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AxiTrader Review

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Editor's Review

AxiTrader Rating
8.83
9.5 Security
8 Spreads
9 Customer Service

Founded in 2007 in Sydney, AxiTrader launched its London brand in 2012, and its China operations in 2015, before reaching $100 billion in monthly client trading volume – which coincided with its expansion into the Middle East, Germany, and Latin America in 2016.

 

Trading Accounts

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 pip), but involves a commission of $3.50 per standard lot per side, and requires a higher minimum initial deposit.

Micro lots are available for trade on both account types for those unwilling trade in large volumes.

 

The Company & Safety of Funds

AxiTrader is an FX and CFD brokerage serving both retail and institutional clients. Since being founded in 2007 in Australia, AxiCorp has grown into a truly global business with offices in Sydney, London, and Dubai.

AxiTrader is a registered business name of AxiCorp Financial Services Pty Ltd, authorized 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 authorized and regulated by the Financial Conduct Authority (FCA).

 In April 2018 AxiTrader announced the opening of an office in Dubai along with a new license from the local Dubai Financial Services Authority (DFSA).

 

Commissions & Spreads

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, the commission included, which is quite a competitive pricing.

 

Leverage

The maximum leverage rates at AxiTrader are up to 1:400. Such leverage is considered comparatively high.

 

Platform

Like most forex brokers, AxiTrader supports the popular MetaTrader4. 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 a PC, web and mobile versions.

 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.

 

Deposit & Withdrawal

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.

 

Conclusion

AxiTrader is a reliable and well-regulated STP/ECN broker, offering to trade in various currency pairs and CFDs on the most widely used MT4.

 


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