Traders-to-be have to pay careful attention when they are choosing a broker who is going to be their business partner in the dynamic and versatile Forex market. New traders have to have the security and trust to be able to trade properly. The Australian and UK AXITrader Forex broker is one of the brokers that ensures a safe and secure trading environment for its clients. The AXITrader review will give you full information on this broker and its role in the market.
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AXITrader History
AXITrader is based in Australia but expanded its business by opening another office in one of the largest financial centers, the UK. The company AXICorp Financial Services Pty Ltd. saw its first daylight in 2001 when it was founded, but engaged in the Forex business in 2008. Long-term experience is always a plus for traders who believe that the old-school companies can offer more. The broker was awarded several times for best performance, the most trustworthy broker in Australia, etc. The AXITrader is regulated by ASIC and the FCA since its main seat is in Australia and the branch office in the UK. This is good news for all AXITrader investors since both regulators are known as responsible institutions which genuinely try to keep the financial market safe and fraudsters away. The most surprising info about this broker is that it accepts US clients since European brokers never do. This is mostly because the trading laws are different and what is legal in Europe, isn’t in the USA. As far as the US market, the broker offers the AXITrader white label platform to American traders.
Trading Platforms with AXITrader
As a broker who works internationally, the AXITrader opted for the standardized MT 4 platform which is preferred by Australian as well as UK clients. Meta Trader 4 is always a safe bet. The simple trading software is well equipped for beginner and professional needs. The broker has an open policy on slippage and warns clients about it, but it also has a tendency to increase spreads which can negatively affect traders, but especially scalpers who rely on steady spreads. Yet again, the broker offers no re-quotes to the delight of many traders. Since mobile trading became inseparable from the Forex industry because the majority of traders want to have both options, tot rade from home and on the go. If you are one of such traders (and probably you are) then download the AXITrader mobile app to your iOS or Android mobile phone or tablet.
Account Types with AXITrader
Besides the tailored White Label service for US citizens, the AXITrader broker offers two more accounts to its European, Australian and all other traders. AXITrader MT4 Standard account: 80 tradable currency pairs, and astonishingly, there is no minimum deposit, but, an account cannot be opened without depositing $200. The AXITrader Pro account offers spreads as low as 0.1. This account requires a commission from $3.50 per lot, and there is also no minimum deposit, and the account is usually available at $1000. It looks like someone should teach AXITrader the definition of minimum deposit.
AXITrader Bonus
If we look at how many brokers do not have a bonus policy recently, we can conclude that there is a no-bonus trend taking over te industry. Unfortunately, AXITrader is also one those brokers who do not have any bonuses at their disposal to cheer up their clients from time to time. Promotions are also not AXITrader’s cup of tea, except for the special Refer a Friend promotion which can earn you 130 GBP. If you register with this broker, be prepared never to get any extra trading bonuses. Bonuses are important to traders, but they still put security over the bonus policy which means that this reliable broker can probably get away with this shortage.
Payment Methods with AXITrade
The Forex market is all about depositing and withdrawing, and money circulation has to run smooth on both sides of the end. AXITrade accepts several payment methods such as bank transfer, credit card payments including VISA, MasterCard, VISA Delta, Maestro MasterCard, Debit Card, JCB, Wire Transfer to NatWest, and MasterPass. Withdrawal requests are processed within 24 hours, but it will probably take some time until they show in your account. The broker does not charge any fees on their part. It is quite a surprise that the broker does not include any e-wallets, but still at least the variety of credit cards is large.
Customer Support
The AXITrader customer support seems to be well-equipped and offers competent assistance if traders reach a dead end and do not know what to do. The customer support is available 24/7 and can be reached via phone, e-mail, but traders can also request a call back or chat. The customer support is available in nine different countries like Germany, China, Singapore, Spain, etc. Overall, this broker seems to be a decent broker who offers fair trading conditions and provides all necessary assistance and tools to keep their traders satisfied.