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.
Markets Instruments
Axitrader provides traders with 50 currency pairs, six cryptocurrency pairs, 20 commodities, and 31 index CFDs.
Minimum Deposit
Axitrader offers three trading accounts: Standard, Pro and Elite accounts. Axitrader does not requires minimum deposit to open a standard account, but the Elite account require traders to fund $25000 into their accounts to start real trading.
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.
Micro Trade Size
The minimum trade size allowed by Axitrader is 0.01 lots, which sound friendly to new traders.
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 from 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 Available
Axitrader offers the industry recognized MT4 trading platform, followed by a webtrader.
Trading Tools
Apart from MT4 trading platforms, Axitrader offers MT4 webtrader, MT4 VPS Hosting, PsyQuation and more.
Deposit & Withdrawal
Payment methods working with Axitrader include the following:
Debit and Credit Cards (Visa, Master)
E-wallet (such as Skrills/Neteller/Fasapay/Sofort/Giro)
Internet Banking (available for specific Regions)
Bank transfer
Broker to Broker Transfer
Customer Support
The Axitrader customer support can be reached through telephone: +44 203 544 9646 (UK), +61 2 9965 5830 (Int), online chat.
