We made a request through the AxiTrader livechat via their app and web site and recieved a response within 20 seconds. Understand the capabilities of the mobile apps of AxiTrader, Startrader & freetrade below. In the following table we take the main parts of any good broker and compare AxiTrader against Startrader, and freetrade. AxiTrader, as a business, has a strong set of rules for ensuring honest trading onto its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL). Over the past 18 years, AxiTrader has become one of the best online brokers available to the public.
You will discover the clean design of the platform along with the commendable features are pleasant to work with. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA). AxiTrader is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams. However, due to regulations AxiTrader doesn’t accept clients resident in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America. You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron.
Is Axitrader A Good Broker?
AxiTrader employs a state-of-the-art execution model that ensures quick filling of orders without slippage. This feature is of particular significance for scalpers who rely on quick “in and out” trading strategies. AxiTrader offers a versatile platform range, featuring the globally recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are well-regarded for their extensive functionalities, ease of use, and compatibility with various devices. Founded in 2007 with one big idea, to be the broker everyone would want to trade with. Once the broker put themselves in the traders’ shoes and starts thinking like one, it’s clear that that is a good broker to have on your side while investing.
AxiTrader: An In-Depth Review of a Popular Broker
You simply have to complete a single-user profile questionnaire to start depositing money into your trading account. You will have to provide an identity proof and proof of residency to deposit substantial amounts. The MetaTrader 4 (MT4) 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 (MT4) platform unless they are CFD contracts or Spread bets.
Account Types
Knowing that I can rely on Axi for seamless execution and real-time data gives me confidence in my trading decisions. Overall, our experience with AxiTrader was smooth from opening our account, to the deposit, trading and withdrawal processes. We reached out via the live chat function and the second agency gave us the correct reason why our Neteller withdrawals were cancelled. They recommended we do a bank transfer, which we did and were successful.
Also, it was shown throughout this Axi trader review, that the funding methods are quite various where you get to choose the most suitable channel for you. With low latency execution and deep liquidity, AxiTrader makes it easy to join the world’s biggest trading market axitrade in all possible ways. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. Axitrader is regulated and well established, having been in business for over 18 years. You can trade a wide variety of instruments with Axitrader over 170 instruments in fact.
- If you decide to close your Axitrader account, it’s important to do so with the Axitrader broker customer support and obtain confirmation that no remaining Axitrader fees are due.
- Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
- The Compensation Fund does not cover Australian and New Zealand residents, but they have the added protection of negative balance protection.
- So take the time to research Axitrader thoroughly and make the most of your online investing experience.
- Axi does not charge other non-trading fees such as account inactivity fees or deposit and withdrawal fees.
- Axi provides research tools via the MetaTrader 4 platform’s in-built features.
Does AxiTrader offer demo accounts?
To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Axitrader terms and conditions. It’s important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them. AxiTrader stands out as a reliable and well-regulated broker with a robust trading platform and comprehensive tools. While it does face some criticisms related to withdrawals and platform stability, its strengths in regulation, customer support, and education make it a favourable choice for many traders.
- AxiTrader is a trading partner that has paved its way successfully into the broker world.
- The effect of leverage on profits and losses magnifies them in both directions.
- These indicators can provide valuable insights into market movements, allowing Axitrader traders to potentially stay one step ahead.
- The company slowly evolved into one of the largest financial companies in Australia, which led to widespread market dominance in Australia as well as in financial markets around the world.
- They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA).
Detailed information on the Axitrader trading platforms is available on their website. The Axitrader MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Axitrader traders detailed market tools. MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features.
Trade Cryptocurrency CFDs 24/7
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Axitrader leverage magnifies both profits and losses in trading. The Autochartist interface is user-friendly and can be customized to suit individual trading preferences.
AxiTrader account can be funded by several options including Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY. Also, there are selected companies with whom company allows broker-to-broker transfers, so you can either transfer your account from another brokerage to AxiTrader. ASIC-regulated Forex brokers must hold a minimum net capital of AUD 1,000,000 to protect investors from bankruptcy or unexpected events. Stocks, currency and other commodities and instruments will be brought or sold by Axitrader even if no buyer or seller is lined up. Throughout our comprehensive Axitrader review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality.
AxiTrader, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater advantages will become available. AxiTrader has over 100 trading instruments to support all kinds of traders.