AximTrade Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of AximTrade trading signals. You will learn what kinds of trading signals AximTrade offers and what the conditions for using them are.
Short introduction of AximTrade
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% |
AximTrade Pros and Cons
👍 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
AximTrade Trading Signals
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 |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that AximTrade does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.