[ratings id=”7422 “]

axi
FXSUCCESS RATING (4.5 OUT OF 5)
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AXITRADER OVERVIEW

COMPANY INFORMATION ACCOUNT INFORMATION
Broker Name AxiCorp Financial Services Pty. Ltd Segregated Account Yes
Website  www.axitrader.com Islamic Account No
Headquartered In Level 3, 80 Mount Street North Sydney, NSW 2060, Australia Institutional Account Yes
Founded In 2008 VIP Service Yes
Regulating Authority ASIC (#318232) PAMM / MAM Account  MAM
US Clients Accepted No Deposit Option Credit/Debit Card, Bank Wire, Bpay, Neteller, Skrill, Global Collect, TB
Broker Status Independent Broker Withdrawal Option Credit/Debit Card, Bank Wire,Neteller
Broker Type DMA/STP , ECN/STP TRADING TERMS
Telephone Number 1300 888 936 (+61 2 9965 5830) Trading Platform
MT4, MT4 Nexgen, MT4 Pro, MT4 for MAC, MT4 for iphone/iPad,
Android, MT4 Multi Account Manger, Myfxbook, ZuluTrade
Fax Number 1300 888 906 (+61 2 9965 5899) Precision Pricing 5 Digits
Email Support [email protected] Type of Spread Floating
International Office France, Austria, UK, Australia, Spain, Russia Commission

$7 Round on pro ECN

Web Site Language Chinese, English, Bahasa, Spanish, Japanese Scalping Yes
ACCOUNT INFORMATION Hedging Yes
Free Demo Account Yes Expert Advisors Yes
Min. Deposit $200 Lowest spread Lowest spread on EURUSD 0.1 Pips
ECN Deposit $1000 Trading Instruments Metals, Oil, Gold, Silver, Indices, Stocks, Commodities, Forex, CFDs, Energies, Option
Account Currency AUD, JPY, GBP, CHF, NZD, USD, EUR, SGD, HKD One Click Execution Yes
Maximum Leverage 400:1 OCO Orders Yes
Minimal Order Vol. 0.01 Managed Account No
TRADING TERMS Email Alerts Yes
Interest on Margin Yes Mobile Alerts Yes
OS Compatibility Mac, Windows, Mobile, Web, iPhone, iPad Trailing Stops Yes
Streaming News Feed Yes Mobile Trading Yes
Charting Package No Web Based Trading No
Trading Signal Yes ( Zulutrade, Myfxbook) CUSTOMER SUPPORT
Market Commentary Yes Customer Support Lang Multi Lingual
CUSTOMER SUPPORT Personal Account Manager Yes
Customer Service Hours 24/5 Email+Phone support Yes
Place Trades Over the Phone Yes Email Response time Within 24 hours
PROMOTION PROMOTION
No Deposit Bonus No Trading Tools Yes
Bonus for First Deposit No Other Promotion No
Free VPS Yes (50 lot per month) Close trade over the phone Yes
REAL TIME SPREAD MONITORING

CURRENT PROMOTION
  No Promotion  

IMPORTANT NOTE: All above information is successfully verified by AXITRADER TEAM. If you find anything worng then must inform us immediately.

 

ABOUT AXITRADER

AxiTrader is an Australian company established to provide innovative online financial products and services, and is there to assist you with all your trading needs. In short you can trade Margin FX, Global Indices, Precious Metals and Commodities, all with competitive rates and spreads. For your peace of mind all funds deposited with AxiTrader are held in a segregated trust account with a local major bank in Sydney. • No Commission • Start trading with as little as $1000 • Automatic fills up to $5 Million • From 0.6 pips spreads on FX majors • Trailing Stop loss orders • Trade currencies, share indices, metals and commodities • A trading platform that provides: – Fully functional demo accounts – Total reliability – Built in charts and indicators – Dow Jones News – Multi language interface.

TRADING PLATFORMS

AXITrader offering differnt kind of trading platform for better trading. Such as..

