ValueWalk’s Q&A session with AxiTrader, discussing what the company does, regulations for brokers, if they serve retail or institutional clients, their views on binary options and CFD trading, how they differ from other BDs, the products they offer, and the popular assets these days.
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Can you tell us about your background?
AxiTrader goes back to 2007 when it launched in Sydney as a two person startup. That made Australia our natural home market but, right from the beginning, the aim was always to take the company global. We opened a subsidiary in the UK pretty early on but the initial years were probably characterised by gentle but steady growth – just finding our place in the market. Things have changed a lot though, especially in the last couple of years where we’ve really been rocketing forward and expanding across the world. It might be something to do with getting through those first 10 years – which is a milestone in itself – but whether you look at it in terms of geographic spread, technical capability, trading volume or number of clients, AxiTrader is far bigger and better than it’s ever been before.
Can you briefly describe AxiTrader?
In a nutshell, AxiTrader is an online broker. When someone wants to trade a product electronically – for example currencies, CFDs, metals, commodities, cryptocurrencies or indices – we’re the conduit between them and the open market. Basically, a client opens a trading account and we give them access to the software they’ll need to trade, educational resources to help them get going, customer support and technical expertise. Once people are with us we also offer a lot of extra things like advanced trading and management tools.
What people might not be so aware of is that AxiTrader is the largest cog in the far more multifaceted financial services business of AxiCorp. Alongside AxiTrader we also have AxiPrime which is a specialist broker for institutional grade clients, AxiSelect which is a funding and development pathway for talented traders, AxiForex as a specialist payment provider – amongst others. We also have deep partnerships with associated trading-focused businesses like PsyQuation. Essentially that makes us a one stop shop for anything related to trading!
Every country has different regulations regarding brokers – what countries do you deal with? Is it open to US investors?
We service clients pretty much everywhere, although there are a handful of exceptions for some high risk regions, and for countries – like USA and Japan – which don’t allow for residents to deal with overseas based brokers. As a licensed and regulated broker we place a huge amount of importance on ensuring we operate within regulatory boundaries.
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