Axe Market

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Axe Market is allegedly a multi-asset broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 500:1 and floating spreads from 0.0 pips via five different live account types, as well as 24/7 customer support service. Here is the home page of this brokers official site:

As for regulation, it has been verified that Axe Market currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.01/10. Please be aware of the risk.

Market Instruments

Axe Market advertises that it offers access to 120+ trading instruments in financial markets, including forex, cryptocurrencies, indices, commodities, spot metals and energies.

Account Types

Axe Market claims to offer five types of trading accounts, namely Bronze, Silver, Gold, Premium and Platinum, with a minimum initial deposit of $10,000, $25,000, $50,000, $100,000 and $250,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

The maximum leverage provided by Axe Market is 500:1. 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. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.

Spreads

Super Trade Fx claims to offer floating spreads from 0.0 pips.

Deposit & Withdrawal

Axe Market says to work with numerous means of deposit and withdrawal choices, consisting of credit cards like Visa, MasterCard, Maestro and Bank Transfer. The minimum initial deposit requirement is as high as $10,000. There is a 5% fee on credit card withdrawals. Credit cards are instant, while Bank Transfers require 1-3 business days.

Customer Support

Axe Markets customer support can be reached by telephone: +44 2045773996 or send messages online to get in touch. Company address: 2 FREDERICK STREET KINGS CROSS, LONDON, UNITED KINGDOM, WC1X 0ND.

Pros & Cons

Frequently Asked Questions (FAQs)