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Axitrader Review

FX Author By Jeffrey Cammack Author Information Updated: May 27, 2020
Overall Rating
4.53 4.53 / 5
Min. DepositUSD 5
Max. Leverage30:1
Min. Spread0.1 pips
Regulators FCA,ASIC,DFSA
Regulator Origin FCA ASIC DFSA
Trading Desk Type

Summary

Founded in 2008 in Sydney, AxiTrader is an ASIC and FCA regulated ECN broker for serious traders. While trading platform choice is limited to MT4, Axitrader's platform setup and support have received multiple awards including Best MT4 Broker 2018 (Compare Forex Brokers Australia) and Best MT4 Provider 2018 (UK Forex Awards).

Neither account at AxiTrader requires a minimum deposit, spreads are tight and all clients receive AutoChartist for free; as an ECN broker all trades are posted directly to market and educational and analytical support is good for beginners.

Reviews

Regulation 11111
Trading Conditions 11110.5
Trading Platforms 11110.5
Deposit & Withdrawal 11110.5
Education & Research 11110.5
Assets Available 11110.5
Customer Service 11110
Beginner Friendly Good
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 5
Base currenciesUSD, EUR, GBP, AUD
Number of FX Pairs80+
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD0.44
GBP / USD0.85
USD / JPY0.62

Company Details

Company nameAxiCorp SA Limited
Founded2007
Website www.axitrader.com/uk
Type ECN/DMA
Regulators FCA,ASIC,DFSA
Office locations South Africa, Australia, United Kingdom, Singapore, Dubai, Philippines, China, New Zealand

Deposit & Withdrawal Methods

Supported Platforms for Axitrader

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 11110.5 4.53 / 5 11110.5 4.27 / 5 11110.5 4.54 / 5
Minimum DepositUSD 5AUD 100USD 100
Regulation
FCA FCA
ASIC ASIC
DFSA DFSA
ASIC ASIC
CySEC CySEC
CySEC CySEC
FCA FCA
FSA-Seychelles FSA-Seychelles
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, WTIsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EquitiesCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIs
Forex Pairs80+60+60+
Crypto Pairs151
Pros
  • Low minimum deposit
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Well regulated
  • Tight spreads
  • Good range of accounts
  • Great customer support
  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets
Cons
  • Poor customer service
  • Limited demo account
  • Expensive withdrawals
  • MT4 only
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11111 5 / 5
Trading Platforms 11110.5 4.5 / 5 11110.5 4.5 / 5 11110 4 / 5
Deposit & Withdrawal 11110.5 4.5 / 5 11100 3 / 5 11110.5 4.5 / 5
Education & Research 11110.5 4.5 / 5 1110.50 3.5 / 5 11110.5 4.5 / 5
Assets Available 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110.5 4.5 / 5 11110 4 / 5
% Lose with this broker 67.7% of retail investor accounts lose money when trading CFDs with this provider N/A 73% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1500:1500:1
Spread0.1 pips0.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • MT4 Standard Account (Mini)
  • Standard IRESS (Professional)
  • VIP (Vip)
Islamic Account Yes Yes Yes
Trading Platforms MT4 , MT5 IRESS, MT4 , MT5 MT4
Funding Methods Visa, Mastercard, Maestro, Skrill, Neteller, Bank Transfer Bank Transfer, Visa, Mastercard, Paypal, Skrill, Neteller, Fasapay, BPay, paytrust88, POLi Bank Transfer, Visa, Mastercard, Skrill, Neteller, SticPay, Unionpay, Fasapay
Trading Commission 7 USD / lot - PRO account 6 USD / lot - RAW Accounts 4 USD / lot - Pro Account
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Overall Rating 11110.5 4.53 / 5 11110.5 4.27 / 5 11110.5 4.54 / 5
Minimum DepositUSD 5AUD 100USD 100
Regulation
FCA FCA
ASIC ASIC
DFSA DFSA
ASIC ASIC
CySEC CySEC
CySEC CySEC
FCA FCA
FSA-Seychelles FSA-Seychelles
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, WTIsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EquitiesCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIs
Forex Pairs80+60+60+
Crypto Pairs151
Pros
  • Low minimum deposit
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Well regulated
  • Tight spreads
  • Good range of accounts
  • Great customer support
  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets
Cons
  • Poor customer service
  • Limited demo account
  • Expensive withdrawals
  • MT4 only
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11111 5 / 5
Trading Platforms 11110.5 4.5 / 5 11110.5 4.5 / 5 11110 4 / 5
Deposit & Withdrawal 11110.5 4.5 / 5 11100 3 / 5 11110.5 4.5 / 5
Education & Research 11110.5 4.5 / 5 1110.50 3.5 / 5 11110.5 4.5 / 5
Assets Available 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110.5 4.5 / 5 11110 4 / 5
% Lose with this broker 67.7% of retail investor accounts lose money when trading CFDs with this provider N/A 73% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1500:1500:1
Spread0.1 pips0.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • MT4 Standard Account (Mini)
  • Standard IRESS (Professional)
  • VIP (Vip)
Islamic Account Yes Yes Yes
Trading Platforms MT4 , MT5 IRESS, MT4 , MT5 MT4
Funding Methods Visa, Mastercard, Maestro, Skrill, Neteller, Bank Transfer Bank Transfer, Visa, Mastercard, Paypal, Skrill, Neteller, Fasapay, BPay, paytrust88, POLi Bank Transfer, Visa, Mastercard, Skrill, Neteller, SticPay, Unionpay, Fasapay
Trading Commission 7 USD / lot - PRO account 6 USD / lot - RAW Accounts 4 USD / lot - Pro Account

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Alert Most retail CFD accounts lose money. Your capital is at risk.

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