Aximtrade is an international online forex trading broker regulated under the ASIC regulatory body and sponsors the renowned Alfa Romeo F1. Despite being a relatively new broker, it quickly gained a large clientele.
Although the broker has proper regulation, it has a grey reputation due to multiple bad customer reviews. In this Aximtrade review, we will break down the features offered by the broker in detail, but first, check out the quick overview of the broker below:
| FOUNDED IN | 2020 |
| HEADQUARTERS | Saint Vincent and the Grenadines |
| REGULATORS | ASIC and FSC |
| MINIMUM DEPOSIT | $1 |
| PLATFORMS OFFERED | MT4 and Mobile App |
| TRADING INSTRUMENTS | Forex, Indices, Commodities and CFDs |
| ACCOUNT CURRENCY | USD |
| MAXIMUM LEVERAGE | Unlimited |
| CUSTOMER SUPPORT | 24/5 |
| DEPOSIT OPTIONS | Bank transfers, credit cards, electronic payments |
| COMMISSION | No |
| SPREADS | From 0.0 pips |
| MOBILE TRADING | Yes |
| AFFILIATE PROGRAMME | No |
| CONTESTS AND BONUSES | No |
What is AximTrade?
AximTrade is an online forex broker founded in 2020 and headquartered in Saint Vincent and the Grenadines. Through this broker, you can access trading on a variety of assets, including forex, indices, commodities and CFDs.
Aximtrade spreads are competitive, starting as low as 0.0 pips and unlimited leverage; the broker provides a competent platform for online trading. However, high leverage can be dangerous as it can incur extra loss. The broker offers various trading accounts, tools, assets and additional features like copy trading. But does it make it a reliable broker for trading? Let’s find out!
Is Aximtrade Legit?
The broker platform claims to be regulated under two top-tier financial watchdogs, ASIC or Australian Securities, with the license number 435746 and the Investments Commission and the Financial Services Authority of Saint Vincent and the Grenadines with ID: 0539713 as the licence number.
When we searched for the broker’s licence number in the professional registration column, we found that Aximtrade is registered with Australian Financial Services under the parent group HLK Group Pvt. Ltd.
To double-check the broker’s regulations, we also searched for its registration number on the SVG FSA website. We found that Axim Trade is regulated with the FSA of SVG as of 2 January 2024.
Pros and Cons of Trading with AximTrade
Now that we have broken down the regulations offered by the broker check out the pros and cons of trading with Axim Trade to get a better insight.
| Pros | Cons |
| Regulated | Unlimited leverage |
| Various Account Types | Lacks MT5 and propriety platforms |
| MT4 platform available | No demo account |
| No deposit and withdrawal fees | Customer support is only 24/5 |
| Low minimum deposit starting at $1 | |
| Educational resources and programs are available. | |
| Supports copy trading |
Aximtrade Account Types
Trading with Aximtrade can get you access to 5 different account types with different features that cater to the needs of traders of various levels. The account types offered are Cent, Standard, ECN, Infinite and Pro, with every account having unique features like negative balance protection, etc.
However, the broker does not have a demo account, so if you are looking for one, opt for Capitalix Broker, which offers free demo accounts with access to advanced features and tools. Check out the overview of the account types below:
| Features | Cent | Standard | ECN | Infinite | Pro |
| Minimum Deposit | $1 | $1 | $50 | $1 | $300 |
| Leverage | 1:3000 | 1:2000 | 1:1000 | Unlimited | 1:1000 |
| Spreads | 1 pip | 1 pip | 0.0 pips | 3 pips | 5 pips |
| Commission | No | No | $3 | No | No |
| Deposit Bonus | No | Yes | No | No | No |
| Currency Pairs | USD, EUR, GBP, JPY, CHF
AUD, HUF, PLN, RUB, SGD, ZAR |
USD, EUR, GBP, JPY, CHF
AUD, HUF, PLN, RUB, SGD, ZAR |
USD, EUR, GBP, JPY, CHF
AUD, HUF, PLN, RUB, SGD, ZAR |
USD, EUR, GBP, JPY, CHF,
AUD, NZD, CAD |
USD, EUR, GBP, JPY, CHF, AUD, SGD |
| Negative Balance Protection | Yes | Yes | Yes | Yes | Yes |
| Maximum Orders | 200 positions | 200 | 200 | 50 | 200 |
| Hedging | Yes | Yes | Yes | Yes | Yes |
| Self Rebates | No | No | NO | No | $2.5 to $3.5, depending on the asset |
| Minimum Trade Volume | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots |
| Margin Call | 60%/30% | 60%/30% | 60%/30% | 60%/0 | 60%/30% |
| Contract Size | 100,000 per lot | 1000 per lot | 100,000 per lot | 100,000 per lot | 100,000 per lot |
Aximtrade Pro Account
The broker offers a pro account with exclusive benefits and features. You can access self-rebates up to $3.5 per lot, no limit orders, low trading volume starting at 0.01 lots and low spreads. You can open a pro account after opening a standard account and start trading after submitting the minimum deposit for a pro account, i.e. $300.
