Risk Warning

　　Online spanading involves significant risk, and you may lose all of your invested capital. It is not suispan for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is Axitrader？

　　This Axitrader is said to be registered in the UK. It is a fake broker pretending to be another UK-based legit broker-Axi (authorized and regulated by FCA, with regulatory license number 509746). This Axitrader is scamming traders by displaying some clone licenses, but actually, it is not subject to any regulation. Traders need to take extra vigilance to distinguish legit brokers from frauds.

　　In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

　　AxiTrader offers several advantages, such as reliable MT4 trading platform and dedicated customer support. Additionally, AxiTrader provides a wide range of markets to trade.

　　However, AxiTrader ASIC and FCA licenses are both suspicious clone, and there have been reports of scams and withdrawal issues, which should be taken into consideration.

　　Please note that the above table is based on the information provided and may not cover all aspects of AxiTrader.

Axitrader Alternative Brokers

　　There are many alternative brokers to Axitrader depending on the specific needs and preferences of the trader. Some popular options include:

• 　　FX Broadnet - a reputable forex broker offering competitive trading conditions and a wide range of financial instruments, making it a solid choice for traders of all levels.

• 　　Tasman FX - provides a user-friendly trading experience with competitive spreads and reliable customer support, making it a recommended option for traders seeking a trustworthy broker.

• 　　TeraFX - offers a comprehensive range of trading tools, competitive spreads, and a reliable trading environment, making it a recommended choice for traders looking for a diverse and professional trading experience.

　　Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Axitrader Safe or Scam？

　　Axitrader Australia Securities & Investment Commission (ASIC, License No. 318232) and Financial Conduct Authority (FCA, License No. 509746) licenses are both suspicious clones. It is important to carefully review and verify the information from reliable sources. Regulatory licenses play a crucial role in ensuring the safety and security of traders' funds, so it is recommended to trade with brokers that hold valid and reputable licenses. Conducting thorough research and due diligence is essential when choosing a broker to ensure the safety of your investments.

Market Instruments

　　AxiTrader provides a diverse range of market instruments for traders to engage in. With over 130 products available, traders have access to various financial markets. AxiTrader offers a wide selection of currency pairs in the Forex market, enabling traders to participate in global currency trading.

　　Additionally, traders can trade popular commodities such as gold, silver, and oil, allowing them to take advantage of price fluctuations in these valuable resources. AxiTrader also offers the opportunity to trade indices, giving traders exposure to the performance of stock market indices from around the world.

　　Moreover, AxiTrader includes cryptocurrencies among its offerings, allowing traders to take positions on digital currencies' price movements. The availability of these diverse instruments provides traders with the flexibility to diversify their portfolios and explore different investment opportunities.

Accounts

　　Axitrader provides traders with a range of account options to suit their trading needs. Traders can start by exploring the platform and practicing their strategies with a free demo account, which comes with $50,000 in virtual funds.

　　For live trading, Axitrader offers three main account types: Standard, Pro, and Elite. The Standard and Pro accounts have no minimum deposit requirement, allowing traders to start with the amount that suits them best. On the other hand, the Elite account requires a minimum deposit of $25,000, catering to more experienced and high-net-worth traders. These different account types offer flexibility and cater to traders with varying levels of experience and trading capital.

Leverage

　　AxiTrader offers a maximum leverage of 500:1, allowing traders to amplify their trading positions. Leverage is a powerful tool in the financial markets as it enables traders to control larger positions with a smaller amount of capital. With a leverage ratio of 500:1, traders can potentially magnify their profits if the market moves in their favor.

　　However, it's important to note that higher leverage also increases the risk of potential losses. Traders should exercise caution and use leverage judiciously, considering their risk tolerance and trading strategy. AxiTrader's provision of high leverage allows traders to potentially enhance their trading opportunities but also emphasizes the importance of responsible risk management practices.

Spreads & Commissions

　　AxiTrader offers competitive spreads and commissions to its traders. The spreads start from 0.4 pips for the Standard account, providing traders with relatively tight pricing. For the Pro and Elite accounts, the spreads start from 0.0 pips, offering even more favorable pricing conditions. In terms of specific examples, the typical EUR/USD spread is 1.3 pips for the Standard account and as low as 0.2 pips for the Pro account. These competitive spreads can contribute to cost-effective trading for clients.

　　Additionally, AxiTrader applies commissions for certain account types. The Standard account does not have any commission charges, while the Pro account incurs a commission of $7 round trip, and the Elite account has a commission of $3.50 round trip. Traders should consider the spread and commission structure when evaluating the overall trading costs with AxiTrader.

