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AXITRADER Review: Is Axitrader one of the best Australian Forex Brokers? We conducted an in-depth review in December 2019 to find out the answer and bring it to you!

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 (including London, United Kingdom) 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.

💻 Trading PlatformMetaTrader 4
🏢 Head OfficeSydney, Australia
📅 Founded2007
⭐ Reviews6.2 - 7 Reviews Trust Pilot
↔ Maximum Leverage400:1
🖥 Execution Servers LD5
📡 Broker TypeSTP
💰 Negative ProtectionNo
📊 Trading OptionsForex, CFDs, Crypto

The overall raiting is based on review by our experts
👌 Reliability: 6 / 10 📈 Spread: 8 / 10
🞧 Offers: 6 / 10🚅 Speed of Execution: 9 / 10
📧 Customer Service: 8 / 10👍 Uptime: 9 / 10
Trading Conditions
Max Leverage:400:1
Min Deposit:$0
Spread:From 0.0 Pips
Cuts out Dealing Desk:Yes
Methods of deposit and offers
Deposit / Withdraw:
Welcome offer:Flexible
Rebates Engine Forex:Coming soon!



In Summary

  • ASIC regulated
  • High-level web security
  • FCA licensed
  • 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). Axicorp Financial Services Pty Ltd holds an Australian Financial Services License (AFSL).

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



In Summary

  • 1 pip spread mark-up on STP acc
  • Up to 400:1 leverage
  • $7 commission per standard lot round-turn on ECN-type acc

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.


In Summary

  • Solid trade execution
  • Mobile Trading
  • MAM & VPS available

With their motto ‘One Platform. Any device. Endless possibilities.’ Axi is considered the golden standard for the Mt4 platform. AxiTrader in fact focusses solely on the popular MetaTrader 4 trading platform environment for all devices and operating systems (Windows, iOS (MAC)), Android, iPhone and iPad), offering MetaTrader accounts with an interesting twist: Unique extra trading 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.

The broker also tries to allow for fast execution speeds where slippage is reduced to a minimum and Forex market access guaranteed at all times.

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




In Summary

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

‘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.

The broker focuses mainly on Forex trading by offering a large selection of currency pairs but not many other financial instruments which may be a disadvantage for some traders.

Clients can choose between two distinctly different live 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 maximum leverage of up to 400:1.

Customers can also set up a demo account to test Axi's trading environment before entering the markets with real money.

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 (including AUD, USD, EUR, GBP, etc.).

In terms of educational material and trading resources Axitrader offers a selection of free webinars, video tutorials and eBooks as well as a standard economic calendar.


In Summary

  • 80+ tradable instruments
  • 1 cryptocurrency (BTC)
  • 11 indices CFDs
  • Maximum leverage 400:1

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

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.

At this point it should be highlighted once again that trading CFDs poses a high risk to any retail investor's capital.


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 is one of Australia's major online Forex brokers offering its clients a great trading experience with medium-high leverage, tight spreads, original MT4 trading platform features and reliable service. Average spreads are decent and at a competitive level. 


| where is AxiTrader located?

AxiTrader is an Australian based (Sydney), owned, and ASIC regulated Forex broker. The company further maintains several offices in major financial hubs around the globe, enabling them to serve customers around the globe during business hours 24/5.

| who owns it?

AxiCorp is the parent organization of the AxiTrader, AxiPrime and AxiSelect brands. AxiTrader is the company’s flagship business as an online retail foreign exchange broker.

| how to fund an AxiTrader trading account?

You have the following funding options available:

Debit and Credit Cards (Visa, Master, Maestro, JCB), Neteller, Skrill/Moneybookers, Global Collect (only for Australian clients), BPAY (only for Australian Clients), China Union Pay (only for Chinese residents), Bank Transfer, Broker to Broker Transfer

| is AxiTrader regulated?

Yes. AxiTrader is authorised and regulated by the Australian Securities & Investments Commission (ASIC), AFSL number 318232.

AxiTrader UK is a trading name of AxiCorp Limited which is registered in England and Wales under registered number 06378544. AxiCorp is authorised and regulated by the Financial Conduct Authority (FCA), Reference Number 509746.

| is AxiTrader FCA regulated?

Yes, AxiTrader UK is licensed and regulated by the FCA.

| is AxiTrader legit?

Yes, absolutely! AxiTrader complies with strict regulations and is licensed and regulated by the Australian Securities and Investments Commission (ASIC) as well the Financial Conduct Authority (FCA) of the UK.

Clients’ funds are held save and securely in separated, segregated trust accounts.

| is AxiTrader a market maker?

There are two trading account options with AxiTrader.

AxiTrader acts as a market maker with their MT4 Standard trading account option. Their MT4 Pro Account is an ECN type trading account with fixed commissions and no additional spread mark-ups. With this trading account option AxiTrader does not act as a market maker.

| AxiTrader withdrawal methods

Withdrawal options include:

Credit & Debit cards (VISA & Mastercard), Neteller, Bank Wire Transfer

| withdrawal limit

There are no minimum or maximum withdrawal limits at AxiTrader.

| does AxiTrader accept clients from Canada?

Yes, clients from Canada are welcome, however applications from Canadian residents of Ontario cannot be accepted.

| is AxiTrader a True ECN broker?

AxiTrader offers a true ECN account option with their MT4 Pro Account. Their Standard Account is not a true ECN account and spread mark-ups apply.

| brokers like AxiTrader?

IC Markets is another Australian based and ASIC regulated Forex broker with a strong offering and excellent trading conditions.