Their trading platforms extend MAC and Windows PC and mobile trading tools like smartphone devices such as the iPhone and Android phones and iPad and Android. Traders can make use of the Autochartist and Myfxbook Autotrade, which is a social-based trade community. Registered traders can use Myfxbook to connect with their accounts and follow the trades of experienced forex traders. Their customer service is outstanding, always ready to help with any issues or questions.
MetaTrader 4 (MT
The AxiTrader LTD company is a fully-owned subsidiary of Australia-based AxiCorp Financial Services Pty LTD. The AxiTrader review further discovered that in July 2019, New Zealand’s Financial Markets Authority suspended AxiCorp Financial Services Pty LTD’s derivatives issuer license. The company had made four different counts of brokerage violations under the regulator’s Financial Conduct Act 2013. On the technical side, AxiTrader is the official trading name of the company – AxiTrader LTD.
- AxiTrader also offers its customers several options for training and continuing education.
- We recommend that you open your account with the UK entity since it is the only one that offers deposit protection to traders if it is available to you.
- The Autochartist plugin also serves as one of the most important tools for retail traders.
- You can also contact them on their social media accounts like Twitter, Linkedin or look at their YouTube channel.
AxiTrader Ratings and Reviews from Trustpilot:
AxiTrader is the Forex brokerage arm of AxiCorp Financial Pty Ltd, which was founded in 2001 in Sydney, Australia. The company slowly evolved into one of the largest financial companies in Australia, which led to widespread market dominance in Australia as well as in financial markets around the world. AxiTrader was introduced as an exclusive Forex and CFD trading platform in 2007 and has ever since becoming a segment leader in the Australian retail FX market. The educational centre offers chart tools that provide concise information on various commodities, equity indices and currency pairs. The FX charts offer in-depth information on various charts and provide a suitable interpretation of the various price fluctuations. Axi also offers various online courses right from basic Forex introduction to in-depth market analysis.
CUSTOMER SUPPORT AND AXITRADER CLIENTS
A live chat can also cover some training topics wherein an expert answers the questions and satisfies them. Besides the live chat feature, an FAQ section educates the clients with reliable answers and improves their trading experience. Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation Premium tool.
Main features
Another unique feature I want to point out is AxiSelect, a program that funds talented traders with up to $350,000. The Axi Community completed an excellent set of value-added services at Axi, all intended to promote better traders. Besides competitive trading costs, Axi offers traders the third-party trading analysis platform PsyQuation. It can help traders improve their performance, which I find an excellent tool. Axi also uses the PsyQuation score for its AxiSelect program, which funds talented traders with capital, a rare and unique feature.
Please note that an AxiTrader user may lose money when trading a Swap Fee. This adjustment reflects the comparative difference between yield or interest rates on https://traderoom.info/is-axitrader-truly-a-trustworthy-firm/ the underlying financial instruments. It also brings down the high risk of losing money in the initial trades by simulating the outcomes of those forex trades.
Always do your research and choose a broker that satisfies your exact requirements. The company allows you to open an AXITrader account without any minimum deposit. Of course, opening an account without an initial deposit doesn’t serve the purpose of trading. Therefore, the absolute minimum that traders can deposit into the broker is $200. $200 is a small amount of money, but the broker does not support smaller deposits that most other companies provide, which can be a disadvantage for ultra-small traders. Nevertheless, the $200 initial deposit allows clients to open an MT4 standard account, which is basically a market maker model.
For security reasons, the account name must match where the AxiTrader deposit originates to where the withdrawal is being made. AxiTrader has developed this four-step simple process to meet the regulatory KYC requirements. New traders are likely to feel comfortable while opening an account with this process. It takes a minimum of two business days for a new AxiTrader account to get approved.
You can also contact them on their social media accounts like Twitter, Linkedin or look at their YouTube channel. You can do it directly from your MT4 platform and communicate with thousands of traders. In addition, AxiTrader offers numerous video tutorials on how to correctly use the MetaTrader 4 trading platform.
They can also share their strategies will millions of other traders who use MT4. Since AxiTrader believes that traders should implement their own trading styles and strategies, it allows them to use third-party trading signal technologies on its MT4 platform. The MetaTrader4 platform at AxiTrader comes with trading on 61 pairs of currencies and automated https://traderoom.info/ trading. If traders do not wish to download any trading software on their computers, they can opt for MT4 WebTrader, which enables trading on their web browser. You can open a spread betting account to place spread bets and enjoy tax free profits. Apply leverage to maximize your profits, but understand that you also increase your risk for loss.
Axi Select sets itself apart with its unparalleled trading tools and features. The platform’s advanced charting, market insights, and customizable interface provide a tailored experience for traders. The exclusive events and webinars for Axi Select members add significant value. For those who seek a trading platform with cutting-edge tools, Axi Select is the ultimate choice. Traders can choose a major base currency for their account from the AUD, USD, JPY to Euro.
While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service. AxiTrader makes it simple for their clients to choose an account by offering only two different account choices.
The AxiTrader website also runs video tutorials and offers eBooks to increase the understanding of trading among users. The MT4 WebTrader is best used to get a quick visual overview of the markets, study the charts, and monitor the existing trades. A full module of this web app provides dozens of indicators, which work as drawing tools for completing the order management functionality.
