AxiTrader Review 2022 - Is it Safe?

About AxiTrader and its Regulation

AxiTrader began as an Australia-based forex broker service in 2007. The Financial Conduct Authority and the Australian Securities and Investments Commission are the primary regulators.

AxiTrader is governed by the Dubai Financial Services Authority, a global financial authority. AxiTrader is widely regarded as a secure broker because it is heavily regulated. The broker will comply with several top-tier authorities by 2020.

AxiTrader officially announced the rebranding of its company from AxiTrader to Axi in October 2020. The platform's trader communities will be rebranded accordingly. With this announcement, AxiTrader UK – the trusted regulated forex brokers UK entity also announced a one-year sponsorship of Manchester City FC, a British football team, which is expected to drive brand awareness in mainstream media while also increasing its popularity.

On the technical side, AxiTrader is the official trading name of the company – AxiTrader LTD. As a broker, AxiTrader is a company that is supposedly regulated and authorized by the Financial Services Authority of St. Vincent and the Grenadines region.

The AxiTrader LTD company is a wholly-owned subsidiary of Australia-based AxiCorp Financial Services Pty LTD, and the AxiTrader review discovered that AxiCorp Financial Services Pty LTD's derivatives issuer license was suspended in July 2019 by New Zealand's Financial Markets Authority. The company was charged with four counts of brokerage violations under the Financial Conduct Act 2013.

According to the regulator, AxiCorp Financial Services Pty LTD lacked some proper procedures and resources, so its license will be suspended until the broker corrects the violations. The Australian Securities and Investments Commission also revoked AxiCorp's license in January 2020 for failing to meet regulatory requirements.

This regulatory suspension, however, does not affect AxiTrader LTD's international clients. Both entities are distinct and fall under separate jurisdictions. As a result, AxiCorp LTD, which operates AxiTrader, has not had its license suspended. It continues to be fully compliant with all of the designated regulators. While these issues fall under its corporate umbrella, AxiTrader continues to operate as a legitimate broker, increasing its market share around the world with each passing year.

Is AxiTrader a global company？

Yes, Axitrader is international, as it is available in over 193 countries.

Axitrader is a global trading platform because it operates in 193 countries across Europe, Asia, Oceania, and Africa.

Axitrader's major markets include the United Kingdom, Germany, Australia, South Africa, Thailand, and China.

Axitrader has over 10,000 registered users.

AxiTrader Awards Received

Over the 15 years that Axitrader has been in business as a financial broker, they have won numerous industry awards.

• The most notable awards and mentions for Axitrader are listed below.

• Best MT4 Provider and Most Trusted Forex Broker in the UK Forex Awards 2018

• Compare Forex Brokers Australia 2018 Best MT4 Broker

• AtoZForex is the most dependable Forex broker in 2017.

• 2017 Australian FX Reports the Highest Overall Client Satisfaction

Markets Instruments you can trade on AxiTrader

AxiTrader is one of the best forex brokers in Australia, offering services for over 70 currency pairs. This provides the broker with extensive coverage in the forex trading market. There are also a plethora of exotic and minor currencies available for trading on the platform.

The broker provides services for both hard and soft commodities, as well as 31 equity CFDs and 6 cryptocurrency CFDs. This broker's asset selection is quite limited, making proper cross-asset diversification impossible.

What trading markets can be traded in AxiTrader compared to the Forex Brokers.

Name of the Broker	AxiTrader	eToro	IC Markets	AvaTrade
Instruments Available	100	2000	232	1250
Platforms	MT4, Mac, ZuluTrade, WebTrader, Tablet & Mobile Apps	WebTrader, Tablet & Mobile Apps	MT4, MT5, MirrorTrader, ZuluTrade, WebTrader, cTrader, Mac	WebTrader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5
FX / Currencies
Forex Pairs Offered	100	50	65	55
Major Forex Pairs	Yes	Yes	Yes	Yes
Minor Forex Pairs	Yes	Yes	Yes	Yes
Exotic Forex Pairs	Yes	Yes	Yes	Yes
Cryptocurrencies
Commodity CFDs
Commodities Offered	20	31	19	17
Metals	Yes	Yes	Yes	Yes
Energies	Yes	Yes	Yes	Yes
Agricultural	Yes	Yes	Yes	Yes
Indiced & Stock CFDs
Stock Offered	1000	2042	110	1000
UK Shares	Yes	Yes	Yes	Yes
US Shares	Yes	Yes	Yes	Yes
German Shares	Yes	Yes	Yes	Yes
Japanese Shares	Yes	Yes	Yes	Yes
Risk Warning	Losses can exceed deposits	67% of retail investor accounts lose money when trading CFDs with this provider	Losses can exceed deposits	71% of retail investor accounts lose money when trading CFDs with this provider

Types of Accounts

AxiTrader clients can choose between two account types. Also, there is 2 more account facility for users.

