AXFX

Risk Warning

Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

General Information

What is AXFX？

AXFX is a brokerage firm based in Australia, regulated by ASIC, and founded in 2017. They offer a wide range of trading instruments across various asset classes, including forex, precious metals, CFDs, and stock indices. Their services include multiple account types, leverage options, competitive spreads, and access to popular trading platforms.

We will examine this broker's attributes from a variety of angles in the following post, giving you clear and organized information. Please continue reading if you're curious. To help you quickly comprehend the broker's qualities, we will also provide a concise conclusion at the end of the piece.

Pros & Cons

Is AXFX Safe or Scam？

AXFX's regulation by ASIC (Australian Securities and Investments Commission) contributes to the credibility and reliability of their operations. ASIC is a reputable regulatory authority known for its stringent oversight and regulatory framework within the financial industry. However, while regulation is an important aspect to consider, it is prudent for traders to conduct further research and due diligence. This involves examining the broker's reputation within the industry, seeking client feedback and reviews, and staying informed about any recent developments or regulatory actions related to the broker.

Market Instruments

AXFX offers an extensive selection of trading instruments spanning various asset classes, providing traders with a wide array of options to diversify their investment portfolios.

In the forex market, clients can trade major currency pairs, such as EUR/USD and GBP/USD, as well as minor and exotic currency pairs, enabling them to take advantage of global currency movements.

Additionally, AXFX allows traders to access precious metals like gold and silver, allowing them to participate in the commodities market and potentially benefit from their safe-haven status or industrial demand.

With CFDs (Contracts for Difference), traders can speculate on the price movements of numerous underlying assets without actually owning them. This includes popular indices such as the S&P 500, NASDAQ, and FTSE 100, providing exposure to the performance of entire markets.

By trading CFDs on stock indices, traders can take positions on market trends, hedge existing portfolios, or capitalize on short-term opportunities.

Accounts

AXFX caters to the diverse needs of traders by offering three distinct account types: STP Standard, ECN Advanced, and VIP Institutional. Each account type is designed to accommodate traders with varying levels of experience, trading goals, and available capital.

The STP Standard account is an entry-level option that requires a minimum deposit of $100. It is well-suited for beginner traders or those who prefer to start with a smaller investment.

For more experienced traders or those with larger capital, the ECN Advanced account is available. This account type requires a minimum deposit of $20,000, reflecting a higher level of commitment and trading capabilities.

The VIP Institutional account is tailored for institutional traders or high-net-worth individuals who require personalized services and have substantial trading capital. With a minimum deposit requirement of $50,000, this account type offers exclusive benefits such as priority customer support, customized trading conditions, and enhanced liquidity.

Leverage

For the STP Standard and ECN Advanced accounts, AXFX offers a maximum leverage of 1:400. This means that traders can trade with up to 400 times their initial investment. Such high leverage ratios allow traders to control larger positions in the market, potentially magnifying their profits if the market moves in their favor.

The VIP Institutional account, tailored for institutional traders and high-net-worth individuals, offers a slightly lower maximum leverage of 1:100. While still significant, this leverage ratio is comparatively lower than that offered in the STP Standard and ECN Advanced accounts.

It is crucial for traders to understand the implications of leverage and its associated risks. While leverage can enhance potential profits, it also amplifies losses if trades move against expectations.

Spreads & Commissions

AXFX offers competitive spreads across its various account types, allowing traders to access the markets at favorable rates. The broker provides different spreads for each account type, catering to the specific needs and trading preferences of its clients.

For the STP Standard account, AXFX offers spreads starting from 1.8 pips. This account type is designed for traders who prefer a straightforward trading environment with competitive pricing.

The ECN Advanced account, on the other hand, offers even tighter spreads, starting from 1.0 pip. This account type is suited for more experienced traders who require direct market access and benefit from the potential advantages of trading with narrower spreads.

For institutional traders or high-net-worth individuals, the VIP Institutional account provides the most favorable spreads, starting from an impressively tight 0.1 pips. These ultra-low spreads reflect the premium trading conditions and tailored services offered to clients with substantial capital and specific institutional requirements.

While AXFX provides information about the spreads across its different account types, there is no specific information available about the commissions charged by the broker.

Below is a comparison table about spreads and commissions charged by different brokers:

Trading Platform

The MT4 platform provided by AXFX is renowned for its user-friendly interface and comprehensive set of tools and features. Traders can benefit from advanced charting capabilities, allowing them to analyze price movements, apply technical indicators, and identify trading opportunities with ease. The platform offers a wide range of chart types, timeframes, and drawing tools, enabling traders to customize their charts according to their preferences and trading strategies.

One of the key advantages of the MT4 platform is its extensive library of customizable indicators. Traders can choose from a vast selection of technical indicators or even create their own, empowering them to perform in-depth technical analysis and gain insights into market trends and potential entry or exit points. This flexibility and customization options allow traders to tailor the platform to their individual trading preferences.

See the trading platform comparison table below:

Customer Service

AXFX accepts customer service via email: (admin@axfxpv.com), telephone, and live chat. They provide assistance and support to clients, addressing their queries, concerns, and technical issues promptly.

Registered company address: Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent and the Grenadines

Office address: Room 3306, South Tower, Hong Kong Plaza, No. 283 Huaihai Middle Road, Huangpu District, Shanghai

Office phone: 4006069987

Education

AXFX supports its clients' trading journey by providing valuable educational resources to enhance their trading skills and knowledge. The educational tools provided include technical analysis resources and economic calendars, which are powerful aids for traders to make informed decisions and stay up-to-date with market events and trends.

Technical analysis resources form a crucial component of AXFX's educational offerings. These resources provide traders with a deeper understanding of technical indicators, chart patterns, and market trends. By utilizing technical analysis, traders can analyze historical price data, identify patterns, and anticipate potential future price movements.

In addition to technical analysis, AXFX provides access to economic calendars, which are indispensable tools for traders. An economic calendar is a comprehensive schedule of economic events, including key economic indicators, central bank announcements, and other significant events that can impact the financial markets. By staying updated with these events, traders can anticipate market volatility, identify potential trading opportunities, and manage their positions effectively.

Conclusion

AXFX is an Australian brokerage firm founded in 2017 and regulated by ASIC. They offer a diverse range of trading instruments across different asset classes. Clients can choose from multiple account types with varying deposit requirements and leverage options. The broker provides the popular MT4 trading platform for seamless trading experiences. AXFX offers customer service through email, telephone, and live chat, although specific details about its quality are not available. They also provide educational resources such as technical analysis and an economic calendar. Traders should consider the regulatory status, available information, and conduct further research to determine the suitability and reliability of AXFX.

Frequently Asked Questions (FAQs)

Q1: Is AXFX a regulated brokerage firm？

A1: Yes, AXFX is regulated by ASIC, the regulatory authority in Australia.

Q2: What are the minimum deposit requirements for AXFX accounts？

A2: The minimum deposit requirements for AXFX accounts are $100 for the STP Standard account, $20,000 for the ECN Advanced account, and $50,000 for the VIP Institutional account.

Q3: What is the maximum leverage offered by AXFX？

A3: AXFX offers a maximum leverage of 1:400 for the STP Standard and ECN Advanced accounts and 1:100 for the VIP Institutional account.

Q4: What trading platform does AXFX provide？

A4: AXFX offers the MetaTrader 4 (MT4) trading platform, which can be downloaded on mobile, computer, and tablet terminals.