Company Name
AXEL Private Market Limited
Company Abbreviation
AXEL
Platform registered country and region
Australia
Company website
Company summary
Pyramid scheme complaint
Expose
| AXELReview Summary | |
| Founded | 2019 |
| Registered Country/Region | Australia |
| Regulation | ASIC |
| Market Instruments | stocks, CFDs, commodities, indices, cryptos, and currencies |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 0 pips |
| Trading Platform | MT4 |
| Minimum Deposit | $100 |
| Customer Support | Contact form, 24/7 customer support |
| Tel: +61 883264233 | |
| Address: Unit 3, 110 Unley Rd, Unley South Australia 5061 | |
| Email: support@axelprivatemarket.com | |
| Regional Restrictions | / |
AXEL Information
AXEL is a regulated broker, offering trading on stocks, CFDs, commodities and indices with leverage up to 1:500 and AXEL spread from 0 pips on MT4. The minimum deposit requirement is $100.
Pros and Cons
| Pros | Cons |
| Regulated | No MT5 |
| A wide variety of instruments | No demo accounts |
| MT4 platform | |
| Various contact channels | |
| No deposit and withdrawal fees |
Is AXEL Legit?
Yes. AXEL is licensed by ASIC with license number 000529733 to offer services and provides segregated accounts.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
| Australia | ASIC | regulated | AXEL PRIVATE MARKET PTY LTD | Market Maker (MM) | 000529733 |
What Can I Trade on AXEL?
AXEL offers trading on stocks, CFDs, commodities, indices, cryptos, and currencies.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| Currencies | ✔ |
| Bonds | ❌ |
| ETFs | ❌ |
| Options | ❌ |
Account Type
Here are three account types AXEL offers.
| Account Type | Minimum Deposit |
| ECN | $100 |
| Standard | $100 |
| Islamic | $100 |
Leverage
AXEL offers flexible leverage options.
| Instrument | Maximum Leverage |
| Forex | 1:500 |
| Metals | 1:500 |
| Indices | 1:100 |
| Commodities | 1:100 |
AXEL Fees
Trading Fees
| Account Type | Commissions |
| ECN | $7 / Lot |
| Standard | No |
| Islamic | No |
AXEL Spreads
| Account Type | Spreads |
| ECN | 0 pips or greater |
| Standard | 1.5 pips or greater |
| Islamic | 1.5 pips or greater |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, mobile, web | Beginners |
| MT5 | ❌ | / | Experienced trader |
Deposit and Withdrawal
Here at Axel Private Market Limited, deposits and withdrawals have no charges and fees. However in situations where the environment is not within our control, you will be charged a certain fee not by AXEL but by relevant parties such as Banks, E-Wallet companies, andor Payment Channel Providers pertaining to your depositing or withdrawing.
