AxiTrader holds both an Australian Financial Services License and a New Zealand Financial Services Licence. They’re regulated by the Australian Securities and Investments Commission (ASIC) within Australia; in the United Kingdom, they’re regulated by the Financial Conduct Authority.
In Australia, all customer’s funds are banked and held on trust, and dealt with in accordance to the Australian Corporations Act 2001, as well as the regulations made thereunder. AxiTrader is required to hold a minimum of $1 million in operating capital, like all other ASIC regulated brokers.
AxiTrader offers flexible leverage options to suit their customer’s appetite for risk. Traders can choose as much or as little risk as they prefer with leverage to a maximum of 400:1.
Customers are required to have an account balance over and above the minimum margin requirements for their open positions. However, they can take a position of much higher value than that balance using the leverage.
They offer low spreads from as little as 0.0 pips with the following currency pairs:
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD.
Commission is charged on transactions executed in the Pro Account; a commission fee of $7 round trip (USD) on trades is charged. While there are no commission fees charged on transactions executed in the Standard Account.
AxiTrader doesn’t have a minimum deposit requirement for trading with them; it’s free to open a demo account for 30 days and if you upgrade to a permanent live account you aren’t required to pay a deposit.
AxiTrader gives you the option to open a demo account, where you get $50,000 of virtual cash, as well as a live account. This gives you the option to start trading in a demo environment, and then move onto live trades once you build your knowledge and skills.
AxiTrader offers two types of live accounts which are as follows:
No set up cost, zero commission and a no minimum deposit make the Standard Account enticing to many traders.
It also includes the following:
The Pro Account is fairly similar to the Standard Account however it includes a commission fee of $7 round trip (USD) on trades, and spreads start from 0.0 pips, rather than 1.0 pips. Otherwise it includes all the other features that the Standard Account does.
Customer service at AxiTrader is important; they offer 24/5 customer and platform support; they also have dedicated Account Managers that provide personalized service to their customers. They’ve won service excellence awards, with the most recent one being from compareforexbrokers.com.au as the 2018 Best MT4 Provider Award recipient.
Customers of AxiTrader can access the leading industry trading platform, MetaTrader4, as well as a variety of other trading and analysis tools to make trading that much easier, as well as to maximize trades.
With 80 currency pairs, automated trading (EAs), free setup and download, and being available for PC, Web, Mac and Mobile, trading has never been easier or more accessible.
Advanced management tools make MT4 NexGen an app that all traders want to get their hands on.
Features include:
MT4 Trading Signals allows users to access thousands of ready-made trading strategies, as well as automatically place trades with simple execution.
MT4 Multi-Account Manager allows single traders to execute block trades on all accounts operating under one main account. Users can place large orders in bulk, with speed, to an unlimited number of accounts.
Analysis is important when it comes to trading, so AxiTrader offers a variety of analysis tools for its customers, including:
Autochartist constantly scans markets and automatically recognizes trade set-ups based on support and resistance levels; traders are notified once an opportunity has been identified.
A Virtual Private Server Hosting service is available for AxiTrader customers; an external server is used to ensure the platform keeps running 24 hours a day, preventing downtime.
There are several analysis and tracking tools available including:
AxiTrader’s Forex Economic Calendar allows you to keep track of major events, news releases and market indicators, so you can stay on top of the market. Using filters, you can quickly and easily search by date, currency pair or likely market impact to navigate news that’s most pertinent to you.
A more advanced and higher performing platform than the standard PsyQuation. It uses sophisticated algorithms to analyse the user’s behaviour and identify where they make trading mistakes; research suggests that following Alert Suggestions significantly improves trading performance. Intraday performance charting provides users with up to date performance impact analysis.
AxiTrader provides a variety of online educational tools to assist their customers in maximising trades and trading more efficiently. These include:
AxiTrader has a strong focus on technology with MT4 providing a range of add-ons for customers. Their market analysis tools offer traders real time data so they can trade quicker and smarter. Coming from a place of being traders themselves has allowed them to tailor their offering according to what trader’s need. They do charge fees and don’t offer guaranteed stop losses, so you need to determine if they are the best trader for you.