AxiTrader Review

AxiTrader
30 day free demo trial
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Overview

In this AxiTrader review we are going to look at all the pros and cons of trading with this forex and CFD broker. AxiTrader is a forex and CFD broker…. more

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Details

Broker AxiTrader
Website URL https://www.axitrader.com
Founded 2007
Headquarters AxiCorp Financial Services Pty. Ltd. Level 10, 90 Arthur St, North Sydney, NSW 2060 AUSTRALIA
Support Number International: +61 2 9965 5830, New Zealand 0800 480 404, Australia 1300 888 936, China 400 057 9816, Germany 0800 7244085, Hong Kong 800 903 578, Indonesia 0018030164060, Malaysia 1800 81 6529, Singapore 800 120 6765, Spain 80 060 01 30, Thailand 001800120664622, United Kingdom 0800 018 3306
Support Types email: [email protected], Live Chat and Phone
Languages English, Aravic, Chinese, Korean, Spanish, Bahasa Indonesia, Russian, Thai, Japanese, Vietnamese
Trading Platform MT4 for PC, Web, Mac and Mobile, MT4 NexGen, MT4 Forex Trading Signals, MT4 Multi Account Manager, CFD Rollover Dates, Myfxbook Autotrade
Minimum 1st Deposit $200
Minimum Account Size $1
Minimum Trade Amount 0.01 lot
Maximum Trade Amount 50 standard lots
Bonus 30 day free demo trial
Payout 3 to 5 business days
Leverage up to 500:1
Spread from 0.1 pips
Free Demo Account Open Demo
Regulated Yes
Regulation AxiTrader is authorised and regulated by the Australian Securities & Investments Commission (ASIC), AFSL number 318232.
Commissions Yes
Commission Info AUD$7 per round traded lol
Account Types standard, pro, demo, auto trading, Islamic
Deposit Methods The payment methods are: Debit and Credit Cards (Visa, Master, Maestro, JCB), Neteller, Skrill/Moneybookers, Global Collect (only for Australian clients), BPAY (only for Australian Clients) China Union Pay, Bank Transfer, Broker to Broker Transfer.
Withdrawal Methods The payment methods are: Debit and Credit Cards (Visa, Master, Maestro, JCB), Neteller, Skrill/Moneybookers, Global Collect (only for Australian clients), BPAY (only for Australian Clients) China Union Pay, Bank Transfer, Broker to Broker Transfer.
Trading Methods Forex Trading, Bullion, Metals & Commodities, Gold and Silver Trading, Oil Trading, Indices Trading, Bitcoin CFD
Number of Assets 80+
Types of Assets over 80 forex and CFD instruments
Trading Currency AxiTrader offers 80 different currency pairs, including all major currencies such as USD, EUR, GBP and JPY.
Account Currency AUD, EUR, GBP, NZD, SGD, USD, CHF, JPY, HKD, CAD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 10

Full Review

In this AxiTrader review we are going to look at all the pros and cons of trading with this forex and CFD broker.

AxiTrader is a forex and CFD broker. They give traders access to a broad range of financial instruments and markets like commodities and forex.

To open a live trading account at AxiTrader you need to do a first deposit of just $1 or more. AxiTrader also offers a demo account which you can use to get familiar with the trading platform with.

AxiTrader is regulated by the Financial Conduct Authority, (FRN: 509746), and ASIC (AFSL #318232). AxiTrader segregates their clients money on tier 1 banks. AxiTrader is founded in 2007 and has their head quarters in Australia.

Before we outline the aspects of trading at AxiTrader, it’s spreads, fees, platforms and trading instructions, you might want to open the AxiTrader website in a new tab by clicking the button below.

What are AxiTrader’s spreads and costs?

Like most brokers, AxiTrader makes money trough spread, the difference between the buy and sell price of a financial instrument.

The spreads in the table below show the minimum spread as shown on AxiTrader’s website. I have compared AxiTrader with City Index and Forex.com for comparison reasons so you can how competitive AxiTrader is.

