AxiTrader

4.2 rating

AxiTrader is an Australian-based Forex broker which prides itself on the motto “built by traders, for traders”

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AxiTrader

AxiTrader full review for trading in 2020, is AxiTrader the right broker for you? Let us help you to decide, with our in-depth traders’ guide and review of AxiTrader.

Broker Presentation

AxiTrader is an Australian-based Forex broker which prides itself on the motto “built by traders, for traders”.

AxiTrader initially began as a two-person startup back in 2007, but has since evolved into one of the world’s biggest global brokers, currently covering more than 100 countries across the globe. AxiTrader’s main offerings include Forex trading and CFDs on currency pairs, commodities, indices, precious metals and cryptocurrencies. 

Since 2007, AxiTrader has become one of the largest brokers in Australia. It has also branched out internationally as well, with large scale operations in the UK and Asia Pacific. AxiTrader’s London branch opened its doors in 2012 and its China branch in 2015. In 2016 they then expanded even further to countries in Latin America, the Middle East and Germany and in 2018 added Dubai, New Zealand, Singapore, Cyprus and the Philippines. 

Any reliable AxiTrader Forex broker review would be required to start by mentioning that the broker serves more than 40,000 clients worldwide and generates a monthly trading volume of over $100B, making it one of the largest brokers in the world.

Source: AxiTrader

Capitalising on an excellent track record of customer service, AxiTrader has developed a host of specific features that traders often request. For example, they offer clients the MetaTrader platform with the premium add-on MT4 NexGen, very competitive tight spreads, fast order execution, social-copy trading options and minimum slippage. AxiTrader’s services also include exclusively ECN trade execution.

AxiTrader is a secure regulated broker. They are authorised by FCA, ASIC, DFSA and FMA.

For their continuous efforts and high quality services AxiTrader within the family of the world’s multi-award winning brokers. In 2018 alone they received the following distinctions:  Most Trusted Forex Broker – UK Forex Awards; Best MT4 Provider – UK Forex Awards; and Best MT4 Broker – awarded by compareforexbrokers.com.au

Safety and Regulations

Score: 4 out of 5

One of the top requirements that a reliable Forex broker should always meet is the security of their regulations and the safety of their funds. The world of finance is active territory for scammers and shady companies, and hence working with a well-regulated broker is an absolute must.

AxiTrader is licensed by the following authorities: 

As part of their responsibilities as a regulated entity, on their website AxiTrader has published a series of legal documents which provide all the details related to their services and trading activity. Among these documents you will also find product disclosure statements, product schedules, client agreements, execution policies, spread betting agreements and more.

To ensure the safety of their clients’ funds, AxiTrader uses segregated accounts to top tier banks – meaning the funds belonging to clients are held separately from the company’s accounts. That means that in the case case of financial struggles or if the company faces bankruptcy issues the clients’ funds are not affected. 

European retail clients of AxiTrader also benefit from the coverage of the Financial Services Compensation Scheme for sums of up to £85,000, and from negative balance protection. Essentially this means a trader cannot lose more money than the amount deposited in his trading account for CFDs and Forex spot trading. 

It is worth noting, though, that AxiTrader doesn’t hold a banking license and is not listed on any stock exchange. Consequently, the financial statements of the company are not made public.

Taking into consideration the number of regulators that authorise AxiTrader’s activity, they can be objectively considered a safe and trusted broker.

Source: FC

Offer of Financial Instruments

Score: 2.5 out of 5

It would be remiss of any AxiTrader broker review not to note that they offer a comparatively limited range of products, consisting mainly of Forex spot and CFDs. However, they do offer a significant collection of Forex pairs and overall their range includes over 100 instruments, including Forex currencies and CFDs on precious metals, commodities, indices and cryptocurrencies. AxiTrader does not offer the option to trade stocks and ETFs. 

The most interesting things to note about AxiTrader’s products are the low margins requested to trade and the low fees. AxiTrader also give you the option to modify your leverage as per your convenience. This is a great feature if you need to reduce the risk you are willing to assume on a certain trade for whatever reason. 

