20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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AximTrade Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- MT4
Regulation:
- ASIC
- SVGFSA
Bonus for deposit:
- 0%
Minimum
deposit:
deposit:
- $1
Trading platform:
- MT4
Regulation:
- ASIC
- SVGFSA
Bonus for deposit:
- 0%
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Summary of AximTrade Trading Company
AximTrade is a broker with higher-than-average risk and the TU Overall Score of 4.83 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by AximTrade clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. AximTrade ranks 133 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
AximTrade offers its clients one of the most competitive trading conditions in the market including tight spreads, low balance requirements, variety of account types, fast execution, reliable customer service and a wide variety of payment solutions. Serving over 100,000 active clients from all around the world, AximTrade stands out for providing premium services with flexible leverage, 100+ trading instruments, 0.004s execution speed, and up to 100% bonus.
AximTrade is duly regulated by the ASIC ( AFS № 435746) and SVGFSA ( 328 LLC 2020). AximTrade has built a good name globally thanks to unparalleled services, cutting-edge solutions, and highly competitive trading conditions. AximTrade has won four Global Forex Awards 2021. It is also the official partner of Alfa Romeo F1 Team ORLEN 2022. With AximTrade, customers can operate in a friendly environment and get access to trade currency pairs, indices, stocks, cryptocurrencies, oil and gold.
| 💰 Account currency: | USD, EUR |
|---|---|
| 🚀 Minimum deposit: | From $1 (cent, standard), From $50 (ECN) |
| ⚖️ Leverage: | ECN — Up to 1:1000, cent — Up to 1:2000, standard — Up to 1:3000, Infinite - Up to 1:Infinite |
| 💱 Spread: | From 1 pip (cent, standard), from 0.0 pips (ECN), 3 pips (infinite account) |
| 🔧 Instruments: | Currency pairs, CFDs on indices, metals, energies, cryptocurrencies, stocks |
| 💹 Margin Call / Stop Out: | 60%, 30% |
👍 Advantages of trading with AximTrade:
- Regulated and globally recognized forex broker.
- The low entry threshold for starting trading is $1 for cent and standard accounts and $50 for ECNs.
- Tight spreads on all account types and average commissions per lot on ECN accounts in the brokerage market.
- High leverage up to 1:Infinite.
- The ability to deposit and withdraw funds using electronic payment systems and in cryptocurrency.
- The existence of a social trading platform that allows you to receive additional income for both investors and experienced traders.
- Free access to the popular MT4 trading platform.
👎 Disadvantages of AximTrade:
- An account with the broker cannot be opened by traders from several countries, including the United States, Great Britain, and Canada.
- The web terminal is not available to clients.
Evaluation of the most influential parameters of AximTrade
Geographic Distribution of AximTrade Traders
Popularity in
60.29%
MY
25.26%
ID
8.13%
TH
5.65%
IN
4.08%
VN
2.2%
BR
2.1%
SG
2.1%
BN
2.1%
ZA
8.09%
Others
Video Review of AximTrade i
User Satisfaction i
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Expert Review of AximTrade
AximTrade has been operating independently since 2020, but its parent company has been operating since 2010. The young broker already has 4 international awards and serves over 300,000 traders from Asia and Europe. However, AximTrade does not cooperate with traders from the USA, Great Britain, Canada, and the countries of the European Union. The list of unsupported jurisdictions is in the footer of the official website.
Any client of the broker can have up to 15 active trading accounts: up to 7 standard, 5 ECN, 2 cent and 1 infinite accounts to trade. It should also be remembered that a trader registered here can simultaneously hold no more than 200 positions open, including pending orders. The average order execution speed is 0.004 of a second. AximTrade allows scalping on all types of accounts, but the minimum time for holding a position open cannot be less than 30 seconds.
