AXICOM Broker Review

Axicom 2025 Review: Everything You Need to Know

　　Summary: Axicom is a Belize-based forex broker established in 2018, offering trading through the MT4 platform. However, it has received a low trust score due to regulatory concerns and user complaints about fund withdrawal issues. Caution is advised for potential users, especially considering the differences in regulatory oversight across regions.

　　Note: It is important to highlight that Axicom operates under different entities across various jurisdictions, which can significantly affect user experience and regulatory protections. We have taken a comprehensive approach to ensure fairness and accuracy in this review.

Ratings Overview

　　How We Rate Brokers: Our rating system evaluates brokers based on user feedback, expert reviews, and comprehensive research into their services and offerings.

Broker Overview

　　Founded in 2018, Axicom is a forex and CFD broker based in Belize. The broker primarily offers trading through the widely-used MT4 platform. Axicom provides access to a limited range of tradable assets, primarily focusing on forex pairs. The broker claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) and the National Futures Association (NFA), but it has received a low trust score of 1.52 on WikiFX, raising concerns about its reliability.

Detailed Information

• Regulated Regions: Axicom operates in various regions, including Belize, but its regulatory status is questionable. Users should verify the specific regulatory authority applicable to their region.
• Deposit/Withdrawal Currencies: The broker accepts various currencies for deposits and withdrawals, but specific details on supported currencies were not readily available.
• Minimum Deposit: The minimum deposit requirement is not clearly stated, but users have reported needing a significant amount to access certain features.
• Bonuses/Promotions: Axicom does not appear to offer any significant bonuses or promotions, which could make it less attractive for new traders seeking incentives.
• Tradable Asset Categories: The broker primarily offers forex pairs, but the selection is limited compared to other major brokers.
• Costs (Spreads, Fees, Commissions): Axicom has been noted for having higher spreads, especially on standard accounts, and a commission of $7 for pro accounts. Users should be aware of potential hidden fees.
• Leverage: The leverage options available to Axicom users can vary based on the regulatory jurisdiction, with some users reporting leverage up to 1:500.
• Allowed Trading Platforms: The primary trading platform offered is MT4. There is no indication that MT5 is available, which may limit advanced trading features.
• Restricted Regions: Axicom does not accept clients from several countries, including the United States, which could be a significant limitation for potential users.
• Available Customer Service Languages: Customer service is primarily offered in Chinese, and the support response time varies, with users reporting delays.

Repeated Ratings Overview

Detailed Breakdown

• 　　Account Conditions: Axicom's account conditions are not as competitive as other brokers, with limited account types and high minimum deposit requirements for certain features. The feedback from users indicates dissatisfaction with the overall account structure.

• 　　Tools and Resources: The broker provides basic trading tools through the MT4 platform, but lacks advanced features and educational resources compared to other brokers. Users may find the tools insufficient for comprehensive market analysis.

• 　　Customer Service and Support: Customer service has received mixed reviews, with some users reporting long wait times and unhelpful responses. The support is primarily available in Chinese, which may limit accessibility for non-Chinese speaking users.

• 　　Trading Setup/Experience: The trading experience on the MT4 platform is generally positive, with users appreciating the familiar interface. However, the lack of MT5 and advanced tools may deter more experienced traders.

• 　　Trustworthiness: Axicom's low trust score and regulatory concerns significantly impact its perceived reliability. Users have raised issues about fund withdrawals and overall transparency, leading to skepticism about the broker's operations.

• 　　User Experience: Overall user experience is hindered by the broker's limited offerings and regulatory issues. Many users express concerns about the safety of their funds and the quality of customer support.

　　In conclusion, while Axicom offers a familiar trading platform and basic features, its low trust score and regulatory concerns make it a risky choice for traders. Prospective users should exercise caution and consider alternative brokers with stronger regulatory oversight and better user feedback.