Axon Markets

WikiFX | 2024-12-04 14:29

Abstract：Axon Markets was registered in 2022 in Seychelles. It focuses on the forex, stocks, cryptos, spot metals, indices, and commodities markets, and uses MT5 as its trading platform. The minimum deposit is as low as 10 USD/JPY, but the leverage can be up to 1:2000. Besides, this company is offshore regulated, and please be aware of the risks.

Axon MarketsReview Summary
Founded	2022
Registered Country/Region	Seychelles
Regulation	FSA (offshore)
Market Instruments	Forex, stocks, cryptos, spot metals, commodities, indices
Demo Account	/
Leverage	Up to 1:2000
Spread	From 1.5 pips (Standard account)
Trading Platform	MT5
Social Trading	✅
Min Deposit	10 USD/JPY
Customer Support	Live chat, contact form
	Tel: +248 4224183 (Monday to Friday: 07:00 – 24:00 GMT+8)
	Email: info@axonmarkets.com; support@axonmarkets.com; feedback@axonmarkets.com
Regional Restrictions	The United States, Afghanistan, Belarus, Burma, Central African Republic, Congo, Cuba, Guinea, Iran, Libya, Mauritius, North Korea, Somalia, Syria, Venezuela, and Zimbabwe

Axon Markets was registered in 2022 in Seychelles. It focuses on the forex, stocks, cryptos, spot metals, indices, and commodities markets, and uses MT5 as its trading platform. The minimum deposit is as low as 10 USD/JPY, but the leverage can be up to 1:2000. Besides, this company is offshore regulated, and please be aware of the risks.

Pros and Cons

Pros	Cons
Diverse tradable assets	Offshore regulation risks
Islamic accounts	Regional restrictions
Low minimum deposit
MT5 provided
Social trading provided
Popular payment options
No fees for deposits and withdrawals
Various channels for customer support

Is Axon Markets Legit?

Axon Markets is offshore regulated by the Seychelles Financial Services Authority (FSA), and potential risks should be noted.

Regulated Authority	Current Status	Regulated Country	License Type	License No.
The Seychelles Financial Services Authority (FSA)	Offshore Regulated	Seychelles	Retail Forex License	SD115

What Can I Trade on Axon Markets?

Axon Markets provides 6 types of products, including forex, spot metals, commodities, indices, stocks, and cryptos.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Spot Metals	✔
Indices	✔
Stocks	✔
Cryptos	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type/Fees

Axon Markets offers 4 types of accounts, including Standard Account, Prime Account, Raw Spread Account, and LeveragePlus Account. Besides, an Islamic Account is also available.

Account Type	Min Deposit	Max Leverage	Spread	Commission
Standard	50 USD/JPY	1:500	From 1.5 pips	❌
Prime	1,000 USD/JPY		From 0.6 pips	❌
Raw Spread	500 USD/JPY		From 0 pips	$3 / lot
LeveragePlus	10 USD/JPY	1:2000	From 1.8 pips	❌

Leverage

For the LeveragePlus Account, the leverage can be up to 1:2000, and for other types of accounts, the leverage can be up to 1:500. Please be aware of the potential risks brought by high leverage.

Trading Platform

Axon Markets uses MT5 as its trading platform.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	PC, web, mobile	Experienced traders
MT4	❌	/	Beginners

Social Trading

Axon Markets provides a platform for social trading. On this platform, traders can share their trading experiences.

Deposit and Withdrawal

Payment Options	Min Deposit/ Withdrawal	Accepted Currencies	Deposit/Withdrawal Fees	Deposit Time	Withdrawal Time
Direct Bank Wire	$10	USD	❌	Up to 3 business days	Up to 3 business days
Credit Card (Visa/Master)		USD, JPY		Instant	Within 48 hours
Local Bank Transfer		Multiple local currencies
Skrill/Neteller		USD, JPY
Perfect Money/AstroPay		USD, JPY
Tether/Bitcoin		Major cryptos