Risk Warning
Online trading involves huge risks and you can lose all 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 contained herein is for general information purposes only.
General information and regulations of Axe Market
Axe Market is an unregulated online forex broker registered in United Kingdom with a history of no more than 1 year.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, commodities, metals, energy, cryptocurrencies, stocks, CFDs .....Axe Market allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Axe Market.
Spreads and commissions for trading with Axe Market
Axe Market does not detail on its website additional trading costs such as spreads, commissions, SWAPs, etc. These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with Axe Market, we recommend that you take the time to calculate these transaction costs.
Account Types for Axe Market
Demo Account: Axe Market provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: Axe Market offers a total of 5 account types: bronze, silver, gold, premium and platinum. The minimum deposit to open an account is $10,000, $25,000, $50,000, $100,000 and $250,000 respectively. We must admit that the threshold to open an account at Axe Market is quite demanding.
Trading platforms offered by Axe Market
La plataforma de negociación de la empresa es una plataforma de desarrollo propio adecuada para operadores principiantes.
Leverage offered by Axe Market
You can't find information about trading leverage on Axe Market's website. Some forex brokers offer leverage of up to 1:500, but newbies are advised to be cautious about such high leverage.
Deposit and withdrawal methods and fees
In terms of deposit and withdrawal, like many good brokers, Axe Market provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc. The feasible payment methods are VISA, Mastercard, maestro and banl transfer.
Educational resources
There is no education section on the Axe Market website. Many brokers are able to provide a variety of educational resources such as video courses, seminars, e-books, related articles, glossaries that provide some basic knowledge about trading. This is not the case with Axe Market.
Customer support of Axe Market
Below are the details about the customer service.
Language(s): English, French
Service Hours: 24/7
Phone Number: +442045773996
Address: 2 FREDERICK STREET KINGS CROSS , LONDON, UNITED KINGDOM, WC1X 0ND
Users exposures on WikiFX
We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.
Advantages and disadvantages of Axe Market
Advantages:
Many instruments available
Disadvantages:
No effective regulation
Few information available
Few deposit and withdrawal methods
No MT4/MT5
High initial deposit amount
Frequent asked questions about Axe Market
Is this broker well regulated？
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
¿Qué importe necesito para abrir una cuenta con este broker？
De los distintos tipos de cuenta, la cuenta bronze tiene el depósito inicial más bajo, de 100,000 dólares.
2023-02-28 12:27
2022-12-16 14:24
