Axon Markets Forex Broker
Basic Information
Seychelles
2-5 years Regulated in Seychelles Retail Forex License MT5 Full License Self-developed Regional Brokers Medium potential risk Offshore RegulatedCompany profile
Rating Index
Axon Markets Forex Broker - Complete Information Guide
1. Overview of the Broker
Axon Markets, established in 2023, operates under the brand name of Little Black Diamond Ltd. The broker is headquartered in Victoria, Mahé, Seychelles. It functions as a private entity focused on providing forex trading services to a global clientele. Axon Markets has quickly made a name for itself in the competitive forex trading landscape, primarily catering to retail traders looking for diverse trading options and high leverage.
The company has developed its operations with a clear focus on transparency and user-friendly services, making it appealing to both novice and experienced traders. Its primary market includes individuals interested in forex and CFD trading, with a growing interest in commodities and indices.
Axon Markets has positioned itself as an innovative player, emphasizing technological advancement and user accessibility. The broker's business model includes retail forex trading, offering a wide array of financial instruments while ensuring a streamlined trading experience for its clients. This commitment to customer satisfaction and operational excellence has been a significant milestone in its development.
2. Regulatory and Compliance Information
Axon Markets is regulated by the Seychelles Financial Services Authority (FSA), holding the license number SD 115. The regulatory framework under which it operates allows it to provide trading services to clients internationally, albeit with certain restrictions. The license was obtained in 2023, and it encompasses a range of trading activities, including forex and CFD trading.
The broker adheres to strict compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, ensuring that all clients are verified and that their funds are protected. Axon Markets maintains a policy of segregating client funds from its operational accounts, enhancing the safety of client investments.
However, it is crucial to note that being regulated in Seychelles may not offer the same level of investor protection as brokers regulated in more established jurisdictions such as the United States or the European Union. The lack of participation in an investor compensation fund could also pose risks for traders.
3. Trading Products and Services
Axon Markets offers an extensive range of trading products, including over 40 forex currency pairs that encompass major, minor, and exotic currencies. The broker also provides access to various CFD products, including:
- Indices: 11 index CFDs based on major global stock indices.
- Commodities: CFDs on precious metals like gold and silver, as well as energy products like oil and natural gas.
- Stocks: More than 100 stock CFDs based on shares from US, UK, and EU companies.
- Cryptocurrencies: Although currently not available, Axon Markets plans to introduce cryptocurrency trading options soon.
The broker regularly updates its product offerings to meet the evolving demands of the market, ensuring that clients have access to the latest investment opportunities. With a focus on retail trading services, Axon Markets aims to empower individual traders with the tools they need to succeed in the financial markets.
4. Trading Platforms and Technology
Axon Markets primarily utilizes the MetaTrader 5 (MT5) platform, known for its advanced trading capabilities and user-friendly interface. The MT5 platform is available in desktop, web, and mobile versions, providing traders with the flexibility to manage their accounts from various devices.
The broker supports:
- Automated trading: Traders can utilize Expert Advisors (EAs) for algorithmic trading strategies.
- Web-based platform: This allows for seamless access to trading without the need for software installation.
- Mobile applications: Available for both iOS and Android devices, ensuring that traders can stay connected to the markets on the go.
Axon Markets operates on a No Dealing Desk (NDD) and Straight Through Processing (STP) model, facilitating efficient trade execution. The broker's infrastructure is designed to provide fast order execution and minimal slippage, enhancing the overall trading experience for its clients. Additionally, API access is available for traders interested in automated trading solutions.
5. Account Types and Trading Conditions
Axon Markets offers several account types to cater to different trading preferences:
- Leverage Plus Account: Minimum deposit of $10, spreads starting from 1.8 pips, and no commissions.
- Standard Account: Minimum deposit of $50, spreads starting from 1.5 pips, and no commissions.
- Raw Spread Account: Minimum deposit of $500, with spreads from 0 pips and a commission of $3 per side per lot.
- Prime Account: Minimum deposit of $1,000, spreads starting from 0.6 pips, and no commissions.
The broker offers leverage of up to 1:2000, allowing traders to maximize their exposure in the market. The minimum trade size is 0.01 lots, accommodating both small-scale and larger traders. Axon Markets also provides overnight fees that are competitive within the industry, ensuring transparency in trading costs.
