AxiTrader Review in 2020

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axitrader fees


AxiTrader Review in 2020

At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

By the way, we’re 100% free to use & fully independent
Trusted by thousands


axitrader review AxiTrader Review:
Low Trading Fee CFD & Forex broker


As one of the best forex brokers and also one of the best CFD brokers in the world, AxiTrader, a well-known Australia based brokerage was established in 2007 and branded itself asa safe broker to be governed by Dubai Financial Services Authority (DFSA) and Australia authority the Securities and Investments Commission (ASIC).

Even though AxiTrader is not publicly listed on any stock exchange, its reputation is great as a safe broker since it is regulated by top-tier financial authorities, not just for Australian, but also other parts of the world (including middle east) & the Financial Conduct Authority (FCA).
The portfolio of products and services that AxiTrader offers are mainly around Forex, and CFD. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated Axi Trader as an option for:

  • Best FX Forex broker
  • Best CFD broker
  • You can also find other options and review the best forex brokers or glance through our list of best CFD brokers that our editorial team has reviewed this month, alongside other online brokers.

    AxiTrader Pros and Cons

    In terms of online trading platform, our review was about account opening which is pretty fast and smooth on AxiTrader. For those who are not interested in crafting their own strategy, unfortunately, unlike eToro, AxiTrader does not offer social trading.

    Quick withdrawal process and free of charge withdrawal along with low trading fees sets them apart and gives clients a huge advantage. Tip: AxiTrader has a $0 minimum deposit which is also great.

    A Great part of the deal is your investment protection, especially if you arre in Europe. (European clients get £85,000 protection on their investment.
    There is always a flip side of the coin and it is AxiTraders' limited portfolio which is about CFD & FX.

    If you wish to compare AxiTrader with other best alternative brokers, click here, otherwise keep reading.



    best cfd broker
    Best broker for
    FX Forex & CFD (Low Trading Fees)
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $0

    Withdrawal Fees:

    Free

    Investor Protection:

    £85,000 for European Clients

    Regulated:

    YES, Dubai, Australia

    Customer Support:

    Live Chat, Phone, Email

    Demo Account:

    YES

    Trading Options:

    CFD, Forex

    Expert rating:

    Online Trading Platform: Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overal Ranking:

    4.35 / 5

    Deposit & Withdrawal Type:

    Bank Transfer, Credit/Debit card*, Electronic wallets

    Open Account

    AxiTrader Pros and Cons

    In terms of online trading platform, our review was about account opening which is pretty fast and smooth on AxiTrader. For those who are not interested in crafting their own strategy, unfortunately, unlike eToro, AxiTrader does not offer social trading.

    Quick withdrawal process and free of charge withdrawal along with low trading fees sets them apart and gives clients a huge advantage. Tip: AxiTrader has a $0 minimum deposit which is also great.

    A Great part of the deal is your investment protection, especially if you arre in Europe. (European clients get £85,000 protection on their investment.
    There is always a flip side of the coin and it is AxiTraders' limited portfolio which is about CFD & FX.

    If you wish to compare AxiTrader with other best alternative brokers, click here, otherwise keep reading.


    How much is AxiTrader Fees

    There are mostly Pros than cons here.
    The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
    ✓ For S&P 500 CFD the fee is 0.6 average spread cost, which is considered to be low.
    ✓ For GBPUSD the commission is $3.5 per lot, which is considered to be low.
    ✕ For EURUSD the fee is $3.5 per commission per lot, which is considered to be low.
    ✓ $0 inactivity fee is a plus in Axitrader.


    TIP: In reality it can take 2 business days to withdraw your money via bank transfer.
    Some other positive points are:


    best cfd broker
    Pros

    CFD Fees = Low

    Forex Fees = Low

    Non-Trading Fees = Minimum

    Withdrawal Fee = None


    best cfd broker
    Cons

    Limited portfolio of offers (Only CFD,. Forex)

    Investment protection is not available in all countries




    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked AxiTrader fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: Pepperstone and IC Markets
    Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

    Trading fees are very easy to understand. Those fees are there only when you trade anything.
    Trading fees come in formes of:

  • Commissions
  • Spreads
  • Financial Rates
  • Conversion Fees
  • Now it's time for Non-trading fees
    These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

    AxiTrader

    Best Online broker for FX Forex & CFD


    4.35

    Minimum Deposit

    $0

    Trade Now

    AxiTrader Trading fees

    AxiTrader, which is primarily known as a CFD or forex broker offers very low trading fee trading options for clients from all legally acceptable countries. Unfortunately, you can not set the leverage to one and enjoy trading with real stocks and ETFs (At least till now).
    Let's deep dive and have a look at AxiTrader's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
    The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
    * Volume: a $2,000 position for the stock Index
    * Volume: $20,000 for the forex transactions.
    The leverage in this scenarios is:
    • 20:1 stock index CFDs
    • 30:1 forex


    Here is the tabular view of AxiTrader's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    AxiTrader

    Pepperstone

    IC Markets

    S&P 500 index CFD fee

    $1.7

    $2.0

    $2.5

    Europe 50 index CFD fee

    $1.2

    $1.6

    $1.9


    Forex Scenario

    Benchmark Fee

    AxiTrader

    Pepperstone

    IC Markets

    EURUSD

    $13.8

    $14.9

    $15.8

    GBPUSD

    $11.6

    $12.5

    $12.1

    AUDUSD

    $9.5

    $11.9

    $10.6

    EURCHF

    $1.1

    $3.7

    $4.8

    EURGBP

    $11.0

    $10.6

    $9.9


    One good thing about AxiTrader is that it operates in majority of countries. If you are not from terroristic countries, you have high chance to get your account approved in a day.


