These rules limit the amount of leverage offered to EU clients and the way in which financial services are promoted. Servers are located close to the exchange in New York, for improved trade execution. The manager assists the traders with the training of trading and other market information. 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. The primary reason why AxiTrader Forex trading platform prefers to use the popular MetaTrader 4 is that the application is built for traders of all experience levels. Traders can opt for similar order types and order time limits as AxiTrader’s web platform.
In January 2020, it was authorized by the Australian Securities and Investments Commission under ACN regulation . It possesses a Financial Services Licence with registered number . The status of the license was under review as of October 2020. In this AxiTrader review, an update on the company’s license status is pending. It was put on suspension in 2019, an appeal to which has been subsequently made by the broker. Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation Premium tool.
I Have Been With Axitrader For Some
There are arbitration processes in place that are able to deal with these issues. AxiTrader looks like a great Forex broker for anybody outside the U.S. Otherwise, the above review points to AxiTrader as a top-notch broker. For someone who doesn’t know anything about trading this was a great review. I’m here reading your post to enter the contest to win $3000 USD in trading money.
Your Backoffice is highly efficient in minimising bottlenecks. I already have started recommending Axi to my family and friends. Can you please enlighten us regarding the 1-star review, this will greatly help us improve our service. Setting up an account was easy, they offer help during and after the process, it’s easy to use & withdraw funds which I’ve had problems with on other platforms in the past. Terrible FX broker – Every second T/P trade, has slippage tat increases with trade size. 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. AxiTrader account can be funded by several options including Moneybookers/Skrill, Neteller, Wire Transfer, Credit Card, and BPAY.
Forex Peace Army
Another useful functionality is the MetaTrader 4 Forex Trading Signals tool. Armed with this tool, customers of AxiTrader can save the trading strategies of thousands of fellow traders and place trades automatically. The trading services provided by AxiTrader are overseen individually by the financial regulators of the respective countries the platform is available in. Thus, its operations in the United Kingdom (est. 2012) are subject to the regulations of the Financial Conduct Authority . 65.6% of retail investor accounts lose money when trading CFDs with this provider. The official AxiTrader website makes a clear case in this regard.
You can view real-time pricing, place & manage trades, view account history, monitor positions, customise charts, set alerts and more. This is useful for those who need to access their account whilst on the go from differing locations. MT4 mobile is freely available to download on both Android and iOS via the relevant app stores. Axi cater for all levels of traders with their leading trading technology being advanced enough for the more experienced traders whilst being simple enough to use for the less experienced. Founded in 2007, AxiTrader offers flexible leverage, which becomes a high gain option for a trader. users can compare their trading strategies with that of other traders to improve trading skill and strategies, and learn more trading ideas.
The Trading Conditions At Axitrader
They offer tight spreads, competitive commissions, fast execution and a range of different assets to trade. Trading platforms and advanced trading tools add to the overall trading experience.
This is a great selection, and they deserve extra praise in our AxiTrader review 2021 for making this information so easy to find. We can’t provide in-depth guides on everything you can do on MetaTrader 4 as part of this AxiTrader review 2020.
Withdrawal takes a longer time compared to other brokers I have used before. The signals fluctuate sometimes they are good but most of the time bad and will give losing trades.
AxiTrader does not charge a fee for making a withdrawal, but your bank may add charges depending on the method of transfer. Bank Transfer – Local bank transfers will be available daily, while international bank transfers will take 3-5 business days for the funds to reflect in your account. Axi have a selection of deposit and withdrawal methods to suit different client requirements. You can use a credit card, bank transfer or an online payment processor such as Neteller or Skrill. Axi have an economic calendar that gives you details on upcoming news events which can be filtered by trading instrument, date and impact.
Complaints Against Axitrader
If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. Forest Park FX, LTD is authorised and regulated by the Financial Conduct Authority, Registration Number . AxiTrader offers its clients two types of accounts — both of which use MetaTrader 4 as their trading platforms. Both the ASIC and FCA are trusted to maintain a secure and safe market for domestic and foreign forex traders. Regulation by these authorities help AxiTrader clients feel a strong sense of security.
