Verdict

/ 5

AXITrader review

By azeshan

Updated on Oct 30, 2024

10 mins read

115 customer reviews

Overview

AxiTrader is an online forex and CFD broker with offices in multiple regions worldwide. The company is regulated in Australia, New Zealand, and other jurisdictions. They offer a...

See full overview for AXITrader

AxiTrader is an online forex and CFD broker with offices in multiple regions worldwide. The company is regulated in Australia, New Zealand, and other jurisdictions. They offer a collection of trading instruments in Forex and CFD markets with thousands of clients and partner with many organizations, such as London & Eastern LLP, to provide trading tools and services.

Furthermore, Axitrader provides tailored trading services to different jurisdictions to better serve their clients and comply with local financial laws with support for the popular MetaTrader 4 trading platform.

With this broker, you get competitive spreads, zero commissions on certain account types, and up to 500:1 leverage. This AxiTrader broker review further explains all you need to know about this broker.

Supported Countries

AxiTrader supports over 100 countries and provides support in multiple languages. However, certain limitations exist on the jurisdiction eligible for the broker’s trading services. According to the broker’s website. They do not accept clients from countries that are marked as high-risk or where trading is not permitted.

There is no official list of the countries the broker does not support. A review of the company policy shows that they are working hard to provide their trading services to traders from all countries. For instance, the broker did not offer their trading services to residents of Congo and Central African Republics, but they do currently. As such, you should check the company policy to see what countries they support at the time of your registration.

Customer Service Rating

AxiTrader is rated “Great” with a 4.0 rating based on 1,301 ratings on Trustpilot. There is a lot of goodwill and positivity in the replies. The broker’s representatives also visibly respond to negative comments and offer assistance.

The reviews show that most customers are satisfied with the broker’s services. The negative reviews focused on withdrawal issues and rollover fees. However, these issues are easily resolved by the support team.

AxiTrader Trading Platforms

AxiTrader offers the MetaTrader 4 trading platform for both desktop and mobile devices. The broker also offers other trading tools for an enhanced trading experience. We’ll explore the features of the MT4 platform and other trading tools and features in this section

MetaTrader 4: The MetaTrader 4 platform is available for live and demo trading accounts. It offers full access to all AxiTrader trading instruments and supports other features, such as algorithmic and copy trading. It is a simple-to-use platform that is downloadable on mobile and desktop devices. Its functions and tools include custom indicators, price alerts, charts, and analysis tools. The PC and Mac versions offer high performance and a full suite of features, while the Android and iOS versions offer all the major features with flexibility and convenience.
MT4 WebTrader: The MT4 WebTrader is a version of the MT4 trading platform that can be accessed via a browser. It is the best option for traders who want to use MT4 without downloading it on their devices. This version offers full features and comprehensive functionality and is accessible via any internet browser.
Axi Copy Trading: The Axi Copy Trading app offers a simple way to automatically copy the trades of successful traders. It is perfect for clients who want to benefit from trading without having to watch the market or set up entry levels. The app is available on the Apple Store and Google Play Store.
Myfxbook Autotrade: The Myfxbook Autotrade application is a 3rd-party technology application that connects with your forex trading account through the MT4 trading application. It allows you to manage all your trading systems and accounts from one interface. You can also use it to share your trading performance with others who may want to copy your trades. The app is available for all clients.

Trading Denominations on AxiTrader

There are 10 distinct base currencies in which AxiTrader broker accounts can be denominated. These denominations are AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD. These denominations are only available on the Standard and Pro accounts. Clients using the Elite account are limited to four denominations: USD, EUR, GBP, and AUD.

Company Structure

Axi (AxiTrader) is a registered trading name of AxiTrader Limited. The company (AxiTrader Limited) is a member of the Axi Group and is incorporated in St Vincent and the Grenadines, number 25417 BC 2019, by the Registrar of International Business Companies. It is also registered by the Financial Services Authority in St Vincent and the Grenadines.

The Axi Group also owns other subsidiaries such as AxiCorp Financial Services Pty Ltd, a company incorporated in Australia (ACN 127 606 348), and Axi Financial Services (UK registered in the United Kingdom.

