Axitrader move from Australia to St. Vincents | Page 2 | Forex Factory

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Axitrader move from Australia to St. Vincents

  • #21
  • Jun 21, 2019 7:57am Jun 21, 2019 7:57am
Quoting LFN
What about the FSA regulated UK division of axitrader? https://www.axitrader.com/uk Also affected by the move to st vincents?
ya. that shd be uk n eu only.
brexit coming soon though... gd luck in that change later on.
  • #22
  • Jun 21, 2019 7:58am Jun 21, 2019 7:58am
Quoting anti-flash
{quote} {quote} The masters of Saint Vincent and Seychelles.
haha.

i like flash. lol
  • #23
  • Jun 21, 2019 10:46am Jun 21, 2019 10:46am
Quoting VEEFX
{quote} Call me cynical or skeptical but to me, it is basic common sense not to put real decent size capital with any FX broker. Under 10-20K might be okay but that limits the pursuit of being a fulltime trader unless your living expenses is under $500/month. Retail Spot FX is a DEAD industry. Relying on unregulated brokerage houses is pure stupidity imo. I am glad I got out when FXCM was busted and booted out of USA. Bottom Line: I don't trust SpotFX nor will I completely trust anyone trading it.....especially the ones who trade in MT4. End of...
Who is your broker and platform for trading futures mate?
  • #24
  • Edited 1:24pm Jun 21, 2019 1:09pm | Edited 1:24pm
Quoting Forex.RayV1
{quote} Who is your broker and platform for trading futures mate?
Amp/Sierra for now but going to stay with my long term broker IBKR.

Quoting BubaYaga
{quote} Trading futures is undoubtedly more secure, with superior regulation and trading conditions. - no question. But trading futures is just as hard. If you're not making it in Spot FX - truth is moving to futures may not help.
I never said it is going to be a easy ride. Not making in Spot FX has zero relevance to making it in futures. In fact, I am finding quite the opposite is true... none of my multi-pair, multiTF, 28pair basket trading strategies are suitable for NQ so I had to start off from scratch. safety of funds is more paramount to me than making a few bucks on high leverage.

EDIT: Unsubscribed as I am not interested in back and forth about spot FX so last post here.
Staying in my lane...
  • #25
  • Jun 22, 2019 5:46am Jun 22, 2019 5:46am
I received the mail 1.5weeks before the due date. Its not enough time investors to move or to take an action. I have hedged positions which I cant stay naked and Axi is my only broker who I trade with. I chose to migrate with FCA even 1:30 leverage is ok for me. After signing few papers at the last step they asked me to close my positions on ASIC account and then they can open my FCA account. The reason is that I cant have both FCA and ASIC account at the same time. Well.. I cant take that risk and I will migrate to Vincent islands for few weeks. Im on vacation and as soon as Im back I will continue with another FCA regulated brokers. Axi is a good broker but its a lesson for me not to rely on 1 broker especially if u have a hedge position.
  • #26
  • Jun 22, 2019 6:11am Jun 22, 2019 6:11am
Quoting masis
I received the mail 1.5weeks before the due date. Its not enough time investors to move or to take an action. I have hedged positions which I cant stay naked and Axi is my only broker who I trade with. I chose to migrate with FCA even 1:30 leverage is ok for me. After signing few papers at the last step they asked me to close my positions on ASIC account and then they can open my FCA account. The reason is that I cant have both FCA and ASIC account at the same time. Well.. I cant take that risk and I will migrate to Vincent islands for few weeks....
Exactly..
Yes. It is a lesson. Wish u all the best.
I've closed accounts and moving with no open positions and little/no capital.
  • #27
  • Mar 20, 2020 12:00pm Mar 20, 2020 12:00pm
Is Axi Trader another bucket shop? They charge a commission on top of spread. A real broker would not charge a commission Can someone explain please?
  • #28
  • Last Post: Apr 3, 2020 10:49am Apr 3, 2020 10:49am
The broker probably has no other way but to move the license to St. Vincents?
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