AXITRADER Review
One of the most reliable foreign exchange (Forex) brokers in Australia is AxiTrader. It complies with the rules established by the Financial Conduct Authority (FCA) of the United Kingdom, keeps the money of its customers in separate accounts at the most reputable banks, and provides customer service around the clock and in a variety of languages.
The foreign exchange broker, which began operations in 2007, has been successful in garnering industry accolades beginning in 2012. The following is a list of the accolades that have been bestowed upon it:
Winner of the Best Spreads Award at the CIOT Expo in 2012
CIOT Expo 2013 Awarded Us the Title of “Best Forex Broker Asia
• The Asia-Pacific Financial Investment Association bestowed upon them its Financial Institution of the Year Award (2014)
AtoZForex.com is Proud to Present the Most Reliable Forex Broker Award The 2017 Awards for Forex
A winner of the “Best MT4 Provider Award” from the UK Forex Awards
Is it Safe to Trade on AxiTrader?
AxiCorp Limited is a firm that is regulated by the UK Financial Conduct Authority. AxiTrader UK is a brand that belongs to AxiCorp Limited (FCA). It is a completely owned subsidiary of a financial services provider in Australia by the name of AxiCorp Financial Services Pty Ltd. Clients from all over the world have faith in the broker because it satisfies the requirements of the applicable financial legislation and provides superior assistance to its clients.
Create an Account, and Get Trading Right Away
At AxiTrader, you have the choice to sign up for a practice account instead of a real one. It does not cost anything, but the validity period is limited for a month. During these thirty days, customers get the opportunity to practice using trading platforms without putting any of their own funds at risk. A demo account on AxiTrader is a simulation of the real-world trading environment. Traders using demo accounts have access to the same real-time spreads and trade execution speeds as they would with a live account.
When you sign up for a demo account, you are credited with a starting balance of $50,000 worth of virtual currency. Your demo account includes customer service available 24 hours a day, seven days a week, and dedicated account managers.
You are required to provide your real name, email address, and phone number in addition to selecting your country of origin before you can create a sample account. You are also need to indicate that you are willing to receive news and promotions from the Forex broker and that you are in agreement with its privacy policy.
Demo accounts can be made permanent, although they only remain active for a period of thirty days by default. At the end of the thirty days, you will be required to open a live trading account and email service@axitrader.com with the account details of both your live and demo trading accounts. After that, the broker will change the status of your demo account to that of a permanent account. Traders can also request permanent status for their demo accounts through live chat, when the option is available to them.
Customers who want to add more content to their demo accounts must get in touch with customer service via live chat, the telephone, or email.
If and when you are prepared to begin trading for real money, you will be able to open a live trading account with AxiTrader. This may be accomplished in three easy steps:
Please submit your application by filling out the online form.
Please present a valid ID.
Deposit funds into the brand-new trading account that you just created.
You should read the client agreement document, the execution policy, and the CFDs and FX product schedule of the online broker before you open a real account with them.
Different Kinds of Accounts
AxiTrader provides users with access to three primary account categories, each of which may be further described as follows:
Regular Customer Account
You will be able to take use of all of these perks after you establish a basic account:
No minimum deposit
No commission
Choose from 80 different currency pairings.
Totally free to install and get started with.
Pro Account for MT4
The following are some of the advantages that come with having an MT4 Pro account:
Trades that are carried out instantly
No minimum deposit
Commissions starting at at $3.50 per played half
Spreads in raw format that begin at zero.
No requotes
Open an account for spread betting.
You are able to open a spread betting account so that you can place spread bets and benefit from gains that are not subject to taxation. Utilize leverage to improve your profits, but be aware that doing so also raises the possibility that you could incur a loss.
Buying and Selling Platforms
At AxiTrader, customers have their choice of trading platforms including the following:
MetaTrader 4
Because it is accessible via PC, Mac, the web, and mobile devices, the MT4 trading platform makes it easy for customers to engage in financial transactions. If you ever find yourself in a situation where you are unable to proceed, you can acquire the assistance you require by consulting useful resources such as “Learn to Use MT4” and “Guide to MT4 NexGen.”
