If you’re looking for a new way to trade in Forex, Futures, CFDs, crypto trading and more, then there’s a good chance you came into this AxiTrader review 2023 off the back of their exceptional reputation. After spending a lot of time with this internationally renowned online broker, we’re happy to say that we’re in pretty much full agreement with those positive sentiments.
AxiTrader is a rock-solid option and a terrific choice for a lot of people looking to extend their reach into the world of finance. Keep reading our AxiTrader review to find out if you’re among them.
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There are a few different elements to the design quality, which we’ll assess in this part of our AxiTrader review 2023. Firstly, there’s the site itself. We were very impressed in this regard. All the information we needed was easy to find and the site explains what’s available very well. This includes a great deal of educational information. Of course, there are some subjects, like cryptocurrency mining software and cloud mining, which you may need additional research. AxiTrader is aimed at relatively experienced traders, but the effort to bridge any knowledge gap is an admirable positive.
As for the platform itself, it uses Metatrader 4 and Metatrader 4 web platform, which you probably already know is among the most respected in the industry. If you’re reading this AxitTrader review, there’s a good chance you’re already aware of its reputation – and it lives up to it, thanks to excellent tools, alongside helpful analytics and an all-around tried and tested performance. This also has security benefits in that people can use it with the confidence that reputation instils.
So far, so good for useability, looks and feel. It’s also worth pointing out that, from a purely technical perspective, we experienced nothing in terms of slowdown or technical issues, even with 42,000 customers across 100 countries and $2.4 trillion worth of trades taking place.
Last but not least for our AxiTrader review 2023 is the mobile experience, which we’re happy to say very much lives up to the standard already set, thanks to the excellent MT4 phone app for Android and iOS. These can be used as cryptocurrency trading apps, for those wondering. Intuitive and detailed, it’s exactly what you want. In addition, there was nothing during our design examination which gave us any security concerns.
Before you’re able to trade, you’ll need to sign up, so let’s take this one step at a time.
One thing we love about AxiTrader is that they explain themselves well and keep things simple. This is a great example of that. You start by adding your standard personal information, including your country, email address, name, date of birth and so on. Make sure this is all correct, as it will be verified later. This is also a good time to make a decision regarding the type of account you want. The main difference between a Standard and Pro account is the latter has lower spreads but charges commission.
How long this takes will depend on whether your identity can be confirmed electronically. If not, you’ll need to provide further documentation. This is a necessary security precaution and AxiTrader aims to have accounts opened within 24 hours.
Once your identity has been verified, you can fund your account through the methods we mentioned previously in this AxiTrader review 2020. The specific information you need depends on the option you choose but the process should be fast and straightforward.
There are three versions of MT4 available on AxiTrader: a desktop, browser and mobile version. Decide which best suits your needs, feel free to pick more than one, and download if you need to.
We can’t provide in-depth guides on everything you can do on MetaTrader 4 as part of this AxiTrader review 2020. So, take a look around yourself and be sure to take advantage of all the educational resources available at AxiTrader.
We mentioned the huge amount of trades that take place on this platform in the last part of our AxiTrader review 2023. Well, all these trades need relevant payment methods, so let’s look at what’s on offer. Credit/debit cards, Poli, Bpay, Bank Transfers, FasaPay, Sofort, GiroPay, iDeal, Neteller and Skrill are all available, as well as Chinese, Thailand, Vietnamese, Indonesian, Polish, Hong Kong, Malaysian, Singapore and Philippines banking.
In terms of currencies, the latter internet banking options should be obvious. General bank transfers, credit/debit cards, Skrill and Neteller are available in most currencies. POLi and Bpay are available in Australian Dollars. SafaPay is available in IDR and USD. Sofort, GiroPay and iDeal are only available in Euro.
All are free to use and instant, with the exception of Bpay and bank transfers, which can take between 1-3 days and Global Collect, which can take 3-5 days. There’s no minimum withdrawal for many options, some have a minimum of £5 (or equivalent) and bank transfer has a minimum of £50 (or equivalent). Withdrawal times are either not applicable or should take between 1-3 days.
This is a great selection, and they deserve extra praise in our AxiTrader review 2023 for making this information so easy to find.
What we can say from our AxiTrade review is that one of AxiTrader’s key selling points is that they have very low fees throughout. This includes CFDs and Forex fees of all kinds.
Individual costs, of course, do depend on that individual market. However, we can say, for instance, that there are no inactivity fees and that Standard accounts have no commissions, while Pro accounts have a small commission of $3.50 (or equivalent) per lot.
