If you’re new to forex trading or looking for more information about AximTrade, you’ve come to the right place! This article aims to address the most frequently asked AximTrade FAQs. We will explore topics such as opening an account, available trading platforms, and the educational resources they provide. So, let’s jump right in and get started on this insightful journey!
What is AximTrade?
AximTrade is a reputable Forex broker that offers convenient online trading services to both retail and institutional clients. They provide a wide range of financial instruments, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies. AximTrade is dedicated to delivering a seamless and user-friendly trading experience through its advanced platform, enabling traders to effortlessly access global financial markets and execute trades with precision.
This AximTrade Review will help you uncover the ratings of the brand, the security of funds, the platform stability, and the efficiency of trading conditions.
What are the Account Types offered by AximTrade?
AximTrade offers different types of trading accounts to cater to various trading needs and experience levels. These accounts may include a Demo account, a Standard account, a Cent account, an ECN account, and Infinite Leverage Account, each with different trading conditions.
How to Open a Trading Account with AximTrade?
To open a trading account, log in to your member account from AximTrade login. Click ” + Open Extra Account” on the top right. Select your desired account type, name the account, and set trading and investor passwords. Ensure the investor password differs from the account password, using a mix of upper- and lower-case letters plus numbers. Click “Done”. Your trading account is now set for use and can be viewed under “My Accounts”.
How to Install AximTrade MetaTrader 4 (MT4)?
After creating your account, you’ll receive MT4 details (server address, username, password). Download the platform from the website, choosing OS and device type. MT4 has both Mobile and Desktop versions. On AximTrade, visit Downloads, pick your version (Android, iOS, Windows, Mac). Install by opening the downloaded file, clicking Next, then Finish. Select “AximTrade-Live,” click “Existing trade account,” and input the account number, and password. You’re set to start trading!
Find out how to download and install AximTrade MetaTrader 4 (MT4) in detail!
What are the Trading Instruments Available on AximTrade Platform?
AximTrade offers a range of trading instruments for its users. AximTrade’s trading instruments include Forex pairs, Metals and energy, Indices, Crypto, Stocks and Commodities. It’s important to note that AximTrade provides derivatives (CFDs) on assets, rather than real assets, so users should check their local regulations before signing up. Users can explore a range of trading instruments, from traditional forex pairs to CFDs based on important stock indices.
How does AximTrade’s Leverage work?
AximTrade offers different leverage options depending on the account type. Leverage is available up to 1:3000 for the Standard account, up to 1:2000 for the Cent account, and up to 1:1000 for the ECN account. AximTrade also offers an infinite leverage account that allows traders to borrow an unlimited amount of trading capital. However, it is important to remember that using leverage is risky and must be done carefully.
Are there any Demo Accounts available on AximTrade?
Yes, there are demo accounts available on AximTrade. Beginners can start by creating a demo account to learn trading intricacies without financial risk. This practice account lets them refine forex skills, master navigation, execute trades, and grasp AximTrade’s tools. It’s a great chance to build confidence with the platform before live trading.
AximTrade FAQ: Deposit and Withdrawal
How to Deposit Funds on AximTrade Accounts?
Log into the Member’s Area, click Deposit from the menu, and select your preferred payment option to deposit funds into your trading accounts. Follow the instructions given and complete the necessary steps. Third-party deposits are not permitted. Traders can only make payments to and from accounts that share the same name as their registered accounts.
What is the AximTrade Minimum Deposit?
The minimum deposit for opening an AximTrade broker account varies by account type. Those who choose the Standard, Cent, or Infinite Leverage Accounts will need to deposit only $1. Whereas traders with ECN Accounts must make a minimum deposit of $50. Keep in mind that these minimums can change. For the latest information, visit the AximTrade website or contact customer support.
How to Withdrawal Funds from AximTrade Accounts?
The first step is to ‘login’ to the Member’s Area, click Withdrawal from the menu, select your preferred option, and enter your withdrawal amount. Follow the instructions to complete the steps. Trading account balances will be debited automatically. However, only clients with validated trading accounts and supporting documents can withdraw money. To withdraw funds, members must upload their supporting documents (proof of identity and proof of address) to their Member’s Area.
Is there a Withdrawal Fee in AximTrade?
No, AximTrade does not impose fees for deposits and withdrawals. Additionally, withdrawal requests are processed within 24 working hours. Submitted requests instantly show as pending withdrawals in clients’ trading accounts. Withdrawals are processed in the original deposit currency. If the deposit and transfer currencies differ, AximTrade converts the transfer amount at the current exchange rate.
