With STP execution on the Axitrader platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing. It’s essential to remember that the payment methods provided by Axitrader vary based on the Axitrader entity and the Axitrader client’s country of residence. To view the Axitrader payment options available, you can log into your Axitrader member’s area. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD.
AxiTrader Profile
Its FMA and FCA licensing means that it is MiFID compliant and as such, it can offer financial services in the whole of the EEA. A global currency exchange and Forex brokerage, AxiTrader is certainly one of the veterans of the online trading scene. The operation was launched back in 2007, with the goal of providing a service that its creators would want/like to use. This allows you to follow the trading strategies of a group of professional traders. You can also make use of algorithmic strategies that have been developed by these same professionals.
Chinese clients can use UnionPay and Australians can transfer funds through BPAY and Global Collect. Local authorities there have expressly forbidden online trading, unless otherwise specified. What is certain is that AxiTrader has become one of Australia’s most popular and trusted online trading destinations.
Numerous brokers compete with AxiTrader in the online trading sector, including IG Group, OANDA, Pepperstone, and CMC Markets. Commissions are not charged with the Standard account, but you can expect a higher spread that starts at 0.4pips. It is more suitable for novice traders, especially in addition to the Copy Trading platform.
- Furthermore, the potential for high inactivity fees could be a drawback if you’re not consistently trading.
- The operation was launched back in 2007, with the goal of providing a service that its creators would want/like to use.
- A Axitrader demo account provides a risk-free environment for experimenting with the Axitrader platform’s features and trading strategies before risking your actual funds.
- Instead, their orders are derived directly from liquidity providers, preventing it from trading against its clients.
AxiTrader Trading Platforms
AxiTrader was launched by traders who had a simple business model in mind for potential traders. And that is to offer great 24-hour service and to provide tight spreads and fast execution. Both account types come with a 30-day Demo account option, and they both provide access to a free VPS service, to qualifying traders only. They seem to offer a beginner friendly trading package with personalised customer service all with the security of a well-regulated international brand. Moreover, they have a host of other features which will satisfy the professional traders among you. In terms of the trading platforms and technology at AxiTrader, they make use of the MT4 software.
Axitrader provides tight spreads starting from 0.0 pips on certain accounts, with no hidden fees. This transparency allows you to optimize your trading profits, making it an attractive option for traders looking to minimize costs. We tested all our trades via the MetaTrader 4 mobile app on our iPhone. With Negative balance protection, traders cannot lose more money than they have deposited.
- We understand that informed decisions with Axitrader are the key to successful trading, so we’ve provided this detailed Axitrader review.
- Axitrader also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.
- You must also ensure the Axitrader broker’s profile, trading tools, fees and regulation aligns with your needs and goals.
Pros:
This is an MT4 plugin that is relatively easy to install and comes in 11 different languages. It is also managed from a single user interface which you can customize to suit your trading environment. While it is great that you have so many options for trading with the MT4, we would suggest that you err towards the computer client. This is because it is easier to complete your charting on this and there is also much less latency than there is on a web version. The MT4 platform is available to either be traded through your web browser or on the computer client. The latter is available for download on the AxiTrader platform and is available for both Windows and Mac machines.
Being regulated by numerous reputable authorities axitrader review is excellent, and it’s crucial to be open and honest about fees, account types, withdrawals and deposits, and other matters. AxiTrader is a Forex broker that is owned and operated by a group of experienced Forex traders, who understand the discerning requirements of modern traders and investors in the FX markets. AxiTrader has its presence in both Australia and the UK and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the Financial Conduct Authority (FCA) of the UK. A major pro was that Axi has low spreads across all the instruments we traded with Bitcoin spreads being very low. You can run most types of trading strategies as the broker allows high-risk strategies such as hedging and scalping. We recommend that you open your account with the UK entity since it is the only one that offers deposit protection to traders if it is available to you.
Forex Broker Reviews
Be mindful of these charges, impacting your overall Axitrader trading profitability. As a reminder, your trading experience with Axitrader can be significantly shaped by its competitive spreads, flexible trading conditions, diverse account types, and user-friendly platform. By understanding these elements, you can make well-informed decisions that align with your trading strategies and preferences.
The combination of these tools helps traders make informed decisions and optimise their strategies. AxiTrader has carved out a prominent place in the world of online trading. Renowned for its robust trading platform and competitive offerings, this broker attracts both novice and seasoned traders alike. In this article, we’ll delve into the various aspects of AxiTrader, providing a balanced view by examining its strengths and weaknesses based on factual information and user reviews. The FCA and the ASIC stipulate several regulatory requirements for ensuring a safe and secure marketplace.
AxiTrader has a dedicated education section on their website, helping traders of all levels to better understand CFD and FX trading. Within their Education section you can find; trading guides, FX training courses, FX eBooks, trading signals guides, technical analysis and more. AxiTrader was created and launched by traders which means that the company has been built with traders in mind. The Management team at Axi have assembled their brokerage nicely, with all the essentials at a customer’s fingertips. The Trading Sentiment Indicator lets users take a quick peek into how other traders trade certain assets.
This ensures that trade execution time is fast and your trades are filled at competitive pricing. Their spreads go as low as 0.0 pips, although there are also commissions attached so be aware of that. That said they are still one of the most competitive brokers when it comes to spreads. The Standard Account features different trading conditions than the Pro one. It is therefore clear that the regulatory standing of the brokerage is quite superb.
This is a high-risk investment and you should not expect to be protected if something goes wrong. It’s important for Axitrader traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that Axitrader losses are limited to the funds available in your Axitrader account when negative balance protection is in place. Brokerage firms like Axitrader may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Axitrader trading account level held by the trader. When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee.
Axitrader MetaTrader 4 Advanced Trading Tools
We also discovered that the broker charges extremely low spreads on Bitcoin trades as compared to its peers. Stocks, currency and other commodities and instruments will be brought or sold by Axitrader even if no buyer or seller is lined up. Axitrader is overseen by the top tier financial regulators ASIC (Australian Securities & Investments Commission) (318232), FCA (Financial Conduct Authority) (509746) so can be considered a good broker. After extensive research over several years, we have compiled a list of the most effective Axitrader alternatives available today. If you are unsatisfied with Axitrader or want to explore other options, we recommend checking out our carefully curated list of highly-rated Axitrader alternatives. Follow the links below to learn more about these Axitrader broker alternatives and choose the one that best suits your trading needs.