MT4 Review For Axitrader Customers
Axitrader is one of the few forex brokers in Australia that solely offer the world’s most best forex trading platform, MT4 (MetaTrader 4) based on popularity. This one platform has a number of tailored interfaces for all devices from PCs, Macs to mobile devices.
What MT4 Accounts Does AxiTrader Offer?
Our Axitrader review found the forex broker was highly competitive when it came to account features. While both options offer the best forex broker trading platform (MT4), they also have low spreads, multiple markets and low deposit minimums. The two forex trading accounts offered are:
1) MT4 Standard Account
This is for traders who trade smaller volumes with a reduced minimum deposit requirement and no commissions (only spreads).
2) MT4 Pro Account
This account requires a higher deposit but offers lower spreads. The downside though is there is a fixed commission of $7 USD per round trip.
Below shows some example forex broker spread account comparisons for Axitrader as published on their site on the 20/12/2015. It highlights the savings of a pro account but commissions need to be factored in to see what the cost comparison will be based on your trading pairings and volumes.
Our Axitrader review found that Australian forex traders should initially just pick an account and make a few traders over a month. Once this occurs, you should review your forex broker trading costs and discuss with your account manager if you should switch MT4 accounts.
Awards Won By AxiTrader’s MetaTrader Forex Broker Accounts
Axitrader is Australian owned, regulated and Australian based. While they are local, they have an international presence and have won multiple awards including the strongest brand association and trustworthiness in 2014 as shown below.
MetaTrader 4 has also won a swag of awards including at the forex expo awards the best forex software developers award. This award had over 60 nominees. In 2015 MT4 also won two categories at the ‘Finance Magnets Awards’ with awards for both the best forex trading platform and best forex broker mobile product.
Additional Features Axitrader Offer Mt4 Clients
This is a unique application that allows Australian forex traders to follow other international currency traders. The outcome is that forex traders can track, analyse and compare their trading activity to other traders.
AxiTrader allows their MT4 traders auto-trade using MyfxBook in less than a minim allowing you to select the system you want to copy from the cloud.
Tradeworks is a great way to test trading strategies without programming knowledge. You can also design and analyse strategies not only for currency trading but also CFD trading. The tool integrates with MT4 and is cloud-based ensuring that your execution speeds are remain sharp.
The two key feature of Tradeworks is the ability to deploy and then make changes to your strategies in real time and to work with pre-designed template strategies which can then be tailored to your needs.
The bonus of trading with AxiTrader is that the 49 euro monthly fee is waved for traders that exceed 30 lots worth of trades in a calendar month. These trades must be done on a linked account which can be manual or Tradework trades.
3) Signal Trader
This automated trading tool provides a full suite of currency instruments offering the ability to mirror trades of propriety forex traders on their AxiTrader account.
The software allows forex traders to pick a range of auto-execution mirror systems, providing automation on currency markets based on signals generated by prop currency traders.
Signal Trader offers an innovative solution for automated trading. Using our services allows you to maximize your trading potential by utilizing our sophisticated trading systems, all with proven track records . Automate your trading by mirroring our unique trading systems today.
MT4 my Meta-Quotes is the worlds most popular and many consider best forex trading platform. It’s also offered by IC Markets, CMC Markets, IG Markets, and Pepperstone. The MetaTrader currency trading software has been in circulation since 2015, originally branded as MetaTrader 3. While MetaTrader 5 now exists, MetaTrader remains the most popular which was written from scratch after MT3 with advanced functionality and usability. The fact this tool is free for traders such as those that use AxiTrader with the ability to analyse and trade on worldwide currency markets.
MT4 allows traders to trade across currency markets, CFD as well as futures market. While it’s one of the older platforms in circulation, its the usability that leads many traders to prefer it and for most mainstream forex brokers to offer it.
The below diagram explains the architecture behind the best forex trading platform. The main server connects to data centers, managers, administrators, mobile and client terminals. MT4 allows Australian currency traders across not only PCs but also mobile devices from android, iPhone to tablet. It should be noted that the most functionality exists on PC devices, with the mobile device options having some features removed to ensure the applications remain light.
Key Outtakes for AxiTrader
Our AxiTrader review found their MetaTrader 4 accounts are one of the best based on their low spreads, feature add-on possibilities and and leverage of up to 400:1. Our forex trading platform comparison found the forex broker offered comparable elements a trader should consider when choosing the best forex broker. It’s worth opening a trail account that is valid for 30 days to make sure the forex broker meets your requirements.