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Why Choose Axi Trader?
AxiCorp is controlled by the Australian Securities and Investments Commission (ASIC) and holds Australian Financial Services License number 318232. AxiCorp Financial Services Pty Ltd is an Australian company developed to supply ingenious online monetary products and services.
Back in 2007, AxiTrader was founded on an easy idea: to be the broker we 'd want to trade with. We've because grown to end up being one of Australia's biggest and leading Forex brokers.
Voted # 1 for reliability amongst present FX traders. Our sincerity, transparency and stability sets us apart from our rivals. Utilising the world's most popular trading mt4 platform, our clients can access the most recent market data on forex trading profitable, CFDs and Indices and trade with consistently competitive rates. AxiTrader is known in the trading market for our remarkable, acclaimed client assistance. We're offered 24/5 to assist you on your trading journey.
Live Forex Spreads
INSTITUTIONAL-GRADE FX SPREADS
With AxiTrader you'll keep your trading expenses low with market-leading spreads throughout a large range of currencies, indices and commodities. Throughout liquid times our market-leading spreads can go as low as 0.0 pips, and we always guarantee they are amongst the most competitive available.
We want our infect be as transparent as possible, that's why we publish our average and live spreads for each currency pair. Plus, you can compare our live and historic spreads versus other brokers right now.
AxiCorp is managed by the Australian Securities and Investments Commission (ASIC) and holds Australian Financial Services License number 318232. AxiCorp Financial Services Pty Ltd is an Australian company established to offer innovative online financial items and services.
Using the world's most popular trading platform, our customers can access the newest market data on Forex, Indices and cfds and trade with regularly competitive rates.
CFD & Indices Basics
WHAT ARE CFDS?
CFD represents Contracts for Difference, with the difference being between where you enter a trade and where you exit. Basically, when the position is closed, you'll receive the profit or sustain the loss on that difference.
If you have actually bought gold for $1600, you do not forex auto trading systems have an ounce of gold that you can hold, rather you bought a contract from AxiTrader that will increase in value if the Gold price boosts. When you trade a CFD you're speculating on the movement of the price only, rather than standard stocks where you buy a physical asset. When integrated with leverage, CFDs provide you fast, flexible and economical exposure to a host of global financial products.
WHY TRADE CFDS?
- If you're looking to purchase the price movements of instruments, rather than acquiring physical assets
- To benefit from quick changes in the underlying instrument or security. This is popular with short-term investors wanting to profit from intra-day and overnight movements in the market
- To make the most of leverage and spread capital throughout a variety of different instruments instead of tie it up in a single investment (note: this technique can increase risk).
- As a risk management tool to hedge direct exposure.
EXAMPLE GOLD CFD TRADE.
The cost of gold is measured by its weight. The price shows how much it costs for one ounce of gold in United States dollars. For example, if the gold (XAUUSD) price is $1600.00, it implies an ounce of gold is traded at US$ 1600.00. Similarly, the price of silver is its rate per ounce in USD. It suggests that an ounce of silver is traded at US$ 28.00 if the silver (XAGUSD) cost is 28.00.
If you have purchased gold for $1600, you do not have an ounce of gold that you can hold, but you rather have the obligation to buy XAU at US$ 1600. You offer the XAU and close your exposure when you close your position. You have actually made profit of $5 for every ounce (unit) of gold in your contract if you offer it for $1605.00. The exact same concept uses to silver trading. If you have actually purchased silver (XAGUSD) for $28.00 and sell at $28.50, you would have made a profit of $0.50 for every single ounce of silver in your contract.
INDEX FUTURES ROLLOVERS EXPLAINED.
AxiTrader's Index contracts are based upon the appropriate futures exchange price. Futures contracts expire since they are associated to a conclusive date. There are numerous months traded and the forward costs can be greater or lower depending on market conditions.
In order to get rid of last day volatility, at AxiTrader we switch from using the front month contract into the second month's contract one trading day prior to the exchange expiry.
An example of this is when the Australian SPI contract for March expires. The June price requires to be utilized and the cost on the AxiTrader MT4 platform may increase or decrease depending on the value of the June contract relative to the March contract. This is obviously not a cost rise or fall in the SPI however simply a relocate to a new referral rate, therefore no profit or loss will be incurred as a result.
In order to ensure this does not influence our customers, a cash adjustment has to be made. This is described in the following examples:.
