AxiTrader Review

AxiTrader is one of the most trusted forex brokers of Australia. It is compliant with the regulations of the UK Financial Conduct Authority (FCA), maintains clients’ funds in separate accounts at top-tier banks, and offers 24-hour customer support in multiple languages.

The FX broker, which was established in 2007, has been winning industry awards right from 2012. Here is a list of awards it has received:

• Best Spreads Award at CIOT Expo 2012

• Best Forex Broker Asia Award at CIOT Expo 2013

• Financial Institution of the Year Award from Asia-Pacific Financial Investment Association (2014)

• Most Reliable Forex Broker Award at AtoZForex.com 2017 Forex Awards

• Best MT4 Provider Award at UK Forex Awards

Is AxiTrader Reliable?

AxiTrader UK is a brand belonging to AxiCorp Limited, a company regulated by the UK Financial Conduct Authority (FCA). It is a wholly owned subsidiary of an Australian financial firm called AxiCorp Financial Services Pty Ltd. Since the broker complies with financial regulations and offers excellent customer support, clients from all over the world trust it.

AxiTrader Facts and Figures 2023

Instruments	130+ Currencies, Commodities, Indices, Cryptocurrencies, Metals.
Licenses and Regulation	(FCA) UK, (ASIC) Australia, (FMA) New Zealand, (DFSA) Dubai.
Demo Account	Yes
Islamic Accounts	Yes
Trading Platforms	MetaTrader 4, MT4 WebTrader.
Minimum Deposit	$5
Accounts	Over 42,000 customers in 100 countries.
Customer Support	Phone, Email, Live Chat, WhatsApp, FAQ.
Funding & Withdrawal	Bank Transfer, Visa, MasterCard, Mestro, Skrill, Neteller, BTC, ETH, LTC, XRP, XLM, USDT.

Open an Account and Start Trading

You have the option of opening a demo account at AxiTrader. It is 100% free, but remains valid only for 30 days. In these 30 days, clients can learn how to use the trading platforms without risking their own money. A demo account at AxiTrader is a replica of the actual trading environment and traders can gain access to the same trade execution speed and real-time spreads.

When you open a demo account, you get $50,000 in virtual funds in your account. Your demo account comes with 24/5 customer support and dedicated account managers.

To open a demo account, you have to enter your name, email address, phone number, and country of residence. You also have to express your willingness to receive promotions and news from the Forex broker and agree with its privacy policy.

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 [email protected]. The broker will then update your demo account to permanent status. Traders can also request permanent status for their demo accounts through live chat.

To top up their demo accounts, customers have to contact customer support through live chat, phone, or email.

When you are ready to start trading for real, you can open a live trading account at AxiTrader. This involves three simple steps:

• Fill in the online application form.

• Confirm your ID.

• Load money into your newly created trading account.

Before you open a live account, read the online broker’s client agreement document, execution policy, and CFDs & forex product schedule.

Types of Accounts

AxiTrader offers three major types of accounts, the details of which are as follows:

Standard Account

You can open a standard account and enjoy the following benefits:

• No minimum deposit

• No commission

• Trade 80 currency pairs

• Free to set up and download

MT4 Pro Account

An MT4 Pro account has the following benefits to offer:

• Instant execution of trades

• No minimum deposit

• Commissions as low as $3.50 per side

• Raw spreads that start from 0.0

• No requotes

Spread Betting Account

You can open a spread betting account to place spread bets and enjoy tax free profits. Apply leverage to maximize your profits, but understand that you also increase your risk for loss.

Trading Platforms

Clients can choose from the following trading platforms at AxiTrader:

MetaTrader 4

Clients can trade on the MT4 platform seamlessly as it is compatible with PC, Mac, Web, and Mobile. If you get stuck at any time, you can find the help you need by accessing helpful resources like “Guide to MT4 NexGen” and “Learn to Use MT4”.

The MetaTrader4 platform at AxiTrader comes with trading on 61 pairs of currencies and automated trading. Traders can set it up and download it absolutely free of charge. MT4 is available for PC, Mac, and mobile devices. 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.

MetaTrader 4 is a high performance platform with the following features:

• Fiber optics and co-located servers for accurate and fast trading

• Single click trading

• Flexible trading tools

• Enhanced connectivity

• Automated trading

• Complete market coverage

MT4 NexGen

This platform comes with features such as advanced management tools, sentiment trading, and enhanced ordering. It is a lightweight platform rich in features such as sentiment indicator, alarm manager, correlation trader, automated trade journal, economic calendar, new terminal window, mini manager, session map, and forex news.

MT4 NexGen is available free of charge for all traders who create a live trading account at AxiTrader and deposit at least $1000.

MT4 Trading Signals

You can use these signals to copy trading strategies from successful traders directly to your MT4 platform. You can use this feature to gain access to thousands of ready-to-use strategies, execute trades in a simple way, and trade automatically.

They can also share their strategies will millions of other traders who use MT4. Since AxiTrader believes that traders should implement their own trading styles and strategies, it allows them to use third-party trading signal technologies on its MT4 platform.

Multi Account Manager (MAM)

AxiTrader offers an integrated tool called MAM that enables single traders to execute trades on all accounts under one master account. It enables traders to place multiple orders at high speeds on multiple accounts.

AxiTrade Products

Here is a list of financial products at AxiTrade:

1. Spread Betting – This is a type of financial betting, which requires investors to choose an instrument such as CFDs, indices, and forex and speculate on the price movement. If you live in the UK, you don’t have to pay any tax on your spread betting profits.