The financial products included in AxiTrader’s offer are:

  • Forex –  80 currency pairs, majors, minors and an extensive collection of exotic pairs. 
  • Indices – CFDs on most prominent 11 indices (including China50), with request margins of just 1%.
  • Commodities – over 22 CFDs on energies (oil and gas); precious metals (silver and gold) and soft commodities (coffee, cocoa and soybeans. Some of these products offer margins starting at just 1%
  • Cryptocurrencies – CFDs on 6 cryptocurrencies including Bitcoin, Etherreum and Ripple. Retail clients can trade with a leverage of 1:5 and with a tax exemption (applicable for Australian clients only). Professional clients may profit on a leverage of 1:10

Since AxiTrader’s product offering is not overly large, sophisticated traders and investors might prefer other brokers with a wider offering

Differentiation Elements and Unique Features

Score: 4.9 out of 5

AxiTrader’s Spreads and  Faster Execution

A source of pride for AxiTrader is the low spreads they offer. Thanks to using ECN networks and connecting their clients directly with global liquidity providers (20 prominent multinational banks) without the interference of a dealing desk, AxiTrader is able to sustain a reduced level of spreads which is the envy of most brokers on the market. 

AxiTrader is committed to investing heavily in network technology to drastically reduce latency (the interval of time elapsed from the moment of launching an order on the market until it is executed). Minimised latency results in faster execution of trades, better prices, higher liquidity and fewer outages.

Investing in cutting edge technology helps optimise the route your trade takes from the moment you place it until it is executed. AxiTrader is always striving towards speeding up the capability of the client’s MT4 interface, thus enabling orders to be executed at an impressively fast rate.

AxiTrader’s Leverage

The leverage offered by AxiTrader reaches the maximum levels available on the market; 1:400. This level of leverage is a feature offered by very few brokers and is accessible largely depending on the region of the globe you are trading from. For example, EU clients cannot access a 1:400 leverage as the FCA regulations allow a maximum leverage of 1:30 for retail clients.

Clients outside Europe on the other hand, for example those falling under the regulation of the Australian Securities and Investments Commission, can use 1:400 leverage.

Using such a drastic leverage is most suitable for highly experienced and skilled traders, as it inherently assumes higher risks. High leverage can heavily multiply your profits, but it will also do the same for your losses if the market turns against your position. 

AxiTrader’s Trading Signals

To sustain their clients’ trading activity, AxiTrader offers trading signals via MetaTrader 4 and social trading. In other words, you are able to see and utilise the strategies of the most profitable traders across the globe. AxiTrader offers its clients access to thousands of trading strategies and the ability to automatically copy and place orders as per your chosen strategies. 

It follows that you, as a client, can pick the traders you want to follow and have full control over your trades. For example, while you can copy the strategy exactly of the traders you follow, you can also deactivate automatically placed trades at any time and define your own stop losses as per your risk profile. AxiTrader also allows you to follow strategies from several different traders and assign different allowances of capital to each strategy.

Moreover, if you are an experienced trader you can also employ the MT4 trading signals as a way to share your strategies and allow others to copy them, if that’s something that interests you. 

Source: AxiTrader

PsyQuation

PsyQuation is a premium and sophisticated trading platform made freely accessible to retail traders by AxiTrader. It is essentially an artificial intelligence and machine learning based trading platform, with the purpose being to use advanced software capabilities to analyse your trading performance and style, and provide you with useful insights and real time performance analysis.

PsyQuation utilises powerful in-built indicators, frequently updated trading signals, extensive forecasting features and high level quantitative models in order to serve its lofty purpose.

Based on strong data analytics and complex algorithms, PsyQuation analyzes your trades and your trading style and is capable of identifying your mistakes and subsequently helping you to correct them. It tracks your progress and creates a PQ Score for your performance and compares it with the scores of the leading traders. In many ways PsyQuation could be considered a virtual personal trading coach.