  • Meta Trader 4
  • MT4 Nexgen
  • MT4 Pro
  • MT4 for Mac
  • MT4 for iPhone/iPad
  • MT4 for Android
  • MT4 Multi Account Manager
  • MyFxBook Auto Trade
  • Signal Trader AutoTrading
  • ZuluTrade

TRADING ACCOUNTS

account

 

COMMISSION AND SPREADS

Currency Pair Standard Account (Variable) Pro Spread ( Variable)
EURUSD 0.6-1.8 pips 0.1-1.0 Pips
GBPUSD 1.0-2.2 Pips 0.1-1.1 Pips
USDCHF 1.0-2.9 Pips 0.2-1.9 Pips
USDCAD 1.1-2.4 Pips 0.2-3.3 Pips
AUDUSD 1.0-1.8 Pips 0.1-1.9 Pips
NZDUSD 1.2-3.6 Pips 0.2-2.7 Pips
GBPJPY 1.0-3.2 Pips 0.2-1.3 Pips
USDJPY 1.0-1.7 Pips 0.1-1.2 Pips
GBPCHF 1.3-5.0 Pips 0.3-3.9 Pips

Check Spread Details

SWAP RATES AND ROLLOVER

Swap is the exchange “interest” or “premium” charged, or earned, on a daily basis for any trades carried from day-to-day (rollover). It is based on the yield exchange rates between the Base currency (first listed) and Term currency (second listed) of the currency pair. For example, if you were buying the AUD and selling the USD, there is a large gap between the interest rates of the US and Australia, therefore you will receive a positive swap overnight. If you were selling the AUDUSD or going ‘short’, you would pay a swap charge. The rollover is done each morning at 00:00 Server time.

You can determine the swap rate for a particular product by following the simple steps below in MetaTrader 4:

# Right click on a product in the Market Watch window of MetaTrader 4 and select Symbols.

# Select the product you wish to check from the list and then select Properties.

# You will find the swap rates for both long and short positions on the window that appears.

MARGIN & LEVERAGE

MetaTrader 4, our trading platform, allows you to monitor and control risk exposure in real time. Based on each client’s margin requirement, the platform calculates both the funds needed to retain current open positions and the trading resources available for entering into new positions or for adding to existing open positions.

From our example above:

If positions remain open and the AUD falls further in value AxiTrader may exercise its right to close some or all of the positions (Liquidation). The Liquidation Level is where the Margin Ratio falls below a certain level. It is currently set at 20% but may vary.

In our example, when the AUD/USD Exchange Rate is 0.7920 the Margin Ratio is:
Account Equity ÷ Margin Requirement = Equity (A$10,000 – A$5,051) ÷ A$5,000 = 99%
As the Margin Ratio is less than 100% the account is in Margin Call.

If the Australian Dollar continues to fall in value against the US Dollar to an exchange rate of 0.7858 then
UnrealizedLosses will rise to US$7,100 (A$9,035) and Account Equity will have fallen to A$965.

The Margin Ratio will be A$965 ÷A$5,000 = 19% and Liquidation will be triggered.

The positions are liable to be closed by AxiTrader.

PAYMENT METHOD

deposit

WITHDRAW OPTION

The margin required depends on the instruments traded:

  • Credit/Debit Card
  • Bank Wire
  • Neteller

POSITIVE SIDE VS NEGATIVE SIDE

POSITIVE SIDE NEGATIVE SIDE
Very popular broker that is regulated from ASIC. During high volatile news time you may get low requotes, slippage, delay trade execution.
Real ECN & STP broker that will give you direct market access. There is no deposit bonus that can be a problem for small investor.
Very good and friendly customer support that we like very much. Minimum investment 200 USD that may little bit high. šŸ™‚
Very low spread that is very effective for scalpier and day trader. There is no promotion for now.
Segregated accounts, investor compensation fund, dealing with top tier banks that really very importat issue. ECN account commission 7 USD that may litttle bit high.
Good trade execution.  
   

 

CONCLUSION

Overall, apart from the minor hiccups above, AXITrader is a reliable and credible broker. Many of the clients are long standing which proves that they are generally happy with the level of service provided by the company.

FXSUCCESS FULL REBATES SPECIFICATION

Click here to check full rebates specification

TRADING INSTRUMENTS STANDARD ACCOUNT ECN ACCOUNT
ALL TRADING INSTRUMENTS Up to 4 USD (0.4 Pips) Up to 1.75 USD

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[ratings id=”5394″]