Choosing a reliable forex broker is a major decision in your investment plan. Therefore, we will provide a full analysis and detailed AximTrade review. In order to find the best forex broker, you need first to define what type of investor you are and your goals in currency trading.
Since the forex market has become one of the fast-growing investment destinations, you’ll find many forex brokers that offer countless features out there. Each broker has its advantages and disadvantages. You need to balance things up and choose what suits your trading goals and strategy along with safe and trusted trading.
Trading Forex with a Reliable Broker
Take your time searching for a reliable forex broker so your money and trades will be handled appropriately. The main features of a reliable broker include efficient customer support, real-time market execution, suitable trading conditions, a wide selection of account types that suits different traders depending on their financial capabilities, providing advanced software for successful trading, secure and fast money depositing and withdrawal, competitive spreads and finally but not least is offering multiple trading options with various trading instruments.
Checking the broker’s regulatory compliance is very crucial. You have to choose a regulated forex broker, which keeps you safe from scams and frauds.
The safety of your money and personal information is highly important when you open a forex account because brokers can get hacked or go bankrupt. A forex broker can also recover more than your account balance through legal action if it doesn’t offer negative balance protection. The negative balance protection means that you won’t be asked for more than your account balance if a position crashes.
About AximTrade: AximTrade is an online financial services provider that offers forex, indices, metal, and cryptocurrencies for trading online with over 100,000 active clients from all around the world. AximTrade stands out as a forex broker for its reliability and excellent trading conditions with flexible leverage, 100+ trading instruments, 0.004s execution speed, and up to 100% bonus.
Starting trading with a minimum deposit of $1 is one of the top privileges of AximTrade accounts and is considered among the lowest in the industry. With a fast registration and low minimum requirement to open an account, AximTrade provides unique trading opportunities for traders. The tight spreads offered by the standard accounts are highly competitive and effectively rewarding for trading opportunities.
AximTrade rating has been increasing rapidly due to the top MetaTrader 4 technology offered to forex traders. The account types in AximTrade are divided into four types of forex accounts which include Cent account, Standard account, ECN account, and Infinite leverage account. All account types are available with swap-free Islamic accounts for Islamic countries. AximTrade also provides a demo account that allows traders to test out the platform before they start trading.
The AximTrade Group is represented by the following entities and is regulated by various jurisdictions worldwide.
AximTrade Pty Limited is regulated by the Australian Securities and Investments Commission (ASIC). Huntington Services Limited is an IBC registered in New Zealand and is authorized as a Financial Service Provider (FSP).
AximTrade LLC is registered by the Financial Services Authority of Saint Vincent and the Grenadines which ensures the broker’s compliance with the highest international standards and best conduct of business practices. This includes handling client assets, safeguarding client funds, and providing regular financial reports, you won’t have to worry about your funds or the privacy and confidentiality of your transactions with AximTrade.
AximTrade Regulations guarantee accountability and transparency that protects the interests of our traders.
In this AximTrade review, we inspected the specifications of the accounts. Traders can choose between various account types, based on their trading strategy, experience, and capital designed for investment. Choices include Standard, Cent, or ECN trading accounts. All accounts offer negative balance protection with a low spread from zero to 1 pip on all majors.
Enjoy a variety of trading bonuses on all account types with a minimum deposit starting from $1. Any AximTrade client can hold up to 15 active trading accounts. You are allowed up to 7 Standard Accounts, 2 Cent accounts, 5 ECN accounts and 1 Infinite leverage account per Active Member Area.
The Standard account is the most popular account type among avid forex traders. This account requires a minimum deposit starting from $1 with no commission. The account allows leverage up to 1:3000. The minimum lot for trading starts from 0.01 lots and up to 50 lots. The standard account has a tight spread on major currency pairs as low as 0.1 pip and clients can open up to 200 orders at a time.
The Cent account is highly popular among traders with investors of day trading. The accounts provide zero commission and no minimum deposit. The traders can start with as low as 1$ fund and trade from 0.01 lots up to 150 lots while using flexible leverage up to 1:2000. The lost size in the Cent account is 1,000 and traders can open positions up to 200.
The ECN account is highly competitive with one of the best trading conditions for ECN forex trading. The account provides the lowest commission of $3 per lot and only a $50 minimum deposit with trading volume starting at 0.01 lots up to 50 lots. AxmiTrade leverage for ECN account is up to 1:1000 on major pairs with one of the best spread prices in the market.
Infinite Leverage Account
The Infinite Leverage account takes traders to the next level by allowing them to borrow a limitless amount of trading capital from AximTrade, the leading best broker. The account exclusively offers the opportunity to trade more and maximize the potential for profitability. This one-of-a-kind forex account type helps you to fulfill your trading potential by trading larger positions using borrowing funds.
AximTrade provides a wide forex leverage range that helps you choose your preferred risk level. The leverage ratio depends on your account type and equity, up to infinite leverage, and can be reduced by applying custom leverage.
Swap-free accounts are available for customers from certain regions including Ismalic and Arabic-speaking countries.
AximTrade MT4 – The Best MetaTrader 4 Platform
The brokerage services offer one of the most advanced MT4 platforms for all devices including Mobile and Desktop and support for iOS, Windows, and Android operating systems. The top-notch AximTrade MT4 is popular for its stability and reliability over the years which served hundreds of thousands of traders around the world.
AximTrader servers and the trading platform support fast and quick trade executions including a one-click trading function and allow various tools that can be used to conduct in-depth market analysis on the MT4 platform.
The MT4 platform is extendable and can use different features via plugin apps, software expert advisors (EAs), and other trading tools that can be acquired from the MQL market. AximTrade MT4 is available for download on the website and requires you to open a forex account to be able to log in to the platform.
Why Choose AximTrade?
