Axitrader.com Review Is AxiTrader A Legit Forex Broker Or Scam

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AxiTrader review

AxiTrader

Leverage: 1:400

Regulation: ASIC, FCA

Min. Deposit: 0 US$

HQ: Australia

Platforms: MT4

Found in: 2007

AxiTrade Licenses

  • AxiCorp Financial Services Pty Ltd – authorized by ASIC (Australia) registration no. ACN 127 606 348 AFSL 318232
  • AxiCorp Limited – authorized by FCA (UK) registration no. 509746

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What is AxiTrader?

AxiCorp Financial Services Pty Ltd or its trading name AxiTrader based in Australia and founded in 2007. After the successful operation during the first years, the broker been ranked among the most trusted Australia’s Forex brokers with the strongest brand association. In 2020 as a part of the company global enlargement campaign, London branch AxiCorp Ltd was opened, as a wholly owned subsidiary of its Australian company.

As an established international group of companies, AxiTrader provides financial products focused on foreign exchange, primarily for retail investors. Tight spreads and fast execution come as standard on all accounts. The AxiTrader’s clients as well enjoying direct access to various liquidity providers from over than 14 world’s largest banks.

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Furthermore, since the broker faced a significant increase in its volumes, AxiTrader launched operation and multilingual customer support in numerous locations and now covering China, Latin America, Middle East, Germany and more. Actually, and this is true that AxiTrader is known in the trading industry for its award-winning customer support.

For you to get better understanding always check on the most important information that broker’s offering consists of. With this purpose, in this review we cover the following highlights:

Is AxiTrader safe or a scam?

Voted timelessly for its trustworthiness, AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority (UK) and by the Australian Securities & Investments Commission. Since over-the-counter derivatives carry significant risks traders should be assured they’re dealing with a transparent provider, which can be provided only by the regulated broker.

AxiTrader entity Regulation and License
AxiCorp Financial Services Pty Ltd Is authorized by ASIC (Australia) registration no. ACN 127 606 348 AFSL 318232
AxiCorp Limited Is authorized by FCA (UK) registration no. 509746

In this case, client’s funds are safely kept in segregated accounts with top-tier banks and secured by the compensation schemes. As well as all online transactions, executions or traders manipulations are fully encrypted and following operational guidelines.

AxiTrader Trading Platforms

AxiTrader mainstays at the technical solution through a platform – MetaTrader 4, presented in a Web, Android, iPhone and iPad versions. Good to note, that not all MT4 platforms created equal, as the broker may invest into a co-located server and fiber optics, in order to process more accurate trading or not.

Since MT4 is a well-known and powerful enough platform with a broad array of available tools, AxiTrader’s users enjoy access to automated trading performed via EAs, enhanced connectivity with a range of extensions, trading signals with allowance to share your strategies too. As well, you can strengthen your strategies by Authochartist, as an AxiTrader client getting free access to flexible charts by the sophisticated tool – PsyQuotation.

For professional traders, the company offers to use Next Generation of MT4 – MT4NexGen. The platform filled up with better and proved features, which makes trading even better and including sentiment indicators, correlation trader, alarm manager, automated trade journals and many more. This platform is available free of charge for the clients who open a live account with the minimum deposit of 1,000$.

The ones who hold multiple accounts the integrated software tool Multi Account Manager (MAM) is the great and available solution, which lets placing of large orders in bulk with speed and no limitation.

From one MT4 terminal client can access the full range of widely presented by the company trading options, including Forex, Commodities as well CFDs and Indices, Bitcoin or Cryptocurrencies also can be traded the same way as major currencies. Overall, the broker covers the most demanding markets to trade, also UK residents can benefit from the Spread Bet option.

AxiTrader Fees

Opening an account with AxiTrader is an uncomplicated process, while account types are divided into two main ones – MT4 Standard Account and MT4 Pro Account. The difference between them features particular needs of a trader, while Standard account fees are built into the spreads, which starting at from 1 pips, and 0 pips at Pro Account along with committeemen to 7$ commission per round.

