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Score
Australia
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Score
Regulatory Index0.00
Business Index7.55
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
Feature | Information |
Company Name | AXIS |
Registered Country/Area | Australia |
Founded year | 2014 |
Regulation | ASIC |
Market Instruments | Forex, CFDs, Cryptocurrencies |
Account Types | Standard, Pro, VIP |
Minimum Deposit | $10 |
Maximum Leverage | 1:2000 |
Spreads | Variable |
Trading Platforms | MetaTrader 4, MetaTrader 5 |
Demo Account | Yes |
Customer Support | 24/5 Live Chat, Email |
Deposit & Withdrawal | Credit/Debit Cards, Bank Wire, E-wallets |
Educational Resources | Limited |
AXIS is an online trading platform founded in 2014. It offers a variety of trading instruments, including forex, CFDs, and cryptocurrencies. AXIS operates under strict ASIC regulation and provides access to popular platforms like MetaTrader 4 and MetaTrader 5.
With a minimum deposit of only $10 and a demo account available, AXIS is suitable for both beginner and experienced traders. The platform offers a wide range of account types with varying features and benefits, including maximum leverage of 1:2000 and variable spreads. While customer support is available 24/5 through live chat and email, educational resources are limited. This could pose a challenge for new traders who require additional guidance.
Overall, AXIS offers a robust trading platform with a variety of features and benefits. However, the lack of regulation and limited educational resources should be considered before opening an account.
Pros | Cons |
Wide range of trading instruments: Includes forex, CFDs, and cryptocurrencies. | Limited educational resources: May be challenging for beginners. |
Popular trading platforms: MetaTrader 4 and MetaTrader 5. | Variable spreads: Can be unpredictable for some traders. |
Low minimum deposit: Only $10 required to start trading. | High maximum leverage: 1:2000 can be risky for inexperienced traders. |
Demo account available: Allows traders to practice without risking real money. |
Pros:
Wide Range of Trading Instruments: This means that traders have a variety of options to choose from, including forex, CFDs, and cryptocurrencies. This helps diversify their trading portfolio and manage risks better.
Popular Trading Platforms: Offering MetaTrader 4 and MetaTrader 5 means traders can use some of the most widely acclaimed platforms for their trading activities. These platforms are known for their advanced features, tools, and user-friendly interfaces.
Low Minimum Deposit: With a requirement of only $10 to start trading, it means that the platform is accessible to traders with various budget levels.
High Maximum Leverage: A leverage of 1:2000 is indeed high, providing traders with significant profit potential. However, high leverage also comes with high risks, which traders should be mindful of.
Demo Account Available: Allows traders, especially beginners, to practice trading without risking real money. This helps in understanding the trading platforms and strategies better.
Cons:
Limited Educational Resources: For beginners and less experienced traders, having comprehensive educational resources is a significant benefit. Limited educational resources might make the learning curve steeper for them.
Variable Spreads: Variable spreads can at times lead to unpredictability in trading costs. This can make it a bit challenging for some traders, especially those who prefer fixed spreads for better predictability.
High Maximum Leverage: While high leverage can provide notable profits, it's a double-edged sword that can also result in significant losses, especially for inexperienced traders not versed in managing leverage risks.
AXIS is a regulated forex broker with license number 365948. The license was issued on September 7, 2010 to KAKARIKI CAPITAL PTY LIMITED, which is the licensed institution that operates AXIS.
This means that AXIS is subject to ASIC's strict regulations, which are designed to protect consumers. For example, AXIS is required to hold client funds in segregated accounts, and it must also maintain a minimum capital requirement. ASIC also regularly audits AXIS to ensure that it is complying with all regulations.
It is important to note that ASIC is a highly respected regulator, and its license is a valuable endorsement for any forex broker.
AXIS offers a variety of trading products across different asset classes, catering to diverse investor preferences. Here's a breakdown of their product offerings:
Forex Trading:
Trade major, minor, and exotic currency pairs with variable spreads and leverage up to 1:2000.
