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AXITrader review
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
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No obligation demo accounts with US$50,000 of virtual funds to practice with
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24/5 Customer support available
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Multilingual support in 14 languages
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Free and extensive educational resources
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Super simple withdrawals
Cons
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Limited trading platform options
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Limited trading instruments
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Only forex and CFD trading
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Limited research tools
General details
Customer reviews
score
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Accounts
Type of Trading Accounts on AxiTrader
AxiTrader offers three types of accounts: Standard, Pro, and Elite. They also offer swap-free accounts.
- Standard Account: The basic account is a standard account. This account is commission-free, but it attracts spreads starting from 0.4 pips. The maximum trade size is 0.01 lots making it ideal for low-badge traders. There is no minimum deposit, and you can access over 140+ currency pairs and CFDs. The leverage goes up to 500:1 but can be lower depending on your location. For instance, Australian traders can only access up to 30:1 leverage on the started account. The account is denominated in AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD. It has full EA compatibility and offers Autocharist, VPS, and myfxbook Autotrade for free.
- Pro Account: The pro account shares similarities with the standard account. The key difference is that it attracts $7 as a commission but has low spreads starting from 0.0 pips. Aside from that, all the conditions of the Standard account apply to the Pro account.
- Elite Account: The Elite account is designed for wholesale and professional clients only. It has a minimum deposit requirement of $25,000 and attracts a $3.50 commission. Spreads start from as low as 0.0 pips. It offers higher leverage that goes up to 500:1 leverage for international traders and 400:1 in many jurisdictions.
- Islamic Account: Axi offers a trading account tailored to Islamic traders. It has no swap fees or interest payments, making it ideal for those who cannot earn or pay interest due to religious beliefs. To open an Islamic account, contact the Client Services team, and they will help you through the process. Note that approval to open an Islamic trading account is the sole discretion of Axi. Upon approval, you will get details on the account’s interest-free nature and general conditions. The broker may also monitor the account to ensure it is being used in good faith and for the purposes intended and contact you directly if they suspect any irregularities.
Tradable instruments
Tradable instruments on AxiTrader trading platforms include:
Frequently asked questions
Find the right answer to your question below.
No. AxiTrader is a global financial trading services brand with licenses and registration in major global financial hubs, such as the UK, Australia, and Dubai. It also complies with the Financial Commission and Euro trading laws.
No. At the time of writing this review, AxTrader does not accept US residents. Residents of US territories such as American Samoa, Guam, Northern Mariana Island, Puerto Rico, and the U.S. Virgin Islands have to complete and sign a W-9 Form.
Visit AxiTrader and select “Open account” from the menu at the top of the page.
AXITrader compared with alternative brokers
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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24/7 instant money withdrawal
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Free VPS hosting
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Specialized trading accounts
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4.5/ 5
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4.5/ 5
- N/A
- N/A
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4.5/ 5
- N/A
- N/A
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4.5/ 5
- ASIC
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No
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See review
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Free VPS hosting
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Specialized trading accounts
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4.5/ 5
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4.6/ 5
- $50
- 1:500
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4.5/ 5
- $0
- $0
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4.8/ 5
- ASIC, CYSEC
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See review
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3.9/ 5
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4/ 5
- N/A
- N/A
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3.6/ 5
- N/A
- N/A
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4.5/ 5
- FINMA
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No
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See review
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24/7 instant money withdrawal
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Specialized trading accounts
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4.8/ 5
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4.8/ 5
- $1
- 1:3000
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5/ 5
- $0
- $0
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4.8/ 5
- No
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No
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See review
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Free VPS hosting
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24/7 instant money withdrawal
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Specialized trading accounts
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4.4/ 5
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4.6/ 5
- N/A
- N/A
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4.2/ 5
- N/A
- N/A
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4.7/ 5
- ASIC, BaFIN, CYSEC, FCA
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See review