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AxiTrader


 


Company information

Broker's name: AxiTrader 

Website: https://www.axitrader.com 

Headquarted in Sydney

Regulated by: ASiC, FCA

E-mail Address: service@axitrader.com




AxiCorp offers two account types – Standard & ECN, both accessible through the popular MetaTrader 4 platform. The ECN account, called MT4 Pro, offers lower spreads (the difference being around 1 pips), but involves a commission of $3.50 per standard lot per side, and requires a higher minimum initial deposit. 

Security of Funds

AxiTrader is a registered business name of AxiCorp Financial Services Pty Ltd, authorised and regulated by the Australian Securities & Investments Commission (ASIC).

In order to serve EU-based clients, the broker has also set up a subsidiary in the United Kingdom - AxiCorp Ltd. It is duly authorised and regulated by the Financial Conduct Authority (FCA).

Minimum Initial Deposit 

There is no minimum deposit required for opening a trading account with AxiTrader. Yet, you need to ivest some in order to initiate a trade. 

Average spreads & Commissions

AxiTrader offers floating spreads, which vary by account category. The typical ones on the MT4 Standard account amount to around 1.2 pips on EUR/USD, which is on the upper end of average, while the ones on the MT4 Pro account are dramatically lower - averaged 0.2 pips on EUR/USD. The Pro ECN account, however, involves a commission of $7 round turn, so trading costs amount to around 0.9 pips for this pair, commission included, which is quite competitive pricing.

Leverage

The maximum leverage rates at AxiTrader are up to 1:400. Such leverage is considered comparatively high, although many other FCA-and ASIC-regulated brokers offer similar or higher leverage rates. 

Trading Platform

Like most forex brokers, AxiTrader supports the popular Meta Trader4 (MT4) platform. It is preferred by most experienced traders, because it is equipped with an advanced charting package, a number of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). Due to its user-friendly interface, novice traders usually also find their way around the MT4 quite quickly. It comes in as PC, web and mobile versions.

What is more, AxiTrader offer their customized version of MT4, called MT4 NexGen. It is equipped with even more features for professional traders and is not available anywhere else.

MT4 NexGen offers a set of tools that enhance everything you do on the platform, such as:

- Sentiment Indicator, which enables you to gain insights into live market trends by viewing how others are trading;
- Session Map – an Interactive map that shows the world’s market opening and closing times;
- Forex news, which allows you not only to Import your favorite news feeds, but also follow traders on social networks.

MT4 NexGen is free to all traders who open an AxiTrader live trading account with a minimum deposit of $1,000.

Promotions

At the time of writing this review, the broker offers Refer-a-Friend bonus of $200 for each referred person who opens a live account with AxiTrader, while the referred one gets $400 in trading.

Methods of Payment

Clients of AxiTrader can make deposits to and withdrawals from their accounts via credit/debit cards, (Visa, MasterCard, Maestro), bank wire, Skrill, Neteller, BPAY, JCB, Global Collect and China UnionPay.

AxiTrader enables clients to open accounts and deposit funds in most major currencies: AUD, EUR, GBP, NZD, SGD, USD, CHF, JPY, HKD, CAD.



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