documentation via its official website, which includes agreements for spread betting, merchandise schedules, client’s agreement, and trade execution policies among numerous others.

To maintain online security as well as compliance with various regulatory authorities, AxiTrader keeps clients funds in segregated accounts in top tier banks. The funds of the UK retail clients of AxiTrader offer coverage from the Financial Services Compensation Scheme (FSCS) of over £50,000 in a highly unlikely case when AxiTrader becomes bankrupt.

Trading Requirements of AxiTrader Trading Account

AxiTrader understands that providing too many trading account options confuses many potential traders, so to make the registration process easy. AxiTrader provides only two types of accounts, one being the standard Meta Trader 4 account, also known as market maker account, capable of matching the trading orders internally. And the other comprises an Electronic Communication Network (ECN) based MetaTrader 4 Professional account, which connects traders to a global financial market of liquidity providers.

Both the accounts provide mostly similar types of features except the AxiTrader spread along with the cost of trading and related conditions. Both the accounts provide over 80 different financial trading assets like Foreign Exchange (FX), costly metals (Gold, Silver), and CFDs, further AxiTrader also provides a market-leading minimum deposit of just 1$ which makes the firm highly competitive in the financial market. The broker also provides numerous payment methods to withdraw and deposit funds like direct wire transfer, debit, or credit card payment and via online payment gateways. Even though the company provides a very competitive fund deposit price, the recommended deposit is 200$ for trade purposes.
AxiTrader Disclaimer :- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.6%% of retail investor accounts lose money when they trade CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

AxiTrader Reviews – Standard account and Pro-account
AxiTrader Reviews – Standard account and Pro-account

Listed Features of Standard Account and Professional Account

Features

Standard Account

Professional Account

Initial Setup Cost

Free

Free

Spreads

Starting from 0.4 Pips

Starting from 0.0 pips

Commission

Nothing

7$ USD

Minimum Trading size

0.01 lots

0.01 lots

Minimum deposit

$0

$0

Products

140+FX pairs, metal CFDs

140+FX Pairs, metal CFDs

Pricing

5 digit pricing

5 digit pricing

Mobile trading

Yes

Yes

MT4 NextGen

Yes

Yes

Margin/Leverage

Up to 500:1

Up to 500:1

Base account currencies

AUD, CAD, CHF, EUR,GBP, HKD, JPY, SGD, USD, NZD

AUD, CAD,CHF, EUR,GBP, HKD, JPY,SGD,USD, NZD

Demo period

30 days

30 days

EA compatibility

Yes

Yes

VPS

Free

Free

Myfxbook Autotrade

Free

Free

PsyQuation

Free

Free

PsyQuation Premium

Free

Free

AxiTrader Trading Platform

Axi Trader does not provide a wide choice to its clients when it comes to forex trading platforms or software applications. The firm uses the all-time popular trading Platform, the Next Gen MetaTrader 4, and alike other brokers did not develop their proprietary trading application just to fulfill the needs of a minority of traders. However, AxiTrader provides a splendid mobile application based on AxiTrader review 2020 for its Android and iOS mobile traders, which can be downloaded for free from the Google Play store and iOS web-store, respectively.

The mobile applications are designed and developed by their internal team of software developers as well as tested by skilled traders before making them available for consumers through the web-store. The primary reason why AxiTrader Forex trading platform preferred using the popular MetaTrader 4 as the application is built for traders of all experience levels. The application is extremely user-friendly, and numerous world-class trading tools and graphs are available, which makes it ideal for all forex and CFD traders. Further, traders can also use social-based trade communities like Auto-chartist and Myfxbook Autotrade, which is a Forex trading platform specially designed for new traders to follow the successful trade track of other experienced traders.