At the first stage and as a new to the trading, you also can open free 30-day trial Demo account with a virtual cash balance of £50,000 to practice skills and touch a trading process in a “real”.

With AxiTrader you’ll be able to keep your trading costs quite low, as the broker shows market-competitive spreads across a wide range of currencies, commodities and indices (see a table with average spreads for the standard account). During liquid times the spreads may go as low as 0.0 pips, and broker truly adheres to ensure costs at the most competitive available.

Asset/ Pair AxiTrader Average Spread Standard Acc.
EUR/USD 1.24
Crude Oil WTI 0.05
Gold 26.82
BTC/USD 50

Another cost you should consider while trading is Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments. Typically, AxiTrader will charge Swap Fees on a Long Position and pay Swap Fees on Short Positions. Yet, the traders that follow Muslim Sharia rules are entitled to open a Swap Free Account that is not subject to Swap Fees on FX Major, FX Minor and Precious Metals Symbols.

AxiTrader Leverage

Leverage is a quite known instrument, which obviously multiplies the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. However, always note that high leverage can work in reverse too.

AxiTrader as a regulated broker in various jurisdictions complies to provide different trading conditions according to what regulatory obligations set. The Australian clients of international traders that holding with ASIC regulated AxiTrader account are entitled to enjoy high leverage up to 1:400. However, those traders that are operated under the European FCA regulation can use limited Leverage to a maximum of 1:30 on Forex instruments. These updated took place quite recently and are obligatory for the authorized broker, yet you as a trader may choose under which entity to open an account and therefore, have an option which leverage level to use.

AxiTrader Methods of Payment

AxiTrader account can be funded by several options including Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY. Also, there are selected companies with whom company allows broker-to-broker transfers, so you can either transfer your account from another brokerage to AxiTrader. As a client, you may also enjoy the possibility to have account base currency in GBP, USD, EUR, CHF or PLN and deposit funds in those major currencies as well.

AxiTrader’s has no minimum deposit requirements, you are free to deposit any amount.

All requests are processed through the secured client payment portal. Additionally, a pleasant complement from the broker to the trader benefit is that been recently changed, AxiTrader covers all fees usually charged by the banks or processors either fees for withdrawals of deposits (usually a saving of 0.5% – 2.89%). Please be aware that your bank may charge you a receiving fee for any international payment upon your withdrawal transaction, and this fee will be incurred by you.

Conclusion on AxiTrader

Overall we found the main Axi offering that adheres to access online trading world with ease for the fresh graduates, as well sophisticated enough solution for experienced ones. A truly comprehensive range of tools, at the AxiTrader’s mainstay MetaTrader 4 brings a very competitive technical solution to trade through market making execution. As for the important question about margins, Axi offers access to flexible leverage options, that of course imply more risks but bringing a potential advantage too, the choice remains yours. In addition, the broker is a popular choice among Australian traders and worldwide investors that were convinced about the Australian service providing.

At last certainly, Axi Trader support service has to be highlighted along with the educational solutions offered to their clients. Since constant education and development is a primary tool for successful trading, traders of any level can find extensive materials to learn from the broker’s material hub.

AxiTrader Review

AxiTrader Review

AxiTrader information

  • Website: www.axitrader.com, www.axitraderfx.com, www.axitrfx.com, www.wh004.yunheng.ren/en/
  • Owner: Anonyme.
  • Address: N/A
  • Email: [email protected]
  • Warning:FCA(UK) has issued a public warning against this broker.

Scammed ? Get Your Money Back.

If you are on this page it’s that you are victims of AxiTrader. You are surely unable to withdraw your money, it’s the most common scam of fraudulent brokers. We can help you get your money back, this is the best legal current solution if your bank doesn’t want to help you.

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AxiTrader regulation.

A broker must pay for regulated licenses to be able to offer trading. AxiTrader doesn’t pay for licenses but it does offer trading which is prohibited by law.

Your money isn’t safe with AxiTrader.

