Choosing a Forex broker isn't easy
you have to do lots of research to eliminate unreliable companies before you can find
the rare gems
much as its stake
in the price for making the wrong choice can be very high as high.
In fact as losing your whole initial balance today.
We will review and talk about AxiTrader and Australian broker that has passed the
tests
and maintained high standards related to trustworthiness
trading conditions and customer service.
So if you want to learn how we
and in each of these tests, stay tuned.
Before moving on we want to give you a quick heads up
as of June 2020 AxiTrader does not accept clients from the US.
So without further Ado, let's get started with trustworthiness.
How do you establish a broker's trustworthiness?
The first thing we checked was whether AxiTrader is regulated by any government body.
Yes.
They are AxiTrader holds Australian Financial Services license.
Number three one eight, two three two,
and is regulated by the Australian Securities and Investments Commission.
ASIC
AxiTrader is also regulated by the FCA Financial conduct Authority in the UK.
Also,
AxiTrader has been catalogued by investment Trends with the highest brand Association
for being trustworthy among current FX Traders.
And it has very positive reviews on Trustpilot. Moving on to trading conditions.
Let's look at the key points one by one
they offer to MetaTrader 4 live account types standard and pro the main.
Between the two account types is standard accounts have no commission all costs are built
into the spread, Pro accounts have commissions
hence.
The spread is much lower like ECN
as you can see
both accounts are EA optimized plus you get some unique features like a VPS, the autochartist
and PsyQuation
We will talk about these advanced features in a couple of minutes first though.
Let's talk a minute about spreads
a while back our team performed a thorough analysis of the spread data from an
AxiTrader
Pro account, we monitored and recorded the live spreads.
You can find the data set in the link description.
What we found in checked is that AxiTrader has some of the lowest
spreads in the Forex retail industry
and that the data from a live account was aligned to the information on their
website
to close the trading conditions section.
We have one last item execution.
It all comes down to the fact that their servers are in New York next
to the biggest liquidity providers
this way you get the best of both worlds.
Stringent Australian regulations and lightning fast U.S.
Execution this brings us to the next section customer service
AxiTrader excels in this realm, it truly puts itself.
Well above the competition
here are just some of the awards they have one in recent years
most recommended, number one for customer service
financial institution of the year.
The list goes on and on. Of the more apparent reasons.
Is that unlike many other brokers
AxiTrader customer support is available 24 hours a day
Monday through Friday and this includes all channels email chat and even phone support
trading experience is also enhanced by AxiTrader's unique features, which include PsyQuation
Autochartist and mt4 Next-gen
AxiTrader clients.
Enjoy complimentary access to PsyQuation the most advanced analytics platform available to retail Traders.
It allows you to analyze your trading behavior and
Receive tailored alerts.
Also it helps you to reduce mistakes trade smarter and improve your profitability.
Then we have AutoChartist
this tool automatically scans markets for defined trading opportunities and gives you notifications based on
emerging patterns and indicators
last but not least.
We have MT4 next-gen.
Mt4.
Next gen is a set of tools designed specifically for MetaTrader4
think of them as plugins that enhance everything you do on the
In total, there are 10 tools.
Once you attach one of these features onto your chart it either adds to it
or transforms it completely.
Let's have a look at a couple of examples to illustrate what it's all about.
One of our favorite tools is the Sentiment Trader
as you can see
this feature adds a gauge style view to your chart that shows the percentage of
traders that are in buy or sell positions.
The information is based on a relatively large sample of retail Traders.
How good is that?
Normally this
information is not available in the mt4 terminal at all.
So that's it for today's video.
We hope this review is useful.
If you are considering opening a live account with AxiTrader,
if you are a ForexBoat subscriber,
you can get an exclusive 30% deposit bonus with a new AxiTrader Live account
plus a non-expiring demo account
check the link in the description or just type forexboat.com/axi
for more details