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Is AXITRADER one of the best Australian Forex Brokers? We conducted an in-depth review in August 2018 to find out the answer and bring it to you!


Another complete and unbiased Review from Engine Forex

AxiTrader was founded in 2007 in Sydney, Australia, and has progressed to become one of Australia’s largest Forex brokers. AxiTrader is part of the AxiCorp group, which has exhibited consistent growth since its formation and now ranks as one of the top 10 global Forex providers in the world.

With offices in four regions of the globe and clients in more than 150 countries, AxiTrader is an Australian broker firm with a global reach.

The philosophy and business idea that underpins AxiTrader has always been based on one simple idea: To be the broker that traders themselves want to trade with.


AxiTrader

Our Rating

The overall rating is based on review by our experts

8.2 4.1 1
  • Reliability 8 / 10
  • Spread 9 / 10
  • Customer Service 8 / 10
  • Offers 6 / 10
  • Speed of Execution 9 / 10
  • Uptime 9 / 10

AxiTrader - Overview

Trading Conditions

  • Max Leverage
    400:1
  • Platform
    MetaTrader4
  • Min Deposit
    $0
  • Spread
    From 0.0 Pips
  • Cuts out Dealing Desk
    Yes

Methods of deposit and offers

  • Deposit / Withdraw
    VISA , MasterCard JCB , PayPal ,Neteller Skrill China Union Pay WeChat Bank Transfer Wire Transfer BPay
  • Welcome offer
    Flexible
  • Rebates Engine Forex
    Coming soon!

Extras

  • Crypto
    Bitcoin
  • Headquarter
    Sydney

SECURITY, MARGINS AND TECHNOLOGY

SECURITY AT AXITRADER

In Summary

  • ASIC regulated
  • High-level web security
  • No dealing-desk intervention

As a global market leader, AxiCorp takes security very seriously, and it is authorised and regulated by the Australian Securities and Investment Commission (ASIC).

All monies received from AxiCorp’s clients are banked, held in trust accounts and dealt with in accordance with the Australian Corporations Act 2001 and the associated regulations.

AxiTrader was named as the brand traders ranked the most trustworthy in the 2014 Investment Trends Australia FX Report.

As a global market leader, AxiCorp takes security very seriously, and it is authorised and regulated by the Australian Securities and Investment Commission (ASIC).

Spreads Comparison

AxiTrader
90
PEPPERSTONE
100
THINK MARKETS
80
IC MARKETS
100
XM
100
Alpari
90

CHARGES AND MARGINS AT AXITRADER

In Summary

  • 1 pip spread mark-up or
  • $7 commission per standard lot round-turn
  • Up to 400:1 leverage

As is the case with all brokers, clients pay a spread on every non-equity CFD and commission on every equity CFD trade.

AxiTrader’s Standard Account runs without any commission fees. Instead, spreads are marked up by 1 pip above the inter-bank rate received from the liquidity providers.

The MetaTrader 4 Pro account shows the raw interbank spread received from liquidity providers and a commission fee of US$7 per standard lot round turn applies when using this account option. No additional fees are charged for trading index CFDs.

As described on AxiTrader’s website, customers holding open positions must maintain minimum margin requirements as detailed in their Client Agreement. These margins start from 0.25%. All positions have an initial margin requirement, and traders are required to keep an account balance over and above that requirement and any unrealised losses. Margin calls can be made at short notice and can be substantial.

TECHNOLOGY

In Summary

  • Solid trade execution
  • MT4 NEXGEN
  • Multi Account Manager (MAM)
  • VPS available

With their motto ‘One Platform. Any device. Endless possibilities.’ AxiTrader focusses solely on the popular MetaTrader 4 platform environment for all devices and operating systems (Windows, iOS, Android, iPhone and iPad), offering MetaTrader accounts with an interesting twist: Unique extra tools, features and functionalities to the traditional platform environment that help any trader to take better control of their trading strategies.

These additional features, compiled under the MT4 NexGen banner, include advanced management tools, enhanced ordering options and sentiment trading.   

Account managers can further make use of AxiTrader’s Multi Account Manager (MAM), which is an integrated software tool that allows a single trader (account manager in this case) to execute block trades on all accounts operating under one master account. Large orders can be quickly and easily placed in bulk to an unlimited number of accounts. Users can choose from six distinct allocation methods: Lot Allocation, Percent Allocation, Proportional By Balance, Proportional by Equity, Equity Percent Allocation and Allocation By Equal Risk. 

