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 MAS ( Monetary Authority of Singapore). In this article, we will explore AxiTrader’ regulations, and its features, and provide a list of alternative brokers that are regulated by MAS.
Does AxiTrader Operate Under MAS?
No, AxiTrader does not operate under MAS (Monetary Authority of Singapore) 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 MAS in Singapore.
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 MAS Regulated Forex Brokers: Alternatives to AxiTrader
AxiTrader is one of the leading forex and CFD brokers. The broker is not regulated by MAS. It is regulated by other top-tier regulators including ASIC, SVG, FSA, DFSA, FCA. There are several MAS regulated brokers that can serve as alternatives to AxiTrader. These brokers include:
- Founded In: 2001
- Minimum Deposit: $100
- Maximum Leverage: 50:1
- Regulations: CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO
- Trading Platforms : Mobile App, Web Trader, Meta Trader 5
- Trading Instruments: Forex, Indices, Stocks , Cryptocurrency, Commodities , Gold and Silver.
- Founded In: 2005
- Minimum Deposit: $50
- Maximum Leverage: 1:500
- Regulations: ASIC, Austrac, Bafin, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC, FSCM, FSAS
- Trading Platforms: MT4, MT5, Multibank-Plus
- Trading Instruments: Forex, Metals, Shares, indices, Commodities, Cryptocurrencies
- Founded In: 1974
- Minimum Deposit: $0
- Maximum Leverage: 1:200
- Regulations: ASIC, FCA, JFSA, SFC (Hongkong), FSCA, MAS, FMA, GmbH, FINMA
- Trading Platforms: MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
- Trading Instruments: Forex, indices, Cryptocurrencies, Shares, Commodities
- Founded In: 1989
- Minimum Deposit: $0
- Maximum Leverage: 1:500
- Regulations : FCA, ASIC, BaFin, IIROC, FMA, MAS
- Trading Platforms : MT4 , Share trading platforms
- Trading Instruments: Forex Major, Forex Crosses, Forex Minor, Metals, Oil , CFD, Stock indices
- Founded In: 1978
- Minimum Deposit: $0
- Maximum Leverage: 1:500
- Regulations: SEC, CFTC, FCA, FSCS, FINRA, FCM, IIROC, MAS, FSA
- Trading Platforms : WebTrader, FIX API, MobileTrader
- Trading Instruments: Stocks, options, futures, currencies, bonds, and funds
These brokers operate under MAS regulation. According to MAS rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about MAS-regulated forex brokers, you can read our content on the best MAS-regulated forex brokers.
How Can I Verify If My Broker is regulated by MAS or Not?
To verify if your broker, such as AxiTrader, is regulated by the MAS, follow these steps:
Step 1: Obtain the Broker’s License Number or Name
The first step in verifying whether a broker is MAS-regulated is to gather the necessary details from the broker’s official website. Look for the broker’s licensed or reference number, which is typically listed in the footer, legal section, or “About Us” page. If the license number is not available, the broker’s name can also be used for verification. Having the correct license number or name ensures a more accurate search when checking the broker’s regulatory status.
Step 2: Search the MAS Financial Institutions Directory
Once you have the broker’s license number or name, visit the official MAS Financial Institutions Directory at https://eservices.mas.gov.sg/fid. Enter the license number or the broker’s name into the search bar and hit enter. This directory contains all MAS-regulated entities, and your search results should show the broker’s profile if they are indeed regulated. This step is critical for confirming that the broker you are considering operates legally under MAS oversight.
Step 3: Check License Type and Status
After locating the broker in the MAS directory, carefully review their profile. Look specifically for the license type and status to ensure that the broker is authorized to offer the services you need. If you are trading forex, verify that the broker is licensed to provide “Spot Foreign Exchange Contracts for Leveraged Forex Trading” under “Dealing in Capital Markets Products.” This step confirms that the broker has the necessary permissions to legally offer forex trading and other related financial products.
Step 4: Verify Broker Contact Details
Another essential step is to ensure that the contact details listed on the MAS website match those provided by the broker on their own site. Pay close attention to details such as the broker’s website URL, email address, and phone number. If the contact details differ, it could indicate that you are dealing with an unauthorized broker or a clone firm that is pretending to be MAS-regulated. Verifying these details helps protect you from potential scams or unauthorized firms.
Step 5: Stay Away from Unlisted Brokers
If you cannot find the broker in the MAS directory, this is a red flag. Brokers that are not listed are likely unauthorized, and trading with them can put your funds at serious risk. Unauthorized brokers often operate without regulatory oversight, meaning they may not adhere to client fund protection rules, leaving your investments exposed. Always stay away from brokers that are not listed in the MAS directory to ensure your money remains safe.
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. Though AxiTrader is not regulated by MAS, it 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.