Once again, this appears to be true for all markets where AxiTrader is available based on our research from the website itself. So, users in Canada, Britain, Australia and more can all enjoy low fees at AxiTrader.
Part of customer service is, of course, the wonderful information found on the site itself, which we’ve already covered elsewhere in this AxiTrader review 2023. This answers so many relevant questions quickly and easily for users.
However, other customer service options include 24/7 phone support, with lines for countries all around the world from the UK and Australia to China and Thailand, to give a few examples. They also have an email address and live chat function. These also seem to operate within the same timeframe. As long as it’s not the weekend, you can likely expect a fast and informative service, full of free and friendly advice.
AxiTrader has an excellent reputation, so we’re not expecting too many people to have serious concerns in this regard. However, for those of you who are curious, they are regulated by the likes of the Financial Conduct Authority, the Australian Securities and Investments Commission, and the Dubai Financial Services Authority.
It’s surprising then that AxiTrader faced a suspension in New Zealand, considering they have such a strong reputation globally and the concerns they have do not appear to be shared elsewhere. We won’t comment further on this matter – as it’s a fairly complicated situation – except to say we hope the matter can be resolved soon.
We talked about the regulatory credentials of this broker earlier in this AxiTrader review 2023, and we’re happy to say that they’re backed by a great reputation from critics and users alike. It’s majoritively positive – which in the ultra-critical and competitive world of finance, is quite the achievement.
If you have further doubts, consider the many awards that you can see on their website. These include the likes of Best Forex Trader in both Europe and the Middle East. All of these awards are also recent, meaning they have continued to improve and earn their reputation year after year rather than resting on their laurels.
Our AxiTrader review will begin with a look into what cryptocurrencies options are available. Specifically, AxiTrader seems to only deal in cryptocurrency CFDs. This appears to be true for English, Canadian and Australian users, while some other locations – like the United States – do not appear to be able to use the site generally.
We want to begin this AxiTrader review by making it clear that when it comes to cryptocurrencies and beyond, as far as we have been able to tell from the information on their site, they’re largely geographically consistent. However, we’ll go into this in more detail later in this AxiTrader review.
Cryptocurrency CFDs are a highly complicated investment option for sure, and this gives an indication of the kind of audience AxiTrader are targeting. There’s no surprise as to the crypto coin given the biggest spotlight at AxiTrader, Bitcoin is among the most popular of its kind, enjoying international appeal compared to some alternatives. This means it will appeal to many people from the UK, Canada, Australia and beyond.
We’ve talked about jurisdictions throughout this AxiTrader review. The truth is that AxiTrader is available in a huge number of markets but there are some exceptions to this. Notably, users from the United States are not able to access this site. Naturally, there are many countries where Forex trading is banned across the board, so there’s a notable limitation there too.
As far as we can tell, in terms of the countries that are available, the limitations put in place are due to logistical or legal issues that are preventing AxiTrader from offering more in that market. Countries we understand do not have access to AxiTrader – beyond the United States – are Iran, Iraq, Colombia and Japan.
While the AxiTrader crypto options are naturally of keen interest to our AxiTrader review, so is the scope of their trading generally. Once again, as far as the countries we’ve mentioned, there’s no suggestion on the site or elsewhere of there being huge differences in products traded in our AxiTrader review 2023.
According to their ‘Markets to Trade’ section and from what we’ve gathered from our research in general, the key trading areas for AxiTrader – alongside the cryptocurrency CFDs we already mentioned – include Currencies, Indices, Commodities, Gold & Silver, and Live Spreads. More generally, CFDs and Forex trading get the most attention from their site and are two key selling points of AxiTrader.
For Forex, for instance, our research leads us to understand that there are around 80 Forex pairs offered, which is more than many close competitors. We’re not considering them perfect in this part of our AxiTrader review: they have a focused rather than a true jack-of-all-trades selection which means their target demographic is a specific one. This isn’t a flaw in itself but more a direction they’ve taken, but it does mean they cannot be considered perfect – if indeed, any trading platform can.
While AxiTrader does have its limits – it’s not everything every kind of investor could ever need – they remain utterly excellent at what they do. Among other things, that includes being one of the best value, most practical and all-around best options for those interested in Forex and CFDs.
What they offer is made crystal clear through their excellent website, which backs up all those educational and explanatory resources with a world-class customer service team. When you combine all this with one of the best platforms ever devised in MT4, it becomes clear that their reputation is very well earned. For their target market, it’s hard to see many areas upon which AxiTrader could improve. It’s top marks here in our AxiTrader review.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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