AxiTrader Review

 

Axi Trader

Forex Broker

  • Company name: AxiCorp SA Limited
  • Founded: 2007
  • Offices: Australia, UK, China, US, UAE
  • Regulators: UK FCA Registration No.509746, ASIC
  • Broker type: ECN

Trading info

  • Min. Deposit: $500
  • Leverage: 400:1
  • Min. Spread: 0.1 pips
  • Deposit/Withdrawal: Bank wire, Visa/Mastercard,Skrill
  • Currency pairs: 80+

Trading platform

  • Platform: MetaTrader 4
  • Web based: Yes
  • Mobile: Yes

Open Account

8.1 TradeForexSA
Pros
  • Availability of demo account
  • The best trading platforms available
  • Low spreads
  • Trusted and fully regulated
  • Excellent customer support services
Cons
  • No promotions or bonuses
  • A higher initial deposit required
Summary
AxiTrader is an ASIC and FCA-regulated ECN broker for the serious trader, where traders execute their positions directly on the markets without any broker interference. This award-winning broker requires a $500 minimum deposit, which is more than many other brokers, but if you are committed to generating an income from trading these deposits are to be expected.
Account Types8
Client Support & Onboarding7.5
Free Services8
Deposit & Withdrawal9

Is AxiTrader Safe?

AxiTrader, a brand of AxiCorp, is regulated by the FCA in the UK (license # 509746), and ASIC in Australia (license # 318232).  These regulators are two of the most strict in the world, so AxiTrader should be considered a responsible and safe broker.

Account Types

AxiTrader offers three types of accounts – a demo account, a Standard account, and a Pro account. The three accounts provide a choice of CFDs, metals, and more than 50 currency pairs to trade.  The minimum deposit is $500 for the two live accounts which have a leverage up to 1:400

Demo account

It is also important to mention that AxiTrader offers a demo account with a virtual balance of $50,000 that can be used within 30 days. At the same time, AxiTrader provides a dedicated account manager to each and every trader who opens an account with them.

MT4 Standard account

This particular account is mainly for traders who are beginning to trade in the Forex market. The good thing about this account is the fact that there are no commissions that are attached to it.

MT4 Pro account

This account, on the flipside, is purposed for intermediate traders who are looking for chances of minimising spreads in the course of their trading. The spreads are low, but the AxiTrader’s MT4 Pro account attracts a $7USD per round trip commission.

The Meta Trader 4 platform used by AxiTrader is merely the best in Forex trading. The MT4 platform is also available for Android, iPad, Mac and iPhone mobile devices.

Trading Platform

AxiTrader promotes the use of MT4 as the standard for all accounts.  The Webtrader and mobile apps are all part of the MetaTrader suite, which allows for simple account management from all devices, and consistent technical support.

Trading Conditions

AxiTrader’s growth is credited to its fast execution of trades; 24 hours trade support services, and tight spreads that come with minimum account slippage.

AxiTrader offers its customers a wide variety of financial instruments to trade, which include gold, silver, oil, and 80+ currency pairs. In a bid to offer the best and outstanding trading experience to its customers, AxiTrader is constantly adding more financial instruments for its clients to trade.

Deposits and Withdrawals

AxiTrader is credited for securing their customers’ financial transaction processes. For example, the withdrawal and deposit of funds are not only secure but also fast, and the fee is taken care of by the broker: deposits, just as withdrawals, can be made through bank transfers, Credit Card, Skrill (for EUR, GBP, and USD only).

Compare AxiTrader

AxiTrader Vs. Pepperstone

 AxiTraderPepperstone
FundingBank wire, Visa/Mastercard,SkrillBank wire, Visa/Mastercard, Paypal, Skrill, Unionpay
RegulatedUK FCA Registration No.509746, ASICAFSL No.414530, ASIC
Broker TypeECNECN/STP
Currency Pairs80+62
Minimum Spread0.1 pips0.0 pips
Minimum Deposit$500$200
Max Leverage400:1500:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit AxiTraderVisit Pepperstone

AxiTrader Vs. AvaTrade

 AxiTraderAvaTrade
FundingBank wire, Visa/Mastercard,SkrillBank wire, Visa/Mastercard, Paypal
RegulatedUK FCA Registration No.509746, ASICFSCA No.45984, ASIC, FCA, BVI, FFAJ
Broker TypeECNMarket Maker
Currency Pairs80+50+
Minimum Spread0.1 pips0.7 pips
Minimum Deposit$500$100
Max Leverage400:1400:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit AxiTraderVisit AvaTrade

The Breakdown

There is no doubt that AxiTrader is one of the most trusted Forex brokers that any trader should work with – respected regulators regulate it. The 24-hour customer support services also add in making AxiTrader stand out. The low spreads and MT4 trading platform are also a big plus for AxiTrader.

 

Jeffrey Cammack Administrator
Editorial Director at TradeForexSA
Jeff Cammack is the Editorial Director at TradeForexSA, a Forex trader since 2008, and educator. Always in search of new trading opportunities, Jeff can always be found doing research in the charts or combing through the financial news. When not trading, he is always researching his next article.
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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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