To be able to offer trading, you must buy a regulatory license from a country where you want to settle. If you offer trading without licenses, you don’t respect the laws and become a fraudulent broker. Brokers who don’t have regulated licenses like AxiTrader will not give you your money back because they are outlaws.

It uses the license of an authorized company.

Many brokers pretend that they have a license when they don’t have one. It uses the name of a company that owns one and pretends that it belongs to them. In general, it uses a similar regulated company name for users to be tricked.

Public warning against this broker.

The FCA has issued a public warning against AxiTrader. That is to say that he has offered trading in a country where he doesn’t have a regulated license. A broker who receives a public warning is 99% a scam.

Never trust the broker.

It’s essential to always check the licenses of a broker because fraudulent brokers lie to make you deposit the maximum amount of money. If you unfortunately deposit your money and are asked to pay a fee to withdraw your money, don’t do it because you will give them even more money.

Get a chargeback now.

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Our Verdict.

AxiTrader is a scam that doesn’t have regulated licenses. We advise you to avoid this broker if you don’t want to have a problem. If you have been a victim of this broker, don’t hesitate to leave us a comment to report this broker and avoid other people from being victims.

AxiTrader Review

Read this AxiTrader review before opening your account. Is this a Scam or Reliable Forex Broker? Find out more with AtoZ Markets Forex broker review of World markets.

Axitrader is an Australian-owned broker, regulated by ASIC, DFSA & FCA. Its head office has a registered address in 90 Arthur St, North Sydney, NSW, 2060, Australia.

We have brought out an extensive review of this company and found it legit and recommendable. This broker provides maximum flexibility on deposit requirements for all traders.

Overview

At AtoZMarkets.com, we have a readers-first policy. Thus, we always put our readers’ safety as a priority in our business line. We will never satisfy ourselves with Brokers’ public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly!

For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography, and reputation. The very same standards apply in the case of this world markets broker review. Please go through this article on how we conduct our broker reviews.

Company

Established in 2007, AxiTrader is a recognized and trusted broker with its head office located in Sydney, Australia. It quickly made a name for itself and gained an international presence. The broker launched the UK headquarters in 2020. AxiTrader is recognized by many investors for its product market coverage and the tools offered to assist clients with the implementation of their trading strategies. Moreover, the broker doesn’t distract the customer with lots of account types and unnecessary frills.

AxiTrader is a MetaTrader-broker that offers to trade with 80 currency pairs and 65 CFDs on commodities, metal, indices, and cryptocurrencies. AxiTrader has a premium MT4 NextGen add-on package for clients. Moreover, it also provides several social-copy trading platforms and tools.

AxiTrader also extends to fees and spreads, with no fees on deposit or withdrawal. Additionally, the spreads of all AxiTrader account types are competitive in the industry. Therefore, its clients are satisfied with a simple and transparent trading environment. People of any experience level can get an accessible customer support team from it. Moreover, this broker offers deep leverage options and the ability to use some useful third-party trading applications.

  • Premium MT4 NextGen add-on package
  • Regulated by FCA and ASIC
  • Low trading fees and no inactivity or account closure fee
  • No deposit and withdrawal fees
  • No minimum deposit requirement
  • Doesn’t provides MT5 trading platform
  • Customer Support only on weekdays

Trust

AxiTrader is an average-risk broker as it does not publicly trade and does not operate a bank. AxiTrader is regulated by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) & Financial Conduct Authority (FCA). Traders can avail securities of their fund as per the guidelines set by the regulating authority.

Other than the regulations, AxiTraders* also takes care of the client’s funds. The broker wins prestigious awards from FX media websites such as Most Reliable Forex Broker 2020 from AtoZForex.com (now AtoZMarkets.com). Later, AxiTrader holds the winner title as Most Trusted Forex Broker in the UK Forex Award.

Furthermore, AxiTrader has taken out Client Money Insurance on behalf of its clients of AxiTrader Limited. Per AxiTrader Limited’s website, every individual retail client is insured up to US$1,000,000*.

