Table of contents:
- 1 About AxiTrader
- 2 What platform is available on AxiTrader?
- 2.1 MetaTrader 4 for PC, MAC or mobile version
- 2.2 MetaTrader 4 NextGen
- 2.3 MetaTrader 4 Forex trading signals
- 2.4 MetaTrader 4 Multi-Account Manager
- 2.5 Deposit and withdrawal with AxiTrader
- 2.6 The account types with AxiTrader
- 2.7 The trading conditions with AxiTrader
- 2.8 The AxiTrader demo account
- 2.9 What training opportunities are offered?
- 2.10 Customer Service
- 2.11 Conclusion of the AxiTrader review
- 2.12 What type of broker is AxiTrader?
- 2.13 Is Axitrader trustworthy?
- 2.14 Can you use MetaTrader 4 on Mac?
- 2.15 What is the minimum deposit for AxiTrader?
AxiTrader user-ratings: $0
Asset varierity - 10/10
Trading platform - 10/10
Support - 10/10
Fees - 10/10
Deposit/Withdrawal - 10/10
Facts about the company:
- Type: Forex and CFDs Broker
- Regulation: FCA (UK), ASIC (Australia), DFSA (Middle East)
- Minimum deposit: $0
- Demo account: Free
- Markets: 150+ Forex, CFDs, Indices, Commodities
- No minimum deposit
- Ultra competitive pricing
- Self-service portal
- Spread from 0.0 pips
- Maximum leverage: 30:1
- No customer service on the weekends
The online broker AxiTrader UK is a wholly-owned subsidiary of AxiCorp Financial Services Pty Ltd, a company incorporated in Australia by individuals who have played a leading role in the Forex market since its inception. Since 2007, AxiCorp has greatly expanded its product range and now has a number of international subsidiaries.
The global group of companies focuses primarily on foreign exchange trading and offers the appropriate trading instruments, especially for private investors. In addition, AxiCorp investors and other corporate bodies can also benefit from the online broker’s quality-oriented trading service.
The history of AxiTrader
AxiTrader was founded in 2007 in Sydney, Australia. In 2012 the company finally received its first ‘Best Spreads’ award at the China International Online Trading Expo. In the same year, the subsidiary AxiCorp Limited (trading name AxiTrader UK) was established in London, regulated by the UK Financial Services Authority FCA.
In 2013 and 2014 AxiTrader received numerous other awards, the online broker was named “Best Forex Broker Asia” (CIOT Expo) and “Financial Institution of the year” (Asia-Pacific Financial Investment Association), among others, and also won first place in the “Customer Service” category (Investment Trends Dec. 2013, Australia FX Report).
Following the launch of several major projects in China in 2015, AxiTrader expanded its portfolio with over 30 new trading instruments the following year and has now expanded into Latin America, the Middle East, and Germany. At this time, AxiTrader was one of the top 10 Forex brokers in the world with over $100 billion in turnover. And in 2017 the online broker received an award as “Most Reliable Forex Broker” from the AtoZForex.com website.
The AxiTrader Philosophy
Now let’s get to the general philosophy that AxiTrader follows. The founders of the online broker already had a vision in mind at the time of its foundation:
“We want to be the broker that we wanted to trade with ourselves. We have since grown and become one of Australia’s largest and leading Forex brokers”.AxiTrader
It’s not without reason that AxiTrader has been voted “Most Trusted Forex Broker”. Within its industry, the online broker is known for its outstanding customer service. AxiTrader places great emphasis on honest communication with clients, authenticity, and overall transparency in all trading processes.
How is AxiTrader regulated?
Although the parent company is an Australian based broker, in Germany, as mentioned above, trading takes place through the UK subsidiary AxiCorp Limited, which is regulated by the Financial Conduct Authority (FCA). The FCA’s requirements are known to be very strict.
By law, customer deposits must be kept separate from company capital. In addition, all transactions must be accurately recorded so that in the event of fraud there is sufficient transparency to trace the matter.
And the online broker must also adhere to strict regulations when it comes to data protection. Customer data may only be used internally and under no circumstances be passed on to third parties. For this reason, the data is also transmitted using secure SSL encryption so that no one from outside can hack into the system.
And the verification required for customers is also part of the necessary security regulations, which AxiTrader requires from its users accordingly. This is another way to prevent fraudulent intentions in advance, as it is not possible to open a trading account using a fake identity.
What are the advantages of AxiTrader?
Australian broker AxiTrader advertises a number of benefits on its website which clients can take advantage of if they choose to use the online broker. These benefits are briefly summarised and explained below.
- High seriousness, as the regulation is done by the Financial Regulator (FCA)
- Safekeeping of all customer capital deposits in secure and separately managed escrow accounts with selected banks
- International service team available around the clock during the week to support customers with any questions and concerns that may arise
- Because the servers are located near the New York Stock Exchange, faster execution of orders can be guaranteed
- Automated trading via Expert Advisors is also possible
- AxiTrader offers its clients tight spreads and fast execution on a wide range of tradable foreign exchange
- Clients can choose between two different account models depending on their individual preference
What markets can be traded on AxiTrader?
