AxiTrader Forex Broker Review

AxiTrader Appraisal: This is how the evaluation is made

The globally active broker is even less known in Europe because it is based in Australia. Since 2007, traders have been able to trade an extensive range of products with the forex and CFD broker. In the course of the AxiTrader experience, the large portfolio of forex pairs is particularly noticeable – around 80 currency pairs are tradable at AxiTrader. There are also other base values ​​that are traded using CFDs, including cryptocurrencies.

In the AxiTrader trial, the broker’s account types prove themselves, each based on a market maker and ECN model and thus accommodating casual traders as well as very active users. The fee structure is serious at AxiTrader, and thanks to the trustworthy regulations, including by the British FCA, users do not have to fear AxiTrader fraud.

AxiTrader pros and cons

► Around 80 tradable currency pairs, plus CFDs on indices, commodities and crypto-coins
► Waiver of a minimum deposit
► Multi-language support, also with a callback offer
► Free VPS service

► Headquarters outside the EU

How does the AxiTrader assessment work?

Our rating is about all AxiTrader experiences in all review categories, both by our editorial team and by users. In addition, we consulted the awards received and the assessments of the reviews in the specialist press in order to arrive at the most comprehensive possible evaluation of the broker. Not only the AxiTrader fees and the portfolio were considered, but also the customer support services and the training offers of the well-known Australian provider.

Readers and interested parties should be able to understand the individual areas that were tested. The same system was used consistently in order to make the evaluations and thus also the AxiTrader experiences comparable. The broker owes the very good result in the appraisal to the offer of a large number of currency pairs and a well-rounded CFD portfolio – tradable with both trading accounts under transparent conditions. There are also pluses for the fact that AxiTrader does not require a minimum deposit. The broker can also convince with the demo account. If this were unlimited, the AxiTrader appraisal could close with the full number of points.

The trading offer at AxiTrader: Focus on forex pairs, plus CFDs & cryptocurrencies.

Forex in the AxiTrader assessment

AxiTrader customers will notice at first glance that Forex trading is the broker’s core business. Of course, the common major and minor stocks, supplemented by some exotic ones, can also be found at other brokers, but AxiTrader goes beyond that and offers its customers a comprehensive and very diverse portfolio with which the provider stands out from the competition in the Forex Broker comparison .

Over 80 currency pairs can be traded with the Australian broker. With the assortment of exotic currencies, AxiTrader is in top form, many of the attractive currencies from emerging countries, which offer good potential for returns, are not to be found everywhere. This is how AxiTrader’s customers experience trading the following values:

► Mexican peso
► Hungarian forint
► Indian Rupee
► Romanian leu
► Israeli shekel
► Chilean peso
► Korean won
► Turkish lira

A table on the broker’s website provides a good overview, listing all tradable currency pairs, including the applicable spreads, but also information on margin, position size and trading hours.

AxiTrader fees in forex trading

How the trading costs turn out depends primarily on the selected account model at AxiTrader. Traders who open a standard account will find the conditions of a market maker here. So you trade against the broker who sets the spreads – a little above the market average, but very competitive. There are no further fees here.

The spreads on some selected currency pairs amount to the following values ​​for the standard account:

► EUR / USD 1.2 pips
► EUR / NOK 22 pips
► USD / MXN 25 pips

The broker’s pro account is aimed at experienced traders with high turnover with an ECN market model. The spreads start here at 0 pips, for which a commission is charged for the broker. This is 7 US dollars per round turn, plus a swap if positions are held overnight.

AxiTrader experience with cryptocurrencies

One of the advantages of a good forex and CFD broker is that traders have access to the most important cryptocurrencies. Speculating on the price development of the most famous coins against the US dollar eliminates the need to work with a blockchain client or a wallet in order to be able to buy Bitcoin , as with a direct investment. Instead, AxiTrader customers trade the leading cryptocurrencies by market capitalisation using CFDs. This includes:

► Bitcoin
► Bitcoin Cash
► Ethereum
► Dash
► Ripple
► Litecoin

The offer of the best-known crypto-coins via CFDs represents an interesting additional field of activity for traders who want to include this new asset class in their strategies.