The company has some disadvantages. AximTrade offers weekly insights, market analysis as well as educational articles. The broker launched a multi-level free online forex course to help traders from all levels sharpen their trading skills. AximTrade representatives cannot be contacted by phone and the support team only answers general questions about terms and services. The only way to get a detailed answer is to send a question to the company's email, but you will have to wait for the response from 1 to 3 business days.
Dynamics of AximTrade’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
The AximTrade broker allows all traders to earn passive income, regardless of their trading experience. Newcomers to the Forex market and market participants who do not want to trade on their own may copy trades of successful AximTrade clients through the Copy Trade service. Experienced traders with effective trading can earn additional income for broadcasting their own strategies.
Copy Trade is a proprietary copy trading platform from AximTrade
To become a passive investor at AximTrade, you must open any type of trading account and make a minimum deposit. Then, in the Copy Trade personal account menu, you need to select a money manager, whose trades will be copied to the investor's account. The main distinguishing features of the copy trading service from AximTrade are:
-
Each investor can connect to an unlimited number of money managers.
-
The service is available for all types of accounts - standard, ECN, cent, Infinite.
-
The executive manager can be selected according to the acceptable level of risk, the lifetime of the account, and the overall profitability of the strategy.
-
The investor can stop copying orders at any time. After disconnecting from the money manager, all invested funds and profits obtained with the help of this manager are returned to the connected trading account.
-
Each manager can also act as a subscriber. However, the company warns that there are risks of looping strategies when using these tactics.
Every client of AximTrade can become an investor and money manager. At the same time, the company does not put forward any requirements for the size of the account balance and experience to managers and subscribers. The minimum investment required to start copying depends on the terms of the selected manager. Each applicant for the position of money manager must provide the company with a trading history report for 30 days before broadcasting their own trades.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
AximTrade’s affiliate program:
-
Affiliates and IBs. There are programs for private traders and companies that offer a maximum reward of up to $20 per lot and up to 10% of second-level referrals.
-
Loyalty Program. The company raffles off valuable prizes (smartphones, watches, cars, luxury vacations) among affiliates who have met the requirements for the total turnover of referrals. Affiliates whose referrals have traded from 3,000 lots within 3 months participate in the drawing.
AximTrade pays its affiliates daily remuneration, provides 24/7 support, and assigns them a personal manager. There are also no restrictions on withdrawals.
Trading Conditions for AximTrade Users
The AximTrade broker allows you to make trades with currencies and CFDs from ECN, standard, and cent accounts. The only available trading terminal is the MetaTrader 4. You can replenish the balance and withdraw funds using bank transfers, EPS, and USDT (ERC20); however, soon clients will be able to use cards and BitCoin to make payments. Demo analogs of standard and ECN accounts are available. Muslim traders can open swap-free (Islamic Accounts).
$1
Minimum
deposit
1:Infinite
Leverage
24/7
Support
| 💻 Trading platform: | МТ4 (desktop, mobile) |
|---|---|
| 📊 Accounts: | Standard, Cent, ECN, Infinite |
| 💰 Account currency: | USD, EUR |
| 💵 Replenishment / Withdrawal: | Bank transfer, Neteller, Skrill, FasaPay, MomoPay, Zalopay, UPI, Paytm, Net Banking, QuickTransfer, QR Code, USDT (ERC20), WeChat Pay, AliPay, China Union Pay, local depositor. Available soon: Credit Cards (Mastercard, Visa), and BitCoin |
| 🚀 Minimum deposit: | From $1 (cent, standard), From $50 (ECN) |
| ⚖️ Leverage: | ECN — Up to 1:1000, cent — Up to 1:2000, standard — Up to 1:3000, Infinite - Up to 1:Infinite |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 1 pip (cent, standard), from 0.0 pips (ECN), 3 pips (infinite account) |
