Is it feasible for small retail novice trader to fulfil this requirement in 60 days? One needs to “start trading” to qualify. Any feedback on this broker?

Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. Pepperstone maintains 61 Forex pairs versus 75 at AxiTrader, making the latter a better choice for pure Forex traders. Traders enjoy protection from the Compensation Fund up to €20,000 or on par with many EU regulated brokerages. Country of the RegulatorUnited Arab Emirates, Australia, The Bahamas, Cyprus, Germany, Kenya, United KingdomName of the RegulatorASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBRegulatory License Number414530, 91279, 128, 388/20, F004356, , F217Visit Website % of traders on margin lose This is the first independent self-regulatory organization and external dispute resolution (EDR) body for the forex market, based in Hong Kong. Corporate actions like dividends, stock splits, and mergers apply to equity and index CFDs and are passed onto traders.

• Even if they had to close out my trades, they could have closed out a 0.8 BUY trade to make the free margin incredibly large so that the entire wipe out wouldn’t happen.
• There are arbitration processes in place that are able to deal with these issues.
• As a leveraged product losses are able to exceed initial deposits and capital is at risk.
• In order to further sweeten the deal for all of the traders, Axitrader has built in integrations for a number of third-party trading services.

AxiTrader is one of the few brokers to start offering the NextGen MT4 platform. What really put the cherry on top for us was the fact that they were quite open to traders visiting their account managers at the offices. However, if you are just starting out or you do not trade with that much regularity then you should consider the standard account.

While some other brokers may implement similar limits, it is becoming less common these days. This is a great way for a trader to practice their trading in a non-threatening and beginner friendly way. Which account you end up choosing will depend a great deal on your own personal preferences and trading experience.

They take clients from nearly everywhere. Hi Kirill, is this broker available in Europe (Spain, particularly)? This broker for example don’t accept customers from Japan, perhaps the numbers 2 ou 3, do. So what is the top 2 & 3 broker? I will see if the spread becomes 21 pips again in the weekend.

• We will also give you some top tips in order to make the most of your trading experience.
• This is helpful for traders to manage their risk around potentially market moving news.
• They have included a number of guides, videos and resources on their website that are positioned at traders with varying skill levels.
• We’ve since grown to become one of Australia’s largest and leading Forex brokers.
• Pepperstone applies withdrawal fees solely to bank wires, and third-party fees are levied at both brokers.
• Given that AxiTrader will have to had to have conformed with these requirements, you can feel at ease about the safety of using their services.

While this looks like a pretty attractive asset offering, there seems to be a distinct lack of any single name equities to trade. So, irrespective of your funding method they will not charge a broker fee to it. Surprisingly, you are not charged any fees for a deposit / withdrawal at Axi. AxiTrader will charge their own spread to this which is +1.25% for a long position and -1.25% for a short position.

What are the minimum deposits for these brokers?

I just noticed that when the market is opened, the spread is about 2-3 pips. However I was shocked with the spreads I saw in MT4. I have just opened an account with this broker. Also, based on this review, AxiTrader is now officially the broker of choice for ForexBoat!

and deposit $10+ by bank card to instantly receive $30 tradable funds; profits are withdrawable.

AxiTrader not only deliver https://forex-review.net/axitrader-review-scam-or-legit/ on spreads and execution, but they are trustworthy and go above and beyond when it comes to customer service. Maybe as most of the brokers take up to 3.2% in funding fees. In Australia, there is a financial-services research organisation called Investment Trends.

AxiTrader Review

Personally, I have found a broker I am satisfied with in all respects, and today I want to tell you about them. Chinese clients can use UnionPay and Australians can transfer funds through BPAY and Global Collect. The Deposit/Withdrawal methods supported by the broker cover bank transfers, broker-to-broker transfers, as well as various credit and debit cards.

AxiTrader Reviews

Simply follow the link to open an account.Happy trading! If so, as a student of the udemy course I would be very interested in hearing your 2 & 3 listed brokers. Were your 2 & 3 brokers serving US residents? I have moved away from recommending 3 brokers. Sometimes spreads are shown higher for the weekend. I just want to inform that this weekend the spreads become 212 points again.

Pepperstone vs AxiTrader

For those traders who want more leverage they should try the likes of IQ Option and Plus500. Firstly, we were surprised to see that they do not have any single name equities or stocks available to trade in their product offering. They will trade the excess market volatility created by misses or overshoots of the forecasted numbers. For those traders who prefer to watch videos for guidance, AxiTrader has included a host of video tutorials on demand.

Typical Spreads and Fees

What a great solution to the Australian latency problem! We’re talking about an Australian broker, whose servers are in the US. Let’s not forget that the script I was using records the Maximum Spread within every minute, meaning that we’re looking at the worst-case scenario. Each cell stores the Maximum Spread for that minute for a given currency pair. This means that I don’t take spread lightly. If you know me well, then you know I mostly trade with Robots (scalpers, in fact).

Moreover, for those traders who trade more than 20 lots per calendar month, Axi will credit your account with $34.99 which can be used to pay for hosting. AxiTrader works with a host of VPS providers that they can help you set up hosting accounts with. This is especially important for those traders who use high frequency trading algorithms. This is helpful for traders to manage their risk around potentially market moving news. These are pretty standard for Forex traders and is used to mark all the important Economic announcements that are coming up over the coming weeks / months.

AxiTrader is a market maker, has minor regulatory discrepancies, and provides traders merely with the basic MT4 trading platform. The spotless regulatory record sets a shining example for other brokers to follow, and the ECN execution model grants traders conflict-of-interest-free brokerage services. Traders enjoy protection from the Compensation Fund up to €20,000 or on par with many EU regulated brokerages.While both brokers present traders with an excellent trading environment that can benefit from an increase in the overall asset selection, Pepperstone is the superior choice. These are offered by numerous other brokers and are a great way to provide ongoing support to the traders. This is pretty standard for online brokers these days and may hurt them when it comes to stock traders.

AxiTrader Leverage

I opened an account with AT and satisfy with the customer support so far. One important problem that is missing here is WITHDRAWAL. The best solution in this case is to go and do your own research and decide for yourself what is the best place for YOU to trade.

Axitrader Reviews 3

This includes a number of other tools and features that you will not find on the standard platform. The MT4 platform is available to either be traded through your web browser or on the computer client. The MT4 platform is also much more sophisticated than any other technology that has been developed in house by a broker. This is one the most widely used external trading software currently on the market. For those who do not know, MT4 is a third-party trading program that was developed by a company called Metaquotes.