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 | \ | \ | \ |
Read more
What Impact Does Japan’s Positive Output Gap Have on the Yen?
The Japanese government has announced that, due to a tight labor market, the country’s economic output is expected to return to full capacity in the next fiscal year for the first time in seven years.
WikiFX Review: Is Ultima Markets Legit?
Ultima Markets has played a significant role in the forex trading industry for decades. WikiFX created a comprehensive review to help you better understand this broker. We will analyze its reliability based on specific information, regulations, etc. Let’s get into it.
WikiFX Review: Is FXTRADING.com still reliable?
FXTRADING.com is an online brokerage firm that offers trading services for various financial instruments such as forex, cryptocurrencies, shares, commodities, spot metals, energies, and indices. WikiFX has comprehensively reviewed this broker by analyzing its regulations, specific information, etc. so that you have a deep understanding of this broker.
Financial Educator “Spark Liang” Involved in an Investment Scam?!
A 54-year-old foreign woman lost her life savings of RM175,000 to an online investment scam that promised high returns within a short timeframe. The scam was orchestrated through a Facebook page named "Spark Liang."
WikiFX Broker
Latest News
Russia to Fully Ban Crypto Mining in 10 Regions Starting January 1, 2025
WikiFXWhy is there so much exposure against PrimeX Capital?
WikiFXTwo Californians Indicted for $22 Million Crypto and NFT Fraud
WikiFXWikiFX Review: Is Ultima Markets Legit?
WikiFXColorado Duo Accused of $8M Investment Fraud Scheme
WikiFXWhat Impact Does Japan’s Positive Output Gap Have on the Yen?
WikiFXMalaysia Pioneers Zakat Payments with Cryptocurrencies
WikiFXFCA's Warning to Brokers: Don't Ignore!
WikiFXOFX: Is It Good to Go? Broker Review
WikiFXFinancial Educator “Spark Liang” Involved in an Investment Scam?!
WikiFXRate Calc
