AxiTrader Broker Review
| Company | AxiCorp Financial Services Pty Ltd |
|---|---|
| Founded in | 2001 |
| Online since | 2008 |
| Offices in | Australia |
| Payment options | BPAY, Credit Cards, Debit Cards, Wire Transfer |
| Demo Platforms | Meta Trader 4 Limited to 30 days Use |
| Account currencies | Euro, Japanese yen, New Zealand dollar, Singapore dollar, Swiss franc, United States dollar |
| Currency pairs | AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/USD CHF/JPY EUR/AUD EUR/CAD EUR/CHF EUR/GBP EUR/JPY EUR/NZD EUR/USD GBP/AUD GBP/CHF GBP/JPY GBP/NZD GBP/USD NZD/JPY NZD/USD USD/CAD USD/CHF USD/JPY USD/SGD USD/ZAR |
| Regulated by | ASIC |
| US Traders welcome? | No |
| Bonus? (detailed) | |
| Website available in (languages) | Chinese, English |
| Support available in | Chinese, English, Spanish |
| Support methods | Email, Live Chat, Phone, Skype, Web Form |
| Account Types (micro standard executive islamic) | Standart, Pro ECN |
| Or others. | |
| Minimum account size | 250 |
| Minimum position size | 0.01 Lot |
| Spread type | Variable |
| Typical spread on EUR/USD, pips | 1.3 |
| Minimum spread on EUR/USD, pips | 0.6 |
| Scalping | Allowed |
| Expert advisors | Allowed |
| Trading instruments (GOLD; CFD, etc. and the leverage) | Forex- 1:400, Gold & Silver – 1:100, CFD- 1:100, Oil – 1:100, Oil – 1:100, Indexes – 1:100 |
| Trading platforms | Meta Trader 4 |
| Digits after the dot in quotes | 5 |
| Margin call level | 90% |
| Stop-out level | 20% |
| Number of currency pairs | 25 |
| Interest rate on funds | Yes |
| Trading contests | Yes |
| Free education | Yes |
| Personal manager | Yes |
| Trading by telephone | Yes |
| MAM accounts | Yes |
| Segregated accounts | Yes |
| Affiliate program | Yes |
| Hedging | Yes |
| Overnight interest rates (swaps) | Yes |
| Trailing stop | Yes |
| Pending orders | Yes |
| Mobile trading | Yes |
| Automated trading | Yes |
AxiTrader broker is actually AxiCorp Financial Service Pvt. Ltd and was established in the year 2001. However, the company started its internet based online trading only in the year 2008. They have their office in Australia and is regulated by ASIC which is a regulating authority in Australia. They also offer interest rates on the funds. They conduct various trading contests which increases the interest of the customers in the company as well as trading. Free education through various tutorials is available on the company’s website and it helps the experienced traders to improve their trading skills whereas helps the new trader to learn new trading skills and understand the forex market better. They also offer personal manager to each trader who helps in managing their accounts better. Other tan Standart and Pro ECN accounts they also offer PAMM, MAM and segregated accounts. They allow scalping and hedging to their customer which helps them gain interest in short span of time.
They offer the traders to make payments through BPay, credit cards, debit cards and wire transfer. They make sure that the traders face no problem while depositing and making a withdrawal. The dmo account is available free of cost and the trading platform offered is Meta Trader 4 limited to a use of 30 days. Meta Trader 4 is the most used trading platform in the forex market and is also the most trusted and reliable platform and is also offered when you start real trading. Their website is available in 2 languages Chinese and English. The customer support service is available in 3 languages, Chinese, English and Spanish via email, live chat, phone, web form and even Skype. The account types offered is Standart and Pro ECN and the minimum deposit required to open an account with them is $250.
The reviews speak volume about the company and its performance as well as the quality of service offered. The most talked about feature of the company is that they offer their traders the facility of trading in Gold & Silver, CFDs, Oil and Indexes along with forex and the leverage on each of them is 1:100 whereas for forex it is 1:400. They also say that the trading platform Meta Trader 4 is more stable and is very fast. Many like that they offer 25 currency pairs to trade in. Their mobile trading service is also loved by many. All the traders who like to scalp and hedge love the fact that they allow scalping and hedging. The use of Expert Advisor helps them in smooth trading. A few of the cons mentioned in the reviews is that they do not have much payment options and lack of PayPal as one of the mode is a concern for many. Many have raised the concern of the website being available only in Chinese and English. The number of languages in which customer service is available can also be increased. The average rating given to the company by its users is 5.4 out of 10.