Axitrader US: Anyone using them or know about them? | Forex Factory

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Axitrader US: Anyone using them or know about them?

  • #1
  • First Post: Edited 9:07am Apr 27, 2013 8:10am | Edited 9:07am
Hi I was just wondering if anyone has heard, or used, or have any information about Axitrader US ( i know they just recently opened an office in US)?
Also any recommendations for brokers that take US clients would be helpful. Also if anyone knows a reputable broker that takes US clients with more than a 50:1 leverage please let me know. Thanks in advance
  • #2
  • Apr 28, 2013 3:09pm Apr 28, 2013 3:09pm
compared to ICM, they do not have the lowest spreads, but this is their AU site. however, they do have a usa site to target usa clients, but spreads from 1.1 pips isn't really favorable in my opinion. their usa site doesn't have a lot of info in terms of account types and so on so would probably avoid them if you are in usa.
  • #3
  • Last Post: Edited 11:59pm Apr 28, 2013 11:40pm | Edited 11:59pm
Quoting cadx82
Also if anyone knows a reputable broker that takes US clients with more than a 50:1 leverage please let me know. Thanks in advance
This question is often asked in this forum and the reply is always the same: no "reputable" broker will risk being shut down or fined by CFTC/NFA for accepting US clients with more than 50:1 leverage.

Quoting jhehe
compared to ICM, they do not have the lowest spreads, but this is their AU site. however, they do have a usa site to target usa clients, but spreads from 1.1 pips isn't really favorable in my opinion. their usa site doesn't have a lot of info in terms of account types and so on so would probably avoid them if you are in usa.
You're talking about the true ECN accounts between AxiTrader AU (min 0.1 lot) and IC Markets AU (min 0.01 lot). But for their USA offering, it is not ECN but Standard or "Classic" account with 1.1pips spread and accepting micro lot 0.01. Basically an introducing broker for ILQ.
No longer trading forex. Looking for full time job.
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