Standard Account:

The Standard account has wider spreads and no commission charges.

The spread in the AxiTrader Standard Account is slightly higher than in the Pro Account. Similarly, the Pro Account's trading conditions outperform those of the Standard Account. Meanwhile, the Standard account spreads in the EUR/USD currency pair start at 0.4 pips and remain commission-free throughout, with leverage up to 500:1.

The broker treats all of its clients fairly. There is no up-selling on the platform, owing to the platform's decision to abandon the practice of offering better trading conditions and larger deposits. AxiTrader embraces this trend, which is widely used in the industry.

Pro Account:

The Pro account offers raw spreads but also charges commissions.

The AxiTrader spreads offered by this broker vary based on these trader accounts. The Pro Account's spreads begin at 0.0 pips on the EUR/USD currency pair, and its raw spreads are priced at US$7 round trip, with flexible leverage up to 500:1. As a result, the account charges a very low commission for its raw spreads. Forex traders who actively trade on AxiTrader can greatly benefit from such a trading environment. Australia may be the only jurisdiction where the regulators have not limited this broker's leverage.

Account Demo

AxiTrader provides a 30-day trial period.

This practice dispels the myth that new accounts lose money when trading forex.

Islamic Account

Due to religious beliefs, Axi provides a trading account for Islamic traders.

There are no swap fees or interest payments with Islamic trading accounts.

AxiTrader	Standard Account	Pro Account
Commission	From 0.4 pips	From 0.0 pips
Minimum Lot	None	$7 round trip (USD)
Minimum Deposit	$0	$0
Tradable Instruments	140+ FX Pairs, Metals CFDs	140+ FX Pairs, Metals CFDs
Mobile Trading	Yes	Yes
MT4 NextGen	Yes	Yes
Maximum Leverage	Up to 500:1	Up to 500:1
Base Currencies	AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD	AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Demo Period	30 Days	30 Days
AutoChartist	Free	Free
myFxBook Autotrade	Free	Free
PsyQuotation	Free	Free
PsuQuotation Premium	Free	Free

AxiTrader Fees

• The withdrawal fees for Axitrader vary depending on the payment method.

• Inactive accounts are not charged a fee by Axitrader.

• Deposit fees are levied by Axitrader.

Brokers provide cutting-edge online trading platforms, mobile trading apps, financial research tools, and educational materials. To maintain these services and earn revenue as a company, a brokerage must maintain these services. Brokers may charge clients a variety of trading fees, which you should be aware of because they may affect your bottom line.

AxiTrader Fees Compare from other Forex Brokers

Comparison from other Brokers

BROKER NAME	AxiTrader	Etoro	IC Markets	AvaTrade
Min Deposit	0	10	200	100
Withdrawal Fees	Varies	Yes	No	No
Inactivity	No	Yes	No	No
Deposit Fees	Varies	No	Varies	No
CFD Commission Fees	Yes	Yes	Yes	No

Fees

The difference between AxiTrader pricing focuses on a trader's specific needs, whereas Standard account fees are built into the spreads, which start at 1 pip and 0 pips at Pro Account, with committeemen ranging from $7 to $7 per round.

Another cost to consider when trading is the Swap Fee, which is an adjustment based on the relative difference in interest rates or yields on the underlying instruments.

AxiTrader will typically charge Swap Fees on Long Positions and pay Swap Fees on Short Positions.

Spreads

The spreads at AxiTraders are average and low. With AxiTrader, you can keep your trading costs low because the broker offers market-competitive spreads on a wide range of currencies, commodities, and indices. During liquid times, spreads can be as low as 0.0 pips, and the broker works hard to keep costs as low as possible.

Leverage

Leverage is a well-known instrument that multiplies the initial capital with which you trade and can be a very useful tool to magnify your potential gains, but only if used correctly. However, keep in mind that high leverage can also work in reverse.

