Overview/ Background
AxiTrader was founded in 2007 in Sydney, Australia. By 2012, AxiTrader had already won the Best Spreads Award at the CIOT Expo. In the same year, the company opened London offices and received FCA (Financial Conduct Authority) licensing and regulation. 2013 was a momentous year for the company, as it racked up numerous awards including Best Introducing Broker and Affiliate Program Worldwide at the CIOT Expo, the Best Forex Broker in Asia, Most Recommended Forex Broker in Australia (Investment Trends December 2013 Australia FX Report), and the #1 place for customer service in the same periodical.
By 2014, AxiTrader had won additional awards including the Financial Institution of the Year in the Asia-Pacific Financial Investment Association, and it was recognized as having the strongest brand association and credibility. In 2015, the company launched operations in China and by 2016, some 30+ financial instruments including exotic pairs were added to the platform. In the same year, AxiTrader boasted a client trading volume of $100 billion, placing it squarely in the top echelons of Forex trading brokerages. Further expansion into the Middle East, Germany, and South America took place in the same year. In 2017, AxiTrader received the prestigious honor of Most Reliable Forex Broker.
Account Types
AxiTrader offers 2 accounts that traders can choose from:
MT4 (MetaTrader 4) Standard Account
- Demo trading is available for 30 days
- This Forex account has no setup costs and spreads as low as 1.0 pips.
- FX traders can enjoy PLN, EUR, CHF, GBP, and USD base currencies
- Leverage of 400:1 is available, with free VPS and autochartist functionality
- There is 5-digit pricing in place and expert advisors for optimized automated trades
- There are no commissions levied on trades and the minimum trade size is 0.01 lots.
- The minimum deposit is $0 and there are some 80+ currency pairs, contracts for difference, and metals.
- Mobile trading is available and MetaTrader 4 NexGen technology is also available.
MT4 Pro Account
- Pricing goes to 5 digits.
- A margin of 400:1 is available to FX traders.
- Expert advisors are allowed for automated trading.
- The Pro account is free to set up and spreads are as low as 0.0 pips.
- The commission is billed at USD $7 round-trip, and the minimum trade size is 0.01 lots.
- The minimum deposit amount is $0, and there are 80+ currency pairs, contracts for difference, and metals.
- Full mobile trading functionality is available, including MT4 NexGen and free autochartist.
If traders opt for the 30-day demo account, there is a virtual cash balance of $50,000. The financial instruments can be traded under real market conditions after you have registered at AxiTrader. The live account can be set up in 3 quick and easy steps. Traders simply need to complete their application, verify their ID, and add funds into their account.
Trading Platform/ software
AxiTrader clients can enjoy MetaTrader 4 for iOS and Android smartphones and tablets. The trading platform is available in a real money mode, or a demo trading account. Plus, it is fully operational on PC, Mac, and WebTrader. This allows you to trade Forex pairs (major pairs, minor pairs, and exotic currency pairs) on the go, or from the comforts of home. MetaTrader 4 software is free to download and install, and it is the most sophisticated and powerful Forex software. To download the MT4 platform, clients simply need to pick either the demo application or the live application and create an account. Once you have downloaded the platform from the link, verified your account, and made a deposit, you can trade Forex pairs for real money. The 4-step process to download the trading platform is as follows:
- Download MT4 from AxiTrader
- Install the app onto your PC
- Login to your MetaTrader 4 trading platform
- You can also create a demo trading account on MT4
The MT4 trading report allows you to see details of individual trades, free margin and margin trading, your balance and credit, all deposits and withdrawals made, commissions, swaps, and floating profit & loss. The powerful features in MetaTrader 4 include charting capabilities, trailing stops, stop-loss orders, and take profit. Each of these features is a valuable tool for FX traders.
