Axitrader feedback, anyone? | Forex Factory

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Axitrader feedback, anyone?

  • #1
  • First Post: Jun 22, 2010 2:34am Jun 22, 2010 2:34am
They split from ODL after it was acquired by FXCM and are based in Australia.

There aren't a lot of reviews about Axitrader yet (none at ForexPeace Army, in fact) that I could find on the net.

Would appreciate hearing from people who've used them live as I'm thinking about opening an account with them. (Unlike GoMarkets, they welcome Philippine clients).

Thanks.
Amor Fati--F. Nietzsche
  • #2
  • Jul 4, 2010 7:06pm Jul 4, 2010 7:06pm
Check this out:
http://www.forexfactory.com/showthread.php?t=231155

I have been with them for a few months, whilst I have not withdrawn any money yet, I could not be happier with a broker. They are superb.
Trading Makes Money!
  • #3
  • Jan 3, 2011 4:07pm Jan 3, 2011 4:07pm
I have been trading live with AxiTrader for the past month and the experience has been good to date. Excellent communications before, during, and after opening account. Tight spreads, stable MT4 platform, and fast execution. I particularly like being pre-advised when spreads are likely to widen, such as during the Christmas trading period...upfront and honest!

It is early days, but I am feeling very comfortable with this broker.
  • #4
  • Apr 17, 2011 5:12am Apr 17, 2011 5:12am
What is their spread for gbbjpy?
Because i am a scalper.
  • #5
  • Apr 18, 2011 2:45am Apr 18, 2011 2:45am
Quoting s1quash
What is their spread for gbbjpy?
Because i am a scalper.
1.5-3pips at the moment
  • #6
  • Apr 18, 2011 8:25am Apr 18, 2011 8:25am
Quoting muzza
1.5-3pips at the moment
Thanks muzza
  • #7
  • Oct 7, 2011 6:14am Oct 7, 2011 6:14am
looks like I will be using this broker in the near future, via an affliated connection, better subscribe here and watch for any news !!!
OPPORTUNITY IS NOWHERE
  • #8
  • Nov 20, 2011 2:18am Nov 20, 2011 2:18am
Is this broker a STP or market maker.

Seems like it is a market maker
Forex brokers real time discount - visit Abundance trading group. com
  • #9
  • Nov 22, 2011 2:01am Nov 22, 2011 2:01am
No they are ECN


Quoting iwillsurvive
Is this broker a STP or market maker.

Seems like it is a market maker
  • #10
  • Nov 22, 2011 5:08pm Nov 22, 2011 5:08pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting praky
No they are ECN
Not true, ECN doesnt set stops level to 2 pips. Its just a STP- marketmaker
  • #11
  • Nov 22, 2011 7:35pm Nov 22, 2011 7:35pm
Quoting praky
No they are ECN
On their site they don't advertise themselves as an ECN and they do mention they use straight through processing so they're a STP, also with their spreads...lol no way are those ecn spreads.

About restricting stop to 2p, an ecn (or stp) broker may choose to do so if they are being taken advantage of by traders, for instance over in the GoMarkets thread Chris mentioned latency arbitrage where traders would execute prices that the lp simply did not have anymore but was obliged to fill due to technicalities of an internet connection (I think), and so to combat this introduce stop restrictions.
  • #12
  • Nov 22, 2011 7:42pm Nov 22, 2011 7:42pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting jeanlouie
On their site they don't advertise themselves as an ECN and they do mention they use straight through processing so they're a STP, also with their spreads...lol no way are those ecn spreads.

About restricting stop to 2p, an ecn (or stp) broker may choose to do so if they are being taken advantage of by traders, for instance over in the GoMarkets thread Chris mentioned latency arbitrage where traders would execute prices that the lp simply did not have anymore but was obliged to fill due to technicalities of an internet connection (I think), and...

What Chris told about the arbitraging and prevention by lifting the Stop level from 0 to 2 pips was a huge fairytale, an cheap excuse bc they lost truckloads of money by mdp traders.
  • #13
  • Nov 23, 2011 1:08am Nov 23, 2011 1:08am
Quoting onu
Not true, ECN doesnt set stops level to 2 pips. Its just a STP- marketmaker
So is it an STP or marketmaker?

both are worlds apart..you know that right?
Forex brokers real time discount - visit Abundance trading group. com
  • #14
  • Nov 23, 2011 5:14am Nov 23, 2011 5:14am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting iwillsurvive
So is it an STP or marketmaker?

both are worlds apart..you know that right?
Most mt4 brokers pretend to be STP technicalwise, but the reality is they trade big parts of the orders inhouse..that's why they are still marketmakers. You got it now?
  • #15
  • Nov 23, 2011 5:23am Nov 23, 2011 5:23am
Quoting onu
Most mt4 brokers pretend to be STP technicalwise, but the reality is they trade big parts of the orders inhouse..that's why they are still marketmakers. You got it now?
I see. Thanks for the insight!
Forex brokers real time discount - visit Abundance trading group. com
  • #16
  • Nov 24, 2011 3:03pm Nov 24, 2011 3:03pm
Axi trader are a market maker, if you are a large trader making money then they will switch you to their STP feed (integral)
  • #17
  • Nov 24, 2011 6:59pm Nov 24, 2011 6:59pm
Quoting iwillsurvive
I see. Thanks for the insight!
It's all hear-say, you could have people saying a proven ecn or stp is a market maker, truth is unless you work for the broker you'll never know for sure. There are brokers who fraudulently separate winning and loosing traders into stp feed and in house clearing, point is, no one ever knows which is which, doubtful the ones that end up in the stp feed would even know...
  • #18
  • Nov 24, 2011 11:44pm Nov 24, 2011 11:44pm
Quoting jeanlouie
It's all hear-say, you could have people saying a proven ecn or stp is a market maker, truth is unless you work for the broker you'll never know for sure. There are brokers who fraudulently separate winning and loosing traders into stp feed and in house clearing, point is, no one ever knows which is which, doubtful the ones that end up in the stp feed would even know...
By saying integral STP feed, you actually mean Integral's Fxgrid or Truefx right?

Fxgrid and TrueFx are actually ECNs just like currenex. lots of slippage
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  • #19
  • Nov 24, 2011 11:58pm Nov 24, 2011 11:58pm
Quoting iwillsurvive
By saying integral STP feed, you actually mean Integral's Fxgrid or Truefx right?

Fxgrid and TrueFx are actually ECNs just like currenex. lots of slippage
I didn't mention a specific feed, but yes Integral is a liquidity provider that feeds prices to brokers. TrueFX is just a historical record of ticks, FXGrid is the ecn connecting banks and brokers. An stp feed really is just an ecn feed with a markup from the broker instead of a commission and without level 2 depth.

Nice you mentioned slippage, real ecn pricing as you may or may not have seen is very fast pace with many ticks per second, so every time a trade is entered there is no guarantee that it will be filled, usually is, but not always, there will still be slippage. Now take a disgruntled trader, they may end up saying that that broker is a market maker because they aren't satisfied with the trading condition...of course it's hear say
  • #20
  • Nov 26, 2011 8:50pm Nov 26, 2011 8:50pm
Hi, has anyone else noticed pepperstone and axi showing the same fx prices on their platforms. does anyone know if they're actually the same broker
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