CitiTrader Broker Review

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Брокер CitiTrader

CitiTrader предлагает вам лучшего брокера России на профессиональной и сетевой торговой платформе на базе SpotOption. Они используют платформу, которая популярна в отрасли бинарных опционов и хорошо известна своими удобными функциями. Можно начать торговать мгновенно через эту торговую платформу на основе браузера.

CitiTrader работает с 2020 года и они являются компанией в Болгарии, известной как Cititrader Enterprises LTD. Компания была основана группой квалифицированных брокеров Wall Street, и именно по этой причине, CitiTrader имеет множество образовательных ресурсов и функций поддержки, с целью упрощения торговли бинарными опциями для людей, которые являются новыми в отрасли. Они проводят множество вебинаров и индивидуальные обучающие сессии для новичков, чтобы учиться торговле и оставаться прибыльными с их профессиями. Вот почему у них есть программа Beginning Broker (BBP), исключительно для трейдеров-новичков.

В рамках этой программы, они проводят информационные сессии для людей, которые имеют нулевые знания о торговле бинарными опционами. Можно узнать все о торговле и запросить учебную сессию, позвонив им по бесплатному номеру. Но нужно зарегистрироваться в CitiTrader с минимальным депозитом в размере 500 долларов США, чтобы иметь право на это обучение. Возможно, им необходимо убедиться в вашей искренности, прежде чем предоставить вам бесплатную тренировку.

Дело не в том, что CitiTrader больше ориентируется только на новичков. У них разные учетные записи, с учетом эффективности торговли и возможностей инвестиций. Новичок может записаться в свою программу начинающих брокеров или открыть с ними бронзовую учетную запись, с минимальным депозитом в размере 250 долларов США. Их Pro Trader или Silver Account, могут быть для опытного трейдера с минимальным депозитом в 1000-5000 долларов. Более опытные трейдеры могут выбрать свою учетную запись Autotrader или Gold и они должны будут финансировать свой счет в размере 5 000-10 000 долларов США. Они также обслуживают институциональных трейдеров, предлагая им свой VIP/Управляемый счет или Платиновую учетную запись, для которых они поддерживают минимальный уровень депозита в размере 20 000 долларов. Итак, согласно вашему выбору, вы можете открыть для них учетную запись. Кроме того, они предлагают привлекательные бонусы.

Хотя CitiTrader предлагает различные типы счетов и выгодные возможности получения дохода, они не являются регулируемой компанией. Это одна из причин, по которой опытный трейдер может подумать дважды, прежде чем вложить в него свои сотни или тысячи долларов. Их политика отмены бонусов может также беспокоить многих трейдеров. Хотя они могут предложить вам привлекательные бонусы, но для того, чтобы снять бонус, вам придется выполнить минимальную сделку в 30 раз от суммы бонуса. Таким образом, для трейдера-новичка, который может получить бонус в размере 100% от депозита, снятие суммы может быть сложным предложением.

Торговые возможности

CitiTrader имеет 82 финансовых инструмента, которые состоят из разных валютных пар, индексов, акций и товаров. Таким образом, в истинном смысле, трейдер может иметь множество вариантов, когда он выбирает активы для инвестиционных целей. Они предлагают среднюю выплату в размере 70% в своих обычных бинарных опционах. Хотя их вариант One Touch может помочь вам заработать до 700%. Если вы достаточно уверены в своих торговых навыках, вы можете подумать о том, чтобы инвестировать в свой вариант One Touch, однако вы должны заранее рассчитать риски. Хотя они предоставляют среднее вознаграждение в диапазоне от 0 до 10%, но нужно играть безопасно, чтобы оставаться прибыльным на рынке. Они также предлагают OptionBuilder инвестировать в конкретные активы, чтобы помочь вам заработать 70%. Их 60 секунд могут стать хорошей возможностью сделать быструю 70-процентную прибыль всего за 60 секунд.

