Since 2018, Axes has been offering brokerage services to retail and institutional clients in vaious countries. The broker claims to be a strong proponent of transparency and has established safety standards for clients’ funds. Traders are allowed to trade multiple financial instruments across six asset classes, including forex, futures, indices, shares, metals, and energies. Other important features of this broker include rapid trade execution speeds with no dealing desk intervention, aggregation of prices from multiple liquidity providers, access to a deep liquidity pool, continuous research and development, as well as educational tools and constant support.
Axes Review, Pros & Cons
- Advanced trading platform
- Some trading tools
- Educational resources
- Multiple financial assets
- Lack of strict regulation
- $500 minimum deposit
- Limited account funding options
- No USA traders
In this detailed Axes review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
With its head office in the United Kingdom, Axes is an online trading broker that provides traders with the MetaTrader 5 (MT5) trading platform for trading multiple financial assets. Traders are provided with several trading features and tools, including NDD execution, leverage of up to 1:500, useful trading tools, educational resources, and dedicated customer service. The broker has won over 60 industry awards since its inception, including the Best Fair Brokerage Awards, Best Financial Company, Best Wealth Management Awards, Best Investment Awards, and more.
Axes LLC is Permitted by the FSA of Saint Vincent to act as a financial and monetary intermediary in the conduct of financial and monetary brokerage business for the sale and purchase of currencies and intermediating in money market transactions as permitted under granted company number (338 LLC 2020) (as amended) and to carry out certain categories of financial investment business as permitted under FSA Resolution Number 1996/35.
Axes is also regulated by the International Financial Market Relations Regulation Centre (IFMRRC).
Axes do not offer its services to residents of certain jurisdictions where it would be contrary to local laws or regulations.
Some Axes features and products mentioned within this Axes review may not be available to traders from certain countries because of legal restrictions.
Trades are carried out using the MetaTrader 5 trading platform, which is a powerful online platform that provides access to global markets via its desktop application, web platform, or mobile trading apps. Regardless of your choice, you have an option to start trading with a free demo account. The platform allows experienced traders to perform comprehensive technical analysis with more than 50 indicators. Those who are not ready to analyse the markets on their own will be interested in daily feed with the analytical ideas provided by Trading Central.
Also, MT5 enables you to track the live market depth and use 21 time-frames to make more informed trading decisions. You can simultaneously open up to 100 charts of the financial assets. Algorithmic trading is also supported with the help of expert advisors. Even traders who are new to the MQL5 programming language can create a personal strategy-based robot.
Axes Trading Tools
The broker provides traders with the following trading tools to enhance clients’ overall trading experience. They include Economic Calendar, Calculators, VPS, Trading Central, Earnings Calendar, and more.
There are several learning resources on the broker’s website. They are designed to help traders make knowledgeable trading decisions, and they include News, Fundamental Analysis, Technical Analysis, Video Tutorials, Webinars & Events, Trading Basics, and more.
The broker offers the following trading instruments: forex, futures, indices, shares, metals, and energies.
Axes Accounts & Fees
To begin trading, traders are required to create a live trading account. The minimum deposit is $500, and there is a leverage of up to 1:500. A demo account is also provided for practice purposes. The demo account enables you to practice your trading strategies and familiarise yourself with the brokers trading platform, products and services.
As broker fees can vary and change, there may be additional fees that are not listed in this Axes review. It is imperative to ensure that you check and understand all of the latest information before you open an Axes broker account for online trading.
Traders are provided with a 24/5 customer support team that is available in 17 languages and can be contacted via Live Chat, call back form, telephone, and social media.
Axes Deposit & Withdrawal
Account deposit and withdrawal requests are processed using bank wire transfers and credit/debit cards.
Axes Account Opening
Opening a trading account with Axes involves an easy process: simply click on the ‘Register’ button at the top right corner of the website, fill the form.
It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Axes is an online trading broker that uses an in-house spot aggregator and advanced order-matching technology to provide traders with access to a deep liquidity pool, helping to ensure ultra-fast trade execution with no dealing desk intervention. Trades on several financial markets are executed on the MT5 trading platform, which is available in the desktop, web, and mobile versions. Traders are provided with a selection of useful trading tools and educational resources.
CFDs are complex financial products traded on margin. Trading CFDs is risky and may not be suitable for all investors. Ensure you understand the risks involved as you may lose all your invested capital. The past performance of CFDs is not a reliable indicator of future results.