AxiTrader Review: Pros, Cons, and Verdict

For standard accounts, the broker offers fixed spreads at 1.0 pips and no commissions. Pro accounts, however, have spreads starting with 0.0 pips and a 7 AUD commission for each trade. Since the FX broker has offices in London, Chisinau, Dubai, and Sydney, it is capable of offering support whenever traders require it, and this includes MT4 support.

Trading with Beeks FX VPS ensures rapid trade execution, a stable environment and high accessibility. Commissions and fees for an AxiTrader MetaTrader 4 Pro Account are set at a $7 per standard lot round turn but can be reduced depending on trade sizes, frequency and strategy. The broker AxiTrader was launched in the year 2007 in Sydney, Australia, and has advanced to become one of Australia’s largest Forex brokers. I got contact from my account manager (yeah, never had one apart from TD Ameritrade) within 30 minutes if receiving account approval. They have good plug-ins for MT4 and cool analytics tools that help you be accountable (that you should if you want to be a profesional trader). If you are still skeptical, you can start a eToro demo account and assess the credibility of the platform on your own.

Is this Broker Good for Beginners?

Average spreads are at a competitive level and fees are transparent. The broker offers some unique tools and features such as bespoke MT4 add-ons, advanced charting and trading tools such as AutoChartist and PsyQuation. Unfortunately, the selection of financial instruments, as well as deposit and withdrawal methods is quite limited and can’t compete with other major players in the industry. Even though the trading company provides a very competitive fund deposit price, the recommended min deposit is $200 for trade purposes. No fees AxiTrader charges for deposits and withdrawals done via bank transfer.