Broker Review: AxiTrader

AxiTrader is one of the leading and largest Forex brokers in Australia. They also have an ever-growing presence in Europe and in other parts of the world. The company was formed in 2007 and has since won several brokerage awards, including Best Spreads, #1 Customer Service, Most Recommended Forex Provider in Australia and Strongest Brand Association with being Trustworthy.

Below is my review of AxiTrader...


They offer both ECN and CFD trading

Very few brokers offer both ECN Forex brokerage services as well as CFD services. Most brokers offer one or the other (most retail brokers now also opting for spread betting services). AxiTrader offers tight spreads on all of it's CFD products (Indices, Forex, Commodities & Metals) and low commissions for it's ECN traded instruments (around $3.50 per side).

They are regulated by the FCA

AxiTrader have offices in London and are registered and regulated by the FCA. This is very attractive to a lot of traders and investors. The FCA are a well respected regulatory body and will compensate client accounts by up to £50,000 if you have a funded account with a broker that goes into administration.

They are well-trusted and are used by many professional retail traders

AxiTrader (just like Oanda) have a strong reputation of being a transparent and trusted broker. Their customer service is also a pleasure to deal with. A number of well-respected traders use and recommend trading with AxiTrader.

They offer New York close charts

Surprisingly, a lot of retail Forex brokers don't offer New York close charts. AxiTrader does offer New York close charts.

Summary

I highly recommend AxiTrader. If you are looking for a transparent and cost effective service, AxiTrader is your best bet. Having an ECN option is an added bonus.

To open a demo account with AxiTrader, please use this link.