6. Fund Management
Axon Markets supports a variety of deposit and withdrawal methods, including:
- Bank wire transfers
- Credit and debit cards (Visa, Mastercard)
- E-wallets (Skrill, Neteller, Perfect Money)
- Cryptocurrencies (Bitcoin, Ethereum, Litecoin)
The minimum deposit requirement varies by account type, starting from $10 for the Leverage Plus Account. Deposits are processed quickly, often instantaneously, while withdrawals typically take 24 to 48 hours to process, depending on the method used.
Axon Markets does not charge fees for deposits or withdrawals; however, clients should be aware of potential third-party fees from banks or payment processors. The withdrawal limits are designed to provide flexibility, ensuring that clients can manage their funds effectively.
7. Customer Support and Educational Resources
Axon Markets prioritizes customer support, offering multiple channels for traders to seek assistance, including:
- Live chat
- Email support (support@axonmarkets.com)
- Phone support (available during business hours)
The support team operates from Monday to Friday, covering various time zones to assist global clients. While the support is generally responsive, the limited hours may be a drawback for clients seeking 24/7 assistance.
In terms of educational resources, Axon Markets provides basic materials, including FAQs and trading guides. However, the educational offerings could be enhanced to better support traders of all experience levels. Market analysis services, such as daily reports and research, are also available to help clients make informed trading decisions.
8. Regional Coverage and Restrictions
Axon Markets serves clients from various regions, with a notable presence in emerging markets. However, it does not accept clients from certain countries, including:
- United States
- Afghanistan
- Belarus
- Burma
- Central African Republic
- Congo
- Cuba
- Guinea
- Iran
- Libya
- Mauritius
- North Korea
- Somalia
- Syria
- Venezuela
- Zimbabwe
The broker has established regional offices in Mahé, Seychelles, Limassol, Cyprus, and Kuala Lumpur, Malaysia, enhancing its ability to cater to diverse client needs across different markets.
In summary, the Axon Markets broker presents a competitive option for traders looking for high leverage and a wide range of trading instruments, albeit with some caution regarding its regulatory status in an offshore jurisdiction.
Axon Markets Similar Brokers
Latest Reviews
jantrading
Switzerland
Axon Markets is a scam broker. I traded XNGUSD using a manual, multi-day swing strategy: sell positions opened early in the week based on price action and fundamentals, then closed later to avoid weekend risk. All trades were held for 2–5 days - no scalping, no latency, no bots. After earning $16,600+ in legitimate profit, my account was blocked without warning, and all gains were deleted using a “Profit Adjustment” entry. I was never paid out. Their excuse: “arbitrage on misconfigured prices” - but they provide no evidence, timestamps, or specific trades. Meanwhile, losses were kept untouched, proving that only losing trades are allowed. I still have full access to MT5 via a virtual machine, with complete trade logs, execution timestamps, and screenshots proving normal activity. Support responded once, then ignored all follow-ups. If you make money here, they will find a reason to steal it. Avoid at all costs.
Exposure
08-03
FX1029757449
Japan
Being able to use cryptocurrency for withdrawals was incredibly helpful. I didn't experience any particular inconveniences.
Positive
07-28
jantrading
I am posting this to warn others and to ask if anyone had similar issues with Axon Markets or other offshore brokers. I traded XNGUSD (natural gas) using a simple multi-day swing strategy: I opened sell trades based on technicals and fundamentals early in the week and closed them later to avoid weekend risk. These were normal trades held for several days, no scalping, no bots, no latency tricks - just clean manual execution through MT5. I made over 16100 USD in profit. Shortly after closing the trades, Axon Markets blocked my account and used a "Profit Adjustment" to erase all gains. They claimed arbitrage on misconfigured prices but provided no proof, no timestamps, and no evidence of any rule violation. Meanwhile, all loss trades stayed untouched - so they only let you lose, not win. I still have full access to my MT5 terminal because it was running on a virtual machine. I downloaded the full trade report and journal log before they could cut access. I am attaching screenshots and the HTML trade report to this post. They replied once, saying the case was forwarded, and have ignored every message since. Has anyone else had profits deleted like this? - What are your experiences with offshore brokers? - Can we report this to the Seychelles FSA with any hope of result? - Any recommendations for reliable brokers who actually pay out? Would love to hear what the community thinks. Thanks in advance.
Exposure
08-04