As well as this, PsyQuation has several other features that could be of great interest for a beginner trader. It enables you to receive behavioural and risk alerts via email or phone, whilst also giving access to intraday charts regarding your performance. There is also the chance to potentially receive funding and mentoring through the AxiSelect program.

PsyQuation is a free tool for AxiTrader customers.

Autochartist

Autochartist is a free MetaTrader plugin provided by AxiTrader to all clients. Essentially, Autochartist is an automated tool that scans the markets continuously and performs technical analysis. The output of this analysis is the identification of trading opportunities based on support and resistance levels.

Authochartist is also available on demo accounts, but in a limited capacity with some delays. 

Autochartist is a useful resource that delivers insights and notifications on key levels, chart patterns, forecasts and other advanced trading setups. It also provides volatility analysis to help you manage your risks. 

On Autochartist you can choose the instruments that present interest for you and set alerts for emerging and completed trading patterns. The Price Range Forecast feature is also of great assistance when establishing your stop loss and take profit, as it provides you with data from the last six months. 

Another effective feature of Autochartist is the ability to receive free market reports by email and market overviews of the present situation in the New York, London and Tokyo stock exchanges.

 A tool like Autochartist helps traders to make more consistent and informed trades.

Source: AxiTrader

AxiTrader’s VPS

Virtual Private Server (VPS) hosting is a service that allows traders to use a functional trading platform continuously via an external server without interruptions. VPS Hosting is a great backup for traders who prefer automated strategies and trade with Expert Advisors.

AxiTrader presents their clients with the option to subscribe to a MT4 Forex VPS hosting service supplied by third party companies to ensure the continuity of their connection. 

Some of AxiTrader’s VPS partners are: ForexVPS, MetaTrader VPS, Commercial Network Services and Beeksfx VPS. Each of these brokers have their own offer and AxiTrader offers bonuses to counterbalance the associated monthly fees, based on the monthly traded volume. 

AxiTrader’s Social Trading Offer

AxiTrader proposes several options of social trading: DupliTrade, Tradency,  Myfxbook Autotrade and ZuluTrade.

  • DupliTrade is an auto-execution mirror system displaying advanced features. It permits traders to launch automated orders by following and duplicating successful traders’ strategies.  
  • Tradency is a popular algorithm based platform that provides over 3,000 verified algorithmic strategies. Their Mirror Trade feature gives the possibility to follow and copy the trades of prominent and profitable traders. It’s possible to access real time trading and select what you judge as the best trading opportunities.
  • Myfxbook Autotrade is another social trading application allowing traders to copy and follow other traders’ trading strategies. With this app one can follow and be followed by other traders. 
  • ZuluTrade is another platform that allows mirror trading. ZuluRank displays the hierarchy of the most profitable traders that may be followed from a certain broker. Plus, traders can benefit from personalised account management tools and protection against volatility features. 

International Presence – Covered Countries

Score: 4.2 out of 5

AxiTrader is a global Forex broker covering more than 100 countries and offering services in 12 foreign languages.

Account Types

Score: 4 out of 5

AxiTrader offers two major types of accounts:

  • MT4 Standard Account 
  • MT4 Pro Account

Source: AxiTrader

MT4 Standard Account

AxiTrader’s MT4 Standard Account has the following features:

  • No commissions
  • Spreads start at 0.4 pips
  • No minimum deposit
  • Minimum trade size starts at 0.01 lots
  • 5-digit pricing available
  • Access to more than 140 financial instruments – Forex currencies, CFDs on metals etc.
  • Access to mobile trading and MT4 NexGen
  • Leverage of 1:30 for European clients and 1:400 for the rest of the world
  • Access to VPN, Autochartist, Myfxbook Autotrade, PsyQuation 
  • Currency of the account may be: AUD, EUR, USD, GBP, CAD, CHF, NZD, JPY, HKD, SGD 

MT4 Pro Account

AxiTrader’s MT4 Pro Account has the following features:

  • Spreads start at 0 pips
  • Commissions of $7 round trip
  • No minimum deposit
  • Minimum trade size starts at 0.01 lots
  • 5-digit pricing available
  • Access to more than 140 financial instruments – Forex currencies, CFDs on metals etc.
  • Access to mobile trading and MT4 NexGen
  • Leverage of 1:30 for European clients and 1:400 for the rest of the world
  • Access to VPN, Autochartist, Myfxbook Autotrade, PsyQuation 
  • Currency of the account may be: AUD, EUR, USD, GBP, CAD, CHF, NZD, JPY, HKD, SGD 

Account Opening

AxiTrader’s account opening procedure is simple and easy. All a prospective client is required to do initially is fill in a registration form and provide basic personal information. 

After completing the form you will receive an email asking you to verify your email address, and providing you with your client number. The next steps are to set your password, choose your account type, your account currency and your preferred leverage. 

In the final phase of the account opening process you will need to provide more detailed personal information and verify your identity. You will then have to answer a questionnaire concerning your trading experience and finally, agree with a declaration. 

Being an authorised broker, AxiTrader has to comply with the regulations mandated by the world’s trading authorities, and consequently an identity verification process is necessary. You will need to supply a copy of your ID, passport or driver license and a proof of address – bank statement or utility bill. This verification process may take a few days. When that’s done, all you need is to fund your account and you can start trading! 

Demo Account

As with all respectable Forex brokers, AxiTrader offers a free demo account which comes preloaded with $50,000 in virtual funds. 

Typically the demo account expires in 30 days unless you open a live trading account – you can then request the modification of the demo account parameters for an unlimited period. The currency of the demo account can be EUR, USD, GBP, etc., however once chosen it cannot be changed. If you want to change the demo account currency you will have to open a new one.

As with all brokers, we highly recommended to use an AxiTrader demo account before you open an account to test their services. In principle, the demo account will give you free access to the trading environment that AxiTrader provides. Not to mention, if you are just starting and launching yourself in the trading activity, you should use a demo account to learn and test your trading abilities as you progress and gain more skills.

Do not refrain from using demo accounts to test various brokers to identify the one that best suits your current trading needs. You can also use demo accounts to, for example, test new strategies or expand into new markets. The demo account allows you to learn and gain trust in your abilities free of charge.

Remember, for trading it’s best to use just the funds you can afford to lose and not sums that you need to cover your daily expenses. Trading is a challenging, risky and stressful activity. Reduce the risks and stress by starting with small amounts and increase as you progress.

Spreads, Fees and Commissions

Score: 4.6 out of 5

One of AxiTrader’s major claims is that they provide low spreads and low commissions on a variety of financial instruments. They aim to have very competitive spreads and during liquid periods the spreads offered can reach close to 0. 

The main reasons that AxiTrader are able to deliver highly competitive spreads are:

  • An extended network of liquidity providers composed of top brokers, top tier banks and global financial entities. These multiple sources of liquidity enlarge the access to various pools of liquidity and thus access to better prices.
  • Heavy technology investments including a global network of servers and a top pricing engine, that permit the aggregation of real time prices from liquidity sources and identification of the best price available at a certain moment. This advanced technical infrastructure means AxiTrader can display price modifications almost in real time and aim to reach the institutional level pricing area.

For example, the spreads on EURUSD for a Pro Account can vary from 0 pips to 0.4 pips in a matter of seconds. Meanwhile for the same Forex pair on a Standard Account the spread varies between 1.3 and 1.5 pips.  

Faithful to their transparency policy, AxiTrader provides their clients with updated information regarding the dividend forecast schedule and the futures contract rollovers for CFDs. 

Lists with dividend adjustments for the financial instruments available in their offer are provided here.

Likewise, lists with data concerning futures contracts rollovers are available here. Rollovers happen after the closure of the trading activity on the expiry date of the futures contracts and the swap or rollover will appear on your account once the futures contract resumes trading. 

Deposits and Withdrawals 

Score: 4 out of 5

AxiTrader allows you to deposit and withdraw your funds in a fast and secure manner via a secure Client’s Portal. 

