AxiTrader Review (Awarded #1 MT4 Broker!)

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AxiTrader Review by TradingGator

Welcome to this all-you-need AxiTrader review!

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Related article: How to Open an Account with AxiTrader

Forex trading is a full-time job for many. As the market changes rapidly, traders need to monitor the high and lows of trading carefully all throughout the day. Therefore, it is important to stay updated on the latest broker reviews. However, trading in the most competitive environment is not everyone’s cup of tea. Only the disciplined traders can make a profit out of it. 

Finding the best Forex broker for your trading needs is an important part of your trading journey. There are a lot of unserious online brokers out there who only want to take advantage of beginner traders. Being mindful of the pitfalls out there is a very good start.

However, there are some very serious and trusted brokerage firms as well. They are often very trusted by their clients and operates with a highly regarded customer service. These brokers are all about a long-term relationship with their clients in order to establish themselves as superior and trustworthy. And they get the trust in return when delivering a superior trading experience.

Please note: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

How to Choose the Right Broker

Review of AxiTrader - Customer Service 1

If you are looking for the best trading broker in the Australian market, or other markets for that matter, AxiTrader should be the first name to come to your mind. It is an online brokerage firm founded in 2007. For social trading and Forex trading, AxiTrader is considered to be one of the best providers out there. It has operations worldwide, but the head office is located in Australia. And you will get a better grasp of the firm in this review of AxiTrader.

While looking for a Forex trader, you will be encountered with a lot of brokers online. All of them promise to offer different services to traders, but few can keep their promises wholeheartedly. So, before choosing a particular forex trader, you should know it properly. In this article, you will find a detailed Axitrader review. We scrutinize them from customer service to commission rates and client review.

Spoiler alert! AxiTrader stands out as a leading forex trading broker in Australia and around the world. 

Overall Summary
  • Highly trustworthy
  • Excellent customer service
  • Easy deposit and withdrawal
  • Excellent customer reviews on Trustpilot
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Please note: CFDs and Margin FX are leveraged products that carry a high level of risk to your capital. Trading is not suitable for everyone and may result in you losing substantially more than your initial investment. You do not own, or have any rights to, the underlying assets. You should only trade with money you can afford to lose.

 

Axitrader Review by TradingGator

AxiTrader Logo in TradingGator Review

Getting up to speed.

AxiTrader happens to be one of the largest Forex trading brokers in the Australian Forex market at first. Then, it has opened its few more branches in other few countries. After formation, it has shown constant growth and contributes a lot to currency traders world-wide. 

Hence, it is very interesting to make an up to date review of AxiTrader.

 

AxiTrader Review – Risk factors 

AxiTrader works in three broad markets:

1) The CFD market (also known as Contract for Difference)

2) The forex market (foreign exchange/currencies)

3) The social trading platform (traders interacting with each other)

Before starting your trading journey, you should know that CFDs are a critical financial instrument that comes with a high risk of losing money. These risks occur from the huge leverage option. So, before you trade CFDs with AxiTrader, you should know how CFDs work and if you really can take that high risk of losing your hard earned money. 

In a short time, AxiTrader has become a trusted and reputed broker among clients. It maintains the rules and regulations of ASIC and FCA. This broker is updated with modern technology, which is the biggest advantage for any trader. In online trading, the trader must be knowledgeable about all of the changes in the marketplace. Customers also get the best customer service from their dedicated team, always. 

 

Advantages of Trading with AxiTrader 

Advantages of AxiTrader by TradingGator

AxiTrader offers numerous benefits to its clients. As the broker is highly regulated and compliant with FCA regulation, traders can enjoy a lot of advantages while trading.

This broker works with more than 14 biggest banks in the world, which has made trading easier for traders all over the world. Not only that, but traders can also get support 24/7 from the experienced and professional account managers. And AxiTrader’s customer service is world-class!

Traders and investors don’t need to wait in queue for execution of trades. For a speedy and fast execution, one can rely on AxiTrader’s trading platforms. They are awarded The Best MetaTrader 4 Broker, after all. And they deliver on their MT4 platform.  