    AxiTrader's Online Trading Platform

    Even though it offers all 3 trading platforms (desktop trading platform, web trading platform, and mobile trading platform) the web platform does not offer price alert.
    Oon the positive side, you can see your order confirmation, and customize your reports and charts. The desktop and Mobile app offers much better user experience for trading & performance tracking.

    If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
    A negative point is that you are not able to add more security to your account (something like two-step login).

    The UI & UX of AxitTader desktop and mobile trading platform is unique and user friendly because they use MetaTrader4.
    At a glance it looks like this:



    You should not be worried if English is not your strength, because AxiTrader and MetaTrader trading platform is available in:

    You should not be worried if English is not your strength, because AvaTrade trading platform is powered by: MetaTrader 4, MetaTrader 5, AvaOptions, and WebTrader and it supports the following languages: Arabic Bulgarian Chinese Croatian Czech Danish Dutch, Estonian Finnish French German Greek Hebrew Hindi Hungarian Indonesian Italian Japanese Korean Latvian Lithuanian Malay Mongolian Persian Polish Portuguese Romanian Russian Serbian Slovak Slovenian Spanish Swedish Tajik Thai Traditional Chinese Turkish Ukrainian Uzbek Vietnamese and of course English.

    When it comes to trading, customer service plays a good role.
    Overall, AxiTrader customer support team respond fast via Live Chat, decent service level agreement on Phone and Email too but they have yet to establish a 24/7 support process (So don't count on week ends, in't only 24/5). They have a live chat and offer help in English.

    AxiTrader

    Best Online broker for FX Forex & CFD


    4.35

    Minimum Deposit

    $0

    Trade CFD Now

    What can you trade on AxiTrader

    Products and Markets

    The options that are available to you at AxiTrader are:

  • CFD
  • Forex
  • Crypto Currency
  • When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements / we have no info at this moment about fiat currencies)
    All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

    Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade (That applies on real stocks which is not available here). For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex FX and CFD trading default leverages are high, So, don't gamble.



    best forex broker Trade CFD Now Tip: You can change the default leverage level of the products.

    Currency pairs:

    80

    Stock index CFDs:

    11

    Stock CFDs:

    ---

    ETF CFDs:

    ---

    Commodity CFDs:

    22

    Bond CFDs:

    --

    Future CFDs:

    --

    Cryptos:

    6


     

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
    Disclaimer: Indicative prices; current market price is shown on this trading platform. Past performance is not an indication of future results. The trading history presented is less than 5 years old and may not suffice as a basis for investment decisions. This post is not investment advice.


    How to open account on AxiTrade Broker.


    You can expect a very easy, smooth and professional process to open your account with AxiTrade. All you need is an email or a social platform login
    You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.

    Depending on the owner and fee structure you may open different types of accounts at AxiTrader
    * Individual, which is obvious and owned by you, or any individual
    * Joint account can be owned by couples or more than 1 person
    * Corporate account which is owned by a company or a legal entity

    When it comes to the fee structure, you may find the following fee structure interesting:
    * Standard accounts have zero commission fees but comes with higher higher spreads
    * Pro account has lower spreads, something about $7 round trip commission
    * If you are a UK client, you can choose spread betting account which is tax free
    You can immediately use your demo account for free.

    However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). Well, its more than easy to place an order and you will be guided throughout the process.
    As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with AxiTrader.

    axitrader account opening

    Performance Tracking

    Tip about away times:
    You can not set price alerts and notifications on AxiTrade and customise the reports easily.
    No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.
    It Offers good search functionality yet the look and feel is not that modern.
    It offers neat portfolio reporting mechanism and clear fee reports where you can sort out your PnL / profit-loss balance and review all commissions that you paid.


    Finally, Research & Education

    Alright, if you are looking for educational videos to begin with, apart from out blog on top 10 best, AxiTrader offers good quality videos even about psychology of trading, etc.
    The news feed and other articles are well written and are of decent quality.
    Yes, you will get a demo account and sufficient balance to begin practicing.

    When it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good UI and user friendliness environment,
    You can use 31 indicator for technical analysis (Including trendlines and Fibonacci retracement, etc.)
    It does not offer wither fundamental data, or trading ideas.

    Our Take


    AxiTrader is considered to be a safe, and regulated (in some markets). They offer good research tools and easy to navigate online trading platform (Desktop is much better than Web platform). It charges very low trading fees, and no inactivity fees.
    If you are ready to trade, just make sure you are aware of the risks. If not, it is a good platform to start with a demo account and then move to online trading. Overall it has more pros than cons. But always remember, no matter what broker you choose, Trade wisely.


    AxiTrader

    Best Online broker for CFD, Forex


    4.35

    Minimum Deposit

    $0

    Start Trading