AxiTrader provides a selection of top payment processors, but it will depend on your country of residence as to which ones are available to you. Check your Client Portal to review them in detail.

AxiTrader does not charge fees for deposits or for withdrawals, but for international transfers your bank may charge some fees. Remember that AxiTrader does not process deposits/withdrawals from third party accounts and for withdrawal you must use the same method you used to deposit. 

When trading with AxiTrader you will have the option to open your trading account in various currencies: EUR, USD, GBP, AUD, CHF, JPY, NZD, PLN, CAD, HKD, SGD. It is a good idea to have your bank account opened in the same currency as your trading account, in order to avoid currency conversion fees. 

To fund your AxiTrader account you can use debit/credit cards, bank wire, e-wallets and transfers from your accounts opened with other brokers. It’s worth noting that credit/debit card withdrawal is not accepted for the moment.

Here is the list of options for deposit/withdrawal offered by AxiTrader:

  • Credit/Debit Card – just for deposit, in the following currencies EUR, USD, GBP, AED,  JPY, CAD, NZD, PLN, SGD
  • Bank transfer – in the following currencies EUR, GBP, USD, CHF, AUD, CAD, NZD, HKD, JPY,  SGD
  • POLi and Bpay – for Australian clients only  
  • FasaPay – in IDR, USD
  • Sofort in EUR
  • GiroPay in EUR
  • iDeal in EUR
  • China Union Pay
  • Neteller
  • Skrill
  • Internet banking for the following countries China, Thailand, Vietnam, Philippines, Poland, Indonesia, Hong Kong, Malaysia and Singapore 
  • Global Collect

Most deposits are instant, except for the bank transfer method that can take 1-3 business days for deposits and withdrawals. Remember as well that most options have a minimum withdrawal limit.

The process of depositing/withdrawing funds with AxiTrader is the following:

  •     Log-in to your Client Portal account
  •     Select “Withdraw Funds” or “Deposit Funds”
  •     Select the deposit/withdrawal method
  •     Add your bank details (if you haven’t already)
  •     Write the sum you want to deposit/withdraw
  •     Launch the deposit/withdrawal

Source: AxiTrade

Minimum Deposit

Score: 5 out of 5

AxiTrader has no threshold for minimum deposit. So, in theory you can trade with virtually any amount of money, even a few dollars. That being said, it’s probably a good idea to make one deposit of a sum that you can afford and not deposit small amounts several times, as you may end up getting a margin call for insufficient funds.

Desktop Trading Platforms

Score: 4.5 out of 5

AxiTrader is a MetaTrader based broker. They provide the popular family of platforms developed by MetaQuotes Software corporation for desktop, web and mobile compatible with PC, Mac, Android and iPhone devices.

MetaTrader is the most used trading platform in the world for a number of reasons. Clients deal with a user friendly interface that is highly customisable via drag and drop elements, charts, analytics tools. MetaTrader also has a plethora of third party extensions and features, as well as Expert Advisors that support automate trading and facilitate your trading activity. 

MetaTrader 4 is a standard platform, but each broker has its own collection of instruments, spreads, policies and account types offering, plus a series of technical details and tools that impact your trading experience.

AxiTrader’s MT4 has some noticeable differences in comparison with the standard MetaTrader platform: 

  • MT4 NexGen plugin as a free add on 
  • AutoChartist plugin 
  • Forex Trading Signals
  • MT4 Multi Account Manager
  • News feed provided by Dow Jones Newswires
  • File installation embedded in Windows Emulator for Mac users

The super high-speed technical infrastructure of AxiTrader allows the use of MetaTrader for high frequency trading and scalping. 

MetaTrader 4 NexGen

MT4 NexGen is a plugin that AxiTrader provides to their clients to enhance their trading experience and performance. It is available for free for accounts who have made a minimum deposit of  $1,000. 

