AXFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-13 18:48

Abstract：Founded in 2022, AXFX is a brokerage firm based in Australia. It offers forex, precious metals, CFDs, and stock indices trading with leverage up to 1:400 and spread from 1.8 pips on the STP Standard account. Demo accounts are available via the leading MT4 platform. However, the official website is currently inaccessible and the regulatory status is revoked.

　　Note: AXFX's official website: https://axfxpv.com/ is currently inaccessible normally.

AXFX Review Summary
Founded	2022
Registered Country/Region	Australia
Regulation	ASIC (Revoked)
Market Instruments	Forex, precious metals, CFDs, and stock index
Demo Account	✅
Leverage	Up to 1:400
Spread	From 1.8 pips (STP Standard account)
Trading Platform	MT4
Min Deposit	$100
Customer Support	Phone: +61 2 8036 8388
Customer Support	Email: cs@axfx.com

　　Founded in 2022, AXFX is a brokerage firm based in Australia. It offers forex, precious metals, CFDs, and stock index trading with leverage up to 1:400 and spread from 1.8 pips on the STP Standard account. Demo accounts are available via the leading MT4 platform. However, the official website is currently inaccessible and the regulatory status is revoked.

Pros and Cons

Pros	Cons
Availability of MT4 trading platform	ASIC revoked
Wide range of trading instruments	Inaccessible website
Multiple account types	Wide spreads
MT4 available
Demo accounts

Is AXFX Legit?

Regulated Country	Regulator	Regulated Entity	Status	License Type	License No.
	Australia Securities & Investment Commission (ASIC)	AXFXPV PTY LTD	Revoked	Appointed Representative (AR)	1287576

What Can I Trade on AXFX?

Tradable Instruments	Supported
CFDs	✔
Forex	✔
Precious Metals	✔
Stock Index	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　AXFX offers three kinds of live accounts: STP Standard, ECN Advanced, and VIP Institutional with the minimum deposits of $100, $20,000 and $50,000 respectively.

Leverage

Account Type	MaxLeverage
STP Standard	1:400
ECN Advanced	1:400
VIP Institutional	1:100

　　It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

　　AXFX provides the STP Standard account spreads starting from 1.8 pips. In contrast, the ECN Advanced account offers tighter spreads from 1.0 pips. The VIP Institutional account starts from 0.1 pips.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Mobile (iPhone & Android), computer (PC & Mac), tablet (iPad & Android)	Beginners
MT5	❌	/	Experienced traders