Pepperstone vs AxiTrader 2022

Please be aware that this might heavily reduce the functionality and appearance of our site. It won an award for being number one for Customer Service in investment Trends year 2013 during Australia FX Report. Also, in the year 2017, it won ‘Highest Overall Client Satisfaction’ in the Investment Trends Australia FX Report.

It is quick too, and you will most likely have your account approved within 1 to 3 business days. Pepperstone and IC Markets do not charge any of those fees either. Like all brokers, there is a lot to like and some things that they could do better. The whole point of this review is to make sure that they have what you are looking for. With that out of the way, we are going to dive into the fees, and see how much it will cost you, to trade with AxiTrader. You also need to know that the risks are manageable or that you can lose money without wiping yourself out.

Traders who like to develop their own trading algorithms and Expert Advisors usually tend to purchase a VPS server to run their scripts on. This is because these are running 24/7 and have very little downtime. If you prefer to get a print version that you can download for offline reading, then they include their free ebook. 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 . When you have it open and you spot a potential trading opportunity, you can quickly hit the “view” button and it will open the chart in question.

We do not present any investment advice or guarantees for the accuracy and reliability of the information. When you become more profitable, the MT platform starts to freeze, with no signals coming through, nor is the platform responsive. Another cost you should consider while trading is Swap Fee or an adjustment reflecting the relative difference in interest rates or yield on the underlying instruments. Typically, AxiTrader will charge Swap Fees on a Long Position and pay Swap Fees on Short Positions. For the negative points, instruments range is limited to Forex and CFDs and there is no propose for beginners education with courses.

It is easy to place orders, and you have these types of orders available; market, limit and stop-loss. You cannot set your alerts and notifications when using the AxiTraderweb-trading platform because that feature is only available when you are using the desktop app. You will have the AxiTrader web trader, the mobile platform and the desktop app.

Featured Brokers

The educational department at AxiTrader is very insightful for new traders as it permits them to get a closer look in the financial markets. AxiTrader caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading. Also, Axi offers training and free educational materials every trader needs.The company has online education programs, tutorial videos, and free webinars. It has also blogs written by experienced traders that will surely inspire you while trading with this broker.

AxiTrader is great for traders that want a manageable selection of low-cost services. The platforms offered by AxiTrader are third-party, white-label offerings. All traders can select out of MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps.

Autochartist constantly scans markets and automatically recognizes trade set-ups based on support and resistance levels; traders are notified once an opportunity has been identified. In Australia, all customer’s funds are banked and held pit bull trader on trust, and dealt with in accordance to the Australian Corporations Act 2001, as well as the regulations made thereunder. AxiTrader is required to hold a minimum of $1 million in operating capital, like all other ASIC regulated brokers.

AxiTrader also provided video tutorials on how to navigate their platform. The broker could provide more video tutorials covering other topics. We were advised to initiate our next withdrawal via bank transfer, which we did, and the funds arrived on the next day. We contacted the broker’s customer support team to resolve the challenges we faced. Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets. The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc.

AxiTrader

The company had made four different counts of brokerage violations under the regulator’s Financial Conduct Act 2013. AxiTrader mainstays at the technical solution through a platform – MetaTrader 4, presented in a Web, Android, iPhone and iPad versions. Good to note, that not all MT4 platforms created equal, as the broker may invest into a co-located server and fiber optics, in order to process more accurate trading or not. AxiTrader’s has no minimum deposit requirements, you are free to deposit any amount.

On the negative side, the broker only has a small range of products, which are forex instruments and some CFDs. Customer support is available only 24/5, and research options are limited. They either don’t charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Axi even in case you trade frequently like multiple times a week or daily.

AxiTrader is not replicated by the country’s regulator – the Financial Services Authority. It is a broker noted under its regulatory jurisdiction, as mentioned on AxiTrader international website. This website registers the highest share of AxiTrader users every year.

We can say that the fees and costs of Axi are favorable for traders. Since Axi gives traders the ability to trade Forex and some CFDs, you must know the difference between these two in order to have better trading results. CFDs are complex instruments and come with a high risk of losing money or investments rapidly due to leverage. About 74 – 89% of retail investor accounts lose money when trading CFDs with this provider. You should know if you are willing to take the risk of losing money by trading CFDs before making a decision. Axi trading brokers forex commissions start from US Dollar 7 per round trip or $3.5 per lot.

Axitrader Fees

There are a range of different CFD products that you can trade at AxiTrader. These are both spot CFDs as well as a selection of CFDs on Futures . Keep your trading costs low with competitive spreads across a wide range of currencies, commodities and indices.