AxiTrader review of crypto spreads

AxiTrader is also serious when it comes to trading crypto CFDs. All information on the conditions and spreads are listed in the table on the broker’s website, which can be accessed via a link in the footer of the website to the “product schedule”. When trading with a standard account, the spreads are:

► Bitcoin Cash: 1
► Bitcoin: 14
► Ethereum: 2
► Dash: 2
► Litecoin: 0.35
► Ripple: 1.5

CFDs at AxiTrader: Experience with indices, metals and commodities
In addition to around 80 currency pairs, AxiTrader supplements its portfolio with a selection of the most important underlyings from various asset classes. In this way, customers of the broker can gain their AxiTrader experience with trading indices and commodities. To be offered:

► 17 international stock indices, including the DAX and NASDAQ
► 14 Index Futures
► Coffee, cocoa, soy and other agricultural commodities
► UK and US oil and gas
► Gold, silver, copper and platinum

The CFDs on indices can be traded on index futures, but also directly on the prices of well-known European and US indices. The offer of agricultural commodities has the advantage that traders gain access to speculation on commodities by means of contracts for difference, a segment that would otherwise only be accessible to private investors with considerable effort. The offer at AxiTrader is rounded off by energies, in addition to natural gas, the best-known crude oil stocks are represented. Precious and industrial metals are also available for price speculation, in this case on the price development in US dollars.

AxiTrader CFD trading conditions at a glance

The trading costs on the mentioned CFDs are prepared according to the AxiTrader experience of the editors in the usual clear manner and are based on the respective base value and of course the trading account. When it comes to indices, traders can choose between futures and cash CFDs. The most popular international indices with cash CFDs can be traded with the following spreads:

► EuroStoxx 1.5 pips
► DAX 30 0.9 pips
► Hong Kong 6 pips

For example, traders who opt for contracts for difference on commodity futures pay the following spreads when trading:

► Copper 25 pips
► Coffee 30 pips
► Cocoa 7 pips

Precious metals such as gold or platinum, traded on the spot market against the US dollar, are also listed in the broker’s cost overview with detailed trading conditions; for a contract on gold against US dollars, traders can expect an indicative spread of 0.16 pips. A positive assessment of the AxiTrader trial is that all AxiTrader fees can be viewed on the website before the customer decides to set up a live account.

The trading conditions: This is where AxiTrader shows itself to be serious in the standard and pro account. The appraisal shows that AxiTrader is targeting both beginners and experienced traders with the account types it offers. When opening a trading account, customers can choose between a standard and ECN account and thus between the broker as market maker and ECN broker.

The conditions of the market maker, who offers its users favorable spreads, are particularly suitable for beginners and for traders who only trade occasionally. Active users with high trading volumes can benefit from the very low spreads of the Pro account, on which no markup is charged, but pay commissions for it. The ECN account also has the advantage that 14 tier 1 banks guarantee liquidity.

The minimum and maximum sizes for positions can be viewed in the AxiTrader product list. The minimum size for positions on forex pairs is 0.01 lot. The maximum size for most currencies is 20 lots, for very liquid currency pairs it is 100 lots. This applies not only to the common majors and minors, but also to CFDs on the course of the Israeli shekel against the US dollar.

Leverage and minimum deposit at AxiTrader

The leverage that private traders can use in their positions are based on the requirements of the market surveillance authority ESMA. The leverage factors for brokers within the EU have been limited since 2018 in order to prevent private investors from getting into significant debt with their broker. Traders in Europe who have experience in forex trading with the British branch of AxiTrader can use a maximum of 1:30 leverage on the forex main values ​​and increase their equity accordingly. There is no obligation to make additional payments, instead the broker closes the endangered positions if the trading account threatens to slide into the red.

The order types that can be defined during trading include market orders as well as stop and limit orders. A particularly positive factor is that no minimum deposit is required. A certain share capital is of course necessary for meaningful trading activities.

Account types: No AxiTrader rip-off in sight

Traders with many brokers have the option of choosing between different account models. The providers try to meet the requirements of different target groups and thus to reach beginners, advanced and professionals.

