AximTrade Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed AximTrade fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
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 Commissions and Fees
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 |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
AximTrade Minimum deposit
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:
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.
Brokers similar to AximTrade
When analyzing AximTrade, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of AximTrade and other brokers.
Comparison of AximTrade with other Brokers
| AximTrade | RoboForex | Pocket Option | Exness | IC Markets | 4XC | |
|---|---|---|---|---|---|---|
|
Trading platform |
MT4 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, cTrader, MT5, TradingView |
MT5, MT4, WebTrader |
|
Min deposit |
$1 |
$10 |
$5 |
$10 |
$200 |
$50 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution, S/L (stop loss) |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
|
No deposit bonus |
$55 |
No |
No |
No |
No |
$50 |
|
Cent accounts |
Yes |
Yes |
No |
No |
No |
No |
| AximTrade | RoboForex | Pocket Option | Exness | IC Markets | 4XC | |
|---|---|---|---|---|---|---|
|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Crypto |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
|
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Indexes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Stock |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
ETF |
No |
Yes |
No |
No |
No |
No |
|
Options |
No |
No |
No |
No |
No |
No |
Could I recommend AximTrade to a beginner trader?
Analysis of AximTrade shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Can the minimum deposit differ depending on the trading account type?
Yes. Brokers often encourage clients to deposit large amounts to the account by offering better trading conditions.
What are non-trading fees?
Non-trading fees are the fees charged outside the trading process, for example deposit and withdrawal fee, inactivity fee, etc.
If the fees are low, how does a broker make money?
As a rule, brokers with low fees earn on the fees thanks to high trading volume and also non-trading fees.
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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.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.