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AxiTrader Review – Are they a Safe FX Broker? What We Found Out



Read our long form review here:

Axitrader is a CFD broker that is based in Australia and has been around since 2007. They also have an office in the UK and take clients from all around the world.

Axitrader is fully regulated by both Australia’s ASIC and the UK’s FCA. This means that they can take clients from these regions and they are protected.

They can’t take clients from the US.

Maximum leverage at AxiTrader is up to 400:1 which will vary according to the asset and account in question.

AxiTrader also has pretty reasonable fees. They are as close to zero as can be when you are trading on the pro account. However, on the pro account you will have to pay a lot commission of $7.

There will also be a swap fee that is applied although there are no deposit / withdrawal fees.

There is also a 30 day no obligation demo account at AxiTrader that is free to use. This will help you refine your trading algorithms.

Assets at AxiTrader include Commodities, Precious Metals, Indices and cryptocurrencies. They do not have any single stock CFDs.

Axi has pretty extensive range of customer support options and they can be reached 24/7 via phone, email and live chat.

AxiTrader uses the widely known MT4 trading software. This is quite advanced and works well for both technical analysis studies as well as developing your own EAs or trading algorithms.

MT4 is also available in iOS and Android for you to trade on the go.

AxiTrader has also included the autochartist software into their product suite. This will give you all the information on important set ups and trade opportunities.

They also have support for third party plugins an which include the likes of Duplitrade, Tradency, Zulutrade and PsyQuation. You can read more about these in our full-length review.

They also have handy educational guides and resources. While these are a nice add on, I found them to be pretty basic with some material that was outdated.

There are also a number of VPS deals that AxiTrader have included as part of their offering to their traders.

In conclusion, they seem to be a well regarded and fully regulated broker. They have pretty tight spreads with a reasonable asset coverage. While their lack of single stock CFDs and limited range of crypto assets may annoy some, their attractive leverage levels could make up for it.

If you are trading with Axi, make sure that you are practicing the right risk management. CFD products are known for being risky.

Disclaimer:
This is for informational purposes only. Coin Bureau does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. Rates and terms set on third-party websites are subject to change without notice.

Source: Coin Bureau

6 Responses

  1. Bit of a pointless overview. Why not put this broker through it's paces on a live account by testing server latency, execution time, slippage and spreads throughout the day etc? Maybe also compare swap rates against other brokers?

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