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Axitrader Broker Review

FX Scouts By Jeffrey Cammack Updated: May 25, 2020
Overall Rating
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

AxiTrader is an Australian ECN broker with tight spreads, no minimum deposit and a focus on creating a comfortable environment for serious traders. Axitrader has received strong industry recognition for their professional setup including Best MT4 Broker 2018 (Compare Forex Brokers Australia) and Best MT4 Provider 2018 (UK Forex Awards).

An Islamic option is available on both trading accounts, as is free AutoChartist; and a free VPS service once you hit a minimum trading volume.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
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, UK, Singapore, Dubai, Philippines, China, New Zealand

Deposit & Withdrawal Methods

Supported Platforms for Axitrader

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

Compare CFD Brokers

Overall Rating 4.53 / 5 4.54 / 5 3.60 / 5
Minimum DepositUSD 5USD 100USD 1000
Regulation
FCA FCA
ASIC ASIC
DFSA DFSA
CySEC CySEC
FCA FCA
FSA-Seychelles FSA-Seychelles
FCA FCA
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, WTIsCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIsCommodities, Cryptocurrencies, Forex, Equities, Bonds, Futures
Forex Pairs80+60+78
Crypto Pairs115
Pros
  • Low minimum deposit
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets
  • Great platform choice
  • Wide range of assets
Cons
  • Poor customer service
  • Limited demo account
  • MT4 only
  • High minimum deposit
  • Limited education
  • Poor customer service
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 4 / 5
Trading Conditions 4.5 / 5 5 / 5 4 / 5
Trading Platforms 4.5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 4.5 / 5 4.5 / 5 3 / 5
Education & Research 4.5 / 5 4.5 / 5 2 / 5
Assets Available 4.5 / 5 4.5 / 5 3.5 / 5
Customer Service 4 / 5 4 / 5 3 / 5
% Lose with this broker 67.7% of retail investor accounts lose money when trading CFDs with this provider 73% of retail investor accounts lose money when trading CFDs with this provider 77% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:130:1400:1
Spread0.1 pips0.0 pips1.7 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • MT4 Standard Account (Mini)
  • VIP (Vip)
  • Standard (Professional)
Islamic Account Yes Yes Yes
Trading Platforms MT4, MT5 MT4 MT4, MT5, AdvancedTrader
Funding Methods Visa, Mastercard, Maestro, Skrill, Neteller, Bank Transfer Bank Transfer, Visa, Mastercard, Skrill, Neteller, SticPay, Unionpay, Fasapay Bank Transfer, Visa, Mastercard, Unionpay
Trading Commission 7 USD / lot - PRO account 4 USD / lot - Pro Account Fees Included in Spread
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Overall Rating 4.53 / 5 4.54 / 5 3.60 / 5
Minimum DepositUSD 5USD 100USD 1000
Regulation
FCA FCA
ASIC ASIC
DFSA DFSA
CySEC CySEC
FCA FCA
FSA-Seychelles FSA-Seychelles
FCA FCA
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, WTIsCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIsCommodities, Cryptocurrencies, Forex, Equities, Bonds, Futures
Forex Pairs80+60+78
Crypto Pairs115
Pros
  • Low minimum deposit
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets
  • Great platform choice
  • Wide range of assets
Cons
  • Poor customer service
  • Limited demo account
  • MT4 only
  • High minimum deposit
  • Limited education
  • Poor customer service
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 4 / 5
Trading Conditions 4.5 / 5 5 / 5 4 / 5
Trading Platforms 4.5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 4.5 / 5 4.5 / 5 3 / 5
Education & Research 4.5 / 5 4.5 / 5 2 / 5
Assets Available 4.5 / 5 4.5 / 5 3.5 / 5
Customer Service 4 / 5 4 / 5 3 / 5
% Lose with this broker 67.7% of retail investor accounts lose money when trading CFDs with this provider 73% of retail investor accounts lose money when trading CFDs with this provider 77% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:130:1400:1
Spread0.1 pips0.0 pips1.7 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • MT4 Standard Account (Mini)
  • VIP (Vip)
  • Standard (Professional)
Islamic Account Yes Yes Yes
Trading Platforms MT4, MT5 MT4 MT4, MT5, AdvancedTrader
Funding Methods Visa, Mastercard, Maestro, Skrill, Neteller, Bank Transfer Bank Transfer, Visa, Mastercard, Skrill, Neteller, SticPay, Unionpay, Fasapay Bank Transfer, Visa, Mastercard, Unionpay
Trading Commission 7 USD / lot - PRO account 4 USD / lot - Pro Account Fees Included in Spread

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit Axitrader

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

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