Технический анализ

CitiTrader предлагает своим специалистам несколько видов технического анализа и инструментов. Трейдеры могут принять участие в их ежедневном и еженедельном обзоре рынка, чтобы помочь правильно оценить движение рынка. Они также предоставляют истекшие ставки активов, помогая инвесторам выбирать подходящие варианты для их прибыльных инвестиций. Трейдер, также может получить доступ к новостям Yahoo Finance на своем сайте, чтобы оставаться в курсе событий на рынке. Однако, для крупных трейдеров, которые хотят инвестировать тысячи долларов, этих технических инструментов может быть недостаточно. Им потребуются исторические данные, графические и потоковые функции, которые многие брокеры уже начали предлагать своим клиентам.

Обучение и поддержка

CitiTrader стремится обучать энтузиастов торговли и, таким образом, приносит много ресурсов для обучения. Программа начинающих брокеров, как обсуждалось выше – это их отличные усилия, чтобы помочь вам изучить все аспекты торговли бинарными опционами. Кроме того, на их веб-сайте можно воспользоваться разделами «Как торговать» и «Демо-видео». Время от времени, они предлагают вебинары и индивидуальные занятия, что может быть очень полезно для людей, чтобы узнать секреты торговли. Вы также можете запросить Telephonic Guidance для торгового тренера. Кроме того, можно попробовать демо-аккаунт, для чего нужно будет внести минимальный депозит в размере 250 долларов. Но если вы не удовлетворены их услугами по какой-либо причине, нет необходимости торговать с ними с вашими 250 долларов. Вы можете снять сумму без какой-либо сделки.

CitiTrader поддерживает несколько языков английского, хинди, французского, китайского и арабского языков. Они предлагают онлайн-чат, где вежливый представитель по обслуживанию клиентов с радостью ответит на ваши вопросы. Вы также можете позвонить им по их бесплатному номеру или одному из своих спутниковых офисов. Вы также можете отправлять свои запросы по электронной почте. У них также есть программное обеспечение поддержки клиентов, которое автоматически отвечает на вопросы клиентов, ища их в базе знаний. Это даст вам ответы на все ваши общие запросы и если вы не удовлетворены автоматическими ответами, вы можете воспользоваться услугами своего онлайн чата.

Вывод

Важно отметить, что CitiTrader старается удовлетворить потребности разных трейдеров со своими различными типами учетных записей. Кроме того, для новичков у них есть находчивое руководство и полезные функции поддержки. Они предлагают минимальный инвестиционный уровень в размере 5 долларов США, который снова доступен для новых трейдеров. Тем не менее, новички найдут свое бонусное предложение прибыльным, но сложным.

Таким образом, обучение с ними может быть простым, но заработок может быть неопределенным для нового инвестора. Опытный трейдер может получить много преимуществ управления рисками и полностью управляемых учетных записей, но технический анализ – это одна из областей, где CitiTrader должен предложить передовые инструменты опытным трейдерам. Однако, в реальном смысле, CitiTrader стремится удовлетворить потребности различных типов трейдеров с их различными предложениями.

Axitrader Review 2020

Regulated by ASIC | Segregated funds | Trust Rating: B | MT4 NEXGEN

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CFD Trading involves high risk be careful with your investement

Regulated by FSC | Segregates Client Funds | Trust Rating: C | True ECN

CFD Trading involves high risk be careful with your investement

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Table of Contents

AXITRADER Review: Is AxiTrader one of the best Australian Forex Brokers and if, why? We conducted an in-depth AxiTrader review in April 2020 to find out the answer and deliver it to you!

The broker AxiTrader was launched in the year 2007 in Sydney, Australia, and has advanced to become one of Australia’s largest Forex brokers. AxiTrader is part of the AxiCorp group, (AxiCorp Financial Services Pty), which has exhibited consistent growth since its formation and now ranks as one of the top 10 global Forex providers in the world.

With offices in four regions around the world (including London, United Kingdom) and clients in over 150 countries, AxiTrader is an Australian broker firm with a global reach.

The philosophy and business idea that underpins AxiTrader has always been based on one simple idea: To be the broker that traders themselves want to trade with.