　　Below is a comparison table about spreads and commissions charged by different brokers:

　　Please note that the information provided is subject to change and may vary depending on the specific account type or trading conditions offered by each broker. It is always recommended to refer to the official website or contact the brokers directly for the most up-to-date and accurate information.

Trading Platforms

　　AxiTrader provides a range of trading platforms to cater to the diverse needs of its clients. One of the key platforms offered is MetaTrader 4 (MT4), a widely recognized and popular trading platform. MT4 is available for various devices, including PC, Mac, Android, iPhone, and WebTrader, ensuring accessibility and convenience for traders on different operating systems. The platform offers a user-friendly interface, advanced charting tools, customizable indicators, and a wide range of trading features.

　　Overall, AxiTrader's trading platforms provide a robust and versatile trading experience for traders of all levels.

　　See the trading platform comparison table below:

　　Additionally, AxiTrader offers copy trading functionality, allowing traders to follow and replicate the trades of successful traders in real-time. This feature can be beneficial for those who prefer a hands-off approach or wish to learn from experienced traders.

Trading Tools

　　AxiTrader goes beyond the basic trading tools by offering additional features and resources to enhance the trading experience of its clients. One notable tool is the Myfxbook Autotrade, which is an online automatic analytics tool that connects with your forex trading account.

　　Additionally, AxiTrader provides a range of trading calculators, including a Margin calculator, profit/loss calculator, pip calculator, and currency calculator. These calculators assist traders in making informed decisions by quickly calculating important trading parameters such as margin requirements, potential profits or losses, and pip values. These tools offer convenience and efficiency, enabling traders to focus more on their trading strategies and analysis.

Deposits & Withdrawals

　　AxiTrader provides a range of convenient and secure options for both deposits and withdrawals. Clients can fund their accounts using various methods, including credit/debit cards, bank transfers, FasaPay, Neteller, Skrill, PIX, Boleto, internet banking from different countries, QR Payments, and AstroPay.

　　The company offers free deposits and withdrawals, eliminating any additional fees that clients may incur during the transaction process. The minimum deposit and withdrawal amounts may vary depending on the chosen payment method. AxiTrader supports multiple base currencies, including AUD, EUR, GBP, USD, CHF, and PLN, allowing clients to operate their accounts in their preferred currency.

Axitrader minimum deposit vs other brokers

　　In most cases, deposits are processed instantly, ensuring that funds are available for trading promptly. For withdrawals, AxiTrader aims to process requests efficiently, and most withdrawals can be completed within 1-3 days. This swift processing time ensures that clients can access their funds in a timely manner, enhancing their overall trading experience with AxiTrader.

　　See the deposit/withdrawal fee comparison table below:

Customer Service

　　AxiTrader takes pride in providing excellent customer service to its clients. With 24/5 multilingual support, traders can reach out to the company's knowledgeable and friendly support team via various channels, including live chat, phone, WhatsApp, and email.

　　Additionally, the broker offers a comprehensive Help Center where clients can access a wealth of resources, including FAQs, tutorials, and educational materials to enhance their trading knowledge. AxiTrader maintains an active presence on popular social networks, including Telegram, Twitter, Facebook, Instagram, and LinkedIn, allowing traders to stay updated on the latest news, market analysis, and promotional offers.

　　The combination of responsive customer support, a robust Help Center, and engaging social media presence demonstrates AxiTrader's commitment to ensuring a positive and reliable customer experience.

　　Please note that the pros and cons listed above are based on general observations and may not represent the complete range of customer service aspects at AxiTrader.

User Exposure on WikiFX

　　On our website, you can see that reports of scams and unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. Our website provides valuable information and resources to help traders make informed decisions. We have a dedicated Exposure section where users can report fraudulent brokers or share their experiences if they have been victims of scams.

　　Our team of experts is committed to addressing such concerns promptly and taking necessary actions to resolve any issues. We prioritize the safety and satisfaction of our clients and strive to maintain a trustworthy and transparent trading environment.

Education

　　AxiTrader is dedicated to providing a comprehensive educational experience for traders of all levels. Through Axi Academy, we offer a wide range of resources to enhance traders' knowledge and skills. Our webinars cover various topics, including market analysis, trading strategies, risk management, and more. These live sessions allow traders to interact with industry experts and gain valuable insights. Additionally, our collection of eBooks provides in-depth information on various aspects of trading, helping traders to expand their understanding of the markets.

Conclusion

　　In conclusion, AxiTrader is an unregulated forex broker, who claims to offer a wide range of trading instruments with competitive trading conditions through the MT4. However, it's important to note that there have also been reports of scams and withdrawal issues, highlighting the need for caution and thorough research before trading with this broker.

Frequently Asked Questions (FAQs)