AxiTrader is the fifth forex broker added by Myfxbook to AutoTrade in just the past month.

Myfxbook is on a roll in Australia. The social trading and copy trading service provider has added Australian’s leading forex broker AxiTrader (a member of LeapRate’s Approved List of global regulated forex brokers) to its growing list of outfits which link to Myfxbook’s AutoTrade copy trading network.

The announcement comes just several days after we reported that Myfxbook had signed up Australian broker ThinkForex to AutoTrade. Earlier this month Myfxbook also added Panama-based forex broker IamFX as well as Armada Markets, an Estonia-based IB of UK broker LMAX.

The value of any network increases (exponentially, some would argue) with the addition of more nods to that network. And that is exactly what Myfxbook is doing. With Currensee now owned by Oanda, the number of independent social trading networks has narrowed, with Myfxbook and Leverate’s Sirix multi-broker network leading the charge to fill the void.

To see the Myfxbook press release on AxiTrader click here.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.