AxiTrader Review

General Information

Website URL: https://www.axitrader.com/int

Founded: 2008

Regulation: ASIC, FCA

Languages: English, Spanish, Japanese, Chinese, Russian

Deposit methods: credit cards, bank wire transfer, e-wallet

Minimum deposit: $200

Free demo account: yes

Types of Assets: currency pairs, CFDs, spot metals, commodities, indices

AxiTrader is a highly reputable broker that came to be back in 2008 Australia. Since then, it was able to successfully extend to major markets including the UK in 2012, China in 2015, and even Germany in 2016. Now, it is present in 150 countries in total, which is quite admirable. Most of the reviews of the broker are positive and encouraging, but let’s dive a bit deeper and see what AxiTrader is about.

Regulation

Right on the first click on the website, you will notice that AxiTrader is aiming to be an open book. All the information is quite clear and accurate, one of the most important one being the regulation. Namely, all the AxiCorp group companies are regulated by the Financial Conduct Authority of the United Kingdom, as well as the Australian Securities & Investment Commission.

These two regulatory bodies are considered as the most respected ones in the industry. They don’t take their reputation for granted and tend to it carefully by providing strict measures for all the brands they manage. As a result, you have a highly reliable broker to take your chance with at AxiTrader. And to top that – AxiTrader was also named the “Best Spreads” broker back in 2012, which shouldn’t be taken lightly.

In addition, we should note that AxiTrader also provides high security for all of the clients’ funds. Namely, they are kept in specially designed, segregated accounts, and are completely separated from the company funds.

Trading Platform

AxiTrader is mainly focused on the exciting Forex market, which is quite brave in this era of high competitiveness. As a result, you can trade over 80 currency pairs, both major and minor, as well as some exotic pairs that can’t be found on the majority of other platforms.

As far as the precious metals go, you can find all your basics – gold, silver, and platinum, while on the commodities page you can choose from crude oil, natural gas, but also coffee, cocoa, and even soy. Clearly, the trading platform is rich and provides something for everyone.

Let’s not forget about the highly popular and alluring cryptos! In the true AxiTrader form, the gang is all here – Bitcoin, Ethereum, Ripple, Dash, and even Litecoin! The diversity among the trading instruments is quite obvious here and is certainly able to keep the traders on their toes.

  • Trading Conditions

At AxiTrader you can use the high-tech MT4 platform, which provides support mainly for Forex and CFD brokers. In addition, you can have special access to the MT4 NexGen feature after you deposit a minimum of $1000. Also, here are some other perks you can take advantage of by using this platform:

  • sentiment indicator – check-in with what other traders are doing
  • correlation trader – research new trading opportunities with smaller management costs
  • economic calendar – keep updated with the major events in the worlds of finance
  • session map – check when the markets are open so you can make the most out of each moment
  • automated trade journal – never forget where you came from and how you started by checking your daily progress.

Account Types

The account type packages are quite simple at AxiTrader, with only two options – beginner and pro. This can be quite helpful especially if you are just starting out. You can get to cover the basics, while at the same time have something to look forward to when you get more skillful.

Both of these account types offer you some pretty sweet advantages, such as no minimum deposit for certain types, as well as mobile and automated trading. In addition, you can trade all of the major currency pairs on the MT4 NexGen platform which we mentioned above.

Customer Support

AxiTrader customer support is so advanced and knowledgeable – they actually won awards for their efficiency in the past. That’s right! AxiTrader does not mess around. You can contact their team either through a live chat option on the website or via email and a phone number, whichever option is the most suitable. They typically reply to emails within 24-48 hours, while the phone support is available 24 hours on working days.

Deposit and Withdrawal

The payment options list that you can choose from at the AxiTrader platform is quite short and to the point. There is something for everybody, see for yourself:

  • broker to broker transfers
  • international and local bank wire transfers
  • credit cards
  • Skrill.

The only things that diminish this impeccable image somewhat are the fact that the Australian traders need to pay an additional fee about $15-20 for each international transfer they intend to make.

Conclusion

All in all, AxiTrader is a solid trading platform that earned a lot of praise for its hard work. From the skillful team of brokers and customer support agents to an impeccably designed platform, AxiTrader is definitely here to stay.