Execution of Speed Comparison

AXITRADER
90
PEPPERSTONE
100
THINK MARKETS
90
IC MARKETS
100
XM
90
Alpari
80

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

AN OVERVIEW OF AXITRADER's CUSTOMER SERVICE AND CLIENTS

In Summary

  • 24/5 customer support
  • Global presence with large client base
  • 2 account types to choose from

‘Created by traders, for traders, AxiTrader is a modern Forex broker built on old fashioned values of honesty, transparency and trust.’

With clients all over the globe, AxiTrader offers high-quality, multi-lingual 24/5 customer support through live chat, a toll-free phone hotline and email. Their award-winning service was named ‘#1 for Customer Service’ in the December 2013 Investment Trends Australia FX Report.

Clients can choose between two distinctly different account types upon sign-up: The Standard MetaTrader 4 account comes with no commission fees and offers spreads from 1.0 pips. The minimum trade size is set to 0.01 lots, and there is no minimum deposit requirement.

The second account option is the MetaTrader 4 Pro account, which offers ultra-low spreads from 0.0 pips and a standard commission of US$7 per round trip. The minimum trade size is also set to 0.01 lots, and there is no minimum deposit requirement.   

Both account types offer leverage of up to 400:1.

In total, more than 80 currencies, indices CFDs, commodities and metals can be traded with any of the two AxiTrader accounts and clients may choose from ten different account currencies.

FOREX AND OTHER TRADING OPTIONS AT AXITRADER

In Summary

  • 80+ tradable instruments
  • 1 cryptocurrency (BTC)
  • 11 indices CFDs

AxiTrader offers a total of 80 different tradable instruments such as currency pairs, 11 index CFDs, metals, oil and other commodities.

Traders can choose to trade the options mentioned above on some of the world’s top markets such as the Australian S&P 200 Index, UK FTSE 100 Index, US E-mini S&P 500, Germany’s DAX 30, Japans Nikkei 225 and Hong Kong’s Heng Seng 50.

AxiTrader offers leverage of up to 400:1, ten different funding currencies, micro-lot trading starting from 0.0 lots (with an AxiTrader Pro account) and ultra-low spreads of 0.1 pips. There is no minimum deposit requirement for account holders.

Commissions for an AxiTrader MetaTrader 4 Pro Account are set at a $7 per standard lot round turn but can be reduced depending on trade sizes, frequency and strategy.

SPECIAL FEATURES OF AXITRADER

In Summary

  • True ECN environment with Pro Account
  • Top-notch technology including unique MT4 add-ons
  • Tight spreads & leverage up to 400:1
  • Various VPS offering

AxiTrader offers very low spreads from 0.1 pips, high leverage of up to 400:1 and 80 currency pairs, which is, on average, 20 pairs more than most MetaTrader 4 brokers in Australia.

Account holders can also trade Exotic Margin Forex currency pairs from Asia and South America including Brazilian Real, Malaysian Ringgit, South Korean Won and Chinese Yuan Renminbi.

Most trading types, such as Expert Advisors (EAs), scalping and hedging, are allowed.

AxiTrader offers traders access to top-notch technology including unique MetaTrader 4 add-ons, features and tools such as ‘AxiTrader NexGen’.

When using AxiTrader’s MetaTrader4 Pro Account, users can enjoy a ‘true ECN’ environment with lower spreads and faster execution speeds.

AxiTrader further offers a few interesting VPS service options, which are especially beneficial to high-frequency traders or those who use automated trading strategies. With special discounts of up to US$34.99 per month, AxiTrader clients can, for example, benefit from the group’s collaboration with the ForexVPS solution, which offers very fast trade execution via the New York-located SSD drives.

AxiTrader has also partnered with Beeks FX and offers a discounted rate for Beeks FX VPS hosting. Trading with Beeks FX VPS ensures rapid trade execution, a stable environment and high accessibility. 

Other VPS services that can be utilized by AxiTrader clients are MetaTrader VPS (by MetaQuotes) and Commercial Network Services. 

Traders who manage multiple accounts can take advantage of the Multi Account Manager (MAM) system, which allows account managers to manage a lot of different accounts from one location.

AxiTrader offers multi-channel funding and also allow broker-to-broker transfers from selected companies.

Clients have access to tools like AutoChartist, which is one of the best chart pattern recognition plugins on MetaTrader 4 and can be applied directly to the traders’ charts.

AxiTrader offers traders access to top-notch technology including unique MetaTrader 4 add-ons, features and tools such as ‘AxiTrader NexGen’.

Max Leverage Comparison

AXITRADER
400:1
PEPPERSTONE
500:1
THINK MARKETS
400:1
IC MARKETS
500:1
XM
500:1
Alpari
1000:1

IN CONCLUSION

AxiTrader is one of Australia's top online Forex brokers offering its clients a great trading experience with medium-high leverage, tight spreads, original MT4 platform features and very reliable service.