AxiTrader Review

AxiTrader Review

AxiTrader Review

AxiTrader is an Australian-based forex broker that was founded in 2007. Regulated by the Australian Securities and Investments Commission (ASIC), AxiTrader’s headquarters are in Sydney, Australia. In 2010, AxiTrader expanded its global presence when it founded its London office, which is regulated by the Financial Conduct Authority (FCA).

AxiTrader is one of the most client-friendly brokers in the world, as it offers very competitive spreads on 80 different currency pairs. AxiTrader is a MetaTrader-only broker that offers its clients access to powerful add-ons and plugins, like Autochartist and PsyQuation.

These qualities make AxiTrader a suitable trading broker for beginner, intermediate, and experienced forex traders.


AxiTrader is regulated and licensed by the Australian Securities & Investments Commission (ASIC).

Moreover, AxiCorp Limited has a London-based entity that is authorized and regulated by the Financial Conduct Authority (FCA).

Both the ASIC and FCA are trusted to maintain a secure and safe market for domestic and foreign forex traders. Regulation by these authorities help AxiTrader clients feel a strong sense of security.

Regions Available

AxiTrader is an available broker in the Forest Park FX cash back rebate program to traders in Latin America, Europe, Middle East, and APAC regions, subject to certain country-specific restrictions.  Due to regulations it is not currently available to United States or Canadian residents.

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Types of Accounts

AxiTrader offers its clients two types of accounts — both of which use MetaTrader 4 as their trading platforms.

MT4 Standard Account

Standard Accounts at AxiTrader are very accessible to the low-volume or inexperienced forex trader as they require no minimum deposit.

AxiTrader’s Standard Account allows users to trade 80 currency pairs, commodities, and equity indices with extremely competitive spreads and no commission fees.

MT4 Standard Accounts support AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD. Moreover, this account type supports micro trading with a minimum trade size of just 0.01 lots. Traders also have access to up to 400:1 in margin, free access to Autochartist, and free VPS hosting depending on trading volume.

AxiTrader Review
Account Comparison


MT4 Pro Accounts

Like the MT4 Standard Account, MT4 Pro Accounts do not require a minimum deposit. As such, low-volume traders can still take advantage of the tighter spreads and commission rates that are typically only available to high-volume traders.

Spreads for Pro Accounts start as low as 0.0 pips with commission rates as low as $3.50 per lot per side. Pro Account holders are also offered instant execution with no requotes.

AxiTrader offers clients with a Pro Account access to ECN-style deep liquidity, AxiTrader’s price improvement technology, low swap rates, free VPS hosting, and more.

Both MT4 Standard and Pro Accounts support automated trading via Expert Advisors, access to MT4 NexGen, and mobile trading.

Lastly, both account types offer a 30-day demo account where users can practice trading in a simulated environment. This allows traders to get used to the MT4 and develop their trading strategies before going live.

Deposits & Withdrawals

AxiTrader clients can use the following methods to fund their accounts:

  • Debit/Credit Cards – Processed Instantly
  • Neteller – Up to 15 Minutes
  • Skrill – Up to 15 Minutes
  • Bank Transfer – 1 Business Day for Local Deposits, 3-5 Business Days for International
  • Broker to Broker Transfer – 3-5 Business Days
  • Global Collect (for Australian Clients) – 3-5 Business
  • BPAY (for Australian Clients) – Same Day or Next Day
  • China Union Pay (for Chinese Clients) – 1-3 Business Days

Withdrawals can be made by logging into the AxiTrader client portal. Both deposits and withdrawals are fee-free.

The time it takes for clients to receive their funds is as follows:

  • Neteller – Same day or next day
  • Global Collect – 3-5 business days
  • BPAY – Same day or next day
  • Bank Transfer – Same day or next day for local withdrawals and 3-5 days for international withdrawals
  • China Union Pay – 1-3 business days

Like most other brokers, AxiTrader does not allow third-party deposits or withdrawals as doing so would leave account holders vulnerable to fraud.

Commissions & Fees

For Standard Accounts, there is no commission. Instead, AxiTrader incorporates its transaction fees into the bid-offer spread.

Average spreads for Standard Accounts on EUR/USD is 1.46 pips with spreads as low as 1.0 pip. AxiTrader is able to consistently offer low and competitive spreads thanks to its network of tier-one prime brokers and liquidity providers.

On the other hand, Pro Account holders are charged a commission rate of $3.50 per side or $7 per round turn lot in exchange for much tighter spreads. The average spread on EUR/USD for pro accounts is 0.9 pips and has been as low as 0.1 pips.