Let’s take a closer look at the trading instruments that clients can trade with at AxiTrader. Basically, the online broker has designed and focused on Forex trading as well as CFD trading.
AxiTrader allows clients to trade in the largest and most liquid financial market in the world. With over 80 different currency pairs to choose from, the Australian online broker guarantees low spreads, fast execution, and flexible leverage. In addition to being named Australia’s most reliable Forex broker, the company is also one of the largest Forex trading brokers in Australia in general. AxiTrader also has the liquidity of 14 of the world’s leading banks.
- DAX Futures CFD
DAX Futures CFDs are particularly suitable for day trading and position trading. The typical spreads here are between 0.5 and 1.0 points, with no overnight fees. Trading is possible daily from 8:00 a.m. to 10:00 p.m., the minimum distances for stop loss and take profit are kept relatively low.
- Commodity Trading
In order to spread the invested capital in the best possible way, AxiTrader can also trade commodities. These include gold, silver, palladium, platinum, and oil. Depending on how the market develops, clients can trade both long and short. Again, the leverage can be used flexibly to better assess the risk.
When trading indices, prices are quoted in real-time in combination with the respective performance of the financial market. Indices can also be traded short and long and leverage can be used flexibly to control risk. Furthermore, AxiTrader promises very small spreads, so investors can benefit from minimal price fluctuations. In principle, this online broker allows trading in more than 10 top indices, including DAX, Dow Jones, and S&P.
What platform is available on AxiTrader?
AxiTrader offers the award-winning online trading platform MetaTrader 4 (MT4) in different versions:
MetaTrader 4 for PC, MAC or mobile version
The numerous functions of the popular MT4 trading platform can be used on the PC, MAC, or a corresponding mobile device. While many online brokers use this software, AxiTrader has made a conscious effort to provide servers close to the exchange and fiber optic technology so that clients benefit from fast and accurate trading. As the platform is compatible with the third-party Expert Advisors, trading can be automated accordingly.
MetaTrader 4 NextGen
MetaTrader 4 NextGen is designed primarily for more advanced traders and provides them with a number of additional helpful features. These include, for example, the Mini-Manager, which allows traders to manage their trading more efficiently and thus save valuable time. The integrated Forex news also keeps the trader up to date and provides him with relevant information. If there is further interest, all the functions included can be viewed on the website.
MetaTrader 4 Forex trading signals
In this variant, traders have access to a variety of operational trading strategies, which can be used and tried out in the course of this. If you follow several traders, you can consequently expand your own strategies and spread the invested capital. In addition, their own strategies can be developed and made available to other traders.
MetaTrader 4 Multi-Account Manager
Finally, MetaTrader 4 Multi-Account Manager (MAM) is a tool that allows traders to manage multiple trading accounts at the same time. However, the MAM is only accessible to “authorized and regulated operators of asset management accounts or managed investment funds”.
Deposit and withdrawal with AxiTrader
Once you have finally decided to use the online broker AxiTrader and want to deposit money into your live account, the next step is to take a closer look at the payment methods offered.
With AxiTrader, clients can fund their accounts in a number of different major currencies. Deposits to the account can be made in AUD, EURO, GBP, NZD, SGD, USD, CHF, JPY, HKD, CAD. All you need to do is log in to the customer area and you can make the deposit from there. In principle, the following options are available for making deposits:
Sepa Bank Transfer: First of all, there is of course the possibility of the classical bank transfer. However, the transaction time depends on the individual financial institution and can, therefore, take several working days.
Mastercard and VISA Card: An advantage of depositing with a credit card is the fast processing time of fewer than 10 minutes.
Maestro Card: Here too, the payment is usually processed within 10 minutes.
Neteller: The electronic payment provider Neteller accepts all currencies, the processing time here also takes around 10 minutes.
Skrill/Moneybookers: Deposits via Skrill or Moneybookers are only possible in the currencies EUR, GBP, and USD.
Global Collect: With Global Collect international fees can be avoided. Deposits can be made in CAD, CHF, EURO, GBP, HKD, IDR, JPY, NZD, SGD, USD, RUB, and TWD.
In general, no fees are charged by AxiTrader for these payment methods. However, it should be noted that depending on the financial institution, for example, a bank transfer may incur currency conversion fees.
Withdrawals are handled by AxiTrader to match the method of deposit selected. This means that the method you choose to deposit is at the same time the method you choose to withdraw.
However, in the event that the amount to be paid out is higher than the initial deposit amount, the method can be chosen at will. A withdrawal request is usually processed within 24 hours by AxiTrader to ensure that the client receives their money quickly.
