Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

AxCap247

United Kingdom|10-15 years|
Regulated in United Kingdom|Institution Forex License (STP)|MT4/5 White Label|Regional Brokers|High potential risk|

https://www.axcap247.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
AxCap247-Demo MT4
Server Location United Kingdom

Contact

+44 (0) 203 026 0320
support@axcap247.com
https://www.axcap247.com/
27 Clements Lane, London, EC4N 7AE, United Kingdom

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 (0) 203 026 0320

Broker Information

More

Company Name

Axis capital Markets Limited

Company Abbreviation

AxCap247

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2024-03-29
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The United KingdomFCA (Regulatory number: 589327) Institution Forex License (STP) held by belongs to the scope of institutional business, excluding retail business. It cannot open accounts for individual investors. Be aware of the risks!

WikiFX Verification

Users who viewed AxCap247 also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FP Markets

8.87
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

CPT Markets

8.20
Score
5-10 yearsRegulated in United KingdomMarket Making(MM)MT4/5 full license
Official website

KCM Trade

7.73
Score
5-10 yearsStraight Through Processing(STP)MT4/5 full license
Official website

AxCap247 · Company Summary

Aspect Information
Company Name AxCap247
Registered Country/Area United Kingdom
Regulation Financial Conduct Authority (FCA) - License No. 589327
Market Instruments Prime Brokerage, Interdealer Broking, Private Client Stock Broking, Capital Markets
Account Types Standard
Minimum Deposit 100.0 USD
Maximum Leverage 1:400
Spreads Variable Spread
Trading Platforms Bloomberg Terminal, IRESS, Real Tick, Trading Platform
Customer Support UK Support Line: +44 (0) 203 026 0320, Email: support@axcap247.com
Deposit & Withdrawal Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Neteller, Skrill

Overview of AxCap247

AxCap247, founded in the United Kingdom, operates as a regulated online trading platform under the supervision of the FCA with license number 589327. Offering diverse prime brokerage services, AxCap247 stands out with multi-asset trading platforms such as Bloomberg Terminal, IRESS, Real Tick, and Trading Platform. Advantages include FCA regulation, a range of prime brokerage services, and accessible minimum deposits.

However, the platform faces challenges like a lack of comprehensive educational resources and a website with complex navigation. The company's foundation in the UK signifies adherence to established financial standards and regulations, providing traders with a regulated trading environment.

Overview of AxCap247

Is AxCap247 legit or a scam?

AxCap247 is regulated by the Financial Conduct Authority (FCA) in the United Kingdom under an Institution Forex License (STP) with license number 589327.

This regulatory oversight signifies that the platform operates in adherence to the established standards and regulations imposed by the FCA. Being regulated by a reputable financial authority like the FCA provides traders on AxCap247 with a level of confidence and assurance regarding the platform's commitment to transparency, fair practices, and the protection of client funds.

The FCA, as a stringent regulatory body, sets guidelines to ensure that financial institutions operate ethically and maintain the necessary safeguards for traders. Consequently, traders on AxCap247 can have increased trust in the platform's reliability, as the regulatory status instills a sense of security and accountability, fostering a more secure trading environment for participants.

Is AxCap247 legit or a scam?

Pros and Cons

Pros Cons
Regulated by FCA Lack of comprehensive educational resources
Diverse prime brokerage services,including financing, swaps, custody, and clearing Complex website navigation
Multi-asset trading platforms,including Bloomberg Terminal, IRESS, Real Tick, and Trading Platform. Risk alerts on WikiFX
No commission fees Limited customer support hours
Accessible minimum deposit Limited direct customer support channels
Diverse payment methods

Pros of AxCap247:

  1. Regulated by FCA:

  • AxCap247 is regulated by the Financial Conduct Authority (FCA), providing traders with confidence in the platform's compliance with industry standards and regulations. The FCA's oversight ensures transparency, fair practices, and the protection of client funds.

2. Diverse Prime Brokerage Services:

  • AxCap247 offers a range of prime brokerage services, including financing, swaps, custody, and clearing. Clients benefit from these comprehensive services through a globally integrated trading platform, gaining direct access to multi-asset trading platforms like EMSX, Real Tick, and IRESS.

3. Multi-Asset Trading Platforms:

  • AxCap247 utilizes multiple trading platforms, including Bloomberg Terminal, IRESS, Real Tick, and Trading Platform.

4. No Commission Fees:

  • Traders using AxCap247's Standard account benefit from a fee structure with no commission charges. This simplicity makes it suitable for traders who prefer straightforward trading costs without additional fees per trade.

5. Accessible Minimum Deposit:

  • AxCap247's minimum deposit requirement of 100.0 USD ensures accessibility for a broad range of traders, accommodating both novice and experienced individuals with varying capital constraints.

6. Diverse Payment Methods:

  • AxCap247 provides flexibility in payments by offering a variety of deposit and withdrawal methods, including Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Neteller, and Skrill.

Cons of AxCap247

  1. Lack of Extensive Educational Resources:

  • AxCap247 currently lacks extensive educational resources on its platform, limiting the availability of learning materials for traders. This absence impacts users looking to enhance their trading knowledge and skills.

