AxesPrime Forex Broker

AxesPrime Review SummaryFounded2023Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex currency pairsDemo Account✔LeverageUp to 1:500SpreadAround 2 pips for EUR/USDTrading PlatformMetaTrader 5 (MT5)Min Deposit$250Customer SupportPhone: +18028519171Email: support@axes-prime.comCompany address: 20-22 Wenlock Road, London, England, N1 7GU.AxesPrime Information AxesPrime is a forex broker registered in Cameroon. While it claims to offer forex trading on the MetaTrader5 platform with a leverage of up to 1:500 and a choice of five account types. However, the broker operates without a regulatory license from major financial authorities, posing a huge risk to the safety of your money.Pros & ConsProsConsOffers the industry-standard MetaTrader5 platform.Unregulated and blacklisted broker.High leverage up to 1:500.High minimum deposit ($100,00) for advanced accounts.Is AxesPrime Legit? AxesPrime is not a regulated broker. While registered in Cameroon, no information verifies oversight by a legitimate financial authority in its home country. Furthermore, AxesPrime is not licensed by renowned regulatory bodies like the FCA (UK) or ASIC (Australia), making it a very risky when it comes to choice.What Can I Trade on AxesPrime? AxesPrime primarily offers forex trading.Tradable InstrumentsSupportedForex✔Indices❌Shares❌Metals❌Commodities❌ETFs❌Crypto❌Bonds❌CFDs❌Futures❌Account Type AxesPrime provides five live account type: Starter, Silver, Golden, Platinum, and Investor; requiring minimum deposits of $250 up to $100,000. However, the broker does not offer an Islamic account.Account TypeMinimum DepositLeverageStarter$2501:500Silver$5,0001:500Golden$20,0001:500Platinum$50,0001:500Investor$100,0001:500Leverage AxesPrime offers leverage up to 1:500, which is higher than the industry standard. This can amplify potential gains but poses greater risks for novice traders.AxesPrime Fees Spreads for the EUR/USD pair are floating around 2 pips.Trading PlatformsTrading PlatformSupportedAvailable DevicesSuitable for which type of tradersMT4❌\\MT5✔Desktop, mobile, and web.Advanced traders and Intermediate TradersDeposits & Withdrawals AxesPrime has a minimum deposit requirement of $250. Deposit OptionsDeposit OptionsMin. DepositFeesProcessing TimeBank Cards/Transfer$250\\ Withdrawal OptionsWithdrawal OptionsMin. WithdrawalFeesProcessing TimeBank Cards/Transfer\\\