AxiTrader, as a regulated broker in various jurisdictions, complies with regulatory obligations to provide different trading conditions. Australian clients of international traders who have an ASIC-regulated AxiTrader account have access to a high leverage of up to 1:400.

Those traders who operate under European FCA regulation, on the other hand, can use limited leverage up to a maximum of 1:30 on Forex instruments. These updates occurred relatively recently and are mandatory for authorized brokers; however, you as a trader may choose under which entity to open an account and thus have a choice as to which leverage level to use.

AxiTrader Trading Platforms

For its trading services, AxiTrader provides an end-to-end solution.

AxiTrader's technology suite includes the MetaTrader 4 trading platform, its web app version, Myfxbook, and a few other APIs. All operating systems, including Windows, Mac, Android, and iOS, are supported by the trading platforms.

MetaTrader 4 WebTrader is compatible with all web browsers.

AxiTrader platforms do not require upgrades because the service provides the most powerful versions. Its dominant trading platform is MetaTrader 4, and this standard approach helps it attract retail traders.

AxiTrader's technology infrastructure is built with advanced trading tools.

They offer full support for the automated trading experience. They perform feature and user capability backtesting and support thousands of registered third-party plugins. AxiTrader does not favor one platform over another, making it completely unbiased.

MetaTrader 4 (MT4)

MetaTrader 4, abbreviated as MT4, is a digital trading platform that aids online retail forex traders in the execution of their trades. MetaQuotes Software created the MT4 platform in 2005, and it is licensed by forex broker AxiTrader.

It enables users to take advantage of the software's benefits when running the server component and client features. The client software monitors the live streaming prices of forex currency pairs and displays trend charts for those pairs. It recommends insights to its users to place orders and manage their investments.

MT4 (WebTrader)

It is a fully functional MT4 platform web application. The MT4 WebTrader removes the need to use the platform's desktop application by allowing you to run the same software in your web browser.

The MT4 WebTrader is ideal for getting a quick visual overview of the markets, studying the charts, and monitoring existing trades. This web app's full module includes dozens of indicators that serve as drawing tools to round out the order management functionality.

In terms of functionality and mobility, MT4 WebTrader is an excellent replacement for the traditional MT4 application.

The MT4 WebTrader is ideal for accessing a trading account while on the go thanks to its custom scripts.

The feature ensures that no trader accounts lose money when trading from their mobile devices or web browsers.

Myfxbook Autotrade

Myfxbook Autotrade, as a third-party application, includes the technology to allow AxiTrader clients to run their auto trading tasks. It is a fully automated online analytics tool that connects a forex trading account with its tools and plugins.

It can help users build an online investment portfolio, organize trading accounts, and monitor these accounts through a unified interface. Traders can use its innovative tools that run statistical analysis to automatically check the data. It also enables them to monitor their trading performance through third-party audits.

The platforms and tools mentioned above assist AxiTrader users in staying ahead of the competition.

These tools provide reliable forex quotes through their accurate market indicators, which range from an economic events calendar to real-time market news analysis.

AxiTrader's facilitation of these platforms, as well as the rights reserved for them, make it a key recommendation in the trading community.

Implementing any trading strategy without these tools may render it ineffective.

Because the use of these applications is appropriate for specific circumstances, AxiTrader clients must determine their suitability for their needs.

AxiTrader Pro & Cons

Pros	Cons
Low Trading Fees	Limited to Forex and CFD Trading
No Dormand Fees	Finite Market Research Plugins
Zero Changes on Withdrawals & Deposits	Email-only Customer Support
No Minimum Deposit Requirement	Prolonged Response Time
Digital-only Account Opening	Reachable for Only 5 Days a Week
Multiple User Support
Web-based Mobility

Payment Methods

AxiTrader's Payment Method Available Compare to Other Brokers

Broker Name	AxiTrader	eToro	IC Markets	AvaTrade
Bank Transfer	Yes	Yes	Yes	Yes
Credit Card	Yes	Yes	Yes	Yes
Paypal	No	Yes	Yes	Yes
Skrill	No	Yes	No	Yes
Payoneer	Yes	Yes	Yes	Yes
Neteller	Yes	Yes	Yes	Yes

AxiTrader Customer Support

AxiTrader provides customer service seven days a week, 24 hours a day, seven days a week. Email is the primary means of communication between traders and the trading platform. It does, however, have a toll-free number where traders can register their inquiries.