What is the AximTrade Withdrawal Limit?
Yes, there is a minimum withdrawal amount in AximTrade. The minimum withdrawal amounts vary based on the payment method and currency. Here are the current minimums:
- Neteller, Skrill: 5 EUR
- FasaPay: 90,000 IDR
- USDT: 10 USDT
- INR: ₹100
- Perfect Money: 5 USD
- Online Banking RUB: 1,500 RUB
- Online Banking KZT: 10,000 KZT
- Online Banking UAH: 100 UAH
- GROWPAY UZS: 225,000 UZS
- Local Bank Transfer: 100 MYR, 30,000 IDR, 500 THB, 100,000 VND, 100 CNY, 100 INR and 1,000 JPY
- Local Depositor: 5 MYR / 14,500 IDR / 10 BND / 20 EGP / 20 TRY / 20 MAD / 20 ILS / 200 DZD / 3,000 SYP / 15,000 IQD / 5 AED / 5 TND / 250 YER
Note that these amounts can change, so refer to AximTrade for updates.
How long is the AximTrade Withdrawal Time?
Withdrawals will be processed within 24 working hours; however, pending withdrawals will be reflected instantly in the trading account. If a client selects the wrong withdrawal method, their request will be processed according to the above procedures. Withdrawals must be processed in the currency in which the deposit was made. AximTrade will convert the transfer amount into the transfer currency if the deposit currency differs from the transfer currency.
What is the Minimum and Maximum Lot Size in AximTrade?
At Aximtrade, traders are required to maintain a minimum trade volume of 0.01 lots. It’s worth noting that while the maximum lot size for standard and ECN accounts is 50 lots, for cent accounts it increases to 150 lots. Moreover, with infinite leverage accounts, the maximum lot size is set at 25 lots.
How Much is 0.01 lot in AximTrade?
For AximTrade’s Standard and ECN accounts, as well as Infinite leverage, one lot is equivalent to 100,000 currency units. In the case of AximTrade’s Cent account, one lot corresponds to 1000 units of the base currency in a forex trade.
How is the Spread Calculated in AximTrade?
AximTrade provides competitive spreads that vary depending on the trading account type. The Cent account and Standard account offer floating spreads starting from as low as 1.0 pips, while the ECN account boasts an impressive spread as low as 0.0 pips. As for Infinite Leverage Accounts, the spread is a mere 3 pips.
What are the AximTrade Deposit Methods Available?
AximTrade offers diverse deposit methods for traders to fund their accounts, including local bank transfer, local depositor, and a range of e-wallets like Neteller, Skrill, FasaPay, WeChat, AliPay, China Union Pay, MomoPay, Zalopay, UPI, Paytm, as well as online banking options like RUB, KZT, UAH, and UZS. Additionally, traders can use cryptocurrencies such as USDT (TRC20), USDT (ERC20), and BEP-20 for swift and secure deposits.
What are the AximTrade Withdrawal Methods Available?
AximTrade offers diverse Withdrawal methods for traders, such as local bank transfer, local depositor, and a range of e-wallets like Neteller, Skrill, FasaPay, INR Withdrawal as well as online banking options like RUB, KZT, UAH, and UZS. Additionally, traders can use cryptocurrencies such as USDT (TRC20), USDT (ERC20), and BEP-20 for swift and secure deposits.
AximTrade FAQ: Trading With AximTrade
How to Start Trading Cryptocurrencies on AximTrade’s Platform?
Trading Crypto is now easy when you choose AximTrade. Simply open a trading account with AximTrade and take advantage of both the crypto and forex markets with the best trading conditions and lowest capital you can invest. AximTrade offers crypto traders access to 36+ cryptocurrencies, which include Bitcoin, Ethereum, Binance Coin, Dogecoin, and others.
How to Start Trading Gold on AximTrade’s Platform?
To access your member account on AximTrade, log in and click “+ Open Extra Account” in the top right corner. For trading Gold, select Metals and choose the “XAUUSD.ax” pair. Select your preferred account type, create a name and strong password (make sure the Investor password is different). Save your changes by clicking “Done”. Your Gold trading account is now ready. Find all your accounts under the “My Accounts” tab.
How to Start Trading Stocks on AximTrade’s Platform?
To open a stock trading account, log in to your member account from AximTrade login, and click on the “+ Open Extra Account” button on the top right. Choose your Trading Asset as Stocks. Then Choose your preferred account type. Name your account and set up separate trading and investor passwords. Include lowercase and uppercase letters, along with numbers. Click “Done.” Your stock CFDs trading account is now available under “My Accounts.”
