AxiTrader is a trading name of AxiTrader Limited (AxiTrader), which is incorporated in St Vincent and the Grenadines, number BC by the Registrar of International Business Companies, and registered by the Financial Services Authority, and whose address is Suite , Griffith Corporate Centre, PO Box , Beachmont Kingstown, St Vincent and the Grenadines. A huge population of the traders believes that AxiTrader is the most complete online broker for any trader from Australia. There is no doubt that it remains one of the most popular brokers from the region. It also offers a great trading platform, but you still have to dig deeper to know exactly why this broker is better than many others out there. Feb 16, · AxiTrader is a relatively well established CFD broker that comes to us from Australia. They have an extensive track record in the industry and are well known for their relatively attentive customer service and extensive asset coverage. They also have a range of trading platforms and give traders numerous customisation options/
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Hence, it is quite a big criteria for us when we are selecting CFD brokers. Something that we quite liked about AxiTrader is that they are fairly open and transparent. They have a number of methods by which you can contact them with the fastest probably being by telephone. They have over 10 different toll-free numbers that you can call any time of the day Monday-Friday should you have problems with your account.
These are based in a number of different regions which means that you will get local language support. If you are slightly more traditional then you can make use of their specific customer support emails. You can reach them directly at service axitrader. We tested this out and we were able to get a response in under an hour. Alternatively, if you do not want to wait for a response on the email then you can always speak to them over live chat.
We also used this and we were able to get an instant response from an agent at AxiTrader. What really put the cherry on top for us was the fact that they were quite open to traders visiting their account managers at the offices. In terms of the trading platforms and technology at AxiTrader, they make use of the MT4 software. Most traders will no doubt be aware of this platform and many will have used it at other brokers.
For those who do not know, MT4 is a third-party trading program that was developed by a company called Metaquotes. This is one the most widely used external trading software currently on the market.
The MT4 platform is also much more sophisticated than any other technology that has been developed in house by a broker. It has a plethora of charting functionality as well as technical analysis. The MT4 platform is available to either be traded through your web browser or on the computer client. The latter is available for download on the AxiTrader platform and is available for both Windows and Mac machines. While it is great that you have so many options for trading with the MT4, we would suggest that you err towards the computer client.
This is because it is easier to complete your charting on this and there is also much less latency than there is on a web version. This includes a number of other tools and features that you will not find on the standard platform.
The following is an example of some of them:. Of course, you can also give it a whirl with a free demo account beforehand. For those traders who are constantly on the move, you will be happy to know that MT4 platform is also supported on your mobile device. When you install it on your device it connects to the AxiTrader server from with your MT4 account details.
This has a pretty extensive array of features for a mobile trading application. For example, you can still do a great deal of charting as well as implement a many of the studies.
However, we would still prefer to use the PC client for most of the advanced trading. When you are using a mobile you will have to contend with potential connectivity issues, not to mention the difficulty of placing trendlines on a mobile interface! Something else that AxiTrader has included free for all of their clients is their Autochartist. This is a tool that will scan the market and look for potential trade opportunities or profitable setups based on resistance levels.
This is an MT4 plugin that is relatively easy to install and comes in 11 different languages. It is also managed from a single user interface which you can customize to suit your trading environment. This will allow you to quickly place the trade should you still find it favorable. You can also use the volatility analysis which will help you set realistic exit levels that are based on current market conditions.
Should you want to receive alerts for these opportunities while away from your desk then you can also get them sent to your email. In order to further sweeten the deal for all of the traders, Axitrader has built in integrations for a number of third-party trading services. This is actually quite an impressive list of services that range from trade copying software to social trading and trade analytics software.
Some of these services are also well known to more professional traders. Hence, if you already have an account with one of these providers then you can link up your account with them.
If you do not have an account then you can easily create one straight from the AxiTrader website. Duplitrade allows you to automatically duplicate the actions of other expert traders on the platform directly in your trading account.
These traders will be chosen by Duplitrade based on their database of successful traders. Once you have created an account at Duplitrade these signals will be sent directly to your Axi trading account in the MT4 interface. It will also give you tools in order to better analyse the returns of the other traders on the platform. You can of course also test it in a demo to make sure it works for you. Tradency is a well-known mirror trading software. This allows you to follow the trading strategies of a group of professional traders.
You can also make use of algorithmic strategies that have been developed by these same professionals. So, Tradency is a bridge between these expert developers and your trading account. It allows these expert developers to create their own fully tested trading algorithms. You can either run these live in your account automatically or you can choose to copy select developers. If you are the kind of person who likes to bounce ideas off other traders then you may appreciate Zulutrade. You can also make use of some of the other neat features on Zulutrade including an account management suite that is equipped with advanced risk management tools.
