Axi Trader Review Australia & Test 2022

Is Axi Trader safe or scam?

CFD
Forex
87/100
Rating
Go to AxiTrader CFD
Highlights
  • Leverage up to 30:1
  • Margin trading as low as 5%
  • Trade CFDs on plenty of available trading markets
87/100
Rating
Go to AxiTrader Forex
Highlights
  • 70+ forex pairs available to trade
  • Allow leveraged trades
  • Up to AUD7 commissions

It’s important to find an online broker that is not only a legitimate one but that is also safe to use. That is why we answer the question “is AxiTrader safe to trade with?” in our review of the broker.

Our AxiTrader review takes a closer look at this exceptional broker by showing you how you can create your account, what some of the fees are, how you can contact the support service and what trading markets are available. Our AxiTrader rating speaks for itself but keep reading our review if you want to learn more about this broker.

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
87/100
AxiTrader CFD
Go to AxiTrader
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.

Trading Platforms – MT4 available

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.

FCA - Financial Conduct Authority
ASIC - Australian Securities and Investments Commission
FMA - Financial Markets Authority
DFSA - Dubai Financial Services Authority

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.

AxiTrader CFD

Crypto Trading Offer - 5 major cryptocurrencies available

Our AxiTrader review found that users can trade cryptos via CFDs on the platform. This means you won’t own any actual crypto but that you can speculate on the price movements by going long or short with your CFD position. Our AxiTrader review found 5 different cryptos that can be traded via CFDs that include: Bitcoin, Dash, Ethereum, Litecoin, Ripple.

Trading Costs - Varied costs depending on your position

The trading costs involved with trading cryptocurrency via CFDs is not wholly clear on the site. Our AxiTrader review took a closer look at some of the cryptocurrency options on the platform and still couldn’t find much in the way of a fee. Of course, you won’t need to pay any commission fees on your trades if you are using a standard account. The fee for your crypto CFD trade will ultimately depend on how long you hold your position.

Trading Conditions - Leverage your trade up to 10:1

AxiTrader gives you some room to manoeuvre, whether you are going long or going short, you can leverage your trade up to 10:1. You don’t have to take on any leverage if you don’t want the added risks for increased losses but AxiTrader does make this option available. Remember trading CFDs can be a risky business, especially when you are going short.

Product Summary - A straightforward crypto offering

The range of cryptos available to be traded via CFDs are not going to blow anyone away but there is still a decent selection of the most valuable cryptos. While you may not be able to own the underlying asset, the leverage provided by AxiTrader still gives you the opportunity for high-value crypto trades.

AxiTrader
87/100
AxiTrader CFD
Go to AxiTrader
AxiTrader Highlights
  • Leverage up to 30:1
  • Margin trading as low as 5%
  • Trade CFDs on plenty of available trading markets
AxiTrader Forex

Forex Trade Offer - Over 76 currency pairs to choose from

AxiTrader Australia has a strong selection of forex currency pairs available to choose from on the platform including majors, minors and exotics. There are over 76 currency pairs to choose from with everything from GBP/USD, AUD/USD and USD/CAD to EUR/USD, USD/JPY to USD/CHF. AxiTrader Australia is first and foremost a haven for forex trading which is evident with their diverse selection of currency pairs.

Trading Costs - Standard forex fees apply

There are no non-trading fees at AxiTrader Australia but there are standard forex fees that you will encounter. These are called spreads which will vary depending on the currency pair that you are trading. Our AxiTrader review Australia found that at the time of writing the spreads on the major pairs for a standard account were as follows: EUR/AUD 1.1 pips, GBP/USD 1 pip and AUD/USD 1.4 pips. Check out the live forex rates page to see all the spreads on major minor and exotic pairs.

Trading Conditions - No non-trading fees on the platform

As we mentioned before, there are no non-trading fees on the platform for you to concern yourself with which makes your forex trading much simpler. This means you won’t be knocked by an inactivity fee or account fee to start trading.

Your forex trades will almost always be traded on margin though, this is due to the stability of a currency. So, be wary of how much leverage you decide to take on.

Product Summary - An impressive forex offering from AxiTrader

Overall, we were really impressed with the forex offering over at AxiTrader. With over 70+ currency pairs to trade with, you won’t be short on trading options. You need only look at our XM review for a comparison to see what we mean.

AxiTrader
87/100
AxiTrader Forex
Go to AxiTrader
AxiTrader Highlights
  • 70+ forex pairs available to trade
  • Allow leveraged trades
  • Up to AUD7 commissions

AxiTrader Review FAQ

❓ Can anyone use AxiTrader?

Oftentimes, you will find that some platforms don’t allow certain users to sign up depending on where they are located in the world. Our AxiTrader review takes the time to review the current sign up policy to make sure if Australian residents can trade on the site. If you currently reside in Australia and you are thinking about signing up to AxiTrader then you’ll definitely want to check out our AxiTrader to find out if you can.

🔐 Is AxiTrader safe to trade with?

Just because there are brokers online that you can technically trade with, that doesn’t necessarily mean that they operate with integrity or that they are safe to use. Here at Wetten, we don’t mess around as we assess the overall qualities and safety measures in place at AxiTrader. We’ll let you know for sure whether or not we think AxiTrader is a safe enough broker for you to conduct your trading with.

🎓 Do AxiTrader offer educational resources to use?

For the newer traders out there, sometimes the best thing you can do is get stuck into some educational resources on these broker platforms. As such, our AxiTrader review analysed the platform to see if there were any educational resources available that might give you a crash course in trading certain markets or a beginners guide on using certain trading platforms.

📉 What trading platforms are available at AxiTrader?

It’s one thing to offer plenty of trading markets to trade with but you need the right tools to help you do that. That is why our AxiTrader review dove deep into the site to see what kind of trading platforms are available for traders to use. We’ll let you know if you can use household names like MetaTrader 4 and 5 for your everyday trading needs or if there is only a standard web trader platform given to you by AxiTrader themselves.

Conclusion - Our AxiTrader review Australia

That brings our AxiTrader review to a close. All in all, we were really impressed with the range of trading markets available on this site and how easy it was for us to execute a couple of trades with the MT4 trading platform. This site is perfect for beginner traders but offers just enough range to be suitable for more advanced traders as well. You only need to check out our AxiTrader ranking on our site to see how impressed we were by this diverse broker.

87/100
Rating
AxiTrader CFD
Go to AxiTrader CFD
Highlights
  • Leverage up to 30:1
  • Margin trading as low as 5%
  • Trade CFDs on plenty of available trading markets

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