AxiTrader Broker Review

Is AxiTrader a scam?

AxiTrader (also known as Axi) is a well-regulated broker that takes safety and security very seriously. The company is regulated by multiple financial authorities, including:

1. The Australian Securities and Investments Commission (ASIC)
2. The Financial Conduct Authority (FCA) in the UK
3. The Dubai Financial Services Authority (DFSA)
4. The Financial Services Commission (FSC) in Mauritius

These regulatory bodies have strict rules and regulations that brokers must comply with in order to ensure the safety and protection of their clients. Some of the requirements include:

1. Keeping client funds in segregated accounts separate from the broker’s own funds
2. Providing negative balance protection to prevent clients from losing more money than they have deposited
3. Regularly submitting financial reports and audits to the regulatory authorities
4. Ensuring that client data is kept secure and protected from unauthorized access

In addition to these regulatory requirements, Axi also offers a range of security measures to protect their clients’ accounts, including two-factor authentication and SSL encryption on their website.

Overall, AxiTrader is a well-regulated broker that takes the safety and security of its clients seriously.

AxiTrader Trading Platforms

AxiTrader offers a variety of trading platforms that cater to the different needs of its clients. These platforms include:

1. MetaTrader 4 (MT4): This is a popular and widely-used trading platform that provides advanced charting tools, technical analysis indicators, and a range of order types. It is available for desktop, web, and mobile devices.
2. MetaTrader 5 (MT5): This is the successor to MT4 and offers a wider range of features, including more technical analysis tools, more order types, and the ability to trade stocks and futures. It is also available for desktop, web, and mobile devices.
3. AxiOne: This is a proprietary trading platform that is designed specifically for AxiTrader clients. It provides advanced charting tools, real-time news and analysis, and a range of order types. It is available for desktop and web devices.
4. Myfxbook Autotrade: This is a social trading platform that allows clients to automatically copy the trades of other traders. It is integrated with both MT4 and MT5.

All of these platforms are user-friendly and provide a range of trading tools and features to help clients make informed trading decisions. AxiTrader also offers a range of educational resources, including webinars, articles, and videos, to help clients learn how to use these platforms effectively.

Products AxiTrader provides

AxiTrader provides a range of financial products that clients can trade on their platforms. These products include:

1. Forex: Clients can trade a range of currency pairs on AxiTrader’s platforms, including major, minor, and exotic pairs.
2. Indices: Clients can trade on a range of indices, including the S&P 500, FTSE 100, and Nikkei 225, among others.
3. Commodities: Clients can trade on a range of commodities, including gold, silver, oil, and natural gas.
4. Cryptocurrencies: Clients can trade on a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.
5. Stocks: Clients can trade on a range of stocks from major global exchanges, including the New York Stock Exchange, London Stock Exchange, and Tokyo Stock Exchange.
6. Futures: Clients can trade on a range of futures contracts, including indices, commodities, and interest rates.

AxiTrader also provides clients with access to a range of trading tools and resources, including real-time news and analysis, advanced charting tools, and a range of order types to help clients execute their trading strategies.

AxiTrader account types

AxiTrader offers several different account types to cater to the different needs of its clients. These account types include:

1. Standard Account: This is a basic account type that is suitable for new traders or those who want to start trading with a smaller initial deposit. It offers competitive spreads and access to AxiTrader’s range of trading platforms.
2. Pro Account: This is a more advanced account type that is suitable for experienced traders or those who want to trade larger volumes. It offers lower spreads, access to a range of trading tools and resources, and priority customer support.
3. Islamic Account: This is an account type that is designed for clients who follow the Islamic faith and comply with the principles of Sharia law. It is available as a Standard or Pro account and does not charge overnight interest (swap) on positions held overnight.
4. Demo Account: This is a practice account that allows clients to trade with virtual funds without risking real money. It is a useful tool for new traders to learn how to use AxiTrader’s platforms and test their trading strategies.

All account types offer clients access to AxiTrader’s range of financial products, including forex, indices, commodities, and cryptocurrencies. Clients can choose to open an account in different base currencies, including USD, EUR, GBP, and AUD, among others.