Forex PairAxiTraderCity IndexForex.com
EUR/USD0.2 Pips0.7 Pips0.1 Pips
GBP/USD0.6 Pips1.7 Pips0.1 Pips
USD/JPY0.1 Pips0.6 Pips0.1 Pips
AUD/USD0.1 Pips0.6 Pips0.2 Pips
USD/CHF0.2 Pips2.3 Pips0.2 Pips
USD/CAD0.2 Pips0.5 Pips0.3 Pips
NZD/USD0.2 Pips2.8 Pips0.3 Pips
EUR/GBP0.2 Pips0.5 Pips0.1 Pips

Like you can see, at AxiTrader the minimum spread to trade EUR/USD is 0.2 pips, what is relatively low compared to the average EUR/USD spread of 0.70 pips. To buy one standard lot EUR/USD (100.000 units) at AxiTrader at 1.1719 and sell the same day for the same price, you’re most likely to pay just $1. At AvaTrade, for instance, you would pay $7 for the same trade.

Asset Classes and Financial Instruments at AxiTrader

AxiTrader offers more than 102 different financial trading instruments, of which 80 forex pairs. AxiTrader has more forex pairs than other brokers. For comparison reasons I have compared AxiTrader with AvaTrade‘s product offering.

FX/ Currency PairsAxiTraderAvaTrade
Amount Offered8059
Major PairsYesYes
Minor PairsYesYes
Exotic PairsYesYes
Crypto PairsYesYes
Commodity CFDs
Amount of CFDs offered616
Precious MetalsYesYes
Energy MarketsYesYes
Agricultural ProductsYesYes
Index Funds and Equity CFDs
Amount of Index Fund and Equity CFDs offered099
US SharesNoneYes
Uk SharesNoneYes
German SharesYesYes
Japanese SharesNoYes

AvaTrade Review

Trading at AxiTrader

AxiTrader Trading Platforms and Apps

AxiTrader offers trading on the famous MetaTrader 4 forex trading platform. To see a list of top MT4 brokers, visit our top MT4 brokers page. The several different platforms are downloadable for both Mac and Windows.

AxiTrader also offers Android and iOS apps which makes trading on the possible.

Placing Trades at AxiTrader

AxiTrader allows you to open a trade from 0.01 lot and up to 100 lots. This can depend on the type of account you open. As AxiTrader offers ECN and STP order execution, you can expect very tight spreads and more transparency about your trading fees than at other brokers.

STP and ECN Brokers

You can open a demo account, Micro-Account,Mini-Account, Standard Account, Zero-Spread Acount and Islamic Account. You can fund these accounts by credit card, bank wire transfer, Skrill, Payoneer and Neteller.

As market maker AxiTrader has lower minimum deposit requirements compared to an ECN broker that profits from bigger trading volume and generally more capital. Market makers overall have low requirements to open live accounts and this is also the case with AxiTrader, where you can open a live account from just $1.

AxiTrader promises no requotes, so you don’t have to worry about slippage at AxiTrader (the case when orders are being executed for a different price than you actually bought it at).

Like most brokers, the margin requirements are depending on the trader, account type and traded assets, but at AxiTrader margin requirements can be as low as just 1%.

AxiTrader Customer Service

Axitrader‘s trading platforms, website and customer service is available in quite a lot of languages, including: English, Chinese, Spanish, Thai, Italian, Polish, German, Vietnamese, Japanese, Russian, Romanian and Arabic.

AxiTrader’s customer service is very professional and helpful. They are available by live chat, phone and per email.

What you need to open an account at AxiTrader

Because Axitrader is being regulated by the Financial Conduct Authority and the ASIC, every new client most go trough some necessary compliance checks to make sure they understand the risks involved in trading and before they can start trading. Whilst opening your account, the following documents can be asked, so it’s handy to have them at hand:

– A color copy of your passport, drivers license or national ID card.
– A recent utility bill or bank statement not older than three months which has your address on it.

You also need to answer a few compliance questions to see how much trading experience you have. So, keep in mind that opening an account can take up to 10 minutes of your time.

You can explore the AxiTrader platform right away but you can place trades only after having went trough this registration process.

You can open a demo or real account with AxiTrader trough their website.

Screenshots

Screenshot 1 Screenshot 2

Pros

  • Free 30 day demo account
  • Islamic Accounts available
  • ECN Accounts Available
  • Cryptocurrency CFD's available
  • MT 4 compatible

Reviews

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Overall Rating

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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