 

Available trading instruments with AxiTrader 

You can get access to Forex and CFDs easily with AxiTrader. The Forex market is super liquid, and trillions of dollars are traded every day in this market. Traders can trade in the major markets with a lot of facilities with AxiTraders. As Forex offers leverage options and high liquidity, traders can make money with the right investment decision. And choosing the right broker can be the most profitable trading decision. 

With AxiTrader, traders get access to the different commodities as well. The low margin requirements make thier platform the most accessible one. Commodities like gold, silver, equity indices, crude oil, etc. can be traded easily from thir platforms. The metals can also be traded with only 1.0 percent margin requirement. Traders can also enjoy OTC trading without any brokerage fee and commission. 

AxiTrader also offers trading with Bitcoin in the form of CFDs, also known as Contract for Difference. Trading Bitcoin comes with the chance of high profits and losses. While trading in Bitcoin, you don’t need to put down too much of your own capital as you can utilize leverage. This makes trading in Bitcoin attractive through CFDs instead of the physical coins. In the Bitcoin investment option, the Australian traders can also enjoy tax exemption. 

 

AxiTrader Demo Account 

Open Demo Account

 

Like other leading brokers, you will also get the option to use a demo account with AxiTrader. The trading account can be used freely and without any restrictions. You can trade like a real account with this demo account, without using real money. And it is available for you for 30 days.

In thirty days, you can trade with the virtual cash of $5000, which comes with the demo account automatically. You can also set the demo accounts in different currencies. However, you can choose the currency for one time and can’t change it after selecting it. If you want to change the currency, you will need to open a new demo account.  

So, using the demo account, traders can experience trading in the live trading platform with the real-time execution speed. It is actually a replica of the real trading platform which is used for teaching new traders to know about the unique environment of AxiTrader.  

Most of the brokers offer from 15 days to unlimited time for a demo account. But with this broker, a potential customer gets to test the account for 30 days. And according to users, 30 days is enough to understand a trading platform. A trader can also improve his or her trading skills with a demo account.  

However, if a new trader needs more time to understand everything about this broker, he or she can open a live account and can use a demo account before starting actual trading as long as he or she wants.  

While using the demo account, you need to try out new strategies and improve your investment skills. It will help you a lot in the future when you are engaged in actual trading.  

Next in this AxiTrader review, we’ll go through the account opening process.

 

Opening a Live Account with AxiTrader 

Open Live Account

 

Opening a live account with AxiTrader is quite easy and simple. Opening a live account is the first step to start trading real money with AxiTrader. The trader needs to fill in a registration form when opening a live account. On that form, you have to put your personal information. As the platform is highly encrypted, your information will be secured with them.

In order to protect your account, you will need to confirm your identity. All the process is hassle-free, and you can do everything electronically. After being verified your account, you can now fund it and start trading.  

 

AxiTrader Review: Pros and Cons

Like another broker, Axitrader also has some positive and some negative sides. A trader needs to know both sides and decide if he or she is okay with all of the features of this broker. The pros and cons of AxiTrader are discussed below in short.  

Pros
  • Low fees
  • No inactivity fee
  • No deposit and withdrawal fees 
  • Simple sign up
Cons
  • Only Forex and CFDs
  • Limited number of research tools

 

Types of AxiTrader Accounts

There are two types of live accounts at AxiTrader. These are:

 

1) MT4 Standard Account 

Open Standard Account

 

There are no commissions on this account type, only a narrow spread. No sign up fee either. Furthermore, there is no minimum deposit requirement and you get access to 80 currency pairs, as well as other instruments like commodities and cryptocurrency. The leverage offered should satisfy even the most speculative trader.

 

2) MT4 Pro Account 

Open Pro Account

 

No sign up fees.  No re-quotes and instant execution. AxiTrader also offers spread as low as 0.0 pips on this account type.

