October 26, 2020

AxiTrader Review – Is AxiTrader Scam or Safe?

Regulators: ASIC

Cryptocurrencies: YES

Minimum Deposit: $1

Maximum Leverage: 1:400

Spreads: Low

My Score: 7.4

AxiTrader is a forex and CFD broker situated in 2007 in Australia. They assist traders using Forex being a share category to meet part of these trading portfolios. Their trading platform provides you use of the hottest store data plus so they deliver exemplary customer service.

AxiTrader is a registered company name of AxiCorp Financial Services Pty Ltd (AxiCorp). AxiCorp (ACN 127 606 348) holds an Australian Financial Services Licence (AFSL number 318232). AxiCorp additionally holds a Derivatives cloud-based permit in New Zealand, FSP No. 518226.

In this AxiTrader review you are going to receive most of the replies to the next questions: Is AxiTrader scam or decent forex broker? What are the accounts sorts of this broker? What are the trading requirements such as spreads, leverage, and minimal deposit? Can it be AxiTrader regulated?

Regulation of AxiTrader

AxiTrader is a trading title of AxiCorp Financial Services Pty Ltd, licensed and regulated by the Australian Securities & Investments Commission (ASIC).

ASIC governs Australian businesses, financial marketplaces, financial services businesses and professionals who deal and advise in investments, superannuation, insurance, deposit taking and credit score

ASIC regulated Forex brokers must have a minimum net funding AUD 1,000,000 to shield shareholders from unexpected or bankruptcy events.

ASIC additionally admits that brokers need to own a representative office in Australia, and can’t operate in an overseas site.

Moreover, customers of UK brokers are insured by the Financial Services Compensation Scheme (FSCS) policy. At case of company bankruptcy, FSCS can pay for reimbursement upto no more than 50,000 per man per governed entity.

Australian FX broker law, nevertheless, will not incorporate some damages strategy if a certified company becomes bankrupt.

In April 2018 AxiTrader declared the launching of an office at Dubai and also a brand new license from the Regional Dubai Financial Services Authority (DFSA).

Account Types and Spreads

There are just two trading balances comprises Standard and Pro balances. Standard accounts include a $1 minimum deposit and 0.01 minimum trade measurement.

The utmost leverage is 1:400, spreads are out of 1.0 pips on EUR/USD and there isn’t any commission. It’s competitive spreads.

Pro accounts provide the equal trading requirements. The gap between 2 balances is spreads. The spreads to Pro, 0.2 pips on EUR/USD commission 3.50 per standard lot each side.

Trading Platforms

The broker Features the Hottest trading platform MetaTrader 4. Together with higher-end and also a complete package of features, experience on the web trading how it was supposed to function with MT4 for the desktop computer.

Whether you would like to trade forex onto your own desktop computer or on the move, MT4 works together with the tech and operating platform you would rather make use of. Full of features and tools, MT4 using AxiTrader provides an even far more potent trading encounter.

You may utilize the MT4 on PC, cellular phones and web platforms. To get started using our MT4 computer software now you’ll demand an MT4 trading account. This is sometimes described as a 30day Demo or perhaps Live accounts – both are FREE to start with AxiTrader and also you are able to be trading in moments.

Trading Instruments

AxiTrader offers forex currency trading together with the usage of 61 monies, non-spreads, very low latency implementation and profound liquidity, and AxiTrader makes it effortless to combine the universe ‘s most significant trading store.

It provides commodities & indices for traders planning to increase their investments and then disperse their funding, AxiTrader supplies trading on major products such as silver, gold and petroleum, in addition to major equity indices from the entire world ‘s biggest marketplaces.

Axitrader offers also BTC/USD trading on the MT4 platform. The BTC/USD set is found on both the Demo and Live accounts. Obtain the benefits of Bitcoin’s high volatility with no demand for an electronic virtual wallet without the requirement to buy physical Bitcoins and minus the probability of digital money theft.

Payment Options

Clients of AxiTrader may create deposits to and withdrawals from their balances through credit/debit cards, (Visa, MasterCard, Maestro), bank wire, Skrill, Neteller, BPAY, JCB, Global Collect and China UnionPay.

AxiTrader lets customers open accounts and deposit money in most major currencies: AUD, EUR, GBP, NZD, SGD, USD, CHF, JPY, HKD, CAD.

Conclusion

AxiTrader is a Respectable forex broker in Australia. It gives the very widely used MetaTrader4 platform. The broker provides competitive spreads and trading requirements.

If you didn’t enjoy this broker’s supplies, you’ll get a far better broker in my upper forex brokers list. Below are the pros and cons of Axitrader from the table underneath.

AxiTrader

7

Trust

8.0/10

Commissions and charges

7.0/10

Customer Service

7.0/10

Platform & Tools

6.0/10

Product Portfolio

7.0/10

Pros

  • Strong regulation
  • MT4 endorsed
  • Advanced instruments on MT4 NexGen
  • Various Instruments

Cons

  • No Choice of trading programs