Several AxiTrader reviews reveal that the broker does ample market research to provide its users the best-in-class information. The bulk information from multiple authentic resources is scanned and filtered to identify high-value data. This information collection process is outsourced to Autochartist or PsyQuation Premium. The prices for availing of this feature range from a monthly subscription of $10 to $35. AxiTrader also credits its traders for using ForexVPS and Commercial Network Services if 20 lots are traded per month.

AxiTrader’s mainstay MT 4 trading software brings a very competitive technical solution to trade through the financial market to make a respectable profit for traders in every trading session. Users can compare their trading strategies with that of other traders to improve trading skill and strategies, and learn more trading ideas. A dedicated multi account manager is provided to all the traders operating an account. The account manager assists the traders with the training of trading and other market information, and also helps them improve their trading style. As per our AxiTrader review, AxiTrader offers different types of trade accounts to its traders and does not charge any inactivity fee. IC Markets can also be deemed as reliable because they hold client money in segregated trust accounts with several AA rated Australian banks.

No, as an Australian based and ASIC regulated broker, IC Markets does not need to comply with ESMA regulation and limits. They maintain offices in Australia (GMT +11) and Cyprus (GMT +2) and is therefore able to service clients around the globe during business hours 24/5. AxiTrader offers multi-channel funding and also allow broker-to-broker transfers from selected companies. Traders who manage multiple accounts can take advantage of the Multi Account Manager system, which allows account and money managers to manage a lot of different accounts from one location. Most trading strategies and types, such as scalping, hedging and Expert Advisors are allowed. Overall, AxiTrader ranks #56 out of the 62 brokers that have been evaluated and scored within our investment types category.

SPECIAL FEATURES

As a client, you may also enjoy the possibility to have account base currency in GBP, USD, EUR, CHF, or PLN and deposit funds in those major currencies as well. At the first stage and as a new to trading, you also can open a free 30-day trial Demo account with a https://forexbroker-listing.com/ virtual cash balance of £50,000 to practice skills and touch a trading process in a “real”. The traders that follow Muslim Sharia rules are entitled to open a Swap Free Account that is not subject to Swap Fees on FX Major, FX Minor, and Precious Metals Symbols.

• Brokers that offer forex trading to retail clients in the U.S. must maintain at least $20 million in regulatory capital as a Retail Forex Exchange Dealer with the Commodity Futures Trading Commission .
• Overall, the broker covers the most demanding markets to trade, also UK residents can benefit from the Spread Bet option.
• The leverage on known financial instruments multiplies on AxiTrader, just like every other brokerage.
• And the other comprises an Electronic Communication Network based MetaTrader 4 Professional account, which connects traders to a global financial market of liquidity providers.

AxiTrader has no minimum deposit requirements, you are free to deposit any amount for its standard and PRO accounts. AxiTrader trading platform provides its customers with a wide range of options like more than 80 currency pairs, and over 140 cross pairs. In 2014, many financial investment reports claimed AxiTrader to be one of the top-notch and most trustworthy forex broker brands in the financial market. Further, in 2017, this claim was made concrete when Investment Trends, a private financial research firm of Sydney, Australia, awarded AxiTrader with the highest rating for overall client satisfaction. The application is extremely user-friendly, and numerous world-class trading tools and graphs are available, which makes it ideal for all forex and CFD traders.

AxiTrader review

At the same time, it constructs educational infrastructure to train and upskill traders on new features and strategies. It also runs through the performance statistics of traders and helps them fine-tune their approach. Autochartist is not the most effective third-party plugin AxiTrader offers to its clients. The Autochartist plugin also serves as one of the most important tools for retail traders. It eliminates the conditions where retail trader accounts lose money. Between 65% and 82% of retail investor accounts lose money when trading CFDs.

The short answer is yes; AxiTrader stands out as a safe and reliable broker. So you can open an account with it by going through our AxiTrader review content above, where all aspects of this platform are covered. As a brand, AxiTrader generates high volumes of cash through its operations and transactions.

The MetaTrader4 platform at AxiTrader comes with trading on 61 pairs of currencies and automated trading. If traders do not wish to download any trading software on their computers, they can opt for MT4 WebTrader, which enables trading on their web browser. John Bringans is the Senior Editor of BrokerNotes.co and ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

If you would like to start trading and earn money, AxiTrader can be very useful. Users do not have to share personal details like the history of bank transfers, transactions, account details, or any bank statement, etc. This ICMarkets and all other broker reviews on this website are conducted fully independently by a team of professionals.

Axi MT4 NexGen

Remember – there’s a difference between trading U.S. stocks as CFDs and being able to own the underlying stock. If you purchase a U.S. stock, you own the actual shares; if you purchase or trade a CFD, you don’t own the asset itself. According to our database, 90% of forex brokers allow you to trade U.S. stocks as a CFD, while only 27% allow you to own the stock itself. Nearly every trader on the planet owns a smartphone, but that doesn’t mean that every mobile trading app offers the same forex trading capabilities.

Terrible FX broker – Every second T/P trade, has slippage tat increases with trade size. Their motive is this, you will end up trading with the money they returned and losing it. I have screenshots and chats from them incase anyone wants to take this up especially the regulators. Another cost you should consider while trading is a Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments.

Even in the view of its minor discrepancies and some unanswered regulatory questions, AxiTrader represents genuineness in assisting the forex trading requirements of people. In 2021 and beyond, it is expected to sustain its attractiveness as a top-ranked broker with a surging market share. The valued clients of AxiTrader have helped the brand distribute its global revenue base across multiple streams, including overnight fees and dealing spreads. Due to its regulatory compliance and best practice implementation, AxiTrader stays compliant across multiple authorities. The leverage on known financial instruments multiplies on AxiTrader, just like every other brokerage.

Kontotyper med Axi

The use of these applications is suitable for specific circumstances, which is why AxiTrader clients must determine their use for their needs. The MT4 WebTrader eliminates the compulsion of using the platform’s desktop application and helps you run the same software on your web browser. Education at AxiTrader has three sections—online training, basics, and trading resources. Commodities – When you trade commodities at AxiTrader, you don’t physically own any commodity. You can trade commodities such as silver, oil, and gold at the Forex broker.

If beginners as well as expert traders would like to access the online financial trading world, AxiTrader makes it available for them. The 24/7 customer support team of AxiTrader is only closed on weekends when the financial market is closed, but when the Sydney market is closed, client support is provided axitrader review from London and Chisinau. This is the primary reason why this trading platform is considered safe as compared to other financial brokers. Ever since the inception of the AxiTrader trading platform, the firm became a sector-leading financial brokerage firm in the Australian retail Foreign Exchange market.

It is regulated by the Financial Services Authority, bearing number BC 2019. The standard debit cards can be linked to the account to transfer money back to the account. No AxiTrader fees are imposed on the withdrawal of funds from an AxiTrader account. AxiTrader offers multiple ways of adding or withdrawing money from the account. The supported methods of payment include wire transfer, MoneyBookers, Neteller, skrill, and bPay.