AXNFX Spreads, leverage, minimum deposit Revealed

　　Regulation and general information

　　 AXNFXis a forex and cfd broker owned and operated by POWER BUSINESS GROUP LIMITED , based in Seychelles. AXNFX it is not currently subject to any effective regulation at this time.

　　 market instruments

　　 Investors can trade a variety of assets on the Axn FX platform, mainly currency pairs, commodities, indices, stocks, and cryptocurrencies.

　　 minimum deposit

　　 AXNFXoffers three different trading accounts: classic (with a minimum initial deposit of $100), premium (with a minimum initial deposit of $2,000), and pro (with a minimum initial deposit of $5,000).

　　 leverage AXNFX

　　 Trading leverage varies across different instruments. The maximum level of leverage for forex instruments is up to 1:400, which is considered high. Since leverage can amplify both profits and losses, inexperienced traders are not advised to use too high trading leverage.

　　 Spreads and commissions

　　 The EURUSD spread on the standard account is between 0.1 pips and 0.5 pips, and the trading commission is $20 per lot, which translates to a spread between 2.1 pips and 2.5 pips, which It doesn't seem competitive. Information on spreads and commissions on Premium and Pro accounts is not yet provided.

　　 trading platforms

　　 Axn FX offers traders the most popular trading platform available today, MT4, which is preferred by traders around the world for its powerful charting tools, extensive custom indicators, automated trading and EA trading. MT4 is suitable for both novice and experienced traders, applied by traders of all levels to develop different trading strategies that help them get ahead in the financial markets.

　　 deposit and withdrawal

　　 Axn FX supports traders through bank transfers, credit/debit cards and popular electronic payment methods such as Skrill, Neteller.