ASIC issued the suspension on January 2nd because it found shortfalls in several key administrative areas within AxiCorp’s Australia operations. The company also mentioned the importance of compliance-related matters. Please declare your traffic by updating your user agent to include company specific information. According to reviews on Glassdoor, employees commonly mention the pros of working at AxiCorp Financial Services to be compensation, benefits, coworkers and the cons to be career development, senior leadership, management. Could be good experience for the right candidate, depending on your level and which department you join.

You can search for products easily by typing the name of the product or by navigating the category folders. The search functions are average.You can find the assets in categories. However, we missed the usual search function when you can type in an asset’s name manually. A bank transfer can take several business days, while payments with a credit/debit card or electronic wallets are instant.

Yohannan added that Australia is a key growth market for Axi as it expands its products and services. The Axi team is full of people with decades of financial industry experience and knowledge of almost every aspect of trading. The Axi team blog, in addition to regular posts from our daily market analysis contributors, is a place to share wider insights and ideas.

How We Ranked Fees

The deal was reportedly worth approximately $28 million in a stock-for-stock transaction, reportedly Arbinet shareholders will own approximately 23% of the combined company and Primus shareholders are expected to own approximately 77% of the combined company. Later that year they were recognised by Deloitte & Touche as the fastest growing technology company according to their Fast 500 ranking, an award subsequently won by eBay in 2001 and Google in 2004. Primus continued their network expansion by furthering their relationship with Qwest, they signed an agreement to purchase capacity for their nationwide fiber optic cable ring and connecting routes.

The public consultation on digital currencies and digital currency exchange providers closes on 20 April 2021. The Australian Transaction Reports and Analysis Centre’s media release can be found here. Furthermore, neither BrokerChooser nor any of its affiliates provides any tax, accounting or legal advice either, hence if you require advice in relation to such matters, you should consult your respective tax, accounting or legal advisors.

It also allows them to see their trading performance via third-party audits. MT4 WebTrader also makes an ideal replacement for the traditional MT4 application in terms of functionality and mobility. The MT4 WebTrader is perfect for using its custom scripts to access a trading account on the go. The feature ensures that no trader accounts lose money when trading remotely from their mobile devices or web browsers. The technology suite of AxiTrader includes the MetaTrader 4 trading platform, its web app version, Myfxbook, and some additional APIs.

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Its high cash flow generation is further supported by the ability to register an impressive dividend payout ratio. Over the years, it has significantly increased its growth margin due to its process automation, market maturity, and mobile trading. The broker has market-competitive spreads across a wide range of commodities, currencies, and indices. During liquidity, the spreads fall lowest to 0.0 pips, and AxiTrader adheres to ensure that the costs stay competitive.

  • A long-distance telephone company based in Fairfield, Iowa with 350,000 customers around the world, Telegroup was in Chapter 11 bankruptcy before Primus purchased their assets for $72 million.
  • Selected companies also have the privilege to allow broker-to-broker transfers where a user can transfer their funds from one account to another within the AxiTrader brokerage.
  • AxiTrader platforms do not require upgrades as the service delivers them with their most powerful versions.
  • Wigney J subsequently made orders compelling Maxi EFX’s compliance with the s 33 notice.
  • After you download the MT4 mobile trading platform, you have to access the Axi-Live server.

This practice eliminates the misconception that new accounts lose money when trading forex. This regulatory suspension, however, has no impact on the international clients that AxiTrader LTD operates. Hence, AxiCorp LTD, which runs AxiTrader, has not suffered any license suspension.

Are Forex Only Brokers Beginning To Understand They Need To Expand Into Other Assets?

Islamic trading accounts featuring no swap fees or interest payments. The broker delivers its services for hard and soft commodities, including 31 equity CFDs and 6 cryptocurrency CFDs. The asset selection of this broker is quite limited, which makes a proper diversification of cross-assets unfeasible. AxiTrader – one of the best forex broker Australia that is offering its service for more than 70 currency pairs.

She has received two Indian national awards—Padma Shri and Padma Bhushan for her pioneering efforts in Industrial Biotechnology. The short answer is yes; AxiTrader stands out as a safe and reliable broker. So you can open Eurobond an account with it by going through our AxiTrader review content above, where all aspects of this platform are covered. Training-wise, AxiTrader follows a similar approach by relying on the PsyQuation Premium tool.

We use over 50,000 data points and a consistent, fact-based methodology. Primus’ global expansion continued in 1997 with key acquisitions and international network expansion. They completed the build and activation of their Australian switched network, international gateway switches in New York and Los Angeles and trans-Pacific links.

Verify your identity and residency by uploading either a copy of your ID card, driver’s license or passport, and uploading a copy of a recent utility bill or bank statement. Answer a couple of questions that assess your level of trading experience. “HC2 Holdings acquired the low power TV stations of Mako Communications – MandA Business News”. In May 2019, HC2 Holdings announced they were acquiring a full-power station from Lowcountry Media for $2.6 million. WBEH-CD of Miami, Florida and WSPF-CD of St. Petersburg, Florida were sold by WPMF Miami LLC for $3.7 million.

Messy Business

Tokyo led the way on Asian equity markets, with the Nikkei 225 up 1.3 percent by the break, Hong Kong rose 0.3 percent, while Seoul and Sydney added 0.4 percent. Investors applauded the WHO’s move, plunging back into markets that have lost altitude over recent days as the 2019-nCoV crisis has worsened. But Tedros said there was “no reason” for any of the international travel or trade restrictions announced in recent days. After saying last week they needed more information, the WHO invoked the rarely used designation that experts hope will lead to better international co-ordination to combat a disease that has already killed 200 people, and sickened thousands more.


Under ‘Learn to Trade’, you can find seminars and webinars to watch. However, we found that these are only scheduled for certain language pages, with many of them indicating loading errors at the time of the review. You can find the main educational tools under the ‘Learn to Trade’ menu at top of the page.

Banking Technology February 2022 Issue Out Now

Since there is a high risk of losing money when trading forex, it is important to decode the complicated trading process and implement some effective trading strategies. Things become simpler when trading brokers offer their financial services to assist trading strategy people in their trader journey. In March 1999, Primus’ Canadian subsidiary purchased Toronto-based London Telecom Group Inc. Earlier in the year Primus also purchased GlobalServe Communications, a privately owned Canadian Internet Service Provider.

This month the first trades were completed on the platform by FXCM, AxiCorp, Velocity Trade and leading electronic market makers. During the suspension, AxiCorp is permitted to act as a derivatives issuer in respect of a regulated offer of derivatives for the sole purpose of entering derivatives with existing clients in order to close out any open positions AxiCorp has with existing clients. The FMA considers that AxiCorp has demonstrated that it does not have adequate systems, processes, or resources in place to ensure compliance with FMCA or to effectively perform services under a licence. AxiCorp also contravened its licence conditions by failing to notify the FMA as soon as practicable of a change to senior or other key staff, following the appointment of its CFO. On 22 April 2021, ASIC released for consultation a draft regulatory guide on the reforms to the breach reporting regime introduced by the Financial Sector Reform Act which are set to commence on 1 October 2021.

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