When it comes to designing a platform for trading that comes as close as possible to the wishes of the trader, no one is better suited as a source of ideas than the traders themselves. At least the online broker AxiTrader has followed this view and claims to want to be a platform from traders for traders. Now it will come as no surprise that a platform describes itself as customer-friendly and practical. More or less all online brokers look for customers with this claim. First of all, AxiTrader is one of many online brokers that specializes in currency pairs, commodities and indices. A total of around 100 different titles from the categories mentioned can be traded at favorable spreads. To what extent the offer for trading itself, as well as the available support offers around trading, meet a quality requirement that is particularly suitable for private traders is a question that we would like to answer in our following review.
|🥇 Best Seller||AxiTrader|
|⭐Rating||4.5 / 5.0|
|🐂 Trade||Forex & CFD|
|📈 Underlyings||80 currency pairs, 6 commodities, Dax, other indices|
|💻 Software||MT4, MT4 NextGen, MT4 Webtrader, MT4 MultiAccount Manager|
Anyway, as much as we would like to anticipate, it will AxiTrader customers are offered a lot that goes beyond actual trading. A fully functional demo account is made available, with which inexperienced traders can approach this not-so-simple form of trading. And even for the actual entry no high hurdles have to be overcome. However, in order to base the decision for a specific online broker on as broad a foundation as possible, it is also necessary to ask the question of the security or seriousness of the provider. We would now like to get to the bottom of all aspects and questions raised here in detail in the following sections.
The experiences at a glance
Before we take up individual aspects of our test point by point, we would like First offer you an overview of the overall picture that we have made of this online broker. The first impression you get as a trader when you call up the AxiTrader start page for the first time is positive. The well-structured site is also available in Canadian. For Canadian customers, it is not only possible to get a quick overview of what AxiTrader has to offer. The many offers that are made available around the trade, for example in the areas of market information and further training, are also available in Canadian language versions.
It is very easy to get an uncomplicated and non-binding full impression about the offer and the opportunities that the broker has to offer its customers. First of all, a demo account can be opened, in which 50,000 euros of virtual capital can be used under real market conditions. In our experience, the demo account can initially be used for 30 days. However, it can also be used parallel to the real account.
|Address||55 Baker Street, London W1U 7EU, UK|
|Telephone||DE : 0800 7244085|
The platform that is made available to traders for trading is based on the in the industry standard software solution MetaTrader 4. There are various options to choose from, so that in addition to trading with a permanently installed version, a browser-based version can also be used. There are also offers for mobile trading. Sufficient material is also made available to familiarize oneself with the respective functions and possibilities of the trading software. So while trading on the basis of around 100 values works smoothly, traders can also rely on very good content and technical support.
A special service is also offered for Canadian customers. In addition to the live chat, a personal account manager can also be accessed. All in all, we got to know an online broker who offers the best conditions for starting trading. And also traders with experience or higher demands will find a reliable and convincing partner in AxiTrader. Before we go into detail about the content aspects of the AxiTrader offer, we would like to clarify the question of seriousness in the following section.
AxiTrader in the check: fraud or serious?
Es ist manchmal schon überraschend zu sehen, mit welchem Gottvertrauen einige Trader in den Markt gehen. Ohne sich über die Hintergründe eines Online Brokers zu informieren, wird ohne jeden Argwohn Geld auf das Handelskonto überwiesen, um möglichst schnell mit dem Handeln beginnen zu können. Auch wenn ein solches Vorgehen in der Regel ohne ernste Konsequenzen bleibt, gehen die Trader dabei doch ein gewisses Risiko ein. Denn nicht nur unsere Erfahrungen haben gezeigt, dass längst nicht alle Anbieter so hohe Maßstäbe an den Umgang mit den Kunden und ihren Geldern setzen, wie man es eigentlich erwarten sollte. Gerade die dynamische Entwicklung der letzten Jahre hat dazu geführt, dass eine Reihe neuer Anbieter auf dem Markt aufgetaucht sind. Um die Gunst der Trader zu erwerben, wird dabei stellenweise mit umfangreichen Leistungen und großen Versprechungen gearbeitet. Nicht immer sind die Anbieter dann in der Lage, diese Ankündigungen auch zu erfüllen. Während einige in wirtschaftliche Schwierigkeiten geraten, nehmen es andere mit den Konditionen oder der Abwicklung von Transaktionen gegenüber den Kunden nicht so genau.
