In our research for the AxiTrader review, we found that it is growing very fast. AxiTrader was founded in Sydney in 2007. It launched its London brand in 2012, and its Chinese operations in 2015, by reaching $ 100 billion in monthly customer sales - which coincided with development to the Middle East, Germany, and Latin America in 2016.
At present, the AxiTrader brand maintains regulations in the British FCA in the London Company AxiCorp Limited. This brand also maintains regulations in Australia under the name AxiCorp Financial Services Pty Ltd. AxiCorp Financial Services Pty Ltd manages the AFS license.
In August 2016, AxiCorp announced that it had received a significant strategic investment from RGT - a leading Australian private equity firm. The goal of this initiative was to help drive its global growth. As you will find in our AxiTrader review, the broker offers many options to trade.
As you will see in our AxiTrader review, the broker mainly uses MetaTrader. It offers forex and CFD market investors 54 currency pairs and 41 CFDs for goods, metal, indexes, and bitcoins, in the standard offer and PRO MetaTrader 4 (MT4).
This service also offers an additional MT4 NextGen package for customers with at least $ 1,000 in deposit, as well as several platforms and Forex Tools for trading on a social basis.
AxiTrader provides research in the form of technical and fundamental analysis from its team of analysts with daily articles published on its Market News & Blog. Employees also upload videos throughout the week, including Morning Market and weekly.
AxiTrader Minimum Deposit
Through its Australian entity, AxiTrader requires a minimum of $500 deposit for Australian residents to open a standard account. However, non-residents have to deposit a minimum of $1,000. In the British unit, there is no minimum level for either the standard or the PRO.
AxiTrader Withdrawal and AxiTrader Deposit
You will get many options for depositing and withdrawing your money. As we have outlined in this AxiTrader review, there is a lot to like about the company. The options include:
Credit/debit cards and bank wires, clients have the choice of Skrill, Neteller, China Union Pay, FasaPay, Thai International Banking, Vietnamese Instant Banking, and Polish Instant Banking.
Withdrawing takes 2-5 depending on the method you use. Over time, the broker has promised to introduce instant payments that can be made directly to your phone.
AxiTrader Demo Account
Just like any of the reputable and successful brokers, AxiTrader provides you with a demo account that will allow you to familiarize yourself with the way it all works. They mainly use MT4.
The functionality of the MT4 platform is very similar to what you would find in the simple web-based trading platforms. So, you will have three options for accessing the information on the platform to make the trades you want to make.
The methods are:
It is your choice what to use. You can even integrate them so that you do not have to miss anything when you are not seated at your desktop.
AxiTrader Review: Leverage
AxiTrader introduced CFDs to offer bitcoins with just over 2: 1 leverage. This leverage comes with 40% of the initial margin requirement and a maximum transaction size of 10 lots. However, trade is nonoperational from Monday to Friday.
As for the regular trading in the Standard account, our research for the AxiTrader review indicates 1:400.
Most of the merchants want to meet the needs of cryptocurrency traders and investors who want to speculate without holding the underlying instrument. This is why it is an accurate measure for them. But merchants who wish to trade Bitcoin on Saturday and Sunday this may get seem a hassle to them.
For that reason, extend your trade over the weekend as well. Suffice to say that the way this works is best understood by using the demo account; they provide to see exact details on how everything works, depending on the account you choose.
AXITRADER DETAILS OVERVIEW
|Established: 2012||Website: https://www.axitrader.com|
|Address: 90 Arthur St, Sydney NSW 2060, Australia||Regional Offices: Australia, New Zealand, London and Dubai|
|Minimum to Open Live: $200 for Standard Accounts and $1000 for Pro Accounts||Regulators: : The Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), and The Dubai Financial Services Authority (DFSA).|
|Minimum Trade Size: 0.01||Prohibited Countries: U.S, Canada, and several other countries. Check with them for more clarification.|
|Maximum Leverage: 1:400||ECN: No|
|Mobile Trading: Available||Currencies: 80+|
|Trading Platforms: Only MT4||Cryptocurrencies: Available (6)|
|Robots: Available||CFD: Available|
|Scalping: Allowed||Web Trading: Available|
|Deposit Methods: : Credit/debit cards and bank wires, clients have the choice of Skrill, Neteller, China Union Pay, FasaPay, Thai International Banking, Vietnamese Instant Banking, and Polish Instant Banking.||Withdrawal Methods: : Credit/debit cards and bank wires, clients have the choice of Skrill, Neteller, China Union Pay, FasaPay, Thai International Banking, Vietnamese Instant Banking, and Polish Instant Banking.|