�� Trading Platform MetaTrader 4
�� Head Office Sydney, Australia
�� Founded 2007
⭐ Reviews 6.2 – 7 Reviews Trust Pilot
↔ Maximum Leverage 400:1
�� Execution Servers LD5
�� Broker Type STP
�� Negative Protection No
�� Trading Options Forex, CFDs, Crypto
OUR RATING: 7.7
The overall raiting is based on review by our experts
�� Reliability: 6 / 10 �� Spread: 8 / 10
�� Offers: 6 / 10 �� Speed of Execution: 9 / 10
�� Customer Service: 8 / 10 �� Uptime: 9 / 10
Trading Conditions
Max Leverage: 400:1
Platform:
Min Deposit: $0
Spread: From 0.0 Pips
Cuts out Dealing Desk: Yes
Methods of deposit and offers
Deposit / Withdraw:
Welcome offer: Flexible
Rebates Engine Forex: Coming soon!

SECURITY, MARGIN REQUIREMENTS AND TECHNOLOGY

RISK MANAGEMENT AND SECURITY FEATURES

In Summary

  • ASIC licensed and regulated
  • High-level standard web security
  • FCA licensed
  • Cuts out dealing-desk partially

Our AxiTrader review highlights that the company AxiCorp, as a global market leader, takes security very seriously. They are authorised, licensed and regulated by the Australian Securities and Investment Commission (ASIC) as well as the Financial Conduct Authority (FCA) of the United Kingdom. Axicorp Financial Services Pty Ltd holds an Australian Financial Services License (AFSL).

All monies received from AxiTrader’s clients are held in segregated trust accounts and dealt with in accordance with the Australian Corporations Act 2001 and the associated regulations.

The online broker AxiTrader was named as the brand traders ranked the most trustworthy in the 2020 Investment Trends Australia FX Report.

As a global market leader, AxiCorp, and therefore also AxiTrader, takes security very seriously. AxiTrader is licensed and regulated by the Financial Conduct Authority (FCA) as well as the Australian Securities and Investment Commission (ASIC).

Spreads Comparison

AxiTrader
PEPPERSTONE
THINK MARKETS
IC MARKETS
Alpari

FEES AND MARGIN REQUIREMENTS AT AXITRADER

In Summary

  • 1 pip spread mark-up on STP acc
  • Up to 400:1 leverage
  • $7 commission per standard lot round-turn on ECN-type acc

As is the case with most online Forex brokers, customers pay a variable or fixed spread on every non-equity CFD and commissions / fees on every equity CFD order on what is typically defined as a standard trading account.

In our AxiTrader review we found that AxiTrader’s Standard Account works without any commissions or additional fees. Instead, spreads are being marked up by 1 pip above the inter-bank rates received from AxiTrader’s liquidity providers.

The AxiTrader MetaTrader 4 Pro account (AxiTrader MT4) shows the raw inter-bank spreads which are received from the broker’s liquidity providers and competitive commission fees of US$7 per standard lot round turn applies when using this account option. No additional fees are charged for trading index CFDs on the Axi Trader MT4 account solution.

As described on AxiTrader’s website, customers holding open positions with the broker must maintain minimum margin requirements as detailed in their Client Agreement. These margins start from 0.25%. All positions have an initial margin requirement, and traders are required to keep an account balance over and above that requirement and any unrealised losses. Margin calls can be made at short notice and can lead to substantial losses that can exceed initial investments. A risk warning, that CFDs are complex instruments that pose the high risk of losing money, needs to be issued at this point.

TECHNICL FEATURES AT AXITRADER

In Summary

  • Solid execution speeds
  • Unique MT4 NEXGEN
  • Mobile Trading
  • MAM & VPS available

With their motto ‘One Platform. Any device. Endless possibilities.’ the broker is considered the golden standard for the MT4 trading platform in the Forex industry. AxiTrader, in fact, doesn’t offer any other trading platforms apart from the popular MetaTrader 4 (MT4) environment for all devices and operating systems (Windows, iOS (MAC)), Android, iPhone and iPad). Instead, MetaTrader accounts with an interesting twist are being offered: Unique extra trading tools, features and functionalities to the traditional platform environment that help any trader to take better control of their trading strategies. Automated trading is being offered along with many other standard and advanced features of today’s Forex trading platforms.

