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Why Choose Axi Trader?
We are Australia's Most Trusted Forex broker. AxiCorp is managed by the Australian Securities and Investments Commission (ASIC) and holds Australian Financial Services License number 318232. All cash received from clients are banked and held on trust and handled in accordance with the Australian Corporations Act 2001, and Regulations made there under. AxiCorp Financial Services Pty Ltd is an Australian business established to offer ingenious online financial items and services.
Back in 2007, AxiTrader wased established on an easy concept: to be the broker we had actually want to trade with. We've considering that grown to turn into one of Australia's biggest and leading acm forex trading platform brokers.
Using the world's most popular trading platform, our clients can access the most current market data on forex account managers, CFDs and Indices and trade with regularly competitive rates. AxiTrader is known in the trading market for our exceptional, award-winning customer support.
Live Forex Spreads
INSTITUTIONAL-GRADE FX SPREADS
With AxiTrader you'll keep your trading costs low with market-leading spreads throughout a wide variety of indices, products and currencies. During liquid times our market-leading spreads can go as low as 0.0 pips, and we constantly ensure they are amongst the most competitive offered.
We desire 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 historical and live spreads versus other brokers today.
AxiCorp is regulated 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 financial items and services.
Utilising the world's most popular trading platform, our clients can access the newest market data on Forex, CFDs and Indices 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. Put simply, 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 have an ounce of gold that you can hold, rather you bought a contract from AxiTrader that will increase in value if the Gold rate boosts. For instance, when you trade a CFD you're hypothesizing on the movement of the rate just, rather than traditional stocks where you buy a physical asset. When integrated with leverage, CFDs provide you quick, cost-effective and versatile exposure to a host of international financial products.
WHY TRADE CFDS?
- If you're wanting to purchase the rate movements of instruments, rather than purchasing physical assets
- To make the most of speedy fluctuations in the underlying instrument or security. This is popular with short-term financiers aiming to benefit from overnight and intra-day movements in the market
- To make the most of leverage and spread capital throughout a range of various instruments rather than 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 rate of gold is measured by its weight. The price reveals how much it costs for one ounce of gold in United States dollars. If the gold (XAUUSD) price is best broker for forex $1600.00, it means an ounce of gold is traded at US$ 1600.00. Likewise, the price of silver is its rate per ounce in USD. If the silver (XAGUSD) price is 28.00, it indicates that an ounce of silver is traded at US$ 28.00.
If you sell it for $1605.00, you have actually made profit of $5 for every ounce (system) of gold in your contract. If you have bought silver (XAGUSD) for $28.00 and offer at $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 contracts are based upon the pertinent futures exchange price. Futures contracts expire because they are related to a conclusive date. There are numerous months traded and the forward rates can be greater or lower depending upon market conditions.
In order to get rid of final day volatility, at AxiTrader we change 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 expires. The June price needs to be used and the price on the AxiTrader MT4 platform may increase or decrease depending upon the value of the June contract relative to the March contract. This is clearly not a rate rise or fall in the SPI but just a transfer to a brand-new referral cost, for that reason no profit or loss will be incurred as a result.
In order to guarantee this does not affect our clients, a cash adjustment needs 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 contracts.
If your position is a Buy, it closes on the old Bid cost of 5050 and resumes on the brand-new Ask cost forex account managers of 5001. Since you are in a Buy and the new market price has actually reduced, your open trade P&L has actually 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 new ask.
You will get (5050-5001) * 10 agreements = $490AUD.
Your Position: 10 Sell contracts.
It closes on the old Ask rate of 5051 and resumes on the new Bid price of 5000 if your position is a Sell. Your open trade P&L has actually made a gain since you are in a Sell and the new market price has decreased. As an outcome you will receive a negative adjustment amount in your swap column equal to the difference of the old ask and the brand-new bid.
You will get (5051-5000) * 10 contracts = -$ 510AUD.
Accounts will be money 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 prior to 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 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 rate is the largest cost standard for the worldwide oil industry.
Futures contracts expire since they are related to a conclusive date. There are many months traded and the forward commodity prices can be higher 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 second month's contract one trading day prior to the exchange expiry.
An example of this is when the WTI (West Texas Intermediate) contract for September ends. The October price needs to be used and the cost on the AxiTrader MT4 platform might decrease or increase, depending upon the value of the October contract relative to the September contract. This is clearly not a price rise or fall in oil however simply a relocate to a brand-new reference price and therefore no profit or loss will be incurred as an outcome.
In order to ensure this does not affect our clients, a cash adjustment has to be 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 monetary effect 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 open position.
Net monetary result is absolutely no.
The price of silver is its cost per ounce in USD. The June cost needs to be utilized and the rate 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 cost of 5050 and resumes on the brand-new Ask rate of 5001. If your position is a Sell, it closes on the old Ask price of 5051 and resumes on the brand-new Bid rate of 5000. The October cost needs to be used and the price 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 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.