 

Comparison Table: MT4 Standard vs MT4 Pro Account 

 MT4 Standard Account MT4 Pro Account
Commission fees Zero $7 round trip commission
Spread starting rate 1.0 pips 0.0 pips
Access pricing to the market Five digit Five digit
Mobile trading Available Available
Minimum trade size .01 Lot .01 Lot
Margin Up to 400:1 Up to 400:1
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With Axitrader a trader can trade with over 80 instruments, including currency pair, CFDs, metals, crude oil, bitcoin, and so on. Traders can trade these instruments in the leading marketplace worldwide.

With the maximum leverage ratio of 400:1, a trader can get an excellent opportunity to trade and take advantage of market fluctuations. With ten different funding currencies, every trader should be able to find a currency of their own comfort.

Moreover, there is no initial deposit requirement, which makes new traders comfortable trading with this platform. Hence, the barrier of entry is super low.

 

Deposit & Withdrawals Options at AxiTrader 

You will get many options while depositing and withdrawing money at AxiTrader. You can deposit money with bank transfer, debit card, credit card, broker to broker transfer, Skrill, etc.

If you are an Australian trader, trading with BPAY and global collect is also possible. However, third party payment or withdrawal is not available at AxiTrader.  

 

Spread at AxiTrader 

You will also get the spread option at AxiTrader. You will get some of the best spread options, which will help you to maximize your profit. For currencies, indices, and other commodities, traders get the best market spreads. Spreads with this broker are highly competitive. There is no hide and seek. You will find complete transparency at AxiTrader with regard to spreads. They publish live and average spreads for every currency pair, so traders and investors can determine which entry and exit price they will get. 

Currency Spread

Maintaining a low spread is highly challenging in this competitive global market. But AxiTrader is working with this extensive network to retain the rate of spread. Financial institutions, banks, liquidity providers, and other providers are also included in this network. AxiTrader can enjoy low spread for its traders as they can get access to a wider and larger liquidity pool.  

Using a global server network and the best pricing engine, it can provide the best pricing to its traders. The investment technology of AxiTrader is updated and advanced. This is why their customers always get the best spread pricing.  

How frequently does AxiTrader publish dividend and rollovers? 

AxiTrader always wants to keep its customers up to date with the necessary information about the market. So, they regularly publish dividend forecast schedules for their valuable clients. This helps customers who trade with CFD products immensely.  

 

Trading Platforms Offered by AxiTrader 

AxiTrader allows its customers to trade through the MetaTrader 4 platform. It is one of the most renowned Forex trading platforms among traders. This platform is compatible with different devices, so a wide array of users can trade with this platform. Users of PC, Mac, Android, iPhone, etc. can trade easily with their AxiTrader account. 

Trading with the MT4 platform at AxiTrader, you know you will get the best of the best. AxiTrader is actually rewarded “The Number One MT4 Broker”. This is a great honor and quality sign as the platform is so widely used by retail and professional traders world-wide. 

 

Using the MT4 terminals, you can trade with all of the assets offered by AxiTraders. This trading platform offers a super easy and convenient trading option for the users. Whether you want automated trading, so-called expert advicer (or EA), you will get every option on this platform. Along with the basic features, you will also get the third party features and other extensions while trading with the MT4 platform. 

 

What is AxiTrader VPS? 

Traders using AxiTrader brokers can use the VPS service of the MT4 platform. They can enable this service from a third-party provider. Using VPS, a trader can be online 24/7 and continue their trading. They can minimize the chance of accidental interruption of their trade with VPS. However, those who trade manually, aka hand-trading, will not get many benefits using this virtual server. It is a useful tool for traders who are involved with automated trading strategies. Automated trading requires full-time activity with the trading platform. With VPS, a trader can ensure full-time activity.  

There are different offers for different VPS partner of AxiTrader. A trader reaching to a minimum monthly trade can avail the VPS offer in a limited monthly fee. If any trader wants to see the pricing and other offers related to VPS, he or she can visit the website of AxiTrader. 

 

Different Tools Offered by AxiTrader 

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Different trading tools are available for trading at AxiTrader. Customers can get a better experience trading when utilizing tools offered by AxiTrader. Some of the trading tools offered by AxiTrader to their clients are given below:

 

Autochartist

This is a tool that is offered free of charge to AxiTrader’s active clients. It basically screens the market for trading setups based on technical criteria. The trader will be notified instantly. You can get access to a trial once signed up.

