Axim Trade is an offshore forex broker that is owned by Thara Heights owner’s Corporation, which is registered in the British Virgin Islands. The brokerage firm is also incorporated in Saint Vincent and the Grenadines as Axim Trade Incorporated (Axim Trade LLC). The broker offers online trading in forex and precious metals via the popular MT4 trading platform. Traders enjoy a range of competitive trading conditions, such as low minimum deposit requirement, tight spreads, and rapid trade execution speeds.
Axim Trade Review Introduction
In this Axim Trade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Axim Trade.
Axim Trade Platforms & Tools
Axim Trade clients are provided with the MetaTrader 4 trading platform, which is the most popular forex/CFD trading platform in the world. It supports fast and quick trade executions, including one-click trading functions and is packed with various inbuilt tools for market analysis and trading. The features can be extended with plugin apps created with the MQL4 programming language. MT4 is available in desktop, web, and mobile versions.
The broker provides, on their website, the Economic Calendar tool, which displays dates, times, countries, and forecasts of economic events and their impacts on the relevant currencies.
Axim Trade Research & Education
There are no educational resources on the broker’s website at the moment.
Axim Trade Trading Accounts
The following account options are available to Axim Trade clients:
- Standard Account: It has a minimum deposit requirement of $1 and a leverage of up to 1:3000. No commissions are charged for trading on this account, while the average spread is 1.0 to 1.6 pips on major forex pairs.
- Cent Account: The minimum deposit for this account type is $1, whereas the maximum leverage is capped at 1:2000. The trade size ranges from 0.01 to 150 lots whilst charging no commission on trades.
- ECN Account: With an initial balance requirement of $50, the ECN Account offers an average spread of 0.2 to 0.7 pips on major forex pairs and charges a commission of $3 on trades. Leverage of up to 1:1000 is available, while the trade size ranges from 0.01 lots to 50 lots.
Swap-free Islamic accounts are available for customers from certain regions and territories. Demo accounts are also provided for clients to try out the broker’s platforms and practice in a risk-free environment before opening a real live trading account.
Axim Trade Account Funding
Axim Trade accepts the following payment methods for deposits and withdrawals:
- Bank transfer
- Electronic payments (Fasapay, WeChat, AliPay, UnionPay)
- Credit/Debit Cards, including Visa and MasterCard
Axim Trade Customer Service
The broker’s customer support team can be contacted via email, live chat, social media, and the ‘Contact Us’ form on their website.
Axim Trade Regulation
Axim Trade is operated by Thara Heights Owner’s Corporation, which is regulated and authorized by the British Virgin Islands Financial Services Commission (BVIFSC). Their registration number is FSC1566389. The broker is also regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines via the Axim Trade Incorporated, with the registration number 328 LLC 2020.
Axim Trade Review Summary
Generally, Axim Trade is an offshore financial services provider that offers online trading of forex and metals through the popular MT4 trading platform. They offer multiple account options, high leverage, low spreads, and low minimum required deposits starting from just $1.
It is worth mentioning that some of the trading products and services in this Axim Trade review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Axim Trade broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.