What you need to know about Axitrader, a trusted forex broker
AxiTrader is an ASIC managed ECN broker based in Sydney. AxiTrader takes pride in its reputation. It is the recipient of several awards such as Best Standard Bank of the 2014 calendar year. AxiTrader serves U.S. customers through its U.S. subsidiary, AxiTrader USA.
Otherwise, AxiTrader offers choices for trading indices, silver, oil, gold and CFDs.
AxiTrader has several accounts to choose from - Normal and Guru. Both accounts offer a choice of CFDs, metals and Forex 6-1 pairs as well as 1:400 leverage. Normal accounts require a minimum deposit of $200 and the spread is currently 0.6 pips.
MT4 regular account
This account has a lot more features. There are no commissions and the minimum deposit is much lower at £200.
MT4 Guru account
This account is designed for forex traders. After buying and selling spreads are lower than the accounts and there is a $7 commission for each round trip trade.
In 2014, trading broker AxiTrader was recognized as a "new institution because it remains "trustworthy". The main reasons that may have contributed to this position are that the company is based in Australia, provides reliable customer service and has been operating from Sydney for over a decade.
AxiTrader is a broker for dealers and focuses on offering what dealers consider necessary to allocate their balances with execution. AxiTrader is one of the most popular trusted spread betting and ECN brokers with over 80 currency pairs being exchanged on their system. AxiTrader allows you to trade accessibility and CFDs on major markets such as commodity indices.
AxiTrader provides some of the tightest spreads in the business - 0.5 and 0.6 pips on EUR/USD and GBP/USD respectively.
The main trading system used is the favored MetaTrader 4, which is also designed for Mac, Windows, i-phone and Android. AxiTrader account manager and Metatrader 4 NexGen are also available.
Alternative deposit and withdrawal methods such as Neteller, lender bank transfer, debit/credit card, and skrill card are provided. AxiTrader has a minimum deposit of $200. The smallest amount you can start depositing with is a microgroup (0.01 of a full lot).
In the UK, AxiTrader is regulated by the Monetary Conduct Authority number 509746 (FCA) and in Australia by the Australian Securities and Investments Commission (ASIC).