How to Create an AximTrade Account?
To create an account, complete the Aximtrade registration by following the steps mentioned below:
- Go to the broker website aximtrade.com
- Locate the new account creation window on the right side of the screen.
- Enter relevant details like your country, email address, etc.
- Once your registration is complete, you will be redirected to your trading dashboard to add money and start trading. Your dashboard should look like the image below:
AximTrade Login
Now that you have an active trading account, log in using your Aximtrade login credentials to start trading. The steps required to login to the account are as follows:
- Go to the broker’s website.
- Select member login.
- Enter your login credentials and verify the captcha.
- Go to your dashboard and fund your account.
- Start trading.
Trading Platform Offered by AximTrade
The primary trading platform offered by the broker is MT4 or Metatrader 4, along with a mobile application. To access advanced trading platforms like MT5, TradeEU Broker is the most reliable alternative.
MT4
MT4 is a renowned trading platform offering expert advisors, easy and mobile trading, and various financial analysis tools. You can download the Aximtrade MT4 platform on Windows, Apple and Android devices. For Aximtrade mt4 download for PC, follow the steps below:
- Go to the broker’s website
- Go to the MT4 window
- Click on the web terminal tab
- The tab given below should open
- Enter your login credentials or click on the demo.
- Download MT4 on your PC
However, when we tried to download the platform, login was unsuccessful. We were redirected to the broker’s login page multiple times. But we could download it from the Windows download option, as you can see in the image below:
Mobile Application
The broker provides a mobile application for an easy and convenient trading experience. With the Aximtrade mobile app, you can access copy trading, easy withdrawal and deposit, round-the-clock customer support and important notifications. To download the app on your device, follow the steps given below:
- Go to the broker’s website
- Locate and click on the download column and select the mobile app
- Scan the QR codes given on the website
- You’ll be redirected to the download page
- Download the app and start trading!
AximTrade Withdrawals and Deposits
The broker offers easy and hassle-free transactions through various payment options, including Fasapay, Wechat, BHIM UPI, Paytm, local bank transfer, MasterCard, and net banking.
| Payment Option | Fees | Min. Deposit | Time | Countries supported |
| FasaPay | 0% Commission | 100,000 IDR | Instant | Indonesia |
| 0% commission | 500 CNY | Instant | China | |
| Alipay | 0% Commission | 50 CNY | Instant | China |
| China Union Pay | 0% Commission | 100 CNY | Instant | China |
| MomoPay | 0% Commission | 100,000 VND | Instant | Vietnam |
| ZaloPay | 0% Commission | 100,000 VND | Instant | Vietnam |
| UPI | 0% Commission | 100 INR | Instant | India |
| Paytm | 0% Commission | 100 INR | Instant | India |
| Net Banking | 0% Commission | 100 INR | Instant | India |
| QuickTransfer | 0% Commission | 4 MYR / 50 THB / 25,000 VND / 30,000 IDR | Instant | Malaysia, Thailand, Vietnam, Indonesia |
| QR Code | 0% Commission | 50 THB | Instant | Thailand |
| USDT | 1-2$ Commission | 10 USDT | Instant | All |
| USDT(ERC20) | 15-25$ Commission | 10 USDT | Instant | All |
| BEP-20 | 1-2$ | 10 USDT | Instant | All |
| Online Banking | 0% Commission | 3$, 23$ or 25$ | Instant | Russia, Kazakhstan, Ukraine and Uzbekistan |
| Perfect Money | 0% Commission | $5 | Instant | All |
| Local Bank Transfer | 0% Commission | 4 MYR / 30,000 IDR / 50 THB / 25,000 VND / 100 CNY / 100 INR / 80,000 JPY | Instant | Malaysia, Indonesia, Thailand, Vietnam, China, India, Japan |
Deposit
To deposit your fund into the account, follow the steps given below:
- Login through the member’s area.
- Locate and click on the deposit.
- Select the preferred payment method available in your area.
- Follow the instructions given by the website to complete the deposition.
