Brief informationAxiTrader
The official website states that this trade name belongs to AxiTrader Limited - the holder of the British FCA license under number 509746. This company, in turn, is 100% owned by the Australian company AxiCorp Financial Services Pty Ltd. Brokerage activity is conducted since 2007 under this trademark.
Currently, AxiCorp is positioning itself as an international group of companies specializing in currency trading, mainly for retail customers. The site and the platform are compatible with all types of mobile devices and are presented in 9 languages.
Personal account with AxiTrader
In order to acquire the account, you need to perform two actions:
- Fill in the form with your data. Everything is standard here except for choosing an account. If you are aiming to trade on your own, choose an individual one. You can also open a joint or corporate account for participants in the follow-up and trust management programs.
- To conduct financial transactions, you will need to undergo verification. That means to send copies of identity documents and address of residence.
AxiTrader trading instruments
Forex and CFD contracts in the following areas:
- gold, silver,
- oil,
- indices.
Platform
One of the most popular modern options is offered - it is MT4. All mobile versions of the platform and a training course on using the program are posted on the site with care.
AxiTrade trading accounts
There is a separate demo version for mastering the platform. Furthermore, each of the two main accounts can be used as a demo one within 30 days for improving skills and without risking real money.
Standard MT4 account: it includes spreads from 1 point, trading without commission. Leverage is up to 400: 1 with a margin requirement of 1%. You can use advisers.
MT4 PRO account: it includes spreads from 0.1 p. Commission is 3.5 $ per trading lot. A wide range of metals is added, the margin requirement for leverage is changed comparing to the standard one - here it is 0.2%. A free virtual dedicated server is provided.
The company declares that there is no minimum deposit. But this is true only for demo accounts. As for real accounts you can only train with amounts up to $ 50.
Replenishment and withdrawal of funds with AxiTrader
The following currencies can be used for operations:
- USD,
- euro,
- Australian dollar,
- pound sterling,
- New Zealand dollar,
- Singapore dollar,
- Swiss frank,
- Canadian dollar,
- yen,
- Hong Kong dollar.
The broker recommends 9 different ways of depositing and withdrawing: from bank cards and international payment systems to local ones. For each option, the official site suggests with care how to save on transaction fees. It is more convenient to show in the form of a table.
Training
This is one of the trump cards of the company. The training center provides customers with the basic information required for Forex trading. Information materials are presented in the form of video courses in various languages. The training program covers the following topics:
- step-by-step instructions and technical aspects of using MT4;
- key concepts of the Forex trading process;
- psychology of trade (excitement, goals, money management, risks, etc.);
- the principle of developing trading strategies.
Political and economic news, expert reviews and forecasts in the field of online trading are provided. All materials can be used to assess the situation and analysis. However, the broker warns that they are for informational purposes only.
After a lot of free materials, customers will be offered to copy professionals' deals, but it is not necessary to agree.
Conclusion about AxiTrader
The license of the UK regulator and the experience since 2007 inspire cautious optimism. However, check if British regulation will help in your country of residence. We also recommend you to take into account that leverage of up to 1: 400 is not only an opportunity, but also an increased risk of instant discharge of the deposit.
