Axon Markets Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.axonmarkets.com/en/auth/register, the company's legitimate regulatory information SeychellesFSARetail Forex License, to enhance the security of the company's address IMAD Complex, Office 12, 3rd Floor,Ile Du Port, Mahe, Seychelles..
Axon Markets Forex Broker
Basic information
Seychelles
1-2 years Regulated in Seychelles Retail Forex License Suspicious Scope of Business Medium potential risk Offshore RegulatedCompany profile
Axon Markets was registered in 2022 in Seychelles. It focuses on the forex, stocks, cryptos, spot metals, indices, and commodities markets, and uses MT5 as its trading platform. The minimum deposit is as low as 10 USD/JPY, but the leverage can be up to 1:2000. Besides, this company is offshore regulated, and please be aware of the risks.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | Offshore regulation risks |
| Islamic accounts | Regional restrictions |
| Low minimum deposit | |
| MT5 provided | |
| Social trading provided | |
| Popular payment options | |
| No fees for deposits and withdrawals | |
| Various channels for customer support |
Is Axon Markets Legit?
Axon Markets is offshore regulated by the Seychelles Financial Services Authority (FSA), and potential risks should be noted.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| The Seychelles Financial Services Authority (FSA) | Offshore Regulated | Seychelles | Retail Forex License | SD115 |
What Can I Trade on Axon Markets?
Axon Markets provides 6 types of products, including forex, spot metals, commodities, indices, stocks, and cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Spot Metals | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Fees
Axon Markets offers 4 types of accounts, including Standard Account, Prime Account, Raw Spread Account, and LeveragePlus Account. Besides, an Islamic Account is also available.
| Account Type | Min Deposit | Max Leverage | Spread | Commission |
| Standard | 50 USD/JPY | 1:500 | From 1.5 pips | ❌ |
| Prime | 1,000 USD/JPY | From 0.6 pips | ||
| Raw Spread | 500 USD/JPY | From 0 pips | $3 / lot | |
| LeveragePlus | 10 USD/JPY | 1:2000 | From 1.8 pips | ❌ |
Leverage
For the LeveragePlus Account, the leverage can be up to 1:2000, and for other types of accounts, the leverage can be up to 1:500. Please be aware of the potential risks brought by high leverage.
Trading Platform
Axon Markets uses MT5 as its trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | PC, web, mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
Social Trading
Axon Markets provides a platform for social trading. On this platform, traders can share their trading experiences.
Deposit and Withdrawal
| Payment Options | Min Deposit/ Withdrawal | Accepted Currencies | Deposit/Withdrawal Fees | Deposit Time | Withdrawal Time |
| Direct Bank Wire | $10 | USD | ❌ | Up to 3 business days | Up to 3 business days |
| Credit Card (Visa/Master) | USD, JPY | Instant | Within 48 hours | ||
| Local Bank Transfer | Multiple local currencies | ||||
| Skrill/Neteller | USD, JPY | ||||
| Perfect Money/AstroPay | |||||
| Tether/Bitcoin | Major cryptos |