AximTrade Review



  • Leverage: 1:30 | 1:3000

  • Regulation: ASIC, SVGFSA

  • Min. Deposit: $1

  • HQ: Australia, Saint Vincent and the Grenadines

  • Platforms: MT4

  • Found in: 2020

AximTrade Licenses:

  • AximTrade Pty Limited - authorized by ASIC (Australia) license no 435746
  • AximTrade LLC - authorized by SVGFSA (Saint Vincent and the Grenadines) registration no 328 LLC 2020

Top 3 Forex Brokers

  1. What is AximTrade?
  2. AximTrade Pros and Cons
  3. Is AximTrade Safe or a Scam?
  4. Leverage
  5. Accounts
  6. Instruments
  7. Fees
  8. Spreads
  9. Deposits and Withdrawals
  10. Trading Platform
  11. Customer Support
  12. Education
  13. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see trading conditions and give expert opinions about AximTrade.

What is AximTrade?

AximTrade is a Forex and CFD trading company that provides a diverse range of trading options, such as Forex, CFDs, metals, energies, indices, cryptocurrencies, and stocks.

Based on our findings, the company is regulated and authorized by the top-tier Australian Securities and Investments Commission (ASIC). Additionally, it is registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA), as well as the National Futures Association.

In general, AximTrade Group provides a competitive trading environment, low spreads, and fees, making it a suitable choice for traders of all levels, whether beginners or experienced. Additionally, the broker offers a variety of accounts with a low minimum deposit requirement.

AximTrade Pros and Cons

Per our research, the broker presents both advantages and disadvantages as a Forex trading company. In terms of benefits, AximTrade offers competitive spreads, 24/7 customer support, comprehensive educational resources, and a selection of popular trading instruments. Additionally, the broker’s regulatory compliance with the Top-tier ASIC license brings a sense of trust and security. As an advantage, the broker also offers a range of funding methods for convenient deposits and withdrawals.

For the cons, despite its ASIC license, AximTrade does not provide its services to people in Australia and New Zealand for now and mainly focuses on International Proposals. Moreover, trading conditions could vary based on the specific entity, and the available range of financial products might be limited.

ASIC license and overseeConditions might vary based on the entity
Top-tier licenseLimited trading products
Funding methods
MT4 trading platform
Low minimum deposit
Competitive spreads
24/7 customer support
Forex education

AximTrade Review Official Website

AximTrade Review Summary in 10 Points
🏢 HeadquartersAustralia, Saint Vincent and the Grenadines
🗺️ RegulationASIC, SVGFSA
🖥 PlatformsMT4
📉 InstrumentsForex, CFDs, Metals, Energies, Indices, Cryptos, Stocks
💰 EUR/USD Spread1.1 pips
🎮 Demo AccountAvailable
💳 Minimum deposit$1
💰 Base currenciesUSD, EUR, GBP, AUD
📚 EducationProvided
☎ Customer Support24/7

Overall AximTrade Ranking

According to our analysis, AximTrade provides favorable trading conditions, including competitive spreads and pricing for its financial activities. Additionally, traders can benefit from access to the advanced MT4 trading platform, as well as convenient and streamlined deposit and withdrawal procedures, enhancing their overall trading experience.

  • AximTrade Overall Ranking is 7.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
Our Ranking ⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantagesTrading ConditionsTrading InstrumentsSpreads

AximTrade Alternative Brokers

After carefully assessing various aspects including trading conditions, adherence to regulations, spreads, available financial instruments, and user feedback, we have compiled a list of brokers that could be considered as alternatives to AximTrade.

  • EXT – Competitive Trading Conditions
  • CFI – Low Spreads
  • FxPro – Wide Range of Trading Instruments


We found that AximTrade has also received awards and recognition over the years. We have included a screenshot of these awards below.

AximTrade Review Awards

Is AximTrade Safe or Scam?

No, AximTrade is not a scam. It is a reliable brokerage firm due to its regulation by the top-tier Australian ASIC. The authority is known for implementing strict rules and guidelines to uphold high standards in the financial industry. It also provides an additional layer of assurance regarding the broker’s operations, ensuring that they adhere to the regulatory requirements.

Moreover, the broker carries an additional license in Saint Vincent and the Grenadines, which enables AximTrade to expand its operations and services in Latin American and Caribbean markets.

Is AximTrade Legit?