AxiTrader trading fees

AxiTrader charges trading fees in the form of spreads and commissions, depending on the account type and the financial product being traded. Here’s a breakdown of the trading fees for each product:

1. Forex: Spreads for forex pairs start from as low as 0.0 pips on the Pro account, and 1.0 pip on the Standard account. Commission fees for the Pro account are $7 per round lot traded, while the Standard account does not charge a commission fee.
2. Indices: Spreads for indices start from as low as 0.4 points on the Pro account, and 1.0 point on the Standard account. Commission fees for the Pro account are $3.5 per side per lot traded, while the Standard account does not charge a commission fee.
3. Commodities: Spreads for commodities start from as low as 0.3 pips on the Pro account, and 1.0 pip on the Standard account. Commission fees for the Pro account are $3.5 per side per lot traded, while the Standard account does not charge a commission fee.
4. Cryptocurrencies: Spreads for cryptocurrencies start from as low as 0.45 points on the Pro account, and 1.0 point on the Standard account. Commission fees for the Pro account are $7 per round lot traded, while the Standard account does not charge a commission fee.
5. Stocks: Spreads for stocks start from as low as 0.1% on the Pro account, and 0.3% on the Standard account. Commission fees for the Pro account are $0.02 per share traded, while the Standard account does not charge a commission fee.
6. Futures: Spreads for futures start from as low as 0.5 points on the Pro account, and 1.0 point on the Standard account. Commission fees for the Pro account are $3.5 per side per lot traded, while the Standard account does not charge a commission fee.

It’s worth noting that AxiTrader’s trading fees are competitive and transparent, and there are no hidden fees or charges. Clients can also enjoy discounted trading fees and other benefits by joining AxiTrader’s loyalty program, which rewards clients based on their trading volume and activity.

AxiTrader Funding and Withdrawal Options

AxiTrader provides a range of funding and withdrawal options to make it easy for clients to deposit and withdraw funds from their trading accounts. Here’s an overview of the options available, fees, and processing times:

Deposit Options:

• Bank Transfer: No fees are charged by AxiTrader for bank transfers, but clients may be charged by their bank. Processing time can take up to 3-5 business days.
• Credit/Debit Cards: AxiTrader accepts Visa, MasterCard, and Maestro cards. No fees are charged, and processing time is instant.
• Electronic Wallets: AxiTrader accepts Neteller, Skrill, and China UnionPay. No fees are charged, and processing time is instant.

Withdrawal Options:

• Bank Transfer: No fees are charged by AxiTrader for bank transfers, but clients may be charged by their bank. Processing time can take up to 3-5 business days.
• Credit/Debit Cards: AxiTrader can only process withdrawals back to the original card used to fund the account. No fees are charged, and processing time can take up to 3-5 business days.
• Electronic Wallets: AxiTrader can process withdrawals to Neteller and Skrill wallets. No fees are charged, and processing time is instant.

It’s worth noting that AxiTrader does not charge fees for deposits or withdrawals, except for international bank transfers, where a fee of AUD 20 may be charged. However, clients may be subject to fees charged by their payment provider or bank.

Clients can make deposits in a range of currencies, including USD, EUR, GBP, and AUD, among others. Withdrawals are processed within 24 hours of the request being made, although processing times may vary depending on the payment provider and bank used

AxiTrader’ promotions

AxiTrader occasionally offers promotions and bonuses to new and existing clients, although the availability and terms of these offers may vary depending on the region and account type. Here are some examples of the types of promotions that AxiTrader may offer:

1. Welcome Bonus: AxiTrader may offer a welcome bonus to new clients who open an account and make an initial deposit. The bonus amount and terms may vary depending on the account type and region.
2. Deposit Bonus: AxiTrader may offer a deposit bonus to existing clients who make additional deposits into their trading accounts. The bonus amount and terms may vary depending on the account type and region.
3. Rebate Program: AxiTrader may offer a rebate program to clients who trade a certain amount or volume during a specific period. The rebate amount and terms may vary depending on the account type and region.
4. Loyalty Program: AxiTrader has a loyalty program called AxiSelect, which rewards clients based on their trading volume and activity. Members of AxiSelect can enjoy discounted trading fees, access to exclusive educational resources, and other benefits.

It’s worth noting that promotions and bonuses may come with certain terms and conditions, such as minimum deposit requirements, trading volume requirements, and restrictions on withdrawing bonus funds. Clients should always read the terms and conditions carefully before participating in any promotion or accepting a bonus offer.

AxiTrader customer support

AxiTrader offers several customer support options to assist clients with their inquiries and concerns. Here are the main ways to get in touch with AxiTrader’s customer support team:

1. Live Chat: AxiTrader’s website has a live chat feature that allows clients to chat with a customer support representative in real-time. The live chat service is available 24 hours a day, 5 days a week.
2. Email: Clients can send an email to AxiTrader’s customer support team at any time, and a representative will typically respond within 24 hours.
3. Phone: AxiTrader has dedicated phone lines for different regions, and clients can call to speak with a customer support representative during business hours.
4. Knowledge Base: AxiTrader has an extensive knowledge base on its website that covers a wide range of topics related to trading, platforms, and account management.

AxiTrader’s customer support team is known for being knowledgeable, friendly, and responsive. They are available to help clients with a variety of issues, such as account setup, technical support, funding and withdrawals, and general trading inquiries. Clients can also find answers to many common questions in AxiTrader’s FAQ section.