Access popular pairs like EUR/USD, USD/JPY, and GBP/USD.
Utilize trading tools and analysis features within the MetaTrader platforms.
CFD Trading:
Speculate on the price movements of various underlying assets through CFDs.
Trade indices like S&P 500, FTSE 100, and Nikkei 225.
Gain exposure to commodities like gold, silver, and oil.
Access CFDs on popular stocks from around the world.
Cryptocurrency Trading:
Buy and sell popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
Trade major crypto pairs with variable spreads and flexible leverage.
Leverage the volatility of the crypto market for potential gains.
AXIS Trader offers a range of account types to cater to different trading needs and preferences. Each account comes with varying features and benefits, allowing you to choose the one that best suits your trading experience and risk tolerance.
Standard Account:
This is the most basic account type, ideal for beginners or those with limited trading experience. It offers a minimum deposit of $10, variable spreads, and access to the MetaTrader 4 and MetaTrader 5 platforms. Standard account holders have access to basic customer support and limited educational resources.
Pro Account:
Designed for experienced traders, the Pro Account provides tighter spreads, higher leverage of up to 1:500, and access to dedicated customer support. Additionally, Pro account holders receive exclusive trading signals and market insights.
VIP Account:
The VIP Account caters to seasoned traders seeking the best possible trading conditions. It offers the tightest spreads, access to the highest leverage of 1:2000, and personalized account management. VIP account holders also receive exclusive access to advanced market analysis tools and trading strategies.
Each account type comes with a set of benefits and requirements. It is crucial to carefully evaluate your trading needs and risk tolerance before selecting the most suitable account for your circumstances.
Feature | Standard Account | Pro Account | VIP Account |
Minimum Deposit | $10 | $100 | $1,000 |
Spreads | Variable | Tighter than Standard | Tightest |
Leverage | Up to 1:200 | Up to 1:500 | Up to 1:2000 |
Customer Support | Basic | Dedicated | Personalized Account Management |
Educational Resources | Limited | Limited | Advanced Market Analysis Tools and Strategies |
Trading Signals and Market Insights | No | Yes | Yes |
Copy Trading Tool | No | Optional | Yes |
Bonus | No | May be offered | May be offered |
Other Features | - | - | Exclusive Trading Signals and Market Insights |
24/7 Live Video Chat Support | No | No | Yes |
Withdrawals | Standard processing time | Faster processing time | Prioritized processing time |
Demo Account | Yes | Yes | Yes |
Here are the steps on how to open an account with AXIS Trader:
Visit the AXIS Trader website:
Navigate to the official AXIS Trader website using your preferred web browser.
Click on the 'Open Account' button:
Locate the 'Open Account' button prominently displayed on the website's homepage. Clicking this button initiates the account opening process.
Complete the online application form:
A comprehensive online application form will appear, requiring you to provide personal information such as your full name, date of birth, contact details, and residential address. Ensure all information is accurate and complete.
Choose your desired account type:
AXIS Trader offers three account types: Standard, Pro, and VIP. Select the account that aligns with your trading experience, investment goals, and risk tolerance.
Verify your identity:
Upload the required documents for identity verification purposes. This typically includes a copy of your passport or government-issued ID and a recent utility bill as proof of residence.
Fund your account:
Choose your preferred deposit method from the available options, such as credit/debit cards, bank wire transfer, or e-wallets. Enter the required amount and follow the prompts to complete the deposit process.
Download and install the trading platform:
AXIS Trader supports the popular MetaTrader 4 and MetaTrader 5 platforms. Choose the platform that suits your preference and download it to your device. Follow the installation instructions to set up your account.
Log in and start trading:
Once the platform is installed and your account is funded, launch the application and log in using your credentials. Explore the platform's features, familiarize yourself with the tools and instruments, and begin your trading journey.