Yes, AximTrade is a legit and regulated broker that holds the necessary license and follows regulations for offering Forex trading services. The broker’s legitimacy is enhanced by its regulation by a top-tier Australian authority, which ensures compliance with established financial regulations and industry standards.

However, the broker is also regulated and authorized in an offshore zone. Therefore, you should conduct your research, including reading user reviews and considering other factors, to assess the broker’s reputation and legitimacy. Engaging in trading activities should always be done after careful consideration and understanding of differences while trading in different jurisdictions even using the same broker.

See our conclusion on AximTrade Reliability:

  • Our Ranked AximTrade Trust Score is 7.9 out of 10 for its good reputation and services provided. Yet, assess your trading needs, and preferences to determine whether the broker is a suitable fit for your specific requirements.
AximTrade Strong PointsAximTrade Weak Points
Funds protectionTrading via offshore zone
Top-tier license
Professional trading

Protection of Trading Activity

Based on our analysis, AximTrade demonstrates adherence to industry standards and compliance requirements. These include measures to protect client funds, such as segregation from company funds to keep client funds separate from the broker’s operational funds. The broker also provides additional safeguards like negative balance protection to prevent clients from incurring losses exceeding their account balance.

However, thoroughly review the broker’s documentation, legal agreements, and policies to gain a comprehensive understanding of the specific trading protections they offer. This will help you make an informed decision before engaging in any trading activities.

AximTrade Review License

AximTrade Leverage

Leverage is a useful tool that enables traders to enter the market with limited capital. However, its use can lead to substantial profits or losses as well. As such, you should have a comprehensive understanding of how leverage works and its possible consequences before engaging in any trading activities that involve leverage.

AximTrade leverage is offered according to the ASIC, and SVGFSA regulations:

  • The traders that hold with ASIC-regulated accounts are entitled to up to 1:30.
  • SVGFSA’s traders may use higher leverage up to 1:3000. For Infinite accounts, the leverage is unlimited which is quite risky

Account Types

Per our research, AximTrade provides traders with the choice among Standard, Cent, ECN, and Infinite accounts. These accounts offer specific features and trading conditions to cater to the needs of different traders. Additionally, the broker offers swap-free accounts, where no swap or rollover fees are charged on overnight positions.

$1 minimum deposit amountNone
Fast and easy account opening
Demo and swap-free accounts
Low commissions

Opening AximTrade Trading Account

Opening an account with a broker is quite an easy process, as you can log in and register with AximTrade within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:

  • Select and Click on the “Register an Account” page
  • Enter the required personal data (Name, email, phone number, etc.)
  • Verify your personal data by upload of documentation (residential proof, ID, etc.)
  • Complete the electronic quiz confirming your trading experience
  • Once your account is activated and proven, follow with the money deposit.

AximTrade Review Account Types

Trading Instruments

AximTrade provides traders with access to a range of trading instruments across different financial markets, such as Forex, CFDs, metals, energies, indices, Cryptocurrencies, and stocks. However, the availability of specific trading instruments may vary based on the entity or jurisdiction you are trading with.

  • AximTrade Markets Range Score is 7.5 out of 10 for a wide range of trading product selections. On the other hand, we found that some popular asset classes are not available to trade.

AximTrade Fees

We found that the broker offers competitive pricing for a majority of its trading services with low commission fees. While AximTrade does not charge fees for deposits and withdrawals, there may be fees associated with transferring funds to and from your trading account. Therefore, we recommend reviewing the broker’s fee structure to gain a comprehensive understanding of the charges and their potential impact on your trading activities.

  • AximTrade Fees are ranked average with an overall rating of 7.9 out of 10 based on our testing and compared to over 500 other brokers.

FeesAximTrade FeesEXT FeesCFI Fees
Deposit feeNoNoNo
Withdrawal feeNoYesNo
Inactivity feeNoYesYes
Fee rankingLow/AverageAverageLow/Average


According to our test trade, AximTrade provides competitive spreads, with an average spread of 1.1 pips for the EUR/USD currency pair in the Forex market. However, spreads can vary depending on market conditions, volatility, and liquidity. Therefore, to obtain accurate and comprehensive details regarding spreads, we recommend consulting the broker’s official website or contacting its customer support.