Many enhanced features of MetaTrader 4 have been made available through MT4 Next Generation which gives traders access to the following features:

AxiTrader Review - Flexibility of Trade Operation
AxiTrader MT4
  • ~ Sentiment analysis: sentiment analysis helps to eliminate nearly all trading mistakes of a human trader. The feature also helps a new trader to learn trading techniques of other skilled traders to gain more profits regularly and understand real-time market condition and drifts
  • ~ Forex and other financial market news updates: The next generation of widely popular exchanging applications the Meta Trader 4 allows users to observe and follow other traders via social networks and latest market news feeds.
  • ~ Financial calendar: traders can keep themselves updated about major financial market events like rate and trade reports, which considerably impacts forex markets.
  • ~ Session graph: unlike any other calendar, the session graph of the NextGen MT4 platform helps keep track of the global financial market before opening and closing, which directly impacts liquidity.
  • ~ New terminal window: Users can receive market alerts, group market role templates, and manage One Cancels the Other (OCO) order to improve forex exchanging experience on international trading markets.
  • ~ Correlation trader: According to AxiTrader reviews, this feature reduces mistakes from money administrative units and finds new possibilities by spotting market correlations.
  • ~ Alarm manager: Users can receive customized financial market alerts which help traders to avoid the chance of missing out in exchanging.
  • ~ Automated trade journal: Users can activate the automatic recording of trade analysis reports to improve market research before live trading on Foreign Exchange markets.
  • ~ Mini Trade Manager: The mini trade manager helps traders to efficiently deal with complex exchanging events to bring guaranteed profit on every trading session.
AxiTrader Reviews – The MetaTrader 4 Next Gen Exchanging Software
AxiTrader Trading Platform

Foremost strengths of AxiTrader

AxiTrader is rated the most dependable MetaTrader 4 forex firm based on the following five advantages:

  • Lowest starting Spreads from 0.0 pips
  • Advanced MetaTrader 4 application with updated features
  • Award-winning world-class customer service
  • Extensive variety of Forex markets
  • Influential leverage up to 400:1
AxiTrader Review - Advantages of AxiTrader
AxiTrader Advantages

AxiTrader Spreads

AxiTrader offers ECN based broker spreads which simply means that the firm does not use a dealing desk instead connects all the traders in their platform to the centralized Electronic Communication Network (ECN) to trade directly with global financial liquidity pools, which consists of approximately 14 global top-tier banks. As per the AxiTrader review, it provides two types of trade accounts to its traders. To open an account all you need to do is – complete your application, confirm your ID and fund your account. After this you can access the account through AxiTrader login!

Primary highlights of each account include the following:

  • No stringent minimum deposit requirement
  • Scalping
  • Hedging
  • MetaTrader 4 software
  • Smallest trade size of 0.01 per lot
  • 5 digit Quoting
  • Free demo software for 30 days
    • ~ MetaTrader 4 Standard Trading Account: These types of trading accounts are specially designed for less experienced forex traders and are not market maker’s accounts. Further, the account includes no commission, which makes this account very lucrative for beginners.
    • ~ MetaTrader 4 Professional Trading Account: This type of trading account is developed for experts as well as for the moderate traders, trying to minimize spreads while trading. AxiTrader does not increase the spread in this type of account but alternately started to charge a nominal commission of $7 round trip (USD) per standard lot.

Outstanding Customer Service & Trust

In the year 2014, many financial investment reports claimed AxiTrader to be one of the top-notch and most trustworthy forex broker brands in the financial market. Further, in 2017 this claim was made concrete when Investment Trends, a private financial research firm of Sydney, Australia, awarded AxiTrader with the highest rating for overall client satisfaction. AxiTrader’s world-class customer support and numerous awards can be attributed to its supremely salutary management.

The 24/7 customer support team of AxiTrader is only closed on weekends when the financial market is closed, but when the Sydney market is closed, customers are provided support from London and Chisinau. Customers can reach them via email, phone call, or live chat. A dedicated account manager is provided to all the forex traders operating an account. The manager assists the traders with the training of forex trading and other market information.