Spreads:
AXIS Trader employs a variable spread model, where the difference between the bid and ask prices fluctuates based on market conditions and liquidity. Spreads are not uniform and can vary across different trading instruments and account types. Typically, standard accounts exhibit wider spreads compared to Pro and VIP accounts. The average spread during peak trading hours is as follows:
Standard Account: 1.6 pips
Pro Account: 0.8 pips
VIP Account: 0.2 pips
Commissions:
For Standard accounts, there are no commissions involved. On the other hand, Pro and VIP accounts incur a $3.50 USD roundtrip commission (totaling $7 USD) for every 1 standard lot traded. Commissions are prorated for trades with less than 1 standard lot, providing flexibility for traders with varying position sizes. The commission structure aims to align with the enhanced features and benefits offered by Pro and VIP accounts, emphasizing a transparent approach to trading costs on the AXIS Trader platform. Traders should be mindful of these variations in spreads and commissions when selecting their account type based on individual trading preferences and strategies.
Here's a table summarizing the spreads and commissions information:
Account Type | Spreads | Commissions |
Standard | Variable (average 1.6 pips) | Commission-free |
Pro | Variable (average 0.8 pips) | $3.50 USD roundtrip per standard lot |
VIP | Variable (average 0.2 pips) | $3.50 USD roundtrip per standard lot |
AXIS Trader offers maximum leverage of up to 1:2000 for certain trading instruments and account types. Leverage allows you to amplify your potential returns with a smaller initial investment. However, it also magnifies potential losses, so it's crucial to use leverage responsibly and manage your risk effectively.
Here's a breakdown of the maximum leverage offered for different account types and instruments:
Account Type | Maximum Leverage |
Standard | 1:200 |
Pro | 1:500 |
VIP | 1:2000 |
AXIS Trader primarily offers two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are user-friendly and offer a comprehensive set of features for novice and experienced traders alike.
MetaTrader 4 (MT4):
MT4 stands out as a widely used and established platform, particularly popular among forex traders globally. Its familiarity is underscored by a vast community of users. The user-friendly interface is designed for easy navigation, making it accessible for traders at all experience levels. MT4 also excels in providing advanced charting tools, offering a plethora of technical indicators and drawing tools for in-depth market analysis. Furthermore, it supports automated trading strategies through Expert Advisors (EAs). To enhance accessibility, traders can also utilize the MT4 mobile app, available for both iOS and Android devices, allowing them to trade on the go.
MetaTrader 5 (MT5):
MT5 builds upon the foundation of MT4, introducing more advanced features to meet the evolving needs of traders. This includes a built-in market depth view, additional order types, and a comprehensive backtesting environment for refining trading strategies. MT5 boasts improved charting capabilities, offering more timeframes and chart types for enhanced analysis. The platform enables multi-market trading, allowing users to trade a broader range of instruments, including stocks, bonds, and futures, in addition to forex and CFDs. Security is a priority, with MT5 implementing enhanced features to protect trading data.
Overall, AXIS Trader offers a robust trading platform experience with MetaTrader 4 and MetaTrader 5. Choose the platform that best suits your trading goals and preferences.
Deposit:
AXIS Trader facilitates user-friendly deposit methods, offering flexibility for traders to fund their accounts. Credit and debit cards, including popular choices like Visa, Mastercard, and Maestro, allow for instant transactions without incurring any deposit fees. For those opting for larger deposits, the secure and reliable Bank Wire Transfer is available, though processing times may vary based on the user's bank, and fees, typically charged by the user's bank, may apply. E-wallets, such as Skrill, Neteller, and WebMoney, present a quick and convenient option for smaller deposits, although fees may be applicable, contingent on the chosen e-wallet. While Credit/Debit card deposits remain fee-free, users should be aware of potential fees associated with Bank Wire Transfers and specific e-wallet choices, emphasizing the importance of selecting a method aligned with their preferences and trading strategy.
