General Information
Axion Trade is a trading platform that provides access to various financial instruments, catering to traders' diverse needs. It offers opportunities to trade in the forex market, where traders can take advantage of currency fluctuations. The platform also facilitates trading in indices, allowing traders to participate in the performance of a country's economy. Additionally, Axion Trade enables speculation on the price movements of popular commodities like gold, silver, oil, and natural gas. Traders can also invest in individual stocks from various markets worldwide. Moreover, Axion Trade allows trading in cryptocurrencies, leveraging the volatility and potential opportunities in the crypto market.
Axion Trade offers different account types to suit traders' preferences and capital requirements. The ECN Standard Account provides access to low commissions and spreads, while the Pro Account caters to experienced traders who trade with larger volumes. The Institutional Account offers a prime brokerage experience for clients with partnership agreements. The platform also features a Zero Commission Account for commission-free trading, an Islamic Account for Shariah-compliant trading, a Mini Account for traders with minimum capital requirements, and a Nano Account with even lower minimum deposits.
Traders can open an account with Axion Trade by visiting their website, selecting the preferred language, and choosing the desired account type. They need to provide individual account information, personal details, contact information, and optional banking information. It's crucial to read and accept the risk warning, terms of service, and privacy policy before completing the account registration process.
Axion Trade supports leverage options and offers a variety of spreads and commissions. The platform utilizes the MetaTrader 4 (MT4) trading platform, which provides advanced features, high performance, and customizable options across multiple devices. Customer support is available through live chat, email, and social media channels, ensuring clients can seek assistance whenever needed.
While Axion Trade Pty Ltd in Australia is regulated and holds an Appointed Representative license from the Australia Securities & Investment Commission (ASIC), Axion Trade Limited in the United States lacks regulation from the National Futures Association (NFA). Traders should be cautious and conduct thorough research, particularly when considering engagement with Axion Trade Limited, due to the higher risk associated with its lack of regulation.
Pros and Cons
Axion Trade offers a range of trading opportunities in various market instruments, including forex, indices, commodities, stocks, and cryptocurrencies. They provide multiple account types to cater to different trading preferences and capital requirements, allowing traders to choose the account that suits them best. The availability of different leverage options , including ECN spreads, enables traders to optimize their trading strategies. Axion Trade also offers user-friendly trading platforms, such as MetaTrader 4, which are accessible on PC, Mac, Android, and iOS devices. Moreover, their customer support is available 24/7 through live chat, email, and in-person visits to their office, ensuring clients can receive assistance whenever needed.
However, it is important to note that Axion Trade Limited, based in the United States, lacks regulation from the National Futures Association (NFA), indicating a higher level of risk associated with this entity. Traders should exercise caution and conduct thorough research before engaging with this particular entity. Additionally, while Axion Trade Pty Ltd in Australia is regulated and holds an Appointed Representative license from the Australia Securities & Investment Commission (ASIC), traders should still verify the regulatory status and compliance of any entity they consider trading with.
Is Axion Trade Legit？
Axion Trade consists of two entities: Axion Trade Limited in the United States and Axion Trade Pty Ltd in Australia. Axion Trade Limited, based in the United States, is not authorized and lacks regulation from the National Futures Association (NFA). This indicates a higher level of risk associated with this entity. On the other hand, Axion Trade Pty Ltd, based in Australia, is regulated and holds an Appointed Representative license from the Australia Securities & Investment Commission (ASIC). When considering engaging with Axion Trade, it is important to be cautious and conduct thorough research to ensure compliance and regulatory status, particularly with Axion Trade Limited in the United States.
Axion Trade's entity in Combodia is registered with the Common Financial Service License under SEC, but this license is clearly beyond its service scope. And that's why the regulatory status is marked as “ Exceeded” .
Market Instruments
Axion Trade offers trading opportunities in the following market instruments:
Forex: Trade currency pairs and take advantage of fluctuations in exchange rates. The forex market is the largest and most liquid market globally.
Indices: Access baskets of top shares that represent the performance of a country's economy. Trade on the overall index value and capture market trends.
Commodities: Speculate on the price movements of popular commodities like gold, silver, oil, and natural gas. Take positions based on supply and demand dynamics.