A minimum deposit, which increases gradually and opens up increasingly more favorable conditions and services to the trader, is very common. Aligning trading costs with the customer’s volume is also not uncommon. For beginners, it is quite difficult to see through such account structures at the beginning.

AxiTrader makes it easy for its customers to use the account types it offers – you can choose between a Standard Market Maker account and a Pro account, the latter being an ECN account.

With the standard account, the described spreads apply, which can be rated as favorable. With the ECN account, on the other hand, the spreads start at 0 pips, plus a commission. The tradable values, customer support, and the ability to use the broker’s free VPS service are the same for both accounts. AxiTrader also waives a minimum deposit and thus scores excellently in the CFD broker comparison . The Admiral Markets and AvaTrade experiences are similarly good and with low initial deposits .

If you want to be classified for a professional account, you have to meet certain trading experience and other requirements. An Islamic account can also be set up on request. And the free, non-binding demo account allows interested parties to test the broker’s products and services.

The trading platforms: MT 4 and AxiOne Framework at AxiTrader

When it comes to choosing the trading software, the Australian forex and CFD broker AxiTrader primarily offers its customers the tried and tested. Anyone who is already familiar with MetaTrader 4 does not have to switch to AxiTrader. The popular software from MetaQuotes is probably the most popular trading platform worldwide. Traders appreciate the reliable, fast execution of the software and the extremely wide range of functions. Thanks to numerous add-ons, the MetaTrader can be perfectly adapted to your own wishes.

The equipment of the chart tool and the large number of drawing tools in the software are convincing, and they have everything that traders want for a smooth trading process. Since so-called Expert Advisors can also be integrated, the MT4 can also be used to automate trading. The software is compatible with most operating systems.

In addition to the MetaTrader, the broker offers the proprietary AxiOne software. The in-house platform is an AxiTrader web trader and convinces with fast order execution. In addition, users have the advantage of being able to access a very high level of liquidity via the pool of 20 providers and seven exchanges, which makes AxiOne an ideal tool for the broker’s ECN account.

Payment methods at AxiTrader: The broker does not charge any fees

A look at the payment methods offered should not be missing – all the more so as some providers may incur fees here. If these are exceptionally high, this topic quickly causes displeasure among customers and contributes to the search for a new broker. In terms of payment terms, traders have had very good AxiTrader experiences in this case, because the broker does not charge any fees for deposits and withdrawals.

Customers can capitalise their trading account in various convenient ways. In addition to payment by credit card, this also includes bank transfer, instant transfer and the e-wallets Skrill and Neteller. GiroPay and FasaPay are offered as well as Global Collect. There are also some regional payment service providers, and the broker even accepts crypto currencies.

The deposited balance is immediately available for first trades with most payment methods. Only those who use a bank transfer have to be prepared for a waiting time of between one and three working days. Payouts can be initiated from your own customer account and must be made in the same way as the deposit was previously made.

The AxiTrader website: largely translated

Since the website of a broker gives the first impression of the offer, it is also an important evaluation criterion. The clarity and design, but also the completeness of the information must withstand a critical look. After the experience with AxiTrader, however, nothing is left to be desired.

An advantage right away is that the AxiTrader website can speak multi-languages – this version can be easily accessed using the language selection, and the translation is of good quality. The well-structured menu leads the visitor to the points

► Our advantage
► Markets for trading
► Trading platforms
► Learn to act
► Partnerships
► Companies

Sub-items enable navigation with one click to more detailed information on account types, costs and conditions or educational offers. Visitors can set up a demo or real money account using a button in the header. The footer contains links to important legal information and a list of tradable products. The contact details and the very important information about the license are also at the bottom of the page.

Additional services from AxiTrader: training offers, demo account and free VPS

Fortunately, interested parties can gain their first experience with AxiTrader with the help of a free and non-binding demo account. The demo offers an authentic trading feeling, grants access to all functions of the software and all tradable values, but is equipped with virtual capital. So beginners can take their first steps in trading without risk, and you can test the broker’s services with the demo account. However, the use of the demo account is limited to a period of 30 days.

