Rana Adnan | May 9, 2022
Table of Contents
Headquartered in Cyprus, Axiance is an online brokerage firm that provides you with advanced platforms for trading over 300 financial instruments across different asset classes, including forex, stocks, commodities, indices, cryptocurrencies, and more. In addition, they provide you with educational resources, helpful trading tools, and a responsive client support team. The minimum deposit required to start trading is £100.
Broker Pros / Cons
- Powerful MetaTrader 4/5 trading platforms
- Over 5000 financial markets to trade online
- Useful trading tools such as Trading central
- Educational resources to educate traders
- Free deposits and withdrawals
- Crypto trading
- Swap-free Islamic accounts
- Demo trading
- Official website is easy to navigate and access to information easy
- Commission-free trading
- Tight spreads on premium accounts
- No UK or USA clients
- Company is not listed on stock exchange
- No banking services
- VIP account required for zero spreads
- No crypto funding
- No fixed spread accounts
- Minimum $100 deposit
- No social and copy trading
- No 24/7 customer support for crypto traders
- Not very tight spreads starting from 1.3 pips
- No VPS
Built on the core values of sustainable finance, innovation, and fairness, Axiance is an online trading broker that provides you with seamless access to the global financial markets. The broker was launched in 2016 and regulated by CySEC. Axiance provides you with the MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions. You can benefit from favourable trading conditions, such as low spreads, fair commission fees, multiple account types, leverage of up to 1:500, and more.
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 CYSEC (EU) (License No. 301/16).
- International (FSA): Aerarium Limited is authorized and regulated by the Financial Services Authority (FSA) Seychelles under license number SD036.
- Global (FSC): Aurum Capital Ltd is authorized and regulated as an Investment Dealer by the Financial Services Commission (FSC) Mauritius under license number GB20025770.
- Axiance is also registered in other EU countries, including CMNV (Spain), KNF (Poland), AFM (Netherlands), and FI (Sweden).
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 with our Compare Brokers tool. In my opinion, CySEC-regulated brokers are considered reliable. However, you should consider Forex.com, if you are looking for a broker with multiple top-tier regulation licences.
At Axiance, all trading activities are carried out using the MT4 and MT5 trading platforms. MetaTrader is the industry standard trading platform from MetaQuotes. 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. 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 — Chrome, Safari, Firefox, and Edge — without needing to install any additional software.
I have used the MT4 platform for years, and I have to admit this is one of the best trading platforms. My preference has been MT4 for its user-friendly interface and ease of access through my personal computer or via web browsers and mobile on a trip. You can easily manage, open or close positions on MetaTrader mobile app, which is available for both iOS and Android devices.
If you want an alternative to MetaTrader platforms, then cTrader is an excellent option. In that case, you can check Purple Trading as they provide cTrader. Swissquote is one of the brokers with multiple trading platforms if you are interested in trying some new platform.
In case you are an institution and looking for FIX API, Global Prime is worth considering.
In addition to the built-in tools of the provided trading platforms, the broker offers various useful trading tools — Trading central, Forex Calculators, Economic Calendar, and more — to enhance your overall trading experience.
I was a bit disappointed by noticing that Axiance does not have any copy trading or social trading service. These trading tools can be essential for beginner traders and investors, in my opinion. The reason is that you may not sit in front of the markets all the time to spot an opportunity. So social trading and copy trading come in handy for you. If you are also keen of social trading, eToro is one of the best social trading platforms, in my opinion.
Moreover, Axiance does not offer VPS hosting, which is a downside for me. I like to keep my automated trading strategies trading the markets for me with a VPS. Blueberry Markets and Axi provide free VPS if you also want a VPS service.
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. You access the following features of Trading Central:
- Fundaments & technical news
- Daily market outlook newsletter
- Plugin for MT4/MT5
The broker provides you with a good selection of educational resources to improve their 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.
By the way, CM Trading has a good selection of educational resources if you are a beginner and want some guidance along the way.
Axiance offers over 5000 trading instruments: forex, stocks, commodities, indices, cryptocurrencies, and more. Although options, bonds, and ETFs are not available in the Axiance product portfolio. But I think they have enough trading instruments to meet the needs of many traders. However, if you are looking for a broker with a huge product portfolio. Take a look at IG, which have over 17000 trading instruments
Axiance offers various live trading account options. The account types and their corresponding minimum deposit requirements are as follows: Standard (£100), Premium (£5,000), and VIP (£30,000) accounts.
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. Just so you know, EXANTE is a good alternative, as they provide 24/7 customer support.
The broker accepts the following payment methods for account deposits and withdrawals: bank transfers, credit/debit cards, and various online payment gateways.
Again, despite providing crypto trading, Axiance does not offer or accept crypto funding which is disappointing for me. If you want to use crypto funding as a means of payment with a broker, then Hankotrade is a good alternative as the broker has crypto funding available.
To open an account, click on the “Register” button at the top right corner of the broker’s website. Next, fill in the account application form correctly, and then submit.
|Broker Features||AvaTrade||IG||IC Markets|
|Regulated||ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA||FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF||ASIC, CySEC, FSA, SCB|
|Country||Australia, Ireland, South Africa, Japan, British Virgin Islands||Australia, UK, USA, Switzerland, UAE, Singapore, Japan||Australia, Seychelles, Bahamas, Cyprus|
|Min. Deposit||Min $250 Deposit||Min $100 Deposit||Min $200 Deposit|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs||Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile||MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile|
|Type||Market Maker, STP||STP, ECN, DMA||ECN|
|Funding||Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill||Wire Transfer, Credit/Debit Cards, PayPal||Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli|
|Visit Broker||Visit Broker||Visit Broker||Visit Broker|
Launched in 2016 in Cyprus, Axiance is an online financial services provider. They allow clients to trade various financial assets on the MT4 and MT5 trading platforms. In addition, there are different learning materials, helpful trading tools, and a responsive client support team to assist you. The minimum deposit required to start trading is £100.
24/7 customer support and crypto funding are some of the key areas, I feel Axiance needs improvement Other than that, I think Axiance is worth trying.