The account types with AxiTrader
Depending on individual trading requirements, AxiTrader allows clients to choose between two different account types. The online broker offers a standard and a pro version. These will be described below.
|AxiTrader Standard Account||AxiTrader Pro Account|
|Spreads:||From 0.4 pips||From 0.0 pips|
|Commission:||0||$7 round trip|
|Minimum trade size:||0.01 lots||0.01 lots|
|Products:||140+ FX pairs, Metals CFDs||140+ FX pairs, Metals CFDs|
|Pricing:||5 digit pricing||5 digit pricing|
|Margin/Leverage:||Up to 30:1||Up to 30:1|
|Base account currencies:||AUD, CAD, CHF, EUR, |
GBP, HKD, JPY, NZD, SGD, USD
|AUD, CAD, CHF, EUR, GBP,|
HKD, JPY, NZD, SGD, USD
|Demo period:||30 days||30 days|
The main difference between the Standard and the Pro version is therefore the different spreads and commission fees.
The trading conditions with AxiTrader
After first showing the general conditions of the two available trading accounts, the conditions regarding leverage, margin, and spreads will be explained in more detail.
Leverage and Margin
AxiTrader offers its clients flexible leverage up to 1:30 so that they can trade profitably even with small capital investment. Trading with 1:30 leverage is possible with lot sizes starting at 0.01 and a margin of 3.33%.
While the spreads for the main currency pairs in the Standard account are usually around 1.0 pips, the spreads in the per account are usually between 0.0 and 0.3 pips. Spreads for the minor currency pairs are usually slightly higher. If you are interested in more details, the individual live spreads can be viewed at any time on the AxiTrader website.
Tools at AxiTrader
AxiTrader also offers its clients a number of useful tools designed to assist clients in their trading process. These are briefly introduced below.
MT4 VPS Hosting
VPS hosting offered by AxiTrader allows traders to better protect their trading activities from downtime. By using VPS hosting, external providers can be used to ensure that trading activities are not affected by technical problems or poor connectivity. An externally outsourced server ensures that the platform runs without interruption. For this reason, VPS is particularly suitable for traders who use automated strategies.
The Autochartist tool is free for all active AxiTrader clients and continuously scans the relevant markets and informs the trader as soon as a favorable opportunity is identified. The tool also provides free daily market reports to give traders an overview of the markets. Basically, the tool offers the following features:
- Automated technical analysis
- Performance statistics
- Volatility analyses
- Filtering of the best trading opportunities
- Market analysis three times a day
Finally, the online broker also provides his customers with a useful economic calendar. This is clearly arranged and provides all-important news that traders can use when trading.
The reports and statistics are also all equipped with a relevance level to better assess the impact on the financial markets.
The AxiTrader demo account
Undecided investors can also try AxiTrader’s free demo version first. During the 30-day trial period, the trading platform MetaTrader 4 can be tested with all its functions without any financial risk. Clients can, therefore, try out their market strategies with real-time market data and thus get closer to trading. If the 30 days are not enough, AxiTrader’s customer service can be asked for an extension. In the demo account, you start with a virtual capital of 50,000 US dollars.
What training opportunities are offered?
AxiTrader also offers a number of training and development opportunities for its clients. Firstly, the online broker provides some texts explaining the basics of Forex trading and CFD trading. However, at the current time of viewing these are only available in English.
AxiTrader also offers numerous video tutorials on the correct use of the MetaTrader 4 trading platform. These cover everything from installing the platform to detailed explanations of the individual functions, navigation, and the different types of orders.
Last but not least there is also a training center for advanced traders. In the video tutorials provided there, in addition to the Forex basics, topics such as various analysis techniques, trading strategies, and also trading psychology are covered.
A special feature of AxiTrader is the customer service, which can be contacted 24 hours a day. If you are already an active client with the online broker, you will automatically be assigned your own account manager as your direct contact for questions or problems. The service team speaks six different languages and comes from twelve different countries, so that support can be provided for each time zone. The live chat is also worth mentioning at this point. Here you will usually receive a competent answer to your question within minutes.
|Support available:||monday to friday, 24 hours a day|
Conclusion of the AxiTrader review
AxiTrader sees itself as one of the largest and leading Forex brokers in the world – and not without good reason. The online experience is largely positive, due in no small part to its ongoing customer service and wide range of currency pairs and CFDs.
And the spreads are also kept low and therefore fair. Due to trading via the British subsidiary AxiCorp Limited, which is regulated by the FCA, German customers also do not need to worry about regulation and deposit protection.
Most asked questions:
What type of broker is AxiTrader?
It is a ECN/DMA Broker with liquidity providers. AxiTrader is known as one of the best Forex Brokers for international trading. AxiTrader offers traders low spreads, a wide range of currency pairs as well as fast execution. It is also possible to trade CFDs with AxiTrader.
Is Axitrader trustworthy?
AxitTrader is a trustworthy and legit online broker. AxiTrader is regulated by the FCA which is a well-known institution for regulating online brokers. Moreover, the customer service answers all upcoming questions 24 hours a day from Monday to Friday.
Can you use MetaTrader 4 on Mac?
Users of MetaTrader 4 can enjoy ultimative flexibility. MetaTrader 4 can be used with apple and android devices. In addition, MetaTrader 4 is responsive with all apple devices, so its usable with a smartphone as well as a tablet oder Mac PC.
What is the minimum deposit for AxiTrader?
With the Standard as well as the Pro account of AxiTraders, the minimum deposit is $0. Opening an account can be done without taking any risk.