AxiCorp Financial Services Pty Ltd is an Australian company that came into existence in the year of 2001 to acquire and operate a foreign exchange business. It later expanded to provide innovative online financial products and services such as CFD trading, Forex trading, trading indices, gold, oil and silver. AxiCorp has an Australian Financial Services Licence No 318232 which authorises it perform the following functions for both wholesale and retail clients:
- Provide advice for financial product
- Deal and create a market in foreign exchange contracts
- Deal and make a market in derivatives
The company has its office in Australia. The clients are provided support across various platforms that include email, live chat, phone, skype and web form. The company accepts a wide variety of order types like Market, Limit, Stop and OCO.
Types of Trading Accounts
There are several types of accounts for the clients to select according to their specific needs. The demo account, as the name indicates, is an account intended for demonstration only and hence, requires no money, though it simulates actual market conditions. Clients can select from a Standard account or an ECN account. While the Standard account requires a minimum account size of $250, the ECN account requires a minimum account size of $1000.
Pros and Cons
- 24 Hour Internet trading
- From 1 pip spreads on major currencies.
- Instant auto trade executions
- Flexible trading sizes
- Various order types for trading
- Personalised customer service
- Risk management in real-time.
The only point to be noted is that money invested with AxiCorp is held in Australia and invested under Australian Client Money Rules.
