Axen Broker Spreads, leverage, minimum deposit Revealed

Axen Broker Information

　　Axen Broker, founded in 2021, is an unlicensed trading platform situated in Spain. It provides access to over 100 products across eight asset classes, including Forex, cryptocurrency, stocks, and ETFs, via MetaTrader, cTrader, and its proprietary AxenTrader. While it offers a variety of account kinds and social trading capabilities, it lacks regulatory control and does not accept demo or Islamic accounts.

Pros and Cons

Is Axen Broker Legit?

　　No, Axen Broker is not regulated. It is situated in Spain, although the CNMV (Comisión Nacional del Mercado de Valores), Spain's official financial regulatory authority, does not license or monitor it.

　　WHOIS domain information says that axenbroker.com was registered on December 22, 2021, and will be up for grabs on December 22, 2025. It was last changed on December 9, 2024, and it says “client delete prohibited” and “client transfer prohibited.”

What Can I Trade on Axen Broker?

　　Axen Broker provides traders with access to over 100 trading instruments across eight key asset classes, including 100+ Forex pairs, crypto CFDs, metals, energy, indices, stocks, ETFs, and NDFs. It enables CFDs for both spot and futures for a number of asset types, giving investors a wider range of trading options.

Account Type

　　Axen Broker has six types of live trading accounts that work with both MetaTrader and cTrader. Their website doesn't say anything about demo or Islamic accounts.

Leverage

　　All account types and platforms at Axen Broker can use a maximum leverage of 1:100. Traders can handle bigger positions with less money by using leverage, which can make both earnings and losses bigger.

Axen Broker Fees

　　Axen Broker's trading costs range from modest to high when compared to industry standards. Although spreads are competitive in some accounts, commissions, particularly on cTrader, can be much higher.

Trading Platform