However, the transaction duration depends on the individual financial institution and, thus, can take a few working days. At AxiTrader, customers can deposit into their account in numerous different major currencies. Deposits into the account can be made in the currencies AUD, EUR, GBP, NZD, SGD, USD, CHF, JPY, HKD, CAD. All you have to do is log into the client portal and then make the deposit from there. The online broker must also adhere to strict guidelines when it comes to data protection. Customer data may only be used internally and may not be passed on to third parties. For this reason, the data is also transmitted using secure SSL encryption, so that no one can hack into the system from outside.
This allows account managers to have all the regular features of MT4, such as Expert Advisors, with additional tools. The AxiTrader MAM solution delivers increased automation, expanded functionality, and convenience. This is extremely volatile, with great potential profits but high potential losses.
Axitrader Pro Account
When you choose the Pro account type, spreads are lower compared to the Standard account type. Spreads on the Pro account are very low, but that starts from 0.0 pips. During the market gaps, news events, and other factors, the spreads can fluctuate. AxiTrader Forex Broker Review Spreads on the Standard account start from 0.4 pips on major forex pairs. However, spreads can go higher even on the major forex pairs during the news events on the market. AxiTrader offers very low spreads when you trade with the Pro account.
Those features are typically true in other types of AxiTrader CFDs as well. The forex market is very large, with forex trading worldwide up to $5 trillion USD. This is a direct result of access to the major markets in New York, Tokyo, and London.
Forex Broker’s Bonuses
One account, which is called the MT4 Standard account has spreads starting from 1 pip, while the second one, called MT4 Pro account has no spread at all, but is based on commissions. Considering that 1 pip is the industry standard for most Forex brokers it’s easy to say that AxiTrader passes this round as well. But should that 1 pip be applied to major currency pairs like EUR/USD then it would be considered as a disadvantage.
- The applications have the features and tools you need, including live pricing with real-time updates.
- We will cover these details and other details such as funding methods, withdrawal methods, forex currencies, account types, margin, and other details.
- They are authorised, licensed and regulated by the Australian Securities and Investment Commission as well as the Financial Conduct Authority of the United Kingdom.
- What this means is that traders can, on many occasions, buy and sell assets within the exact same prices, which is definitely a lucrative proposition to any trader in Forex, stocks, or any other market.
- AxiTrader also offers an extensive Education section on its website with the information beginners need.
- They clearly are doing some right with their no frills approach, focusing on providing a quality end product to the user.
The email contains details of your demo account number, password, leverage, balance, and a link to download MetaTrader 4. The education program can help you to gain a deep understanding of different trading topics.
To understand if this Forex broker is a market-maker or not, we need to look at their trading account and execution models. AxiTrader is an Australian based , owned, and ASIC regulated Forex broker. The company further maintains several offices in major financial hubs around the globe, enabling them to serve customers in all corners of the world during business hours 24/5. eur Our AxiTrader review highlights that the company AxiCorp, as a global market leader, takes security very seriously. They are authorised, licensed and regulated by the Australian Securities and Investment Commission as well as the Financial Conduct Authority of the United Kingdom. Axicorp Financial Services Pty Ltd holds an Australian Financial Services License .
The MetaTrader 4 platform offers versions for a range of devices, including PC, Mac, iPhone, and Android. There is also MT4 NexGen, MT4 Forex Trading Signals, and MT4 Multi Account Manager. Additionally, you can access the MT4 WebTrader with your AxiTrader account. This version is optimized for web-performance of a lightweight nature. As such, the platform understands the features traders want and aims to deliver them. AxiTrader gives clients access to MetaTrader 4, which is perfect for trading indices, commodities, and forex. Forex trading carries a high level of risk and may not be suitable for all investors.
Is Axitrader Safe Or A Scam?
AxiTrader offers the account types that differ from each other only with spreads and commission fees when you trade. As is standard for FX trading, AxiTrader requires all its clients to maintain minimum margin requirements, but what that requirement actually is depends on the trade you’re entering into. While the differences between the two account types might not seem significant, the key is in the detail. And, hey, you could always swap to a different account if you needed to. AxiTrader also makes it easy for clients to enhance their trading with a range of other trading tools. This allows for automated trading for indices, forex, and commodities via duplicating strategy providers. It is possible to create your own portfolio based on other strategy providers’ activity.
Working with so many trusted sources means that AxiTrader can access a wider liquidity pool than the competition. This allows for low spreads for AxiTrader, which it passes on to its clients. To achieve that goal, the broker publishes live and average spreads for every currency pair. The broker even has a page dedicated to comparing historical and live spreads with those of other brokers. AxiTrader claims to offer some of the best forex spreads so that clients can maximize their profits. Clients get market-leading spreads for indices, currencies, and commodities. At times of peak liquidity, it is possible for the spreads to drop to 0.0 pips.
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 Foreign exchange reserves materials to learn from the broker’s material hub. 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.
Margin And Leverage
AxiTrader clients with experience can also use the MT4 forex trading signals as a way to share their strategies. If you develop your own trading signals, you can allow others to follow them. As is the case with most brokers, AxiTrader does offer a demo account.
This is a particularly useful tool for those who utilize automated trading strategies. In that case, the strategy can be used whenever the markets are open, even when the trader sleeps. PsyQuation Premium is a platform that AxiTrader clients can utilize for free. That PsyQuation platform already has a reputation for offering among the most advanced platforms in the world for retail traders. The Premium version of this platform has more powerful indicators and trade signals that are more frequently updated. It also has a more comprehensive forecasting and offers institutional-level quantitative models.
Comprehensive educational material ensures that even new operators have access to everything they need to know to get started. AxiTrader was originally an Australian trading company, established in 2007. Over the years the company has expanded, opening a branch in London in 2012 and starting operations in China in 2015. trader One advantage when depositing with a credit card is the fast processing time of less than 10 minutes. By law, customer deposits must be kept separate from the company’s capital. In addition, all transactions must be precisely recorded, so that, in the event of fraud, there is enough transparency to retrace the matter.
The spreads for pro accounts can be as low as 0.1, 0.2, 0.1, 0.02, 0.2, 0.3, 2.0, and 0.01, respectively. In many cases, the average spreads are surprisingly close to these figures. The average spread for EURUSD, for example, is 1.24 with a standard account and 0.44 with a pro account.