Introduction
AxiTrader is a online brokerages company, headquartered in Sydney, Australia. The company was founded in 2007 by brothers Brendan and Nick Coleman. AxiTrader offers trading in forex, CFDs andspread betting across a range of platforms including the popular MetaTrader 4 (MT4) platform. In this blog post we will take a look at the company’s regulation, trading platforms and instruments as well as the pros and cons of using AxiTrader.
History of AxiTrader
AxiTrader is a leading online forex and CFD broker with offices in Australia, the UK and South Africa. The company offers a wide range of tradable instruments, including forex, Indices, Metals, Energies and Cryptocurrencies. AxiTrader also provides access to the popular MetaTrader 4 and 5 platforms.
AxiTrader was founded in 2007 by two veteran traders, Matt Gilmour and Andrew Edwards. The company was created with the goal of providing retail investors with access to the same professional trading tools and market conditions that institutional traders enjoy.
Since its inception, AxiTrader has grown to become one of the largest brokers in Australia. The company now serves clients from over 150 countries and has a staff of over 200 employees.
AxiTrader is regulated by the Australian Securities & Investments Commission (ASIC).
Regulatory Bodies
Regulatory Bodies
AxiTrader is a regulated broker, authorised and supervised by the Australian Securities and Investments Commission (ASIC). Their registration number is 409563.
AxiTrader is also a member of the Financial Ombudsman Service (FOS) and the Financial Services Complaints Limited (FSCL), which are independent agencies that provide dispute resolution services.
In addition, AxiTrader holds an Australian Financial Services Licence (AFSL), which allows them to provide financial services to clients in Australia.
Trading Platforms and Instruments
AxiTrader offers a variety of different trading platforms and instruments for its clients. The most popular platform is the MetaTrader 4 (MT4) platform, which is available for both desktop and mobile devices. AxiTrader also offers the WebTrader platform for those who prefer to trade online, as well as the more advanced ProTrader platform for professional traders.
In terms of instruments, AxiTrader offers a wide range of forex pairs, CFDs on indices, commodities, shares and cryptocurrencies. There are also a number of different account types available, from standard accounts to VIP accounts with enhanced features and benefits.
One of the main advantages of trading with AxiTrader is that they are regulated by a number of financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). This means that your money is safe and secure with AxiTrader. Another advantage is that they offer very low spreads from just 0.0 pips on major forex pairs such as EUR/USD.
However, there are a few drawbacks to be aware of before you start trading with AxiTrader. One is that they do not accept clients from the US due to regulatory reasons. Another is that their customer support isn’t 24/7 like some other brokers. But overall, AxiTrader is a good choice for those looking for a reputable broker with low spreads and a
Pros and Cons of AxiTrader
AxiTrader is a regulated online broker offering forex and CFD trading. It is headquartered in Australia and is authorized by the Australian Securities and Investment Commission (ASIC).
AxiTrader offers two types of trading platforms: the MetaTrader 4 (MT4) platform and the AxiTrader Pro platform. The MT4 platform is a popular third-party trading platform that is available for free from many online brokers. The AxiTrader Pro platform is a proprietary platform developed by AxiTrader. It is available only to clients of AxiTrader.
AxiTrader offers a wide variety of tradable instruments, including major and minor currency pairs, precious metals, energies, commodities, indices, and cryptocurrencies.
Pros:
– Regulated by ASIC
– Offers two types of trading platforms: MT4 and AxiTrader Pro
– Wide variety of tradable instruments
– Competitive spreads
– Fast order execution
– Negative balance protection
Cons:
– Limited customer support options (no live chat or phone support)
Conclusion
AxiTrader is a popular forex broker that offers a variety of trading platforms and instruments. It is regulated by the Australian Securities and Investments Commission (ASIC) and has a good reputation. However, there are some drawbacks to using AxiTrader, such as high spreads and commissions, limited customer service, and withdrawal fees. Overall, AxiTrader is a good choice for experienced traders who are looking for a reliable broker with low fees.