| 🔧 Instruments: | Currency pairs, CFDs on indices, metals, energies, cryptocurrencies, stocks |
| 💹 Margin Call / Stop Out: | 60%, 30% |
| 🏛 Liquidity provider: | No data |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market orders, stop-loss orders, limit orders |
| ⭐ Trading features: | Hedging is allowed; Stock CFD trading available; Leverage reduced during news releases. |
| 🎁 Contests and bonuses: | Yes |
Comparison of AximTrade with other Brokers
| AximTrade | RoboForex | Eightcap | Exness | FxPro | FxGlory | |
| Trading platform |
MT4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5, cTrader, FxPro Edge | MT4, MobileTrading, MT5 |
| Min deposit | $1 | $10 | $100 | $10 | $100 | $1 |
| Leverage |
From 1:1 to 1:3000 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 8.00% |
| Spread | From 0 points | From 0 points | From 0 points | From 1 point | From 0 points | From 2 points |
| Level of margin call / stop out |
60% / 30% | 60% / 40% | 80% / 50% | No / 60% | 25% / 20% | 20% / 10% |
| Execution of orders | Market Execution, S/L (stop loss) | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution, Market Execution |
| No deposit bonus | $55 | No | No | No | No | No |
| Cent accounts | Yes | Yes | No | No | No | No |
Broker comparison table of trading instruments
| AximTrade | RoboForex | Eightcap | Exness | FxPro | FxGlory | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | Yes | No |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | Yes | Yes | No |
| Stock | Yes | Yes | Yes | Yes | Yes | No |
| ETF | No | Yes | No | No | No | No |
| Options | No | No | No | No | No | No |
AximTrade Commissions & Fees
Information
The AximTrade broker does not withhold commissions for deposits and withdrawals, however, some payment systems apply them. Skrill and Neteller charge 4% of the transfer amount for withdrawing money. Account maintenance is also free. As a trading commission, AximTrade maintains a floating spread: from 1 pip on cent and standard accounts; and from 0.0 pips on ECN accounts. Also on ECN accounts, there is an additional commission for each lot for USD 3 (for opening and closing a position).
| Account type | Spread (minimum value) | Withdrawal commission |
| Cent | From 0.01 pip | No |
| Standard | From 1 pip | No |
| ECN | From 0.0 pip | No |
| INFINITE | As Low as 3 Pip | No |
There are swaps fees (commission for transferring a position to the next day).
Comparison of the average commission of different brokers allows you to determine the degree of optimality of the proposed conditions in comparison with competitors. Because of this, the analysts at the Traders Union have compared the fees for trading at AximTrade with the commissions of two popular companies — RoboForex and FXPro.
| Broker | Average commission | Level |
| AximTrade | $3.4 | Medium |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | High |
Detailed Review of AximTrade
AximTrade strives to make the trading of its clients as comfortable and profitable as possible. The broker adheres to the policy of prohibiting repeated quotes and refusal of requotes. It also promises 100% execution of orders in less than 1 second. AximTrade provides 24/7 support, the best prices from major liquidity providers, and a proprietary trading platform. The company aims to expand its service areas and soon plans to open 7 foreign offices, including in South Africa, India, and Turkey.
AximTrade by the numbers:
-
More than 300 thousand clients.
-
More than 1 million open trading accounts.
-
More than 400 billion of traded volume.
-
11 local offices in Europe and Asia.
-
8 regional offices.
-
The website and the personal account are available in 15 languages.
-
The amount of affiliate payments exceeds USD 5 million.
AximTrade is a broker for trading foreign currency and CFDs with high leverage.
AximTrade standard and ECN accounts can trade 49 currency pairs, cryptocurrencies such as Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), XRP, and 10 CFDs on stock indices. You can also trade with two oil assets (US Crude Oil and UK Brent Oil), gold, and silver. You can trade currency pairs, precious metals, and energy resources from a cent account. The amount of leverage depends on the type of account and the asset being traded. Each trader can change the leverage level, but only downward. In addition, the leverage can be reduced by the broker for new positions opened 30 minutes before and after the release of important news.
