A Quick Summary of AximTrade
AximTrade has only been around for a few years now, but since its foundation in 2018, this broker run by the Thara Heights Owner’s Corporation has built a reputation for flexibility and reliability. In particular, if you are looking to trade with a small account, AximTrade might fit your needs.
|🕵 Broker Type||MM|
|📌 Regulated||FSC (The British Virgin Islands)|
|💰 Min Deposit||$1|
|💹 EUR/USD Spread||1.3 Pips|
|📈 Demo Account||Yes|
|💱 Base Currencies||AUD, CHF, EUR, GBP, HUF, JPY, PLN, RUB, SGD, USD, ZAR|
|💎 Assets||Commodities, Cryptos, Energies, Indices, Forex, Metals, Real Stocks|
|📉 Hedging Allowed||Yes|
AximTrade Broker Details
Thara Heights Owner’s Corporation
FSC (The British Virgin Islands)
Australia (AU), Austria (AT), Belgium (BE), Bulgaria (BG), Canada (CA), Croatia (HR), Cyprus (CY), Czech Republic (CZ), Denmark (DK), Estonia (EE), Ethiopia (ET), European Union (EU), Finland (FI), France (FR), Germany (DE), Gibraltar (GI), Greece (GR), Hungary (HU), Iran (IR), Iraq (IQ), Ireland (IE), Israel (IL), Italy (IT), Latvia (LV), Lithuania (LT), Luxembourg (LU), Malta (MT), Netherlands (NL), New Zealand (NZ), North Korea (KP), Palestine (PS), Philippines (PH), Poland (PL), Portugal (PT), Romania (RO), Singapore (SG), Slovakia (Slovak Republic) (SK), Slovenia (SI), Spain (ES), Sweden (SE), Syria (SY), United Kingdom (GB), United States (US), Yemen (YE)
Market Maker (MM)
Commodities CFDs, Cryptocurrencies, Energies CFDs, Equity Indices CFDs, Forex Pairs CFDs, Precious Metals CFDs, Real Stocks
AliPay, Bank Wire, BitCoin, China Union Pay, FasaPay, Local Transfers, MomoPay, Neteller, Paytm, Skrill, UPI, WeChat, Zalopay
MetaTrader 4 (MT4)
License and Protection
The first question you probably have about AximTrade is, “Are they regulated, and will my funds be safe?”
AximTrade is owned by the Thara Heights Owner’s Corporation. As far as the company’s background goes, this corporation has extensive experience in the FX market. Since 2010, they have supplied over 15 brokerages with financial solutions.
So, in operating their own brokerage, they are building on that experience, using the financial solutions they have developed over the past decade to offer a solid customer experience to AximTrade investors.
Thara Heights Owner’s Corporation is registered in the British Virgin Islands by the BVI Financial Services Commission under number FSC 1566389.
What does this mean for you?
Companies that set up in the British Virgin Islands usually do so to take advantage of low taxes. That means that they tend to have lower operating costs overall. They can pass those savings onto the customer in the form of lower commissions and fees.
Indeed, you will discover in this review that AximTrade’s spreads, commissions, and fees are competitive.
The other good thing about the BVIFSC is that it is a valid regulator. To maintain its regulatory status, a BVIFSC broker needs to follow certain rules in accordance with the Securities and Investment Business Act of 2010. Brokers that scam their customers or participate in insider trading can lose their right to legally operate in the British Virgin Islands.
One downside is that BVIFSC is not the strictest of regulators. The rules and requirements it sets are pretty sparse, and it can be lenient when it comes to enforcement. So, traders have less protection when trading with a BVIFSC-regulated broker than one regulated by a more rigorous agency in another country.
While the BVIFSC does provide you with some protection when trading with AximTrade, this broker takes another step to keep you safe while investing, and that is to segregate your funds.
What is the importance of segregating client funds?
Not all brokers do this. Those that do not keep client funds pooled with company funds. That means that when such brokers make investments of their own, they may put client money on the line to do so.
AximTrade segregates customer funds. That means that they keep client funds separate from company funds.
When they invest, they never risk your money. It stays safe in its segregated account.
The other advantage of segregating funds like this is that your money is protected should the corporation ever become insolvent.
If creditors or the government put a lien on Thara Heights Owners’ Corporation, your funds will not be affected in any way.
Support and Customer Services
You can contact AximTrade by sending a message through the contact form, or you can hop on live chat to talk to an agent in real-time.
