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Why Choose Axi Trader?
We are Australia's Most Trusted Forex broker. AxiCorp is controlled by the Australian Securities and Investments Commission (ASIC) and holds Australian Financial Services License number 318232. All cash gotten from customers are banked and held on trust and dealt with in accordance with the Australian Corporations Act 2001, and Regulations made there under. AxiCorp Financial Services Pty Ltd is an Australian business developed to provide ingenious online monetary services and products.
Back in 2007, AxiTrader wased established on an easy concept: to be the broker we 'd desire to trade with. We've since grown to become one of Australia's biggest and leading Forex brokers.
Voted # 1 for reliability among existing FX traders. Our honesty, openness and stability sets us apart from our rivals. Utilising the world's most popular trading platform, our clients can access the most recent market data on forex money management spreadsheet excel, CFDs and Indices and trade with consistently competitive rates. AxiTrader is understood in the trading industry for our remarkable, award-winning consumer 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 wide variety of currencies, products and indices. Throughout liquid times our market-leading spreads can go as low as 0.0 pips, and we always ensure they are amongst the most competitive readily available.
We want our spreads to be as transparent as possible, that's why we release our average and live spreads for each currency risk management in banks pair. Plus, you can compare our live and historic spreads against 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 business established to provide innovative online monetary products and services.
Making use of the world's most popular trading platform, our clients 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 in 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 bought gold for $1600, you do not have an ounce of gold that you can hold, rather you purchased a contract from AxiTrader that will increase in value if the Gold price boosts. For instance, when you trade a CFD you're speculating on the movement of the rate just, instead of standard stocks where you buy a physical asset. When integrated with leverage, CFDs give you fast, economical and flexible exposure to a host of international financial items.
WHY TRADE CFDS?
- If you're looking to invest in the price movements of instruments, rather than purchasing physical assets
- To benefit from quick fluctuations in the underlying instrument or security. This is popular with short-term financiers looking to benefit from overnight and intra-day movements in the market
- To benefit from leverage and spread capital throughout a variety of different instruments instead of tie it up in a single investment (note: this approach can increase risk).
- As a risk management tool to hedge exposure.
EXAMPLE GOLD CFD TRADE.
The rate of gold is determined by its weight. Therefore, the price shows how much it costs for one ounce of gold in United States dollars. For example, if the gold (XAUUSD) cost is $1600.00, it means an ounce of gold is traded at US$ 1600.00. The cost of silver is its cost per ounce in USD. If the silver (XAGUSD) cost is 28.00, it indicates that an ounce of silver is traded at US$ 28.00.
If you have actually 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 sell the XAU and close your exposure when you close your position. If you sell it for $1605.00, you have actually made profit of $5 for each ounce (system) of gold in your contract. The exact same idea uses to silver trading. If you have actually purchased silver (XAGUSD) for $28.00 and cost $28.50, you would have made a profit of $0.50 for every ounce of silver in your contract.
INDEX FUTURES ROLLOVERS EXPLAINED.
AxiTrader's Index agreements are based on the pertinent futures exchange cost. Futures contracts expire since they belong to a conclusive date. There are lots of months traded and the forward rates can be greater or lower depending on market conditions.
In order to remove last 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.
An example of this is when the Australian SPI contract for March ends. The June price has to be used and the rate on the AxiTrader MT4 platform might increase or decrease depending upon the value of the June contract relative to the March contract. This is undoubtedly not a rate increase or fall in the SPI however just a move to a brand-new recommendation rate, therefore no profit or loss will be sustained as an outcome.
In order to guarantee this does not impact our clients, a cash adjustment has to be made. This is described in the copying:.
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 reopens on the brand-new Ask rate of 5001. Due to the fact that you are in a Buy and the brand-new market price has decreased, your open trade P&L has made a loss. As a result you will get a favorable adjustment quantity in your swap column equivalent to the difference of the old bid and the brand-new ask.
You will receive (5050-5001) * 10 contracts = $490AUD.
Your Position: 10 Sell agreements.
It closes on the old Ask rate of 5051 and reopens on the brand-new Bid cost of 5000 if your position is a Sell. Your open trade P&L has actually made a gain due to the fact that you are in a Sell and the new market rate has actually decreased. As an outcome you will receive an unfavorable adjustment quantity in your swap column equal to the difference of the old ask and the new bid.
You will get (5051-5000) * 10 contracts = -$ 510AUD.
Accounts will be money adjusted 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 prior to the 3rd Friday of expiry month.
FT100 Future-- Close of business on the day prior to the 3rd Friday of expiry month.
DJ30 Future-- Close of business on the Wednesday the week before the 3rd Friday 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 on the ICE futures price (Front-Spot Month). This futures price is the largest cost benchmark for the international oil market.
Futures contracts expire because they belong to a conclusive date. There are numerous months traded and the forward commodity prices can be greater or lower depending upon market conditions.
In order to remove last day volatility, at AxiTrader we switch from using 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 expires, an example of this is. The October cost has to be used and the price on the AxiTrader MT4 platform might decrease or increase, depending upon the value of the October contract relative to the September contract. This is obviously not a rate rise or fall in oil however just a relocation to a brand-new referral price and for that reason no profit or loss will be incurred as a result.
In order to ensure this does not affect our customers, a cash adjustment requires to be forex money management spreadsheet excel made. This is described in the copying:.
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 open position.
Net financial effect is no.
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 incurred on open position.
Net financial result is zero.
The rate of silver is its price per ounce in USD. The June rate needs to be used 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. If your position is a Buy, it closes on the old Bid forex money management spreadsheet excel cost of 5050 and resumes on the new Ask price of 5001. If your position is a Sell, it closes on the old Ask cost of 5051 and resumes on the brand-new Bid price of 5000. The October cost needs to be used and the rate on the AxiTrader MT4 platform may 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 forex account manager 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.