When it comes to designing a platform for trading that comes as close as possible to the traders’ wishes, no one is better suited as a source of ideas than the traders themselves. At least the online broker AxiTrader followed this view, claiming to be a platform from traders for traders. Now it will come as no surprise that a platform describes itself as customer-friendly and practicable. More or less all online brokers are looking for customers with this claim. First of all, AxiTrader is one of many online brokers specializing in the segment of currency pairs, commodities and indices. A total of around 100 different securities from these categories can be traded at favourable spreads. To what extent the offer for the trade itself, as well as the available support offers around the trade fulfil a quality standard that is particularly suitable for private traders, is a question that we would like to answer in our following review.
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Always, that much we would like to anticipate, AxiTrader’s customers are offered something that goes beyond the actual trade. It provides a fully functional demo account that allows inexperienced traders to get to grips with this not-so-simple form of trading. And there are also no major hurdles to overcome when it comes to getting started. However, in order to base the decision for a particular online broker on as broad a foundation as possible, it is also necessary to ask the question about the security or seriousness of the provider. In the following sections we would like to get to the bottom of all aspects and questions raised here.
The experiences at a glance
Before we take up individual aspects of our test point by point, we would first like to offer you an overview of the overall picture that we have made of this online broker. Positive is the first impression you get as a trader when you visit AxiTrader’s homepage for the first time. The well-structured page is also available in German. For German customers it is therefore not only possible to get a quick overview of AxiTrader’s product range. Also the many offers, which are made available approximately around the trade for instance within the ranges market information and further training, are present in German language versions.
With it it it is very simply possible to get first uncomplicatedly and witthout obligation a full-fledged impression of the offer and the possibilities, which the broker has to offer to his customers. First of all, a demo account can simply be opened in which 50,000 euros of virtual capital can be used under real market conditions. In our experience, the demo account can initially be used for 30 days. The platform that is made available to traders for trading is based on the MetaTrader 4 software solution commonly used in the industry. There are various options available so that a browser-based version can be used in addition to trading with a permanently installed version. In addition, there are offers for mobile trading. In the process, sufficient material is made available to familiarize oneself with the respective functions and possibilities of the trading software. So while trading on the basis of around 100 values works smoothly, traders can also rely on very proper content and technical support.
A special service is also offered for German customers. In addition to the live chat, a personal account manager can also be accessed. All in all, we have got to know an online broker who offers the best conditions for entering the trade. And even traders with experience or higher demands will find AxiTrader to be a reliable and convincing partner. Before we go into the content aspects of AxiTrader’s offer in detail, we would like to clarify the question of seriousness in the following section.
AxiTrader in Check: Fraud or serious?
It is sometimes surprising to see with which trust in God some traders enter the market. Without informing oneself about the background of an online broker, money is transferred to the trading account without any suspicion in order to be able to start trading as quickly as possible. Even if such a procedure usually remains without serious consequences, the traders take a certain risk. Not only our experience has shown that by no means all providers set such high standards for dealing with customers and their money as one should expect. The dynamic development of recent years in particular has led to a number of new providers appearing on the market. In order to gain the favour of the traders, extensive services and big promises are worked on in places. The providers are then not always in a position to fulfil these announcements. While some get into economic difficulties, others do not take it so exactly with the conditions or the completion of transactions opposite the customers.
In some cases the customers act to worse conditions than actually announced or must wait very long for their money, if it is to be paid out. In the worst case a supplier announces insolvency and the customers must do then without their deposits to a large extent. In order to avoid such inconveniences and annoyances, we always advise you to look as closely as possible in the run-up to the decision for or against a particular online broker and to find out what is going on with regard to security and seriousness. In the case of AxiTrader we got to know a very reputable provider. In the course of our test there were no abnormalities or irregularities. The traders can therefore safely assume that they will neither be confronted with rip-off nor with fraud at this provider.
Many underlying securities at fair trading conditions
The focus of our review is, of course, the offer which is made available to traders in daily trading. The online broker AxiTrader is specialized in trading with currency pairs. In addition, underlying securities in the areas of commodities and precious metals as well as indices are available. However, before entering into trading, it is first necessary to choose one