Deposit options
To add funds to your account, simply click on the available funding options through the Secure Client Portal. The deposit options include PayPal (24 hours a day), credit card (Visa, MasterCard, and Maestro 24 hours a day), debit cards, NETELLER, Skrill, UnionPay, and bank wire. All these deposit options allow for instant transfers with the exception of bank wire which can take 1 – 3 working days. All currencies are accepted with these banking options, except for UnionPay which only takes RMB, and bank wires which are limited to PLN, CHF, EUR, GBP, and USD.
Markets
Several markets are available to traders, including 80 currency pairs, bullion, metals & commodities. These financial instruments include the following:
Currency Pairs – AUD/CAD, AUD/CHF, AUD/JPY, AUD/NOK, AUD/NZD, EUR/CZK, EUR/CHF, EUR/CAD, EUR/AUD, CAD/JPY, CAD/CHF, AUD/USD, ZAR/JPY, USD/ZAR, USD/RUB, and many others.
Cryptocurrency CFDs – BTC/USD
Precious Metals – XAG/AUD, XAG/EUR, XAU/EUR, XPT/USD, XAG/SGD, XAU/USD, and others.
Commodity Cash CFDs – US oil, UK crude oil
Commodity Futures CFDs – Brent crude futures, cocoa futures, coffee futures, copper futures, US natural gas futures, soybean futures, WTI crude oil futures
Index Cash CFDs – Australia 200, China 50, EU stocks 50, France 40, Hong Kong 50, Germany 30, Japan 225, US30, US 500, US Tech 100
Index Futures CFD Contracts – CAC 40 futures, FTSE China 50 futures, Hang Seng futures, Nikkei 225 futures, S&P 500 futures, EuroStoxx50
For a full listing of all the markets currently available at AxiTrader, click here.
Bonuses
AxiTrader did not have any bonuses or promotional offers available to new clients at the time of writing. However, there are various friend referral bonuses which you can enjoy.
Customer Support
Customer support is available through multiple channels. For starters, you can access support 24/7 from Monday through Friday. Live chat functionality is available, and there are toll-free telephone numbers (0800-612-7070) as well as a regular telephone number +44-207-096-7488. For email queries, simply contact service@axitrader.co.uk. Additional customer support services are available through Twitter, YouTube, G +, and LinkedIn. You can follow the latest news, updates, and company messages direct from the social media feeds. Forex traders will find tremendous benefit in the FAQs section. To date, there are customer service professionals in 12 countries and they speak 6 languages. Clients can enjoy dedicated account managers for all personal queries about Forex trading. You’re assured of prompt service and professionalism at all times.
Safety
Safety is the #1 priority for AxiTrader. Fortunately, this Forex broker is fully licensed and regulated by the Financial Conduct Authority (FCA), and ASIC, and Australia. As such, this AxiTrader is fully compliant with regulatory requirements. All client funds are held in secure, segregated trust accounts at leading banks. The company registration # is 06378544; the FCA reference number is 509746, and the VAT number is 151-5978-89. Any complaints can be sent to compliance.uk@axicorp.com. AxiTrader has won multiple awards for safe and secure trading over the years – a testament to its commitment to trading excellence.
Ease of Use
For the most part, AxiTrader is relatively easy to use. Clients will find a full listing of currency pairs under the ‘Our Products’ tab, and there are details of commodity trading and CFDs listed throughout the platform. The registration process can be completed within minutes, and the demo trading account mimics real-life trading conditions with a virtual trading bankroll. All in all, it is easy to understand how to place a call and put options on currency pairs, and commodities (metals, oil, gold, etc.) with this brokerage.
Final Thoughts
AxiTrader certainly qualifies as a leading Forex broker. Multiple currency pairs are available, including majors, minors, and exotic pairs. The MT4 trading platform is the most sophisticated in the world, allowing for full charting capabilities, stop loss, take profit, and a comprehensive history of your trading activity. Generous margin and leverage, swap rates, and rollovers complement the overall FX trading experience on-site. You can trade on PC, Mac, smartphone, tablet, and phablets devices at the click of a button.
