Axitrader Is It A Scam? Review

AxiTrader Forex broker is a product of AxiCorp Limited Company, which is regulated by FCA in the Great Britain and it is authorized to do so in that country. On the other hand, AxiCorp Limited is a subsidiary of AxiCorp Financial Services Pty Ltd, an Australian company that has been holding the leading positions in the Forex market since its foundation. As a result, a new Forex broker appears in the financial market, AxiTrader, registered in London with its headquarters in Sydney. The broker offers profitable and functional trading on the Forex and other markets in the advanced terminal, bonuses, narrow spreads, etc. Their automated signals and technical analysis are brought to you through the AutoChartist folks.

In the flagship Forex part of their business, users have access to more than 80 currency pairs to pick and choose from. Having a large range of options gives the opportunity to achieve trading goals across a more diverse trading portfolio. The broker outlines a number of general services on the homepage, but one of the most important is the Demo account and there aren’t many brokers offering a demo account this flexible. While the differences between the two account types might not seem significant, the key is in the detail. And, hey, you could always swap to a different account if you needed to.

axitrader forex broker review

You can also check out our new guide on how to choose a forex broker here. Bank Transfer – local bank transfers are processed the same day, but international bank transfer withdrawals may take up to 5 or more working days. Sentiment Indicator, which gives you insights on live market trends based on observing other axitrader forex broker review people’s trading activities. Founded in 2013, Trading Pedia aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators.

Axitrader Awards

Insurance up to $1 million by Lloyd’s is available for the accounts larger than $20,000. Axitrader is considered good and reputable to trade with Axitrader. Axitrader is used by over 10,000 active traders and Axitrader users.

  • Since the broker complies with financial regulations and offers excellent customer support, clients from all over the world trust it.
  • Registered clients have access to Forex trading around the clock, with no limitations in regard to their skill, level of knowledge, and geographical location.
  • Previously, AxiTrader represented 400-dollar trading credit bonus.
  • With that said, Axi does not charge an inactivity fee and withdrawal fees.
  • We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead.
  • This is actually quite an impressive list of services that range from trade copying software to social trading and trade analytics software.

The AXITrader is regulated by ASIC and the FCA since its main seat is in Australia and the branch office in the UK. This is good news for all AXITrader investors since both regulators are known as responsible institutions which genuinely try to keep the financial market safe and fraudsters away. The most surprising info about this broker is that it accepts US clients since European brokers never do. This is mostly because the trading laws are different and what is legal in Europe, isn’t in the USA.

Of course, you can also give it a whirl with a free demo account beforehand. In terms of the trading platforms and technology at AxiTrader, they make use of the MT4 software. Most traders will no doubt be aware of this platform and many will have used it at other brokers. There are two types of live accounts and these are the standard and the pro accounts. These basically differ according to their fee structure as well as the amount of leverage that you can employ with them. There are a range of account types that you can choose from at AxiTrader. These include the demo account as well as two different “live” accounts.

Axitrader Withdrawal And Funding Methods

When you install it on your device it connects to the AxiTrader server from with your MT4 account details. This has a pretty extensive array of soft forex features for a mobile trading application. For example, you can still do a great deal of charting as well as implement a many of the studies.

Tier 1 is the official measure of a banks financial health and strength. To start the process of opening an account with Axitrader you can visit the Axitrader trading platform here.

Axi is a member of the Hong Kong-based Financial Commission, featuring a €20,000 compensation fund. A $1,000,000 client money insurance policy is also in place, making the unregulated St. Vincent and the Grenadines unit the best-protected one with the best trading conditions. Trading with a regulated broker will limit the potential for fraud and malpractice.

axitrader forex broker review

That’s why the AxiTrader MT4 is the main software people can use here. MetaTrader has long been an industry standard and there’s just no way of going wrong with it. AxiTrader offers support and service to its clients whenever they need it. The broker has an international team of customer support representatives from 12 countries. This platform comes trading platform with features such as advanced management tools, sentiment trading, and enhanced ordering. The MetaTrader4 platform at AxiTrader comes with trading on 61 pairs of currencies and automated trading. If traders do not wish to download any trading software on their computers, they can opt for MT4 WebTrader, which enables trading on their web browser.