MetaTrader4 NexGen comprises:

  • Sentiment indicator – offers insights related to the current market trends
  • Correlation trader – identifies new opportunities and minimises money management mistakes
  • Alarm manager – spares you the effort of monitoring your charts 24/7; you simply set an alarm to be advised when something important happens
  • Economic calendar – enables you to set alarms for major economic events
  • Automated trade journal – improved analysis and reporting tool for your trading activity
  • New terminal window – provides enhanced orders and advanced trading management tools, like templates, OCO, alerts, etc.

MT4 NextGen is essentially a mini-manager to launch and close orders faster and which gives you access to quicker, more advanced order types. It also allows you to import relevant news feeds or practice social trading.

MetaTrader 4 Multi-Account Manager

The MT4 Multi-Account Manager (MAM) offers the advantage of managing multiple trading accounts from one terminal. This means it’s possible to use a master account and manage trades on all of your accounts simultaneously. For example, you could place the same order in bulk on all of your trading accounts simultaneously.

AxiTrader has invested heavily in servers and technical infrastructure to ensure fast and solid order execution on Multi-Account Manager. Thus, account managers benefit from a solution characterised by enhanced automation and increased functionality.

MAM terminal features include six allocation methods (percent allocation, lot allocation, proportional by balance, proportional by equity, allocation by equal risk, equity percent allocation) and a full range of order types like stop order, market order, limit, trailing stop, close order and close all (among others).

MT4 Multi-Account Manager is available only for approved accounts that meet the imposed criteria and managed investment schemes.

AxiOne

AxiOne is the premium liquidity service of AxiTrader and has its own dedicated trading platform. 

AxiOne aims to offer sophisticated traders the largest choice of liquidity anywhere in the Forex world.

Since performance, efficiency and risk management are becoming more and more important in the world of trading, AxiTrader strives to offer their clients enhanced benefits. 

These are:

  • 20+ direct liquidity providers;
  • Collection of assets – Forex, CFDs, metals, spread betting etc.;
  • One interface that provides access to seven exchanges and more than 100 liquidity sources;
  • Several connectivity options; and
  • Opens two hours earlier than the majority of brokers;

The most important features of the AxiOne platform are:

  • MT4 bridges;
  • Various pools of liquidity (bank only pool, retail pool, non bank pool); and
  • Spread betting with tight liquidity.

Source: AxiOne 

PsyQuation 

Another interesting platform for advanced traders that AxiTrader provides is PsyQuation, which is a high end trading platform based on Artificial Intelligence and Machine Learning elements. PsyQuation incorporates advanced technical indicators, forecasting capabilities, trading signals, complex quantitative models and real time performance analysis.

Web Trading Platform

As a web platform, AxiTrader provides the equivalent version of MetaTrader 4 for desktop.  The web trading platform preserves most of the desktop version features like high customisation, clear reporting and availability in multiple languages.

The significant difference is that on the web platform it is not possible to set notifications and alerts. 

Mobile Trading Platforms

Score: 4.3 out of 5

As a MetaTrader broker, AxiTrader’s offer includes the mobile versions of MetaTrader for Android and iOS, which is available for download in the Google PlayStore and Apple App Store. 

The mobile versions of MetaTrader are user friendly and have a practical design. They preserve the most important features that allow you to trade on the go, including live charting with real time quotes; analytics tools; orders management and trading history. It also gives you the ability to customise your interface as per your own preferences, set your price alerts and check on the latest news. 

MetaTrader’s mobile platform has a simple interface with intuitive navigation where you can quickly identify the features you need the most. In terms of safety, however, it does currently lack a two factor authentication protocol or fingerprint/face authentication. 

PsyQuation is also available on the mobile version.

Configure Trading Accounts

As with any MetaTrader broker, configuring your account with AxiTrader is a simple task. 

All you will need to begin is your credentials, which should have been received after your request passed the compliance process. This should have been sent via email with your account number and password. Alternatively, you can also find your credentials in the Client’s Portal. 

