Overview of Axiom Traders
Axiom Traders, founded in 2019 and headquartered in Belize, offers a range of trading instruments, including Forex, stocks, indices, cryptocurrencies, metals, and energy commodities. The brokerage provides various account types to suit different trading needs, with leverage of up to 500:1. Axiom Traders' trading platforms, such as the ARK Trader platform, offer advanced features for desktop and mobile trading. However, it's important to note that Axiom Traders is not regulated, which could pose higher risks for traders.
Is Axiom Traders Legit？
Axiom Traders is not currently regulated. This means that it does not fall under the oversight of any regulatory body, which could potentially expose investors to higher risks. It's important for anyone considering trading with them to carefully evaluate the risks involved and consider other regulated alternatives.
Pros and Cons
Axiom Traders offers a diverse range of trading instruments and account types, providing flexibility for traders with different preferences. The broker's ARK Trader platform is user-friendly and accessible across multiple devices, allowing for seamless trading experiences. However, one of the major drawbacks is its lack of regulation, which could raise concerns about the safety of funds and the integrity of the trading environment. Traders should carefully consider this aspect before choosing to trade with Axiom Traders.
Trading Instruments
Axiom Traders offers a wide range of trading instruments, including:
- Forex: 300+ currency pairs across core and emerging markets on 20+ exchanges worldwide.
- Stocks & Indices: Trade equities and global indices.
- Cryptocurrency: Trade major cryptocurrencies like Bitcoin and Ethereum.
- Metals & Energy: Trade metals like Gold and Silver, and energy commodities like Brent Crude Oil, WTI, Natural Gas, and Coal.
Here is a comparison table of trading instruments offered by different brokers:
Account Types
Axiom Traders offers a variety of account types to suit different trading needs:
1. Standard Account: Minimum Deposit $5,000, Leverage up to 500:1, Spreads from 1.5 pips, No commission, Instruments - FX & CFDs.
2. Mini Account: Minimum Deposit $1,000, Leverage up to 500:1, Spreads from 1.8 pips, No commission, Instruments - FX & CFDs.
3. Micro Account: Minimum Deposit $200, Leverage up to 500:1, Spreads from 1.8 pips, No commission, Instruments - FX & CFDs.
4. Islamic Account: Minimum Deposit $200, Swap-free account for traders following Islamic principles.
5. ECN Account: Minimum Deposit $10,000, Direct access to interbank market, Tighter spreads, Commission charged on trades.
6. STP Account: Minimum Deposit $10,000, Straight Through Processing, Fast execution, Competitive spreads.
7. Managed Account: Minimum Deposit $5,000, Professional trader manages trading on behalf of account holder for a fee or share of profits.
8. Premium Account: Minimum Deposit $25,000, VIP account with additional features, benefits, and personalized support.
Each account type has its own minimum deposit requirement, leverage, spread, and other features tailored to different trading preferences and experience levels.
How to Open an Account
To open an account with Axiom Traders, follow these steps.
Visit the Axiom Traders website. Look for the “Get Started” button on the homepage and click on it.
Sign up on websites registration page.
Receive your personal account login from an automated email
Log in
Proceed to deposit funds to your account
Download the platform and start trading
Leverage
Axiom Traders offers leverage of up to 500:1 on its trading accounts.
Here is a comparison table of maximum leverage offered by different brokers:
Spreads and Commissions
Axiom Traders offers spreads starting from 1.5 pips on its Standard Account with no commissions. For ECN accounts, tight spreads are offered, and commissions are charged on trades.
Deposit & Withdraw Methods
There are several options for depositing funds, including Bank Transfers, Cheque, Credit Card, Global Collect like Skrill, Google Pay, Western Union, Money Gram and Direct Deposit.
Trading Platforms
Axiom Traders' ARK Trader platform offers a comprehensive trading experience with advanced quote views, fast execution, and the ability to trade on desktop, mobile, and web. The platform provides access to trade history, news, and analysis tools, making it suitable for both beginner and experienced traders.
Customer Support
Axiom Traders provides customer support through various channels, including email (info@axiom-traders.com) and a contact form on their website. Their support team is available from Monday to Friday, 09:00 AM to 09:00 PM GMT +4.
Educational Resources
Axiom Traders offers educational resources through their Forex Trading Blog, covering topics like the pros and cons of automated trading, how automated forex trading works, basic rules for trading forex, and a beginner's guide to forex trading.
Bonus
Axiom Traders offers a bonus program with different bonus types:
- 30% Bonus: Offered for active accounts with deposits of $200 and above.
- 50% Bonus: Offered for active accounts with deposits of $500 and above.
- 100% Bonus: Offered for new account activations with deposits of $1,000 and above.
Conclusion
In conclusion, Axiom Traders offers a wide range of trading instruments and account types, providing traders with flexibility and choice. The user-friendly ARK Trader platform enhances the trading experience, making it accessible across different devices. However, the lack of regulation is a significant disadvantage, as it may raise concerns about the safety of funds and the overall integrity of the trading environment. Traders should carefully weigh these factors when considering Axiom Traders as their brokerage choice.
FAQs
Q: Is Axiom Traders regulated？
A: No, Axiom Traders is not currently regulated.
Q: What trading instruments are available on Axiom Traders？
A: Axiom Traders offers Forex, stocks, indices, cryptocurrencies, metals, and energy commodities.
Q: What account types does Axiom Traders offer？
A: Axiom Traders offers Standard, Mini, Micro, Islamic, ECN, STP, Managed, and Premium accounts.
Q: What is the minimum deposit required to open an account with Axiom Traders？
A: The minimum deposit varies depending on the account type, ranging from $200 to $25,000.
Q: What is the maximum leverage offered by Axiom Traders？
A: Axiom Traders offers leverage of up to 500:1.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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