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, cryptocurrencies. It also supports multiple trading platforms and tools such as Axi Trading Platform (NEW),Copy Trading App,Trading Tools,Trading Calculators and more.
AxiTrader is regulated by several authoritative bodies such as ASIC, SVG, FSA, DFSA, FCA. However, AxiTrader is not regulated by the FINMA ( The Financial Market Supervisory Authority). In this article, we will explore AxiTrader’ regulations, and its features, and provide a list of alternative brokers that are regulated by FINMA.
Does AxiTrader Operate Under FINMA?
No, AxiTrader does not operate under FINMA (The Financial Market Supervisory Authority) regulation. However, the broker is regulated by several other reputable financial authorities including ASIC, SVG, FSA, DFSA, 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 FINMA in Switzerland.
What Other Regulations Does AxiTrader Have?
FCA:
AxiTraderis regulated by the Financial Conduct Authority (FCA) in the UK under license number 684312. 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 FINMA Regulated Forex Brokers: Alternatives to AxiTrader
AxiTrader is one of the leading forex and CFD brokers. The broker is not regulated by FINMA. It is regulated by other top-tier regulators including ASIC, SVG, FSA, DFSA, FCA. There are several FINMA regulated brokers that can serve as alternatives to AxiTrader. These brokers include:
Affiliate Table: 5 FINMA-Regulated Forex Brokers
These brokers operate under FINMA regulation. According to FINMA rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about FINMA-regulated forex brokers, you can read our content on the best FINMA -regulated forex brokers.
How Can I Verify If My Broker is regulated by FINMA or Not?
How Can I Verify If My Broker is FINMA Regulated?
Here’s a detailed explanation of how to verify if your broker is regulated by FINMA, with expanded paragraphs under each subheading:
1. Find the Broker’s Name:
The first step in verifying your broker’s regulatory status is identifying their legal name. This information is typically available on the broker’s official website under sections like “About Us” or “Legal Information.” Make sure you’re using the broker’s full legal name, not just the brand name, as companies often operate under multiple names or subsidiaries. Having the exact name ensures an accurate search when you look up their registration with FINMA.
2. Visit the FINMA Website:
Once you have the broker’s legal name, visit the official website of FINMA. The Swiss Financial Market Supervisory Authority maintains a public register where you can find all authorized institutions and individuals. This register is a reliable source for confirming the legitimacy of brokers and other financial institutions operating under FINMA’s supervision. You can access it through this link: FINMA Licensed Institutions and Persons Page.
3. Enter the Broker’s Name:
On the FINMA website, you will find a search bar designed for checking the authorization status of financial firms. Enter the broker’s full legal name in this search bar. Make sure you input the name exactly as it appears on the broker’s official website. A precise search is crucial to ensure you are checking the correct entity, as some brokers may have similar or overlapping names.
4. Select the Category:
To refine your search and get the most relevant results, choose the appropriate category from the drop-down menu. For forex brokers, you should select “Banks and Securities Firms” as the category. This narrows down the search to firms that are authorized to offer forex and other securities trading services under FINMA’s regulation. Selecting the right category helps avoid confusion with other types of financial service providers.
5. Check the Broker’s Information:
Once the results are displayed, examine the broker’s profile on the FINMA website. Compare the information provided by FINMA with what’s available on the broker’s website. Look for details like the broker’s full name, address, and license status. It’s important to confirm that the broker is authorized as a bank or securities firm by FINMA, as this is a key requirement for offering forex trading services in Switzerland. If the broker is not listed or does not hold the necessary license, you should be cautious, as they may not be legally allowed to provide forex services. In such cases, it’s advisable to avoid dealing with that broker
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. AxiTrader is not regulated by FINMA. However, The broker is regulated by other reputed regulatory authorities including ASIC, SVG, FSA, DFSA, FCA. These regulations ensure strict compliance with industry standards and provide protection for client funds.