Stocks: Invest in individual stocks and participate in the performance of specific companies. Trade stocks from various markets around the world.
Cryptocurrency: Trading various cryptocurrencies, taking advantage of the volatility and potential opportunities in the crypto market.
Account Types
Axion Trade offers various types of trading accounts to cater to different trading preferences and capital requirements. These account types include:
1. ECN Standard Account:
The ECN Standard Account provides traders with access to low commissions and spreads. It is the default account type for new clients upon their first deposit. The leverage offered is up to 1:500, with commissions of USD 4 per standard lot. It offers raw/ECN spreads with direct access to liquidity providers. The minimum deposit required to open a Standard Account is USD 100, and negative balance protection is provided.
2. Pro Account:
The Pro Account is designed for experienced traders who trade with larger volumes. To qualify for this account type, a minimum deposit of USD 25,000 is required. Traders can enjoy discounted commissions of USD 1.50 per standard lot. The leverage offered is up to 1:100, and slippage insurance is provided. Like the Standard Account, it offers access to raw/ECN spreads and comes with negative balance protection.
3. Institutional Account:
The Institutional Account is suitable for clients who seek a prime brokerage experience and have a partnership agreement with Axion Trade. To qualify, a minimum deposit of USD 1,000,000 is required. Commissions are set at USD 0.50 per standard lot, with leverage up to 1:100. This account type provides access to raw/ECN spreads, but it does not include negative balance protection.
4. Zero Commission Account:
The Zero Commission Account is designed for traders who prefer commission-free trading. It offers leverage of up to 1:500 and variable spreads. Commission-free trading applies to Forex and commodity instruments, and the minimum deposit required is USD 100. Slippage insurance and negative balance protection are provided.
5. Islamic Account:
The Islamic Account is tailored to meet the needs of Islamic traders who require Shariah-compliant trading. It offers commission and swap-free trading for Forex and gold instruments. The account leverage is up to 1:500, and spreads are variable. The minimum deposit required to open an Islamic Account is USD 100, and both slippage insurance and negative balance protection are available.
6. Mini Account:
The Mini Account is suitable for traders with minimum capital requirements. It allows trading on mini lots, which are 1/10 the size of a standard lot. The leverage offered is up to 1:500 for Forex and commodities, and spreads are variable. The minimum deposit required to open a Mini Account is USD 10, and negative balance protection is provided.
7. Nano Account:
The Nano Account, also known as a “cents” account, offers even lower minimum capital requirements. It allows trading on nano lots, which are 1/100 the size of a standard lot. The leverage offered is up to 1:500 for Forex and commodities, and spreads are variable. The minimum deposit required to open a Nano Account is USD 1, and negative balance protection is provided.
How to Open an Account？
To open an account with Axion Trade, follow these steps:
1. Visit the Axion Trade website and click on the “Open Account” button.
2. Choose your preferred language and select the type of account you want to sign up for.
3. Fill in the individual account information, including your account preferences, account currency, account password, and re-type the password.
4. Provide your personal information, including title, name, date of birth, gender, citizenship, country of residence, and ID information.
5. Enter your contact information, including your residential address (P.O. Box addresses are not acceptable), phone number, and email address.
6. Optional - Provide banking information, including the bank name, bank address, and intermediate bank details.
7. Read and accept the risk warning, terms of service, and privacy policy.
8. Complete the account registration process.
Leverage
Axion Trade offers a range of trading accounts to suit different needs, including the ECN Standard Account with leverage up to 1:500 and access to low commissions and raw/ECN spreads. Experienced traders can opt for the Pro Account, which provides discounted commissions and leverage up to 1:100. The Institutional Account caters to clients seeking a prime brokerage experience. Traders looking for commission-free trading can choose the Zero Commission Account, while the Islamic Account caters to Shariah-compliant trading. The Mini Account is suitable for traders with minimum capital requirements, and the Nano Account offers lower minimum deposits.
Spreads & Commissions
Axion Trade offers different types of spreads and commissions for trading:
Variable Spreads: With straight-through processing (STP) and tier one liquidity providers, the pricing for variable spreads is subject to market fluctuations.
ECN Spreads: Through an electronic communication network (ECN), traders can access raw ECN spreads as low as 0.0 pips for EUR/USD. A flat fee as low as 0.50 USD per lot commission is charged for Forex instruments.