The AximTrade broker does not offer proprietary platforms. Its clients make trades via the classic MetaTrader 4. Mobile applications and a desktop version are available. WebTrader is not provided, therefore all terminals require installation on devices.
Useful services of the AximTrade broker:
-
Economic calendar. A section that displays economic and political news that can have a direct impact on market quotes and predict the mood of market participants.
-
Free seminars and workshops on Forex. They are led by AximTrade’s in-house trainers and experienced industry experts from third-party organizations such as WikiFX and TraderViet.
-
Feed from TradingView. It contains online charts of the movement of quotes, as well as trading ideas, news, and forecasts for the asset selected by the user.
Advantages:
1
Storing funds in segregated accounts and using two-factor authentication to protect data.
2
You can trade not only from the MT4 desktop terminal but also in the mobile application.
3
Cent, Standard, ECN, and INFINITE accounts are available.
4
Each client can open up to 15 trading accounts of various types.
5
All account types have negative balance protection.
6
The company periodically offers promotions, including a deposit bonus.
7
Private traders can receive affiliate rewards for attracting new clients.
Registration on the company's website takes no more than 10 minutes. Account opening and verification are completely digital procedures, no office visit is required.
How to Start Making Profits — Guide for Traders
AximTrade offers 4 types of accounts for Forex beginners and professional traders. All accounts support currency pair trades, negative balance protection, and position hedging. Margin calls and the Stop out levels are 60%/30%, respectively. All data and educational resource including articles, online forex course, the basics of trading, market analysis, trading insights and tutorials are available on AximTrade’s educational portal.
Account types:
Account Type
Description
Cent
is a micro account with a minimum deposit of $1, where the contract size is 1,000 units. Trading in indices and cryptocurrencies is not available. Leverage is up to 1:2,000. Spreads for major currency pairs start at 1 pip.
Standard
is a basic account with floating spreads from 1 pip for major pairs. After replenishing the balance for $1, its owner can trade currencies, cryptocurrencies, CFDs on indices, metals, and energy resources with a leverage of up to 1:3,000.
INFINITE
is a basic account with spreads as low as 3 Pip. Minimum deposits - $1, with unlimited leverage and Margin call/Stop out level: 60% / 0%.
ECN
is a professional account with the tightest spreads, from 0.0 pips on major currency pairs. There is a commission per lot: $3 each way. Leverage is up to 1:100. The minimum deposit is $50. The selection of trading assets is similar
to the standard account.
You can open 2 types of demo accounts with the broker — standard and ECN. An educational cent account is not available.
AximTrade allows you to start trading in the Forex market from $1. This is aimed at beginners and professional traders who prefer to work from ECN accounts.
Bonuses Paid by the Broker
AximTrade runs a promotion with a lifetime bonus of up to 50%, and holds a lucky draw for tickets to Formula 1 2022. Find more details on the broker's website.
Investment Education Online
Information
All data and educational resource including articles, online forex course, the basics of trading, market analysis, trading insights and tutorials are available on AximTrade’s educational portal. The company believes that the most effective educational tool is seminars from practicing traders. They cover a wide range of topics that are interesting and useful to both Forex beginners and experienced traders.
Information available in the Seminars section
Information not available on the AximTrade website
Dates of upcoming events
Glossary of terms related to trading
Country and city of the meeting
Number of seats available
Lecture languages
Photos and a short description of past seminars
All information about future and past seminars is available in the Seminars section under the Events tab. Meetings for traders are held in different countries and in their local languages.
Security (Protection for Investors)
Information
The AximTrade Group is represented by the following entities and is regulated in various jurisdictions. AximTrade Pty Limited is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 001294600. Huntington Services Limited is an IBC registered in New Zealand and is authorised as a Financial Service Provider (FSP) with license no. FSP6317469.
AximTrade LLC is incorporated under registration number 328 LLC 2020 by the Registrar of Limited Companies, LLC registered by the Financial Services Authority of Saint Vincent and the Grenadines and by the National Futures Association (ID: 0539713).