How to Start Trading Energies/Oil on AximTrade’s Platform?
To open a stock trading account, log in to your member account from AximTrade login, and click on the “+ Open Extra Account” button on the top right. Choose your Trading Asset as Energies and specify the commodity. Then Choose your preferred account type. Name your account and set up separate trading and investor passwords. Include lowercase and uppercase letters, along with numbers. Click “Done.” Your stock CFDs trading account is now available under “My Accounts.”
AximTrade FAQ – Mobile Trading App
Is it possible to access AximTrade on a mobile device?
Yes, it is possible to access AximTrade on a mobile device. AximTrade offers a mobile app for both iOS and Android devices. The mobile app is designed to simplify and facilitate account management and trading, providing users with all the necessary tools and features for a seamless and effective trading experience.
How to Download the AximTrade Mobile App?
Go to the AximTrade website at https://www.aximtrades.com/download. Click on the “Download” button next to the mobile app icon. Wait for the app to download and install on your device. Once the installation is complete, open the app and log in to your account or create a new one if you don’t have an account yet. AximTrade App is available free in both the App Store and Google Play for iOS and Android devices.
What are the Features of AximTrade Mobile App?
With the AximTrade mobile app, users can manage their accounts, access real-time data notifications, track transaction history, and perform the full range of functions related to trading. The app features a user-friendly interface and cutting-edge technology to keep users informed about their trading accounts. You can download the AximTrade mobile app from the App Store or Google Play.
AximTrade FAQ: Learning With AximTrade
Does AximTrade provide Educational Resources for traders?
Yes, AximTrade provides educational resources for traders. AximTrade offers weekly insights, market analysis, and educational articles on AximDaily site. The broker also launched a multi-level free online forex course conducted by professional traders to help traders from all levels sharpen their trading skills.
How to Access the AximTrade Forex Course?
To access the AximTrade Forex Course, follow these steps:
- Go to the AximTrade website at https://www.aximdaily.com/best-free-online-forex-course/?amp=1.
- Click on the “Get Started” button to sign up for the course.
- Fill in your personal information, including your name, email address, and phone number.
- Choose your preferred language and click on the “Submit” button.
- You will receive an email with a link to access the course.
- Click on the link to start the course.
The course is divided into several classes and levels, from beginner to advanced. Follow the instructions and complete each class to progress to the next level.
Is the AximTrade Forex Course Free to Access?
Yes, the AximTrade Forex course is free to access. The course is designed to provide a solid foundation of knowledge about how the forex market works, different trading strategies, and how to make money. It is developed by professional traders for novice traders and is available for free on the AximDaily website.
AximTrade FAQ: Copy Trading
How to Start Copy Trading with AximTrade?
To start copy trading with AximTrade, follow these steps: Open an account:
- Open an account with AximTrade and deposit funds into one of your trading accounts to use as a source of funds to start copying transactions.
- Select a Money Manager: Choose a preferred Money Manager from a list of available managers based on their risk, profitability, and experience level.
- Subscribe to a Money Manager’s strategy: Subscribe to a preferred Money Manager’s strategy and select your investment source and amount.
- Connect to the selected Money Manager: Proceed to connect to the selected Money Manager and start copy trading.
- Monitor performance: Monitor the performance of the Money Manager’s trades, which are automatically copied in real-time to your account based on the amount invested.
What are the Benefits of using AximTrade’s Copy Trade Tool?
AximTrade’s Copy Trade tool provides several key benefits:
- Expert Insights: Gain access to seasoned traders’ strategies and expertise, ideal for beginners lacking trading experience.
- Diverse Selection: Choose from a broad network of professional forex traders to replicate their trades.
- Effortless Diversification: Spread risk and enhance potential profitability by mirroring multiple traders’ actions.
- Time Efficiency: Suitable for those without ample time for active trading, as you follow experts’ moves without constant monitoring.
- User-Friendly Setup: Designed for all skill levels, it offers an intuitive process to select a money manager, set investment, and initiate copying.
- Real-Time Monitoring: Stay updated on copied trades’ performance, empowering informed decision-making.
- Universal Applicability: Available across AximTrade’s account types (Standard, ECN, Cent), making copy trading accessible to all.
In essence, AximTrade’s Copy Trade tool empowers traders to tap into experts’ wisdom, diversify with ease, save time, and stay informed for potential profitability enhancement.
How to Select a trader to Copy on AximTrade?
