AxiTrader was founded in Sydney in 2007. It also launched operations in China in 2015 and in London in 2012. It later expanded into German, Latin America, and Middle East in 2016. It has an AFS license under AxiCorp Financial Services Pty Ltd.
It offers CFDs on commodities, 80 currency pairs, indices, metal, and offers Forex and CFD trading across PRO and Standard MetaTrader 4 account.
Features
The PRO account offers a $7.00 RT omission for those accounts denominated in AUD or USD. The average spread for the standard account is 1.24 pips and 1.14 pips for the PRO account when you factor in 0.44 pips and 0.7 pips average spreads commission.
They only use the MT4 trading platform. This platform comes with a standard features that varies from one trader to another. The platform set ups trading commissions and spreads, an execution method and other significant tools.
It also supports mobile trading for both Android and IOS versions. They also provide research in form of fundamental and technical analysis with daily articles published on their blog. They also make sure that throughout the week there are videos being streamed by the staff, including a weekly outlook and the market morning video.
They also have a third-party tech provider which provides signals and automated technical analysis with its pattern-recognition software. There is Myfxbook feature that offers automated trading signals. It also powers their economic calendar.
If you like a broker with research that offer a good trading foundation. Other features include the MT4 NexGen package available as an add-on, Windows Emulator MT4 Installation for MAC OS installation, and news headlines stream.
Australian residents are required to make a AUD $1000 minimum deposit to have a standard account. The non-residents make AUD $2000 and $5000 for a PRO account. They don’t have a minimum deposit for the UK entity for the PRO and Standard accounts.
Pros
- NexGen add-on enhancing the MT4 trading platform
- Offers incredible range of currency pairs
- Regulated by ASIC and FCA
Cons
- No proprietary platform offered
- Limited range of non-forex CFDs
Conclusion
AxiTrader offers traders competitive pricing and perfect dealer execution. You will have access to over 80 currency pairs and CFDs across the PRO MT4 and Standard accounts through the regulated brands in Australia and UK.