Author: Harry Napier
AxiTrader Review: Check Whether it is a Scam or Legit Broker!
If you are in for trading, you definitely must know which brokers to trust. Nobody wants to let scams steal their money, and we are sure you aren’t an exception! Read our AxiTrader review and find out whether this is another scam or a legit broker!
What is AxiTrader?
In short, AxiTrader is a company created by traders. Yes, these are traders just like you! It was founded in Australia in 2007. Since then, the company has been continuously improving its services. AxiTrader has clients from around the globe: Canada, the USA, Russia, Germany, New Zealand, and more than 100 countries overall!
Interesting fact: AxiTrader has won many international awards. Some of them are for being the most trusted broker, others for being the best MT4 and Forex broker. Check it out here.
Can I Trust AxiTrader?
A broker can only be trusted when there are several key points included. We consider these two factors one of the most important details in our choices:
- Regulations
- Customer Reviews
If both points look good enough, then we can try to make an investment. What about AxiTrader?
Regulations
First of all, AxiTrader is regulated by several authorities: FCA, ASIC, DFSA, FMA. These are respected authorities that only work with legit brokers. That means that if a company is a scam, then you will not find any of these authorities there.
Customer Reviews
AxiTrader has many customer reviews. The majority of these are positive. This means that people trust the company, successfully work with it, and make profits.
Mark, France
“I have been trading for 3 years already. I do not make any investments lately, I only regularly withdraw the money I earn. My first investment with AxiTrader was around $1000. They gave me free access to an advanced trading course and helped me understand how to use many tools. Although I had some experience, I found those materials quite useful. There were some interesting strategies and tips. The customer service is another point I really like it. The guys working there are very friendly and help me out with all trading issues!”
Another customer, Duncan Wamithi, recommends AxiTrader to traders of all skill levels. He mentions that the executions of the trades are fast, statements are sent on time, spreads are good, and the customer service responds quickly.
You can find many other reviews on such services as Trustpilot and others. Also, if you surf any trading forums, you might find up-to-date discussions on the topic there too.
Trading With AxiTrader
The broker is very good when it comes to trading – many assets, instruments, educational materials… All a trader needs is in one place. Let us have a closer look at the service this company provides.
Assets
You must know what can you trade before actually making a deposit. AxiTrader has a huge number of assets including:
- Forex
- CFDs
- Crypto
- Metals
- Commodities
However, stock trading is unavailable here. The broker has already made a great job by gradually adding each of these. It gives more traders an opportunity to work here. The more clients the company has, the better terms will be for everyone.
Platforms
AxiTrader is not special when it comes to trading platforms. There is only the famous software “MetaTrader 4” for Web, Desktop, and Mobile. This means that you can literally trade from any device: computer or mobile, it doesn’t matter.
In addition, there are some assisting tools that make the usage of the platform more efficient. These are the AxiOne and PsyQuotation. They provide detailed AI analysis and keep all your trades in one place.
Account Types
AxiTrader has three account types. These are:
- Standard
- Pro
- Demo
As you could have already guessed, the difference between the first and second types is only in their commissions and spreads. For instance, Standard accounts have no commissions while Pro accounts are charged 7 Australian dollars per each trade. Also, the spreads for Standard accounts start with 1.0 pips, while for Pro accounts they begin with 0.0 pips.
A demo account has some limitations too. It is possible to dummy-trade for only 30 days. You get $50 000 virtual funds that can be spent however you want. Consider this as a service test before you get to the actual trading part.
Educational Materials
We also want to talk separately about the educational materials provided by AxiTrader. Here, you will find a ton of free courses, articles, expert opinions, and a lot of other cool information that will improve your trading knowledge. You can get access to this section by clicking here. There is no need to register for that!
Payments
Now, we shall speak about deposit and withdrawal methods for AxiTrader.
First of all, let us look at the deposits. The minimum deposit for AxiTrader is $0. Yes, this means that you can start trading by investing $10. The only problem is that you will have a hard time making any noticeable profits. That is why the broker recommends making a minimum deposit of $200. This amount will at least let you see some earnings.
Second, let us look at the withdrawals. Banks do not process payments with amounts that are less than $50. Some payment methods have a minimum withdrawal amount of $5, others will withdraw any amount. Detailed information can be found here.
Conclusion
AxiTrader is a good choice for any trader. It is regulated by several authorities, and it is also trusted by many customers. The reviews state that the broker is great and provides the best service. There were several conflicts with traders but the company has done everything possible to solve those issues.
You could say that AxiTrader is an example for other brokers. Many payment methods, many assets, only trusted software, and great service: this is everything a trader needs.
What do you think about it?
