Axiance Forex Broker

Axiance Forex Broker - Complete Information Guide

1. Broker Overview

Axiance is a multi-asset brokerage firm that operates in the online trading space. Established in 2016, it has quickly positioned itself as a reliable option for traders seeking access to diverse financial markets. The company is headquartered in Limassol, Cyprus, with additional offices located in Mauritius and Seychelles. Axiance operates under private ownership and serves a global clientele, focusing primarily on retail traders.

The firm was formerly known as EverFX and underwent a rebranding to Axiance in August 2021. This transition marked a significant milestone in its development, emphasizing a commitment to transparency and ethical trading practices. The Axiance Group, which owns the Axiance brand, comprises several entities, including ICC Inter Certus Capital Ltd, Aerarium Limited, and Global Aurum Capital Ltd.

Axiance operates primarily in the retail forex and CFD markets, providing traders with access to a wide range of financial instruments. The broker has leveraged advanced technology to enhance trading experiences, ensuring that clients have the tools they need to succeed in their trading endeavors.

2. Regulation and Compliance Information

Axiance is regulated by several key authorities, which adds a layer of security for its clients. The primary regulatory bodies include:

• Cyprus Securities and Exchange Commission (CySEC) - License No. 301/16
• Financial Services Authority (FSA), Seychelles - License No. SD 036
• Financial Services Commission (FSC), Mauritius - License No. GB 20025770

These licenses ensure that Axiance adheres to strict regulatory standards, including the maintenance of segregated accounts for client funds, which protects traders' investments. Additionally, the broker participates in compensation schemes that offer further security for clients in the event of insolvency.

Axiance implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure compliance with international financial regulations. These policies help prevent fraud and protect both the broker and its clients from illicit activities.

3. Trading Products and Services

Axiance offers a diverse range of trading products, catering to various trading strategies and preferences. The key offerings include:

• Forex: Over 50 currency pairs, including major, minor, and exotic pairs.
• CFDs: A wide array of contract for difference products, covering:
• Indices: Major global indices.
• Commodities: Precious metals like gold and silver, as well as energy products such as oil.
• Stocks: Hundreds of shares from top companies in the U.S. and Europe.
• Cryptocurrencies: Trading options for 17 popular cryptocurrencies, including Bitcoin and Ethereum.

The broker continually updates its product offerings to meet the evolving needs of traders. Axiance provides retail trading services primarily, with additional options for institutional clients, though specific details on institutional services are not extensively covered.

4. Trading Platforms and Technology

Axiance supports two of the most popular trading platforms in the industry:

• MetaTrader 4 (MT4): Renowned for its user-friendly interface and extensive features, MT4 is favored by millions of traders worldwide. It offers powerful analytical tools, customizable indicators, and automated trading capabilities through expert advisors.

• MetaTrader 5 (MT5): This platform is the successor to MT4 and includes enhanced features such as additional order types, improved charting tools, and access to a broader range of financial markets.

In addition to the desktop versions of MT4 and MT5, Axiance provides a web-based trading platform and mobile applications for both iOS and Android devices. This flexibility allows traders to manage their accounts and execute trades from anywhere.

The broker operates on an STP (Straight Through Processing) model, ensuring fast execution speeds and direct market access. Axiance's technical infrastructure is robust, with servers strategically located to minimize latency and enhance trading performance. Furthermore, the broker supports API access for automated trading, allowing traders to implement their strategies seamlessly.

5. Account Types and Trading Conditions

Axiance offers three primary account types to cater to the diverse needs of its clients:

• Standard Account:

• Minimum Deposit: $100

• Spread: From 1.2 pips

• Commission: None (spread-inclusive)

• Leverage: Up to 1:500

• Premium Account:

• Minimum Deposit: $5,000

• Spread: From 0.8 pips

• Commission: None (spread-inclusive)

• Leverage: Up to 1:500

• VIP Account:

• Minimum Deposit: $30,000

• Spread: From 0 pips

• Commission: $4 per lot

• Leverage: Up to 1:500

Axiance also provides a demo account, allowing traders to practice their strategies without financial risk. The broker offers competitive leverage across all account types, which can significantly amplify both potential profits and risks.

The minimum trade size is set at 0.01 lots, and overnight fees are applied based on the interest rates of the currencies involved in the trades.

6. Fund Management

Axiance supports a variety of deposit and withdrawal methods, making it convenient for clients to manage their funds. Accepted methods include:

• Bank Transfers
• Credit/Debit Cards (Visa, Mastercard)
• E-wallets (Skrill, Neteller, DragonPay, AstroPay)

The minimum deposit requirement varies by account type, with a starting point of $100 for the standard account. Deposits are generally processed quickly, with most transactions completed within one business day. Axiance does not charge deposit fees.

Withdrawals can be made using the same methods as deposits, with a minimum withdrawal limit of $50. The processing time for withdrawals typically ranges from 1 to 5 business days, depending on the chosen method. Notably, there are no withdrawal fees charged by Axiance, although fees from financial institutions may apply.

7. Customer Support and Educational Resources

Axiance provides various channels for customer support, including:

• Email Support
• Live Chat
• Phone Support

The support team operates from 8:00 AM to 6:00 PM EET, excluding weekends and holidays. While the broker primarily offers support in English, additional language options may be available.

To enhance the trading experience, Axiance offers a range of educational resources, including:

• Webinars
• Tutorials
• E-books
• Market Analysis Services: Daily market outlooks, news updates, and research reports.

These resources are designed to help traders improve their skills and stay informed about market trends.

8. Regional Coverage and Restrictions

Axiance serves a diverse global market but does not accept clients from certain jurisdictions, including:

• United States
• United Kingdom
• Belgium
• Iran
• Canada
• North Korea

The broker has a strong presence in regions such as Europe, Africa, and Asia, with a focus on providing services tailored to local markets. However, potential clients should be aware of the restrictions based on their geographical location when considering opening an account with Axiance.

In summary, Axiance is a well-established broker offering a range of trading services and products. While it operates under multiple regulatory frameworks, potential clients should conduct thorough research to ensure it meets their specific trading needs and compliance requirements.