SPI March closes at 5050/5051 and SPI June opens at 5000/5001.
Your Position: 10 Buy agreements.
If your position is a Buy, it closes on the old Bid cost of 5050 and resumes on the new Ask cost of 5001. Your open trade P&L has actually made a loss due to the fact that you are in a Buy and the brand-new market rate has actually decreased. As a result you will receive a favorable adjustment amount in your swap column equivalent to the difference of the old bid and the new ask.
You will receive (5050-5001) * 10 agreements = $490AUD.
Your Position: 10 Sell agreements.
It closes on the old Ask rate of 5051 and reopens on the brand-new Bid rate of 5000 if your position is a Sell. Your open trade P&L has actually made a gain because you are in a Sell and the new market rate has decreased. As an outcome you will receive an unfavorable adjustment amount in your swap column equal to the difference of the old ask and the brand-new bid.
You will receive (5051-5000) * 10 contracts = -$ 510AUD.
Accounts will be cash changed on positions held at the following times:.
HSI Future-- Close of business on the day 3rd to last business day of the contract month.
CAC40 Future-- Close of business on the day before the 3rd Friday of expiry month.
DAX30 Future-- Close of business on the day before the 3rd Friday of expiry month.
S&P Future-- Close of business on the Wednesday the week before the 3rd Friday of expiry month.
FT100 Future-- Close of business on the day before the 3rd Friday of expiry month.
DJ30 Future-- Close of business on the Wednesday the week prior to the 3rd Friday forex trading profitable of expiry month.
SPI200 Future-- Close of business one day before the 3rd Thursday of expiry month.
OIL ROLLOVER EXPLAINED.
AxiTrader's oil contract (WTI) is based upon the ICE futures cost (Front-Spot Month). This futures price is the biggest cost benchmark for the worldwide oil market.
Due to the fact that they are associated to a definitive date, futures contracts expire. There are numerous months traded and the forward commodity prices can be greater or lower depending on market conditions.
In order to remove final day volatility, at AxiTrader we switch from utilizing the front month contract into the 2nd month's contract one trading day prior to the exchange expiry.
When the WTI (West Texas Intermediate) contract for September ends, an example of this is. The October cost has to be utilized and the rate on the AxiTrader MT4 platform might decrease or increase, depending on the value of the October contract relative to the September contract. This is certainly not a price rise or fall in oil however just a transfer to a new recommendation price and for that reason no profit or loss will be incurred as a result.
In order to guarantee this does not impact our customers, a cash adjustment requires to be made. This is explained in the following examples:.
Example 1: Long position of 1000 barrels.
September Contract closes @ $110.00.
October Contract opens @ $111.38.
Cash adjustment of-- $1,380 is made on account.
Profit of $1,380 is made on employment opportunity.
Net monetary impact is zero.
Example 2: Short position of 2000 barrels.
September Contract closes @ $110.00.
October Contract opens @ $111.38.
Cash adjustment of +$ 2,760 is made on account.
Loss of $2,760 is sustained on employment opportunity.
Net monetary impact is zero.
The cost of silver is its cost per ounce in USD. The June cost needs to be utilized and the rate on the AxiTrader MT4 platform might increase or decrease depending on the value of the June contract relative to the March contract. If your position is a Buy, it closes on the old Bid rate of 5050 and resumes on the new Ask rate of 5001. If your position is a Sell, it closes on the old Ask price of 5051 and resumes on the new Bid rate of 5000. The October cost requires to be utilized and the cost on the AxiTrader MT4 platform might increase or decrease, depending on the value of the October contract relative to the September contract.
AxiTrader is a registered business name of AxiCorp Financial Services Pty Ltd (AxiCorp). AxiCorp (ACN 127 606 348) is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL number 318232. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiCorp is not a financial adviser and all services are provided on an execution only basis. AxiCorp is authorised to provide general advice only and information is of a general nature only and does not take into account your financial objectives, personal circumstances. AxiCorp recommends that you seek independent personal financial advice. A Product Disclosure Statement (PDS) for our financial products and our Financial Services Guide (FSG) are available at www.axitrader.com or can be obtained free of charge by calling AxiCorp on 1300 888 936 (+61 2 9965 5830). The PDS and FSG are important documents and should be reviewed prior to deciding whether to acquire, hold or dispose of AxiCorp’s financial products or services. The information on this website is for Australian residents only.