Axiance Forex Broker

Axiance Review Summary in 10 Points Founded 2023 Registered Country/Region Seychelles Regulation FSA offshore regulated, suspicious CYSEC clone Market Instruments CFDs on global stocks, forex, commodities, cryptocurrencies Demo Account Available Leverage Up to 1:500 EUR/USD Spread From 0.0 pips Trading Platforms Proprietary platform Minimum Deposit USD 100 Customer Support Email, address, live chat, contact us form, social media What is Axiance？ Axiance, the trade name of Aerarium Limited and used by the Axiance Group of companies, is a trademark owned by multiple entities of the Axiance Group. It's an international brokerage headquartered in Seychelles and offers a diverse range of financial instruments, including Forex, Oil, Gold, Stocks, and CFDs. However, it is under FSA offshore regulation and holds a suspicious CYSEC clone license, raising concerns about its legitimacy and accountability. In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding. Pros & Cons Pros Cons • Multiple account types • FSA offshore regulated and suspicious CYSEC clone • Demo account available • Not accept clients from certain countries • Tight starting spreads • No MT4/5 trading platform Pros: Three different account types of the broker offer flexibility and cater to diverse trading preferences. Availability of a demo account allows for risk-free practice and strategy development for traders. Tight starting spreads from 0.0 pip provide cost savings option for traders. Cons: FSA offshore regulation and suspicious CYSEC clone licensing raises concerns about regulatory oversight and credibility. Client restrictions across the United States of America, Canada (including Quebec), Seychelles, Belgium, North Korea etc limit market accessibility. Absence of the popular MT4/5 trading platform inconveniences traders accustomed to its features and functionalities. Is Axiance Safe or Scam？ When considering the safety of a brokerage like Axiance or any other platform, it's important to conduct thorough research and consider various factors. Regulatory sight: Axiance is currently under FSA (The Seychelles Financial Services Authority) offshore regulation with license no. SD036 and holds a suspicious CYSEC (Cyprus Securities and Exchange Commission) clone license numbering at 301/16, suggests questionable regulatory oversight. Investors should be careful due to potential lack of stringent regulation, raising concerns regarding transparency and reliability in financial operations. User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the company's operations. Security measures: Axiance employs top-tier bank partnerships to segregate and secure funds, instilling confidence in financial transactions. With stringent privacy standards, they transparently manage data usage, prioritizing customer privacy and security by default. In the end, choosing whether or not to engage in trading with Axiance is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities. Market Instruments On Axiance, traders have access to more than 5000 assets across over 200 market instruments, spanning across diverse asset classes. This includes Contracts for Difference (CFDs) on global stocks, enabling investors to speculate on the performance of prominent companies worldwide. Additionally, the platform offers a comprehensive selection of forex pairs, facilitating trading opportunities in the dynamic currency markets. Complementing these offerings are CFDs on commodities, allowing traders to engage with various raw materials such as precious metals, energies, and agricultural products. Moreover, Axiance caters to the growing demand for cryptocurrency trading, providing CFDs on popular digital assets like Bitcoin, Ethereum, and others. Account Types Axiance offers a tiered system of account types designed to accommodate traders of varying experience levels and investment sizes. Axiance's demo Account provides traders with a risk-free environment to explore the platform's features, practice trading strategies, and enhance their skills using virtual funds. With a Standard account, accessible with a minimum deposit of $100, offers traders a foundational platform to engage in trading activities with essential features and functionalities. For those seeking more advanced features and benefits, the Premium account requires a minimum deposit of $5,000, offering enhanced services and priority support. For seasoned traders and high-net-worth individuals, the VIP account, requiring a minimum deposit of $30,000, provides exclusive perks, personalized assistance, and access to premium trading tools, meeting the needs of sophisticated investors. This tiered approach ensures that traders can select an account type that aligns with their requirements, enabling them to trade with confidence and maximize their potential in the financial markets. How to Open an Account？ To open an account with Axiance, you have to follow below steps: Visit the Axiance website, locate and click on the 'REGISTER'. Fill in the necessary personal details required. Complete any verification process for security purposes. Once your account has been approved, you can set up your investment preferences and start trading. Leverage Axiance provides traders with the opportunity to amplify their trading positions through leverage of up to 1:500. This high level of leverage empowers traders to control larger positions with a relatively small amount of capital, potentially magnifying both profits and losses. While leverage can enhance trading opportunities, it also carries increased risk, requiring traders to implement effective risk management strategies to safeguard their investments. Spreads & Commissions Axiance's account tiers cater to varying trading preferences and styles, with the Standard account boasting a minimum spread from 1.2 pips, the Premium account offering tighter spreads from 0.8 pips, and the VIP account providing competitive spreads from 0 pips while maintaining a commission of $4 per lot. Account Type Standard Account Premium Account VIP Account Minimum Deposit 100 5000 30000 Leverage Up to 1:500 Up to 1:500 Up to 1:500 Minimum Spread From 1.2 pips From 0.8 pips From 0 pips Commission / / $4 per lot This structure allows traders to select an account type that aligns with their trading strategy, budget, and desired level of service, ensuring a tailored trading experience that meets their individual needs. Trading Platforms Axiance provides traders with a powerful trading experience through its proprietary platform, available for download on both iOS and Android devices. With its user-friendly interface and advanced features, the app enables traders to stay connected to the markets and execute trades on the go, ensuring flexibility and convenience. Whether on iOS or Android, users can access a comprehensive suite of trading tools, real-time market data, and account management functionalities, empowering them to make informed decisions and seize opportunities wherever they are. Trading Tools Axiance's VPS Hosting service empowers traders to automate their strategies, providing enhanced control and flexibility over their trading environment. With free Expert Advisors hosting, traders can optimize returns around the clock with precision, speed, and uninterrupted uptime, ensuring efficient execution of trading algorithms for maximized profitability and performance. Deposit & Withdrawal Axiance offers multiple convenient payment methods for electronic fund transfers, ensuring swift processing for seamless transactions. Debit/credit card and e-wallet transactions are instantly processed, providing immediate access to funds. Bank transfers may take one to three business days depending on the bank, while withdrawal processing typically requires one business day, contingent upon the completeness of information provided. A minimum withdrawal requirement of 50 EUR/USD/GBP applies to credit/debit cards and bank transfers, facilitating efficient and hassle-free fund management for traders across various platforms. For more details, you can visit https://www.axiance.com/int/funding-and-withdrawals#t:tab-deposit-credit-card. Customer Service Axiance offers a range of customer service channels for trader support, including live chat forimmediate support, email for detailed inquiries, a physical address for in person visits, a convenient contact us form and communication via Facebook, Instagram, LinkeIn, Twitter and YouTube. This multi-channel approach ensures timely and accessible support for traders' queries and concerns. Registered address: CT House, Office 9A, Providence, Mahe, Seychelles. Email: support@axianceint.com. Education Axiance's glossary page serves as an educational hub, providing traders with clear definitions and explanations of essential terms and concepts in the financial markets. This resource equips traders with the knowledge needed to navigate the complexities of trading, empowering them to make informed decisions and enhance their trading strategies effectively. Conclusion In summary, Axiance is an online brokerage firm registered in Seychelles who offers a wide range of trading instruments including CFDs on global stocks, forex, commodities, cryptocurrencies. However, it's crucial to note that Axiance is currently under FSA offshore regulation and is suspected to be CYSEC clone, raising concerns about its accountability and commitment to client safety. Therefore, you should be cautious when deciding to trade with this broker and consider alternative brokers with established regulatory oversight to mitigate potential risks. Frequently Asked Questions (FAQs) Q 1: Is Axiance regulated？ A 1: Yes, it‘s been confirmed that the broker is currently under FSA regulation and being suspected as CYSEC clone. Q 2: Is Axiance a good broker for beginners？ A 2: No, it’s a good broker because its not well regulated by FSA or CYSEC. Q 3: Does Axiance offer the industry leading MT4 & MT5？ A 3: No. Q 4: Does Axiance offer demo accounts？ A 4: Yes. Q 5: What is the minimum deposit for Axiance？ A 5: The minimum initial deposit to open an account is $100. Q 6: On Axiance, are there any regional restrictions for traders？ A 6: Yes, it does not offer services to citizens/residents of the United States of America, Canada (including Quebec), Seychelles, Belgium, North Korea etc. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.