AxiTrader

Everything about AxiTrader seems exquisite and up to industry standards. The website is optimized and it’s very easy to navigate through it. Does AxiTrader stand out as a broker though? Read on to find out.

AxiTrader has two subsidiaries in operation.

AxiTrader UK is a trading name of AxiCorp Limited. Since it’s based in the UK, the job of regulating and overseeing its operations falls on the shoulders of one of the best in the business: the FCA. The FCA enforces strict financial, investment and industry standards all the while working within the confines of the law. Not only that, but those traders under the watchful gaze of the FCA are eligible for a compensation of up to £85 000, as issued by the Financial Service Compensation Scheme (FSCS).

AxiCorp Financial Services Pty Ltd or as it’s know by the business name AxiTrader is the proud holder of an Australian Financial Services License as issued by Australia’s answer to the FCA, ASIC. ASIC endeavors to promote a safe and informed trader participation within the world of online market by working side by side with the law. ASIC does not extend its influence far enough to provide a compensation fund, yet those under its regulation are free to grant higher leverages since ESMA has no authority in Australia.

The average spread with the Standard Account for EUR/USD is 1.3 pips. With the Pro Account it’s 0.1-0.2 pips, without the commission. The leverage in the UK and EU is limited to 1:30. Those outside it can take advantage of a much larger leverage of 1:400.

At AxiTrader you can trade with the following instruments: currency pairs, commodities (metals, gold, silver), oil and indices. It’s a let down that they don't offer any shares or cryptocurrencies.

Get full access the AxiTrader in the following languages: English, Arabic, Chinese, Dutch, Spanish, Hungarian, Indonesian, Italian, Polish, Russian, Hindi, Vietnamese.

AXITRADER LOGIN

AxiTrader keeps it simple and classic with Metatrader 4, but includes a new PsyQuation Premium terminal that changes things up a bit.

METATRADER 4

MetaTrader 4 is by far the most popular trading platform out there, making it the number one choice for trading. MT4 encompasses a to-the-point look and feel without sacrificing any accessibility. With MT4 you can set automated bots to trade instead of you so that you can indulge in other activities while profit is made (or lost). MT4 also comes with over 50 customizable trading indicators, trading from the charts, one-click trading and many more pros. The platform also allows for VPS’s hosted by AxiTrader. The point of the VPS is to let the auto trading bots trade, without worrying that his job will not be interrupted by a power failure or net crash.

AxiTrader adds a staggering amount of very helpful tools and extensions that will greatly improve your MT4 experience. Some of the most prolific are: Autochartist that scans the market continuously and alerts traders once an opportunity presents itself, and the Multi Account Manager that lets traders copy orders from one master account on an unlimited number of accounts.

The leverage for non-EU/UK can reach up to 1:400, while those limited by ESMA are subject to a maximum leverage of 1:30. The average spread with the Standard Account for EUR/USD is 1.3 pips, while using the Pro Account traders should expect 0.1-0.2 pips (without commission).

Pro Account holders will be commissioned $3.5 (per side) for 1 standard lot, which shifts the spread of 0.1-.0.2 pips to an actual minimum spread of 0.8-0.9 pips.

Give MT4 a go for PC, Mac, Apple/Android devices. There is no web based trader.

PSYQUATION PREMIUM

Without getting into too much details, we claim that this platform is quite impressive. It uses sophisticated algorithms to better your chances at trading, while also analyzing your own trading history to suggestions for improvement. Not to mention it comes stuffed with tools and options for all traders to indulge in. Last but not least, it’s also extremely user friendly but encompasses a slick and aesthetic design.

The leverage for non-EU/UK can reach up to 1:400, while those limited by ESMA are subject to a maximum leverage of 1:30. The average spread with the Standard Account for EUR/USD is 1.3 pips, while using the Pro Account traders should expect 0.1-0.2 pips without the imposed fees.

Pro Account holders will be commissioned $3.5 (per side) for 1 standard lot, which shifts the spread of 0.1-.0.2 pips to an actual minimum spread of 0.8-0.9 pips.

PsyQuation Premium can be used on phones, on a web browser, and as a stand alone desktop version.

AXITRADER MINIMUM DEPOSIT

There is no minimum deposit, but the broker advises traders to deposit at least $200 if they are to take trading seriously.

The payment methods are: 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, Bank Transfer, Broker to Broker Transfer.

The base currencies are: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD.

The time to fund an account takes up to 1-3 days for Broker to Broker Transfer, Bank Transfer (3-5 days on occasions), China Union Pay and Global Collect. All other methods should take a maximum of 15 minutes.

There are no fees attached to deposits.

AXITRADER WITHDRAWAL TIME AND FEES

The FCA gives its word that a withdrawals are safe and smooth as they can be.

The withdrawal methods are as follows: Neteller, Skrill/Moneybookers, Global Collect, BPAY, China Union Pay, Bank Transfer.

There is a slight confusion about withdrawal times, because two pieces of information are in complete contradiction with one another:

The snippet on the right was taken from the official AxiTrade Product Schedule. As you can see, we are left to speculate. Yet, process times are on average between 3-5 days; anymore than that and our advice is to contact customer support.

There are no commissions for withdrawals issued by the broker. However, individual payment systems may tax you for transactions.

If a request is less than $20, banks will not provide international withdrawal payments. For local or using other methods the minimum amount for withdrawal is non-existent.

BOTTOM LINE

AxiTrader builds a solid foundation for traders to prosper in, and makes some compromises that fertilize their grounds even more. There are no nuisances, nor any major problems.
With two solid regulators working back to back, AxiTrader is a great place to start or continue trading.