Want to see if AxiTrader is a legit broker? Is it safe to trade? It spread is high or low? How long to deposit or withdraw funds?
We provide answers to all the questions in this AxiTrader Review.
We checked all AxiTrader licenses and regulations to see if AxiTrader scam or safe. We compared AxiTrader fees like spread & commission from its live account to over 150 brokers, required time for deposit & withdrawal and many more findings all in this review.
What is AxiTrader
AxiTrader is Forex and CFD broker, established in 2007.
The broker started from Australia regulated by ASIC, and expanded further to UK under FCA regulation, offshore SVG and Dubai, overall covering global operations.
|🗺️ Regulated in||Australia, UK, Dubai, SVG|
|🛡️ Is AxiTrader safe to trade||Yes|
|💵 EUR/USD spread||1.3 pips|
|🏦 Deposit||Bank Wire, Cards, Skrill, Neteller|
|💰 Minimum deposit||US$0|
|🏦 Withdrawal||Bank Wire, Cards, Skrill, Neteller|
|💻 Trading platform||MT4|
|💳 Trading markets||Forex, CFDs on Indices, Metals, Energies, Cryptocurrencies|
|📈 Number of product||140+|
|📉 Live chat response||Instant and relevant answers|
License and regulation are crucial to fund security. There are two facts checked, the broker’s license and its background, second how are you protected if something goes wrong.
Is AxiTrader legit
AxiTrader is fully legit and regulated in each region it operates, itis regulated by Australian Securities and Investments Commission (ASIC), top-tier FCA in the UK and recently received license from DFSA in Dubai.
AxiTrader licenses and status
|Entity||Registered in||Regulator||License no.||Status|
|AxiCorp Financial Services Pty Ltd||Australia||Australian Securities and Investments Commission (ASIC)||ACN 127 606 348 AFSL 318232||Currently Regulated|
|AxiCorp Limited||UK||Financial Conduct Authority (FCA)||509746||Currently Regulated|
|AxiCorp Financial Services Pty Ltd||Dubai||Dubai Financial Services Authority (DFSA)||Category 4 license with a ‘Retail’ endorsement||Currently Regulated|
|AxiTrader Limited||SVG||Financial Service Authority of St. Vincent and the Grenadines (FSA)||Registered|
Is AxiTrader safe
AxiTrader is considered safe because it is regulated by several reputable authorities including ASIC and top-tier FCA.
AxiTrader operates 8 offices and is regulated by 3 regulators plus registered in offshore SVG.
AxiTrader compensation scheme
|Entity||Compensation Amount||Negative Balance Protection|
|AxiCorp Financial Services Pty Ltd||No compensation||Yes|
|AxiCorp Financial Services Pty Ltd||No compensation||Yes|
|AxiTrader Limited||No compensation||No|
We recommend to register account with Australia or UK entities as we consider these regulations the best
AxiTrader provides negative balance protection for retail trader accounts, means account balance converts to 0 in case trades go below to negative.
Markets and Products
At AxiTrader you can trade good variety of currency pairs, Forex, CFDs on Indices, Oil, Metals and Cryptos.
For the negative side popular assets like ETFs, Stocks or Futures are not available.
AxiTrader offers two account types, Standard and Pro Account. Islamic accounts available on request.
|Minimum Deposit||0 USD/EUR/GBP||0 USD/EUR/GBP|
|Spreads From||0.4 pips||0.0 pips|
|Commissions||Zero Commissions||7$ round|
Fees and commissions
We ranked AxiTrader fee levels low and average based on Live Account Spreads and compared to 150 brokers in our database.
The spread we collected for popular instruments from 6 markets and over 150 brokers
|Forex||EUR/USD||0.1-0.9||1-1.5||1.6 or higher|
|Indices||US 500||0.1-0.4||0.5-1.4||1.5 or higher|
|Commodities||Gold||0.1-0.4||0.5-2||2.1 or higher|
|Stocks||Tesla||0.1-0.5||0.6-1||1.1 or higher|
|ETFs||US Russell 2000||0.1-0.4||0.5-1.4||1.5 or higher|
|Cryptocurrencies||Bitcoin||0.1-0.5%||0.6-0.9%||1% or higher|
AxiTrader fees are different in each account type.