Commission for Stocks: When trading stocks, Axion Trade offers commissions as low as 0.10% on the value of the trade.
The advantage of the variable spreads is that there are no additional commissions charged, as the fees are included in the spread. With ECN spreads, traders can enjoy direct access to raw spreads from the market. For stock trading, Axion Trade provides a diverse range of stocks with low commission rates.
Pros and Cons
Contract Size
FOREX CONTRACT SIZE:
The Forex contract size on Axion Trade is based on standard lots, with each lot equivalent to 100,000 units of the base currency. For instance, when trading the EUR/USD pair, 1 standard lot represents €100,000. Traders may adjust their position sizes according to their trading strategies. The minimum lot size allowed is 0.01, which is equivalent to 1,000 units of the base currency. Incremental steps for lot size are also set at 0.01, allowing traders to make smaller adjustments. By default, the maximum lot size per trade is set at 100, enabling traders to transact up to 10,000,000 units of the base currency.
COMMODITIES CONTRACT SIZE (SPOT GOLD - XAUUSD):
When trading spot gold (XAUUSD) on Axion Trade, the contract size is determined by ounces (oz). A standard lot in this case represents 100 ounces of gold. Traders have the option to trade smaller amounts, with the minimum lot size set at 0.01, equivalent to 1 ounce of gold. Incremental steps for lot size mirror this minimum size, allowing for precise adjustments. The maximum lot size per trade is set at 100 by default, which translates to a maximum of 10,000 ounces of gold.
STOCKS CONTRACT SIZE:
Axion Trade offers the opportunity to trade stocks with a contract size of 1 stock. Each lot corresponds to a single stock, allowing traders to customize their positions based on their investment preferences. The minimum lot size for stocks is fixed at 1.00, indicating a minimum requirement of 1 stock per trade. Incremental steps for lot size are also set at 1.00, allowing for precise adjustments. The maximum lot size per trade is set at 1000, enabling traders to transact up to 1000 stocks.
INDICES CONTRACT SIZE (AUSTRALIA 200 AS AN EXAMPLE):
For trading indices such as the Australia 200 on Axion Trade, the contract size is specified as 25 units. Each lot corresponds to 25 units of the Australia 200 index, providing exposure to the movements of the top 200 stocks in the Australian equity market. The minimum lot size is set at 0.04, equivalent to 1 unit of the Australia 200 index. Incremental steps for lot size are also defined as 0.04, enabling precise adjustments to position sizes. By default, the maximum lot size per trade is set at 100, allowing traders to transact up to 25,000 units of the Australia 200 index.
Pros and Cons
Deposit & Withdrawal
Axion Trade provides a straightforward and user-friendly deposit and withdrawal process. Traders have the option to fund their accounts using widely accepted payment methods such as Visa, MasterCard, Visa Debit, Visa Electron, and MasterCard Debit. These methods offer convenience and accessibility, allowing traders to deposit funds into their trading accounts with ease.
Trading Platforms
Axion Trade offers trading platforms to cater to the diverse needs of traders. These platforms include:
- MetaTrader 4 (MT4): A popular and widely recognized trading platform, providing access to a wide range of financial instruments across multiple markets. It offers high performance, advanced features, and customizable options for PC, Mac, Android, and iOS devices.
- MT4 PC: The PC version of MetaTrader 4 provides a comprehensive suite of features and high-performance trading capabilities for desktop users.
- MT4 Mac: The Mac version of MetaTrader 4 offers the same features and functionality as the PC version, optimized for Mac users.
- MT4 Android: Traders can download the MT4 app for Android devices, allowing them to access the platform on the go. It provides flexibility and portability without compromising the essential features.
- MT4 iPhone: Optimized for iOS devices, the MT4 app for iPhone and iPad combines the convenience of mobile trading with the features and functionality of the MetaTrader 4 platform.
These trading platforms enable traders to execute trades, monitor market movements, access real-time data, and utilize various analytical tools to make informed trading decisions.