2. Complex Website Navigation:

  • Navigating the AxCap247 website can be complex, potentially hindering users' access to available educational content.

3. Risk Alerts on WikiFX:

  • AxCap247 has received risk alerts on WikiFX, indicating one negative field survey review. Traders are advised to be aware of potential risks and the possibility of a scam.

4. Limited Customer Support Hours:

  • AxCap247's customer support is available during weekdays from 8 am to 6 pm, with closure on weekends. The limited support hours impact users who require assistance outside these time frames.

5. Limited Direct Customer Support Channels:

  • While AxCap247 offers customer support through a contact form, a physical address, and a UK support line, the direct customer support channels are limited. Users will find the availability of channels restricting for addressing urgent trading-related queries.

Market Instruments and Services

Prime Brokerage:

AxCap247 offers prime brokerage services, encompassing financing, swaps, custody, and clearing services through a globally integrated trading platform. Clients gain direct access to multi-asset trading platforms like EMSX, Real Tick, and IRESS. The platform facilitates margin financing on positions across asset classes, supporting direct access, algorithmic, and voice trading. AxCap247's industry-leading platform provides expertise in swaps, futures, ETFs, and derivatives traded globally or over-the-counter.

Market Instruments and Services

Interdealer Broking:

Interdealer broking at AxCap247 serves as a veil to market activity, allowing entities to trade without revealing their identity. This service, although more expensive, ensures anonymity for entities dealing in specific company shares. AxCap247, as a member firm and market participant, executes trades on behalf of clients or counterparties, fostering transparency, liquidity, and the price discovery process.

Market Instruments and Services

Private Client Stock Broking:

AxCap247 engages in private client stock broking, offering a tailored and personalized service that includes execution, advisory, and discretionary portfolio management across multiple asset classes. As a traditional stockbroker, AxCap247 prioritizes client needs, investing time to understand clients and provide advice and solutions tailored to their capital market requirements.

Market Instruments and Services

Capital Markets:

AxCap247 provides advisory services to corporate clients, assisting listed companies with raising capital through secondary market offerings. The Corporate Advice service focuses on addressing liquidity issues or securing capital for business expansion. The Corporate Broking team acts as an intermediary, collaborating with Equity Sales, Trading, and Corporate Finance to provide proactive advice and market intelligence. The Capital Markets team is committed to delivering high-quality services, utilizing analytical research and sector expertise to issue new shares, maximize trading liquidity, and increase share prices.

Market Instruments and Services

Account Types

AxCap247 offers a Standard account type, with a minimum deposit requirement of 100.0 USD.

This account provides a maximum leverage of 1:400, offering traders the potential to control larger positions with a relatively smaller amount of capital.

The Standard account features a margin call level set at 100%, providing users with a buffer before additional funds are required. The stop-out level, indicating the point at which trades are automatically closed to prevent further losses, is set at 50% for this account type.

One notable aspect of the Standard account is the absence of commission fees, making it suitable for traders who prefer a straightforward fee structure without additional charges per trade.

This account type is well-suited for entry-level or intermediate traders who seek a cost-effective and accessible trading environment, given the low minimum deposit requirement and absence of commissions. Additionally, the leverage offered provides an opportunity for traders to amplify their positions, though it requires prudent risk management due to the associated higher leverage levels.

Aspects Standard account
Min Deposit 100.0 USD
Max Leverage 1:400
Margin Call Level 100%
Stop Out Level 50%
Commission 0 USD
Spread Type Variable Spread

How to Open an Account?

Opening an Account with AxCap247:

  1. Registration:

    1. Visit the official AxCap247 website.

    2. Click on the “Sign Up” button.

    3. Fill in the required personal information, including name, email, and contact details.

    4. Create a secure password for your account.

    5. Agree to the terms and conditions.

2. Account Verification:

  • After registration, follow the verification process.

  • Submit necessary identification documents for KYC (Know Your Customer) compliance.

  • This include a valid government-issued ID, proof of address, and additional documents as required.

  • Wait for verification approval, which takes some time.

3. Deposit Funds and Start Trading:

  • Once verified, log in to your AxCap247 account.

  • Navigate to the deposit section.

  • Choose a suitable payment method (e.g., bank transfer, credit card).

  • Enter the desired deposit amount.

  • Confirm the transaction details and proceed to deposit funds.

  • After depositing funds, explore the trading platform.

Ensure that you carefully follow each step and provide accurate information during the registration and verification process for a smooth account opening experience with AxCap247.

Leverage

AxCap247 offers a maximum leverage of up to 1:400.

This leverage ratio signifies the extent to which traders can amplify their positions with borrowed funds in relation to their own capital. A leverage of 1:400 means that for every $1 of the trader's capital, they can control a position of up to $400 in the market. While higher leverage provides the opportunity for increased potential profits, it also entails higher risk, as losses can be magnified.

Spreads & Commissions

AxCap247's Standard account features a variable spread type with no associated commission fees.

The variable spread reflects changes in trading costs based on market conditions. Traders utilizing the Standard account do not incur any commission charges per trade, offering a fee structure that is straightforward and does not involve additional transaction costs.

