Established in 2007, AxiTrader is one of the top ECN Forex brokers in Australia as well as a leading global financial services provider. AxiTrader is regulated in the UK and Australia, offering its services in multiple languages including English, German, Spanish, Chinese, Thai, Indonesian, Russian, Polish and Arabic. The company is focused on Forex, cryptocurrencies and CFD trading in commodities, metals, and indices on the popular MT4 suite of platforms. Clients in South Africa are welcome to open accounts with AxiTrader.
AxiTrader Demo Account
Customers in South Africa and all over the world can open a demo account for risk-free practice trading with $50,000 of virtual funds at AxiTrader. The demo account is available to all clients and does not depend on the type of live trading account chosen. Traders with a demo account are given immediate access to the MT4 platform for 30 days and the complete range of tradeable products offered by AxiTrader. The demo account provides a training ground for novices without any real money losses, in an authentic trading environment. We were pleased to see that all the trading tools are made available in the demo account, as well as signals for practicing copy trading. If you prefer real money copy, trading, we recommend Deriv copy trading.
Customers at AxiTrader are offered the choice of an MT4 Standard Account or the MT4 Pro account. We saw that both types of trading account give access to the secure MetaTrader4 suite of platforms for desktop, web trading and mobile trading. Swap-free Islamic accounts are available at AxiTrader with zero % administrative fees on major and minor forex currency pairs and on precious metals. Only positions remaining open for 5 days or more, pay the Islamic account admin fee indicated on the AxiTrader website.
Tip: Consider IQ Option instead – the best regulated broker for South African traders with a minimum deposit of only $10!
Shared Features of the AxiTrader MT4 Standard and MT4 Pro Accounts
- Account base currency can be EUR, GBP, USD, CHF, PLN, AUD, HKD, SND, CAD, NZD or JPY.
- Zero initial deposit requirement
- 80+ Forex currency pairs, metals and CFDs
- Flexible leverage up to 1:400
- 01 minimum trading lot size
- Free access to AutoChartist service
- Free VPS
- Optimised to accommodate automated trading with Expert Advisors
- Accounts accessible with the AxiTrader MT4 mobile trading app
- Swap free Islamic accounts available on request
AxiTrader MT4 Standard Account Exclusive Features
Customers who set up an MT4 Standard account don’t pay trading commission on Forex and CFD trades. Nevertheless, revenue is generated by AxiTrader through the spreads on financial instruments, with spreads on major FX currency pairs starting from 1 pip. We saw that traders with a regular MT4 account are entitled to set up a ‘MyFXBook’ sub-account for automated algorithmic trading. This is only possible if customers deposit at least $1,000 initially to the MT4 Standard account, and request the sub-account through the client request panel or from customer support. It’s important to realize that MyFXBook’ auto trading is commission free, but customers are required to pay a portion of the spread on profitable trades (up to half a pip) to the AutoTrade service provider.
Exclusive MT4 Pro Account Features
With a Pro account at AxiTrader, clients enjoy very tight spreads from 0 pips on major Forex currency pairs. However, a $7 USD commission is payable on every round trade.
AxiTrader Review
Clients at AxiTrader can trade in the BTU/USD CFD on the MetaTrader platform. The price movement of Bitcoin against the US dollar can be traded with up to 1:10 leverage in both the demo and live trading accounts. Notably, with the Bitcoin CFD, AxiTrader clients don’t need to own a digital wallet with expensive Bitcoin assets to benefit from the price volatility in cryptocurrency markets. Neither do they need to wait for sufficient liquidity in crypto markets to sell off investments? Trading in crypto CFDs is immediate and does not run the risk of online fraud resulting in digital coins being stolen.
Customers in South Africa and elsewhere, who choose to trade with AxiTrader get free access to the MT4 platform suite irrespective of the initial deposit to the trading account. The ‘regular’ MT4 platform is available as the MT4 for desktop, the browser-based WebTrader, and the mobile trading app. Clients seeking to carry out very advanced Forex trading can get access to the NexGen MT4 by making an initial deposit of $1,000 or more.
