Does Axitrader Use MT4: A Clear Answer

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Forex traders always look for reliable and trusted trading platforms. There are many online forex trading platforms, including MT4, MT5, cTrader, and others. These platforms provide access to forex markets. Most forex brokers use MT4 as their default trading platform. So, if you are considering using Axitrader as your broker, you may be wondering if it works with MT4.

Axitrader is one of the popular forex brokers, offering forex, CFD, and Crypto CFD trading. In this article, we will discuss the compatibility of Axitrader with MT4. We will also explore alternative trading platforms, pros and cons, MT4 account creation, and more

Does Axitrader Support MT4?

Yes, Axitrader supports MT4 as its trading platform. MT4 is one of the most popular trading platforms in the world. It is known for its user-friendly interface, advanced charting tools, and automated trading capabilities. Traders can access the MT4 platform on Axitrader through various devices, including desktop computers, web browsers, and mobile devices

What Other Trading Platforms Does Axitrader Support ?

Axitrader supports several other trading platforms. They include:    

Axi Trading Platform (NEW)

Copy Trading App

Trading Tools

Trading Calculators

Features of Axitrader MT4

MetaTrader 4 (MT4) is a popular trading platform offered by many brokers, including AxiTrader. Here are some of the reasons why traders might choose MetaTrader 4 on AxiTrader and some of its key features:

Raw Pricing Connectivity:

AxiTrader provides raw pricing connectivity on the MetaTrader 4 platform, which means that traders have access to real, unaltered market prices. This can be important for traders looking for transparency in pricing.

Fast Order Execution:

Fast order execution is crucial in online trading. AxiTrader, when using MetaTrader 4, aims to offer fast and efficient order execution, helping traders enter and exit the market at the prices they desire.

No Restrictions on Trading:

With MT4 on AxiTrader, traders typically have no trading restrictions. This means you can engage in various trading strategies, including scalping, hedging, and automated trading, without limitations.

Level II Pricing – Market Depth:

MetaTrader 4 on AxiTrader provides access to Level II pricing, which shows the market depth and order book. This information can be valuable for traders who want to analyze market liquidity and make more informed trading decisions.

Up to 400:1 Leverage:

AxiTrader offers leverage of up to 400:1 for Forex trading when using MT4. Leverage allows traders to control larger positions with a smaller amount of capital, but it also increases the risk, so it should be used with caution.

Low Latency Trading:

Low latency is important for traders who want to execute orders quickly. AxiTrader aims to provide low latency trading on the MT4 platform, reducing delays in order execution.

How to create an MT4 Trading Account on Axitrader

Creating an account on Axitrader is easy and simple. Here are the steps : 

Step 1: Account Setup:

  • Create an Account: If you haven’t already, sign up for an account on Axitrader. Follow the registration process and provide the necessary information.
  • Account Verification: Complete the account verification process by submitting the required documents, ensuring compliance with regulatory standards.

Step: 2 Download and Install MT4:

  • Access Axitrader Website: Login to your Axitrader account through the official website.
  • Visit to MT4 Section: Locate the section related to MetaTrader 4 on the Axitrader website.
  • Download MT4 Platform: Download the MT4 platform from the provided link.
  • Install MT4: Follow the installation instructions to install the platform on your computer.

Step 3: Login to Your MT4 Account:

  • Launch MT4: Open the installed MT4 platform on your computer.
  • Login Credentials: Enter your Axitrader account credentials (username and password) provided during the account registration process.
  • Server Selection: Choose the appropriate Axitrader server from the list.

Step 4: Explore the MT4 Interface:

  • Market Watch: View available instruments and their real-time prices in the Market Watch window.
  • Charts: Open charts for different financial instruments. Customize chart settings, and timeframes, and add technical indicators.
  • Order Execution: Execute trades using the ‘New Order’ window. Specify trade parameters, such as volume, stop-loss, and take-profit levels.

Step 5: Use of Trading Tools:

  • Technical Analysis: Leverage the advanced charting tools for technical analysis. Add indicators, trendlines, and other analysis tools to enhance your decision-making.
  • Expert Advisors (EAs): Explore and use Expert Advisors for automated trading. Install EAs or create your own to automate trading strategies.

Step 6: Monitor and Manage Trades:

  • Trade Management: Monitor open positions, view account history, and manage trades using the ‘Trade’ and ‘Account History’ tabs.
  • Modify Orders: Adjust stop-loss and take-profit levels or modify existing orders directly from the platform.

Step 7. Mobile Trading (Optional):

  • Download Mobile App: If desired, download the MT4 mobile app on your smartphone or tablet.
  • Login to Your Account: Use your Axitrader account credentials to log in to the mobile app.
  • Trade on the Go: Manage your trades, monitor the market, and execute orders from your mobile device.