Selecting a trader to copy on AximTrade is a straightforward process. Here’s a step-by-step guide:
- Login: Log in to your AximTrade account. If you don’t have an account, you’ll need to sign up first.
- Navigate to Copy Trade Section: Once logged in, find the “Copy Trade” section on the platform. This might be located in the main menu or within your account dashboard. Click on it to proceed.
- Explore Traders: Browse the list of available traders you can copy. You’ll typically find information about each trader’s performance, trading style, risk level, and other relevant details. AximTrade’s platform may provide filters to help you narrow down your choices based on your preferences.
- Select a Trader: After reviewing the available traders, select the one you want to copy. Pay attention to their trading history, risk profile, and any other relevant metrics provided.
- Allocate Funds: Once you’ve chosen a trader, you’ll need to decide how much of your capital you want to allocate copying their trades. This is often done by setting a specific percentage of your account balance or a fixed amount.
- Start Copying: Confirm your selection and allocation. Once you do this, your account will start automatically replicating the selected trader’s trades in real-time.
- Monitor Performance: Regularly check the performance of both your account and the trader you’re copying. This will help you assess whether the chosen trader’s strategy aligns with your goals and whether any adjustments are needed.
- Adjust or Stop Copying: Depending on the performance and your preferences, you can adjust the allocation, switch to a different trader, or stop copying altogether.
- Stay Informed: Keep track of the trader’s updates and any market conditions that might impact their trading strategy.
It’s important to note that while copy trading can be convenient and potentially profitable, it still involves risk. Past performance is not a guarantee of future results, so it’s essential to research and choose traders wisely, diversify your portfolio, and manage your risk appropriately.
AximTrade FAQ: Partnerships With AximTrade
How to Sign Up for the AximTrade Partnership Program?
To sign up for the AximTrade Partnership Program, you can follow these steps:
- Visit the AximTrade website: Go to the AximTrade website and visit the ‘Partnerships’ page at ‘https://www.aximtrade.com/partner‘
- Apply to become a partner: Apply to become a partner in the AximTrade Partnership Program. You can find the application process on the website.
- Agree to the terms and conditions: Before becoming a partner, you will need to agree to the terms and conditions of the program.
- Start promoting: Once you are accepted as a partner, you will receive a unique referral link. Share this link with your clients and encourage them to sign up and trade with AximTrade.
- Earn profits: As your referred clients trade on the AximTrade platform, you will earn profits based on their trading activity. The partnership program offers commission and sponsorship benefits, with the potential to earn up to $20 per lot.
Become a partner and unlock the potential for passive income as AximTrade partner.
How to Earn Income in the AximTrade Partnership Program?
To earn income in the AximTrade Partnership Program, you can follow these steps:
- Apply to become a Forex Affiliate Marketing Partner: Start by applying to become a partner in the AximTrade Partnership Program. You can find the application process on their website.
- Share your referral link: Once you are accepted as a partner, you will receive a unique referral link. Share this link with your clients and encourage them to sign up and trade with AximTrade.
- Earn profits: As your referred clients trade on the AximTrade platform, you will earn profits based on their trading activity. The partnership program offers commission and sponsorship benefits, with the potential to earn up to $20 per lot.
- Timely reporting: AximTrade provides timely reporting, allowing you to track your earnings and monitor the performance of your referred clients.
- Take advantage of the benefits: AximTrade is a trusted brand registered under APECCO, and they offer lifetime revenue as part of their partnership program. This means you can continue to earn income from your referred clients for as long as they trade with AximTrade.
What are the Benefits of being an AximTrade Partner?
- Office & Events: Gain rebates, workspace, and sponsorships for followers and leadership.
- Network Boost: Expand network, engage followers, and get travel and ad support.
- Support Manager: Assigned manager enhances client relationships and services.
- Unlimited Commissions: Earn ongoing rebates for referrals’ trades without limits.
- Instant Rebates: Get immediate commission upon referral trades, withdraw soon.
- Daily Payouts: Receive daily commissions as referrals and trades grow.
- Transparent Reports: Access clear trading statement reports for referrals.
- 24/7 Support: Quick resolution of technical and financial issues.
- Loyalty Rewards: Increasing rewards as referral trading volume grows.
How much Commission can I earn as an AximTrade Partner?
As an AximTrade partner, the commission you can earn will depend on the trading activity of your referred clients. The AximTrade Partnership Program offers commission benefits, with the potential to earn up to $20 per lot. This means that for every lot traded by your referred clients, you can earn a commission of up to $20. The exact commission rates may vary, so it’s important to refer to the terms and conditions of the partnership program for specific details.
