Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, does not recommend cooperating with this broker.
AximTrade is an intermediary that is registered in Saint Vincent and the Grenadines and operates under the supervision of the Financial Services Authority (SVGFSA) regulator. It has been providing services for trading currency pairs, cryptocurrencies, and CFDs since 2020. The company offers cent, standard and ECN accounts with high leverage, low minimum deposit requirements, and tight spreads. AximTrade has awards from The Best Forex IB Program (Africa and Asia) and The Best Forex Trading Platform Asia.
💰 Account currency: USD
🚀 Minimum deposit: From $1 (cent, standard)From $50 (ECN)
Leverage: ECN — Up to 1:1,000cent — Up to 1:2,000standard — Up to 1:3,000
💱 Spread: From 1 pip (cent, standard), from 0.0 pips (ECN)
🔧 Instruments: Currency pairs, CFDs on indices, metals, energies, cryptocurrencies, USD
💹 Margin Call / Stop Out: 60%, 30%
Advantages of trading with AximTrade:
The availability of a regulator and longevity in the Forex market of more than 10 years.
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 leverages up to 1:3000.
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.
The company’s website does not have sections with training, analytics, or news.
Is aximtrade scam?
Even Though The Forex Trading World Is Very Massive And Encompasses Variant Individuals Round The Globe, The Foremost Common Scamming Is Pretty Easy And Easy And Per Se – It’s Not Significantly Daring To Avoid. Here Is A Fast Summary Of However It’s Done: Through Clicking A Billboard With Guarantees For Quick Cash, You’ll Be Redirected To A Web Site Like Bitcoin Evolution Or The Bitcoin Manual Laborer Wherever Registration Would Require You To Present Your Address, Email, And Signal. Once Sharing Your Personal Data, You’ll Receive Calls From AximTrade Offshore Regulated Brokers, Compelling You To Take A Position With Them And Win Huge. Once Some Minutes Hearing Their Pitches, You Choose To Deposit Some $200-250. And Rather Like That – The Scammers Take A Fat Commission From This Primary Deposit.
After They’re Finished You, Senior Scammers Begin Operating You Into Golf Shot Even Extra Money. They Are Saying It’s The Sole Thanks To Make The Most Of Trading Even A Lot Of. Once Creating The Error Of Finance, Even More. You’ll Begin Desirous To Get Out Of This And Withdraw What You’ve Got Left.
Unfortunately, The Con-artists Haven’t Any Such Issue In Mind. They’ll Currently Begin Persuading You To Attend It Out And Not Withdraw Without Delay. The Angle Here Is Pretty Blunt – Traders Have A Restrict Period For Filing A Chargeback With Their Bank And Find Their A Refund. The “recovery Department ” Can Merely Wish To Mislead. You Into Missing Thе Crucial Amount And, On The Method. Losing Any Likelihood You Would Possibly Have Of Obtaining The Money Back.
It Is Vital Here To Require Notice That Each Visa And Mastercard Are Taking Measures To Combat Unregulated Forex Brokerages. By Classifying All Forex Transactions As High Risk. And That They Are Correct In Doing Thus. Moreover, Supporting Their Intention With Clear Actions – Mastercard Has Redoubled. The Previous Period Of Six Months For Filing A Chargeback To A Year And A 0.5.