AxiTrader Review

sign-up-green1
$500
Minimum Deposit
400:1
Maximum Leverage
0.1
Minimum Spread
8.5 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 a well regulated and reliable STP broker for the serious trader. They offer no dealing desk executions – one of the most trusted ways of trading in Forex trading circles - which allows traders to execute their trade directly on the markets without any interference.  This award-winning broker is regulated by the reputed ASIC and the renowned FCA both of which credited for their efforts and strictness in safeguarding the Forex marketing against any kind of fraud dealings.  A higher minimum deposit 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

Account Types Available for Traders

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, leverage of 1:400 and more than 50 currency pairs to trade on.  The minimum deposit is $500 for the two live accounts.

  • Demo account – It is also important to mention that AxiTrader offers a demo account which is loaded 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 minimizing 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 simply the best in Forex trading. The MT4 platform is also available for Android, iPad, Mac and iPhone mobile devices.

Other Highlights

AxiTrader’s growth is particularly credited to its fast execution of trades; 24 hours trade support services, and tight spreads that come with minimum account slippage. As of now, AxiTrader offers two types of executions, notably the Non-Dealing Desk execution and ECN instant trade order.

AxiTrader offers its customers a wide variety of financial instruments to trade on, such as gold, silver, oil and CFDs plus more than 50 currency pairs which you can trade at AxiTrader. In a bid to offer the best and outstanding trading experience to its customers, AxiTrader is constantly adding more financial instruments for its customers to trade on.

AxiTrader is highly 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).

Conclusion

There is no doubt that AxiTrader is one of the most trusted Forex brokers that any trader should work with – it is regulated by respected regulators. 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.