October 4, 2019
AXITrader broker review: trading conditions and company advantages

AXITrader is the trading wing of AXICorp Financial Services Pty Ltd., an Australian company operating in the industry since 2001. They have entered the Forex market, offering a wide range of FX brokerage services since 2008, and have recently been awarded numerous awards, among them the title of the most reliable broker in Australia.

The broker's advantages include:

  •       Low commission for trade and no commission for inaction;
  •       "There is no withdrawal and deposit fee;
  •       "Completely digital account opening;
  •       Free withdrawal.

Broker's regulation

Since AXICorp is based in Australia headquartered in Sydney, AXITrader is regulated by ASIC. AXITrader has also opened a representative office in the UK and is regulated by the FCA. Therefore, AXITrader can be seen as a reliable broker that meets most of the requirements of today's traders. Regulation by several organizations also requires the broker to adhere to a wide variety of regulatory guidelines, making it more customer-oriented.

Basic information about broker's conditions

The company allows you to open an AXITrader account without a minimum deposit. Of course, opening an account without an initial deposit does not serve the purposes of trading. Therefore, the absolute minimum that traders can deposit into their accounts at the broker is $200. $200 is a small amount of money, but the broker does not support the small deposits that most other companies provide, which may be a disadvantage for ultra-small traders. However, the initial deposit of $200 allows customers to open a standard account in MT4, which is essentially a model of a market-maker. AXITrader spreads on a standard account start at 1 point.

AXITrader has a second type account that is available for a minimum deposit of $1,000. An MT4 Pro account is an ECN account that offers spreads of up to 0 points and a commission of $7 per lot. All other functions of Pro and Standard accounts are similar to each other, and the only difference is provided by different spreads and commissions for the transaction. Both accounts have access to more than 80 different financial assets, including currency pairs and goods, and support features such as access to VPS, free Autochartist and maximum leverage AXITrader 1:400. AXITrader supports high-margin trading for all countries except the United States, where AXITrader is forced to reduce the maximum available leverage to 1:50 in accordance with NFA and CFTC rules.

Traders can also take advantage of the AXITrader demo account, which offers unlimited market access with a virtual balance of $10,000. Most trading conditions are modeled on real markets; hence, the demo account should be able to give a good idea of how the AXITrader account works in a real market scenario.

AXITrader customers can deposit and withdraw funds using bank transfers, credit card payments or online payment processors such as Neteller, which appears to be the standard payment form for most FX brokers . Strict regulation by ASIC and FCA forces the broker to secure clients' funds in individual accounts, preventing the company from abusing such funds.

The company ensures that it does not offer any re-quotes, which will lead to slippage. The company openly declares its policy regarding slippage and warns its customers about both the positive and the negative effect.

It is impossible to get an AXITrader bonus, as the company does not hold any shares. The company has offered bonuses in the past, but has faced several criticisms about their conditions. Conflict of interest forced the broker to abandon the promotion altogether, providing a direct brokerage service, not condoning rewards or bonuses.

AXITrader is an excellently regulated broker that provides high-quality brokerage services in the Forex market, actively studying the best practices of forex trading. They also have a team of highly professional and friendly AXITrader customer support agents who can be reached via chat, email, client portals or by calling relevant offices in more than 12 different countries. Customer service is 24 hours a day and will carefully solve all customer problems.

So, trading fees of broker AXITrader are low, and fees for inaction are not charged. Deposit and withdrawals are also free. Open the account is simple, everything happens digitally. There is no minimum deposit, which is also great. Since trading fees are low and commissions for input, withdrawals and inaction are not charged, try AxiTrader.

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