Leverage: 1:30 | 1:3000
Regulation: ASIC, SVGFSA
Min. Deposit: $1
HQ: Australia, Saint Vincent and the Grenadines
Platforms: MT4
Found in: 2020
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.
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.
| Advantages | Disadvantages |
|---|---|
| ASIC license and oversee | Conditions might vary based on the entity |
| Top-tier license | Limited trading products |
| Funding methods | |
| MT4 trading platform | |
| Low minimum deposit | |
| Competitive spreads | |
| 24/7 customer support | |
| Forex education |
| 🏢 Headquarters | Australia, Saint Vincent and the Grenadines |
| 🗺️ Regulation | ASIC, SVGFSA |
| 🖥 Platforms | MT4 |
| 📉 Instruments | Forex, CFDs, Metals, Energies, Indices, Cryptos, Stocks |
| 💰 EUR/USD Spread | 1.1 pips |
| 🎮 Demo Account | Available |
| 💳 Minimum deposit | $1 |
| 💰 Base currencies | USD, EUR, GBP, AUD |
| 📚 Education | Provided |
| ☎ Customer Support | 24/7 |
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.
| Ranking | AximTrade | EXT | CFI |
|---|---|---|---|
| Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Advantages | Trading Conditions | Trading Instruments | Spreads |
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.
We found that AximTrade has also received awards and recognition over the years. We have included a screenshot of these awards below.
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.
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:
| AximTrade Strong Points | AximTrade Weak Points |
|---|---|
| Funds protection | Trading via offshore zone |
| Top-tier license | |
| Professional trading |
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.
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:
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.
| Pros | Cons |
|---|---|
| $1 minimum deposit amount | None |
| Fast and easy account opening | |
| Demo and swap-free accounts | |
| Low commissions |
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:
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.
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.
| Fees | AximTrade Fees | EXT Fees | CFI Fees |
|---|---|---|---|
| Deposit fee | No | No | No |
| Withdrawal fee | No | Yes | No |
| Inactivity fee | No | Yes | Yes |
| Fee ranking | Low/Average | Average | Low/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.
| Asset/ Pair | AximTrade Spread | EXT Spread | CFI Spread |
|---|---|---|---|
| EUR USD Spread | 1.1 pips | 0.3 pips | 0.6 pips |
| Crude Oil WTI Spread | 15 | 3 | 2.6 |
| Gold Spread | 4 | 1 | 12 |
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.
Here are some good and negative points for AximTrade funding methods found:
| Advantage | Disadvantage |
|---|---|
| Variety of funding methods | None |
| Multiple account base currencies | |
| Fast digital deposits |
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 |
Based on our analysis, the broker does not impose fees for deposits and withdrawals. AximTrade typically processes withdrawal requests within 24 working hours.
To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:
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.
| Platforms | AximTrade Platforms | EXT Platforms | CFI Platforms |
|---|---|---|---|
| MT4 | Yes | No | No |
| MT5 | No | No | Yes |
| cTrader | No | No | Yes |
| Own Platforms | No | Yes | No |
| Mobile Apps | Yes | Yes | Yes |
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.
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.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
| 24/7 customer support through phone | None |
| Live chat, email | |
| Relevant answers |
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.
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:
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STOP TRADE WITH THIS BROKER. TOTALLY SCAM. NO WITHDRAWAL PAID AND INSTEAD WILL REJECT YOUR WITHDRAWAL AND DELETE YOUR WITHDRAWAL REQUEST.