Before configuring your account you will need to download and install the MetaTrader platform for the corresponding device. You can find here a video tutorial teaching you how to do this. As a general idea, just follow the instructions and in a few clicks you will be able to launch the trading platform. 

Once the application is launched and you are logged in with your account you will be able to see the MarketWatch system with all the financial instruments that AxiTrader offers, including the charts, technical indicators and all the tools you need for technical analysis. 

If you consider yourself an experienced trader, feel free to explore the advanced features of the MetaTrader4 NexGen plugin to bring your trading activity to the next level. 

Training, Education and Resources

Score: 3.8 out of 5

In order to equip their clients with all the necessary tools for their trading activity, AxiTrader has developed a rich education center and useful analytics resources. These can be found in two places:

AxiTrader delivers analytics tools, economic calendar and news via the platform MetaTrader 4. 

The Market Analysis section is updated daily with 1-4 articles comprising news, market overviews, forecasts and technical analysis conceived by their team of analysts. Topics include subjects like Covid-19’s impact on markets and assets, market outlooks, GDP data, weekly previews and technical analysis on Forex currencies and other instruments etc.  AxiTrader’s Youtube channel also provides weekly market analysis by their experts.

Likewise, AxiTrader’s website has a video analysis section with a collection of market analysis by their experts, however for the moment this section is not updated. 

Automated trading signals and automated technical analysis are also supplied by AxiTrader through the AutoChartist feature, which is most famous for its pattern recognition capabilities. Supplementary automated trading signals are available using the Auto Trade attribute of Myfxbook.

Advanced research trading features are accessible on MT4 NexGen, for example a sentiment indicator and correlation trader. 

Social trading is possible via several options, including copy trading through ZuluTrade and through the MirrorTrader platform from Tradency.

AxiTrader has made an effort to create an informative educational center for their clients which provides high quality resources to ensure your trading skills have a strong foundation.

Inside the education center you will find: 

  • Tutorials – several written tutorials related to Forex basics, CFDs trading basics, glossary and technical indicators.
  • Video lessons – a high quality collection including dozens of lessons related to Forex trading, market analysis, trading psychology, trading strategies, stocks, CFDs, MT4, etc.
  • eBooks – including eBooks about Forex, stocks and CFD trading
  • Tips and Tools
  • Seminars and webinars – organised to help clients polish their trading skills, no matter what level of experience they have. Professional traders from AxiTrader host regular online webinars and arrange insightful seminars. 

The video lessons concerning MetaTrader 4 include a range of topics and explain in detail the installation of the platform; its basic functions; how to place and manage trades; how to use charts; order types and how to manage them; MT4 Navigator; Market Watch; backtesting etc.

In the AxiTrader education center you will also find lengthy guides about Forex trading signals; MetaTrader 4 NexGen; creating your own trading system; slippage; margin requirements; habits of profitable traders and much more.

Customer Support

Score: 4 out of 5

Customer support is an important criteria when deciding whether or not to open an account with a forex broker, because trading issues are often time sensitive and technical problems which appear as a result of your chosen broker can often mean missed opportunities.

The customer service department of AxiTrader is open 24 hours a day on business days and offers multilingual support in six languages. The company has support staff in 12 countries, including the United Arab Emirates, Australia and the U.K. 

AxiTrader distinguishes themselves from other brokers in the customer support space with one significant detail – all AxiTrader clients have a personal account manager, no matter their type of account or balance level. 

There are several ways that you can contact AxiTrader directly:

Bonuses and Promotions

AxiTrader is a regulated broker in a number of jurisdictions and, as a consequence, follows closely the restrictions forbidding them to offer bonuses and promotion schemes.

Awards

AxiTrader is a multi-award winning Forex broker with an impressive record. In 2016, the group of companies under the AxiTrader umbrella reported a monthly trading volume of over $100 billion, statistics that catapulted AxiTrader into the Top 10 Global Forex brokers.

