Aximtrade Forex Broker

AximtradeReview SummaryFounded2020Registered Country/RegionSaint Vincent and the GrenadinesRegulationUnregulatedMarket InstrumentsForex, Cryptocurrencies, commodities, indices, Metals, EnergiesDemo Account/Leverage1:1000 to Unlimited LeverageSpreadAs Low as 0.0 Pip (ECN account)Trading PlatformMetaTrader4, Mobile AppMin Deposit$1Customer SupportEmail: support@aximtrade.comLive ChatCompany address: 103 566 St Kilda Rd Melbourne VIC 3004Aximtrade Information Aximtrade is a forex broker established in 2020 and registered in Saint Vincent and the Grenadines. It provides multiple account options, such as Cent, Standard, ECN, and Infinite, with leverage ranging from 1:1000 up to unlimited levels. The broker supports trading on the widely used MetaTrader 4 (MT4) platform.Pros & ConsProsConsMultiple tradable productsUnregulatedMT4 and a Mobile App offeredUnavailable websiteSpread As Low as 0 PipHigh leverageIs Aximtrade Legit? No, Aximtrade is not a licensed broker. Its licenses are either revoked or suspected of being a fake clone. In light of this, putting your money on the line would be an inexcusable mistake.Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense NumberAustralia Securities & Investment CommissionRevokedAximTrade Pty LimitedAppointed Representative(AR)001294600Australia Securities & Investment CommissionSuspicious CloneHLK GROUP PTY LTDStraight Through Processing (STP)435746What Can I Trade on Aximtrade? Aximtrade provides clients with a wide selection of tradable assets, including forex pairs, precious metals (gold and silver), energy commodities (crude oil and natural gas), global indices (S&P 500 and NASDAQ), cryptocurrencies (Bitcoin and Ethereum), and individual stocks and commodities from global markets.Trading AssetAvailableforex✔cryptocurrencies✔commodities✔indices✔metals✔energies✔stocks /shares❌CFDs❌options❌funds❌ETFs❌Account Types There are four main kinds of trading accounts available to traders using Aximtrade, which are Cent, Basic, ECN, and Infinite.Account TypesMinimum DepositCent $1Basic$1ECN$50Ifinite/Leverage The leverage provided by Aximtrade is capped at 1:1000 to Unlimited Leverage.Account TypesLeverageCentUp to 1:1000 and 1：2000BasicUp to 1:1000 and 1：2000ECNUp to 1:1000InfiniteUnlimited 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.Spreads This broker claims to offer competitive spreads that vary depending on the trading account type. For example, the Cent account and Standard account have floating spreads starting from 1.0 pips, while the ECN account has the tightest spreads, starting from 0 pips, and charges commissions ranging from $3 per lot.Trading Platform Aximtrade offers its clients two trading platforms: MetaTrader 4 (MT4) and a mobile app. MT4 is a widely recognized platform in the forex industry known for its advanced charting capabilities, technical analysis tools, and customizable interface. However, we couldn't find much information about the Aximtrade Mobile App.Trading PlatformSupported Available Devices Suitable for MT4✔Desktop, Mobile, WebBeginnerAximtrade Mobile App✔Mobile/Trading View❌Desktop, Mobile, Tablets, WebBeginnerMT5❌Desktop, Mobile, WebExperienced traderDeposit and Withdrawal Aximtrade supports a wide range of payment methods, including bank transfers, credit cards, and e-wallets.