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June 17, 2020

Broker Review: AxiTrader

Frank Cabibi

Overall Rating: 4.5/5

Customer Service5/5
Commissions & Fees4/5
Platform, Tools, and Education5/5
Customer Reviews & Regulations4/5
Offering of Investment4/5

Founded in 2007, AxiTrader came up with the idea that they would be the broker "we'd want to trade with", and it caught on. Backed by the ASIC, the broker is considered one of the best out there.

Customer Service

Compared to other brokers, AxiTrader has probably the best, award-winning customer service out there in the forex brokerage world. The response time is considered "unmatched" as customer service representatives are always there waiting to help. Their multilingual staff can help respond to any question they are given. Customer service ratings on the website range between 4.5 and 5 stars because of how fast they are. If I were to rate this broker, I'd give them 5/5 stars on their customer service.

Commissions and Fees

AxiTrader offers two accounts: the standard account and the pro account. Listed on the AxiTrader website, the two accounts are compared.

https://www.axitrader.com/au

Key things to look at are the spreads and commission fees. On the pro account, investors have more accurate and tight spreads, but you pay for it in commission. The standard account is not as tight, but all trades are free excluding swaps. With this broker, you can expect great execution on either account, a .4 pip spread is pretty tight. I'd give this section a 4/5.

Platform, Tools, Education

The MetaTrader 4 Platform is the primary software they use with AxiTrader. They also have helpful trading tools that can be very useful for traders including the MT4 Web Trader, MT4 VPS Hosting, and Signal Providers. One of their tools, the Autochartist, scans for trade set ups and alerts you when it finds one. It is also free to every client. Another cool thing is that they carry tutorials, trading tips, videos, ebooks and trading tools to help you become a better trader.
A broker with so many resources should get a 5/5 in my opinion.

Regulation

The licensed and regulated broker has received some outstanding reviews by their customers. AxiTrader is regulated by the Australian Securities and Investment Commission (ASIC) and is considered safe with average risk.
My rating: 4/5

Offering of Investment

With AxiTrader, you can trade 80 major currency pairs, crypto, indices, and CFDs, including metals and commodities. This broker seemingly covers all aspects to trading, and you certaintly are getting some of the best service.
My rating: 4/5

My Rating

This company not only provides a brokerage service, but tools, education, signals, software and so much more. With an award-winning customer service and highly trusted broker, I would have to rate AxiTrader at a 4.5/5 for the amazing service they provide.


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Disclaimer:

Please note that this email is my personal opinion only. I am not a licensed financial advisor, and any information shared or discussed is not to be construed as investment advice. Trading and investing involves a degree of risk, and is not suitable to all investors. Please consult with your financial advisor before making any sort of investment decisions.

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