This AxiTrader review shows the brokerage is an execution-only FX, index and commodities broker. It is among the largest Australian online brokers, founded in 2007, with headquarters in Sydney Australia, AxiTrader promises to focus on integrity, service and execution, striving to deliver remarkable trading support and become a leading provider of online foreign exchange trading services.
Axitrader solely operates on the MetaTrader4 (MT4) platform as at the time of writing. The MT4 platform is available for pc, mac and mobile, MT4 provides a superfast network for traders, it also provides flexible chart tools, one-click trading, full market coverage, automated trading and enhanced connectivity.
Axitrader is regulated by the Australian Securities and Investments Commission (ASIC), ASFL number 318232, it is also authorized and regulated by the UK Financial Conduct Authority (FCA) 509746
AxiTrader Account types
Axitrader offers two account types they include the MT4 pro account, MT4 standard account
The MT4 Pro account is quite similar to the standard account with added benefits for serious traders
- Raw spreads as low as 0.0
- Low commissions, from $3.50 per side
- No requotes and instant execution
- No minimum deposit
The MT4 Standard account is mainly for new traders
- 80 currency pairs
- No commission
- Free setup and download
- No minimum deposit
AxiTrader offers a demo account for 30 days with a balance of $50,000 during this period AxiTrader will provide an account manager to assist you with any issues that arise. This is an opportunity to get accustomed to AxiTrader services without any risk.
AxiTrader Spreads and Commissions
The spread is the only charge on the MT4 Standard Account, while commission and spread are charged on the MT4 Pro Account. Because Axitrader is an ECN broker, therefore the spreads will be tighter than that of other market maker brokers, as there is less margin for them to play with.
AxiTrader Trading tools
Autochartist this is free for all AxiTrader clients, autochartist continuously scans the market and recognizes trade setups based on support and resistance levels and informs traders once an opportunity has been identified.
PsyQuation uses sophisticated algorithms to analyze your behaviour and identify where you make trading mistakes, it is available to all axitrader clients.
MT4 VPS Hosting this service uses an external server to ensure your platform runs 24/7 with no downtime, it is very useful for traders who use automated trading strategies.
Forex economic calendar keeps track of all-important events and makes it easy with its simple design to search and navigate to information relevant to you.
AxiTrader Education and customer service
AxiTrader provides excellent resources for anyone to completely understand and delve into the trading market. These resources include video tutorials, courses in multiple languages, eBooks.
Customer support can make or break relationships between traders and their platforms, the AxiTrader support team are available to attend to the needs of their customers 24 hours a day for all working days, they are available through live chat, email and toll-free calls for certain countries.
Third party rating site TrustPilot scores their AxiTrader review 4.5/5 with Excellent feedback from real clients.