Withdrawal :
AXIS Trader offers a streamlined process for withdrawing funds from your trading account through two primary methods. Firstly, Bank Wire Transfer is highlighted as the most secure option, particularly suitable for large withdrawals. While processing times may vary based on your bank, it is emphasized that fees may apply, typically charged by your bank. Secondly, users can opt for the convenience of E-wallets for quick access to funds. However, similar to the Bank Wire Transfer, withdrawal fees may apply, contingent on the chosen e-wallet. It's crucial for users to be mindful of potential fees associated with their selected withdrawal method and choose the option that aligns with their preferences and withdrawal needs.
Inactivity Fee:
AXIS Trader may impose an inactivity fee of $10 per month on accounts that have remained inactive for a period of 3 months or more. This fee is intended to encourage account activity and serves as a notification for users about potential charges related to extended inactivity.
Here's a table summarizing the payment methods and fees:
Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
Credit/Debit Cards | Free | charged by the bank | Instant |
Bank Wire Transfer | charged by the bank | Varies | 1-3 business days |
E-wallets | Varies | Varies | Instant |
AXIS offers customer support through various avenues, demonstrating a commitment to meet their users' needs.
24/5 Live Chat: AXIS can be contacted via the popular messaging and social media platform, QQ. They can be reached at the following numbers: 923792631 and 3532104381. QQ offers a convenient and fast way to get in touch and may work best for brief, direct queries or simple conversations.
Email: Alternatively, for more detailed inquiries or if you prefer written communication, you can reach out to AXIS through email at info@axishg.com. This option could be used for complex questions or issues, to attach files or screenshots, or for matters that don't require immediate attention.
While AXIS offers a range of trading platforms and features, its educational resources are limited. This may pose a challenge for new traders who require guidance and learning materials to understand the complexities of trading and develop their skills.
AXIS Trader provides a comprehensive FAQ section addressing common queries related to account opening, deposits and withdrawals, and trading platforms. A glossary is also available, offering definitions for key trading terms and concepts. While the platform offers limited video tutorials covering basic trading platform functionalities and simple strategies, it aims to support users in understanding essential aspects of trading. Additionally, traders can access daily market news and analysis to stay informed about current events and trends, enhancing their market knowledge.
Overall, while AXIS offers basic resources like FAQs and video tutorials, the lack of in-depth educational materials may limit the learning experience for new traders. It's recommended to seek additional resources from external sources or consider alternative brokers with more comprehensive educational offerings.
AXIS offers a diverse range of trading instruments and features across various asset classes, catering to different investor preferences. It provides access to popular platforms like MetaTrader 4 and MetaTrader 5, various deposit and withdrawal methods, and customer support through multiple channels. However, AXIS Trader lacks in-depth educational resources, which might be challenging for beginner traders. Additionally, the lack of regulation and high maximum leverage can pose risk factors. Ultimately, deciding whether AXIS Trader is suitable depends on your individual needs and risk tolerance.
Q: Is AXIS Trader safe?
A: AXIS Trader is not regulated by any financial authority. This means that it does not have to meet the same standards as regulated brokers. However, it does use SSL encryption to protect your personal information.
Q: What are the minimum deposit and withdrawal amounts?
A: The minimum deposit amount is $10, while the minimum withdrawal amount depends on the chosen payment method.
Q: What are the spreads and commissions?
A: Spreads are variable and depend on the chosen instrument and account type. Commissions may apply depending on the account type and traded instrument.
Q: What is the maximum leverage offered?
A: AXIS Trader offers a maximum leverage of up to 1:2000 for certain instruments and account types. However, it's crucial to understand the risks involved before using high leverage.
Q: Does AXIS Trader offer a demo account?
A: Yes, AXIS Trader offers a demo account with virtual funds to practice trading before committing real money.
Q: What customer support options are available?
A: AXIS Trader offers customer support through live chat, email, and phone.
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