About the broker
AXI Trader began their operations in 2007 and their parent company is AxiCorp Ltd. This is a holding company that bases its operations in the United Kingdom. They also are the owners of AxiCorp Financial Services, which is one of the biggest online brokers you will find in Australia.
They are well regulated in Australia and the United Kingdom. A customer support team catering for a variety of languages are available around the clock and they have a diverse range of investments to choose from.
AXI Trader is regulated by the Financial Conduct Authority in the United Kingdom, as well as by the Australian Securities and Investment Commission (ASIC). They are both two of the leading regulators in the space.
Pros and Cons
- Competitive spreads
- Good local support on offer
- Well regulated
- Very reliable trading platforms
- Somewhat of a limited selection of CFD instruments
- Banking options a bit limited
With AXITrader, you only have to make a minimum deposit of £1 when you open up a new account. This is extremely low by industry standards. Their deposit and withdrawal options are a bit limited.
They are very reliable as a platform and have won awards for being the most trusted online broker in Australia in the past. They offer raw spread and they will change depending on the market.
There is a commission of £7 if you are making trades through MetaTrader 4 Pro platforms. For a standard MetaTrader 4 trade on AXITrader, the average spread will be about 1.3 pips for EUR/USD. Customer support is available on a 24/5 basis.