Customer Support
Axion Trade provides customer support through a 24/7 live chat feature, ensuring continuous availability for clients seeking assistance. They offer help and support to clients who have questions, need information about their services, or have other inquiries. In addition to live chat, clients can reach out to Axion Trade via email or by visiting their office. They have specific contact information for Europe, America, and Asia & Pacific regions, catering to clients from different locations. The company's office is located in the United Kingdom, specifically at 3rd Floor, The Pinnacle, Central Court, Station Way, Crawley, West Sussex, RH10 1JH. Axion Trade maintains an online presence on various social media platforms such as Twitter, Facebook, and Instagram, where clients can connect with them and stay updated on their activities.
Conclusion
In conclusion, Axion Trade offers a range of trading opportunities across various market instruments, providing traders with options. The company has two entities, with Axion Trade Pty Ltd in Australia being regulated by the Australia Securities & Investment Commission (ASIC), offering a level of credibility and security. However, Axion Trade Limited in the United States lacks regulation from the National Futures Association (NFA), posing a higher level of risk. Axion Trade offers different types of trading accounts to accommodate various trading preferences and capital requirements. They provide multiple trading platforms, including the popular MetaTrader 4, and offer 24/7 customer support. While Axion Trade has its advantages in terms of market access and account options, the lack of regulation for Axion Trade Limited in the United States and potential risk associated with it should be carefully considered by prospective traders.
FAQs
Q: Is Axion Trade a legitimate company？
A: Axion Trade consists of two entities, Axion Trade Limited and Axion Trade Pty Ltd. While Axion Trade Pty Ltd is regulated and holds an Appointed Representative license from the Australia Securities & Investment Commission (ASIC), Axion Trade Limited, based in the United States, lacks regulation from the National Futures Association (NFA). It is important to conduct thorough research and be cautious when engaging with Axion Trade, particularly with Axion Trade Limited in the United States.
Q: What market instruments can I trade with Axion Trade？
A: Axion Trade offers trading opportunities in forex, indices, commodities, stocks, and cryptocurrencies. You can trade currency pairs, access baskets of top shares, speculate on the price movements of popular commodities, invest in individual stocks, and trade various cryptocurrencies.
Q: What types of trading accounts does Axion Trade offer？
A: Axion Trade offers a range of trading accounts, including the ECN Standard Account, Pro Account, Institutional Account, Zero Commission Account, Islamic Account, Mini Account, and Nano Account. These accounts cater to different trading preferences and capital requirements.
Q: How can I open an account with Axion Trade？
A: To open an account with Axion Trade, visit their website and click on the “Open Account” button. Choose your preferred language, select the account type you want to sign up for, and provide the required information, including account preferences, personal details, contact information, and optionally, banking information. Read and accept the risk warning, terms of service, and privacy policy to complete the registration process.
Q: What leverage options are available with Axion Trade？
A: Axion Trade offers different leverage options depending on the trading account. The ECN Standard Account offers leverage up to 1:500, the Pro Account offers leverage up to 1:100, and the Islamic Account provides leverage up to 1:500, among others. The leverage options vary based on the account type chosen.
Q: What are the spreads and commissions for trading with Axion Trade？
A: Axion Trade offers variable spreads, ECN spreads, and commissions. The variable spreads are subject to market fluctuations and include the fees. ECN spreads provide direct access to raw spreads, and commissions as low as 0.50 USD per lot are charged for Forex instruments. When trading stocks, commissions can be as low as 0.10% on the value of the trade.
Q: What are the contract sizes for different trading instruments on Axion Trade？
A: The contract sizes vary depending on the trading instrument. For Forex, the contract size is based on standard lots, with each lot equivalent to 100,000 units of the base currency. Commodities like spot gold (XAUUSD) have contract sizes specified in ounces. Stocks have a contract size of 1 stock per lot, and indices, such as Australia 200, have a contract size of 25 units.
Q: How can I deposit and withdraw funds with Axion Trade？
A: Axion Trade offers a user-friendly deposit and withdrawal process. You can fund your account using widely accepted payment methods such as Visa, MasterCard, Visa Debit, Visa Electron, and MasterCard Debit.
Q: What trading platforms are available with Axion Trade？
A: Axion Trade offers the popular MetaTrader 4 (MT4) platform, which is available for PC, Mac, Android, and iOS devices. The MT4 platform provides access to a wide range of financial instruments and offers advanced features and customization options.
2024-07-23 17:55
2024-06-04 14:19
