|Account Types||Demo Account, Low Value or Micro Account, Standard Accounts,|
|Customer Support||Multi Language Phone Support, Multi Language Live Chat, Multi Language Email Support,|
AxiTrader, a brokerage firm that operates within the UK, Australian and international markets, is owned by AxiCorp Financial Services Pty Ltd and was founded in 2007 in Australia before expanding its operations in 2015 to China and again in 2016 to Latin America, the Middle East, and Germany. Operating exclusively using the MetaTrader4, it offers trading options for Forex Trading, Gold and Silver, Oil, Cryptocurrencies, Indices, Bullion, Metals and Commodities, and Futures CFDs, features standard and pro accounts for mobile and desktop applications. Licensed by the FCA and ASIC, it also operates with licenses from the FMA and DFSA while offering multiple language and currency options, support services and trader tools.
Licensing and Regulation
Licensing and regulation are one of the most important aspects to selecting a broker, and in essence, the more regulatory agencies they are accountable too, the more likely they opera to a high standard. In terms of AXITrader, they have licenses from the FCA, DFSA, FMA, and ASIC and therefore adhere to all regulatory requirements that govern their brokering licenses. In addition to their regulatory responsibilities, AXITrader deposits all client funds in tier 1 global financial institutions and is a member of the Financial Commission compensation, which in manners of resolution claims, will provide up to €20,000 in compensation.
As AXITrader is only a MetaTrader broker, it is imperative and a standard expectation that it offers not only a mobile trading website but also dedicated mobile apps for both Android and iOS. These have naturally been designed, with the exception of size modifications, to emulate its desktop trading platform and therefore operate to the same high standards traders have come to expect. Downloading of the apps is available via their relevant online app store or directly via the AXITrader website.
Brand & Functionality
Due to AXITrader only offering the MetaTrader platform, it therefore naturally only offers benefits that are associated with it, with that being incumbent towards both its mobile and desktop platforms. As a standard offering, the functionality of its MT4 platform does not vary much from, at least at initial glances.
However, once delving a little deeper, it become apparent that is does feature additional features, execution methods, administrative features and tools that increase the end-to-end user experience. This includes the option to add an MT4 NexGen package plus the addition of Newswires from Dow Jones, an AutoChartist plugin and MAC OS installation file. This is in addition to its range of instruments and spreads.
Opening an AXITrader account is quite a detailed process, more so than many other brokerages. Interested traders need to click on the “Open an Account” button and them complete its simple registration form. In this case, it requires you provide your legal name, middle and surname, application type, phone number, country of origin, email address and then agree to its consent terms and whether you wish to receive a daily market analysis.
Thereafter, upon completion and submission, applicants will need to confirm their email address via a system-generated email. Once confirmed, a password will need to be created, and then the process of choosing which type of account you wish to use, choosing a base currency, indicating what leverage you prefer. Traders will then be required to complete their profile by providing information pertaining to their date of birth, country of birth, country of residence and their current address. Finally, they will need to verify their account through the submission of identification documents.
After fully completing all profile information and the submitting of an application, the natural process is to deposit into your newly created trader account. This is carried out by visiting its cashier section whereupon you will need to select one of its multiple payment methods. Currently, these include Visa, Mastercard, Skrill, China Union Pay, Bank Transfer, Bank Wire, BPay, WeChat, Poli, Sofort, Giropay, and iDeal. Prior to submitting a deposit, an amount must be entered and upon submission may including entering additional payment method log in information such as those used when using e-wallets or when funding via a financial institution. Deposit processing, except bank wires, are carried out in less than 30 seconds and will immediately, upon approval, reflect in trader accounts.
AXITrader only offers traders two account types which include the standard account and the pro. Both have access to its full range of products with those encompassing Forex Trading, Gold and Silver, Oil, Cryptocurrencies, Indices, Bullion, Metals and Commodities, and Futures CFDs. The nice to this is the broker includes a very respectable range of forex products on all three major markets (Tokyo, London and New York) 24 hours a day and the ability to adjust the leverage versus sticking with the originally chosen leverage at point of registration.
Gold, Silver and Oil trades offer some of the lowest margin requirements to traders, and due to their popularity, traders with AXI have access to real-time pricing as they do with indices, which includes margins ranging from 0.25 to 1.0, commodities, and crypto trading.
Trade execution is a critical element that traders need to be mindful of, and delays can be an expensive reality without a brokerage that is able to execute those trades in milliseconds. As a result, AxiTrader has invested in advanced network technology to ensure it is able to deliver lower latency. This has resulted in traders receiving superior pricing while also receiving faster trades, increase refresh rates, reduced outages and a far greater liquidity depth.
As mentioned within the depositing section, AXITrader features a number of payment methods in order to allow traders to deposit funds into the trader accounts. As is the standard, this includes various credit card, wire payment, e-wallet and internet banking options. The unique side to AXI is they have chosen to include multiple country-specific internet banking methods for those countries to which they operate within. Payment uploaded to trader accounts are processed immediately and will reflect in thirty seconds or less unless wiring payments, which will take up to five business days. As for withdrawals, they will also be dependent on the method chosen but on average are received in several days.
AXITrader provides dedicated telephone lines for Australia, the UK and its international clients. They furthermore include email and live chat support services while offering responses via social media platforms such as Twitter, Facebook, LinkedIn and YouTube where it provides investor update videos. Support services are staffed 24 hours a day, with average response times via social media or email being less than 60 minutes. Finally, to add further options to the table, the brokerage includes a frequently asked questions area that outlines various basic questions to commonly posed questions.
While AXITrader offers an excellent range of products and account types, it extends those offerings through various supportive tools that are designed to assist its traders in being more effective with their trades, increase their profitability and/or learn more about trading in general. This is accomplished through the implementation of online courses, Seminars, Trading basics, eBooks, Forex basics, and Forex video tutorials. Additionally, it includes several additional platforms that provide valuable trading information, which encompasses Autochartist, a program that searches the markets for real-time pricing. The broker also includes VPS Hosting sand the power of its PsyQuation software.