axitrader — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! Cryptocurrency trading – AxiTrader allows its users to trade in Bitcoin, Litecoin, Ethereum, Dash, and Ripple where CFDs on the BTC & USD pair at leverage can be traded easily. Broker fees AxiTrader . AxiTrader is % owned by AxiCorp Financial Services Pty Ltd, a company incorporated in Australia (ACN ). Over-the-counter derivatives are complex instruments and come with a high risk .
Axitrader btcBitcoin Trading & Forex In Australia / Axi
Unlike traditional forms of currency which rely on banks to facilitate transactions, Bitcoin is part of a decentralised online payment network relying on cryptography to pass securely from user to user using Blockchain technology.
As a traded currency, Bitcoin works in exactly the same way as any other FX pair. Because Bitcoin it is not a centralised currency controlled by a single bank or dominated by interbank dealers, the Bitcoin market moves quickly with retail demand and can be subject to significant price swings.
Help protect your account and reduce your risk by choosing a trusted, respected and fully regulated broker. Risk Warning Cryptocurrencies like Bitcoin are extremely volatile and can move or jump in price with no apparent reason due to lack of liquidity and adhoc news.
There is little or no fundamental reasoning behind its pricing and as such trading CFDs in Bitcoin pose a significant risk to Retail Clients. While Axi only quotes Bitcoin during the week, it can trade over the weekend, meaning there could be a significant price change between Friday and Monday. It should only therefore be traded by those clients with sufficient experience to understand that they risk losing all their investment, or more, in a short period of time, and only a very small part of their portfolio should be used.
Open Account Try a Free Demo. Albeit generally positive sentiment on FPA, some customers find AxiTrader customer service a bit edgy. While reviews from non-user generated website are usually more well-structured and in depth, they may also fall short on the objectivity spectrum. Brokers do incentivize many third party-websites to write favourable reviews.
To get the most out of the review process, make sure to check multiple sources and examine their credibility. TradersClub loyalty program. Keeping in mind the info above, we can attest that AxiTrader reviews appear to be mostly positive with only a few minor discrepancies from lesser known and sometimes suspicious websites. Overall experience with Axitrader customer service was positive.
The connection time was under a minute and account managers were professional, able to quickly answer both generic and more advanced questions. Albeit, the somewhat negative FPA sentiment on that matter, we remain impressed by the quality of the support and invite our visitors to leave their feedback to form a more well-rounded opinion.
This setup helps AxiTrader to offer competitive pricing on PRO account, with 0 spread and, standard account with tolerable spread fees. For Standard account clients will pay no commissions which will be overset by spreads starting from 1 pip. Axi offers core indices at competitive prices. Considering the reputation and leverage available, the offer makes sense for people looking into trading major indices.
If you are looking for more exotic instruments, then check out our other trusted brokers. Available tradable commodities are categorised into one of four groups — energy including crude oil , metals such as gold, silver and platinum , agricultural including coffee, wheat, sugar and cocoa and finally livestock and meat including cattle.
The average spreads for Pro account, after factoring in the commission fees, was at 1. For Neteller clients would need to ensure the account corresponds to the one registered with AxiTrader. The company does not charge extra fees on account operations. Keep in mind that you local banks fees may apply. The usual time of withdrawals is days, mostly dependant on your own bank. If you find any of the features appealing to you, reach out to AxiTrader to test the functionality on a demo or a live account.
Using highly sophisticated algorithms it works like your own private trading coach, analysing your individual trading style, identifying mistakes and helping you avoid making similar mistakes again. As an AxiTrader client, you get completely FREE access to this powerful and proven tool to help you become a better trader and make more profit. Staff also stream videos throughout the week, including the Market Morning video and Weekly outlook. In addition, automated technical analysis and signals are provided via AutoChartist — a third-party technology provider known for its pattern-recognition software.
Regulators : ASIC. Maximum Leverage: My Score: 7. They assist traders using Forex as an asset class to fulfill part of their trading portfolio. Their trading platform gives you access to the latest market data and they deliver exceptional client support. In this AxiTrader review , you will receive all the answers to the following questions: Is AxiTrader scam or good forex broker? What are the account types of the broker? What are the trading conditions such as spreads , leverage , and minimum deposit?
Is AxiTrader regulated? ASIC regulates Australian companies, financial markets, financial services organizations and professionals who deal and advise in investments, superannuation, insurance, deposit taking and credit. ASIC also stipulates that brokers should have a representative office in Australia, and cannot operate from an overseas location. Australian FX broker regulation, however, does not include any compensation scheme in case a licensed company becomes insolvent.
There are two trading accounts includes Standard and Pro accounts. The maximum leverage is , spreads are from 1. It has competitive spreads. Pro account offers the same trading conditions. The difference between two accounts is spreads.