Axiance Review

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Headquartered in Cyprus, Axiance is an online brokerage firm that provides you with advanced platforms for trading a good selection of over 300 financial instruments across different asset classes, including CFDs on forex, stocks, commodities, indices and cryptocurrencies. In addition to competitive trading conditions, they provide you with some useful educational resources and helpful trading tools so that you can get the best out of your trades and make informed decisions. The minimum deposit required to start trading is very reasonable at $100 whilst free demo accounts are available of you want to give them a try before switching to a live account. This is all backed by a responsive client support team who are quick to answer any of your concerns. I think they are a decent broker for anyone looking to get hassle free market access.

Summary

Axiance was launched in 2016 and built on the core values of sustainable finance, innovation, and fairness. They are a multi-asset brokerage firm offering CFD investment services who can give you seamless access to the global financial markets across all of your devices. The broker provides you with the intuitive MetaTrader platforms, which are available in desktop, web, and mobile versions. You can benefit from favourable trading conditions, such as low spreads, quick execution speeds fair commission fees, multiple account types, leverage of up to 1:500, and more.

Background

By advocating further adoption of corporate social responsibility in the financial industry and translating it into Environmental, Social and Governance (ESG) practices, Axiance helps you trade more responsibly. They utilise the power of innovative technology to add real value to user’s investment activities and to further build upon their ambition to follow an inventive approach in how they operate as a business. I appreciate how the company is focused on delivering an environment of fairness and transparency. They make sure that the service which they provide to you is fair and offer complete visibility for cost.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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Regulation

One of the most important things to look for in a broker is their regulation. I would always want to trade with a regulated broker. This is because they must follow certain rules and procedures that have been put in place to help protect investors. Without any regulation, you cannot always be sure if they are operating in an honest and transparent manner. Thankfully, I am pleased to say that this broker has various regulations. Axiance is a Trademark owned by multiple entities of the Axiance Group. The brand operates and complies globally under strict regulatory frameworks through the following entities and licenses:

• Europe (CySEC): ICC Intercertus Capital Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission
• International (FSA): Aerarium Limited is authorized and regulated by the Financial Services Authority Seychelles
• Global (FSC): Aurum Capital Ltd is authorized and regulated as an Investment Dealer by the Financial Services Commission Mauritius

Countries

Axiance does not offer its services to residents of certain jurisdictions such as the USA, UK, Belgium, Iran, Canada, and North Korea. If you reside in one of the mentioned countries, you can easily find an alternative broker by uinsg our broker comparison tool.

Platforms

At Axiance, all trading activities are carried out using the popular and easy to use MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms respectively. This is the industry standard trading platform from MetaQuotes that is used by forex and CFD traders all over the globe.

MetaTrader

While the MT4 platform was launched in 2005 with an avalanche of helpful trading tools, the MT5 platform came later in 2010 with even more advanced trading features and functionalities. These platforms’ built-in features include charting tools, market indicators, scripts, expert advisors, advanced risk management tools, real-time market execution, and more. They have everything you need to analyse the charts for trading signals according to your own preferred method of technical, fundamental and price action analysis. I really like the intuitive layout that makes it easy to navigate so you can place and manage trades with relative ease. They have excellent automated trading capabilities for those of you who want to use trading robots. There is even a strategy tester where you can back test your strategies on historical data to get an idea of how they may have performed historically speaking.

MT4 & MT5 Platforms

The MT4 and MT5 trading platforms are available as desktop applications for Windows and Mac computers and mobile apps for Android and iOS devices. In addition, there is a web version that you can run directly on most modern web browsers without needing to install any additional software. I like how this platform is always up to date and can be access from any device. However, the desktop version of the platforms has the most functionality. The trading apps I also find really convenient for checking my account and following the latest market news from my mobile phone. They have modern and sleek interfaces where everything can be done in just a few taps. Trading doesn’t need to be a complicated process with the advanced technologies that we have these days which are incorporated within all of the Axiance platforms.

Tools

In addition to the plethora of built-in tools of the provided trading platforms, the broker offers some useful trading tools. I am especially impressed to see the inclusion of the excellent Trading Central software which is great for automated market analysis based on your own customised settings. You will also find a selection of other tools to enhance your overall trading experience including forex calculators and an economic calendar. If that wasn’t enough, there is a programming interface in MetaTrader where you can build your own trading tools or you can download an abundance of free and paid tools from the MQL marketplace that is easily accessible from within the platform. You can even hire a freelancer to develop an idea for you if you don’t have the relevant coding skills.

Trading Central

Axiance has teamed with Trading Central, a financial research source, to assist you in identifying opportunities and implementing methods that are appropriate for your trading style. You can access a broad product suite, develop strong market knowledge, time your trades, manage risk, and uncover new investing possibilities. I think this is the ideal tool for spotting potential trade opportunities across thousands of assets. It can literally save you from hours of needing to manually scan charts yourself. With daily coverage on global markets straight from the NYSE trading floor. The Trading Central research desks bring you news of the markets as they unfold and bite-sized briefings to keep your trading in context.

