Summary

ProsCons
Well Regulated Broker FX specialist - limited selection of markets
Good Selection of Risk Management Tools No prorpretary platform only MT4
Excellent Education Resources Limited News and Research

Summary

AxiTrader is a global regulated broker with licenses in UK, Australia and Dubai, who have been operarting since 2007. They provide additional Balance Insurance Protection for accounts with larger deposits. They are best for traders who specialise in FX using the MT4 platform. They also have an excellent educational centre and very good customer service to help new FX Traders. However they do not offer shares and have limited research resources.

Regulation & Security
4.3
Markets
1.9
Account Types
3.3
Funding & Withdrawals
3.3
Pricing & Execution
1.5
Commissions & Fees
3.8
Platforms
3.6
Charts
3.1
Tools
4.7
Customer Service
4.4
Education Resources
5
Research & News
2.2

Regulation & Security

Website: https://www.axi.com/uk

Trading Name: AxiTrader

Regulation: FCA | ASIC | DFSA | SVG

Risk Warnings: 65.6% of retail investor accounts lose money when trading CFDs with this provider

Established: 2007

Number of Employees: 100+

Head Office Location: Sydney and London

Listed Company: Private

FBS Balance Protection: FSCS £85,000 and £1m Insurance Protection

Segregated Funds: Yes

Peer Review: Trust Pilot Excellent Rating from 132 reviews.FXP 2.98 from 118

Summary

AxiTrader is a globally regulated and well establishd broker with offices in London and Sydney. They offer extra balance protection insurance so clients holdidng funds in excess of the £85,000 FSCS Scheme have additional protection.

Rating

4.3

Markets

Market TypeNumber of MarketsLeverage
FX 80+ Upto 30:1
Indices 31 Upto 20:1
Commodites 11 Upto 10:1
Crypto 6 2:1

Summary

AxiTrader's primary focus is on the FX markets and they have an indepth selection. They do offer the major indices, commodities ahd cryptos but no individual shares.

Rating

1.9

Account Types

Account TypeMinimum Trade ValueMinimum DepositGuaranteed Negative Balance
Mini account tbc
Standard account 0.01 tbc
Islamic account 0.01 tbc
Professional account 0.01 tbc
Corporate account 0.01 tbc
Demo 0.01 N/A
Social + Copy Trading PysQuation
Stock Broking
Ready Made Portfolios
Regular Saving Investment

Summary

We are still waiting on confirmation regarding mirco accounts and minimum deposit numbers. However AxiTrader , in addition to the standard account offering, have an AI copy trading programme where you can follow the performance history of the top traders.

Rating

3.3

Funding & Withdrawals

Credit cards Debit Cards Bank Transfer PayPal Skrill Payoneer Neteller Crypto Currencies

Withdrawals: 1-5 business days

Summary

AxiTrader offer a standard range of funding and withdrawal options.

Rating

3.3

Pricing & Execution

Fixed or Variable Spread: Variable

Market Maker or ECN: Market Maker

From v Average: Average

Major Markets

GBP/USD EUR/USD USD/JPY EUR/GBP FTSE100 WallSt German 30 US 500
1.2 1.2 0.9 1.1 1 1.6 0.9 0.45
Apple Tesla Barclays BP Bitcoin Ether Brent Crude Oil Gold
N/A N/A N/A N/A tbc tbc 0.45 0.4

Summary

AxiTrader offer variable spreads so in times of high volumes you can pay very small spreads and visa versa in times on low volume you can pay much higher spreads but overall their pricing is competiive.

Rating

1.5

Commissions & Fees

Overnight Financing Inactivity Fee Deposit Fee Withdrawal Charges CFD Commissions Guaranteed Stop Loss Phone Dealing Management Fees Share Dealing Costs Reinvestment Income Charge FX Charges Papter Statements
Yes Libor +-2.5% No No Under $50 Yes N/A No No No No No No

Summary

Axirader don't have any hidden charges but they do charge for small withdrawals under $50 and the industy standard for overnight financing.

Rating

3.8

Platforms

Desktop Mobile Trading MetaTrader 4 MetaTrader 5 Proprietary Platform

Summary

AxiTrader only offer the MT4 Platform.

Rating

3.6

Charts

Charting Indicators Charting Drawing Tools Trade From Chart Watchlists
36 23

Summary

AxiTrader have the key charting indicators and drawing tools but the offering is not as comprehensive as some other platforms.

Rating

3.1

Risk Management Tools

Guaranteed stop-loss orders Market orders Partially close trades Limit and stop entry orders Take-profit orders Stop-loss orders Trailing stop-loss orders Boundary orders Automatic account close-out Complete close-out Last trade in first out Largest position margin first Largest position loss first Price Alerts One-click Execution OCO Orders

Summary

AxiTrader offer a very comprehensive set of risk management tools but don't offer guaranteed stop-loss orders.

Rating

4.7

Customer Service

Phone Live Chat Email Forums FAQs Multilingual
14

Summary

AxiTrader have good customer service offering and a very detailed FAQs section with over 200 answers to common questions

Rating

4.4

Education Resources

Demo account General educational articles General educational videos Dedicated Education Centre Seminar & Webinars Platform tutorial videos Trading Community
9 Facebook Trading Circle

Summary

AxiTrader offer some the best educational resources in the industry. They have a decedicated Educational Centre with 8 sets of tutuorials with over 100 bitsized videos, 8 Ebooks and 9 platform videos. They also have a Facebook trading group.

Rating

5

Research & News

Daily Market Commentary News Service Signals Research Technical Analysis Sentiment Analysis Economic Calendar Blogs
Autochartist

Summary

AxiTrader have three useful daily market commentary articles and the Autuchartist signals service but other wise there is a limited package of research and news options.

Rating

2.2

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