Wide Variety of Tradie Assets

AxiTrader Forex trading platform provides its customers with a wide range of forex trading with more than 80 currency pairs, and over 140 cross pairs. Customers of AxiTrader can not only trade in classic currency pairs like AUD – USD, GBP – USD, and EUR – USD but can also use minor, exotic, and cross pairings to have more movement due to thin liquidity to possess more profit opportunities. Besides, We get to know from AxiTrader review that Forex AxiTrader provides other range of financial assets to trade, which includes the following:

      • Cryptocurrency trading – AxiTrader allows its users to trade in Bitcoin, Litecoin, Ethereum, Dash, and Ripple where CFDs on the BTC & USD pair at 10:1 leverage can be traded easily.
      • Precious metals, also known as hard commodities like gold and silver, includes no brokerage fees at AxiTrader, and also the commission margin is kept nominal at 1% only.
      • Non-renewable energies like the US and UK crude oil with a conventional boundary for a spot at 4% and futures at 1%
      • Soft Commodities like Coffee, Soybeans, and Cocoa with a commission margin between 1% to 3% only
      • Most economical includes the Indices with a commission margin of just 1% only.
AxiTrader Reviews - Product Range of AxiTrader
AxiTrader Trading Products

AxiTrader Leverage

The financial brokerage firm AxiTrader offers a humongous 400:1 level of leverage to its customers that can only be exceeded by some of the gigantic financial trading firms of the market. The leverage depends on the user’s geographical region as well as on the AxiTrader branch that will regulate the user’s registered account.

Since AxiTrader has to maintain compliance with the stringent ordinances established by the Financial Conduct Authority (FCA), clients of AxiTrader UK or Europe are offered with slight conditional leverage. For retail investment accounts, the Financial Conduct Authority (FCA) allows a maximum of 30:1 leverage on major currency pairs and 20:1 leverage for minor or exotic pairs. We found from AxiTrader reviews that for trades clients wishing to join this broker outside of Europe and the UK, the firm follows strict regulations set by the Australian Securities and Investments Commission (ASIC), which allows magnificent leverage of 400:1, which provides plenty of trading strategies for the novice and even for standard forex traders.

AxiTrader understands that Forex and other trading CFDs are very complex financial assets. Unless a trader is highly proficient in understanding trading signals, a leverage level of 100:1 is more than sufficient for a standard trader. Still, those highly skilled in financial forex trading and those traders looking for higher leverages can opt for a splendid new application called Forex Broker Table.

AxiTrader Review - Competitive Pricing and Low Commissions of AxiTrader
AxiTrader Prices

Pre-eminent tools available in AxiTrader

      • ~ Autochartist: One of the finest features of AxiTrader is the most popular Autochartist trading tool, which constantly scans the financial market and automatically places trades considering all the vital trading parameters like resistance and support levels. The complete version of the Autochartist is made available to all registered AxiTrader accounts as a complementary trading tool. The Autochartist software comes with a default convenient Meta Trader 4 plugin for seamless user experience. Further, the software includes continuous market scanning mode, Fibonacci model analysis, and Volatility analysis among various other features to assist traders in a profitable trade.
      • ~ Virtual Private Server (VPS) of AxiTrader: AxiTrader facilitates its clients with their world-class Meta Trader 4 Forex Virtual Private Servers (VPS) hosting service, using which their trading clients can always remain online to make their trades interruption-free and further free from any connectivity or technical issues. The VPS tool is very important for those traders who are using computerized trading strategies.
AxiTrader Reviews - AxiTrader Proprietary VPS
AxiTrader Account Security
      • ~ Economic Calendar: Our experts find economic calendar from AxiTrader reviews that provides for its clients, which covers financial market pointers, priority-based business events, and news announcements. The easy to use economic calendar is extremely simple and includes filters to navigate through its long list of features such as historical data chart analysis, business event impact, and also a section to visualize time, volume, event description, actual consensus, country, and precious financial assets values.
AxiTrader Review - Latest Financial News Update
AxiTrader Market News Updates
      • ~ PsyQuation Premium version: AxiTrader clients are offered with a premium updated version of PsyQuation software for free, this version of PsyQuation provides more powerful trading indicators with effective trading signals that are continually updated for more extensive financial forecasting and to provide an institutional level, quantitative standards. PsyQuation software is built to provide traders with business perspicacity by synchronizing the software directly to their respective MetaTrader 4 account. Experts at PsyQuation firmly believe that their uniquely designed set of trading tools allows traders with any experience level to better “discover trading strategies that work”. The PsyQuation group is controlled by Gerling and Company and is licensed under the Australian Securities & Investments Commission (ASIC).

Different features that PsyQuation software provides to enhance a trader’s trading experience are as follows:

Almost real-time equity arch provides traders to help observe and regulate trading risk better.

