AxiTrader: Legit or Scam Broker?
Online trading has progressed a lot for the last few years. Many new brokerage services have appeared. Some of them are truly legit brokers, and others are scams that rob their clients. Which one is AxiTrader? Find out about it in our AxiTrader review.
What is AxiTrader?
AxiTrader is a global brokerage service that provides everything needed to become a successful trader. It is an Australian company that was founded in 2007. Now, AxiTrader works with a huge number of traders from over 100 countries, including Canada, Great Britain, and others.
It has won many nominations, including the “Most Reliable Forex Broker” and “Highest Overall Client Satisfaction” awards in 2017. The founders of AxiTrader are traders themselves, meaning that they know what people need to trade efficiently.
First of all, we must check whether the broker is regulated or not. Such information can tell us a lot about the company. Luckily, AxiTrader has more than one regulation. There are several regulatory authorities that work with AxiTrader:
As you can see, these are highly regarded regulators. Only a legit broker would work with them.
Since its foundation, AxiTrader has received plenty of awards. We think that awards are another important part when checking whether a broker is legit or not. That is why we shall show you some of the best awards received by AxiTrader:
- Most Reliable Forex Broker (2017)
- Best MT4 Broker (2018)
These are some serious awards that speak for themselves. We shall not mention each award this company has got. You can find all of them on AxiTrader’s official website. Don’t think that these awards mean anything? Then keep on reading, and you will find more details on AxiTrader!
What Can You Trade With AxiTrader
Currently, the company offers more than 80 products to work with. Unlike other brokers, this company tries to provide as many assets as possible. These products are:
- Forex Pairs
- Commodities (oil, etc.)
It is good that AxiTrader provides so many options because this lets traders of all kinds find something that suits them here.
Account Types on AxiTrader
AxiTrader has three account types. They are all very alike but have some minor differences. Let us have a closer look at each of them.
A regular AxiTrader account includes everything that is required for successful trading. The key point, however, is the spreads and commissions.
Using this account type, traders get fixed spreads starting with 1.0 pips. No additional fees are charged for the trades.
A Pro account, just as a standard one, also includes all required tools. The only difference is in the spreads and commissions.
In the Pro account, the spreads begin at 0.0 pips. Along with each trade, traders are charged a 7 AUD commission.
Do you have any doubts about trading? If so, we recommend using a demo account first. It provides a 30-day free trial with $50 000 on your virtual balance. It reflects the live market, and that is why it is a great way to get hands-on trading experience that is risk-free. You can open a free AxiTrader demo account here.
There are not many options when it comes to trading software. AxiTrader simply uses the best software available. These programs are:
- MetaTrader 4
- MT4 Web
Additional tools used are:
All this software will minimize mistakes and maximize profits. AxiTrader has a section with free educational materials on their website where they explain how to use each platform and tool in order to achieve maximum efficiency.
Is There a Mobile AxiTrader Application?
AxiTrader, as many other brokers, has a free trading application for mobile devices with the most popular OS. All accounts can be accessed by using the MT4 program for smartphones and tablets.
Using a mobile app for trading ensures you will be having no worries if you have to stay away from your PC for a long time. Trading on the move is as simple as ever!
Minimum Deposit and Withdrawal for AxiTrader
According to the broker’s website, it is said that there is no minimum deposit amount. However, AxiTrader recommends investing at least $200 if any benefits are to be reaped from your trading sessions.
The minimum withdrawal amount varies depending on the selected payment method. For instance, banks do not process payments that are less than $50. Some options have no limitations, some have a minimum amount of $5.
H2: Deposit Methods for AxiTrader
Many ways of making a deposit are available on AxiTrader. In a nutshell, you can use debit and credit cards, e-wallets, and others.
Information about each of the available deposit methods on AxiTrader can be seen on this page. Please check all the information on the broker’s official website to prevent possible misunderstandings when using false or outdated information.
AxiTrader User Reviews
There is no need to search the Web for AxiTrader reviews. They can be easily seen on a number of trusted review websites. We have gathered some of them to show you whether AxiTrader is a scam or a legit broker.
Mubashir Abdullah says that he has been working with AxiTrader for 10 years and is completely satisfied with the service. He also mentions that he recommends the service and sees no reasons to switch brokers.
Dingane Chawane says that he has been using AxiTrader for almost a year and considers it to be the best brokers he has ever met. He really likes the way the support team works and recommends the service.
Let us take a deeper look. Most of the reviews on AxiTrader posted on trustpilot.com are positive. All negative reviews are answered, and the broker has tried everything they could to solve any issue.
We have finally arrived at the last part of our AxiTrader review. According to all the points that we have checked, AxiTrader is a trustworthy broker. You can be sure that any investments are going to be safe here.
AxiTrader grants access to many instruments and educational materials. The combination of these will assist even a beginning trader in receiving benefits from his investments. All you have to do is learn, think, make a strategy, and never act without thinking.
If you have worked with this broker before, please leave your own review in the comments. This will help other users see the truth about this particular company.