Some of the most important awards received by AxiTrader in recent times are:

  • Most Trusted Forex Broker awarded by UK Forex Awards in 2018 
  • Best MT4 Provider, awarded by UK Forex Awards in 2018
  • Best MT4 Broker, awarded by compareforexbrokers.com.au in 2018
  • Most Reliable Forex Broker awarded by AtoZForex in 2017 
  • Highest Overall Client Satisfaction, awarded by Australian FX Report in 2017
  • Financial Institution of the Year, awarded by Asia-Pacific Financial Investment Association in 2014
  • Recognition: Strongest brand associated with being trustworthy, obtained in 2014
  • Best IB & Affiliate Program Worldwide, awarded in 2013
  • Best Forex Broker Asia, awarded in 2013
  • #1 for Customer Service, obtained in 2013
  • Recognition: Most recommended Forex provider in Australia, obtained in 2013
  • Best Spreads award at CIOT Expo 2012

Source: AxiTrader

Trading Experience

Each trader has a unique definition of what a good trading experience means for them. This is something that depends on the trader’s personality, preferences, goals, trading style and more. 

AxiTrader, an awarded broker, with long experience and high overall trading volumes, is without any doubt a good option for traders focussing their attention on Forex trading or for those that prefer scalping and high frequency trading. It is also a primary option for those traders who place a particular emphasis on reduced spreads. 

The main advantages of AxiTrader are its low fees and high speed of execution thanks to its top technical infrastructure. The reliable MetaTrader 4 platform with all its versions, MetaTrader NexGen add-on, the Artificial Intelligence based PsyQuation and AxiOne premium service of liquidity are all appealing features as well.

However, if you are interested in having a wide array of instruments at your disposal and you trade on a large number of markets, AxiTrader might not be the ideal choice for you. 

Overall, AxiTrader is a reputable provider with a variety of strengths and who has the potential to provide a great trading experience to anyone.

Pros and Cons

Pros:

  • Global presence
  • Regulated in many jurisdictions (including FCA, ASIC, DFSA, FMA etc.)
  • Very competitive spreads, no commissions and no inactivity charges
  • High execution speed for orders
  • No minimum deposit imposed
  • Good reputation and long history in the trading industry
  • Special features: MetaTrader NexGen, PsyQuation, premium service of liquidity AxiOne
  • Dedicated account manager for each client
  • The industry standard platform MetaTrader 4, available for Mac, PC, mobile and web trading
  • ECN execution
  • Several options for social trading 
  • Offers spread betting
  • Professional customer service 
  • Decent education resources

Cons:

  • A rather small selection of financial instruments
  • Does not provide services in US
  • Reduced leverage ratio of 1:30 for European retail clients
  • A rather reduced array of analytics tools

Is This Broker a Good Option for Me?

Only you can answer this question properly, but AxiTrader is definitely a good choice if you are a beginner trader, if low spreads are your top priority or if you prefer the scalping trading style.

On the other hand, if you are aiming to have a diversified portfolio and plan to trade in dozens of different markets, AxiTrader does not offer a very rich selection of financial instruments and might not be a good enough option.

Conclusion

AxiTrader is a global, multi-award winning broker and one of the most prominent Forex trading providers in Australia. It has a good reputation, a stack of experience and is a safe, regulated and low-cost Forex broker. 

If you are looking for a broker that focuses mainly on Forex trading, this AxiTrader review invites you to consider it among your short-listed options. We recommend you give AxiTrader a chance and test their services for yourself. 

Safety and regulations4.3
Offer of financial instruments2.5
Differentiation elements and unique features4.9
International presence – covered countries4.2
Account types4
Spreads, fees and commissions4.8
Deposits and withdrawals 4
Minimum deposit5
Desktop and web trading platforms4.5
Mobile trading platforms4.3
Training, education, resources and research3.8
Customer support4
Average Score4.2
AxiTrader

AxiTrader is an Australian-based Forex broker which prides itself on the motto “built by traders, for traders”

Price Currency: USD

Operating System: "Windows", "Apple", "Android"

Application Category: "Broker", "Trading Platform"

Editor's Rating:
4.2
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