AxiTrader Educational Resources

AxiTrader offers a range of educational resources to help clients improve their trading knowledge and skills. Here are some examples of the educational resources available:

1. Trading Guides: AxiTrader has a library of trading guides that cover various topics, such as forex trading basics, technical analysis, trading psychology, and risk management.
2. Webinars: AxiTrader regularly hosts webinars on various trading-related topics, including market analysis, trading strategies, and platform tutorials. Clients can participate in live webinars or watch recorded webinars on demand.
3. Video Tutorials: AxiTrader has a collection of video tutorials that cover various aspects of trading, such as platform navigation, order types, and charting tools.
4. Market Analysis: AxiTrader provides daily market analysis and commentary on forex, commodities, and indices. Clients can access this information through AxiTrader’s website, trading platforms, and social media channels.
5. Trading Tools: AxiTrader offers a range of trading tools to help clients make informed trading decisions. These tools include an economic calendar, trading calculators, and sentiment indicators.
6. AxiSelect: AxiSelect is AxiTrader’s loyalty program, which offers members access to exclusive educational resources, such as webinars and trading strategy guides.

Overall, AxiTrader’s educational resources are comprehensive and accessible to traders of all experience levels. These resources can help traders improve their knowledge and skills, which may lead to more successful trading outcomes.

Pros and cons of AxiTrader

Pros:

1. Regulated and reputable: AxiTrader is regulated by multiple authorities, including ASIC and the FCA, which may provide clients with a sense of security and trust.
2. Wide range of markets: AxiTrader offers access to over 80 currency pairs, as well as CFDs on indices, commodities, metals, and cryptocurrencies.
3. Competitive spreads and fees: AxiTrader’s spreads and fees are generally competitive compared to other brokers in the industry.
4. Multiple trading platforms: AxiTrader offers a choice of several trading platforms, including MetaTrader 4, MetaTrader 5, and the AxiOne platform, which may appeal to different types of traders.
5. Educational resources: AxiTrader provides a range of educational resources to help clients improve their trading knowledge and skills.

Cons:

1. Limited product range: While AxiTrader offers a wide range of currency pairs, the selection of other CFDs is relatively limited compared to some other brokers.
2. Limited research tools: AxiTrader’s research tools are not as comprehensive as some other brokers in the industry, which may be a disadvantage for traders who rely heavily on research and analysis.
3. Inactivity fee: AxiTrader charges an inactivity fee of $50 per quarter for accounts that have been inactive for more than six months, which may be a drawback for some clients.
4. Limited customer support: While AxiTrader offers multiple customer support options, some clients may find that the level of support provided is not as extensive as they would like.
5. No US clients: AxiTrader does not accept clients from the United States, which may be a disadvantage for traders in that region.

Overall, AxiTrader has several strengths, including its regulation, range of markets, competitive fees, and educational resources. However, the limited product range, research tools, and customer support, as well as the inactivity fee, may be considered drawbacks by some clients.

Frequently asked questions about AxiTrader

Here are some frequently asked questions about AxiTrader:

Is AxiTrader regulated?

Yes, AxiTrader is regulated by multiple authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the United Kingdom.

What markets can I trade with AxiTrader?

AxiTrader offers trading in over 80 currency pairs, as well as CFDs on indices, commodities, metals, and cryptocurrencies.

What trading platforms does AxiTrader offer?

AxiTrader offers several trading platforms, including MetaTrader 4, MetaTrader 5, and the AxiOne platform.

What are the deposit and withdrawal options with AxiTrader?

AxiTrader offers various deposit and withdrawal options, including bank transfers, credit/debit cards, Skrill, Neteller, and BPAY. Deposits are typically processed instantly, while withdrawals can take up to 3-5 business days.

What fees does AxiTrader charge?

AxiTrader charges various fees, including spreads, commissions, swap rates, and an inactivity fee of $50 per quarter for accounts that have been inactive for more than six months.

Does AxiTrader offer educational resources?

Yes, AxiTrader offers a range of educational resources, including trading guides, webinars, video tutorials, market analysis, trading tools, and the AxiSelect loyalty program.

What is the minimum deposit with AxiTrader?

The minimum deposit with AxiTrader varies depending on the account type and the funding method used. For example, the minimum deposit for a Standard account funded with a bank transfer is $0, while the minimum deposit for a Pro account funded with a credit/debit card is $10.

Does AxiTrader offer a demo account?

Yes, AxiTrader offers a free demo account that clients can use to practice trading in a risk-free environment.

Does AxiTrader accept clients from the United States?

No, AxiTrader does not accept clients from the United States.