In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is. Withdrawal is really very slow and customer services aren’t always available to assist. Although customer service and brokers are good, I will have to quit trading with them because it is not profitable and fees are huge. This platform is widely used by many Forex and CFD brokers globally. The Expert Advisors provided by the platform make it quite popular among traders.
AxiTrader also avails the one-click order placement feature. As visible from the above image, we need to go through the 3 steps to create our demo account. We need to fill out the form first, which leads us to a page that displays the next steps in the procedure. However, forex deals with currency only, whereas CFD involves various types of contracts related to energy, metals, indices, etc. AxiTrader offers shares, commodities, and index CFDs. The trader does not have ownership in both the instruments, as they only speculate the changes in the prices to benefit from it. AxiTrader allows one to trade with a minimal size of 0.01 lots, and it indicates the amount of money one would allocate per pip.
Within the Market News and Blog sections of the AxiTrader website, the broker offers various educational articles. These include topics for all levels, such as trading mistakes to avoid, position sizing techniques, and habits of successful traders. You can browse the educational articles or search the section. To assist clients with their education and trading skills, AxiTrader offers both seminars and webinars. These online trading workshops are complimentary to clients and designed to appeal to a range of skill levels. AxiTrader’s experienced traders host regular online workshops. Myfxbook Autotrade is a community application for copy and social trading.
AxiCorp has a New Zealand license as a derivatives issuer with FSP number . AxiTrader received its New Zealand financial services license in 2018 from the FMA . This could be an attractive solution for those professional traders who trade high volume through their algorithms. This covers elementary concepts in Forex and CFD trading. It will give you a list of helpful explanations and descriptions that can break some of the jargon that you will encounter when trading on any forex trading platform. So, Tradency is a bridge between these expert developers and your trading account. It allows these expert developers to create their own fully tested trading algorithms.
- AN IB broker can bypass several regulatory guidelines that are usually reserved for mainstream Forex brokers, which helps the company to set up its base in the US.
- Some clients point to the absence of bonuses at the moment.
- 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.
- If a client trades a certain amount of volume every month, Axi will contribute towards the cost of the VPS.
- We find a lot of brokers who seem very good till we ask our money back.
- AxiTrader is an awarded broker based in Australia.
The platform is open to traders from New Zealand under a license granted by the local Financial Markets Authority . There are a range of account types that you can choose from at AxiTrader. These include the “Demo” account as well as two different “Live” accounts. Which account you end up choosing will depend a great deal on your own personal preferences and trading experience.
The latter is available for download on the AxiTrader platform and is available for both Windows and Mac machines. For those who do not know, MT4 is a third-party trading program that was developed by a company called Metaquotes. This is one the most widely used external trading software currently on the market. If you are slightly more traditional then you can make use of their specific customer support emails. You can reach them directly at We tested this out and we were able to get a response in under an hour. Given that AxiTrader will have to had to have conformed with these requirements, you can feel at ease about the safety of using their services. Moreover, unlike with an unregulated brand, you know exactly which regulator to turn to should you have any issues with AxiTrader.
Sentiment Indicator, which gives you insights on live market trends based on observing other people’s trading activities. AxiTrader offers the Autochartist tool free of cost to its clients so that they can stay abreast of major market movements and scan the market throughout the day. AxiTrader’s parent company, AxiCorp Financial Services Pty Ltd, is an Australia-based company launched with the purpose of providing innovative online financial services and products. The Forex broker maintains client funds in separate bank accounts and holds them on trust in compliance with the Australian Corporations Act of 2001. If you already are an MT4 user, they will ask you to type in the number of your MT4 account. Then you must choose the subject of your inquiry, i.e. whether it concerns withdrawals, deposits, trading, updating your account, and so on.
Click on “Start Application Now” to submit your details and register an account. AxiTrader is an online trading brand belonging to AxiCorp, a company regulated and authorized by the Australian Securities and Investments Commission .