AxiCorp Financial Long-term Services Pty Ltd, or AxiTrader, is an Australian company that was created in 2007. After a successful first year of business, the broker has been regarded as one of Australia’s most trusted Forex brokers with the strongest brand association.
As part of the company’s worldwide expansion strategy, AxiCorp Ltd, a completely owned subsidiary of its Australian parent, was established in London in 2012.
AxiTrader is a well-established multinational collection of enterprises that specializes in foreign exchange financial solutions for regular clients. All accounts come with tight spreads and quick execution as usual. Clients of AxiTrader have direct access to a variety of liquidity sources, including over 14 of the world’s top banks.
Is AxiTrader safe for you?
Axitrader is not a fraud, but it has been voted again and again for its reliability and low-risk Forex trading.
The Financial Conduct Authority (UK) and the Australian Securities and Investments Commission are the two primary regulatory bodies that oversee AxiTrader. Traders should be sure they’re working with a transparent supplier, which can only be given by a registered broker because over-the-counter derivatives involve major risks.
Client monies are maintained in segregated accounts with top-tier banks and are protected by compensation plans in this situation. All online transactions, executions, and trader manipulations are securely encrypted and conducted in accordance with operating guidelines.
Instruments
Clients may access the complete range of trading options offered by the firm, including Forex, commodities, CFDs, and indices, from a single MT4 interface. Bitcoin and other cryptocurrencies can also be traded in the same way as traditional currencies. Overall, the broker covers the most difficult-to-trade markets, and UK residents may take advantage of the Spread Bet option. You should also Learn Forex Trading for getting more interesting knowledge.
Types of Account
MT4 Standard Account and MT4 Pro Account are the two types of accounts offered by AxiTrader. You may also start a free 30-day trial Demo account with a virtual cash balance of £50,000 to practice skills and touch a trading procedure in a “real” setting if you are new to trading.
Traders who adhere to Muslim Sharia law are eligible to create a Swap Free Account, which is exempt from Swap Fees on FX Major, FX Minor, and Precious Metals Symbols.
AxiTrader Cons and Pros
AxiTrader, as part of a well-established multinational network of enterprises, offers financial solutions primarily for retail clients, with a concentration on foreign exchange.
All accounts come basic with tight spreads and quick execution. Clients of AxiTrader have direct access to over 14 of the world’s top banks’ liquidity providers.
Fee Criteria
Standard account fees are built into the spreads, which start at 1 pip and 0 pips at Pro Account, with committeemen to 7$ commission per round, whereas AxiTrader pricing features specific needs of a trader, while Standard account fees are built into the spreads, which start at 1 pip and 0 pips at Pro Account, with committeemen to 7$ commission per round.
Swap Fee, or an adjustment representing the relative difference in interest rates or yield on the underlying instruments, is another expense to consider while trading. AxiTrader would often charge Swap Fees on Long Positions while paying Swap Fees on Short Positions.
