AXFX Forex Broker

Note: AXFX's official website: https://axfxpv.com/ is currently inaccessible normally.AXFX Review SummaryFounded2022Registered Country/RegionAustraliaRegulationASIC (Revoked)Market InstrumentsForex, precious metals, CFDs, and stock indexDemo Account✅LeverageUp to 1:400SpreadFrom 1.8 pips (STP Standard account)Trading PlatformMT4Min Deposit$100Customer SupportPhone: +61 2 8036 8388Email: cs@axfx.com Founded in 2022, AXFX is a brokerage firm based in Australia. It offers forex, precious metals, CFDs, and stock index trading with leverage up to 1:400 and spread from 1.8 pips on the STP Standard account. Demo accounts are available via the leading MT4 platform. However, the official website is currently inaccessible and the regulatory status is revoked.Pros and ConsProsConsAvailability of MT4 trading platformASIC revokedWide range of trading instrumentsInaccessible websiteMultiple account typesWide spreadsMT4 availableDemo accountsIs AXFX Legit?Regulated CountryRegulatorRegulated EntityStatusLicense TypeLicense No.Australia Securities & Investment Commission (ASIC)AXFXPV PTY LTDRevokedAppointed Representative (AR)1287576What Can I Trade on AXFX?Tradable InstrumentsSupportedCFDs✔Forex✔Precious Metals✔Stock Index✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type AXFX offers three kinds of live accounts: STP Standard, ECN Advanced, and VIP Institutional with the minimum deposits of $100, $20,000 and $50,000 respectively.LeverageAccount TypeMaxLeverageSTP Standard1:400ECN Advanced1:400VIP Institutional1:100 It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Spread AXFX provides the STP Standard account spreads starting from 1.8 pips. In contrast, the ECN Advanced account offers tighter spreads from 1.0 pips. The VIP Institutional account starts from 0.1 pips.Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forMT4✔Mobile (iPhone & Android), computer (PC & Mac), tablet (iPad & Android)BeginnersMT5❌/Experienced traders