These additional features, compiled under the MT4 NexGen banner, include advanced management tools, enhanced ordering options and sentiment trading.

The broker also tries to allow for fast execution speeds where slippage is reduced to a minimum and Forex market access is being guaranteed at all times. However, our AxiTrader review highlights that slippage does occur quite frequently with any type of trades, which is a major drawback for most advanced and professional traders.

To top up Metatrader 4, the new PsyQuation Premium platform is available for those traders that are looking for an even more advanced and higher performing trading platform than the standard PsyQuation platform. PsyQuation has already been recognised as one of the world’s most advanced and professional trading platforms and trading tools for retail traders. The trading platform provides many powerful and unique indicators, quantitative models that are at an institutional grade level and trading signals that are updated frequently. It’s a powerful trading tool that can seriously boost any traders’ performance by providing high quality information and highly relevant data.

PsyQuation Premium powers up a standard PsyQuation account by allowing exclusive access to a suite of highly advanced trading tools such as the Order Flow Sentiment Indicator (OFSi) which can view the Buy and Sell order flow of 22,000+ live trading accounts. This allows for filtering detailed trade information by segments.

Account and asset managers can further make use of the broker’s Multi Account Manager (MAM), which is an integrated software and platform tool that allows an individual trader (account manager for example) to execute block trades on multiple or all accounts operating under one designated master account. A set of orders can be quickly and efficiently placed in bulk to a virtually unlimited number of accounts. Users can choose from six distinct allocation methods: Lot Allocation, Proportional By Balance, Percent Allocation, Proportional by Equity, Allocation By Equal Risk and Equity Percent Allocation.

Execution of Speed Comparison

AXITRADER
PEPPERSTONE
THINK MARKETS
IC MARKETS
Alpari

CUSTOMER SUPPORT, TRADING INSTRUMENTS AND SPECIAL FEATURES

CUSTOMER SUPPORT AND AXITRADER CLIENTS

In Summary

  • 24/5 customer support
  • 2 account options to select from
  • Global reach with big client base
  • Educational material

‘Created by traders, for traders, the company AxiTrader is a modern Forex broker built on old fashioned values of honesty, transparency and trust.’

With clients all over the globe, the online broker AxiTrader offers high-quality, multi-lingual 24/5 customer support through live chat, a toll-free phone hotline and email. Our review found, that their award-winning service was named ‘#1 for Customer Service’ in the December 2020 Investment Trends Australia FX Report.

The broker focuses mainly on Forex trading by offering a large selection of currency pairs but not many other financial instruments which may be a disadvantage for some traders.

Clients can select from two different live account options upon sign-up: The AxiTrader Standard MetaTrader 4 account comes with no commission fees and offers spreads from 1.0 pips. The minimum trading size is at 0.01 lots (micro-lots), and no minimum deposit size is required.

The second account option is the MetaTrader 4 Pro account, which offers ultra-low spreads from 0.0 pips and a standard commission of US$7 per round trip. The minimum trade size is also set to 0.01 lots, and there is no minimum deposit requirement.

One of the biggest drawbacks with this Forex broker are the very limited options for deposits and withdrawals. Deposit methods only include debit and credit cards (VISA, Mastercard, Maestro and JCB), Neteller, Skrill, bank wire transfers and broker to broker funds transfer. Payment options vary depending on the client’s country of residents and are very limited as well.

Both account types offer maximum leverage of up to 400:1. Investors need to keep in mind, that the higher the selected leverage setting, the greater the chance of losing your money when trading CFDs. Overall, most retail investor accounts lose money trading on margin.

Customers can also set up a demo account to test Axi’s trading environment and their offering before entering the markets with real money. Trading strategies and trading tools can also be tested freely on a demo account. In our broker review we also tested AxiTrader’s offer, trading environment, financial instruments and the customer service offered with both demo, as well as live trading accounts.

