Aximtrade Spreads, leverage, minimum deposit Revealed

Aximtrade Information

　　Aximtrade is a forex broker established in 2020 and registered in Saint Vincent and the Grenadines. It provides multiple account options, such as Cent, Standard, ECN, and Infinite, with leverage ranging from 1:1000 up to unlimited levels. The broker supports trading on the widely used MetaTrader 4 (MT4) platform.

Pros & Cons

Is Aximtrade Legit?

　　No, Aximtrade is not a licensed broker. Its licenses are either revoked or suspected of being a fake clone. In light of this, putting your money on the line would be an inexcusable mistake.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Australia Securities & Investment Commission	Revoked	AximTrade Pty Limited	Appointed Representative(AR)	001294600
	Australia Securities & Investment Commission	Suspicious Clone	HLK GROUP PTY LTD	Straight Through Processing (STP)	435746

What Can I Trade on Aximtrade?

　　Aximtrade provides clients with a wide selection of tradable assets, including forex pairs, precious metals (gold and silver), energy commodities (crude oil and natural gas), global indices (S&P 500 and NASDAQ), cryptocurrencies (Bitcoin and Ethereum), and individual stocks and commodities from global markets.

Account Types

　　There are four main kinds of trading accounts available to traders using Aximtrade, which are Cent, Basic, ECN, and Infinite.

Leverage

　　The leverage provided by Aximtrade is capped at 1:1000 to Unlimited Leverage.

　　Keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

　　This broker claims to offer competitive spreads that vary depending on the trading account type. For example, the Cent account and Standard account have floating spreads starting from 1.0 pips, while the ECN account has the tightest spreads, starting from 0 pips, and charges commissions ranging from $3 per lot.

Trading Platform

　　Aximtrade offers its clients two trading platforms: MetaTrader 4 (MT4) and a mobile app. MT4 is a widely recognized platform in the forex industry known for its advanced charting capabilities, technical analysis tools, and customizable interface. However, we couldn't find much information about the Aximtrade Mobile App.

Deposit and Withdrawal

　　Aximtrade supports a wide range of payment methods, including bank transfers, credit cards, and e-wallets.