AxiTrader (2020) – Forex Broker Review and Test

Broker comparison – who is the best? In this article, we are introducing AXITRADER.

What is AxiTrader?

Axitrader logo

The online broker AxiTrader UK is a full subsidiary of AxiCorp Financial Services Pty Ltd. AxiCorp Financial Services Pty Ltd is a company based in Australia that was founded by individuals and has played a leading role in the foreign exchange market since its inception. Since 2007, AxiCorp has significantly expanded its product range, and now there are also a large number of international subsidiaries.

The global group of companies focuses on foreign exchange trading and offers corresponding trading instruments, particularly for private investors. In addition, AxiCorp investors and other corporations can also benefit from the online broker’s quality-oriented trading service.

The history of AxiTrader

AxiTrader was founded in Sydney, Australia in 2007. In 2012, the company received its first award for the “Best Spreads” at the China International Online Trading Expo. In the same year, the subsidiary AxiCorp Limited (the trade name is AxiTrader UK) was founded in London, which is regulated by the British financial authority, FCA. Since then, customers in Germany no longer trade directly through the Australian-based broker, but rather through the London subsidiary, AxiCorp Limited.

In 2013 and 2014, AxiTrader received numerous other awards: the online broker was awarded “Best Forex Broker Asia” (CIOT Expo) and “Financial Institution of the Year” (Asia-Pacific Financial Investment Association), and the company also ranked first in the “Customer Service” category (Investment Trends Dec. 2013, Australia FX Report).

After AxiTrader started some major projects in China in 2015, it then expanded its portfolio the following year to include more than 30 new trading instruments and has now also branched out to Latin America, the Middle East and Germany. Currently, AxiTrader has revenues of over 100 billion USD and was one of the top 10 Forex brokers worldwide. Again in 2017, the online broker received the award for “Most Reliable Forex Broker” from the AtoZForex.com website.

The corporate philosophy at AxiTrader

Now we come to AxiTrader’s philosophy. The founders of the online broker already had a vision in mind when they founded the company:

We want to be the broker we’d want to trade with. Since then, we’ve grown into one of Australia’s largest leading Forex brokers.

It is not for nothing that AxiTrader has been designated the “Most Reliable Forex Broker.” The online broker is known in the industry for its outstanding customer service. AxiTrader values honest communication with its customers as well as authenticity and general transparency in all trading processes.

How is AxiTrader regulated?

Although the parent company is an Australian-based broker, in Germany, as previously mentioned, trading is carried out via the British subsidiary AxiCorp Limited, which is regulated by the Financial Conduct Authority (FCA). The FCA requirements are known to be very strict.

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 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.

The verification for customers is also part of the necessary security regulations that AxiTrader requires of its users. This can also prevent fraudulent intentions, since opening a trading account using a fake identity is not possible.

What are the advantages of AxiTrader?

The Australian broker AxiTrader advertises numerous advantages on its website that customers can benefit from, should they choose to use the online broker. These advantages are briefly summarized and explained below.

  • High degree of integrity, since the regulation is carried out by the financial supervisory authority (FCA)
  • All customer capital deposits stored in secure and separately-managed trust accounts at selected banks
  • International service team that is available around the clock during the week to support customers with questions and concerns
  • The servers are located close to the New York Stock Exchange, meaning that orders can be executed faster
  • Automated trading via Expert Advisors is also possible
  • AxiTrader offers its customers tight spreads and fast execution on a wide selection of tradable foreign currencies
  • Customers can choose between two different account models depending on their individual preferences

Which markets can be traded at AxiTrader?

Now we will take a closer look at which trading instruments customers can use to trade at AxiTrader. In general, the online broker has been designed for and focusses on Forex trading and CFD trading.

Forex trading

At AxiTrader, customers can trade in the largest and most-liquid financial market worldwide. The Australian online broker guarantees low spreads and fast execution for the more than 80 different currency pairs available and also offers flexible leverage. In addition to being recognized as Australia’s most reliable Forex broker, the company is also one of the largest brokers for Forex trading in Australia. AxiTrader also has the liquidity of 14 leading banks worldwide.

