Personally, I’m very satisfied with AxiTrader and plan on growing my real trading account with them over the years to come. Since then I have seen many brokers rise and fall. The information is based on a relatively large sample of retail traders. As you can see, this feature adds a gauge-style view to your chart that shows the percentage of traders that are in buy or sell positions.
How many Forex pairs and CFDs are available to trade?
How much does AxiTrader charge for withdrawal?
Withdrawals. Withdrawals are free if they are above US $50 or for the full balance of your Account. Otherwise, an administration fee of US $25 may apply. For further withdrawal information, please see here.
These include numerous costs that they have to incur upfront as well as regular reporting standards. They are perhaps best known for their relatively straightforward product offering and their "no nonsense" approach to their business. We will also give you some top tips in order to make the most of your trading experience.
and deposit $10+ by bank card to instantly receive $30 tradable funds; profits are withdrawable.
The service, which normally costs $60 per month, is available to such traders with a 30% discount. AxiTrader clients who trade at least 20 lots per month, gain access to this service for free. The brokerage seems to encourage the use of EAs – a fact that in and of itself may turn out to be the decisive factor for some traders. Why would a trader want to register an account with the brokerage? Its FMA and FCA licensing means that it is MiFID compliant and as such, it can offer financial services in the whole of the EEA. AxiCorp Financial Services Pty Ltd is a registered Australian and New Zealand financial service provider.
- Folks, please find a better broker and not use Axi.
- Of course, you can also give it a whirl with a free demo account beforehand.
- Which account you end up choosing will depend a great deal on your own personal preferences and trading experience.
- AxiTrader is one of the few brokers to start offering the NextGen MT4 platform.
AxiTrader Reviews
You will also have financing or "overnight" fees that are charged on those positions that are kept open overnight. The lot commission is about $7 or the local currency equivalent per round trip. Then, to the left of that you have the standard margin rate that will differ according to the asset in question. There are arbitration processes in place that are able to deal with these issues.
I feel that they should reverse closing out my positions, and honour the TP and SL in my trades according to the current market. I went into my account, and all my trades were still gone, but I was given an equity of 2280. All my trades were closed and I was left with -946 in my account. Hi everyone, I'm writing this post today to seek advice and help from fellow traders who use AxiTrader(AxiCorp). Their promise is that they will "get back with a reply within maximum 24 hours".
- This is especially important for those traders who use high frequency trading algorithms.
- Pepperstone and AxiTrader have both created an excellent, cost-effective trading environment.
- Lastly, AxiTrader is still unavailable to large markets in regions such as the United States and Canada.
- Duplitrade is an extra feature that is offered for free to all of those AxiTrader clients who have more than $5,000 in their accounts.
- However I was shocked with the spreads I saw in MT4.
You can also use the volatility analysis which will help you set realistic exit levels that are based on current market conditions. This will allow you to quickly place the trade should you still find it favorable. When you have it open and you spot a potential trading opportunity, you can quickly hit the "view" button and it will open the chart in question. It is also managed from a single user interface which you can customize to suit your trading environment. Something else that AxiTrader has included free for all of their clients is their Autochartist.
These are third-party provided services however, and they do feature minimum trading volume requirements. To properly support EA trading, it also offers a wild range of VPS services. In New Zealand, the company is licensed for the provision of financial derivative-focused services. Good well rounded broker, nice tight spread and good customer service! Moreover, they have a host of other features which will satisfy the professional traders among you. This could be an attractive solution for those professional traders who trade high volume through their algorithms.
Learn the Top-5 Forex Trading Techniques. Enter your email below:
Companies can ask for reviews via automatic invitations. Anyone can write a Trustpilot review. Claim your profile to access Trustpilot’s free business tools and connect with customers. We perform checks on reviews
How much does axitrader charge for withdrawal?
Withdrawals. Withdrawals are free if they are above US $50 or for the full balance of your Account. Otherwise, an administration fee of US $25 may apply. For further withdrawal information, please see here.
AxiTrader Leverage
Most traders will no doubt be aware of this platform and many will have used it at other brokers. The standard account will not charge you a commission on the lots but spreads will start from 1pip. The Pro account comes with lower spreads but will charge you a commission based on the number of lots that you trade. Axi is a top global broker trusted by thousands of customers in 100+ countries for its innovative, customer-focused approach and competitive fees and spreads. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While both brokers present traders with an excellent trading environment that can benefit from an increase in the overall asset selection, Pepperstone is the superior choice.
They obviously used the erroneous trade/external price to their advantage, using it as a reason to wipe out all my balance that I would have recovered as equity. Please note that with any adjustments, our aim is always to place our company and our clients in a position as close as possible to the outcome that would have resulted had the error not occurred. I first contacted Axi() via email on 14 November about the erroneous external price adjustments which happened on 13 November.
AxiTrader has now made this service available for free to its clients. While some of these services are available for free, there are paid options as well. The focus of the broker is most definitely on providing extra value.
VPS Hosting
However, we would still prefer to use the PC client for most of the advanced trading. This has a pretty extensive array of features for a mobile trading application. When you install it on your device it connects to the AxiTrader server from with your MT4 account details. Of course, you can also give it a whirl with a free demo account beforehand. While it is great that you have so many options for trading with the MT4, we would suggest that you err towards the computer client. The latter is available for download on the AxiTrader platform and is available for both Windows and Mac machines.
The latter allows them to offer their services into the UK and Europe and the former is their Australian licence. We would strongly recommend any trader that is considering using an online CFD broker to confirm their regulatory status. Regulation is perhaps one of the most important questions that any trader may have about a broker. They regularly score top marks for their customer service, trading tools and general transparency. With Axi, you can trade CFDs online and access a wide https://forex-review.net/axitrader-review-scam-or-legit/ range of markets, including Forex, CFDs on shares, indices, commodities, precious metals, and more.
Pepperstone vs AxiTrader
I would have closed out 3 SELL lots and 2 BUY lots by now judging by how the market has moved in the 2 days, and I would have recovered a significant amount of my equity. I held on to all my trades because I was hoping for the XAUUSD to rise, so that I can close out alot of my trades. If the error had not occurred, my trades would not have been closed out, and my balance of around would not have been gone. If we consider that a pricing Error has occurred, we may adjust various parameters of your Position, including potentially reversing or closing out Positions, which may mean that your profit is less than would otherwise be the case, or even that you incur a loss. I wrote in to Axi, asking about the erroneous external price and about my closed trades.
We show the latest reviews
One click trading is part of the MT4 package and the charting options are just superb. This platform is the most popular in the industry for some very solid reasons. The qualities of the MT4 platform hardly need to be praised. The bread and butter of AxiTrader’s platform selection is MT4. They cannot buy actual cyptocurrencies from the broker. They both cover the full range of tradable assets offered by the broker.
For example, with their pro accounts they are offering traders close to 0 spreads on some of the major forex pairs. As mentioned in the fees section, with the pro account you have much lower spreads than the standard account although you do have to pay lot commission. MT4 is available at both brokers, but Pepperstone additional provides traders the MT5 trading platform.
Featured Post
Everywhere you look, it seems that everything this company does is aimed at improving the trader’s experience. One of the more apparent reasons is that, unlike many other brokers, AxiTrader’s customer support is available 24 hours a day, Monday through Friday. For me, stringent regulation by ASIC and positive findings by Investment Trends certainly puts AxiTrader on the list of brokers I can trust. Investment trends found that AxiTrader had the strongest brand association for being “trustworthy” among current FX traders. For instance, as an Australian resident, when you want to open an account you first must show that you have prior trading experience. What I will offer you is a full-fledged review of this broker.
