Company Profile
Company Profile
Review summary
General Information & Regulation
Axedo is a St. Vincent and the Grenadines registered spread trading and CFD provider that is not currently subject to active regulation.
Market Instruments
Axedo offers investors a range of financial instruments, including forex currency pairs, commodities, indices, precious metals, stocks, and cryptocurrency CFD products.
Minimum Deposit
Axedo offers three different types of trading accounts: the Juice account (minimum deposit of $250), the Tequila account (minimum deposit of $1,000), and the Whiskey account (minimum deposit of $10,000).
Axedo Leverage
With regard to trading leverage, the maximum trading leverage offered by Axedo for forex trading is up to 1:500. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Spreads & Commissions
Axedo Juice accounts have a fixed spread of 3 pips on EURUSD, which is significantly higher than the industry standard. Most regular brokers offer EURUSD spreads between 1.1 pips and 1.5 pips. Information on EURUSD spreads in Tequila and Whiskey accounts are not fully disclosed.
Trading Platforms
Regarding trading platforms, Axedo offers a choice of Status Web Trader and MT4 trading platforms. However, Axedo's MT4 platform is offered by a third-party company.
Deposit & withdrawal
Last but not least, Axedo supports VISA, MasterCard, Piastrix, and other popular e-wallet payment methods such as Skrill, Neteller, and others.
Axedo Pros & Cons
Axedo Advantages Include:
1. Two trading platform options
Axedo Disadvantages Include:
1. No regulation
2. High minimum deposit requirements for accounts
3. High spreads
4. Limited access to deposit and withdrawal options
5. MT4 is provided by a third-party company