In some cases, the customers act on worse conditions than actually announced or have to wait a very long time Waiting for money to be paid out. In the worst case, a provider will file for bankruptcy and customers will then largely have to forego their deposits. In order to avoid such inconvenience and annoyance, we always advise you to take a close look before making the decision for or against a particular online broker and to determine how things are in terms of security and seriousness. In the case of AxiTrader, we got to know a very reputable provider. During our test, there were no abnormalities or irregularities. The traders can therefore safely assume that they will not be confronted with rip-offs or fraud with this provider.
Many base values at fair trading conditions
The focus of our review is of course the offer , which is made available to traders in daily trading. The online broker AxiTrader has specialized in trading with currency pairs. In addition, base values are available in the areas of commodities and precious metals as well as indices. However, before you can start trading, it is first necessary to decide on one of the two account models. So, before we get into the structure of the underlying assets, let's first clarify what to expect from each account type and who each version is best suited for.
Zwei Kontotypen stehen zur Auswahl
If you look around at the online brokers and take a look at the structure of their offerings, you will quickly find that in many cases a whole selection of different account versions is offered for trading. However, it is mostly about motivating the trader to make larger deposits with additional services or higher bonus options. The online broker AxiTrader, on the other hand, pursues a philosophy in which, in principle, all customers can take advantage of the same range of services. So there are no different account versions for which higher minimum deposits apply and which then entitle you to various benefits. The two account types offered by AxiTrader are called Standard and Pro.
The main difference between these two versions lies in the calculation of the costs incurred in trading. In the case of the Standard account, the trading cost calculation is based on spreads. The spreads calculated for each transaction start at one pip. In contrast, the traders who opt for the Pro account version can trade on a commission basis. Significantly lower spreads are due, whereby according to AxiTrader there is even the possibility that the spread for heavily traded currency pairs is even 0.0 pips. The commission is exactly seven US dollars per transaction. In addition, the same services and fees can be used with both account models. There are no setup costs and no minimum deposit is required. In general, leverage of up to 1:400 is available for both account types and mobile trading is of course possible with both versions.
The extent to which AxiTrader's interesting video offer can be accessed is also independent of the selected account version. Another option that can be used in both account types is the use of so-called Expert Advisors, i.e. a version of automated trading. In principle, the decision for one of the two account types should be made primarily on the basis of how high the stakes in trading should be. The standard account seems to be particularly suitable for beginners who initially start trading with rather small amounts. Traders with higher ambitions and who tend to trade higher amounts will do much better with the Pro account type.
Good selection of underlyings
With the underlyings, the online broker AxiTrader has focused primarily on the area Specializing in currency trading. In addition, underlying values in the area of commodities and indices are also available for trading. In currency trading, you can trade on the basis of around 50 pairs. Of course, all combinations of the well-known and most heavily traded majors worldwide are available. These include the US dollar, the British pound, the Japanese yen and the euro. Various other dollar currencies, such as those from Australia and Canada or the Swiss franc, are also seen in this circle. In addition, many other currencies are also available in the individual combinations. These include the Turkish lira, the Russian ruble, some Scandinavian currencies and the Mexican peso. In any case, the range of currency pairs made available to traders by the provider is ideally suited for pursuing a wide range of different strategies and betting on various global developments.
Divided for commodities the supply in precious metals, energy stocks and agricultural products. In addition to gold and silver, you can also speculate on the price development of palladium and platinum. In energy stocks, oil and gas are available for trading. In addition, one can rely on the development of agricultural products such as cocoa, soybeans, wheat or coffee. In addition, there is also the opportunity to benefit from the price development of entire indices. The range available to investors at AxiTrader includes important global stocks such as the Dow Jones, the Nasdaq, the Nikkei and the EuroStoxx. And the Canadian Dax or the French CAC is also available for trading.