 

DupliTrade 

Forex trading is not a simple process. Different traders follow different strategies. However, some traders copy trade other traders. DupliTrade is a tool developed for traders who are interested in automated trading for different commodities, Forex, and indices. A trader can create his or her portfolio based on who they are following. If a trader opens an account with a minimum starting balance requirement, he or she can use this tool for free.  

 

Myfxbook Autotrade 

AxiTrader MyFXbook tool

Myfxbook Autotarde is also a tool made for copy trading and social trading. This tool allows you to connect with other traders. You can follow the strategy of other traders, and they can also follow yours. You will find out an elaborated guide about this tool on the website of Axitrader. 

 

Tradency 

It is one of the most popular tools for trading in the Forex market. It helps to follow other traders and let them follow you. With the help of this tool, you can view the real-time activity of other traders. You can also screen out the best trading opportunity for yourself. You will get thousands of algorithmic strategies that are great for trading.  

 

Economic Calendar

Axitrader offers an economic calendar for its client. With the help of this economic calendar, a trader can know about different events, news releases, indicators, and so on. For easy navigation and know easily about different events, you will find this calendar a beneficial one. You can also check all kinds of historical data of any events by clicking on the link. So, the economic calendar by Axitrader is very useful for the traders.  

 

Mobile Trading Option with AxiTrader 

Mobile Trading with AxiTrader

AxiTrader allows customers to trade from different devices. It offers endless possibilities for its clients. The traders can trade with the popular MT4 trading platform on any kind of device and operating system. A trader can excel in different trading strategies while enjoying extra functionality and features of this trading platform in their convenient device. 

 

Educational Resources

Understanding a trading platform completely takes a lot of time. For the new traders, Axitrader offers a lot of educational resources. With the help of these resources, traders can get to know the marketplace and the strategies in quite better way. It basically offers video tutorials for beginning traders. From these videos, a trader can get to know about the installation, account opening procedure, the basic functions of the MT4 trading platform, placing trades, and so on. 

 

Security with AxiTrader 

AxiTrader takes security very seriously. This broker is highly regulated with the regulatory body of the Australian Securities and Investment Commission (ASIC). The withdrawal and deposit of money are held under the regulated banks and financial institutions. This brokerage firm is also rewarded many times for its transparency and trustworthiness among the traders, not to mention The Best MT4 Broker for its superior MetaTrader 4 trading platform.

 

AxiTrader Customer Support 

Review of AxiTrader - Customer Service 2

Axitrader offers amazing customer service worldwide to its clients. The customer support is provided in six languages globally. Customer service representatives are highly qualified. So, when a trader seeks any support, they will get support from a dedicated account manager. Where other brokerage firms offer this service only to the limited number of top categories clients, AxiTrader provides this service to every client regardless of their trading size and account type. So, every trader is getting personalized customer support while trading with this broker.  

 

Should you trust AxiTrader? 

A trader should conduct extensive research while finding a reliable and reputed Forex trading broker. As there are many brokers available in the market with unique features, it is hard to select one of them. However, after reading the detailed review of AxiTrader, it can be said that this provider is safe and secure for the new traders as well as experienced forex traders. As it is maintained, they are regulated by two regulatory bodies and the transactions are completely legal without any interference of any third party, one can rely on this broker and start trading. 

 

Conclusion 

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Overall, throughout this AxiTrader review we have found that AxiTrader is one of the most reputable and popular brokers based in Australia. It expands branches in different parts of the world for international clients. Highly regulated and monitored by various bodies, it offers different trading options to its clients.

With their superior MT4 platform, a trader can get access to both Forex and CFDs trading. If you are a new trader, you can get a demo account for a 30 days period. In this period, you can try different trading strategies and get to know AxiTrader’s fast excecution. If everything is going smoothly, you can open a live account with this broker and start trading in the Forex market and CFD instruments.  

We hope you found this AxiTrader review interesting.

Safe trading!

 

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