It has two trading account types, where it supports the trading of Forex, company shares, commodities, and various other financial assets. In February 2009 AxisForex launched its online margin forex trading business in Australia under the name AxisODL, a joint venture between AxisForex and ODL, a UK-based broker. In 2010 ODL was purchased by FXCM and the AxisODL joint venture was dissolved. Following the split, AxisForex changed its name to AxiCorp and the name of its online margin forex business to AxiTrader. Commission fee does not apply to the Standard account types, so you can trade without commission. The commission will be charged only when you trade with the Pro account type.
It is combined with the consistently competitive rates that AxiTrader offers. AxiTrader’s has no minimum deposit requirements, you are free to deposit any amount. As a client, you may also enjoy the possibility to have account base currency in GBP, USD, EUR, CHF or PLN and deposit funds in those major currencies as well. AxiTrader mainstays at the technical solution through a platform – MetaTrader 4, presented in a Web, Android, iPhone and iPad versions. Good to note, that not all MT4 platforms created equal, as the broker may invest into a co-located server and fiber optics, in order to process more accurate trading or not. The platform was modified to make it even easier to use and navigate.
That there have been no reports of the broker cheating their users or taking their funds suggests the broker is highly reliable and can be trusted to operate on the highest level in Australia. AxiTrader regulation extends to the Middle East , New Zealand and the UK where it operates under the FCA within the strict space they operate for FX brokers. Having forex analytics multiple licenses is part of the reason AxiTrader has been viewed by traders as being a highly trusted broker. 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.
What this means is that traders can, on many occasions, buy and sell assets within the exact same prices, which is definitely a lucrative proposition to any trader in Forex, stocks, or any other market. Going back to 2012, AxiTrader was the winner of the best spreads at the CiOT Expo.
The main difference between the standard and the pro version is the different spreads and commission fees. In this version, traders have access to a variety of ready-to-use trading strategies that they can apply and try out. If you follow several traders, you can thus expand your own strategies and spread the capital you have invested. Here you can also develop your own strategies and make them accessible to other traders. They recommend it for its rewarding trading environment, smooth browsing experience, and user friendly dispute resolution process. Further, the account includes no commission fees, deposit fees, trading fees, which makes this account very lucrative for beginners. The application is extremely user-friendly, and numerous world-class trading tools and graphs are available, which makes it ideal for all forex and CFD traders.
The average spread for the GBP/USD currency pair is 1.73 for the standard account and 0.85 for the pro account. The AUD/USD pair uses an average spread of 1.32 for the standard account and 0.42 for the pro account. If you open a standard account with Axitrader, there is no commission for trading. That being said, the spreads available to standard account holders only start at 1.0 pips. In comparison, the pro account charges a roundtrip fee of $ 7 USD, but spreads start from 0.0 pips. Depending on a customer’s individual trading requirements, they can choose between two different account types at AxiTrader.
- Deposits into the account can be made in the currencies AUD, EUR, GBP, NZD, SGD, USD, CHF, JPY, HKD, CAD. All you have to do is log into the client portal and then make the deposit from there.
- While the spreads for the main currency pairs usually average around 1.0 pips in the standard account, the spreads in the pro account usually fluctuate between 0.0 and 0.3 pips.
- In 2012 as a part of the company global enlargement campaign, London branch AxiCorp Ltd was opened, as a wholly owned subsidiary of its Australian company.
- At times of peak liquidity, it is possible for the spreads to drop to 0.0 pips.
- Axi still caters to a broad range of traders through its FCA regulation in the UK.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Trading on the mobile versions of MetaTrader for AxiTrader is filled with features but feels light. The applications have the features and tools you need, including live pricing with real-time updates. The mobile version of MT4 also supports viewing historical data, including your trade history. It is also compatible with Expert Advisors from third parties, allowing for automated trading.
Leverage And Margin
Besides the education methods that we mentioned, you can use their Trading Academy too. This course is provided by the London Stock Exchange and it’s available for all AxiTrader clients.
It is only open to those operators of managed investment schemes or discretionary accounts that meet those requirements. AxiTrader has invested in its MT4 servers heavily, ensuring that its MAM offerings are reliable and fast.
