Axitrader

Note: Axitraders official site - www.axitrader.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

This Axitrader is said to be registered in the UK. It is a fake broker pretending to be another UK-based legit broker-Axi (authorized and regulated by FCA, with regulatory license number 509746). This Axitrader is scamming traders by displaying some clone licenses, but actually, it is not subject to any regulation. Traders need to take extra vigilance to distinguish legit brokers from frauds.

Note: The screenshot date is January 18, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

Axitrader provides traders with currency pairs, cryptocurrency pairs, commodities, and index CFDs.

Account Types

Axitrader offers three trading accounts: Standard, Pro and Elite accounts. Axitrader does not require a minimum deposit to open a Standard account, but the Elite account requires traders to fund $25,000 into their accounts to start real trading. The minimum trade size allowed by Axitrader is 0.01 lots, which sounds friendly to new traders.

Leverage

Axitrader offers leverage up to 1:30 for retail and 1:400 for professional traders. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

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 0 pips in the Pro account, with a commission of $7 per lot. The Elite account offers the minimum spreads from 0 pips, with a commission of $3.50 round trip.

Trading Platform

Axitrader offers the industry-recognized MT4 trading platform, followed by a WebTrader. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

Payment methods working with Axitrader include the following:

• credit/debit cards (Visa, MasterCard)

• e-wallets (such as Skrills/Neteller/Fasapay/Sofort/Giro)

• Internet Banking (available for specific Regions)

• Bank transfers

• Broker to Broker Transfers

Customer Support

Axitraders customer support can be reached by

Tel:

• English: 0800 612 7070,+44 203 544 9646

• Traditional Chinese (HK): 400 6037896

• Thai: 001800120664622

• Vietnamese: 61299655830

• Chinese (Simplified): 400 057 9816

• Indonesian: 0018030164060

• German: +49 30 726 21 685

Email:

service@axitrader.com.cn

service@axitrader.com

service@axitrader.co.uk

You can also follow this broker on social networks such as Twitter and Facebook.

Company address: 36 - 38 Leadenhall Street London EC3A 1AT United Kingdom.

Pros & Cons

Frequently Asked Questions (FAQs)