Forex

Brokers News

AxiTrader Launches U.S. Operations

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

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
UK, Australia FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Cyprus CySEC MT4, MT5,
cTrader
$300 Review Website
Belize IFSC MT4, MT5 $100 Review Website
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review Website
Seychelles FinaCom MT4 $10 Review Website
Belize IFSC MT4, Web $500 Review Website
Cyprus CySEC MT4, Web $25 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website

More Forex Brokers News

FXTM becomes a sponsor of rookie IndyCar driver Ed Jones

May 26 2017 12:42:01

Unlike most forex and binary options brokers that ink sponsorship deals with football teams, FXTM is into more adrenaline-driven sports. The broker today announced yet another sponsorship agreement– with rookie IndyCar driver Ed Jones. Read more

FXChoice comes up with a new loyalty programme, Pips+

May 25 2017 07:13:15

As a part of its continuous effort to update its services and offer better trading conditions, forex broker FXChoice launches of Pips+, its new loyalty programme. Pips+ is designed to reward the most active traders by reducing their trading costs up to $1.5 per standard lot on EUR/USD. Read more

ThinkMarkets buys mobile app Trade Interceptor

May 23 2017 11:21:40

Leading global brokerage ThinkMarkets announced on Tuesday it has acquired Trade Interceptor, which currently is one the world’s fastest growing mobile trading apps. Read more

Forex

Spain’s CNMV warns against non-regulated TradeV, among other brokerages

May 22 2017 14:30:34

Spain’s financial watchdog, the Comision Nacional del Mercado de Valores (CNMV), has issued warnings against TradeV (tradev.com), and several other unregulated forex and binary options brokers. Namely, these are TorOption (toroption.com), OptionCM (option-cm.com), 53Option (53option. Read more

Forex.com to launch affiliate program

May 17 2017 07:51:31

Gain Capital, the largest forex broker on the US market, announced the launch of new affiliate program, called GAIN Affiliates. This is a performance based program offered to affiliate partners of multiple retail trading brands of Gain Capital - CityIndex & Finspreads first, and Forex. Read more

Global Brokerage announces poor financial metrics for Q1, will probably delist from the Nasdaq

May 16 2017 08:01:39

Global Brokerage, Inc. (formerly FXCM Inc.) released on Tuesday poor financial metrics for Q1 of 2017, which are hardly surprising after the company’s dramatic exit from the US market. Read more

Windsor Brokers adds CFDs on currencies and metals to product portfolio

May 15 2017 11:53:07

Windsor Brokers, a Cyprus-regulated forex and CFD broker, announced previous week that it launches CFDs on currency futures and metals to its MetaTrader 4 account. Read more

IG starts offering retail IPOs on investment platform

May 04 2017 13:40:53

IG, one of the largest forex, CFD and spread betting (UK only) brokers said it starts offering retail IPOs on its Investment Platform. Read more

IG changes margin requirements, tiering structure

May 03 2017 08:37:26

IG, one of the largest forex, CFD and spread betting (UK only) brokers, informed its clients that it is lowering the margin requirements on some of the tradable instruments in its portfolio – the Japan 225 index, spot gold and some forex pairs. Read more

easyMarkets’ proprietary platform now available as mobile app

Apr 26 2017 13:57:53

As trading on the go becomes increasingly popular among traders, easyMarkets, a global forex broker regulated in Cyprus and Australia, announced the launch of its new mobile app on Wednesday. Read more

Forex