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.
March 2022: Another large wave of fake positive reviews have been submitted for AximTrade. Some of these overlap with the fakes submitted in 2021.
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.
May-November 2021: Large numbers of fake and highly suspicious positive reviews have been submitted for AximTrade.