AximTrade is a forex broker registered in Saint Vincent and the Grenadines, providing investors with trading services in forex, precious metals, crude oil, stocks, indices, and other financial products. AximTrade offers investors five different types of trading accounts, with the maximum leverage being 1:3000.
Corporate Background:
AximTrade Group is a financial service provider, offering trading and investment solutions globally. The group consists of two entities: AximTrade Pty Limited and AximTrade LLC. In Australia, AximTrade Pty Limited is regulated by the Australian Securities and Investments Commission (ASIC); in Saint Vincent and the Grenadines, AximTrade LLC is legally registered and regulated by the local Financial Services Authority.
However, AximTrade currently holds an AR license from the Australian ASIC, while the Financial Services Authority (FSA) of Saint Vincent and the Grenadines provides offshore regulatory services, not regulating forex margin trading activities. The broker's official website domain was registered on January 8, 2020, and has been in operation for over 3 years.
Account Registration:
The official AximTrade website provides a link for investors to register a real account. The method to register a real account is by opening the AximTrade homepage and selecting or entering the country, email, mobile, password, etc., on the right side of the homepage to complete the real account registration. The AximTrade account registration page supports Simplified Chinese, English, Spanish, Portuguese, Russian, Japanese, Korean, Vietnamese, Thai, and other languages.
Account Types:
AximTrade offers investors five different types of trading accounts: STANDARD ACCOUNT, CENT ACCOUNT, ECN ACCOUNT, INFINITE ACCOUNT, and PRO ACCOUNT.
- The STANDARD ACCOUNT offers investors a leverage of up to 1:3000, with the minimum deposit being only $1. For the major currency pairs, the spread can be as low as 1 point.
- The CENT ACCOUNT's minimum deposit is also only $1, offering a leverage of up to 1:2000. This account type is also applicable to major currency pairs, but spread information is not provided.
- The ECN ACCOUNT's minimum deposit is $50, offering a leverage of up to 1:1000. For the major currency pairs, the spread can reach 0.0 point, offering investors lower trading costs.
- The INFINITE ACCOUNT provides unlimited leverage, with the minimum deposit being $1. Although the spread is slightly higher than other account types, it can still be as low as 3 points.
- The PRO ACCOUNT serves more professional traders, with a minimum deposit of $300 and a leverage of up to 1:1000. The spread for major currency pairs can be as low as 5 points, suitable for investors who need higher control of trading costs.
Trading Products:
AximTrade offers a variety of trading products, including forex, precious metals, energy, indices, cryptocurrencies, and stocks. Investors can participate in the global forex market, trading more than 49 currency pairs, and enjoy leverage of up to 1: and a trading execution speed of only 0.004 seconds. Additionally, investors can trade gold and silver in the precious metals market, participate in crude oil trading in the energy market, invest in major global indices, and engage in the closely watched cryptocurrency market. AximTrade also offers stock trading, allowing investors to profit from the stock market.
Margin Ratio:
AximTrade provides various types of trading accounts, each with a different leverage ratio:
- STANDARD ACCOUNT: A leverage ratio of up to 1:3000.
- CENT ACCOUNT: A leverage ratio of up to 1:2000.
- ECN ACCOUNT: A leverage ratio of up to 1:1000.
- INFINITE ACCOUNT: An unrestricted leverage ratio.
- PRO ACCOUNT: A leverage ratio of up to 1:1000.
High leverage trading can magnify investors' profits, but it can also amplify potential losses. Especially in times of significant market volatility or unpredictability, the risks of high leverage trading become more pronounced. Investors may face the risk of rapid loss or even account blowout. Therefore, when trading with high leverage, investors must have adequate risk awareness and management ability.
Deposit and Withdrawal Methods:
AximTrade offers deposit and withdrawal methods and channels such as WeChat, Alipay, UnionPay, wire transfer, VISA, Mastercard, Perfect Money, Momopay, and Zalopay.
Trading Software:
According to the official AximTrade website, the company provides investors with the MetaTrader4 (MT4) trading software. The MT4 software offered by AximTrade supports desktop versions (Windows/MacOS), web versions, and mobile versions (iOS/Android).
Additional Services:
According to the official AximTrade website, the company offers additional services to investors, such as copy trading, economic calendars, and seminars. Copy trading allows investors to use or replicate others' trading strategies or methods. The economic calendar helps investors understand events that have occurred or are about to happen in the financial market. Seminars enable investors to learn about financial market-related knowledge.
Conclusion:
AximTrade is a forex broker not subject to strict regulation, holding an AR license from the Australian ASIC. However, the forex services it provides are not regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. The broker offers various account types with excessively high leverage ratios, posing significant trading risks to investors. Currently, AximTrade is marked as "In-Operation" on TraderKnows.
