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Forex

Retail Broker

Aximtrade

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Aximtrade

Name: Aximtrade
Address: AU

Australia

2021 (3 Years)

0 Reviews

Please carefully consider your options and choose the service that best meets your needs.

Beware

0.00/5

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License

0.00

Verification on TrustFinance

0.00

Traffic & Engagement

1.67

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1.00

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License

Warning

This broker is currently unregulated. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Both institutions and consumers highly trust the license in grade A. They operate more extended and are more challenging to hold than others. They have strict rules which the company needs to comply with. Just one point was deducted from grade A.

B Grade License

The license in grade B is also trusted, but the difference between them is it will slightly get less complicated than in grade A.

C Grade License

The license in grade C is also safe to rely on, but we recommend that you be careful with your chosen company. You should inspect the company information before investing.

D Grade License

The license in grade D is easily held and has yet to become widespread. If your chosen company holds a license in this grade, you should carefully contemplate it.

License

Warning

This broker is currently unregulated.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

Aximtrade - Pros and Cons

Pros

Access to a wide range of assets
Relatively low minimum deposit

Cons

Concerns about the reliability of its license
Website instability and inability to view information
Lack of transparency in clarifying deposit and withdrawal fees

Pros

Access to a wide range of assets
Relatively low minimum deposit

Cons

Concerns about the reliability of its license
Website instability and inability to view information
Lack of transparency in clarifying deposit and withdrawal fees

Users who look Aximtrade also look…

News

TrustFinance Intelligence Agency

Research date: Thg 11 28, 2024

The website content provides a review of AximTrade, highlighting it as an unregulated and potentially risky broker. It mentions the low minimum deposit requirement of $1 and unrealistic trading conditions such as high leverage and low spreads. The review advises against trading with unregulated brokers like AximTrade and recommends regulated brokers instead. The website also lists other articles related to different brokers and their trustworthiness.

The website content provides a review of AximTrade, highlighting it as an unregulated and potentially risky broker. It mentions the low minimum deposit requirement of $1 and unrealistic trading conditions such as high leverage and low spreads. The review advises against trading with unregulated brokers like AximTrade and recommends regulated brokers instead. The website also lists other articles related to different brokers and their trustworthiness.

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AximTrade Review: Is AximTrade a Good Broker?

Broker overview and general information

AximTrade was founded in 2022 and is registered in Saint Vincent and the Grenadines to provide online brokerage services. The broker focuses on transparency in its operations and ensures client confidence by emphasizing the safety of funds by separating client funds from company funds, an important measure to prevent risks and protect client interests.

Broker Licensing and Regulation

If you ask whether AximTrade is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

Australian Securities and Investments Commission (ASIC) License No. 001294600, ACN 655 873 377 under AximTrade Pty Limited.
FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (FSA) License No. 328LLC2020

⚠️Warning: From AximTrade broker license check

ASIC License No. 001294600 is no longer an authorized agent or representative.
FSA License No. 328LLC2020 Status is in the process of being cancelled

Trading products and services

Trading products

Forex:Major, minor and exotic currency pairs across the world such as EUR/USD, GBP/USD, USD/JPY, AUD/NZD, USD/TRY and EUR/HUF.
Precious metals:Gold, silver and other metals, both spot and futures trading.
energy:Crude oil and natural gas in the form of CFD contracts
Stock index:Major indices from around the world such as S&P 500, Dow Jones, NASDAQ, FTSE 100 and Nikkei 225.
Cryptocurrency:Popular cryptocurrencies such as Bitcoin, Ethereum and Litecoin
share:Shares of leading companies around the world listed on major stock exchanges.
Commodities:Agricultural products such as wheat, corn and soybeans, as well as industrial metals such as copper and zinc.

Trading Platform

The main platforms supported by the broker include:

MetaTrader 4 (MT4):A popular forex trading platform with comprehensive and easy-to-use functionality.
MT4 Mobile Application:For those who want to trade anywhere, anytime, mobile application

Axim Social: is a serviceCopy TradingOf professional traders with experience and outstanding investment performance.Which is designed by the broker himself

AximTrade Review: Account Types

There are 4 types of trading account types.

Account Type	Minimum Deposit (USD)	Leverage	Main Features
Standard Account	1	1:3000	Seasonal bonus programs, EA allowed, High leverage, Low spreads, High affiliate rebates
Cent Account	1	1:2000	Maximum 200 trading orders, EA allowed, Low spreads, High-speed server
ECN Account	50	1:1000	Low commission of only 3 USD per lot, EA allowed, Low minimum deposit, Low spreads, Liquidity from banks
Infinite Account	1	Unlimited	Unlimited leverage, EA allowed, Low spreads, Requires a minimum trading history of 5 lots to activate

Customer Service

Live chat (24/5 GMT)
Email :[email protected]
LinkedIn :https://www.linkedin.com/company/aximtrade/

Broker Review Overview Summary

From the overview of Axim Trade, there are several concerns about reliability such as licenses that are not expired and are in the process of being canceled, service performance. Since the website is not available, it is not possible to check many important information. Therefore, it is necessary to update again.

However, investing with this broker may not be suitable. Traders should consider before investing.

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AximTrade Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.