Overall, AxiTrader’s pricing remains very competitive with other major forex trading brokers.

Trading Platforms & Tools

AxiTrader supplies its clients with several powerful tools and resources to help them implement and develop their trading strategies, including the powerful MetaTrader 4 (MT4) platform.

MetaTrader 4

MetaTrader 4 remains one of the most popular, innovative, and intuitive trading platforms available.

With AxiTrader’s MT4 platform, clients can benefit from very low spreads, favorable swap rates, fast execution, and zero platform fees.

AxiTrader Forex Broker

Clients can trade with speed, simplicity, and flexibility by utilizing one-click trading which allows users to instantly trade currency pairs, CFDs, Commodities, and Indices directly from charts. MT4 supports

  • Three execution modes
  • Two market orders
  • Four pending orders
  • Two stop order and a trailing stop
  • 30 technical indicators
  • 23 analytical objects

MetaTrader 4 allows users to copy trading strategies from other users. Clients can choose from thousands of free and paid signals and copy their strategies directly into their terminals. This feature means inexperienced traders can benefit from effective strategies developed by more profitable users.

Automated trading via Expert Advisors is also supported by MT4. Clients can use MT4’s robust testing environment to develop effective automated strategies.

All of these beneficial features are available on all browsers and operating systems, including Linux.

MetaTrader 4 NexGen

Traders who open an account at AxiTrader with a minimum deposit of at least $1,000 are offered free access to the MT4 NexGen add-on. The add-on consists of various plugins that can be used to enhance the already powerful capabilities of default MetaTrader 4. This includes plugins such as:

  • Sentiment Indicator – View how others are trading
  • Correlation Trader – Spot new trading opportunities
  • Economic Calendar – Keep up with major market news
  • Session Map – View global opening and closing times
Forex Trading
MT4 NexGen Sentiment Indicator

These plugins, among the many others offered by this add-on, can take your MT4 experience to the next level.

Mobile Trading

MT4 on iOS and Android is nearly identical to the desktop and browser-based versions of the forex trading platform.

Mobile users can take advantage of trading directly from charts, price alerts, market news, a variety of technical indicators and analytical objects. Clients can view trade history, real-time price updates, monitor live orders, and create watchlists.

AxiTrader Trading Platforms
MT4 on Android

As it is nearly impossible to be near your computer all day, it is important to keep up with market news and have the ability to place orders from any location. MetaTrader 4’s mobile offerings allow traders to never miss a beat as it provides almost all of the same features as its desktop and web-based counterparts.

Additional Resources

In addition to the trading platforms and tools listed above, AxiTrader provides a number of other beneficial resources.


AxiTrader provides its clients with free access to the very useful Autochartist software. Autochartist scans markets, recognizes chart patterns, and spots new trade opportunities. Additionally, Autochartist can be used directly with MT4 as it is now offered as a plugin.

AxiTrader Forex Broker Review

Autochartist has a number of benefits, including:

  • Free daily market reports
  • Automated trade opportunity alerts
  • Automated identification of Fibonacci patterns
  • Volatility Analysis

Autochartist is a fantastic tool that can be used to develop your trading strategies and automate a number of tasks.


Traders who retain an account balance of AUD$500 and trade at least one standard lot per month are offered free access to PsyQuation (PQ) Premium. All clients are offered free access to the standard version of PQ.

PQ is a data analytics platform which uses algorithms to analyze your trading behavior, identify mistakes, and help you avoid repeating those mistakes. With PQ, you will receive behavioral and risk alerts, performance impact analysis, and more.

The premium version of this tool provides users with access to more powerful tools and indicators, such as the Order Flow Sentiment Indicator (OFSi), which lets traders view the Buy and Sell order flow of 22,000+ live trading accounts.


Customer Service

AxiTrader provides consistent and reliable customer service.

Clients can contact AxiTrader 24 hours per day, 5 days per week via live chat, email, phone, social media, or in-person at its offices in Sydney and London. AxiTrader also provides several toll-free phone numbers for clients in major markets such as China, Hong Kong, Australia, the United Kingdom, and more.

Final Thoughts

Overall, AxiTrader is a fantastic forex broker for any trader thanks to its incredibly reliable offers, competitive pricing, and access to a number of powerful tools and resources.

MT4 Standard and Pro Accounts do not require a minimum initial deposit — making them very accessible while still offering tight spreads and competitive commission rates. Additionally, access to MetaTrader 4, MT4 NexGen, Autochartist, and PsyQuation ensures that forex traders have all of the tools that they need to be successful. For these reasons, traders of any experience level should feel comfortable opening a forex account at AxiTrader.

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