PsyQuation score- users can compare their trading strategies with that of other traders to improve trading skill and strategies,

Trading tool kit- Users of PsyQuation are provided with a set of tools specialized for institutional traders to help them with their on-going trades.

AxiTrader Review - PsyQuation Analytical Platform
AxiTrader PsyQuation

Conclusion

We get to know from AxiTrader review that this broker is controlled and strictly monitored by many monetary global authorities, like Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC) in Australia, and the Dubai Financial Services Authority (DFSA) in Dubai to name a few. Moreover, customers of AxiTrader UK are also protected by the Financial Services Compensation Scheme (FSCS) as a mandatory element of the FCA governing terms, which safeguards the client’s money in case of trading broker liquidation or insolvency, which is up to £50,000. AxiTrader brings comprehensive access to the online financial trading world for beginners as well as for the expert traders. AxiTrader’s mainstay MetaTrader 4 trading software brings a very competitive technical solution to trade through the financial market to make a respectable profit for traders in every trading session. Further, the firm offers flexible leverage, which becomes a high-risk, high gain option for a trader. Yet further, AxiTrader provides world-class customer service with extensive free educational study material to all their registered traders to learn about trading strategies.
AxiTrader Disclaimer :- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.6%% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FAQs

1. Is trading safe in AxiTrader?

AxiTrader exists as a registered financial business wing of AxiCorp Financial Services Pty Ltd, also known as AxiCorp, which is governed by several monetary global authorities. AxiTrader is regulated by the Dubai Financial Services Authority (DFSA) in Dubai. The firm holds a 4th Category license that features retail permission and is not permitted to keep customer financial assets or money.

2. What trading application does AxiTrader provide for trading?

AxiTrader does not provide any proprietary in-house developed trading software to their users instead offers free of cost download and installation of the market-leading trading application the MetaTrader 4 (MT4) across most popular devices and operating systems which includes Windows, Android, Mac, iPhone/iPad as well as cloud-based WebTrader application.

3. Does AxiTrader provide an investor password?

Yes, AxiTrader does provide an investor password for users to log into a MetaTrader 4 account in read-only mode, which allows them to closely monitor a real-time trade but does not facilitate them to place or close a trade. Investor password is commonly used by clients to monitor their trading account if it is being handled by somebody else.

4. How can I determine my version of MetaTrader 4?

The version of the Meta Trader 4 (MT4) platform can be confirmed from the application by clicking on the top right-hand side help section and then selecting the about section which displays the latest version of MT4 running on the device.

5. How much money can I make using AxiTrader?

AxiTrader is not a get rich scheme according to AxiTrader review, as experts of the firm recommend all their customers to research and analyze the financial market before investing any amount of money. It is further recommended to use a demo account for trading before starting a live trading session. Yet further, it is also recommended to use the amount which a trader can afford to lose.

6. What funding methods does AxiTrader accept?

Traders using the AxiTrader trading account can use diverse payment methods, including Moneybookers/Skrill, direct bank wire transfer, Neteller, Debit/Credit Card, and BPay. AxiTrader also allows B2B fund transfers from two separate companies, so a trader can easily transfer his/her trading account from another brokerage firm to AxiTrader. A client of AxiTrader can enjoy the possibility of having financial account base currency in GBP, CHF, USD, EUR, or PLN as well as deposit funds in these major currencies also. Besides, the firm has no mandatory minimum deposit requirements, and traders are free to deposit any amount.

AxiTrader

8.9

REPUTATION

9.1/10

SECURITY

8.5/10

USER EXPERIENCE

9.2/10

SUPPORT

8.8/10

PAYMENT OPTIONS

9.0/10

Pros

  • Invest cost is very less
  • Lighting Fast Excution
  • Zero deposit and withdrawal fees

Cons

  • It provide limited tools for research
  • Email support is slow

Thomas Gillard

Thomas is news editor at CoinNewsSpan. He has worked as a sub editor for leading newspapers and magazines. He is responsible for streamlining the news that would go live on the site. He singlehandedly executes different editorial decisions that are taken from time to time. His primary focus areas include Ethereum and Ripple and crypto mining.
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