Trading Central

You access the following key features of Trading Central:

• Fundaments & Technical News
• Daily Market Outlook Newsletter
• 24h multi-asset coverage of global financial markets
• Intuitive research tools
• Actionable newsroom information and trend analysis 24/7
• Support in 32 languages
• WebTV
• Exclusive Trading Central plugin for MT4/MT5

VPS Hosting

You can automate your trading strategies with the Axiance VPS Hosting service and enjoy more control and flexibility over your environment. I think this can be a good way to run expert advisors 24/7 with accuracy, speed and zero downtime. I have my own VPS that is an invaluable tool where I simultaneously run multiple instances of the MetaTrader platforms to test my automated strategies on different brokers.

Education

The broker provides you with a good selection of educational resources to improve your trading skills and knowledge. These educational resources include webinars, trading TV, blog, press release, glossary, and news that keeps you up-to-date with the latest events in the financial markets. Whilst I found there to be a decent amount of content, CM Trading has an even greater selection of educational resources if you are a beginner and want some more guidance along the way.

Markets

Axiance products cover core and emerging markets globally with competitive pricing and rapid execution speeds. There is an impressive variety of over 300 trading instruments including CFDs on forex, stocks, commodities, indices and cryptocurrencies. I think they have more than enough trading instruments to meet the needs of many traders, although options, bonds, and ETFs are not currently available in the Axiance product portfolio. However, if you are looking for a broker with a larger product portfolio, you can take a look at Swissquote.

• 50+ forex pairs
• 20+ shares with depth of market
• 17 top global cryptocurrencies
• 300+ instruments to trade with low spreads

Accounts

I like how Axiance offers various live trading account options. This means they can match the needs of different trading style with the main difference between accounts being the minimum deposit, spreads and commission fees where applicable. The VIP account has the lowest spreads from as low as 0.0 pips and a small commission fee of just $4 per lot. The other accounts do not charge a commission fee as it is already included within the spread as a mark-up. This does means that the spreads are higher but it really depends what matters most to your trading strategy. I would personally go for the VIP account as I use scalping systems that require the lowest spreads at all times. The commission fee is also very competitive when compared to other brokers. Upon opening an account, you have the option to use both real and demo modes. The demo account can be a great way to try out the broker and practice your trading strategies until you build enough confidence to make the switch to a real account.

The account types and their corresponding minimum deposit requirements are as follows:

Standard Account

• Min deposit $100
• Min spread from 1.2 pips
• Max leverage up to 1:500
• Customer support 24/5
• Access to Trading Central
• 10% Stop out
• 100% Margin call

Premium Account

• Min deposit $5,000
• Min spread from 0.8 pips
• Max leverage up to 1:500
• Customer support 24/5
• Access to Trading Central
• 10% Stop out
• 100% Margin call

VIP Account

• Min deposit $30,000
• Min spread from 0 pips
• Max leverage up to 1:500
• Customer support 24/5
• Commission $4 per lot
• Exclusive trading strategies
• Development of an individual business plan
• Access to Trading Central
• 15% Stop out
• 100% Margin call

Support

Axiance has a reliable client support team who are available 24/5 and can be reached via Live Chat, telephone, email, and social media. Although the broker offers crypto trading 24/7, they provide customer support 24/5 only, which could be improved, in my opinion. If you are a crypto trader, you know crypto trading is active 24/7, and if you encounter a problem during the weekend, you will have to wait until Monday to contact customer support. FP Markets is an alternative worth consideration, as they provide cryptos with 24/7 customer support.

Funding

The broker accepts a good range of payment methods for making account deposits and withdrawals with minimal fuss. You can choose from bank transfers, credit/debit cards, and various online payment gateways. I like the availability of digital wallets as I find this to be the quickest and easiest way for me to move my funds around. It also means I can make a deposit without delay just in case there is a market event that I need to try and quickly act upon. Again, despite providing crypto trading, Axiance does not offer or accept crypto funding which is disappointing from my perspective. If you want to use crypto  as a means of funding with a broker, Hankotrade have crypto funding available.

Conclusion

Overall, I think that Axiance is a good broker for anyone who is looking for simple access to trade a variety of markets on user-friendly platforms and in a regulated environment. They have a good selection of trading tools including the excellent Trading Central software. Beginners can learn more about trading online with a selection of educational materials. Free demo accounts are also available if you wish to put your skills to the test. There is a good choice of account types for different trading styles and flexible payment options for convenient account funding. I found the trading conditions to be decent, with reasonable spreads, low fees and quick execution speeds. However, the VIP account with the best conditions requires a large $30,000 deposit. I would like to see the broker give all users access to these conditions regardless of their investment size. As an alternative, TD365 have a similar offering but only require a $1 initial deposit to get started.

$100

Axiance is an online brokerage that provides you with easy to use platforms for trading over 300 financial instruments with competitive conditions across different markets, including Forex, Stocks, Commodities, Indices and Cryptos.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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