Our trust rating takes into account a range of factors that influence a brokers reliability and reputation, These factors include how the broker is regulated, whether they use segregated bank accounts, their years in business, banking tiers, customer support offered, and much more.
In this review of AxiTrader we cover the most common questions traders have about AxiTrader. We uncover the trust worthiness, costs, the pros & cons to help you make an informed decision if AxiTrader is the best broker for you.
AxiTrader is a brokerage started by traders for traders and focus on providing what traders find most important to them, tight spreads with fast execution across all their accounts. AxiTrader is one of the most popular choice among traders who want a trustworthy ECN broker and offer over 80 forex currency pairs with their platform. AxiTrader also offer the ability to trade CFDs and access to all the major financial markets including indices, gold, oil and other commodities.
AxiTrader offers some of the tightest spreads in the industry with 0.5 pips and 0.6 pips on EURUSD and GBPUSD respectively.
The popular MetaTrader 4 is their main trading platform and it is available for Windows, Mac, iPhone, and Android. Additionally, Metatrader 4 NexGen and AxiTrader’s multi account manager are available.
Several deposit and withdrawal options are provided including bank wire transfer, Neteller, skrill and debit/credit card. AxiTrader have a minimal deposit amount of $200, with a maximum 1:400 leverage. The smallest size you can open a position with is one micro lot (0.01 lot).
AxiTrader is regulated by the Financial Conduct Authority #509746 (FCA) in the UK and by the Australian Securities and Investments Commission (ASIC) in Australia.
Forex, Bullion, Metals, Commodities, Oil, Indices
MT4 for PC, MT4 for Mac, MT4 for Mobile, MT4 NexGen, MT4 Trading Signals, AxiTrader’s Multi Account Manager
Apple - Yes, Android - Yes
If you are looking for a swap-free Islamic account then you are probably at the right place. AxiTrader is an ECN broker, that providing their clients straight with through processing trading and direct market access.
They offer a wide range of language support for its clients, some of which are English, Chinese, Spanish, German, Japanese, Russian, Romanian, Arabic. AxiTrader offer some of the best priced variable spreads and can offer fixed spreads on request. Hedging, scalping and the use of expert advisors are all permitted with AxiTrader. Placing a trade is simple as AxiTrader provide one-click trading, trailing stops as well as price alerts, automated trading, and signal trading. All of this can also be easily set up via their VPS service partners. It’s also good that you won’t be obligated to trade, even if you don’t want to for months, as there are no inactivity fees.
AxiTrader doesn’t offer the usual bonuses and prefer to attract traders with a solid trading environment instead. As a straight through process broker they cannot provide guaranteed stop losses and limit orders on trades. There can be small deposit and withdrawal fees, depending on the method you use. However, other than that there are no extra charges for standard accounts and small commissions up to $10 for pro accounts.