Hey guys,
I'm a bit late to the party.
Sorry to hear about Pepperstone, shame.
I'm still just a newb and working on controlling my risk, money management and psychology with a micro account.
So, from a newb's perspective:
I have been with AxiTrader for over 5 years. Initially it was a bit of a hassle to transfer money, had to physically go to bank, but they have gone from strength to strength over the years and their current front end is seamless. I have deposited money half a dozen times this year and have not had any problems. I have dealt with Ben many times, great guy, very helpful. Spreads usually really tight, depending on time of day and pair.
I really wanted to support a kiwi firm and opened an account with Mahi a couple of years back. It was a great exercise, looking at my AxiTrader account side by side with my Mahi one. Early on I had a trade on and the platform just had a spaz. The spread went from a few pips to something ridiculous, from 40-60 pips. I emailed them a couple of times and when I got a reply they said they really weren't set up for retail traders, and that's cool, it's just that the tone of the email spoke volumes as well. Apparently the issue was something to do with their server. Spreads are bigger than Axi across the board and at times can get insanely big. Last time I had both up and the Mahi chart was littered with huge spikes that were nowhere to be seen on the Axi chart. I really do not know why. In the end the Mahi experience has made me value Axi more. I am still hanging onto the Mahi account, hoping they might improve as Axi has done over the years.
I hope this is of some help.
Best of luck for resolving this issue and getting back to trading.
Cheers, from Dunedin
I'm a bit late to the party.
Sorry to hear about Pepperstone, shame.
I'm still just a newb and working on controlling my risk, money management and psychology with a micro account.
So, from a newb's perspective:
I have been with AxiTrader for over 5 years. Initially it was a bit of a hassle to transfer money, had to physically go to bank, but they have gone from strength to strength over the years and their current front end is seamless. I have deposited money half a dozen times this year and have not had any problems. I have dealt with Ben many times, great guy, very helpful. Spreads usually really tight, depending on time of day and pair.
I really wanted to support a kiwi firm and opened an account with Mahi a couple of years back. It was a great exercise, looking at my AxiTrader account side by side with my Mahi one. Early on I had a trade on and the platform just had a spaz. The spread went from a few pips to something ridiculous, from 40-60 pips. I emailed them a couple of times and when I got a reply they said they really weren't set up for retail traders, and that's cool, it's just that the tone of the email spoke volumes as well. Apparently the issue was something to do with their server. Spreads are bigger than Axi across the board and at times can get insanely big. Last time I had both up and the Mahi chart was littered with huge spikes that were nowhere to be seen on the Axi chart. I really do not know why. In the end the Mahi experience has made me value Axi more. I am still hanging onto the Mahi account, hoping they might improve as Axi has done over the years.
I hope this is of some help.
Best of luck for resolving this issue and getting back to trading.
Cheers, from Dunedin
Real knowledge is to know the extent of one's ignorance.