Offers and new customer experience - A quick and easy sign up process
At the time of writing your AxiTrader review, we couldn’t seem to locate any kind of new customer offer on the site. In all honesty, we weren’t that surprised as new customer offers or “bonus” offers are actually pretty rare when you sign up to any online broker platform. As a result, the lack of a new customer offer here won’t really impact our AxiTrader ratings too much.
As far as opening your account on the platform goes, we found the whole process to be a breeze. Users just need to navigate to the “open account” button in the top right-hand corner of the homepage. From there, you are going to fill in some information about yourself like your first and last name, your country of residence, your phone number, and your email address. Tick the box that says you have read AxiTrader’s privacy policy and click submit.
You will then need to verify that you have received the confirmation email. After that, you need to verify your identity by sending through a copy of your I.D, passport or driver’s license via email. Once AxiTrader Australia has confirmed your identification, you can then finish off the process by funding your account with one of the numerous payment methods on the site. The whole process can take you less than 15 minutes depending on how busy the AxiTrader team is at the time.
AxiTrader Highlights
- Leverage up to 30:1
- Margin trading as low as 5%
- Trade CFDs on plenty of available trading markets
Usability – A fluid trading experience
One thing that the best online brokers will get right is the usability of their platforms. It’s a real shame when you find a broker that offers the trading markets you are looking for only for you to find that the site is an absolute pain to use. Thankfully, our AxiTrader review Australia found that this particular broker is a breeze to use.
The desktop version of the site is everything we could have hoped for. Fluid, easy to navigate, and laid out in such a way that you’ll have no issues finding the markets you are looking to trade. There are thousands of different markets for you to trade on the AxiTrader Australia platform so it’s crucial that they get the layout of the site right to make it easier for you to execute trades.
Aside from the desktop version of the site, you can access the AxiTrader Australia mobile app as well. It is a streamlined and exceptional mobile app that offers you just about everything that the desktop version of the platform does. You can download the app for Android and IOS so no one is getting left behind. To give you an idea of just how highly we rate the AxiTrader platform in terms of usability we suggest comparing it with our
Eightcap review.
Accounts – 2 different accounts to choose from
Our AxiTrader review Australia found that users could choose from 2 different account types on the platform, 3 if you include the demo account option. All 3 accounts are suitable for beginner traders.
The first account is the MT4 standard account. This account gives users access to leverage of 400:1 on certain trading markets and spreads starting from as low as 1. The minimum deposit amount for the MT4 standard account is AUD5 which is pretty low when compared to other brokers like
Admiral Markets Australia. Users of the standard account also won’t have to pay any commissions on their trades.
The only real differences between the MT4 standard account and the MT4 pro account are the commissions and the spread. Everything else is essentially the same. However, the MT4 Pro account users will have access to much tighter spreads, starting from as low as 0.1. MT4 Pro account users will have to pay up to AUD7 commission on trades that reach a certain amount though.
Fees – What you’ll need to pay up for
The fees at AxiTrader really don’t need much explaining. There are zero transaction fees for your deposits and withdrawal on the platform.
Thinking of going pro? Your pro account pricing for an average lot trade is $3.5 with an average spread of 0.4 pips on EUR/USD. The trading fees for forex and CFD crypto trading are generally quite low but you can see this for yourself by checking out the live forex spreads page at AxiTrader.
All in all, AxiTrader makes a concerted effort to keep fees on the platform as low as possible. You won’t find yourself having to keep track of every little charge or cost from your account fees to your deposit costs.
Our AxiTrader review was happy to see the inclusion of MetaTrader 4 and MetaTrader WebTrader platforms on the site. MetaTrader 4 has become a stalwart of the top online broker firms. The platform functions efficiently and makes your day to day trading a breeze.
MetaTrader 4 is typically used by your more advanced trader but after some time playing around with the platform even your more novice trader can make use of its qualities. The trading platform provides you with real-time charting, live pricing, full market coverage of all the commodities, indices, CFDs and cryptocurrencies on the AxiTrader site. It is a flexible trading platform that gives you all the tools you need to make a success of your day to day trading activities.
The MT4 WebTrader platform is essentially the same thing as the MT4 trading platform, only you can access the platform via the web. This means you won’t have to download the app to your desktop or mobile but rather that you can access the platform by simply signing in through your AxiTrader account on the web.
Whatever your preference, the MT4 trading platform is an exceptional tool to not only make your trading easier but to help you improve your overall trading prowess as well. Check out our Easy Markets review to see what other trading platforms are out there.
Trading Payments – Topping up your AxiTrader account
There is a decent selection of payment methods for you to choose from when it comes to making your deposits and withdrawals on the AxiTrader platform. The best part about making deposits and withdrawals over at AxiTrader is that they don’t charge you a penny for any of your transactions.
If you are looking to make your first deposit on the site, you can do so by using credit/debit card, POLi, Neteller, Skrill, Global Collect, and bank transfers. These options can also be used for your withdrawals as well. The longest processing times from these options will be global collect which can take up to 5-business days to clear and bank transfers which can take up to 3.
Customer Service – Live chat available
Our AxiTrader review found that the customer service on the site was of a high standard. We chatted with one of the support staff members and found them to be patient with our very simple questions and most importantly, they were friendly and welcoming.
You can contact the support team at AxiTrader Australia via the live chat feature, their telephone number or simply by sending them an email. We found the live chat feature to be the best route for having your problems or questions resolved quickly as the team at AxiTrader Australia responded very quickly. You’ll be able to contact the support team at any time during the day as they are open 24-hours a day. You won’t be able to contact them on weekends though as the service runs 24/5.
All in all, our AxiTrader rating is high as a result of the quality customer support we received. You can see just how highly we rate them with our AxiTrader ranking. Check out our Fusion Markets review to see how we rated their customer service.
Regulation and Deposit Insurance – Is there an AxiTrader scam happening at all?
If you were at all concerned about the legitimacy of AxiTrader, you don’t need to be. AxiTrader has obtained their brokerage license from the Australian Financial Services which indicates that they have passed all the checks and balances to be able to operate legally in Australia.
Aside from the license that they hold, Axitrader also holds all of their users’ funds in a separate trust account. This is a pretty firm answer to the question “is there an AxiTrader scam happening?” as it shows the broker will in know way use your funds to cover any of their own debts. Should the broker ever become insolvent, your funds will be returned to you.
Additional Features - Is AxiTrader safe to use?
There are plenty of useful features on the AxiTrader Australia platform; for one, there is the demo account feature which allows you to fully test the site out with fictional funding so that you can trade using MT4 and the available trading markets. This way you can test out the site to see if it’s going to be the right fit for you.
Apart from the demo account, there are plenty of educational resources on the site such as seminars and webinars, a beginner’s guide to trading forex, CFD trading basics, and more. That is why we have mentioned that AxiTrader Australia is perfect for new traders as they genuinely try to get you started off on the right foot with your trading endeavors.