Withdrawal
The broker has a strict withdrawal policy; only those who have verified their accounts and uploaded necessary documents can withdraw funds. You must follow a similar process to complete your withdrawal.
- Go to the website and log in as an Aximtrade member.
- Click on the withdraw button from the menu.
- Select payment method.
- Enter the amount you want to withdraw.
- Complete the necessary steps, and the amount will be instantly deducted from your account.
AximTrade Leverage
The broker offers infinite leverage, which is dangerous, like a double-edged sword. The broker’s high leverage can be problematic as risk increases with increased leverage, and infinite leverage can be very risky, especially if you are a novice trader. If you are a novice trader, we recommend a broker like Equiity, offering fixed leverage.
AximTrade Fees, Charges and Spreads
The minimum deposit starts at $1 but varies depending on the payment method and country you are depositing from. For example, the minimum deposit requirement in India through UPI, Paytm and Netbanking is 100 INR.
The broker does not charge any additional charges or commissions for trading except for USDT and BEP transactions.
Tools and Assets Offered by AximTrade
The broker’s primary tool is a trade calculator, which you can use to calculate your margin, cost per point, stopouts and swaps.
The broker also provides traders with a dividend calendar, which will help them track whether they will receive and be charged dividends.
You can also access the economic calendar to keep updated with economic events and changes. You can use fund segregation to divide your funds into different client bank accounts as per the FSC client money rules.
AximTrade CopyTrade
It offers copy trading from the trades of top forex traders, which novice traders can use to simply trade without risk and hassle. To start copy trading with the broker, follow the steps below:
- Go to the website
- Click on the copy trading option
- Open an account and deposit funds
- Select a money manager
- Select the amount you wish to trade with
- Connect with the money manager
Educational Resources and Programs offered by Aximtrade
It offers various educational resources, including a comprehensive forex course divided into three difficulty levels suitable for novice and experienced traders. You can participate in quizzes after every chapter to revise your learning.
Through Aximtrade’s educational resources can get access to the following:
- Seminars
- Latest News
- Blogs
- Courses – Level 1, Level 2 and Level 3
Customer Support
Aximtrade has good customer support, offering support through the following sources:
- Email: [email protected]
- Live Chat
- Token
Conclusion
Aximtrade is a reliable broker with proper regulation under top-tier regulatory watchdogs like ASIC and FSC. Moreover, it offers features like fund segregation and copy trading for you to have a complete trading experience. However, users must be aware of the infinite leverage as it poses a great risk of financial loss. The broker’s customer service is not up to the mark as it lacks support through mobile numbers, which may lead to delays in assistance.
FAQs
Is Axmtrade a Reputable Broker?
Because Aximtrade is certified as regulated by prestigious regulatory agencies such as ASIC, it is a good broker.
What is the Minimum Deposit for Aximtrade?
The minimum deposit on Aximtrade is $1, but it may vary depending on the country and mode of payment.
How can I take money out of Aximtrade?
To take money out of Aximtrade, you can do the following:
- Go to the website and log in as a member
- Locate and select the Withdraw option from the menu
- Enter the amount you wish to withdraw
- Choose your payment option.
- Complete other formalities as required by the website
- Withdraw your money
What Trading Platform does Aximtrade offer?
Aximtrade offers an MT4 trading platform and a mobile application. You can download the Aximtrade MT4 platform for PC, Android, and Apple devices from the broker’s website.
Does Aximtrade offer a Deposit Bonus?
As per the website, the broker offers a deposit bonus on a standard account, but we couldn’t find details on the Aximtrade bonus. There is no Aximtrade deposit bonus for other accounts.
Is there an Aximtrade Demo Account?
No, Aximtrade does not have a deposit bonus but a minimum deposit of $1. So, unless you want to activate the pro account, you can trade on Aximtrade with $1 as your minimum deposit.
Does Aximtrade have a Welcome Bonus?
We couldn’t find any information on the Aximtrade welcome bonus on the broker or other websites. So, Aximtrade does not offer a welcome bonus.
Is Aximtrade a Scam?
It has legit regulations, but many complaints against the broker indicate Aximtrade penipu or scams. We recommend you trade with a broker with positive customer reviews and a good reputation.
Is Aximtrade legal in Malasiya?
Traders can access the features of Aximtrade in Malaysia as the broker operates in the country.
How to Download Aximtrade?
You can download Aximtrade from the broker’s website on your computer, Apple, and Android devices.
- Go to the website
- Locate and click on the download option
- Click on the download link as per your device.