2. Currency Pairs – You can trade 80 currency pairs at AxiTrader, and this includes major currencies such as JPY, USD, GBP, and EUR. The broker offers tight and updated spreads so that its clients can enjoy a rewarding trading experience.

3. Commodities – When you trade commodities at AxiTrader, you don’t physically own any commodity. You only trade on price movements of commodities. You can trade commodities such as silver, oil, and gold at the Forex broker.

4. CFDs – Trade CFDs and take advantage of fluctuations in the underlying security or financial instruments. You can also take advantage of leverage and spread your capital across a wide range of instruments.

Trading Tools

AxiTrader offers a tool box with six useful trading tools, which traders can use to make important trading decisions and maximize their profits.

• MT4 Forex VPS Hosting – Subscribe to this forex VIP hosting to trade without interruptions from connectivity or technological issues. Virtual hosting services make use of external servers to make sure that clients’ trading platform runs 24 hours per day. Virtual hosting is essential for traders who use expert advisors (EAs) or automated trading strategies.

AxiTrader’s VPS partner is ForexVPS, which has its servers in New York. Traders who subscribe to this service will get back up to $34.99 of the monthly fee for the ForexVPS hosting if they trade over 20 lots per calendar month.

• Autochartist – This tool is available free of charge to all AxiTrader clients. It scans markets continuously, identifies opportunities, and informs traders of the same.

• Forex Economic Calendar – Traders can use this tool to view upcoming events.

• Signal Providers – AxiTrader allows clients to connect their trading accounts to a number of trading tools such as TradeWorks and UnitedForexTraders.

• PsyQuation – This is a premium, high performing, and advanced data analytics platform, which features powerful indicators, comprehensive forecasting, trade signals that are frequently updated, and institutional level quantitative models. It comes with premium trading tools such as the Order Flow Sentiment Indicator (OFSi), which enables traders to view the order flows of over 22,000 live accounts.

Get Educated for Free

Education at AxiTrader has three sections—online training, basics, and trading resources.

• Online Training – The broker offers online training in the form of free webinars, free eBooks, online education, and video tutorials.

• The Basics – This section is meant for newcomers to the online trading industry. Those who wish to learn how to trade can get the forex basics and the CFD & indices basics in this section.

• Trading Resources – This is a set of tools for new as well as seasoned traders. They include futures CFD rollover dates, market holidays, dividend forecast schedule, and FX economic calendar.

24/7 Support

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. So customer support is available in six languages.

Since the FX broker has offices in London, Chisinau, Dubai, and Sydney, it is capable of offering support whenever traders require it, and this includes MT4 support. The best thing about customer support at AxiTrader is that each of its clients gets a dedicated account manager automatically. So clients can always rest assured of personalized support.

Here is a list of ways to contact customer support at AxiTrader:

• Use the telephone numbers 0800 612 7070 (UK toll free), +44 203 544 9646 (UK), and +61 2 9965 5830 (international).

• Send an email to [email protected].

• Call the broker free from the UK (0800 612 7070), Spain (80 060 01 30), Australia (1300 888 936), Singapore (800 120 6765), China (400 057 9816), New Zealand (0800 480 404), Germany (0800 7244085), Malaysia (1800 81 6529), and Hong Kong (800 903 578).

• Request the broker to call you back by filling in a simple form.

• Send a complaint to the complaints officer at Client Services, AxiCorp Limited, 36 – 38 Leadenhall Street, London EC3A 1AT, United Kingdom or email your complaint to [email protected].

• Launch the live chat window

• Write to AxiCorp Limited, 36 – 38 Leadenhall Street, London, EC3A 1AT, United Kingdom or to AxiCorp Financial Services Pty. Ltd., PO Box 1079, North Sydney, NSW 2059, Australia.

Deposits and Withdrawals

You can use the following methods to fund your AxiTrader.com account:

• Credit/debit cards such as JCB, Maestro, MasterCard, and Visa – instant funding

• Skrill – instant to 15 minutes

• Neteller – instant to 15 minutes

• BPay (Australians only) – same or following day

• Global Collect (Australians only) – 3 to 5 working days

• Broker to Broker Transfer – 3 to 5 working days

• Bank Transfer – local bank transfers are instant; international bank transfers take up to five working days

• China Union Pay (Chinese only) – 1 to 3 working days

You can withdraw your profits using the following methods:

• Neteller – You will get your profits on the same day or the following day.

• Skrill – Skill returns payments to your bank account.

• Global Collect – 3 – 5 days

• BPay – Same or following day

• China Union Pay – 1 – 3 working days

• Bank Transfer – local bank transfers take one day; international bank transfers take up to five days.

You cannot deposit and withdraw using credit/debit cards, bank account, or electronic wallet account that is not in your name.

FAQ

Which trading platforms are supported by AxiTrader?

MetaTrader 4, MT4 WebTrader.

What is the minimum deposit required to open an account with AxiTrader?

5 USD.

Our Final Thoughts

AxiTrader has its pros and cons, but it is a reliable and trustworthy broker, especially if you are interested in spread betting. We encourage you to get started at AxiTrader on a demo account and then move on to live trading.

AxiTrader Alternatives

	Minimum Deposit	Deposit Bonus	No Deposit Bonus	Islamic Accounts
Binary.com	$10	20-100%	$20	Yes
Olymp Trade	$10	50-100%	No	Yes