AxiTrader Review 2022: Is It Legit or Scam? All You Need to Know

The best way to know if the fees charged by a broker are low, average or high, is to find the brokers on the same level and then compare their fees in a standardized setting. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. AxiTrader axitrader review has a support team that is available 24 hours a day thanks to the locations in Chisinau, Dubai, London, and Sydney. The support team is multi-lingual to provide support for all clients, regardless of their preferred language. Global support is available in six languages with company staff in 12 countries.

This swap or rollover will account for the price difference in the contract month. AxiTrader is a STP broker which provides 2 types of account, Standard account and PRO account. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Never trade with money you cannot grant to lose, especially not with leveraged instruments like binary options, futures or Forex. Our website is not a way to solicit your participation in the forex trade. We offer signals indicating the trades that have higher chances of success.

Key Highlights of Each Account

AxiTrader was founded in Sydney in 2007 originally as an Australian broker under AxiCorp financial services which has offices at Level 10, 90 Arthur St. In order to open an Islamic account with Axi, you need to get in touch with their customer support and request an account opening. The broker will request some proof and they’d have the right to accept or deny your request. ASIC regulated Forex brokers must hold a minimum net capital AUD 1,000,000 to protect investors from bankruptcy or unexpected events. In this AxiTrader review we are going to look at all the pros and cons of trading with this forex and CFD broker. The reports and statistics are also all assigned a relevance level to allow customers to better assess the impact on the financial markets.

  • It also lets you easily and quickly apply more complex order types.
  • Lastly, if you think that your trading is impressive then you can always export your trading data and use it to secure external funding from investors.
  • For the negative points, instruments range is limited to Forex and CFDs and there is no propose for beginners education with courses.
  • These include ready-made trading strategies, and there are thousands of them.
  • AxiTrader has an extremely aggressive and full-featured trading website that’s focused on forex, indices, metals, sharesand commodities.
  • That PsyQuation platform already has a reputation for offering among the most advanced platforms in the world for retail traders.

SSL encryption simplifies each user’s personal information also. The trader resource section at AxiTrader is very enlightening for new traders since it allows them to have a closer look at the financial markets. AxiTrader caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to trading.

This calendar is clearly designed and shows all the important messages that traders need when trading. Depending on a customer’s individual trading requirements, they can choose between two different account types at AxiTrader. AxiTrader has several VPS partners, each with their own unique offer for AxiTrader clients. In the case of several of these partners, AxiTrader will credit a set amount of a monthly fee for traders.

Compare Brokers Similar To AxiTrader

Using a virtual private server lets clients stay online 24/7, so their trades are never accidentally interrupted by connectivity or technological issues. This is a particularly useful tool for those who utilize automated trading strategies. In that case, the strategy can be used whenever the markets are open, even when the trader sleeps. AxiTrader is a licensed, well-regulated, and fully authorized Australian online trading platform that allows you to get started with a demo account.

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. Watch your live orders and enter trades or pending orders on the go. As is the case with most brokers, AxiTrader does offer a demo account. The broker’s demo account is free and does not have any commitments.

Users need to open an account with AxiTrader which offers fast execution. The MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 platform unless they are CFD contracts or Spread bets.

The indices can also be traded short and long and the leverage can be used flexibly to control the risk. In addition, AxiTrader promises very low spreads, which means that investors can benefit from minimal price fluctuations. In general, you can trade more than 10 top indices, including the DAX, Dow Jones and S&P with this online broker. It offers access to forex and CFDs via the MT4 platform and a range of additional tools.

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AxiTrader also offers an extensive Education section on its website with the information beginners need. You will find sections dedicated to the basics of each Forex and CFDs. There is also a page within the Market News section dedicated to technical analysis.

This helps users get exclusive educational articles on the market. The AxiTrader website also runs video tutorials and offers eBooks to increase the understanding of trading among users. The MT4 WebTrader is best used to get a quick visual overview of the markets, study the charts, and monitor the existing trades. A full module of this web app provides dozens of indicators, which work as drawing tools for completing the order management functionality. Despite the MetaTrader 4 platform’s limitations, AxiTrader runs excellently for its traders by offering them the most cutting-edge trading tool – PsyQuation Premium. For those traders who prefer to watch videos for guidance, AxiTrader has included a host of video tutorials on demand.

Forex trading

Trading on AxiTrader PRO account, you will receive a reduced spread and a commission charge will occur based on the base currency of your trading account and the size of your trade. AxiTrader doesn’t have minimum deposit requirement for all available types of accounts. While we strongly recommend AxiTrader as one of the best online trading platforms in the industry, we also advise you to do your own research. Find out if AxiTrader is capable of catering to your personal trading requirements.

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The main difference between the standard and the pro version is the different spreads and commission fees. At AxiTrader, customers can deposit into their account in numerous different major currencies. The verification for customers is also part of the necessary security regulations that AxiTrader requires of its users.

What broker does not accept a wire transfer?

You are in full control as you are able to deactivate the trades that are placed in your account at any time. For greater control, you can set up your own risk tolerances with contingencies for stop losses. You can also diversify your trading signal strategy by following several traders.

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.

Мобильное приложение

The FCA also guarantees traders registered under the UK entity deposit compensation of up to £85,000 in case the broker goes bankrupt. Even if you do not know how to use any of these platforms, AxiTrader provides detailed guides for all traders. In addition, the material is given in a comprehensive way without professional terminology.

AxiTrader gives clients access to MetaTrader 4, which is perfect for trading indices, commodities, and forex. All investments involve risks including possible loss of principal. Forex, binary options and cryptocurrencies are highly speculative assets. As the holder of a demo account, you gain access to real-time spreads and speeds of trade order execution. The only difference is that you will be trading with virtual money, not real funds.

The MT4 Multi-Account Manager lets AxiTrader clients manage as many accounts as they want from a single trade terminal. This MAM integrated software tool allows you to use a master account and execute block trades on all accounts. That ability results in the option of placing larger orders in bulk to unlimited accounts and with speed. Alternatively, holders of live accounts with AxiTrader can use PsyQuation Premium. Account holders receive free access to this platform throughout the lifetime of their trading accounts. Trading on the mobile versions of MetaTrader for AxiTrader is filled with features but feels light.

Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity as well, though it takes approximately 4-7 days. The reason that AxiTrader asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies.

It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC checks but AxiTrader are normally pretty quick with this. In the event you are withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you are opting to draw in. This AxiTrader review breaks down each of the relevant non-trading fees for you in detail.

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