AxiTrader is one of the most prominent trading platforms in the world. With over 14 years of experience, AxiTraders offers various features, including low forex fees and fully digital account opening. There are more features that can’t be fitted into one paragraph only. So, in this article, we will give you all the information you need about this trading platform in a comprehensive AxiTrader review.
What is AxiTrader?
AxiTrader is a forex broker founded in 2007. Initially only based in Australia, AxiTrader has spread its influence to international territory. As a result, the London branch of AxiCorp was established in 2012. This continuous expansion makes AxiCorp one of the most respectable companies in Forex and CFD trading. To this day, AxiCorp has over 42000 traders on its books and different satellite offices across the globe.
Is AxiTrader safe? AxiTrader is regulated by multiple financial authorities, making it one of the safest trading companies in the world. In the UK, AxiTrader is regulated by the Financial Conduct Authority (FCA). In its home base in Australia, AxiTrader is regulated by the Australian Securities and Investment Commission (ASIC). While in Dubai, the company was regulated by the Dubai Financial Service Authority.
Advantages and disadvantages of AxiTrader
In a particular AxiTrader review, one of the primary advantages of AxiTrader is the low forex fees compared to other trading companies. On top of that, AxiTrader also offers free deposits and withdrawals. You can open an account easily through AxiTrader’s fully digital account opening service. As a result, trading via AxiTrader is more accessible for beginners. Other than that, AxiTrader doesn’t require any minimum amount of deposit fee.
Despite all that, there are some cons that you need to know. AxiTrader only supports forex and CFD trading. So, if you want to engage in a different trade market, it is not possible with AxiTrader. However, this drawback is covered by AxiTrader’s ability to grant users access to more than 140 trading instruments, including Forex, metals, cryptocurrencies, and CFDs.
What is AxiTrader leverage?
Leverage is a ratio indicating the exposure level that you have to trade. By using leverage, you’ll have the ability to control higher value trades that the cash balance that you hold. AxiTrader leverage depends on the region in which you initiate a trade. An ASIC-regulated AxiTrader account allows you to have up to 400:1 leverage for a standard trading account.
However, if you live in Europe, your AxiTrader account is most likely regulated by the European FCA regulation. Therefore, you can only use limited leverage of 1:30 maximum. So, choose wisely when you open an AxiTrader account for the first time.
So, that’s all you need to know about AxiTrader. With more than 13 years of experience in trading, AxiTrader has proven itself to be the most prominent trading company in the world. On top of that, AxiTrader is very secure and stable, which is supported by the monitoring of three reputable broker regulators. So, after reading this AxiTrader review, hopefully, you would consider using their platform and service to engage in the trade market.