Step 8: Customer Support and Resources:

  • Axitrader Support: Reach out to Axitrader customer support for any platform-related queries or assistance.
  • Educational Resources: Explore educational materials and resources provided by Axitrader to enhance your trading knowledge.

The Pros and Cons of Using MT4

Pros
  • Free to Use 
  • User-Friendly Interface 
  • Real-time access to market prices
  • Widely Used for Traders 
  • Customizable Indicators 
  • Backtesting Capabilities 
  • Large Community and Support 
  • Allows Automated Trading 
  • Multiple Servers 
  • Low System Requirements 
  • Multi-Language Availability 
  • Support Mobile, PC, and other Devices 
  • Support Multi assets including Forex, CFD, Crypto CFD, Indices, and Commodities.
Cons
  • Limited Number of assets 
  • Lack of Build-In News Feed 
  • No Economic Calendar:
  • No Depth of Market
  • Older Architecture
  • Lack of Advanced order type  ( 4 Pending order while MT5 has 6 ) 
  • Mono-threaded platform with 32-bit operating system
  • Limited Timeframe on charts (9 Timeframe while MT5 has 21 time frame)

Frequently Asked Questions (FAQs)

What is Axitrader?

Founded in 2007.  Axitrader is a regulated forex broker. It allows restriction-free trading facilities to traders worldwide. Axitrader offers shares, forex pairs, indices, commodities, and cryptocurrencies trading with up to 1:400 leverage. It claims itself as a true ECN forex broker.  

What is MT4?

Metatraders 4 (MT4)  is a widely used electronic trading platform for forex and other financial instruments. It offers a user-friendly interface, advanced charting tools, and support for automated trading through Expert Advisors (EAs). Traders can execute trades, conduct technical analysis, and implement automated strategies on the MT4 platform.

Does Axitrader offer an MT4 Demo Account for Free?

Yes, Axitrader provides a free MT4 Demo Account. This allows users to practice and familiarize themselves with the features of the platform without risking real money. It’s an excellent way for beginners to learn and for experienced traders to test new strategies.

What is the timezone of Axitrader MT4?

The server time for Axitrader is GMT+2 or GMT+3 depending on the time of year. During the winter months, the server time is GMT+2, while during the summer months, it is GMT+3. 

Can I Use EA with Axitrader MT4?

Yes, traders on Axitrader can use Expert Advisors (EAs) with the MT4 platform. EAs enable automated trading by executing predefined trading strategies, making it convenient for traders who wish to implement algorithmic approaches.

What is the Minimum Amount I Can Deposit for Axitrader?

The minimum deposit for Axitrader is as low as $01. This low entry requirement makes it accessible for traders with low levels of capital.

Is Axitrader MT4 Available for MAC Users?

Yes, Axitrader MT4 is available for MAC users. Traders using MAC computers can easily download and install the MT4 platform to access the full suite of trading features.

Is Axitrader MT4 Available on Android Devices?

Yes, Axitrader MT4 is available on Android devices. Traders can download the mobile app from the Google Play Store and enjoy the convenience of trading on the go.

Does Axitrader Offer Mobile Trading on MT4 Platforms?

Yes, Axitrader offers mobile trading on MT4 platforms. Whether on Android or iOS devices, traders can use the MT4 mobile app to manage their trades, monitor the market, and execute orders from anywhere.

What Instruments Can I Trade on Axitrader MT4?

On Axitrader MT4, traders have access to a diverse range of instruments, including shares, forex pairs, indices, commodities, and cryptocurrencies. This allows for a comprehensive trading experience across various financial markets.

Does Axitrader Use MT5 Trading Platform?

Yes, Axitrader uses the MT5 platform. MT5 is the upgraded version of MT4. Both MT4 and MT5 are developed by Metaquotes

Where is the Headquarters of Axitrader Located?

The headquarters of Axitrader is located in Sydney, Australia

What are the Account Types in Axitrader?

Axitrader offers 3 types of accounts: Standard Account · Pro Account · Elite Account

Final Thoughts:

Axitrader uses MT4 as its trading platform. It also uses other platforms like Axi Trading Platform (NEW),Copy Trading App,Trading Tools,Trading Calculators and more.

MT4 is one of the most popular and widely used trading platforms in the forex work. It is known for its user-friendly interface and advanced tools. It facilitates online trading in various financial markets, offering features like chart analysis, automated trading through Expert Advisors, and accessibility across multiple devices

Disclaimer : Trading forex and CFDs comes with the risk of losing your trading capital. 

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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