👍 Advantages
- Each client's money is transferred to a separate bank account
- Negative balance protection is active
- Thara Heights Owner's Corporation, the parent company, has been operating since 2010
- Electronic wallets are available for depositing and withdrawing funds, including cryptocurrency
👎 Disadvantages
- You can open and replenish an account without verification
- The company does not participate in compensation funds to protect customers’ deposits
- Difficulty filing a claim for private traders who live outside the jurisdiction of regulators
Withdrawal Options and Fees
-
All withdrawal requests are processed by the company within 24 working hours, but a trader must be verified to apply. Funds are credited through all available channels instantly.
-
Currently, all clients can withdraw funds using Neteller, Skrill, USDT (ERC20). Withdrawal via FasaPay is available only to traders from Indonesia; via bank transfer for clients from Malaysia, Indonesia, Thailand, Vietnam, China, and India. Soon, the company promises to add BitCoin, MomoPay, Zalopay, Visa, and Mastercard to the list of available methods.
-
AximTrade does not charge a withdrawal fee. The amount of fees charged by payment systems: Skrill and Neteller is 4% of the payment amount, and 0% for other systems.
-
Minimum withdrawal amounts: for USDT it’s ₮10 via Skrill and Neteller; for EUR it’s 5; for FasaPay, it’s ₹90,000; for bank transfers, it’s ₹100, MYR 100, IDR 100,000, THB 500, VND 100,000, and CNY 100.
Customer Support Service
Information
Online chat operators are available 24/7. Email support is available 24/5 GMT (Greenwich Mean Time).
👍 Advantages
- Fast responses from Live chat operators
- You can ask questions without registering with the broker
👎 Disadvantages
- Chat operators answer general questions only
- Email replies come within 1-3 business days
- Can't be contacted by phone
This broker provides the following communication channels for its clients:
-
Live chat;
-
a ready-made form for posing a question to support;
-
email support@aximtrade.com;
-
Instagram, Facebook, Twitter, LinkedIn.
The online chat button is available not only on the website but also in the user's personal account.
Contacts
| Foundation date | 2007 |
| Registration address | AximTrade LLC, First Floor, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines |
| Regulation |
ASIC, SVGFSA Licence number: 001294600, 0539713, FSP6317469 |
| Official site | https://www.aximtrade.com/ |
| Contacts |
Email:
support@aximtrade.com,
|
Review of the Personal Cabinet of AximTrade
Access to the personal account on the AximTrade website opens after registration. To use it, you must complete the following steps:
1
On the right side of the company's website, click New Account and enter your country of residence, email address, and phone number. Also, at this stage, you need to come up with a password for further access to your personal account and enter a referral code if you open an account using the link of a valid AximTrade client.
2
After entering the data and confirming that you are not a US tax resident, confirmation of successful registration will appear on the screen. Next, you need to check your phone and enter the OTP code that the company has sent.
3
After that, you need to confirm your email (follow the link in the email), and then return to the main page of the site again. Select Member Login, enter your email address, previously specified password, and CAPTCHA verification code.
4
To start trading with AximTrade:
1. Open a trading account:
2. Make a deposit using the method available for your country:
1. Open a trading account:
2. Make a deposit using the method available for your country:
Actions that you can perform in the personal account:
-
Open additional real and demo accounts.
-
Change the size of the available leverage.
-
Pass verification.
-
Apply to withdraw funds from active trading accounts.
-
Track target trade volumes of connected referrals.
-
Link your bank account to your AximTrade account.
-
Connect to active bonus offers.
-
Set up your account, change passwords and previously specified personal data.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Find out how AximTrade stacks up against other brokers.
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FAQs
Do reviews by traders influence the AximTrade rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about AximTrade you need to go to the broker's profile.
How to leave a review about AximTrade on the Traders Union website?
To leave a review about AximTrade, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about AximTrade on a non-Traders Union client?
Anyone can leave feedback about AximTrade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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