AxiTrader is one of Australia’s premium forex brokers offering forex trading exclusively through the MetaTrader 4 (MT4). The forex broker is majority Australia owned and offers ECN trading with no dealing desk and access to global liquidity pools.
The key features of AxiTrader include:
- Low spreads through their Pro Account
- Medium-High leverage of 400:1
- Enhanced MT4 trading
- Award-winning customer service
- Multiple zero fee funding methods
Spreads Available From AxiTrader
The AxiTrader Pro account was compared to the leading forex broker accounts with the finding that their spreads and commissions to stack up favourably.
Below shows the average and lowest spreads across three of the most popular currency pairings when forex trading. The pro account acts as an ECN forex broker account. This means that there is a commission of $7 USD round trip when trading but on the plus-side, spreads are set by the market.
AxiTrader Leverage Levels
AxiTrader offers the second highest level of 400:1 from the main forex brokers. Internationally this level is viewed as a very high leverage facility.
Leverage allows forex trading at multiple levels of the deposit made. For example, at a leverage level of 100:1 a deposit of $200 can allow $20,000 to be traded on the market. As currency changes historically are factions of a percent, this makes it possible to make a meaningful profit and/or loss on currency markets.
AxiTrader default leverage level is 100:1 (not 400:1). A request needs to be made for special consideration to this higher level. You should consider your risk appetite and level of experience prior to making this request for the maximum leverage available. There is the possibility also of going into negative balance as explained later in this AxiTrader forex trading review which should also be factored when trading.
Platform AxiTrader Forex Trading Review
AxiTrader Risk Management Tools