It makes use of some of the most sophisticated algorithms which will analyse your own personal trading style to give you hints and tips about how to improve it. Not only will it analyse your trading history and make suggestions around this but it will also make use of the reams of trading data that it has gathered over the years.
This could help you by making suggestions which could significantly improve your trading performance. You can also set the platform up to receive notifications via the app, email or an SMS. These alerts could be set at the intraday level in order to provide up to date suggestions for improving your trading. Lastly, if you think that your trading is impressive then you can always export your trading data and use it to secure external funding from investors. This would be through the AxiSelect program.
AxiTrader is no exception in this regard. They have included a number of guides, videos and resources on their website that are positioned at traders with varying skill levels. Below are some of these materials:. This covers elementary concepts in Forex and CFD trading.
It will give you a list of helpful explanations and descriptions that can break some of the jargon that you will encounter when trading on any forex trading platform. They also take you through some of the more important mechanics of CFDs. This can be helpful when it comes to calculating your margins and understanding how price movements in the asset can impact on your PnL.
Lastly, they also have a glossary that covers some of those terms that you may not have heard about before. For those traders who prefer to watch videos for guidance, AxiTrader has included a host of video tutorials on demand. These tutorials help those traders new to the MT4 platform about how to set it up and make the most of its functionality. If you prefer to get a print version that you can download for offline reading, then they include their free ebook.
This is actually available for free and anyone can download it. You will need to hand over your contact details in order to get sent the ebook. We downloaded the book and it appears to be pretty stock and standard not a customised solution.
They also have a section that covers some of the latest charting setups from a technical analysis perspective. However, this seems to be quite outdated and has not been updated since October in Something else that you will most likely want to make use of is the Economic calendar.
This is helpful for traders to manage their risk around potentially market moving news. It can also be used by those who like to trade using an event driving strategy.
They will trade the excess market volatility created by misses or overshoots of the forecasted numbers. While the economic calendar is a great tool to have on the AxiTrader website, you can get them anywhere really. For example, you can always use the economic calendar on Yahoo finance. Traders who like to develop their own trading algorithms and Expert Advisors usually tend to purchase a VPS server to run their scripts on.
Moreover, given that these VPSs are located in high speed datacentres, you have very little latency when it comes trade execution. This is especially important for those traders who use high frequency trading algorithms.
AxiTrader works with a host of VPS providers that they can help you set up hosting accounts with. This could be an attractive solution for those professional traders who trade high volume through their algorithms. While there are a number of things that we liked about AxiTrader, there were a few things that we were quite disappointed by.
Firstly, we were surprised to see that they do not have any single name equities or stocks available to trade in their product offering. This is pretty standard for online brokers these days and may hurt them when it comes to stock traders.
Secondly, although they do offer cryptocurrency trading, the margin levels are very disappointing. We were also quite disappointed that although they did have a range of educational material, there were no live courses or webinars. These are offered by numerous other brokers and are a great way to provide ongoing support to the traders. The best thing is that this company is not just regulated by Australian authority but it is also owned by Australian traders.
A lot of online brokers can complicate the process of opening an account. They try to target all of their target niches and in doing so, they create a bunch of different account types.
On the other hand, you have only two different account types to choose from. One account is meant for new traders whereas the other account is meant for professional traders. The spreads are tight and start from 1. You can trade a minimum lot size of just 0. Things get even better when you look at the minimum deposit requirements. AxiTrader is one of the rarest brokers that have no limit on your initial deposit. You can deposit whatever you think you can afford.
If a broker tells you that you can trade indices, commodities, and currency pairs with it, you will not be impressed too much. What makes things different for a broker is when it offers a new financial market. With AxiTrader, you will be able to trade cryptocurrencies as well. The best thing is that you can trade Bitcoin when you sign up with AxiTrader with a basic or a professional account. In fact, it is leveraged trading that makes CFD trading so competitive against other trading methods.
You get huge leverages on your trades when you sign up with AxiTrader. Yes, there are other brokers offering some leverages as well but not many are offering leverages that are as huge as the ones you are getting from AxiTrader. Whether you open a professional account or a basic account, you can take advantage of leverages of up to You have a bunch of different currencies that you can put in your account so signing up from different countries should not be an issue.
Of course, you cannot become a great trader unless you get the best trading platform. You can ask traders as well as brokers and they will all agree that MT4 has been the king of all trading platforms for several years. From this account, you can trade CFDs of a variety of different asset types in a variety of different financial markets. On the platform, you will also get access to the most valuable signals that help you pulling off profitable trades.