Is AxiTrader a Scam?
AxiTrader is a forex broker.
AxiTrader is a forex broker that was founded in 2007. It is headquartered in Sydney, Australia. It is a subsidiary of AxiCorp Financial Pty Ltd., established in 2001. The company has extensive market dominance in Australia. Since then, it has expanded linearly and has become a top financial brokerage firm.
The process of opening an account with AxiTrader is relatively easy. A few basic questions must be answered, and an ID card color copy is required. You can also fund your account using your debit card. While you cannot withdraw funds with your debit card, you can make withdrawals by bank transfer or credit card. However, you must note that international bank transfers may take three to five days to appear in your account. Besides, you may have to pay fees to your bank. You can also use bitcoin as a form of payment. However, withdrawals are not instant, and there is a minimum withdrawal of 5 USD.
Three agencies regulate it.
The company AxiTrader LTD operates for international clients and is a fully-owned subsidiary of AxiCorp Financial Services Pty LTD. The New Zealand regulator suspended the company in July 2019 for failing to meet the requirements of the Financial Conduct Act 2013. In addition, the company lacked the proper resources and procedures to comply with the regulatory bodies.
First, AxiTrader is licensed by the FCA in the UK. ASIC in Australia also regulates it. Its office address is 55 Baker Street, London W1U 7EU. Traders from the UK can trade in the company’s services, but traders from other countries cannot.
It offers leveraged trading.
AxiTrader is a financial company that offers leveraged trading options to its clients. Their trading platform allows up to 1:30 leverage for retail investors and 1:400 for professional traders. It is important to note that the leverage offered is not suitable for inexperienced traders. You must also bear in mind that the minimum trade size is 0.01 lots. The spreads and commissions will also vary depending on your account type. Axitrader offers the industry-standard MT4 trading platform and a web trader.
Leveraged trading allows you to increase your investment by a certain amount. Leverage allows you to multiply your initial capital and increase your gains, but it can also have the opposite effect and make you lose money. AxiTrader is regulated in multiple jurisdictions and offers different trading conditions for different types of customers. For example, Australian clients can avail of high leverage of 1:400.
It offers customer support in 6 languages.
The customer support department at AxiTrader has a dedicated account manager to help you with any questions. They can help with everything from trading strategies to market analysis and training. The customer support team is available twenty-four hours a day, seven days a week. Their staff is multilingual, with representatives from 12 different countries. The FAQ section also has answers to frequently asked questions.
It has a good reputation.
AxiTrader has a good reputation among traders due to the high-quality services offered by the company. The company has a broad clientele and substantial trading volumes. It is one of the top retail brokers in the forex market and has won multiple awards for its services. The company also provides excellent customer support, including email and phone support.
AxiTrader is regulated by the Australian Securities and Investments Commission (ASIC) and has a UK subsidiary authorized by the Financial Conduct Authority (FCA). These licenses provide clients with peace of mind that their money is in safe hands. However, it is always a good idea to check a broker’s regulatory status in your jurisdiction, particularly if you’re new to the market.
It is not a scam
Although many people wonder if AxiTrader is a scam, it’s a legitimate financial service. It’s one of the world’s largest trading platforms, supporting over 10,000 registered users. The company is a leader in the Fintech revolution, providing traders with a broad range of resources and tools to trade capital markets. If you’re considering using this broker to trade on the stock market, it’s best to make sure it’s not a scam first.
AxiTrader was founded by traders who know exactly what traders want from a trading platform. It offers its clients access to the powerful MetaTrader 4, a proven and efficient platform for trading forex, indices, and commodities. The service also offers tight spreads and fast execution. AxiTrader is also regulated, which means you can rest easy knowing that your money is in safe hands.