No deposit bonus for new customers on offer
In view ofthe growing competition different providers to win the favor of the customers, the importance of the bonus has also increased. Sometimes you can't help but get the impression that the providers want to outdo each other with attractive bonus offers. However, customers should always keep in mind that the high bonuses that are paid to the trading account as additional trading capital only represent part of the truth. Although it is actually possible to operate with higher amounts in trading, it is a completely different matter whether and how much of this capital can actually be paid out. In almost all cases, a payout of the bonus capital and the profits made with it are subject to extensive conditions. Above all, high sales must be achieved in retail in order to be able to pay out the corresponding amounts. Critics of this practice see it primarily as an incentive for traders to behave in a risky manner. In addition, higher bonuses are only granted with higher deposits. Against this background, we do not necessarily consider it a classic disadvantage if online brokers do not advertise with a high bonus, but with a solid offer. In our experience, this is the case with AxiTrader.
Several variants are available for deposits and withdrawals
The providers are largely the same when it comes to how deposits and withdrawals can be processed. The focus is on trying to make it as easy as possible for the customer. Various methods are usually offered for this, with which the trading account can be capitalized in just a few steps. The three common options available for this are credit card payment, e-wallet and bank transfer, which AxiTrader customers can also use as a matter of course. While no specific providers are named with regard to credit card payments, the range of cooperation partners in the field of e-wallets includes the providers Skrill, Neteller and FastPayment. With all of these providers, the deposit can be converted in a very short time. Bank transfers, on the other hand, take longer.
|Overview of Deposit and Withdrawal Methods|
|Payment Options:||Credit Card, Skrill, Neteller, Fast Payment, International Transfer|
|Account management possible in:||EUR, GBP and USD|
|Payout options:||Credit card, Skrill, Neteller, Fast Payment, International Transfer|
Security and regulation at a good level
An important aspect is the question of security and especially regulation. By no means all providers are regulated by a European authority, so that a sufficient level of security cannot be automatically assumed. The case is different with AxiTrader, where the British financial regulator FCA monitors the broker's business. Customers can therefore be sure that the conditions are implemented fairly, that the company is managed in an economically sound manner and that customer deposits are handled with care. The latter is primarily ensured by the regulation that customer deposits must be managed separately. This guarantees clients that even if the company goes bankrupt, the funds in the trading account can still be accessed. Thanks to the cooperation with renowned European banks, you can also benefit from the advantages of deposit insurance.
Customer service seems solid
Customers can also rely on a high level of support with regard to support. On trading days, this is available around the clock in Canadian, among other languages. Each customer is also assigned a personal account manager who can be contacted if necessary. A toll-free telephone number is initially available for contacting. In addition, the live chat can also be used. In our test, we found that AxiTrader support responded quickly and competently. In addition to the actual support, there is also an extensive range of training and strategy development options.
High user-friendliness of the website
The website that is available to customers through the online broker AxiTrader is asked deserves the best grades. Orientation and navigation to the desired content are very easy. The content, which is available entirely in Canadian, also offers more than initial orientation about what AxiTrader has to offer. In special areas, interested parties can find out about the conditions and the processing of trade and the use of the software.
For trading, in addition to the browser-based platform and the installable Version for the desktop also a mobile version can be used. The mobile platform, which can be downloaded via an app for the common systems iOS and Android, is also based on the MetaTrader offer. In principle, the same functions can therefore be used that are also available in retail via the regular platform. Conversion problems between the two versions are not to be expected.
Conclusion - professional trading with AxiTrader
The online broker AxiTrader has introduced itself as a trading platform by traders for traders. In this regard, the conclusion of our test can definitely be that this claim is implemented very well overall. Professional trading can be carried out on the basis of around 100 values from the areas of currency pairs, precious metals and commodities as well as indices. However, great importance was obviously attached to making it easy for newcomers to get started. This is ensured, among other things, by the demo account and the possibility of starting with very small deposits or trading sizes.
The extensive range also ensures that traders with different levels of experience can use interesting suggestions and further development opportunities. The support is also suitable for constructively supporting the trader. The fact that there is no need to fear fraud or rip-off is primarily ensured by regulation by the British FCA. All in all, with AxiTrader we got to know an online broker who not only has a lot to offer in trading, but also beyond that.