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Axitrader Review

  • Regulated by: Financial Conduct Authority and ASiC
  • Safety: segregates client funds
  • Trust Rating: B
Open Axitrader's Website

Losses can exceed deposits

Overview

Axitrader is a forex and cfd trading services broker. They give traders access to a wide variety of instruments in several markets like currencies and commodities. For traders interested in cryptocurrencies like Bitcoin, Axitrader offers cryptocurrency CFDs.

To open a live account, you’ll need a minimum deposit of at least $200. Alternatively, Axitrader offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 509746 ), and ASiC (AFSL #318232 ). Axitrader puts all client funds in a segregated bank account and uses tier-1 banks for this. Axitrader have been established since 2007 , and have a head office in Australia .

Before we dive into some of the more detailed aspects of Axitrader ’s spreads, fees, platforms and trading features, you may want to open Axitrader ‘s website in a new tab by clicking the button below in order to see the latest information directly from Axitrader.

Open a demo account Visit Axitrader

Full disclosure: We may receive a commission if you sign up with a broker using one of our links. Your capital is at risk. CFDs are leveraged products & 73% of traders lose money when trading CFDs.

Axitrader screenshot

PROS

  • Segeregates client funds
  • Established in 2007
  • Regulated by Financial Conduct Authority and ASiC
  • Min. deposit from $200

CONS

What are Axitrader's spreads & fees?

Like most brokers, Axitrader take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on Axitrader’s website. The colour bars show how competitive Axitrader' spreads are in comparison to other popular brokers featured on BrokerNotes.

Spreads are dynamic and are for informational purposes only. Last updated: June 06, 2018.

As you can see, Axitrader 's minimum spread for trading EUR/USD is 1.2 pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Axitrader vs. similar brokers.

See all Spreads
Losses can exceed deposits

How much does Axitrader charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with Axitrader at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $N/A. Here’s a rough breakdown of the fees and how this compares against XTB & City Index .

Axitrader XTB City Index
Spread from: N/A $ 2.00 $ 5.00
Typical overnight fee: N/A $ 7.94 $ 20.60
Commission: N/A 0 0
Total cost of a 100k trade: N/A $ 9.94 $ 25.6
Visit Axitrader Visit XTB Visit City Index

All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018. Losses can exceed deposits

General Fees

  • Axitrader doesn’t charge inactivity fees*
  • Axitrader withdrawal fees varies on payment method

Commissions

  • Axitrader does charge commission on CFD shares

What can you trade with Axitrader?

Axitrader offers over different instruments to trade, including over 80 currency pairs. We’ve summarised all of the different types of instruments offered by Axitrader below, along with the instruments offered by XTB and City Index for comparison.

FX / Currencies Axitrader XTB City Index
# of forex pairs offered 80 50 84
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs Axitrader XTB City Index
# of commodities offered 0 0 26
Metals No Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Index & Stock CFDs Axitrader XTB City Index
# of Stocks offered 0 1500 4500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
See Axitrader's InstrumentsSee XTB's InstrumentsSee City Index's Instruments
Losses can exceed deposits

What’s the Axitrader trading experience like?

1) Platforms and apps

Axitrader offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.

Axitrader Screenshot See Axitrader 's Platforms

Axitrader also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See Axitrader 's platforms
Losses can exceed deposits

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

Axitrader allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. Axitrader allow you to execute a maximum trade of 50 Lot. As Axitrader offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.

As a nice bonus, Axitrader are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at ) .

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that Axitrader offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller

3) Client support

Axitrader support a wide range of languages including English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic

Axitrader have a BrokerNotes double AA support rating because Axitrader offer over three languages email and phone support.

4) What you’ll need to open an account with Axitrader

As Axitrader is regulated by Financial Conduct Authority and ASiC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Axitrader’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Axitrader you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from www.axitrader.com on August 23, 2018.