Axiom broker Accounts

axiom Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

axiom Account Types Explained

Axiom offers a variety of account types tailored to different trading needs and preferences. Below is a comprehensive overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Suitable for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginners and retail traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; lower spreads; ideal for scalping.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Enhanced trading conditions; suitable for high-volume traders.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no swap fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk; access to all trading instruments.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: Pro Account
• Advanced: ECN Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed axiom Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Easy to understand for beginners.

• No commission fees.

• Wide range of trading instruments.

• ECN Account:

• Low spreads and direct market access.

• Ideal for high-frequency trading.

• Transparency in pricing.

• Pro Account:

• Competitive spreads and lower commissions.

• Suitable for professional traders.

• Access to advanced trading tools.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free environment to practice trading.

• Access to all trading features.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited features for advanced traders.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• Higher minimum deposit requirement.

• May not be suitable for casual traders.

• Islamic Account:

• Limited availability of certain features.

• May have fewer trading instruments compared to standard accounts.

• Demo Account:

• Virtual funds may not reflect real trading conditions.

• Limited duration for practice.

axiom Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Certain jurisdictions may be restricted (specific countries not listed).
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Axiom adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring the submission of identification and proof of residence documents during the registration process.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step axiom Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Navigate to the Axiom website and click on the "Sign Up" or "Register" button.
2. Personal Information Entry: Fill out the required personal information, including your name, email address, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete, which may take 1-3 business days.
7. Fund Your Account: Once verified, deposit funds into your account using your preferred payment method.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor differences in layout and navigation.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format (PDF or JPEG).
• Issue: Verification delays.
• Solution: Contact customer support to check the status of your application.

Average Account Approval Time

• Account approval typically takes between 1 to 3 business days, depending on the volume of applications and the completeness of documentation.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade by contacting customer support or through their account management portal, subject to the new account type's requirements.

axiom Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, similar trading conditions to live accounts.
• Benefits: Practice trading strategies without financial risk; familiarize yourself with the trading platform.

How to Open a Demo Account

• Visit the Axiom website, select "Open Demo Account," and follow the registration process similar to the live account setup.

Demo Account Limitations

• Demo accounts may have a limited duration (typically 30 to 90 days) and may not reflect real market conditions.

Virtual Balance Amount

• Demo accounts usually come with a virtual balance of $100,000 or more, allowing users to practice trading strategies.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and actual trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 to 90 days of inactivity, depending on the broker's policies.

axiom Islamic Account Details

Swap-Free/Islamic Account Availability

• Axiom offers Islamic accounts that comply with Sharia law, ensuring no swap fees are charged.

Eligibility Requirements

• To qualify for an Islamic account, traders must confirm their adherence to Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts have similar trading conditions to standard accounts but are structured to avoid interest charges.

How to Apply for Islamic Account

• Traders can apply for an Islamic account during the registration process by selecting the Islamic account option.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading instruments and leverage.

FAQs – axiom Account Types & Opening

1. What account types does axiom offer？

• Axiom offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: N/A.

1. How long does axiom account verification take？

• Verification typically takes 1-3 business days.

1. Does axiom offer demo accounts？

• Yes, Axiom provides demo accounts for practice trading.

1. Can I have multiple account types with axiom？

• Yes, traders can open multiple account types.

1. Does axiom offer Islamic/swap-free accounts？

• Yes, Axiom offers Islamic accounts that are swap-free.

1. What documents do I need to open a axiom account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.