Initially, the AximTrade review allows the customer to understand why choosing the broker and what is the main features. AximTrade is ideal for forex traders and investors who are seeking reliable conditions to access the market and start trading.
Traders who prefer flexibility and fast process registration consider AximTrade one of the best choices, as it is allowing traders to start with lower capital. Therefore, the platform is continually expanding its capabilities to serve all types of traders by providing flexible leverage, low opening balance requirements, tight spreads, and effective payment methods.
While the platform is focused on providing effective forex execution, the company is adding additional assets for investors to diversify their investment portfolio. AximTrade offers the Cent account which is perfect for new forex traders, with a minimum lot size of 0.01, no deposit and withdrawal commissions, and a $1 minimum deposit.
- Tight spreads and low minimum balances reduce financial commitment
- Variety of account types including Standard, Cent, ECN, and Islamic
- Excellent customer service reachable through email, live chat, and more
- Fast order execution with execution speed at 0.004s
- Instant deposit and withdrawal, wide variety of payment methods
- Minimum deposit of $1 and no commission
Instant Deposits and Withdrawals
AximTrade Review sheds light on how seamlessly deposits and withdrawals are. AximTrade offers instant deposits and withdrawals for e-wallets which allow clients to have full control of their funds. With a wide range of local and international payment methods, AximTrade provides convenient ways to deposit and withdraw money and enables reliable conditions for traders.
All transactions are trackable via the personal account and segregated accounts are set up in order to ensure that there is a clear and complete separation of client funds from those of the company. The identity verifications allow a safe and secure environment for clients and effectively detect any suspicious scam activities or frauds.
Deposits to the trading account are sent to specifically designated accounts holding the funds of the clients securely. Internal transfers between accounts are instant as well which enables customers to control their funds 24/7.
Flexible Leverage up to Infinite
AximTrade offers flexible leverage for margin trading which allows Standard accounts to leverage up to 1:3000 leverage which is one of the top competitive leverage conditions. The flexibility of the leverage allows the clients to trade with a low amount of capital and the ability to access the market. For the Cent account, AximTrade offers 1:2000 while in the ECN account the leverage is up to 1:1000. While the infinite leverage account allows up to infinite leverage. The current leverage provided by AximTrade is not available for restricted countries.
Variety of Assets and Cryptocurrencies
The platform hosts a large array of currencies, indices, metals, energies, and cryptocurrencies. AximTrade offers unlimited opportunities for clients of all preferences or trading strategies to trade financial instruments. Moreover, the company continuously adds new assets to its platform. Crypto traders will find multiple cryptocurrency pairs to trade. According to the AximTrade review, the platform is recently expanding its assets with more instruments.
Reliable Trading Conditions
The platform and trading process is designed to offer an effective experience for traders with reliable trading conditions. The broker provides a set of secured payment solutions with protection against scams. Aximtrade secure system and advanced technology offer one of the highest security measures for clients’ funds and transactions.
AximTrade is one of the leaders at introducing a no re-quotes and no rejection of orders policy. The platform offers 100% execution of orders with almost all orders executed at 0.004-second execution speed. The trading platform supports market, limit, stop, and trailing stop orders. With fractional pip pricing, traders can trade with tighter spreads and enjoy the most accurate quoting possible.
Excellent Customer Support
AximTrade provides highly responsive customer support services available 24/7. The customer support channels include website chat, email, and social media and are available in more than 10 languages. The customer service team is helping traders to ensure customer success and to overcome any obstacles they encounter. Queries and comments to AximTrade can be addressed to the customer support team through the website, Facebook or LinkedIn. Over the years, AximTrade review have had positive feedback from customers around the world and the company scored a high rating as a trusted broker with the best customer support.
Global Forex Award Winner
AximTrade won 4 major awards from the Global Forex Awards 2021. The forex broker is regionally and globally recognized for cutting-edge technology, low-cost trading, and world-class customer service. The Global forex awards included the global forex newcomer of the year, the best forex trading platform in Asia, the best forex IB programme in Asia, and the best forex IB programme in Africa. Being globally recognized puts AximTrade at the forefront of the Forex industry by providing high-quality business partnerships and reliable services.
AximTrade’s immerse offers and a wide variety of forex bonus programs allow customers to benefit the maximum from the provided trading accounts. Choosing between various account types is easy in the personal area. Traders can create multiple accounts based on their trading strategy, experience, and capital designed for investment. Choices include Standard, Cent, Infinite leverage, or ECN trading account. Enjoy favorable trading conditions with Aximtrade; especially when it comes to margin and leverage levels. You can control your real-time risk exposure by monitoring your used and free margin as together make up your equity.
Open a Forex Account with AximTrade
Follow these steps to open a forex account with AximTrade:
- To open forex account log in to your member account from AximTrade login, and click on the “ + Open Extra Account” button on the top right.
- Choose your preferred account type. You can choose between Standard, Cent, ECN or infinite leverage accounts. You can also choose a demo account if you’re a beginner.
- Select your account and press “Open”.
- Name the Account and create both trading and investor passwords for your account. The investor password should not be the same as the account password. Remember to use both uppercase and lowercase letters, use a combination of numbers and letters. Then click “Done”.
- Now your account is ready for trading. You can find all your accounts in the “My Accounts” tab.
Overall: Why Choose AximTrade?
When it comes to trading platforms in the AximTrade review, you can find out that the broker provides MetaTrader 4, which is compatible with different operating systems so you can access your trading accounts anytime and anywhere. Trades are executed in real-time with no re-quotes and no rejection of orders policy. Check more on Why Traders Choose AximTrade
Forex Traders can execute different market orders within seconds, choose from more than 49 currency pairs and multiple indicators. Last but not least, with AximTrade you are provided around-the-clock customer support even on weekends.