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AxiTrader News

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Clients of AxiTrader now have access to Equity Index CFD's, Commodity CFD's and to their Pro Account Service on the MT4 Trading Platform.

Their range of popular Equity Index CFD's include markets from Europe, Asia and United States.

Pro Accounts Are Now Available

AxiTrader Pro account service offers clients a commission based pricing option with reduced bid-offer spreads.

Commissions are charged in the Account Currency and are based on the number of standard contracts bought or sold in each transaction. In the case of a fraction of a contract, the Commission is charged on a pro-rata basis.

Standard Account

No commissions are charged on transactions executed in AxiTrader Standard Accounts.

Change in Initial Margin Requirements

Effective close of business on 8 June, 2015 AxiTrader's initial margin system for currencies will be changed.

As each currency pair has its own particular liquidity, volatility and differing political and economic risks, Their initial margining system needs to adapt and reflect the underlying market conditions.

The immediate impact for clients who trade some currency pairs will be an increase in initial margin requirements. This means that the portion of your account balance allocated to a particular trade will now be a better reflection of the currency's risk.

The new initial margin requirements will apply to all open transactions from close of business on 8 June, 2015.

All clients are advised to ensure they have enough Equity in their accounts to meet the new requirements and avoid any unnecessary liquidation of positions.

Full Contract Specifications & Margin Requirements

Please ensure you review the full list of tradable products in our Product Schedule.

New Clients

You can open an AxiTrader account here.

AxiTrader has taken the decision to cease to offer Hong Kong Dollar and Danish Kroner Margin FX Contracts.

This decision is due to a number of interbank foreign exchange market participants withdrawing their market-making or custodial services in these Underlying Instruments. AxiTrader has reasonably determined that it will be unable to maintain an orderly market in these currencies and will therefore cease to offer these contracts.

Under clause 20.1 of the Customer Agreement this email serves as formal notice that AxiTrader will cease to offer the instruments as at Close of Business on Friday 30 January, 2015 (Effective Date).

Customers shall not be able to open new positions from the Close of Business on 23 January, 2014.

When will these changes take effect?

HK Dollar and Danish Kroner contracts will be set to "close only" at Close of Business on Friday 23 January, 2015.

All trading will be suspended at the Close of Business on Friday 30 January, 2014.

What action should I take?

Customers are requested to close all open transactions before 3pm New York time (22:00 Server Time) on 30 January, 2015.

What happens if I do nothing?

AxiTrader will close all open transactions at the prevailing AxiTrader price as at 12pm New York Time (19:00 Server Time) 30 January, 2015

Key Dates

Close Only (no new positions)
COB 23 January, 2015

Close all Positions
12pm NYT 30 January, 2015

Instruments Suspended
COB 30 January, 2015

Trade with a trusted FX provider:

Stable Trading - Supported by our world-class infrastructure
Segregated accounts - Client funds held in segregated bank accounts
Regulated - Authorised and Regulated in Australia by ASIC and in the UK by the Financial Conduct Authority
Financial Resilience - Business as usual following the Swiss franc fallout
Trusted - Australia's most recommended FX provider^
Lightning fast execution - Powered by our high spec MT4 bridge

ECB Interest Rate Decision

Thursday 22nd of January 2015

AxiTrader are writing to let you know about the forthcoming announcement of the key ECB interest rate decision scheduled for Thursday 22nd January at 12:45 GMT (14.45 MT4 Server Time).

Following the announcement at 13.30 GMT (15.30 MT4 Server Time), ECB President Mario Draghi has a scheduled press conference regarding the European Central Bank's policy position.

Whilst the ECB President has telegraphed the likelihood of expanding the quantitative easing program last week's surprise move by the SNB has left markets nervous.

What does this mean for you?

Markets are likely to be volatile and spreads will widen during this period, hence we recommend you take a moment to consider whether this announcement will have any effect on your trading account and take appropriate action (if any) accordingly.

Important AxiTrader Update

Monday 19th of January 2015

A message from Goran Drapac, Chairman and Chief Executive Officer of AxiCorp Financial Services Pty Ltd:

"On Thursday 15th January, the Swiss National Bank withdrew its policy regarding the 1.20 EURCHF price floor. Consequently, the foreign exchange market in Swiss Franc experienced an unprecedented disruption.

Like many firms, some of AxiTrader's clients sustained losses greater than the balance of their accounts due to the gap in market pricing. The overall financial impact on AxiTrader has been limited and our regulatory capital and cash resources remain above the regulatory requirements. Customers can be assured that Client Funds remain segregated and business remains as usual."

Goran Drapac
Chairman and Chief Executive Officer
AxiCorp Financial Services Pty Ltd

New Currency Pairs From AxiTrader

Monday 17th of February 2014

Trade the Chinese Yuan in the Year of the Horse

Year of the Horse

AxiTrader are pleased to welcome in the year of the horse with new markets in your AxiTrader account. Of particular note, you can now trade on the Chinese Yuan against the United States dollar currency pair (USD/CNH), along with a wide variety of Singapore Dollar crosses.

To access the new currency pairs inside MT4 you can right click on the market watch window and select either 'Symbols', or 'Show All'.

New Currency Pairs

Currency Pairs Table

Download AxiTrader's latest version of MT4 to enable 'One-Click Close' and trade directly from the charts!

To enable these great new features, simply follow the steps below:

Firstly, make sure you have the latest version of MetaTrader 4 installed, either through the auto-update feature or downloading it from the AxiTrader website.

Feature 1: One-Click Close of Trade

Once the latest version of MetaTrader 4 is installed, click on "Tools" then "Options" and enable One-click trading under the Trade tab:

Once you enable one-click trading, an "X" sign will appear next to the Profit in the Trade Terminal. You can close your trade/pending order by simply clicking this "X".
Note: you will need to accept an MT4 disclaimer.

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