Trading is available on 61 different currency pairings through AxiTrader’s MetaTrader4 platform, which also supports automated trading. Traders are not need to pay anything to put it up and can download it at no cost. MT4 is available for use on personal computers (PC and Mac), as well as mobile devices. Traders who do not want to install any trading software on their own computers have the option of using MT4 WebTrader, which enables trading to take place within the trader’s web browser.
The following capabilities can be found on the high-performance platform known as MetaTrader 4:
Accurate and rapid trading made possible by fiber optics and co-location of servers
Trading with a single click
pliable financial instruments for trading
Increased levels of connectedness
Trading that is done automatically
Complete market coverage
MT4 NexGen
This platform includes capabilities such as sentiment trading, better ordering, and advanced administration tools as standard fare. It is a lightweight platform packed with features such as an economic calendar, automated trade journal, new terminal window, mini manager, session map, and forex news. Other features include a sentiment indicator, alarm manager, correlation trader, and automated trade journal.
All traders who open a live trading account with AxiTrader and make a minimum deposit of one thousand dollars are eligible to receive MT4 NexGen at no additional cost.
MT4 Trading Signals
You will be able to copy the trading techniques of other successful traders directly onto your MT4 platform if you make advantage of these signals. Utilizing this feature will allow you to obtain access to hundreds of pre-built trading methods, transactions can be carried out in a straightforward manner, and automated trading can be performed.
In addition to this, they are able to communicate their trading techniques to the millions of other investors that use MT4. AxiTrader is of the opinion that traders should develop and implement their own trading styles and methods; hence, it enables traders to employ trading signal technology provided by third parties on its MT4 platform.
Manager of Multiple Accounts (MAM)
AxiTrader provides its users with an integrated solution known as MAM, which makes it possible for single traders to execute transactions on all accounts that are managed under a single master account. Traders are able to place several orders on multiple accounts at a fast rate of speed thanks to this feature.
AxiTrade Products
The following is a list of the various financial products that can be found at AxiTrade:
1. Spread Betting – This is a sort of financial betting that involves investors to choose an instrument such as CFDs, indices, and FX and speculate on the price movement. Spread betting is a type of financial betting that has been increasingly popular in recent years. Profits from spread betting are exempt from taxation if you are a resident of the United Kingdom and make those profits.
2. Currency Pairings – AxiTrader allows you to trade in 80 different currency pairs, some of which include important currencies such as the Japanese yen, the United States dollar, the British pound, and the Euro. In order to provide its customers with an enjoyable and profitable trading experience, the broker maintains accurate and narrow spreads.
3. Commodities — If you trade commodities with AxiTrader, you will not actually be the owner of any commodities you buy or sell. You focus solely on trading based on changes in the prices of commodities. At the Forex broker, you will have the ability to trade commodities such as gold, silver, and oil.
4. Contracts for difference (CFDs): When you trade CFDs, you can profit from price movements in the underlying securities or financial instruments. You can also make use of leverage and invest your money in a variety of other financial instruments by spreading it out.
Trading Instruments
AxiTrader provides its users with a tool box that contains six helpful trading tools. These tools can be used by traders to help them make significant trading decisions and increase their earnings.
MT4 Forex VPS Hosting – Subscribe to this forex VIP hosting to trade without delays caused by issues related to connectivity or technology. To guarantee that their customers’ trading platforms are available around the clock, companies that provide virtual hosting make use of remote servers. The employment of expert advisors (EAs) or automated trading techniques makes the utilization of virtual hosting an absolute necessity for traders.
ForexVPS is AxiTrader’s VPS partner, and the company’s servers are located in New York City. Traders who subscribe to this service will receive a refund of up to $34.99 of the monthly hosting charge for their ForexVPS account if they trade more than 20 lots in a single calendar month.
Autochartist – This is a tool that is made available to all AxiTrader clients at no additional cost. It constantly monitors markets, looks for chances, and alerts traders to those opportunities that it finds.
Traders can view impending events by using this tool, which is known as the Forex Economic Calendar.
AxiTrader clients have the ability to connect their trading accounts to a variety of trading tools, including TradeWorks and UnitedForexTraders, which are referred to as “Signal Providers.”
PsyQuation is an innovative data analytics platform that is premium, high performance, and contains powerful indicators, complete forecasts, trade signals that are often updated, and quantitative models at the institutional level. It includes premium trading tools, such as the Order Flow Sentiment Indicator (OFSi), which gives traders the ability to view the order flows of more than 22,000 live accounts simultaneously.
