AxiTrader review
AxiCorp Financial Services Pty Ltd, also known by its trading name AxiTrader, is a Forex and CFDs broker based in Australia and founded in 2007. After the successful operation during the first years, the broker has been ranked among the most trusted Australia’s Forex brokers with the strongest brand association.To get more news about
axitrader review, you can visit wikifx.com official website.
In 2012 as a part of the company’s global enlargement campaign, the London branch AxiCorp Ltd was opened, as a wholly owned subsidiary of its Australian company.
Axi offers the following tradeable instruments: forex pairs, indices, commodities, and cryptocurrencies. Its product range is quite narrow compared to other brokers.
As an established international group of companies, AxiTrader provides financial products focused on foreign exchange, primarily for retail investors. Tight spreads and fast execution come as standard on all accounts. The AxiTrader’s clients as well enjoying direct access to various liquidity providers from over 14 world’s largest banks.
Is AxiTrader an ECN Broker?
The short answer is Yes, Axi’s Pro account offers ECN-style tight spreads. You can access 140+ currency pairs for forex markets, a $0 minimum deposit, and fast execution with award-winning customer support all from one location through MT4.
AxiTrader Pros and Cons
Our experts find AxiTrader a reliable broker since it’s regulated by good regulations from top-tier FCA and ASIC. AxiTrader provides a range of trading platforms, and various funding methods, with average spreads and excellent customer support. We noticed that Axi has low forex fees, and deposits and withdrawals are free of charge. Its account opening process is smooth and fully digital.
For the negative points, the range of the instrument is narrow and limited to Forex and CFDs. The research tools are limited as well which is another drawback for beginners. Also, the broker’s customer support is not available 24/7.
Overall AxiTrader Ranking
Based on our Review and expert findings, AxiTrader is a trustworthy broker with a good reputation and excellent trading conditions, and attractive offers. We found broker’s low trading fees, also, traders can deposit as low as $1 since the broker doesn’t have any minimum deposit requirements, and overall conditions are good.
AxiTrader Alternative Brokers
Despite all the great conditions with low fees and minimum deposit, we noticed that Axi’s range of instruments is pretty narrow and limited to only FX and CFD. Also, the educational materials for beginners and research tools are limited, and the support is only 24/5. Have a look at our selection of alternative brokers:
Is AxiTrader Safe or Scam?
Axitrader is not a scam but voted timelessly for its trustworthiness, with low-risk Forex trading. The broker is licensed by top-tier regulators ensuring clients’ safety and compensation in case of insolvency.
Is AxiTrader regulated?
AxiTrader is licensed and regulated by the two main authorization institutions Financial Conduct Authority (UK) and by the Australian Securities & Investments Commission. Since over-the-counter derivatives carry significant risks traders should be assured they’re dealing with a transparent provider, which can be provided only by the regulated broker.
In this case, the client’s funds are safely kept in segregated accounts with top-tier banks and secured by compensation schemes. As well as all online transactions, executions, or traders’ manipulations are fully encrypted and follow operational guidelines.