Axi Review Areas
The AxiTrader’s clients as well enjoying direct access to various liquidity providers from over than 14 world’s largest banks. AxiTrader, which rebranded as Axi in October 2020, is an online financial and brokerage services provider that caters to both retail and professional traders. This broker has a client portal that offers a wide range of global opportunities to traders from Europe, to Australia, to Indonesia, and to Singapore. AxiTrader sees itself as one of the largest and leading forex brokers worldwide – and not without reason. The reviews on the internet are predominately positive, which is due, among other things, to its 24-hour customer service as well as the wide range of currency pairs and CFDs. A special feature of AxiTrader is its customer service, which is available 24 hours a day. If you are already an active customer with the online broker, you will automatically be assigned your own customer advisor as a direct contact person for questions or problems.
You do have the ability to use a demo account, but there is no MetaTrader support from AxiTrader for those using a Mac desktop to trade. These are industry standard trading platforms which experienced traders will be experienced with using. Generally, the spreads offered by AxiTrader forex analytics are competitive or in line with what you will find elsewhere. For example, the average spread for EURUSD on a standard account is 1.24 (0.44 on a pro account). The average spread for GBPUSD is 1.73 (0.85 on a pro account) and for AUDUSD 1.32 (0.42 on a pro account).
Even though the trading company provides a very competitive fund deposit price, the recommended min deposit is $200 for trade purposes. No fees AxiTrader charges for deposits and withdrawals done via bank transfer. A withdrawal request is processed fast with no withdrawal fees and funds are credited to the client’s bank accounts in 1-2 business days. They have a simple to use forex trading platform, tight spreads and an excellent training program.
Please remember that past performance results are not necessarily indicative of future results. Besides the Sydney office, AxiTrader operates in London, Dubai, and Chisinau.
The trader’s list contains professional traders and you will be able to follow traders too. Stop loss and take profit can be set different from the trader that you’re copying trading signals. AxiTrader allows you to copy trading signals by integrating tools into your MetaTrader 4 platform. You can copy trading strategies by thousands of traders and place trades automatically. The VPS besides 24/7 operating time, it uses a quick speed to execute your orders.
Customer Support, Trading Instruments And Special Features
This covers what the trading signals are, why to use them, how to use them, and more. The tool allows you to set up automated alerts for emerging or completed AxiTrader Forex Broker Review chart patterns. There is also a Price Range Forecast tool that lets you set your take profit and stop loss levels from data over the past six months.
As is expected from a broker, AxiTrader has an FAQ section labeled “Forex FAQs.” Despite the name, this FAQ section is not limited to just forex information. It offers information regarding the platform, how to open accounts, and how to use MT4 on various devices. You can also find info on deposits forex analytics and withdrawals, accounts, troubleshooting, demo accounts, and trading specific assets. Spreads for a standard account can be as low as 1.0 pips for EURUSD, GBPUSD, AUDUSD, and NZDUSD. They can be as low as 1.1 pips for USDCHF, 1.2 pips for USDCAD, 6.0 pips for GOLD , and 0.01 pips for Oil .
Please be aware that your bank may charge you a receiving fee for any international payment upon your withdrawal transaction, and this fee will be incurred by you. Axi offers foreign exchange trading and gives clients access to more than 80 currency pairs overall. It also offers cryptocurrencies like Bitcoin, Ethereum, and Litecoin. It provides a wide range of CFDs for precious metals and energies, as well as indices trading.
The leverage depends on the user’s geographical region as well as on the AxiTrader branch that will regulate the user’s registered account. Most economical includes the Indices with a commission margin of just 1% only. Users do not have to share personal details like the history of bank transfers, transactions, account details, or any bank statement, etc.
The trading platform provides many powerful and unique indicators, quantitative models that are at an institutional grade level and trading signals that are updated frequently. It’s a powerful trading tool that can seriously boost any traders’ performance by providing high quality information and highly relevant data. When it comes to spreads we need to consider both of the available trading accounts.
What Is Axitrader?
A minimum withdrawal of 5 USD is required and are processed within 1 – 3 days. Forex Malaysia follows a strict editorial standard in our review process. The broker has also outlined that withdrawals have absolutely no fees attached to them whatsoever. When it comes to waiting for the AxiTrader withdrawals, it depends on the type of method you use. Credit/Debit cards take around 5 business days, while Neteller, Skrill, and PayPal are almost instant. The AxiTrader Withdrawal fees starts from Zero up to $20, The AxiTrader withdrawal fees depends to which country and methods you want to receive funds.