In total, more than 80 financial instruments such as currency pairs, indices CFDs, commodities and metals can be traded with any of the two AxiTrader account varieties and clients may choose from ten different account currencies (including AUD, USD, EUR, GBP, etc.). Share or share CFD trading is not offered by this Forex broker. Cryptocurrencies, such Ethereum, XRP, Litecoin, Dash, Stellar Lumens or others are not in the broker’s portfolio on offer. At the point of writing this review, the only digital asset available for CFD trades is Bitcoin.

In terms of educational material and trading resources Axitrader offers a selection of free webinars, video tutorials and eBooks as well as a standard economic calendar. No fees or extra charges apply when utilising these tools and resources.

AxiTrader Review

Review

AxiTrader is the trading name of AxiTrader LTD, a company supposedly authorized and regulated in St. Vincent and the Grenadines by the Financial Services Authority (FSA). AxiTrader LTD is a wholly-owned subsidiary of AxiCorp Financial Services Pty LTD, based in Australia. It is critical to note that as of July 29 th 2020, New Zealand Financial Markets Authority (FMA) has suspended the derivatives issuer license of AxiCorp Financial Services Pty LTD. According to the regulator, the brokerage violated the Financial Markets Conduct Act 2020 on four counts.

The four counts consist of the absence of a Product Disclosure Statement or Disclose Register Entry before marketing to retail traders, failure to submit audited financial statements, failure to obtain an assurance engagement with a qualified auditor, and failure to notify the regulator of a change in senior management after a new CFO was hired. According to the FMA, AxiCorp Financial Services Pty LTD doesn’t possess the proper systems, procedures, and resources. The license will remain suspended until the regulator is satisfied that the violations have been corrected, which was not the case at the time of this AxiTrader review. In January 2020, Australian regulator ASIC also revoked AxiCorp’s license, claiming that the company did not comply with regulatory demands.

It is important to note that this regulatory suspension doesn’t impact international clients, as AxiTrader LTD operates under FSA jurisdiction, and AxiCorp LTD operates under FCA jurisdiction. It does show issues under the corporate umbrella, and how AxiTrader addresses them is important to all traders who manage their accounts with this broker. Overall, this remains a genuine broker with its origin in Australia, founded in 2007, and an expanding market share across the globe.

Regulation and Security

AxiCorp Financial Services Pty LTD, the corporate owner of all operating subsidiaries, was, until January 2020, authorized and regulated by the Australian Securities and Investments Commission (ASIC) under ACN 127 606 348. The company possesses a Financial Services Licence under AFSL number 318232. At the time of this AxiTrader review update, the status of the company’s ASIC license was under review following a suspension of the license and a subsequent appeal by the broker.

This review will focus on the AxiTrader subsidiary that is supposed to be authorized and regulated in St. Vincent and the Grenadines by the Financial Services Authority (FSA) under number 25417 BC 2020. A search conducted on the St.Vincent and the Grenadines Commercial Intellectual Property Office returned no match for the term “AxiTrader”. This was replicated after searching the countries regulator, the Financial Services Authority (FSA). This appeared odd as the broker noted this as the regulatory jurisdiction on their international website, where most traders are expected to be served.

Given the overall regulation of AxiCorp Financial Services Pty LTD, there seems to remain an oversight in the administration of this broker. It is possible it located to another off-shore jurisdiction and failed to update its record; though we could not confirm this theory. Besides full registration and compliance in Australia, the UK subsidiary is authorized by the Financial Conduct Authority (FCA). Traders should feel secure with this broker, but concerned clients can contact AxiTrader and inquire about the regulatory situation, ask for copies of the certificates, and refer to critical oversights uncovered.

The regulation does matter to AxiTrader as evident with its compliance in Australia and the UK, but minor discrepancies do remain in place. International traders are protected trough this broker’s membership in The Financial Commission, the first independent self-regulatory organization and external dispute resolution (EDR) body for the forex market, based in Hong Kong. The protection offered by the Compensation Fund is limited to €20,000, the same as across the EU wide compensation fund each member country is obligated to offer.

