AxiTrader Review: Features, Pros, Cons, and More 2024!

AxiTrader is a forex and CFD broker that provides online trading services globally. Based in Australia, it is regulated by top regulatory authorities including ASIC, SVG, FSA, DFSA,FCA. AxiTrader offers 220+trading instruments, including shares, forex pairs, indices, commodities, and cryptocurrencies. It supports popular trading platforms and tools such as MT4 and Axi Trading platforms

Though AxiTrader is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses. In this review, we will take an in-depth look at AxiTrader, exploring its features, pros, cons, and more. By reading this review, you will gain a better understanding of whether AxiTrader is the right broker for your trading needs and preferences.

What is AxiTrader?

Founded in Sydney, Australia in 2007 by traders, Axi has grown into a global brand with 60,000 clients from over 100 countries. More than 220 forex and CFDs can be traded on its MT4 platform. The Axi Trading platform will soon be available for real trading. Tools like Autochartist and MT4 NextGen are provided while the Axi Copy Trading app is for social trading.

Key Features:

• Applicable For: Applicable for all jurisdictions including ASIC, SVG, FSA, DFSA,FCA
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments: shares, forex pairs, indices, commodities, and cryptocurrencies.
• Trading Platforms: MT4, NextGen
• Minimum Deposit:  $0
• Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
• Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.0 pips for the Pro and Elite account, $7round trip per lot for the Pro account, and $3.50 for the Elite account.
• Minimum Trade Size: 0.01 lot. 
• Maximum Trade Size (Lot restriction per Ticket): 100 Lots 
• Funding Currencies: EUR, USD, PLN
• Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 50%
• Margin Call Level: 80% 
• Negative balance Protection: Yes 
• Investor Protection:  Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction. 

AxiTrader Pros and Cons

Pros:

• A global broker since 2007.
• Regulated by FCA, ASIC, DFSA, and FMA.
• Serves over 60,000 customers in 100+ countries.
• No deposit and withdrawal fees.
• The minimum deposit is as low as $0.
• Allows scalping, EA trading, and news trading.
• Offers passive investment programs like MAM, PAMM, and Zulutrade.
• Maximum leverage is as high as 500:1. (Depending on region)
• Offers a wide range of trading instruments including forex, metals, indices, commodities, and cryptocurrencies.
• Spread betting is available for the UK market.
• Spreads are low and start from 0 pips.
• Easy and digital account opening process.
• AutoChartist, MetaTrader 4 NextGen, and PsyQuation are offered.
• Signal providers and free VPS are offered (conditions apply)

Cons:

• Not regulated by CySEC, a leading regulator for EU countries.
• The demo account expires after 30 days.
• The broker does not offer more advanced platforms like MT5 and cTrader; only MT4 is available.
• The commission is $7 for the pro account, which is a bit high compared to competitors.
• Only forex and CFDs are offered; no real tradable assets are available

Our Ratings for AxiTrader:

Review and Reputation on Public Domains:

Public review sites like Trustpilot and Forex Peace Army have become important sources of information about brokers. Many traders share their real-life trading experiences on these platforms. However, there are also many fake or paid reviews on these platforms, and sometimes competitors leave negative reviews. This makes it challenging to find genuine reviews. By carefully reading the content and context of the reviews, you can often discern their authenticity. Do not blindly rely on these reviews; instead, use them as part of your overall broker research process

AxiTrader Ratings and Reviews from Trustpilot:

 AxiTrader has earned a rating of 4.8 out of 5 on Trustpilot. These high ratings indicate customer satisfaction and trust. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.

AxiTrader Ratings and Reviews from Forex Peace Army:

 AxiTrader has achieved an average rating of 3.8 out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. Several reasons might contribute to this. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.

Final Verdict:

AxiTrader is a regulated forex and CFD broker that offers its trading services to traders and investors worldwide. It provides a wide range of trading instruments, including shares, forex pairs, indices, commodities, and cryptocurrencies. The broker’s spreads start from as low as 0.0 pips, and it offers high leverage (up to 1:500 Depending on region) and a low minimum deposit (as low as $0). With top-tier regulations, a variety of trading instruments, high leverage, low minimum deposit, fast execution, and flexible account types, AxiTrader can be a good choice for many traders.

However, the broker does not accept US clients. It also does not have any investor protection scheme for non-UK/EU traders. Additionally, AxiTrader does not offer any real stocks or cryptocurrencies; it offers only forex and derivatives. 

If you are a forex and CFD trader looking for a trusted broker, AxiTrader can be an ideal choice for your trading journey. However, We always encourage traders to test brokers with a demo account or with a small deposit. Once you are satisfied with the trading conditions of the broker, you may proceed with real trading.