The company has its headquarters in Australia and maintains offices in regions worldwide, such as St Vincent and the Grenadines and New Zealand.

On many AxiTrader broker reviews, the broker ranks as one of the best forex brokers with low minimum deposit requirements.

AxiTrader Licenses and Regulatory Compliance

The AxiTrader Group holds licenses in multiple regions of the world. These licenses allow it to offer trading services in over 100 countries.

AxiCorp Financial Services Pty Ltd (AxiCorp) (ACN 127 606 348) is authorized and regulated by the Australian Securities & Investments Commission (ASIC) with the registration number 318232.
AFSPL also holds a Derivatives issuer license in New Zealand, with FSP 518226.
AxiCorp Financial Services Pty Ltd is authorized and regulated by the Dubai Financial Services Authority (DFSA) with the number F003742.
Axi Financial Services (UK) is authorized and regulated by the Financial Conduct Authority (FCA), with Firm Reference Number 466201.

AxiTrader Customer Protection

AxiTrader is subject to the Financial Commission, the body resolving financial market disputes. As a member, the broker is subject to the Compensation Fund, which serves as insurance for its clients. A client may receive up to €20,000 per client if the broker does not comply with any Financial Commission judgment favoring the client.

The Compensation Fund does not cover Australian and New Zealand residents, but they have the added protection of negative balance protection. Hence, a trader from Australia or New Zealand can not lose funds that exceed the amount of money invested with the broker.

Trading Information

AxiTrader broke over 100 tradable instruments that cut across currency pairs and CFDs on various assets.

AxiTrader Leverage

AxiTrader’s standard leverage is 1:500, depending on your location and the trading account you sign up for. International clients can access up to 500:1 on all account types. Australian traders are limited to 30:1 on the Standard and Pro accounts. However, with the Elite account, they can access up to 400:1 leverage.

Deposits and Withdrawals on AxiTrader

Deposits

AxiTrade offers many payment options for deposits. However, not all payment options are available in all countries. You can find payment options available to you from the Secure Client Portal.

Note that Axi does not allow third-party payment. All payments into your account must be from accounts in your name. The broker accepts payment from joint accounts if you are one of the parties to the joint account. Axi does not charge deposit fees, but the payment processor or bank may charge you fees.

Payment Method	Currencies	Processing Time	Minimum Deposit
Credit/Debit Card	AED, CAD, EUR, GBP, JPY, NZD, PLN, SGD, USD	Instant	5 USD
POLi	AUD	Instant	5 AUD
Bank Transfers	AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD	1-3 days	N/A
FasaPay	IDR, USD	Instant	5 USD
Neteller	CAD, EUR, GBP, PLN, USD	Instant	5 USD
Crypto	BTC, ETH, LTC, XRP, XLM, USDT	Up to 15 mins	30 USD
Skrill	AED, CAD, EUR, GBP, INR, USD	Instant	5 EUR
Boleto	BRL	Up to 12 hrs	50 BRL
Brazil Internet Banking (TED)	BRL	Up to 12 hrs	50 BRL
Chinese Internet Banking	CNY	Instant	1,500 CNY
Thailand Internet Banking	THB	Instant	500 THB
Vietnamese Internet Banking	VND	Instant	22,000 VND
Indonesian Internet Banking	IDR	Instant	200,000 IDR
Polish Internet Banking	PLN	Instant	1 PLN
Hong Kong Internet Banking	HKD	Instant	30 HKD
Malaysian Internet Banking	MYR	Instant	50 MYR
Philippines Internet Banking	PHP	Instant	2,500 PHP
South African Internet Banking	ZAR	Instant	100 ZAR
Nigerian Internet Banking	NGN	Instant	4,000 NGN
Kenyan Internet Banking & MPESA	KES	Instant	1,000 KES
Cambodian Internet Banking	USD	Up to 8 hrs	25 USD
Laos QR Payments	LAK	Up to 8 hrs	200,000 LAK
Myanmar QR Payments	MMK	Up to 8 hrs	50,000 MMK
AstroPay	USD	Instant	5 USD

*Please note that Internet banking, crypto, and many other funding options are not available in all countries.

