AxesPrime-Overview of Minimum Deposit, Leverage, Spreads
Abstract：AxesPrime is allegedly an unregulated and blacklisted brokerage company registered in Cameroon that provides its clients with the industry-standard MetaTrader5 trading platform, leverage up to 1:500 and floating spreads, as well as a choice of five different account types.
| AxesPrime Review Summary | |
| Founded | 2023 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex currency pairs |
| Demo Account | ✔ |
| Leverage | Up to 1:500 |
| Spread | Around 2 pips for EUR/USD |
| Trading Platform | MetaTrader 5 (MT5) |
| Min Deposit | $250 |
| Customer Support | Phone: +18028519171 |
| Email: support@axes-prime.com | |
| Company address: 20-22 Wenlock Road, London, England, N1 7GU. | |
AxesPrime Information
AxesPrime is a forex broker registered in Cameroon. While it claims to offer forex trading on the MetaTrader5 platform with a leverage of up to 1:500 and a choice of five account types. However, the broker operates without a regulatory license from major financial authorities, posing a huge risk to the safety of your money.
Pros & Cons
| Pros | Cons |
| Offers the industry-standard MetaTrader5 platform. | Unregulated and blacklisted broker. |
| High leverage up to 1:500. | High minimum deposit ($100,00) for advanced accounts. |
Is AxesPrime Legit?
AxesPrime is not a regulated broker. While registered in Cameroon, no information verifies oversight by a legitimate financial authority in its home country. Furthermore, AxesPrime is not licensed by renowned regulatory bodies like the FCA (UK) or ASIC (Australia), making it a very risky when it comes to choice.
What Can I Trade on AxesPrime?
AxesPrime primarily offers forex trading.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ❌ |
| Shares | ❌ |
| Metals | ❌ |
| Commodities | ❌ |
| ETFs | ❌ |
| Crypto | ❌ |
| Bonds | ❌ |
| CFDs | ❌ |
| Futures | ❌ |
Account Type
AxesPrime provides five live account type: Starter, Silver, Golden, Platinum, and Investor; requiring minimum deposits of $250 up to $100,000.
However, the broker does not offer an Islamic account.
| Account Type | Minimum Deposit | Leverage |
| Starter | $250 | 1:500 |
| Silver | $5,000 | 1:500 |
| Golden | $20,000 | 1:500 |
| Platinum | $50,000 | 1:500 |
| Investor | $100,000 | 1:500 |
Leverage
AxesPrime offers leverage up to 1:500, which is higher than the industry standard. This can amplify potential gains but poses greater risks for novice traders.
AxesPrime Fees
Spreads for the EUR/USD pair are floating around 2 pips.
Trading Platforms
| Trading Platform | Supported | Available Devices | Suitable for which type of traders |
| MT4 | ❌ | \ | \ |
| MT5 | ✔ | Desktop, mobile, and web. | Advanced traders and Intermediate Traders |
Deposits & Withdrawals
AxesPrime has a minimum deposit requirement of $250.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Cards/Transfer | $250 | \ | \ |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Bank Cards/Transfer | \ | \ | \ |
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