It allows users to access the software’s benefits in running the server component and the client features. The client software sees the live streaming prices of forex currency pairs and displays their trend charts. It suggests insights to place orders and manage investments of its users. The technology infrastructure of AxiTrader is built with advanced trading tools. They provide complete support to the automated trading experience. They run backtesting on features and user capabilities and support thousands of registered third-party plugins. AxiTrader does not promote any specific platform higher than the other, which makes it quite unbiased.

Today, I am very grateful to Axitrader because without them, I would not have had the opportunity to gain experience in this field. I hope that Axitrader can also continue to provide knowledge and opportunities to those out there who want to venture into the field of trading. When opening a trading account with Axitrader, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Axitrader trading platforms here. You will need to provide some basic documentation to prove your identity as part of Axitrader onboarding and normal KYC identity checks.

Trading Platforms With Axitrader

Demo accounts last only for 30 days, but there is way to make them permanent. At the end of thirty days, you have to open a live trading account and send the account numbers of your live and demo accounts to The broker will then update your demo account to permanent status. Traders can also request permanent status for their demo accounts through live chat. Relatively high entrance threshold ($200) are the reason for speculators to hesitate from registering on the website axitrader.com.

axitrader forex broker review

The short answer is yes; AxiTrader stands out as a safe and reliable broker. So you can open an account with it by going through our AxiTrader review content above, where all aspects of this platform are covered. As a brand, AxiTrader generates high volumes of cash through its operations and transactions. Its high cash flow generation is further supported by the ability to register an impressive dividend payout ratio. Over the years, it has significantly increased its growth margin due to its process automation, market maturity, and mobile trading. The valued clients of AxiTrader have helped the brand distribute its global revenue base across multiple streams, including overnight fees and dealing spreads.

Alternatives To Axi

The simple trading software is well equipped for beginner and professional needs. Yet again, the broker offers no re-quotes to the delight of many traders.

Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can’t remember which currency you’re taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like forex broker types to trade. Axitrader MetaTrader 4 is compatible with the latest macOS Mojave. Axitrader allows traders to trade on mobile devices through Android and IOS devices like the iPhone. If you are looking for Forex brokers to trade currency pairs on global Forex markets Axitrader offer over 100 currency pairs.

CFDs are complex instruments and come with a high risk of losing money or investments rapidly due to leverage. About 74 – 89%% of retail investor accounts lose money when trading CFDs with this provider. You should know if you are willing to take the risk of losing money by trading CFDs before making a decision. You don’t have to make a minimum deposit to open a standard account and enjoy features such as zero commission, 80 currency pairs, single-click trading, data analysis, and drag & drop charting. Axi is an established platform that attracts the attention of traders worldwide with its competitive pricing, low spreads, and vast range of currency pairs. Customers have a choice from two types of live accounts, standard and professional. The brand is overseen by major regulators like FCA and Australia’s ASIC, so you can rest assured your capital is in good hands.

axitrader forex broker review

Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. Seasoned traders who are already well-versed in working with the MT4 software can set up a live account for free. They, too, have a choice from the two options listed above – Standard and Pro. Both have no set-up costs but there are some differences concerning commissions and spreads. These include low margins (1%), the absence of brokerage fees for standard AxiTrader accounts, very competitive spreads, and access to detailed charts and reports that can assist you with your analysis.

Mt4 Standard Account:

It also runs through the performance statistics of traders and helps them fine-tune their approach. Autochartist is not the most effective third-party plugin AxiTrader offers to its clients. The Autochartist plugin also serves as one of the most important tools for retail traders. It eliminates the conditions where retail trader accounts lose money. In this AxiTrader review, different aspects of this broker have been explored and analyzed.