Withdrawals

Axi processes all withdrawal requests within 1-2 business days upon receipt. However, it can take longer for the funds to be transferred into your receiving account.

As for deposits, the broker does not allow third-party remittances. All withdrawal requests must be made to an account in the same name as your Axi account. You may need to provide information such as Proof of Identity and Proof of Source of Funds for some types of withdrawals.

Payment Method	Currencies	Minimum Withdrawal	Withdrawal time
Credit/Debit Card	AED, CAD, EUR, GBP, JPY, NZD, PLN, SGD, USD	N/A	N/A
POLi	AUD	N/A	N/A
Bank Transfers	AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD	50 USD	1-3 days
FasaPay	IDR, USD	5 USD	1-3 days
Neteller	CAD, EUR, GBP, PLN, USD	5 USD	1-3 days
Crypto	BTC, ETH, LTC, XRP, XLM, USDT	30 USD	1 – 3 days
Skrill	AED, CAD, EUR, GBP, INR, USD	5 USD	1-3 days
Boleto	BRL	N/A	N/A
Brazil Internet Banking (TED)	BRL	50 BRL	1-3 days
Chinese Internet Banking	CNY	500 CNY	1-3 days
Thailand Internet Banking	THB	100 THB	1-3 days
Vietnamese Internet Banking	VND	22,000 VND	1-3 days
Indonesian Internet Banking	IDR	200,000 IDR	1-3 days
Polish Internet Banking	PLN	1 PLN	1-3 days
Hong Kong Internet Banking	HKD	N/A	N/A
Malaysian Internet Banking	MYR	50 MYR	1-3 days
Philippines Internet Banking	PHP	2,500 PHP	1-3 days
South African Internet Banking	ZAR	100 ZAR	1-3 days
Nigerian Internet Banking	NGN	3,000 NGN	1-3 days
Kenyan Internet Banking & MPESA	KES	50 KES	1-3 days
Cambodian Internet Banking	USD	25 USD	1-3 days
Laos QR Payments	LAK	200,00 LAK	1-3 days
Myanmar QR Payments	MMK	50,000 MMK	1-3 days
AstroPay	USD	5 USD	1-3 days

*Please note that Internet banking, crypto, and many other withdrawal options are not available in all countries.

AxiTrader Trading Education and Training

AxiTrader offers a variety of educational resources to help novice, casual, and experienced traders. These resources include:

MT4 Video Tutorials: Axi offers step-by-step instructional videos on how to use the MetaTrader 4 trading platform for beginners. The video tutorials include guides on installing the platform, using the basic functions, opening trades, and setting up backtesting.
Free eBooks: Axi range of free trading and forex ebooks cover fundamentals of Forex, different trading strategies, expert trading tips, and all the basic concepts you need to know about trading.
Axi Blog: The blog contains insightful and well-researched articles on trading and global market news. Subject topics include trading education, blockchain information, insights on shares and shares trading, and company news.
Axi Academy: The Axi Academy is a platform that features comprehensive trading courses designed by traders, for traders, to ensure you gain the essential knowledge and skills you need to be successful in the markets. All the courses are available for free anywhere in the world. The courses focus on four key areas: forex, gold, cryptocurrency, and shares trading.
Crypto Glossary: The Crypto Terms Glossary provides brief, accurate insight and explanation on the most important crypto terminology to help you fully understand and harness the blockchain markets.

Conclusion

AxiTrader is an industry-leading online trading with thousands of trading clients worldwide. They offer competitive spreads, fee-less deposits and withdrawals, advanced tools, and support for the popular MetaTrader 4 trading platform. They also offer customer support in multiple languages.

Although their tradable instruments are limited to Forex and CFDs, they offer many trading options across financial markets such as cryptocurrency, currency pairs, and commodities. They are licensed and regulated in multiple jurisdictions. However, due to differences in local financial laws, the services they offer differ based on location. Ensure you do your research to find out the services that AxiTrader offers to traders from your country of residence.

