AxiTrader

Editorial Rating:
2.62
Accept US Traders:
No

AxiTrader.com

Regulated by the Australian Securities and Investment Commission and based in Sydney, AxiTrader is an online Forex broker that has access to 14 of the world’s largest banks. Links with these financial powerhouses means this site is able to offer tight spreads and attractive trading conditions to all of its members, regardless of their investment level.

Since its inception in 2008 AxiTrader has given its members the ability to hold account balances in Euros, GB Pound, Japanese Yen, Australian, New Zealand, Singaporean and US Dollars as well as Swiss Franc. This currency diversity means that traders can avoid unnecessary conversion charges when depositing and withdrawing, thus allowing them to make more money with each trade.

As an added incentive for all Australian traders, AxiTrader offers annual interest on all account balances.

AxiTrader.com’s Special FX:

Aside from achieving a $213 billion trading volume in the first quarter of 2013 and being named in the world’s top ten biggest brokers, AxiTrader gives traders the ability to invest money on almost any device. On top of desktop and browser-based trading, this broker offers a mobile provision which makes it much easier to obtain the best rates possible.

Beyond this, AxiTrader has compiled a comprehensive set of learning materials to help improve the profitability of all its members. From articles, daily news updates and analysis to regular seminars and expos, AxiTrader uses a multi-faceted approach to teaching Forex.

The Essentials:

Being one of the world’s largest Forex brokers means only the best trading platform will do, which is why AxiTrader utilises the services of MetaTrader 4. Known as the industry’s leading FX portal, the platform gives users the ability to engage in various analytical process as well as one-click and in-chart trading.

To help make its services available to as many people as possible, AxiTrader has created two main account options that encompass standard broker and ECN market access:

Standard Account:
Minimum account size = $250
Minimum position size = 0.01 lot
Variable spreads typically from 1.3 pips with a minimum of 0.6 pips.
Scalping and Expert Advisors are allowed.
Leverage = 1:400
Digits quoted after the comma = 5
Margin call level = 90%
Stop-out level = 20%
Minimum distance to stop/limit orders = 3 pips
Number of currency pairs available 25 (including 15 exotic)

Pro ECN Account:
Minimum account size = $1,000
Minimum position size = 0.01 lot
Variable spreads typically from 0.5 pips with a minimum of 0.1 pips.
Commission charges of $3.50 per standard lot traded.
Scalping is encouraged and Expert Advisors are allowed.
Leverage = 1:400
Digits quoted after the comma = 5
Margin call level = 90%
Stop-out level = 20%
Minimum distance to stop/limit orders = 3 pips
Number of currency pairs available 25 (including 15 exotic)

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fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.