AxiTrader group includes 3 related companies.
AxiTrader AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
AxiTrader UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
AxiTrader SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, SVG company accepts European traders, so one can open a trading account there.
AxiTrader group accepts clients from all over the world, excluding USA, Israel, Iran and some countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
|80+ Currency Pairs||Based on major and minor world currencies.|
|6 Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, Ripple.|
|12 Indice Cash CFDs||Based on baskets of different blue-chip stocks.|
|11 Indice Futures||Based on baskets of different blue-chip stocks.|
|18 Metal Spot CFDs||Based on Gold, Silver, Platinum and Palladium.|
|1 Metal Future||Based on Copper.|
|2 Energy Spot CFDs||Based on Crude Oil (WTI, Brent).|
|3 Energy Futures||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|3 Soft Futures||Based on Cocoa, Coffee and Soybean.|
AxiTrader is an online brokerage that was founded in 2007, and is now located in both Sydney, Australia and London, United Kingdom. It is one of the largest Australian brokers operating today, and is regulated by both the UK’s Financial Conduct Authority and the Australian Securities and Investment Commission.
Update: Since the summer 2019, the broker also started to operate in Saint Vincent and the Grenadines (not regulated by any authorities).
The broker offers flexible trading conditions for most traders, but EU-based users will be limited to a trading leverage of just 1:30 due to the influence of EU securities regulations on AxiTrader’s UK-based entity.
Traders can enjoy access to a large number of currency pairs, as well as CFDs based on underlying assets such as exotic commodities like coffee, cocoa, and soybeans, as well as the precious metals gold, silver, platinum, and palladium. In addition, the broker offers access to CFDs based on the popular cryptocurrencies Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, and Ripple, all of which are tradeable during normal forex market trading hours.
Keep in mind that the selection of tradeable assets will vary depending on the country the trader is based in. For example, UK-based traders will also have access to spread betting via the broker’s UK-based entity, but they do not have access to cryptocurrency trading like their Australian counterparts do.
AxiTrader focuses exclusively on the MetaTrader 4 (MT4) as its trading platform. This platform has demonstrated its success over the years as a favorite trading tool among brokers and traders alike. Among other things, MT4 stands out from other platforms with its amazingly large library of trading signals called “Expert Advisors” within the platform.
In terms of account types, AxiTrader offers an MT4 Standard Account and an MT4 Pro Account. Both account types offer the same selection of trading instruments and leverage, but the Pro option is a commission-based account with a $7 round-trip commission on trades, and much tighter spreads starting from just 0.0 pips. The Standard Account, on the other hand, has no commissions, but has spreads starting from 1.0 pips.
There is no minimum deposit amount required to set up a trading account with AxiTrader.
The broker provides access to the thousands of forex trading signals that are available within the MT4 ecosystem, while also allowing traders to develop their own trading strategies to share with others. Successful strategy developers have proved that this is a great alternative way to make money from trading, as it represents an opportunity to make more consistent profits from selling a strategy than what would be possible from just trading the market on their own.
Deposits and withdrawals are generally carried out in a hassle-free way with AxiTrader, and there are a variety of payment methods available to take care of this. Among them is of course bank transfer and major payment cards, but also e-wallet services like Skrill and Neteller. Keep in mind, however, that the available payment methods differ depending on which currency you choose as your trading account’s base currency.
We also appreciate that AxiTrader has managed to keep its customer support open 24 hours a day on trading days, although this is really something we should expect from all forex brokers. In addition to localized phone support in 11 countries, users can reach the broker via live chat on its website or through email.