Brokers News

AxiTrader Launches U.S. Operations

Feb 07 2013 13:59:32 GMT
By
Hannah Levi , Forexbrokerz.com Find me on Google+

During the past few months, we haven't really reported any particularly good news about the U.S. retail forex market – mainly because there were no such news. The National Futures Commission (NFA) had gone on a witch hunt against isolated brokers and against the industry in general, and brokers kept withdrawing from the USA. 

 
Fortunately, earlier today the Australian AxiTrader has released some news to break that cycle: it is beginning to offer margin forex in the U.S. through the AxiTrader USA brand.
 
AxiTrader USA is the brand of the  AxiCorp USA, LLC company, operating out of Chicago, IL.The brokers US operations will be headed by Brian King, who has been with the company for a little less than a year now and has over 15 years of experience in the financial industry. 
 
“AxiTrader USA believes that US traders are entitled to a better deal than they’ve been getting. For too long now, traders have had to choose between a handful of large and dominant players who have not kept pace with traders’ increasingly sophisticated demands for a state-of-the-art service at competitive prices. We wouldn’t be happy trading with them, so why should US clients have to,” said King, commenting on the news. 
 
Setting up a brokerage in the United States is quite the hard task, and keeps getting harder – therefore AxiTrader has decided to take the introducing-broker approach and partner with ILQ, a large American institutional broker. This way, AxiTrader avoids the need to register as a FCM and present proof of $20 million in net capital. Instead, ILQ offers non-US brokers the opportunity to enter that market with a branded trading solution. 
 
AxiTrader USA customers will be able to trade via the Metatrader 4 (MT4) platform and enjoy good spreads – 1.5 pips on EUR/USD and USD/JPY, and 2.1 pips on GBP/USD for example. 
 
According to an official AxiTrader source, in the next two years the company expects AxiTrader USA to become one of the top 4 retail forex brokers in the States in terms of trading volumes. Frankly, I find such plans to be a bit too ambitious - after all, AxiTrader would need to catch up with companies like Forex.com, FXCM, Oanda and Interactive brokers who host the biggest numbers of active accounts - but time will tell. 
 
 

About AxiTrader

 
AxiTrader, headquartered in Sydney, is the largest independent Australian-owned and founded forex trading firm. AxiTrader currently services more than 18,000 accounts, with a combined trading volume of about $60 billion a month. The firm’s servers are located in several continents, facilitating trading services to AxiTrader clients worldwide.
 
AxiTrader’s key advantages include 2-way streaming interbank pricing on FX, spot gold, silver, oil, and indices; integrity on pricing with the most competitive spreads and consistent liquidity on the widest range of currency pairs; flexible trading sizes; risk-management tools; personalized customer service; etc. 
 
AxiTrader’s state of the art trading platform is a free and easy to use click and deal trading platform. 
TAGS: AxiTrader  NFA  forex trading  forex broker  IB  introducing broker  ILQ  Forex.com  FXCM  Oanda  IBFX  Interactive brokers 

More news about AxiTrader

More Forex Brokers News

Gain Capital acquires City Index for $118 million

Oct 31 2014 16:35:37

Gain Capital acquisition of City Index creates global leader in online FX/CFD trading, with over 235,000 funded accounts, $1.2 billion in customer assets and $3.1 trillion in annual trading volume. Read more

EXNESS and WWF have joined forces to restore tiger and leopard population

Oct 28 2014 17:36:55

As part of projects to protect animals, EXNESS and WWF Russia have joined forces to restore the Persian leopard population in the Caucasus and the Siberian tiger population in central Sikhote-Alin. Read more

GO Markets launches physical gold trading through MetalDesk platform

Oct 27 2014 16:21:23

GO Markets, one of Australia's largest forex brokers, announced the launch of  physical Gold, Silver and Platinum trading. Variety of bars and coins including Canadian maple leaf, American buffalo, Australian kangaroo and Chinese panda 1oz gold coins is available at a single press of a button. Read more

FBS integrates SafeСharge payment solution

Oct 24 2014 04:46:37

FBS, a CRFIN registered forex broker, today announced that it has integrated the SafeСharge online  payment solution. Payments in USD and EUR through SafeСharge are available any time and are processed instantly. . Read more

Plus500 revenue up 181% in Q3

Oct 23 2014 13:52:38

Plus500's marketing machine has managed to deliver 14 850 new customers for Q3 with average user acquisition cost up to $1005 from $632 a year earlier.  Given the 138% growth in average revenue per user, this has been money well spent. Read more

Alpari trading volumes up 31% in September

Oct 22 2014 23:29:27

Alpari, a global forex broker with  London, New York, Tokyo and Shanghai, today announced trading volumes in excess of $217 billion for the month of September. Read more

Oanda reports record-breaking trading volumes and new client registrations

Oct 20 2014 12:50:21

After FXCM and Forex.com, it's Oanda's turn to announce record trading volumes in September. With October 3rd being the busiest trading day ever, the Toronto headquartered forex broker has every reason to believe that the current month will be even better. Read more

DMM FX Australia launches a unique binary options platform

Oct 20 2014 12:19:48

DMM FX Australia, a Japanese owned ASIC regulated broker, has announced the launch of its own binary options trading platform. Read more

Oanda shuts down Currensee social trading network

Oct 10 2014 10:03:38

Oanda, one of the largest US forex bokers, yesterday announced that will shut down Currensee, its social trading network. The announcement comes as a surprise given that forex giant acquired the copy-trading network just a year ago. Read more

Hirose UK lanches binary options trading app for Android

Oct 09 2014 10:11:00

Following the successful launch of binary options trading earlier this year,  the FCA regulated broker Hirose Financial UK has announced the launch of the launch of binary options trading app for Android. Read more