Trading Platform

AxCap247 utilizes a diverse range of trading platforms, including Bloomberg Terminal, IRESS, Real Tick, and Trading Platform, to facilitate its trading activities.

Trading Platform

The Bloomberg Terminal, provided by Bloomberg L.P., is a robust computer software system widely used in the financial service sector. Traders can access the Bloomberg Professional service through the terminal, allowing them to monitor and analyze real-time financial market data while executing orders through the EMSX (Execution Management System). This platform is particularly favored for its competitive features.

Trading Platform

IRESS, another platform employed by AxCap247, is a live-streaming web-based trading platform designed for intermediate and active traders. With a focus on market analysis, IRESS provides a comprehensive suite of tools to enhance trading capabilities.

Trading Platform

Real Tick, on the other hand, is a single, powerful platform that allows traders to leverage the latest execution services, electronic products, and trade-enhancing functionality. It enables users to maximize trading opportunities and investment strategies through the utilization of the latest broker algorithms.

Trading Platform

The Trading Platform used by AxCap247 is characterized as the simplest and most convenient forex trading platform. It supports the trading of Forex, Commodities, and CFDs while providing analytical tools for market analysis. This platform allows users to collaborate with leading trading and analytical software, offering expert trading advice based on algorithmic data input.

Trading Platform

Deposit & Withdrawal

AxCap247 provides a variety of payment methods to facilitate both deposits and withdrawals, offering flexibility to its users.

For depositing funds, clients can choose from options such as Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Neteller, and Skrill. This diverse range of deposit methods accommodates different preferences and geographic locations, allowing users to select the option that best suits their needs.

The minimum deposit requirement on AxCap247 is set at 100.0 USD. This accessible minimum deposit enables a broad range of traders to participate in the platform, accommodating both novice and experienced individuals who have varying capital constraints.

The inclusion of popular payment methods and a reasonable minimum deposit contributes to a user-friendly environment, ensuring that clients can initiate their trading journey on AxCap247 easily.

Deposit & Withdrawal

Customer Support

AxCap247 offers customer support through a contact form on its website and provides a physical address at 27 Clements Lane, London, EC4N 7AE, UK.

Support is available during weekdays from 8 am to 6 pm, while closed on weekends.

For direct assistance, users can contact the UK Support line at +44 (0) 203 026 0320.

Additionally, inquiries, comments can be addressed via email at support@axcap247.com.

This multi-channel approach allows users to seek assistance through various means, enhancing accessibility for addressing their trading-related queries.

Customer Support

Risk Warnings

AxCap247 has received risk alerts on WikiFX. As of the latest detection on December 29, 2023, the broker has accumulated one negative field survey review. Traders are advised to exercise caution and be aware of the associated risks and the possibility of a scam.

Furthermore, AxCap247 is mentioned to hold an Institution Forex License (STP) issued by the United Kingdom's Financial Conduct Authority (FCA) with the regulatory number 589327. It's highlighted that this license falls within the scope of institutional business, excluding retail business. This implies that the broker may not be permitted to open accounts for individual investors.

Risk Warnings

Conclusion

In conclusion, AxCap247 operates as a regulated brokerage under the Financial Conduct Authority (FCA), instilling confidence in traders with its adherence to established standards. The platform offers a diverse range of market instruments, including prime brokerage services. It also offers multi-asset trading platforms like Bloomberg Terminal, IRESS, Real Tick, and Trading Platform. AxCap247 provides an accessible entry point with a reasonable minimum deposit and advantageous maximum leverage of 1:400, attracting both novice and experienced traders.

However, the platform exhibits limitations, notably a lack of comprehensive educational resources and a website with complex navigation. Traders will find the absence of structured learning materials hindering their ability to enhance skills. Additionally, limited customer support hours and channels pose challenges for users seeking assistance.

FAQs

Q: What is the minimum deposit on AxCap247?

A: The minimum deposit requirement on AxCap247 is 100.0 USD.

Q: What is the maximum leverage offered?

A: AxCap247 provides a maximum leverage of 1:400.

Q: Are there commission fees for the Standard account?

A: No, the Standard account on AxCap247 features zero commission fees.

Q: Which trading platforms does AxCap247 use?

A: AxCap247 utilizes Bloomberg Terminal, IRESS, Real Tick, and Trading Platform.

Q: What are the customer support hours?

A: Customer support is available from 8 am to 6 pm on weekdays, with weekends closed.

Q: How can I deposit funds on AxCap247?

A: AxCap247 offers deposit methods such as Bank Wire, VISA, MasterCard, Neteller, and Skrill.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

FX1577070660
more than one year
AxCap247's advisors are like Wall Street wolves, focused only on getting you in and back in the game. They're not big on stop-loss, always preaching about letting the market adjust and insisting you give it time. However, when a trade goes south, they're nowhere to be found.
2023-12-25 19:33
Reply
0
0
懒洋洋~网站建设
more than one year
It's so weird. Some time ago I received an ad from AxCap247 claiming to be a good company regulated by the FCA, but my gut told me it was not reliable. Field research by wikifx staff revealed that it does not have an office in the UK. It really is a liar!
2023-02-17 15:45
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com