AxiTrader Review

Up to 400:1
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Company Information Axitrader is an Australian online forex trading broker who started its service in 2008. The company owning the platform is AxiCorp Financial Services Pty Ltd, which has been… more

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Website URL
HeadquartersLondon, United Kingdom
Support Number0800 612 7070 (toll free in the U.K.)
Support TypesPhone, Live Chat, E-mail, Call Back
LanguagesEnglish, Arabic, Chinese, German, Russian, Spanish
Minimum 1st DepositNo
Minimum Trade Amount0.01 lots
Bonus$100 Cash back and $400 refer a friend
PayoutUp to 400:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority
Account TypesStandard, PRO
Deposit MethodsVISA, MasterCard, MasterCard Debit Card, VISA Delta, Maestro, JCB, Wire Transfer to NatWest, MasterPass
Withdrawal MethodsVISA, MasterCard, MasterCard Debit Card, VISA Delta, Maestro, JCB, Wire Transfer to NatWest, MasterPass
Types of AssetsCFDs, Forex, Metals
Account CurrencyUSD, GBP, EUR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Axitrader is an Australian online forex trading broker who started its service in 2008. The company owning the platform is AxiCorp Financial Services Pty Ltd, which has been in the financial services industry since 2001. The company’s headquarters are located in Sidney, Australia. They also have offices in London, Riyadh, Chisinau, and Jeddah. The company prides itself on offering some of the best trading tools and features for clients all over the world. With its 24 hour service and fast execution Axis trade is one of the few brokers that accept US clients (through its subsidiary Axitrader USA). This is a genuine online broker that offers very competitive spreads and excellent leverage conditions. With great attention to security and user experience, this broker is one of the few that constantly offers innovative features and upgrades its platform. Let’s see what this great online trading broker has to offer.


Trading Information

Axitrader offers three types of accounts. The first one is their Standard account which requires a $200 minimum deposit. This account will offer you all the needed trading instruments and features. The second type is their Pro ECN account that requires a $1000 minimum deposit. The PRO account will give you better spreads and some additional features like expert advisors. The third and final account is their Institutional one. It can be used only by forex brokers, banks, and money managers. Spreads are variable and can go as low as 0.1 pips for their Pro account. Leverages go from 1:400 for Forex trading to 1:100 for Gold&Silver, oil, futures, CFD’s and indices. The minimum order volume is 0.01 lots. Scalping and hedging are permitted. A total of 36 currency pairs is available with 15 of them exotic. Typical spreads for majors is 1.8 pips EUR/USD and go as low as 0.6 pips (their Pro account give you a typical spread of 0.5 pips and a minimum of 0.1 pips). Automated trading, one-click trading, and trailing stop order are available, as well as email and mobile alerts.


Trading Platforms

Axitrader has been long enough in the trading industry to know that they need a sturdy trading platform to rely on. The ever popular Metatrader4 platform is here to offer all the need tools and features that a modern trader needs. Yes, it does require an installation, but it is available for both Windows and MAC users. The MT4 Nextgen platform is available only to users with a $1000 minimum deposit. Compared to the ordinary MT4 this one will offer you some advanced management tools, enhanced ordering, and sentiment trading. People who are away from their desktop computers will be glad to know that MT4 is available for Android and IOS devices. Last but not least the MT4 Multi Account Manager will help you in case you need to operate with several accounts simultaneously. This tool is only available to regulated operators.


Security and Customer Services

Axitrader is well aware of the fact that security is most important, especially today when most transactions are dealt with online. Their site offers an SSL encryption which ensures the safety of your personal data during registration and transactions. They also offer the feature of segregated accounts where your funds will be deposited in top tier banks. As far as customer support is concerned Axitrader has done very well to meet all the modern requirements. Their site is translated into six languages, and the customer support can be contacted using every one of them. There are many ways you can get in touch with a company’s representative: by phone, email, Live Chat, Skype or filling their online web form. Customer support services are 24/5 and response times are very quick (immediate to up to 24 hours). The educational center that Axitrader offers is great with lots of analysis and charts useful to both beginner and expert traders.


Deposits and Withdraws

Depositing funds into your Axitrader account is very easy with plenty of depositing methods made available. The usual credit and debit cards are accepted along with bank wire. There are a few digital wallets like Skrill and NETELLER that you can also use. Some of the methods like BPAY are only available in Australia. You can open an account in most major currencies famous around the world (EUR, USD, GBP, etc.). Unlike most online brokers here you’ll encounter deposit fees on every banking method. These fees go from 0.9% to Australia to 3.2% for others. The good thing about the fee is that it’s only for your 1st deposit. Withdrawals can be made using the method you deposited the money. There are no withdrawal fees for Australian banks, but there are $15-$25 fees for international withdrawals. Processing times are quick with an estimate of 24 hours to 5-10 business days.


Deposit Bonus and Loyalty Programs

It’s a bit surprising that while browsing Axitrader I couldn’t find any promotional offers. It’s either there aren’t any for the time of the writing of this review, or they are just missing. There is information that there were bonuses before but for now, Axitrader has decided that they could do without them. The least they can do is to implement a referral program in the future.

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