AxiTrader Minimum Deposit

AxiTrader minimum deposit enables the traders to gain more efficient trading skills by trading consistently competitive rates in the CFDs and forex markets. In Addition, the broker offers traders a wide range of financial instruments that include CFDs on the following instruments: metals, commodities, share indices, and foreign exchange. Furthermore, the web-based trading platform of AxiTrader is available for users in multiple languages.

It is a well-known trader because it allows traders to access the latest market data on CFDs, forex, and indices through several world’s most popular financial trading platforms.

What is AxiTrader’s minimum deposit?

A real financial trading account with AxiTrader requires a minimum deposit of $0 for its activation. But, the minimum deposit amount may vary depending upon the type of trading account selected by a first-time trader. However, it usually takes 72 hours for a deposit to become active.

Although, before opening positions, a trader still needs to ensure that they make deposits in their trading accounts in a sufficient amount to cover the required margins of the trading account. Alternatively, traders should also make sure that the local currency they are using on the account is correctly converted into the base currency they will be using in the future. In this case, when a trader desires to deposit ZAR to USD, he should know about the current exchange rate between these two currencies, US Dollar 1/R17.16, at that time.

As a regulated broker, it has to keep the client’s funds in segregated accounts as a part of strict requirements set forth by the regulating authority of AxiTrader. However, complete trading is only possible when trader funds are kept separate from the broker account, along with several other rules and regulations.

AxiTrader account types

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AxiTrader offers several types of accounts, including Standard account and Pro account, which can be used as Islamic accounts and demo accounts. In Addition, the accounts of AxiTrader can be used as an Islamic account and a demo account. Each of its accounts has its margin calls, minimum deposit requirements, leverage, and different commissions.

Accounts features

Upon registration for a live trading account, there is a zero USD minimum deposit.
CFDs, forex, and metals are available in more than 140 different pairs.
The option is available for trading on mobile devices.
There is maximum leverage of 1:500.
The MetaTrader 4 next-generation platform is available for users.
Live trading accounts can be opened with numerous base account currencies.
EA compatibility applies to all types of accounts.
Despite being a subscription service, VPS access is available.
AutoChartist is available for free.
Myfxbook AutoTrade is free to use.
PsychQuation and PsychQuation premium are free to use.

Offerings available in standard and pro accounts

Standard account

Setup cost: Free
Spreads: from 0.4 pips
Commission: None
Minimum trade size: 0.01 lots
Minimum deposit: 0 USD
Products: 140+ Metals, FX pairs and CFDs
Pricing: 5 digit
Mobile trading: Yes
MT4 Next generation: Yes
Margin/Leverage: up to 1:500
Base account currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Demo period: 30 days
EA compatibility: Yes
VPS: Free**
Autochartist: Free
Myfxbook auto trade: Free
PsychQuation: Free
PsychQuation premium: Free

Pro account

Setup cost: Free
Spreads: from 0.0 pips
Commission: 7 USD round trip
Minimum trade size: 0.01 lots
Minimum deposit: 0 USD
Products: 140+ Metals, FX pairs and CFDs
Pricing: 5 digit
Mobile trading: Yes
MT4 Next generation: Yes
Margin/Leverage: up to 1:500
Base account currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Demo period: 30 days
EA compatibility: Yes
VPS: Free**
Autochartist: Free
Myfxbook auto trade: Free
PsychQuation: Free
PsychQuation premium: Free

AxiTrader deposit fees and payment methods

At AxiTrader, there is no requirement for the minimum deposit amount to activate both the standard and pro accounts. Therefore, AxiTrader does not charge any deposit fees. However, traders only have to make a free deposit of $50000 per month in their trading account.

In Addition, it is the trader’s responsibility to ensure that the payment provider waives any fees that might be applied on transactions when funding their AxiTrader account. Hence, traders can deposit funds into their real trading account by following payment methods:

Debit or credit cards
Neteller
Skrill
China UnionPay
Bank wire transfer

Moreover, traders can deposit into their financial trading accounts in the following base account currencies:

Step by step guide for depositing funds in AxiTrader’s account

The traders can deposit the minimum amount into the trading account by following these steps as soon as possible after the verification and approval of their real trading account:

First, you have to enter the necessary credentials to sign in to the Axi Client login.
Then, after signing in, you are taken to the Client Portal, where you can select “Make a deposit” or search “funding” before clicking “deposit funds’.
At last, after selecting a suitable payment method, you have to follow the on-screen instruction to complete the process of depositing funds.

AxiTrader pros and cons

Pros

AxiTrader’s regulation strictly enforced the rules and regulations.
Funds of clients should be allocated in a separate account.
It does not charge commission on any of its accounts.
AxiTrader provides the Nex gen MetaTrader 4 trading platform.
Autochartist is available for the traders.
Free access to PsyQuation premium.

Cons

Aitrader is not available for US clients.
The leverage is restricted to 1:30 for the European clients.
Accounts with fixed spreads are not available.

Bottom line

Overall, regardless of the level of skills, experience, and knowledge, AxiTrader’s traders enjoy the advantage needed to facilitate their trading activities. Therefore, in terms of trade execution and non-trading costs, various AxiTrader account types assure traders of it an attractive and effective trading environment.

Categories: Traders Blog | Author: Jason Morgan | Date: 13 January 2022

Jason Morgan

Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 15+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.

Forex Content Writer | Market Analyst

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