Based in Sydney Australia, AxiTrader is a financial services provider that was established in 2008. They are regulated by the Australian Securities & Investments Commission (ASIC) under the license number 318232 and by UK’s Financial Conduct Authority under the registration number 509746.

The company comprises of three divisions namely AxiTrader, AxiPrime, and AxiSelect.

Trading Platforms

• AxiTrader

A platform for retail traders to trade CFDs and forex

• AxiPrime

A platform for institutional and professional traders to trade with deep liquidity and superior pricing

• AxiSelect

A platform through which a talented trader can grow to become a professional trader

To support their traders’ trading activities, AxiTrader has provided them with multiple versions of the industry proven MetaTrader 4 (MT4) platform. The MT4 is the most widely used trading platform by traders to trade CFDs as well as forex. Developed by MetaQuotes Software Corp, the MT4 platform comes with a wide range of trading tools designed to enhance at trader’s trading activity.

It also comes with a build in programming language with tech savvy traders can use to create their own Expert Advisors (EAs) to help them automate the trading process. Trading speed is also enhanced with the ability of the platform to support one click trading.

Account Types

Apart from the institutional trading facilities at AxiPrime, there are 2 main types of trading accounts for traders to choose at AxiTrader namely MT4 Standard and MT4 Pro.

MT4 Standard Trading Account

• 5 Digits Pricing
• 61 Fx pairs, CFDs and Precious Metals
• Available margin 1:400
• Free VPS
• Min Deposit $200
• Minimum Trade Size 0.01 Lots

MT4 Pro Trading Account

• 5 Digits Pricing
• 61 Fx pairs, CFDs and Precious Metals
• Available margin 1:400
• Free VPS
• Min Deposit $1000
• Minimum Trade Size 0.01 Lots

Both types of trading account have a 30 days demo account facility which any prospective client of AxiTrader can sign up for.

Commission & Spreads

The commission and spreads which are payable depends on the type of trading account which the trade holds. For the standard accounts, there are no commissions payable and the minimum spread starts from as low as 0.6 pips. For the pro accounts, the commission charged is $7 while the minimum spread starts from as low 0.1 pips.

Customer Support

In addition to being able to view the website in 6 major languages, the customer support services at AxiTrader is available on a 24 hours basis from Monday to Friday. Traders who require assistance can get in touch with the support team using email, live chat or just call customer support directly on the telephone.

Pros

• ASIC Regulated Broker
• Dedicated Customer Service
• Low Spreads
• Reputable Broker
• Wide Range of Trading Assets
• Flexible Trading Accounts
• Efficient Trading Platform

Cons

• No Web based Trader
• Does not support Social Trading
• No Multi Lingual Support
• Lack of Promotional Offers

Conclusion

The fact that AxiTrader is regulated by one of the toughest regulatory bodies in the world means AxiTrader’s clients can be assured that their broker meet a very high operational standard. In addition, the number of forex pairs that are available for trading surpasses those which are offered by most forex brokers.

Their low minimum deposit requirement also makes it easy for anyone who wants to open up a live trading account with them. The only setback about this broker is the fact they lack any bonus offer for their traders. Other than that, this broker comes highly recommended as a trusted and reliable broker.