* Please read the terms and conditions

Trading Platform

AxiTrader is a MetaTrader broker. This means it offers products from MetaQuotes Software Corporation, developers of the popular Meta Trader platforms.

MetaTrader 4 comes with a standard that differs from broker to broker. On the surface of the platform, there can be notable differences in spreads and commissions, execution methods, and other tools and administrative areas that can affect your trading experience.

AxiTrader MT4

MT4 is a widely accepted forex trading platform that is used by most of the retail forex traders. It has a unique feature that helps the trader to operate with flexibility. Moreover, there are many integrated features for the traders to build their own EA’s

Here is a summary of the AxiTrader’s MT4 platform:

  • Premium MT4 NextGen add-on package
  • Integrated news for all of the available instruments
  • Supports demo trading options.
  • Available in Windows, MAC, IOS & Android.
  • Web trading platform.
  • Features of copy trading and social trading.
  • Built-in 51 indicators.
  • 31 drawing tools for market analysis.
  • One-click trading.

Mobile Trading Platform

Since AxiTrader is a MetaTrader-only broker, Android & IOS of the MT4 app are available for download from the Play store & app store respectively. Traders can monitor their trade and take entries immediately with mobile devices.

It is a great app that has many indicators and tools that are available on the desktop version. Moreover, the integrated news service is also available in the mobile version of MT4.

Account Types

AxiTrader offers two different accounts: Standard and Pro. The main difference between the two account types is the commission charges. Moreover, there are some differences between the account types.

  • The spread of the standard account type starts from 1.0 pips with no commission.
  • The spread of Pro account starts from 0.0 pips with $7 round trip commission charge.
  • No minimum deposit is required for each account type.
  • Maximum leverage for both account types is up to 1:400

Get Extra Value With AxiTrader

  • Get access to the advanced trade analysis tool: PsyQuation Premium
  • Join the accredited (CISI) trading courses from Knightsbridge Trading Academy, this course is valued at up to $2,750*
  • Add convenient trading tools to your trader’s arsenal and make better trading decisions
  • Gain access to Virtual Private Servers and ensure your trades will not get interrupted

* Please read the terms and conditions

Customer Support

The customer service of Axitrader is available 24 hours a day, Monday to Friday. Traders can call them free from certain countries with some specific phone numbers available on their website.

Traders can use the live chat option to get any instant support. The international phone no. and email address is as follows.

Phone No: +61 2 9965 5830
Email: [email protected]

Additionally, AxiTrader has exclusive education materials. The broker has a Facebook closed group where they work with market analysts to share insights and materials. Join AxiTrader’s Facebook group now for all the market insights from professional market analysts.

Regulation

AxiTrader maintains regulation with the UK’s FCA under its London- based entity, AxiCorp Limited, ASIC in Australia under AxiCorp Financial Services Pty Ltd and the Dubai Financial Services Authority (DFSA) under AxiCorp Financials Services Pty Ltd, which is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC), in Dubai, UAE. AxiTrader is also registered in Saint Vincent and the Grenadines by the Financial Services Authority under AxiTrader Limited.

Conclusion

AxiTrader offers competitive pricing on its PRO account, with low spreads and round-turn commission per trade. It does not require any minimum deposit as well.

The firm’s in-house and outside research tools, including AutoChartist are provided with the MT4 NextGen package that helps traders to differentiate it from other MT4 brokers.

However, the number of tradable pairs was reduced in 2020. AxiTrader still caters to a broad range of traders through its FCA regulation in the UK.

At last, we can say that AxiTrader is a reliable forex broker. However, we always recommend you to do your own research before opening an account with the broker.

FCA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ASIC: CFDs and Margin FX are leveraged products that carry a high level of risk to your capital. Trading is not suitable for everyone and may result in you losing substantially more than your initial investment. You do not own, or have any rights to, the underlying assets. You should only trade with money you can afford to lose.

Reviewed By

Our Broker Review methodology

Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. Vetted by multiple industry experts – including a financial research firm with more than 20 years of experience in broker ratings – Our Broker Ratings and Reviews embody industry best practices for research design.

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