AxiTrader CySEC Regulation 2024: Supervision, Investor Protections, and More

AxiTrader is a forex and CFD broker offering online trading services to traders and investors worldwide. The broker provides a diverse range of trading instruments, including Forex, shares, indices, commodities, and cryptocurrencies. It also supports multiple trading platforms and tools such as Axi Trading Platform (NEW), Copy Trading App, Trading Tools, Trading Calculators, and more.

Although AxiTrader is regulated by several authoritative bodies such as ASIC, SVG, FSA, DFSA, and FCA,  it is not regulated by CySEC (Australian Securities and Investments Commission). In this article, we will explore AxiTrader’ regulations, and its features, and provide a list of alternative brokers that are regulated by CySEC.

Does AxiTrader Operate Under CySEC?

No, AxiTrader does not operate under CySEC (Cyprus Securities and Exchange Commission) regulation. However, the broker is regulated by several other reputable financial authorities includingASIC, SVG, FSA, DFSA, and FCA. These regulatory bodies ensure compliance with various standards for financial stability, transparency, and investor protection, though they do not provide the specific protections offered by the CySEC in the EU.

What Other Regulations Does AxiTrader Have?

FCA:

AxiTraderis regulated by the Financial Conduct Authority (FCA) in the UK. The FCA, established in 2013, is responsible for regulating financial markets and firms in the United Kingdom.

The FCA requires AxiTraderto adhere to strict guidelines for financial conduct, including maintaining adequate capital, safeguarding client funds, and ensuring transparency in its operations. This includes keeping client money separate from company funds and providing regular financial reports. FCA regulation helps ensure that AxiTraderoperates securely and fairly, offering a high level of protection and trust for clients in the UK and across Europe.

ASIC (Australian Securities and Investments Commission):

AxiTrader is regulated by ASIC. Founded in July 1998, the Australian Securities & Investments Commission (ASIC) is Australia’s national corporate regulator, overseeing corporations, markets, and financial services in accordance with the Australian Securities and Investments Commission Act 2001. Being based in Australia, ASIC regulation ensures that the broker complies with Australian laws on financial services, including responsible conduct, risk management, and financial reporting. Client money is kept in segregated accounts, and there is an emphasis on risk disclosure and trader protection.

DFSA (Dubai Financial Services Authority):

AxiTrader is regulated by the DFSA. Established on 13 September 2004, DFSA is the regulatory body for financial services within the Dubai International Financial Centre (DIFC). It oversees a range of financial activities, including forex trading, and ensures compliance with its regulations through a framework of rules and guidelines. The DFSA provides a high standard of investor protection and requires firms to meet rigorous operational standards. For more details, you can visit the DFSA website.

FSA in Japan:

AxiTrader is regulated by the FSA in Japan. Established in 1997 the FSA Japan regulates and oversees the financial services industry including forex, overseeing banking, securities and exchange, and insurance sectors, and more. The FSA in Japan allows a maximum leverage of 1:400 for retail forex traders and investors. The FSA ensures that AxiTrader adheres to guidelines for maintaining adequate capital, protecting client assets, and ensuring transparent operations for clients in Japan and other regions. 

SVG

AxiTrader is regulated by the Financial Services Authority of St. Vincent and the Grenadines (SVG). This regulatory body oversees financial services in the region, promoting a stable and transparent financial environment for both clients and firms.

Under SVG regulation, AxiTrader is required to maintain certain operational standards, including adequate capital reserves and compliance with regulatory requirements. While the SVG does not impose as stringent regulations as some other jurisdictions, AxiTrader ensures the protection of client funds by keeping them in segregated accounts separate from the company’s own assets. This practice enhances the security of client investments. By adhering to these guidelines, AxiTrader demonstrates its commitment to providing a trustworthy trading platform, fostering confidence among clients in St. Vincent and the Grenadines and beyond.

Best CySEC Regulated Forex Brokers: Alternatives to AxiTrader

AxiTrader is one of the leading forex and CFD brokers. The broker is not regulated by CySEC. It is regulated by other top-tier regulators including ASIC, SVG, FSA, DFSA, and FCA. There are several CySEC  regulated brokers that can serve as alternatives to AxiTrader. These brokers include: 

These brokers operate under CySEC regulation. According to CySEC rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about CySEC-regulated forex brokers, you can read our content on the best CySEC-regulated forex brokers.

How Can I Verify If My Broker is CySEC-regulated or not?

You can find a CySEC-regulated broker’s profile on the CIF Regulated Entities List on the CySEC website. To verify if your broker, such as AxiTrader, is regulated by the CySEC follow these steps:

1. Get Broker Details

Start by finding the broker’s license number or name. This info is usually on the broker’s website. Having the right details is key for the next steps.

2. Visit the CySEC Website

Go to the CySEC Regulated Entities List. This is where you can verify if your broker is regulated.

3. Conduct the Search

Enter the license number or broker name into the search bar. This will bring up the broker’s profile on the CySEC website, showing important details about their regulatory status.

4. Check Authorization

Make sure the broker is authorized to offer specific services:

• Look for “9 – Financial contracts for differences” under Investment Services.
• Check for “Foreign exchange services connected to investment services” under Ancillary Services. This confirms they can legally offer forex and CFD trading.

5. Match Firm Details

Finally, ensure that the information on the CySEC website matches what you see on the broker’s site. Check the website, email, and other contact info. If anything doesn’t match, it could mean the broker isn’t authorized, and you should stay away to protect your money

Frequently Asked Questions ( FAQs)

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.

Is AxiTrader Considered Safe?

Yes, AxiTrader is considered safe. The broker is regulated by multiple top-tier regulatory authorities, including ASIC, SVG, FSA, DFSA, and FCA. It offers negative balance protection and holds client funds in segregated bank accounts. 

Does AxiTrader Offer Negative Balance Protection?

Yes, AxiTrader offers negative balance protection. All CySEC-regulated brokers must offer negative balance protection. Negative balance protection means that traders are protected from losing more money than they have in their trading accounts. If a trade results in losses that exceed the amount of funds in the account, negative balance protection ensures that the trader’s balance cannot go below zero. This prevents the trader from owing the broker any additional money.

Is AxiTrader regulated in Cyprus?

No, AxiTrader is not regulated in Australia. The broker is not regulated by CySEC, the Australian regulator. However, it accepts Australian clients under its global entity. AxiTrader is regulated by several other authorities, including ASIC, SVG, FSA, DFSA, and FCA.