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Pros

Wide range of trading accounts available to suit different trading styles and capital levels.
Offers the popular MetaTrader 4 platform, providing a familiar and robust trading experience.
No fees on deposits and withdrawals, making it cost-effective for traders.

Cons

Regulatory concerns, as the broker has faced issues with its regulatory license being revoked.
Slow execution times during peak trading hours, leading to potential requotes and slippage.
Limited promotional offers and bonuses compared to other brokers, which may not attract all traders.

AXFX broker Accounts

AXFX Account Type

AXFX offers three types of live trading accounts to cater to different trader needs:

  • STP Standard Account
    • Minimum Deposit: $100
    • Leverage: Up to 1:400
    • Spread: Starting from 1.8 pips
    • Trading Platform: MT4
    • ECN Advanced Account
      • Minimum Deposit: $20,000
      • Leverage: Up to 1:400
      • Spread: Starting from 1.0 pips
      • Trading Platform: MT4
      • VIP Institutional Account
        • Minimum Deposit: $50,000
        • Leverage: Up to 1:100
        • Spread: Starting from 0.1 pips
        • Trading Platform: MT4

        AXFX provides demo accounts as well, allowing traders to practice without financial risk.

        AXFX Broker Account Opening Process

        To open an account with AXFX, follow these steps:

        • Visit the Official Website: Go to AXFX Website.
        • Choose Account Type: Select the type of account you wish to open (STP Standard, ECN Advanced, or VIP Institutional).
        • Fill Out Registration Form: Provide your personal details, including name, email, and contact information.
        • Submit Identification: Upload necessary identification documents for verification (such as a government-issued ID and proof of residence).
        • Deposit Funds: Make the minimum required deposit for your chosen account type.
        • Start Trading: Once your account is verified and funded, you can begin trading on the MT4 platform.
        • Please note that the official website is currently inaccessible, which may affect the account opening process.

AXFX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
AXFX Account