|WebTrader, Mobile Trading, MT4|
|YesOpen Demo Account|
|ASIC #AFSL number 318232, SVGFSA #25417 BC 2019, DFSA #Category 4 license with a "Retail" endorsement FCA #509746||
|up to 1:500 (1:30 for EU clients)|
|No Minimum Deposit||
|Australia, UK, Saint Vincent and the Grenadines|
Country founded: Australia
Regulation: ASIC (Australia), FCA (UK), FMA (NZ)
Minium Initial Deposit :$200
Demo Account: Yes
Asset Coverage :CFDs, ETFs, Forex, Cryptocurrency, Shares, Bonds, Oil, Commodities
Leverage: Up to 400:1
Trading Platforms: Meta Trader 4 & MetaTrader 5
AxiTrader UK is registered in Wales and England with registered number 06378544. it’s one among the trading names of AxiCorp Limited. In the U.K., the Financial Conduct Authority authorizes and regulates AxiCorp. it’s the FCA reference number 509746 and is registered at 55 Baker Street, London, W1U 7EU.
The Dubai branch, which opened in 2018, is regulated by the DFSA.
AxiTrader obtains its revenues from spreads in its Standard Accounts and also from commissions charged in its Pro Accounts. Additionally, this broker may be a market maker meaning it’ll directly enjoy traders’ losses where it acts because the counterparty.
Financing costs on overnight positions, or swap rates, equally apply and are passed onto traders. CFD positions on indices are subject to corporate actions, like dividends, which can either be credited or debited from a trader’s portfolio, counting on the trading position held past the ex-dividend date.
This broker is primarily a forex broker and offers over 80 currency pairs which is an ample coverage of the currency market; many minor and exotic currencies are available for trading. a mixture of hard and soft commodities, 31 equity CFDs and 6 cryptocurrency CFDs complete the offered products. The asset selection is quite limited and proper cross-asset diversification is impossible. Pure Forex accounts enjoy a sound selection of assets, and indices are presented properly. AxiTrader offers new retail traders many opportunities to start out their first trading account, but more advanced traders will run into limits rather fast.
Spreads within the Pro Account start from as little as 0.0 pips on the EUR/USD, the raw spreads accompany a tag of $7 per lot round trip; this represents a particularly competitive commission charged for raw spreads. Active Forex traders can immensely enjoy this trading environment which concludes one among the simplest features offered by this broker. Spreads within the Standard Account start from 1.2 pips within the EUR/USD, but are freed from commissions.
AxiTrader offers the comprehensive suite of the MT4 trading platform which runs on all devices, PC or Mac, Android or Apple, and also comes as a web version. Like many other brokers, AxiTrader doesn’t provide any of the required upgrades to turn the MT4 trading platform from a below-average out-of-the-box platform into a powerful gateway to financial markets. The most standard approach is to market the MT4 as a dominant trading platform as is since most retail traders are unaware of the limitations or what else is available.
The MT4 infrastructure allows for the development of cutting-edge trading solutions, fully supports automated trading and features back-testing capabilities. The foundation of the MT4 is solid which explains why so many third-parties have invested hundreds of millions around this platform. AxiTrader doesn’t make an effort to present the MT4 trading platform properly, which is moderately disappointing.
AxiTrader lists a tool with the name “MT4 NexGen”, but clicking on it merely directs to the homepage of this broker. Conceivably something is intended, or maybe something has been abandoned, but in any case, this is unacceptable from a broker who wants to communicate a sophisticated impression. The MT4 Multi-Account Manager (MAM) is equally available which greatly complements the excellent trading conditions offered in the Pro Account.
AxiTrader offers the great suite of the MT4 trading platform which runs on all devices, PC or Mac, Android or Apple, and also comes as an internet version. Like many other brokers, AxiTrader doesn’t provide any of the specified upgrades to show the MT4 trading platform from a below-average out-of-the-box platform into a strong gateway to financial markets. the foremost standard approach is to plug the MT4 as a dominant trading platform as is since most retail traders are unaware of the restrictions or what else is out there.
The MT4 infrastructure allows for the event of cutting-edge trading solutions, fully supports automated trading and features back-testing capabilities. the inspiration of the MT4 is solid which explains why numerous third parties have invested many millions around this platform. AxiTrader doesn’t make an attempt to present the MT4 trading platform properly, which is moderately disappointing.
AxiTrader lists a tool with the name “MT4 NexGen”, but clicking thereon merely directs to the homepage of this broker. Conceivably something is meant , or even something has been abandoned, but in any case, this is often unacceptable from a broker who wants to speak a classy impression. The MT4 Multi-Account Manager (MAM) is equally available which greatly complements the superb trading conditions offered within the Pro Account.
There is a Market News section on the AxiTrader website designed to stay clients up to date with the newest relevant news. Here, you’ll find forex marketing research posted nearly a day. Topics range from GDP figures to monthly volatility to position watches and more.
There is also a page within the Market News section dedicated to technical analysis. Additions to the present page are less regular, but you’ll still find a huge range of topics.
For those that prefer video analysis, AxiTrader also has videos outlining market updates. These feature AxiTrader experts and include the foremost relevant information for traders.
To assist clients with their education and trading skills, AxiTrader offers both seminars and webinars. These online trading workshops are complimentary to clients and designed to appeal to a variety of skill levels. AxiTrader’s experienced traders host regular online workshops.
The bulk of AxiTrader’s research has been outsourced to Autochartist and PsyQuation Premium which is perfectly fine. AxiTrader does operate a marketing research section where it provides quality content through market commentary, crammed with trade ideas. This complements the outsourced research and produces an overall remarkable combination that grants traders a beautiful research package.
Education follows an equivalent approach and relies on PsyQuation Premium, which is complemented by educational articles published on the AxiTrader website, video tutorials, eBooks and a web trading course. New traders are given all the tools required to find out the way to trader then become a far better trader at AxiTrader. As this AxiTrader review progressed, more bright spots began to emerge that lifted this brokerage into a better echelon.
Outsourced research is complemented by in-house content that features quality articles with trading ideas.
AxiTrader offers a comprehensive range of deposit and withdrawal options. Besides credit/debit cards and bank wires, clients have the selection of Skrill, Neteller, China Union Pay, FasaPay, Thai International Banking, Vietnamese Instant Banking, and Polish Instant Banking. While no fees are imposed from AxiTrader, third-party fees are applicable. time interval is listed as instant for many options, apart from bank wires which may take up to 5 business days. For security reasons, the name on the account from where a deposit originates must match the name on the account, and withdrawals are going to be sent back via an equivalent means of the deposit method.
New accounts are opened via a web form , as is that the standing operating procedure across all brokerages. AxiTrader has created a three-step process that satisfies regulatory requirements with regard to AML/KYC requirements and new traders should feel comfortable submitting their details, copy of ID and proof of residency to the present broker.
AxiTrader provides 24/5 support and traders can either call a toll free number, request a call-back, send an e-mail, or use the live chat to contact a representative. Most topics are sufficiently covered, and an FAQ section is additionally available. Traders at reliable brokers typically don’t experience the necessity to contact customer support and this appears to be the case here at AxiTrader also . Despite some minor issues, this broker is managed well, and clients are unlikely to seek out themselves in need of support.
AxiTrader is an awarded broker based in Australia. it’s additional branches round the world to serve international clients. AxiTrader is regulated by multiple regulators, including the ASIC and FCA, and keeps client funds segregated.For UK clients, they also offer spread depending on the markets which may be a tax-efficient way of using the platform as any gains are exempt from capital gains tax.