Pro account spreads are good, we got 0.1 for EURUSD plus 7$ commission.
Spreads only Standard account with variable tight spreads has no commission charges. On our test trades the spreads were average levels compared to industry benchmarks and low for Forex.
|Markets||Instruments||Standard account||Other brokers’ avg spread|
|ETFs||US Russell 2000||–||0.5-1.4|
AxiTrader has low non-trading fees. There is no fee for deposit, or withdrawals, or inactivity fee.
The trading conditions at AxiTrader are good. Almost all trading strategies are allowed including scalping and hedging.
|Change Leverage Allowed||Yes|
For hedging, there is no time limitation for keeping positions.
Scalping is allowed, AxiTrader cooperating with VPS service providers, Expert Advisors (EAs) trading has no restrictions.
AxiTrader Leverage and the change of leverage maximum levels depending on the entity regulations and goes up to 1:500.
AxiTrader charges no deposit fees. You can choose your preferred currency and use bank transfer, credit cards, and e-wallets, although the range is different for each subsidiary.
A bank transfer can take several business days, and payments with credit/debit cards and e-wallets are instant.
|Deposit Method||Funding Time||Fee|
|Bank Wire Transfer||1-3 Working Days||0$|
|Credit / Debit Card||Instant||0$|
|Sofort, giropay, iDeal||Instant||0$|
|Polish Internet Banking||Instant||0$|
There is no minimum deposit requirement, you can start with any amount you wish on both Standard and Pro Accounts.
AxiTrader covers fees for withdrawals, not all methods as deposits available for withdrawals, plus minimum withdrawal amount is applicable.
Withdrawals are processed quickly maximum up to 2 days by the broker, plus additional days for money to appear on your account due to payment providers.
|Withdrawal Method||Withdrawal Time||Fee|
|Bank Wire Transfer||1-3 Working Days||Free|
|Polish Internet Banking||1-3 Working Days||Free|
|Skrill, Neteller||1-3 Working Days||Free|
AxiTrader does not offer any bonuses or promotions, due to regulatory restrictions.
AxiTrader mainstays solely on MetaTrader4. From the negative point, there is no alternative platforms offered.
AxiTrader MetaTrader4 is supporting multiple languages and AutoTrade via Myfxbook, it is available across all devices including Windows, Mac, and Mobile Apps for Android and IOs.
Research and Tools
AxiTrader has good research tools. Youcan useEconomic Calendar, Currency Converter and Forex Calculator on the website and range of tools inbuilt in MT4 including Autochartics, MT4 NexGen and Signal providers.
From the negative points there is no Fundamental data from market leading providers, analytics, technical analysis and daily market analysis are provided by inhouse professionals only.
AxiTrader research tools are available in different places:
- Trading platforms
- Trading resources section on the website
AxiTrader education content is informative and organized. You can learn via trading videos, Webinars, Tutorials, eBooks and various Tools including Expert insights designed by inhouse specialists.
AxiTrader education is good for any level of traders and you can learn:
- Demo account
- Trading videos, articles, eBooks
- Expert Insights
- Copy Trading and PsyQuation
- ‘Learn to Trade’ section on Website
Demo account is offered on free basis on MT4 offered platform.
AxiTrader customer service is good, there are numerous toll-free lines around the world and Live agents are helpful, we also got fast answer on the Live Chat.
Customer Support available 24/5 by:
- Live chat
- Telephone free lines, Call back
AxiTrader live chat is fast response speed we connected almost instantly
|Question Asked||We asked about trading tools.|
|Time of Reply||We were connected to Live Chat almost instantly|
|Quality of Reply||The answer was clear, refereeing to website or platform sections|
AxiTrader is a safe broker to trade. The company is regulated by reputable ASIC in Australia and top-tier FCA.
AxiTrader offers flexibility between account types and pricing models, education and platforms is rather limited, but research tools are on a good level.
We recommend AxiTrader for technical traders, scalpers and EAs traders who prefer MT4 platform
Author of this review
By Jimmy O'Brien
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.