AxCap247 Forex Broker

AxCap247 Forex Broker - Complete Information Guide

1. Broker Overview

　　AxCap247, officially known as Axis Capital Markets Limited, was established in 2007. The company is headquartered in London, United Kingdom, with its primary office located at Princes Court, 7 Princes Street, London, EC2R 8AQ. As a privately held entity, AxCap247 focuses on providing a variety of financial services to its clients.

　　The broker primarily serves the retail forex trading market, catering to individual traders and investors looking for a reliable platform to engage in forex and CFD trading. Over the years, AxCap247 has developed a reputation for offering competitive trading conditions and a user-friendly trading experience.

　　AxCap247 has achieved several milestones since its inception, including securing regulatory approval from the UK's Financial Conduct Authority (FCA), which is a significant achievement in the competitive forex industry. This regulatory oversight enhances the broker's credibility and assures clients of the safety of their funds.

　　The parent company, Axis Capital Markets Limited, operates under a business model that focuses on retail forex trading and institutional services, providing clients with access to a wide range of financial instruments.

2. Regulation and Compliance Information

　　AxCap247 is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, with the regulatory number 589327. This regulatory body is known for its strict compliance requirements, ensuring that financial firms operate transparently and ethically.

　　The FCA license is valid for various trading activities, including forex and CFDs, and requires the broker to adhere to high standards of financial security. AxCap247 maintains segregated client accounts, ensuring that clients' funds are kept separate from the company's operational funds, which adds an extra layer of protection.

　　Moreover, the broker participates in the Financial Services Compensation Scheme (FSCS), which provides compensation to clients in case the broker cannot meet its financial obligations. Clients are protected up to £85,000 under this scheme, enhancing the overall security of their investments.

　　AxCap247 implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to prevent fraud and ensure compliance with international regulations. This involves verifying the identity of clients and monitoring transactions for suspicious activities.

3. Trading Products and Services

　　AxCap247 offers a diverse range of trading products, including over 70 forex currency pairs. The broker provides access to major, minor, and exotic currency pairs, allowing traders to capitalize on various market opportunities.

　　In addition to forex, AxCap247 offers a selection of CFD products across different categories, including:

• Indices: Major global indices such as the UK 100 and US30.
• Commodities: Trading options on oil, gold, silver, and other commodities.
• Soft Commodities: Including agricultural products like coffee and sugar.

　　While the broker does not currently offer stocks or cryptocurrencies, it regularly updates its product offerings to meet market demands. Retail trading services are a primary focus, but institutional clients can also benefit from tailored solutions.

　　AxCap247 does not provide white-label solutions or asset management services at this time, focusing instead on direct trading services for retail clients.

4. Trading Platforms and Technology

　　AxCap247 supports the widely-used MetaTrader 4 (MT4) trading platform, which is renowned for its robust features and user-friendly interface. The MT4 platform provides traders with advanced charting capabilities, in-depth market analysis tools, and automated trading options through Expert Advisors (EAs).

　　The broker does not offer a proprietary trading platform but ensures that the MT4 platform is accessible via various devices, including:

• Web-based platform: Traders can access their accounts through any browser without the need for downloads.
• Mobile applications: The MT4 mobile app is available for both iOS and Android devices, enabling traders to manage their accounts on the go.

　　AxCap247 operates under an STP (Straight Through Processing) execution model, ensuring that trades are executed directly in the market without interference. This model enhances transparency and efficiency in trade execution.

　　The broker's servers are strategically located to provide optimal connectivity and fast execution speeds. Additionally, AxCap247 supports API integration for automated trading, catering to traders who prefer algorithmic strategies.

5. Account Types and Trading Conditions

　　AxCap247 offers a straightforward account structure, primarily featuring a standard trading account with the following conditions:

• Minimum deposit: $100
• Spread: Starting from 1.9 pips for major currency pairs.
• Commission: No additional commission charges.

　　For more experienced traders, the broker may provide access to advanced account types, including VIP and professional accounts, which typically require higher minimum deposits and may offer better trading conditions.

　　AxCap247 does not currently offer Islamic accounts or specialized corporate accounts. However, the broker allows clients to open demo accounts for practice, enabling them to familiarize themselves with the trading environment without risking real capital.

　　Leverage offered by AxCap247 is capped at 30:1 for retail clients, in line with FCA regulations. The minimum trade size is set at 0.01 lots, allowing flexibility for traders with varying risk appetites.

　　Overnight fees and other trading costs are applicable, but specific details regarding these fees are not publicly disclosed and should be clarified directly with the broker.

6. Fund Management

　　AxCap247 provides a variety of deposit methods to facilitate client funding, including:

• Bank transfers
• Credit cards (Visa, MasterCard)
• E-wallets (Neteller, Skrill)

　　The minimum deposit requirement varies by account type, with the standard account starting at $100. Deposits are typically processed quickly, with most transactions completed within one business day.

　　AxCap247 does not charge deposit fees, making it cost-effective for clients to fund their trading accounts. However, withdrawal methods are limited to the same options available for deposits, and processing times may vary depending on the method chosen.

　　Withdrawal requests are generally processed within 1-3 business days, but clients should be aware of potential delays during peak periods. The broker's fee structure for withdrawals is not explicitly stated, and clients are encouraged to confirm any applicable fees with customer support.

7. Customer Support and Educational Resources

　　AxCap247 offers multiple customer support channels, including:

• Phone support: Available at +44 (0) 203 026 0320.
• Email support: Clients can reach out via support@axcap247.com.
• Live chat support: Available on the broker's website for immediate assistance.

　　Customer service operates during standard business hours, covering major time zones to assist clients effectively. The broker provides support in English, catering to a broad audience.

　　In terms of educational resources, AxCap247 offers various materials, including:

• Webinars and tutorials: Covering trading strategies and platform usage.
• Market analysis services: Daily market updates, news, and research reports to keep traders informed.

　　Additionally, the broker provides essential trading tools, such as calculators and economic calendars, to aid clients in their trading decisions.

8. Regional Coverage and Restrictions

　　AxCap247 primarily serves clients in the United Kingdom and other regions where its regulatory framework is recognized. The broker has established a strong presence in the European trading market.

　　While the broker operates globally, it may have specific restrictions on clients from certain countries due to regulatory compliance. Notably, clients from jurisdictions where AxCap247 does not hold a license may be unable to open accounts.

　　The broker does not disclose a comprehensive list of restricted countries, and potential clients are encouraged to verify eligibility before attempting to register.

　　In summary, AxCap247 is a regulated forex broker that offers a range of trading products and services, primarily focusing on the retail trading market. With its FCA regulation, competitive trading conditions, and user-friendly platform, it aims to provide a reliable trading experience for its clients.