Main Features of the AxiTrader MT4 Platform
- User-friendly customizable software
- Download to desktop with Windows operating system
- High-speed one-click trading
- 31 advanced technical indicators
- Advanced charting packages
- Diverse order types
- Risk management tools
- Live streamed market prices
- Auto trading strategies with Expert Advisors
- Inbuilt multi-lingual support
AxiTrader MT4 NexGen Platform Features
- Access requires a minimum first deposit of $1,000
- Enhanced MT4 trading platform with advanced features
- Offers sophisticated order management tools
- Free demo account built-in
- Video tutorials provided on the key features
- Link to Excel spreadsheet
- Correlation trader cuts down money management errors and spots new trading opportunities
- Sentiment indicator gives live insight into how others are trading
- Alarm management feature lets traders leave the platform unattended
Traders desiring smooth, seamless Forex trading from their mobile phone or tablet can download the free AxiTrader MT4 mobile app developed for Android and iOS operated phones and tablets. The app is available from the Apple App Store and the Google Play Store. Notably, the mobile trading platform is intuitive and very easy to use, enabling traders to manage their trades on the move in total security.
AxiTrader Copy Trading with MT4 Forex Trading Signals
The MT4 Forex platform allows customers to get access to numerous trading signals and trading strategies, by clicking on the ‘signals’ tab. Customers are required to pay a fee to receive the signals from successful traders using the MT4 platform all over the globe. Nevertheless, copy trading is less expensive than paying for the services of a fund manager and lets traders learn during the process.
Importantly, novice traders in South Africa can opt to copy the trading strategies of traders with proven success rates and potentially earn much larger profits than trading independently. Even advanced traders may decide to copy successful traders, saving the time and effort required to monitor markets and manage trades personally. Moreover, by following several traders who provide signals to the MT4 platform, copy traders can diversify trading strategies and reduce risk.
AxiTrader Scam
Support services are provided to customers 24/5 (Monday to Saturday AEST) from the ‘Client Services and Trading Desk’ at AxiTrader. To get in touch with the support team, traders can use the live chat help line on the interface or phone one of the 10 international toll-free numbers listed on the contact page. Alternatively, send an email to the support team or request a free call back by a support agent at a convenient time. Asking for a free phone call is especially useful for clients in South Africa who are so far from Australia and must pay high phone charges. We found the comprehensive FAQs page at AxiTrader answered most of our questions about trading with the brokerage and we recommend it as the first point of reference. We did not receive any complaints about AxiTrader Scam.
Further support is provided by AxiTrader in the Education and Research section on the website. Novice traders can learn the basics of Forex and CFD trading, gradually advancing through the well-structured training materials to the more advanced trading strategies. We found that the broad selection of eBooks and video tutorials explain Forex trading, technical analysis, and trading signals in simple terms making the training enjoyable. Importantly, traders can receive trading signals and technical analysis from AutoChartist, a reputable 3rd party service researching Forex trading patterns.
The brokerage supports a wide range of funding methods in the AxiTrader Client Portal and does not charge deposit and withdrawal fees. Currently, clients can choose from a variety of popular credit/debit cards, Neteller, PayPal, Skrill, Global Collect (Australian clients only), BPay (Australian clients only), China Union Pay (Chinese residents only), bank transfer as well as a broker to broker transfer. Moreover, customers in South Africa can expect to see some local payment methods when they open a trading account. Impressively, AxiTrader provides an unusually large choice of base currencies for clients trading accounts. Traders can select from the GBP, CAD, EUR, USD, CHF, AUD, PLN, HKD, JPY, SGD or NZD.
AxiTrader is a trading name of AxiCorp Financial Services Pty, (AxiCorp) an Australian financial services provider regulated by ASIC under the license number 318232 granted by the AFSL. The company has its headquarters in Sidney and offices in Shanghai, London, Chisinau, Dubai, Riyadh, and Jeddah. AxiTrader UK is the brand name of AxiCorp Ltd, a subsidiary of the AxiCorp, the Australian company. AxiTrader UK is regulated by the Financial Conduct Authority in the UK under the FCA number 509746.