This practical exercise option is supplemented by training materials that inform the user about the characteristics of the tradable asset classes and introduce them to trading processes. In addition to video tutorials, blogs and e-books, the broker offers seminars and webinars.

AxiTrader’s customers can also use the AI ​​tool PsyQuation. The artificial intelligence makes suggestions for improvement and analyses errors on the basis of its own trading strategies. Another welcome additional offer is the free virtual private server. With the AxiTrader VPS, traders can benefit from particularly stable data transmission. The connection is established via special, encrypted tunnels and is therefore extremely secure.

The AxiTrader customer support: telephone support, callback service & live chat

The quality of customer support is not only important for beginners – even experienced traders want a competent contact person for technical problems. The ratings for AxiTrader are really good here, because the broker tries to provide customer support around the clock. The support team can be reached by phone on a toll-free 0800 number on weekdays – and the broker also offers a callback service.

Alternatively, customers can contact customer support via email or the live chat module on the website if they prefer to express their wishes in writing. AxiTrader is represented in the most important social media, so contact via Facebook and Twitter is also possible. Most traders who have used customer service report that the support team responded to inquiries in a timely, friendly, and helpful manner.

With the convincing customer support, the Forex and CFD broker proves once again that the wishes of the users are really important to him – we can safely rule out an AxiTrader rip-off.

Regulation and deposit insurance at AxiTrader: FCA and ASIC ensure safe trading

Licensing and regulation allow very good conclusions to be drawn about the seriousness and business practices of a broker. If the provider is regulated by a well-known supervisory authority, traders can assume that a safe environment is offered for trading. AxiTrader has various regulations due to its international activities.

In its Australian homeland, the broker is subject to the supervision of the ASIC, in the Middle East it is supervised by the DFSA. European traders trade with the UK branch, AxiCorp, which is regulated by the FCA. The UK’s financial regulator ensures that the company keeps clients’ deposits separate from the company’s assets, in segregated accounts held with reputable banks.

Should AxiCorp become insolvent, the Financial Services Compensation Scheme, the deposit protection fund, ensures that customers are compensated with deposits of up to £ 50,000.

Awards and trade press on AxiTrader

If a broker has been active for a long time, at best it has already received some insightful awards. Most forex and CFD brokers like to dedicate a dedicated page on their website to such awards – AxiTrader is no exception. What speaks in favor of the provider is that over the years it has received awards for both the product range and the trading conditions. Customer service and efforts to ensure customer satisfaction have also been recognised.

Interested readers can quickly find the awards on the website via the menu Company> About Axi, which lists all awards received since the company was founded in 2007. The trade press also describes the experience with AxiTrader positively. Above all, the large portfolio and the transparency and seriousness of the conditions are repeatedly emphasised.

AxiTrader FAQs

► What can you trade with the AxiTrader?

The focus at AxiTrader is clearly on trading Forex, CFDs and cryptocurrencies. As an established Forex and CFD broker, AxiTrader offers more than 80 currency pairs for trading.

► Is there an AxiTrader demo account?

Yes, AxiTrader offers a free and non-binding demo account. With the help of the virtual credit, various scenarios can be run through risk-free.

► Is the AxiTrader a scam?

No, we can clearly rule out Axitrader fraud. The regulation by the ASIC, the DFSA and the FCA stands for the seriousness of the broker.

► What fees do you have to expect with AxiTrader?

AxiTrader primarily does not charge any fees for account management. Furthermore, the minimum deposit is 0 euros and the spreads also start at 0.0 pips. The commissions, however, start from 7 USD.

Conclusion on AxiTrader: Very good price-performance ratio and a large forex offer

Traders with the Australian forex and CFD broker AxiTrader usually have very pleasant and surprisingly customer-oriented experiences with CFD trading. The numerous tradable forex pairs speak for the broker, especially the selection of exotic currencies surpasses many other providers.

The focus is on the currency pairs, the other tradable values, including indices, metals, commodities and cryptocurrencies, round off this portfolio very well. Traders can see the costs and conditions for all values ​​in the product list on the website.

Thanks to regulation by the UK FCA, customers can be sure that AxiTrader is reputable. The support and the training courses are also convincing. One would only wish for the ability to trade share CFDs as well.