CFDs

  • DAX Futures CFD

DAX Futures CFDs are particularly suitable for day trading and position trading. The typical spreads are between 0.5 and 1.0 points, with no overnight fees. Trading is possible daily from 8:00 a.m. to 10:00 p.m. The minimum intervals for stop loss and take profit are kept relatively low.

  • Commodities trading

In order to best spread the capital used, commodities can also be traded at AxiTrader. This includes trading in gold, silver, palladium, platinum and oil. Depending on how the market develops, customers can trade both long and short. Here, too, the leverage can be used flexibly to better assess the risk.

  • Indices

When trading indices, the prices are given in realtime in combination with the actual performance of the financial market. The indices can also be traded short and long and the leverage can be used flexibly to control the risk. In addition, AxiTrader promises very low spreads, which means that investors can benefit from minimal price fluctuations. In general, you can trade more than 10 top indices, including the DAX, Dow Jones and S&P with this online broker.

Which platform is available at AxiTrader?

AxiTrader offers the award-winning online trading platform MetaTrader 4 (MT4) in different versions:

  • MetaTrader 4 for PC, MAC or mobile version

The numerous functions of the popular MT4 trading platform can be used both on PC and on MAC or an appropriate mobile device. Though many online brokers work with this software, AxiTrader has taken deliberate care to provide servers close to the stock exchange and fiber optic technology, so that customers can benefit from fast, precise trading. Since the platform is compatible with the third-party provider, Expert Advisors, trading can also be automated accordingly.

  • MetaTrader 4 NextGen

MetaTrader 4 NextGen is primarily intended for more advanced traders and offers them a number of additional useful functions. This includes, for example, the Mini Terminal, which can be used to control trading more efficiently and thus save valuable time. The integrated Forex News also keeps traders up to date and provides them with relevant information. If you are interested, you can see all of the functions included on the website.

  • MetaTrader 4

In this version, traders have access to a variety of ready-to-use trading strategies that they can apply and try out. If you follow several traders, you can thus expand your own strategies and spread the capital you have invested. Here you can also develop your own strategies and make them accessible to other traders.

  • MetaTrader 4 Multi-Account Manager

Finally, with MetaTrader 4 Multi-Account Manager (MAM) there is another tool that traders can use to manage several trading accounts at the same time. However, the MAM is only available to “approved and regulated operators of discretionary accounts or managed investment schemes.”

Deposits and withdrawals with AxiTrader

Once you have chosen the online broker, AxiTrader, and want to deposit money into your live account, the next step is to take a closer look at the payment methods offered.

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 following options are available for depositing:

  • SEPA bank transfer

First of all, there is, of course, the option of a classic bank transfer. However, the transaction duration depends on the individual financial institution and, thus, can take a few working days.

  • MasterCard and VISA card

One advantage when depositing with a credit card is the fast processing time of less than 10 minutes.

  • Maestro card

Here too, payment processing is usually carried out within just 10 minutes.

  • Neteller

The electronic payment provider Neteller accepts all currencies, the processing time here also takes around 10 minutes.

  • Skrill/Moneybookers

Deposits via Skrill or Moneybookers are only possible in EUR, GBP and USD.

  • Global Collect

With Global Collect, international fees can be avoided. Deposits can be made in the currencies CAD, CHF, EUR, GBP, HKD, IDR, JPY, NZD, SGD, USD, RUB and TWD.

In general, AxiTrader charges no fees with these payment methods. However, it should be noted that a bank transfer, for example, depending on the financial institution, may incur fees for currency conversion.

Withdrawals at AxiTrader are handled in such a way that they are aligned with the selected method of deposit. Thus, when you choose a method of deposit, you are also choosing the method of withdrawal.

Though, in the event that the amount to be withdrawn is greater than the initial deposit amount, you can also select a new method. A requested payment is usually processed by AxiTrader within 24 hours, so that the customer receives their money quickly.

The account types at AxiTrader

Depending on a customer’s individual trading requirements, they can choose between two different account types at AxiTrader. The online broker offers a standard version and a pro version. Both of these will be discussed below.

AxiTrader standard account

Let’s first take a look at the conditions for the AxiTrader standard account:

  • Account management fees: None
  • Spreads: from 0.4 pips
  • Commission: none
  • Minimum trade size: 0.01 lots
  • Minimum deposit: 0 euros
  • Leverage: up to 1:30
  • Tradable markets: 140 FX pairs. Metals. CFDs
  • Available base currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD

AxiTrader pro account

For comparison, the conditions for the pro account are listed below.

