axitrader

This broker confuses the hell out of me.

Firstly, they have an "ECN style Forex" trading account. Really? Could someone please explain that to me as if I were a child?

And please combine that with a quote from their policies: In other words, if I make money, they lose money?

I have axi trader demo account and have spoken to these guys on the phone.. From what my take is they make money on spread and that is all. They loan money from the 6 biggest banks in Australia and are not market makers (meaning Thier graphs and info is legit) they shouldNt stop you out on a trade as they only make money on spread. From what I can see and have researched they are legit and will be who I put real money into.

They will however, chase you for money if you are unlucky (and stupid) enough to go pass your margin call and loose out big time. You will owe banks more then your initial investment. They use 20% stop loss but be carefull not to be to risky I guess.

I'm still noob so I'd love to hear about any guys with real money accounts with Axi trader.

That counterparty in policies freak me out but... I don't like that..

It might be because the have two different account types. Anyway, I think that Axitrader is the same as Pepperstone. However, the latter has 0.01 lot sizes instead of 0.1.

I might go for pepper. Asked some feedback from people who traded with them in the past and I'm, waiting for replies.

Hi,

Currently a user of Axitrader, been trading with these guys for a year and a half, the first year i've been consistently losing money but had no problem withdrawing funds.

Also, never encountered a problem with the server although sometimes the feed may be a bit laggy to execute or close an order, but overall a very minor issue.

As i am starting to make money now due to a consistent trading plan i have just been browsing the forum in regards to the safety of my funds. Just wondering whether they will take my funds or do stuff with my account, I would like to research more about them, went through their entire website and documentations and stuff, seems pretty legit, if anyone else has experience with this broker esp. those that have a decent amount invested over 50k would really appreciate it.

Also like someone mentioned, do they take an automatic position opposite to you or do they just make money off the spread?

Onitay, why would you post exactly the same comment on 2 different axitrader dicussions?

I smell a shill going on here, a little too much axitrader promotions me thinks.

If you haven't been locked out of trading with axi, you soon will.

Sorry if I made a mistake I thought writing in both would give me a greater chance of a response.