Until January 2020, AxiCorp Financial Services Pty LTD was authorized and regulated by ASIC

The same applies to AxiCorp LTD, its operating subsidiary for UK traders.

The situation gets confusing in regards to the registration, authorization, and regulation of its international subsidiary in St. Vincent and the Grenadines by the Financial Services Authority (FSA). No listing was found for AxiTrader.

AxiTrader states that is indeed authorized and regulated in St. Vincent and the Grenadines.

Countering the St. Vincent and the Grenadines mystery is the AxiTrader membership in The Financial Commission which offers traders protection in case of confirmed wrongdoing by this broker.

Broadly speaking, AxiTrader does possess the proper credentials of a trusted and well-regulated brokerage with isolated issues; client funds do remain fully segregated with Tier 1 banks.

AxiTrader obtains its revenues from spreads in its Standard Accounts and also from commissions charged in its Pro Accounts. Additionally, this broker is a market maker meaning it will directly benefit from traders’ losses where it acts as the counterparty.

Financing costs on overnight positions, or swap rates, equally apply and are passed onto traders. CFD positions on indices are subject to corporate actions, like dividends, which will either be credited or debited from a trader’s portfolio, depending on the trading position held past the ex-dividend date.

What Can I Trade

This broker is primarily a forex broker and offers over 80 currency pairs which is an ample coverage of the currency market; plenty of minor and exotic currencies are available for trading. A mix of hard and soft commodities, 31 equity CFDs and six cryptocurrency CFDs complete the offered products. The asset selection is rather limited and proper cross-asset diversification is impossible. Pure Forex accounts enjoy a sound selection of assets, and indices are presented properly. AxiTrader offers new retail traders plenty of opportunities to start their first trading account, but more advanced traders will run into limits rather fast.

Spreads in the Pro Account start from as little as 0.0 pips on the EUR/USD, the raw spreads come with a price tag of $7 per lot round trip; this represents an extremely competitive commission charged for raw spreads. Active Forex traders can immensely benefit from this trading environment which concludes one of the best features offered by this broker. Spreads in the Standard Account start from 1.2 pips in the EUR/USD, but are free of commissions.

A sample of assets available for trading at AxiTrader:

Account Types

Traders have two choices at AxiTrader, the Standard account which comes with higher spreads and no commission charges or the Pro Account with raw spreads and commission charges. The spread in the Standard Account is slightly elevated, but the trading conditions in the Pro Account are excellent. All traders are treated equally and there is no up-selling of better trading conditions for vaster deposits. This practice has been abandoned by many brokerages and AxiTrader has clearly embraced the trend.

The maximum leverage offered is 1:500 as Australia remains one of a handful jurisdiction where regulators haven’t yet limited leverage. The only error uncovered by this review is in regards to spreads, on the account comparison page spreads for the Standard Account are listed as 1.0 pips while the target spread is listed at 1.2 pip at another section. This marks minimal oversight but should be corrected nevertheless.

Trading Platforms

AxiTrader offers the comprehensive suite of the MT4 trading platform which runs on all devices, PC or Mac, Android or Apple, and also comes as a web version. Like many other brokers, AxiTrader doesn’t provide any of the required upgrades to turn the MT4 trading platform from a below-average out-of-the-box platform into a powerful gateway to financial markets. The most standard approach is to market the MT4 as a dominant trading platform as is since most retail traders are unaware of the limitations or what else is available.

The MT4 infrastructure allows for the development of cutting-edge trading solutions, fully supports automated trading and features back-testing capabilities. The foundation of the MT4 is solid which explains why so many third-parties have invested hundreds of millions around this platform. AxiTrader doesn’t make an effort to present the MT4 trading platform properly, which is moderately disappointing.

AxiTrader lists a tool with the name “MT4 NexGen”, but clicking on it merely directs to the homepage of this broker. Conceivably something is intended, or maybe something has been abandoned, but in any case, this is unacceptable from a broker who wants to communicate a sophisticated impression. The MT4 Multi-Account Manager (MAM) is equally available which greatly complements the excellent trading conditions offered in the Pro Account.