Countries

+219

Devices

Our Verdict

/ 5

See our process of evaluating brokers

Commissions & Fees

3.5

/ 5

Deposit & Withdrawal

3.9

/ 5

Customer Support

4.5

/ 5

Account Opening

3.4

/ 5

Regulation & Safety

4.6

/ 5

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

No obligation demo accounts with US$50,000 of virtual funds to practice with
24/5 Customer support available
Multilingual support in 14 languages
Free and extensive educational resources
Super simple withdrawals

Cons

Limited trading platform options
Limited trading instruments
Only forex and CFD trading
Limited research tools

General details

Type of accounts

Demo accounts (with a time limit)

Standard Accounts

Segregated accounts

Trading platforms

Execution Model

NDD

Deposit currency

USD

EUR

JPY

GBP

AUD

CHF

CAD

NZD

HKD

SGD

Regulatory complience

ASIC

Deposit payment systems

Withdrawal payment systems

Support Languges

English

Chinese

Japanese

Malay

French

Russian

Polish

Portuguese

Spanish

German

Autotrading

Axi Copy Trading App Myfxbook AutoTrade MT4 EA MT5 EA

Contact details

[email protected]

0800 018 3306

Customer reviews

Read real reviews from traders all over the world:

Alex Hech

5 May 2024

Advantages: -

Disadvantages: -

Ang Axi ay isang napakagandang platform para sa mga online courses. Napakahusay ng kanilang mga kurso at may magandang sistema ng pagtuturo. Hindi mo na kailangang lumabas ng bahay para mag-aral ng bagong kasanayan. Napakadali at komportable gamitin ng Axi!

Sebastian Burt

4 May 2024

Advantages: -

Disadvantages: -

Tôi rất thích Axi vì họ cung cấp môi trường giao dịch an toàn và tin cậy. Tôi có thể tập trung vào giao dịch mà không lo lắng về sự bảo mật của thông tin cá nhân và tài khoản.

See all 115 customers reviews

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.

MT4 Pro Account - AXITrader

Scalping

Hedging

Trading with expert advisers

Trading 24 hours a day

Trailing stop

Trading Platforms

METATRADER 4

Deposit currency

USD

EUR

JPY

GBP

AUD

CHF

CAD

NZD

HKD

SGD

Trading instruments

Forex

1:400

Number of currency pairs: 13

AUD

CAD

CHF

EUR

GBP

MXN

NOK

NZD

PLN

SGD

TRY

USD

ZAR

CFD's

1:100

Amount of assets: 134

Futures

Products

Indices

Metals

1:100

Gold

Silver

Energy Source

1:100

Cryptocurrencies

Stop Out

20 %

Minimum position size

0.01 units

Execution type

market

Spread type

Floating

Decimal places

Margin Call

90 %

Commission

$7 round trip (USD)

Other

Swap free

VIP account

Phone trading

Scalping

Hedging

Spread type

Trading with expert

Trading 24 hours a day

Trailing stop

Interest on free balance

Mailing the documents

MT4 Standard Account - AXITrader

Scalping

Hedging

Trading with expert advisers

Trading 24 hours a day

Trailing stop

Trading Platforms

METATRADER 4

Deposit currency

USD

EUR

JPY

GBP

AUD

CHF

CAD

NZD

HKD

SGD

Trading instruments

Forex

1:400

Number of currency pairs: 13

AUD

CAD

CHF

EUR

GBP

MXN

NOK

NZD

PLN

SGD

TRY

USD

ZAR

CFD's

1:100

Amount of assets: 84

Futures

Indices

Products

Metals

1:100

Gold

Silver

Energy Source

1:100

Oil

Gas

Cryptocurrencies

Stop Out

20 %

Minimum position size

0.01 units

Execution type

market

Spread type

Floating

Decimal places

Margin Call

90 %

Other

Swap free

VIP account

Phone trading

Scalping

Hedging

Spread type

Trading with expert

Trading 24 hours a day

Trailing stop

Interest on free balance

Mailing the documents

Tradable instruments

Tradable instruments on AxiTrader trading platforms include:

Currencies

Stocks

Commodities

Cryptocurrencies

Indices

Frequently asked questions

Find the right answer to your question below.

Is AxiTrader a Scam?

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.

Does AxiTrader accept US residents?

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.

How do I open an AxiTrader Forex trading account?

Visit AxiTrader and select “Open account” from the menu at the top of the page.

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