The company is on Twitter, Facebook, and Instagram as well, so you could contact them through social media.
While researching AximTrade, we contacted customer support via live chat with a number of questions. We were instantly greeted by a polite agent who answered them swiftly. We were satisfied by the speed of the responses as well as the helpfulness of the agent. You can access support 24/7.
Platforms and Technologies
The only trading platform we found listed for this broker is MetaTrader 4 (MT4), which may be a drawback if you are seeking a larger selection.
Most traders, however, will be satisfied with MT4 alone, as it is the top forex platform on the planet. It is the go-to platform for retail traders worldwide owing to its sophisticated charts, a huge selection of indicators, and support for custom indicator imports and MQL programming. It is free to use.
Trading Accounts & Conditions
There are three different types of trading accounts you can open at AximTrade:
- Standard Account
- Cent Account
- ECN Account
If you are looking for the most rapid execution and the highest degree of transparency, you’ll want to go with the ECN account.
For both the Standard and ECN account types, 1 lot = 100,000 units of your currency. Leverage is as high as 1:1,000 for the ECN account and as high as 1:3,000 for the Standard account. Spreads are as low as 1 pip, and while there is no commission for the Standard or Cent accounts, there is a low $3 commission for the ECN account.
The minimum deposit for the ECN account is $50, but it is just $1 for either the Standard account or the Cent account.
If you open a Cent account, the lot size is just 1,000 units of your currency. For every type of account, the minimum trade volume is just 0.01 lots.
We love the flexibility between these different types of accounts, as well as how friendly this broker is to traders with limited bankrolls.
Opening a Cent account allows you to start trading even if you do not have a lot of money to stake on each of your trades, as does the $1 minimum deposit and withdrawal amount.
The high leverage is also an attractive feature. Usually, brokers don’t exceed 1:1,000, so 1:3,000 is pretty amazing.
Another big selling point for AximTrade is that if you are located in a select region, you may be able to get a swap-free account. If you are in a qualifying region, you do not need to do anything special to get this type of account. It will be set up on your behalf automatically when you open an account.
Not ready to start trading with real money right away? On the account types page on AximTrade, you can click “Request Demo Account.”
You can choose between a Standard or ECN demo account, making it easy for you to practice what it would be like to trade for real on either.
AximTrade says it offers more than 49 currency pairs to trade, but as of the time of this writing, we checked and found 33. These include all of the major pairs:
There is a chart on the site where you can see at a glance what the average and minimum spreads are for each pair. We see minimum spreads as low as 1.0 pips for some pairs.
Along with these forex assets, you will find commodities, cryptocurrencies, energies, indices, metals, and real stocks available.
- Two metals: Gold vs. USD and Silver vs. USD
- Two energies: US Crude Oil vs. USD and UK Brent Oil vs. USD
- 10 Indices
- Four cryptocurrency pairs: Bitcoin vs. USD, Litecoin vs. USD, Ripple vs. USD, and Ethereum vs. USD
So, the trading instrument selection heavily favors traditional currency pairs, but there are a few other things you can trade if you want to expand into some different types of assets.
When you go to make a deposit, you can look forward to a wide selection of base currencies, including AUD, CHF, EUR, GBP, HUF, JPY, PLN, RUB, SGD, USD, and ZAR.
As mentioned previously, this site offers a super low minimum deposit amount of just $1.
Deposit options include:
- China Union Pay
- Net Banking
- Quick Transfer
- QR code
- Local bank transfer
- Local depositor
The majority of these deposit methods are instantaneous, which is outstanding. The site also lists a 0% commission under fees for almost all payment methods.
Withdrawal methods currently available include:
- Local bank transfer
- Withdrawal INR
- Local depositor
There is a 4% commission for withdrawals through Neteller and Skrill, but none listed for the other methods.
Final Overview of AximTrade
While AximTrade has not been around as long as some competing brokers, this broker has some great features going for it.
High leverage, low minimum deposit, trade, and withdrawal amounts, tight spreads, and automatic swap-free accounts are all key benefits of investing through AximTrade.
Ready to get started? Click on “Visit AximTrade” at the top of this page to open your account now.
Frequently Asked Questions about AximTrade
✅ What are the minimum deposit and minimum withdrawal at AximTrade?
You can get started with a minimum deposit as low as $1. The minimum withdrawal is the same.
✅ What is the minimum trade size?
The minimum trade size is as low as 0.01 lot. With a Cent account, 1 lot = 1,000 units of your currency.