AxiTrader doesn’t make an effort to fully present the MT4 trading platform and sticks to the bare minimum.

Unique Features

Three unique features stand out at AxiTrader: the Autochartist MT4 Plugin, VPS hosting and PsyQuation Premium. Autochartist is a market scanner that can identify chart patterns and trading opportunities in real-time. It also delivers market reports three times per day, conducts a volatility analysis and through performance statistics, traders can further fine-tune their trading approach. This is by far one of the most effective third-party tools a broker can offer to its traders.

VPS hosting allows traders to operate their automated trading solutions 24/7. AxiTrader doesn’t provide this service in-house and has partnered with the following four VPS hosting providers: ForexVPS, MetaTrader VPS, Commercial Network Services (CNS), and BeeksFX. Prices range from $10 per month to $35 per month, but AxiTrader will credit traders who use ForexVPS and CNS if 20 lots are trader per month, while BeeksFX users may obtain a 30% discount through a coupon.

PsyQuation Premium is free of charge for all AxiTrader clients who maintain a minimum balance of $500 and trade one standard lot per month. PsyQuation Premium is an advanced trading tool that offers trading signals, comprehensive forecasting, and quantitative analytics. Premium trading tools include the Order Flow Sentiment Indicator (OFSi) and potentially the most exceptional feature is the AI-guided analysis of a trader’s daily performance. It alerts traders of mistakes and assists them in becoming better traders over time, it can be compared to having your trading coach guiding you daily. It is safe to say that despite limitations on the MT4 platform, AxiTrader has performed an outstanding job when it comes to offering its traders a competitive trading environment.

The Autochartist MT4 Plugin remains one of the most vital trading tools for retail traders.

PsyQuation Premium may be the most cutting-edge trading tool AxiTrader offers to its traders.

Research and Education

The bulk of AxiTrader’s research has been outsourced to Autochartist and PsyQuation Premium which is perfectly fine. AxiTrader does operate a market analysis section where it provides quality content through market commentary, filled with trade ideas. This complements the outsourced research and produces an overall remarkable combination that grants traders an attractive research package.

Education follows the same approach and relies on PsyQuation Premium, which is complemented by educational articles published on the AxiTrader website, video tutorials, eBooks and an online trading course. New traders are given all the tools required to learn how to trader and then become a better trader at AxiTrader. As this AxiTrader review progressed, more bright spots started to emerge that lifted this brokerage into a higher echelon.

Outsourced research is complemented by in-house content that features quality articles with trading ideas.

The video library offers MT4 related videos that introduce the basics of the trading platform.

Five eBooks are available for download and new traders should consider them as a starting point.

An education center is mentioned with courses present in 24 languages, but how to obtain them remained unspecified.

Customer Support

AxiTrader provides 24/5 support and traders can either call a toll free number, request a call-back, send an e-mail, or use the live chat to contact a representative. Most topics are sufficiently covered, and an FAQ section is also available. Traders at reliable brokers typically don’t experience the need to contact customer support and this appears to be the case here at AxiTrader as well. Despite some minor issues, this broker is managed well, and clients are unlikely to find themselves in need of support.

Bonuses and Promotions

At the time of this review, AxiTrader didn’t offer any bonuses or promotions to traders.

Opening an Account

New accounts are opened via an online application form, as is the standard procedure across all brokerages. AxiTrader has created a three-step process that satisfies regulatory requirements in regards to AML/KYC requirements and new traders should feel comfortable submitting their details, copy of ID and proof of residency to this broker.

Deposits and Withdrawals

AxiTrader offers a comprehensive range of deposit and withdrawal options. Besides credit/debit cards and bank wires, clients have the choice of Skrill, Neteller, China Union Pay, FasaPay, Thai International Banking, Vietnamese Instant Banking, and Polish Instant Banking. While no fees are imposed from AxiTrader, third-party fees are applicable. Processing time is listed as instant for most options, except for bank wires which can take up to five business days. For security reasons, the name on the account from where a deposit originates must match the name on the account, and withdrawals will be sent back via the same means of the deposit method.

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