  • Account management fees: None
  • Spreads: from 0.0 pips
  • Commission: USD 7 / EUR 6.5 / CHF 7.25 per standard lot
  • Minimum trade size: 0.01 lots
  • Minimum deposit: 0 euros
  • Leverage: up to 1:30
  • Tradable markets: 140 FX pairs. Metals. CFDs
  • Available base currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD

The main difference between the standard and the pro version is the different spreads and commission fees.

The trading conditions at AxiTrader

Now that the general terms of the two available trading accounts have been shown, the conditions regarding leverage, margin and spreads will be explained in more detail.

Leverage and margin

AxiTrader offers its customers flexible leverage up to 1:30, so that they can trade profitably even with a small capital investment. Trading with a leverage of 1:30 is possible with lot sizes from 0.01 and a margin from 3.33%.

Spreads

While the spreads for the main currency pairs usually average around 1.0 pips in the standard account, the spreads in the pro account usually fluctuate between 0.0 and 0.3 pips. The spreads for the minor currency pairs are, for the most part, somewhat higher. If you are interested, the individual live spreads are always available on the AxiTrader website.

Tools at AxiTrader

AxiTrader also offers its customers some helpful tools to help them in their trading process. These will be briefly introduced here.

MT4 VPS hosting

With the VPS hosting offered by AxiTrader, traders can better protect their trading activities from downtimes. By using VPS hosting, external providers can be used to ensure that trading activities are not affected by technical problems or a bad connection. An external server ensures that the platform runs without interruption. For this reason, VPS is also particularly suitable for traders who make use of automated strategies.

Autochartist

The Autochartist tool is free of charge for all active AxiTrader customers and constantly scans the relevant markets to inform the trader as soon as a favorable opportunity has been identified. The tool also provides free daily market reports to give traders an overview of the markets. The tool offers the following functions:

  • Automated technical analysis
  • Performance statistics
  • Volatility analyses
  • Filtering of the best trading opportunities
  • Market analysis three times a day

The tool and its functions are briefly described in the following YouTube video.

Autochartist from AxiTrader

Economic calendar

Lastly, the online broker also provides its customers with a useful economic calendar. This calendar is clearly designed and shows all the important messages that traders need when trading.

The reports and statistics are also all assigned a relevance level to allow customers to better assess the impact on the financial markets.

The demo account at AxiTrader

Investors who have not yet decided on AxiTrader can also try it out first using the free demo version. In the 30-day test period, the MetaTrader 4 trading platform can be tested with all its functions without any financial risk. This allows customers to try out their market strategies with realtime market data and thus ease their way into trading. If the 30 days are not enough, you can also request an extension from Axitrader customer service. In the demo account, you start with virtual capital of 50,000 USD.

What training and educational opportunities are available?

AxiTrader also offers its customers several options for training and continuing education. First, the online broker provides some texts that explain the basics of forex trading and CFD trading.

In addition, AxiTrader offers numerous video tutorials on how to correctly use the MetaTrader 4 trading platform. These cover everything from the installation of the platform to detailed explanations of the individual functions, navigation and the different types of orders.

Last but not least, there is also an education center for advanced traders. In addition to the forex basics, the video learning programs cover topics such as various analysis techniques, trading strategies and trading psychology.

Customer service

A special feature of AxiTrader is its customer service, which is available 24 hours a day. If you are already an active customer with the online broker, you will automatically be assigned your own customer advisor as a direct contact person for questions or problems. The service team speaks six different languages and comes from twelve different countries, so that support is available for every time zone. The live chat support also deserves a mention. Here you can get a competent answer to your question usually within minutes.

Experience with AxiTrader

AxiTrader sees itself as one of the largest and leading forex brokers worldwide – and not without reason. The reviews on the internet are predominately positive, which is due, among other things, to its 24-hour customer service as well as the wide range of currency pairs and CFDs.

And the spreads are kept low and therefore fair. By trading through the British subsidiary AxiCorp Limited, which is regulated by the FCA, German customers also need not worry about regulation or deposit insurance.

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