Our Review Method

AxiTrader, operating under AxiCorp Financial Services Pty Ltd, is a well-regulated Forex and CFD brokerage established in 2007. Our review process involved a thorough comparison against over 1000 brokers to provide a fair evaluation of AxiTrader’s offerings. This includes reviewing its regulatory status, customer support, trading instruments, platform functionality, and fees.

Is AxiTrader Safe or Scam?

AxiTrader is a legitimate and regulated broker, licensed by both ASIC in Australia and FCA in the UK, ensuring high levels of transparency and client protection. With robust security measures, including segregated client accounts and encrypted transactions, AxiTrader is trustworthy and safe to trade with.

Is AxiTrader Regulated?

AxiTrader operates under the supervision of ASIC (Australia) and FCA (UK), two of the most esteemed financial regulatory bodies globally. Their regulation ensures AxiTrader adheres to strict operational standards, protecting client funds and ensuring transparency.

AxiTrader Pros and Cons

Pros:

• Regulated by reputable authorities: ASIC & FCA

• Multiple trading platforms: MT4 with robust trading features

• Competitive trading fees: Low spreads and commission-free deposits

• Comprehensive customer support: Available 24/5

Cons:

• Limited range of instruments: Primarily Forex and CFDs

• No 24/7 customer support

• Lacks extensive educational resources

Overall AxiTrader Ranking

AxiTrader is widely recognized for its transparent pricing structure, competitive spreads, and reliable customer service. Based on our comprehensive evaluation, AxiTrader’s overall rating is 4.3 out of 5.

Awards

AxiTrader has earned notable accolades, such as the Best MT4 Provider 2019 at the UK Forex Awards and recognition as Best Forex Broker in Australia 2019.

Leverage

Leverage allows traders to increase their exposure to the market, potentially amplifying returns. However, it also increases the risk of losses. AxiTrader adheres to regulatory leverage limits:

• 1:30 for Forex (ASIC & FCA-regulated)

• Up to 1:500 for international clients (under AxiTrader’s offshore entity)

Account Types

AxiTrader offers multiple account types to suit different trading needs:

• MT4 Standard Account: No commission, costs embedded in spreads

• MT4 Pro Account: Lower spreads with commission per trade

• Swap-Free Account: For Muslim traders, exempt from swap charges
  Demo Accounts are also available for practice.

How to Open an Account with AxiTrader

Opening an account with AxiTrader is simple:

1. Visit the “Create Account” page

2. Enter personal details and verify your identity

3. Fund your account and start trading

Trading Instruments

AxiTrader provides a wide range of trading instruments, including Forex, Commodities, CFDs, Indices, and Cryptocurrencies like Bitcoin and Ethereum.

Fees

AxiTrader’s fees depend on the account type. For MT4 Standard Accounts, no commissions are charged, while the Pro Account charges commission with tighter spreads. AxiTrader’s competitive pricing earns a score of 4.2 out of 5.

Spread

Spreads are competitive, with EUR/USD averaging 1.24 pips for the Standard Account. For Pro Accounts, spreads start from 0 pips, but commissions apply.

Deposits and Withdrawals

AxiTrader provides a variety of deposit and withdrawal methods, including bank transfers, credit/debit cards, and Skrill. The minimum deposit is $100, which is relatively low compared to other brokers. Withdrawals are processed within 1-2 business days.

Trading Platforms

AxiTrader offers MetaTrader 4 (MT4) across web, desktop, and mobile, providing all the essential tools for technical analysis, automated trading with EAs, and real-time data.

Customer Support

AxiTrader provides 24/5 support through phone, email, and live chat. The support is efficient, with responses typically provided within minutes. However, weekend support is not available.

Conclusion on AxiTrader

AxiTrader stands out as a solid choice for Forex and CFD traders. Its low spreads, robust platform (MT4), and regulated environment make it suitable for both beginner and advanced traders. While it lacks extensive educational content and 24/7 customer support, AxiTrader offers a reliable and secure trading experience with competitive pricing.

AxiTrader is recommended for:

• Forex and CFD traders

• MT4 platform users

• Traders seeking competitive spreads

• Those who prefer flexible leverage options