Bank Transfer – Deposits and withdrawals are free via bank transfers but can take up to three days to reflect. International bank transfers will take 3-5 business days for the funds to reflect in your account and may be liable for further bank fees which will not be covered by Axi. Axi has a large range of funding methods, including those in GBP. It also charges no fees for deposits or withdrawals via any method, a rare feature amongst Forex brokers. AxiTrader is a well-regulated broker, overseen by various authorities in several jurisdictions.

Trade with a Regulated Broker

The perceived high risk of losing money when trading on AxiTrader has been debunked in this review. It is a financial service provided globally and is legit for users in the countries regulated under its authorities. AxiTrader and AxiCorp Financial Services Pty LTD are two different entities. The latter is the corporate owner of all the operating subsidiaries.

The bulk information from multiple authentic resources is scanned and filtered to identify high-value data. This information collection process is outsourced to Autochartist vantage fx review trustpilot or PsyQuation Premium. The MT4 WebTrader is best used to get a quick visual overview of the markets, study the charts, and monitor the existing trades.

This broker shines with auxiliary services like Autochartist MT4 Plugin, VPS hosting, and PsyQuation Premium. To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. Spreads and commissions vary depending on what kinds of trading accounts you are holding. The minimum spreads in the Standard account start from 0.4 pips, and from 0 pips in the Pro account, with a commission of $7 per lot.

Trading CFDs carries significant risks as they are complex instruments. You may not have to own a particular asset in order to benefit from the movement of the market, but rapid changes in price or leverage may cause you to lose all your money. Before you start trading, make sure you understand entirely how CFDs work and whether you can afford to take the risk.

The Elite account offers the minimum spreads from 0 pips, with a commission of $3.50 round trip. As an established international group of companies, AxiTrader provides financial products focused on foreign exchange, primarily for retail investors. Tight spreads and fast execution come as standard on all accounts. The AxiTrader’s clients as well enjoying direct access to various liquidity providers from over than 14 world’s largest banks.

But on average, through continual trading, you also can create between 2% – 10% profit a month. If you remain skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform on your own. The reason that AxiTrader asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, AxiTrader has to be careful that they don’t breach any money laundering laws and part of that is know as KYC . This means that at all times, AxiTrader must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. AxiTrader specifies on its official website which you can exchange real time stocks in a demo account.

AxiTrader Deposits & Withdrawals Services

You can find the main educational tools under the ‘Learn to Trade’ menu at top of the page. There are educational articles in the ‘Markets Blog’ section as well, which are up-to-date and well-written. Axi’s phone support was average-speed and we got relevant answers.

A bank transfer can take several business days, while payments with a credit/debit card or electronic wallets are instant. Verify your identity and residency by uploading either a copy of your ID card, driver’s license or passport, and uploading a copy of a recent utility bill or bank statement. Being regulated by several top-tier authorities is a good sign for Axi’s safety. Leverage is a double-edged sword and can dramatically amplify your profits. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

Regulation

In the following table, you can compare the features of tradeview and axitrader side by side to determine the best fit for your trading needs. Even in the view of its minor discrepancies and some unanswered regulatory questions, AxiTrader represents genuineness in assisting the forex trading requirements of people. In 2021 and beyond, it is expected to sustain its attractiveness as a top-ranked broker with a surging market share. As a brand, AxiTrader generates high volumes of cash through its operations and transactions. Its high cash flow generation is further supported by the ability to register an impressive dividend payout ratio. Over the years, it has significantly increased its growth margin due to its process automation, market maturity, and mobile trading.

In summary, AxiTrader will give you charting tools, a news feed, and an economic calendar.All provided under the MetaTrader 4 platform. They power trend lack the provision of trading ideas and do not have fundamental data. We consider AxiTrader trading fees to be lower than the competition.

These charges are not 100% related to what currency, share, or options you trade. You CAN change the default leveragewhen trading with the Axi brokerage platform. Compared to other similar brokers, Axi’s account opening process is fast, hassle-free, and fully digital. Once your application is approved, you can log in and fund your account in the base currency of your choosing.

From now on we use our technology to copy everything the trader is doing on the Trader Account to Copier Account as per the mentioned multiplier. I love that PsyQuation is a mix of friendly relations, competition, challenge, and development. Thanks to the PsyQuation Score I realized that I’m not so bad as a trader. It gave me confidence in my skills and that helped improve trading results. Their honesty, integrity and transparency sets us apart from our competitors. And with low margin requirements and low fees, CFD trading is now accessible to everyone.

AxiTrader will ask you to offer other withdrawal methods if your details have changed since your deposit. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here.