Emails and phone calls typically take a long time to be returned.

Traders who want to request a call-back may have difficulty reaching out to off-shore customer support teams. It is simple to connect and receive immediate assistance by using the live chat feature. AxiTrader representatives are available via live chat to help traders with their most pressing concerns.

A live chat can also cover some training topics in which an expert answers and satisfies the questions. Aside from the live chat feature, a FAQ section educates clients and improves their trading experience.

Most of the time, the need to contact customer support arises when an AxiTrader user encounters minor difficulties in opening an account or managing multiple accounts. If new accounts lose money when trading for the first time with the software, the customer support team connects them with experts for quick recovery.

Conclusion

This Axitrader review delves into how the broker makes a name for itself in the forex market. According to the review, AxiTrader is unquestionably a dependable tool for trading currency pairs and CFDs. It is also a viable option for cryptocurrency, commodity, and index traders.

New traders can easily adapt to the overall asset selection process and trading conditions with tits entry-level cross-asset diversification. The Pro Account has traders hooked because it offers competitive commissions on raw spreads starting at $7 per round-trip lot. The commission-free Standard account, on the other hand, is not recommended for traders.

AxiTrader compensates for this by offering maximum leverage of 1:500, which complements the trading conditions of the Pro account. In either case, there are no minimum deposit requirements or withdrawal fees on either of these user accounts. You can also use the WikiFX Comparison page for brokers comparison.

Comparison from other Brokers

BROKER NAME	AxiTrader	Etoro	IC Markets	AvaTrade
Min Deposit	0	10	200	100
Withdrawal Fees	Varies	Yes	No	No
Inactivity	No	Yes	No	No
Deposit Fees	Varies	No	Varies	No
CFD Commission Fees	Yes	Yes	Yes	No

FAQS

Can I experiment with AxiTrader？

AxiTrader provides a demo account that allows you to test the Axitrader platform with virtual trading before committing to payment.

Axitrader virtual trading carries no risk.

AxiTrader accepts which payment methods？

Please keep in mind that the payment methods listed below are dependent on the AxiTrader Entity and the Client's country of residence.

AxiTrader accepts the following funding methods: credit cards, debit cards, bank transfers, Neteller, BPAY, UnionPay, and Payoneer, among others.

Deposits may be exceeded by losses.

Is Axitrader safe to use？

AxiTrader is considered safe because it is regulated and monitored by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA). Traders' payments to AxiTrader accounts are held in a separate bank account. AxiTrader uses tier-1 banks for added security.

Tier 1 is the official designation for a bank's financial health and strength.

Is Axitrader trading profitable？

To trade with AxiTrader, you must be a good and reputable trader.

Over 10,000 traders and AxiTrader users use AxiTrader.

AxiTrader provides Forex, CFDs, and Social trading.

AxiTrader's minimum deposit is 0.

Is trading on Axitrader legal？

AxiTrader was founded in 2007 in Australia.

For over 15 years, AxiTrader has been facilitating trade on financial markets. AxiTrader provides Forex trading, CFD trading, and Social trading to its clients. To ensure security, all funds deposited with AxiTrader are held in separate bank accounts. AxiTrader is a legitimate company that is regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA).

Is AxiTrader a reputable broker？

AxiTrader is supervised by top-tier financial regulators such as the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA), and thus can be considered a reliable broker. Axitrader allows Forex trading, CFDs trading, and Social trading.

Is Axitrader a reliable broker？

Axitrader is a reliable trading platform.

All funds transferred to Axitrader are held in a separate bank account.

This means that Axitrader does not directly hold your money. Because the broker does not have direct access to your funds, he or she cannot misappropriate them. Axitrader is also regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA).

What is the Axitrader minimum deposit？

Axitrader requires a minimum deposit of 0 to begin trading.

How long does it take to withdraw money from Axitrader？

Withdrawing money from Axitrader takes 2-5 days on average, depending on the method.

Is Axitrader a regulated platform？

The Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority all regulate Axitrader (DFSA). As part of Axitrader's regulatory status, regulatory bodies conduct regular reviews and audits.

More information about these reviews can be found on the regulator's websites.