axitrader review

The trading platforms and additional tools are also available for all account types with the same offerings. With clients all over the globe, the online broker AxiTrader offers high-quality, multi-lingual 24/5 customer support through live chat, a toll-free phone hotline and email. Our review found, that their award-winning service was named ‘#1 for Customer Service’ in the December 2013 Investment Trends Australia FX Report.

Deposits and Withdrawal Methods

If you think that a VPS would be useful to your trading activities, Key to Markets also give you free VPS access if you trade enough volume. The FIX API is great for those who need an institutional trading environment. This probably won’t be required by the average day trader but if you are using a strategy that needs the lowest spreads and quickest execution possible, this could be a solution. However, it is quite complex and therefore catered more towards professional traders. If you do need a FIX API, I would compare this solution to what you can get with Valutrades.

Very good CS experiences that happen…br

The broker offers several educational videos which the registered traders can watch free of charge and get enlightened. In addition to the above, the broker also posts daily market updates. I’ve been using Axi for over a year now, and it has been a phenomenal experience.

Start Trading Now with Axitrader

axitrader review

So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country. MetaTrader 4 is the most widely used trading platform developed by MetaQuotes Software in 2005. It has a simple interface, fast processing, and good compatibility with all types of electronic devices. However, those who wish to trade with high leverage with no protection can choose SVGFSA but this is very risky.

Multi Account Manager (MAM)

Axi Blog includes market research, education, and corporate updates. This area is constantly updated and provides technical and fundamental chart analysis that may be used to generate prospective trading ideas. Use the economic calendar to keep track of any important future events that may have an influence on the market in which you are trading.

Trading Platforms of AxiTrader Broker

We tested the entire process when opening our account, and it was fully digital. The broker is regulated by the top-tier UK FCA and the ASIC, which have stringent rules and enforcement mechanisms. Additionally, AxiTrader maintains offices in several countries including SVG, the UK, Australia, and South Africa.

We placed 3 trades for each instrument to get a complete picture of the average spread. We tested the Standard Account with AxiCorp Limited which charges a spread on all tradable instruments. The FCA also guarantees traders registered under the UK entity deposit compensation of up to £85,000 in case the broker goes bankrupt.

axitrader review

For this reason, VPS is also particularly suitable for traders who make use of automated strategies. MetaTrader 4 NextGen is primarily intended for more advanced traders and offers them a number of additional useful functions. This includes, for example, the Mini Terminal, which can be used to control trading more efficiently and thus save valuable time.

AxiTrader Leverage as a regulated broker in various jurisdictions complies to provide different trading conditions according to regulatory obligations set. AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority (UK) and by the Australian Securities & Investments Commission. Since over-the-counter derivatives carry significant risks traders should be assured they’re dealing with a transparent provider, which can be provided only by the regulated broker. Axitrader is not a scam but voted timelessly for its trustworthiness, with low-risk Forex trading. The broker is licensed by top-tier regulators ensuring clients’ safety and compensation in case of insolvency.

There is likely to be a high risk of losing money when trading with the AxiCorp Financial Services Pty LTD because the license stands suspended. Till the time it gets reinstated, traders may find the trading platform a bit dicey. An oversight in the administration of this company has resulted in the suspension of its license.

  1. Their customer service is outstanding, always ready to help with any issues or questions.
  2. Overall, I found the cost to be the same whether you paid the commission separately or have it included within the spread.
  3. This makes trading more profitable, especially for high-frequency traders like myself.
  4. Outsourced training is further complemented by in-house educational content, which contains high-quality articles.
  5. Over the years, AxiTrader has become a sought-after name in the forex trading market.

As a broker, AxiTrader is a company that is supposedly regulated and authorized in St. Vincent and the Grenadines region’s Financial Services Authority. With Axi’s MT4 video lessons for beginners, you can learn how to utilise the world’s most popular trading platform. The platform’s stability and consistent performance create a trustworthy trading environment. Knowing that I can rely on Axi for seamless execution and real-time data gives me confidence in my trading decisions. We reached out via the live chat function and the second agency gave us the correct reason why our Neteller withdrawals were cancelled.

Most trading strategies and types, such as scalping, hedging and Expert Advisors (EAs) are allowed. Our AxiTrader review highlights that the company AxiCorp, as a global market leader, takes security very seriously. They are authorised, licensed and regulated by the Australian Securities and Investment Commission (ASIC) as well as the Financial Conduct Authority (FCA) of the United Kingdom. Axicorp Financial Services Pty Ltd holds an Australian Financial Services License (AFSL). With offices in four regions around the world (including London, United Kingdom) and clients in over 150 countries, AxiTrader is an Australian broker firm with a global reach.

Also, the broker provides a free trading course for beginner traders. We tested all our trades via the MetaTrader 4 mobile app on our iPhone. Axi does not offer any other trading platforms, which is a drawback.