  • AximTrade Spreads are ranked average with an overall rating of 7.9 out of 10 based on our testing comparison to other brokers. We found Forex spread slightly lower than the industry average of 1.2 pips and the spreads for other instruments are competitive too.
Asset/ PairAximTrade SpreadEXT SpreadCFI Spread
EUR USD Spread1.1 pips0.3 pips0.6 pips
Crude Oil WTI Spread15 32.6
Gold Spread4112

AximTrade Review Spreads

Deposits and Withdrawals

The broker offers its clients a range of funding methods to deposit funds into their trading accounts. These include Bank Wire, Credit/Debit cards, Skrill, Neteller, and more. However, certain payment methods may have specific requirements depending on the client’s bank or other financial institutions involved in the transaction.

  • AximTrade Funding Methods we ranked good with an overall rating of 8.5 out of 10. Fees are low, and also you can benefit from various account-based currencies.

Here are some good and negative points for AximTrade funding methods found:

Variety of funding methodsNone
Multiple account base currencies
Fast digital deposits

AximTrade Minimum Deposit

To open a live trading account with the broker, clients need to deposit $1 as an initial deposit amount for Standard, Cent, and Infinite accounts. For ECN accounts, the minimum deposit amount is $50.

AximTrade minimum deposit vs other brokers

AximTrade Most Other Brokers
Minimum Deposit $1 $500

AximTrade Withdrawals

Based on our analysis, the broker does not impose fees for deposits and withdrawals. AximTrade typically processes withdrawal requests within 24 working hours.

Withdraw Money from AximTrade Step by Step:

To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with the requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your Dashboard

AximTrade Review Funding Methods

Trading Platforms

Traders have access to the popular MetaTrader 4 trading platform, which is available in both desktop and mobile versions. The platform is recognized for its robust features, user-friendly interface, advanced charting tools, and comprehensive trading capabilities.

  • AximTrade Platform is ranked good with an overall rating of 8 out of 10 compared to over 500 other brokers. We mark it as good since it offers the popular MT4 trading platform suitable for different strategies, however, the broker does not have any other alternative.
PlatformsAximTrade PlatformsEXT PlatformsCFI Platforms
Own PlatformsNoYesNo
Mobile AppsYesYesYes

Trading Tools

We found that the trading platform offers a wide range of advanced charting tools, multiple timeframes, trading signals, and indicators, which make it highly beneficial for traders. Moreover, MT4 provides automated trading capabilities, enabling traders to identify market movements and enhance their market entry and stop-loss strategies. This feature empowers traders with automated trading solutions and enhances their overall trading experience.

AximTrade Review Trading Platform

Customer Support

The broker offers 24/7 local language support through Phone, and 24/5 online support through Live chat, and Email. Also, the support team includes trading specialists who are available to assist with technical support, provide analysis recommendations, address general inquiries, and help resolve operational issues.

  • Customer Support in AximTrade is ranked good with an overall rating of 8.5 out of 10 based on our testing. We got fast and knowledgeable responses, and also it is easy to reach during the working days and weekends.

See our find and ranking on Customer Service Quality:

24/7 customer support through phoneNone
Live chat, email
Relevant answers

AximTrade Education

Finally, traders have the advantage of accessing a diverse selection of educational materials, including seminars, Forex courses, market news, an economic calendar, educational videos, and Axim blog, all designed to enhance the knowledge and skills of traders.

  • AximTrade Education ranked with an overall rating of 8.5 out of 10 based on our research. We found that the broker offers good-quality of educational materials, research, and analysis suitable for both beginners and advanced traders to enhance their trading strategies knowledge.

AximTrade Review Education

AximTrade Review Conclusion

In conclusion, AximTrade is a reputable Forex trading company that offers an extensive selection of popular trading instruments and competitive pricing. Additionally, traders can access to the popular MT4 platform, which provides advanced trading features and capabilities. The broker also offers a wide range of educational materials and research resources to support traders in expanding their knowledge and staying informed about the market, as well as 24/7 customer support. Another plus is the low minimum deposit requirement and the availability of different payment methods.

Overall, we found that AximTrade provides a competitive trading environment. However, we advise conducting your research and evaluating whether the broker’s offerings suit your specific trading requirements.

Based on Our findings and Financial Expert Opinions AximTrade is Good for:

  • Traders who prefer the MT4 trading platform
  • CFD and currency trading
  • International Traders
  • Traders from Latin America and the Caribbean
  • Advanced traders
  • Islamic traders
  • Beginners
  • ECN/NDD execution
  • Swap-free trading
  • Competitive pricing
  • Good trading tools
  • EA/Auto trading

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