Receive Instruction at No Cost to You
Online training, fundamentals, and trading materials are the three components that make up AxiTrader’s educational offerings.
Online Education and Training: The broker provides online education and training in the form of video tutorials, online education, video webinars, and free eBooks.
The Fundamentals — Traders who are just starting out in the world of internet commerce should read this section. Those who are interested in learning how to trade can acquire the fundamentals of forex, as well as CFDs and indices, in this section.
Trading Resources is a collection of resources that may be utilized by both novice and experienced traders alike. They consist of market holidays, rollover dates for futures and CFDs, a dividend forecast schedule, and an economic calendar for the FX market.
24/7 Support
When ever their customers require assistance or service, AxiTrader is there to provide it for them. The customer service representatives on the broker’s international team come from a total of 12 different nations. Therefore, there are six different language options for contacting customer care.
As a result of the fact that the foreign exchange broker maintains offices in London, Chisinau, Dubai, and Sydney, it is able to provide help to traders whenever it is required, and this includes providing support for MT4. The fact that AxiTrader assigns a specialized account manager to each individual customer is the service department’s crowning achievement in terms of customer satisfaction. In this way, customers can rest easy knowing they will always receive individualized service.
At AxiTrader, the following is a list of available methods for contacting customer support:
Please call us on the following numbers: +44 203 544 9646 (UK), +61 2 9965 5830 (Australia), and 0800 612 7070 (UK toll free) (international).
Please contact us at service@axitrader.co.uk with any questions or concerns.
To contact the broker for free, dial the following numbers: (0800 612 7070) in the United Kingdom; (80 060 01 30) in Spain; (1300 888 936) in Australia; (800 120 6765) in Singapore; (400 057 9816) in China; (0800 480 404) in New Zealand; (0800 7244085) in Germany; (1800 81 6529) in Malaysia; and (800 120 6765) in Hong Kong (800 903 578).
Fill out a short form on the website to make a request for the broker to call you back.
Please email your complaint to compliance.uk@axicorp.com or write to the complaints officer at Client Services, AxiCorp Limited, located at 36–38 Leadenhall Street, London EC3A 1AT, United Kingdom.
Open the real-time conversation window.
Send correspondence to AxiCorp Limited at 36–38 Leadenhall Street, London, EC3A 1AT, United Kingdom or to AxiCorp Financial Services Pty. Ltd. at PO Box 1079, North Sydney, NSW 2059, Australia. Both addresses can be found in the following link:
Transactions for Deposits and Withdrawals
You are able to fund your AxiTrader.com account using any one of the following methods:
Cards that have a credit and debit function, such as JCB, Maestro, MasterCard, and Visa, are able to provide instant funding.
Skrill – immediate to 15 minutes
Neteller – immediate to 15 minutes
BPay (exclusively for Australians) – same day or the following day
Global Collect (only available to Australians) – between three and five working days
Transfer from One Broker to Another: Three to Five Working Days
Transfer via Bank — Transfers between local banks take place almost immediately, whereas transfers between foreign banks can take up to five business days
China Union Pay (only available in Chinese) – one to three business days
You have the following options available to you for withdrawing your profits:
If you use Neteller to withdraw your money, your earnings will be deposited into your account either the same day or the next.
Using Skrill, you can have money transferred back to your bank account.
Global Collect: between three and five days
Same day or the following day for BPay.
China Union Pay – 1 – 3 working days
Bank Transfer: The processing time for a local bank transfer is one day, however the processing time for an international bank transfer might take up to five days.
You are not permitted to make deposits or withdrawals using credit or debit cards, bank accounts, or accounts associated with electronic wallets that are not in your name.
FAQ
Which other trading platforms are compatible with the AxiTrader platform?
MetaTrader 4, MT4 WebTrader.
When opening an account with AxiTrader, what is the bare minimum amount that must be deposited?
5 USD.
Our Closing Reflections
If you are interested in spread betting, AxiTrader is an excellent choice for a broker because of its reliability and trustworthiness. However, it does have some drawbacks. We strongly recommend that you begin your experience with AxiTrader on a demo account and then then transition to actual trading.