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No Regulation
Score
1.78 /10
Danger
Axen Broker
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index4.80
Risk Management Index0.00
Software Index7.73
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-11-14
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Axen BrokerReview Summary | |
| Founded | 2021-12-22 |
| Registered Country/Region | Mexico |
| Regulation | Not regulated |
| Market Instruments | Forex, Metals, Indicies, Cryptocurrencies, Actions, ETFs and Energies |
| Demo Account | ❌ |
| Leverage | Up to 1:100 |
| Spread | Medium |
| Trading Platform | MT5, C-TRADER, Axen Copy-PAMM |
| Min Deposit | $ 500 |
| Customer Support | Phone: +524521820018 |
| Email: support@axenbroker.com | |
| Address: Madrid 11 a Huertas del Cupat. Paseo Lazaro Cardenas y Mazatlan, Huertas del Capatitzio | |
Axen Broker was founded by Axen Capital LTD in 2021 in Mexico. It offers 3 trading platforms: MT5, C-TRADER and Axen Copy-PAMM. Besides, there are various trading assets, including Forex, Metals, Indicies, Cryptocurrencies, Actions, ETFs and Energies. However, it is not regulated by any financial authorities.
Pros and Cons
| Pros | Cons |
| Multiple trading platforms | High minimum deposit |
| Various trading assets | Low leverage |
| Not regulated | |
| Lack of transparency |
Is Axen Broker Legit?
Axen Broker's company Axen Capital LTD claims it is authorised and regulated by Moheli Corporate Services Ltd - COMOROS UNION, Mwali International Services Authority and the registration number is T2023261. However, the website of the authority shows no results of the number T2023261.
What Can I Trade on Axen Broker?
Axen Broker provides over 800 trading instruments, including over 100 pairs of forex, metals, indices, cryptocurrencies, actions, ETFs and energies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Actions | ✔ |
| ETFs | ✔ |
| Energies | ✔ |
| Options | ❌ |
Account Type
Axen Broker offers various account types according to different trading platforms.
MT5
| Account Type | Minimum Trade | Minimum Deposit |
| ECN-Zero Commission | 0.01 Lot | $500 |
| ECN-Standard | $1000 | |
| ECN-business | $2500 | |
| ECN-PROFESIONAL | $5000 |
C-TRADER
| Account Type | Minimum Trade | Minimum Deposit |
| ECN-STANDARD | 0.01 | $1000 |
| ECN-PROFESIONAL | $5000 |
Axen Copy-PAMM
| Account Type | Minimum Trade |
| Copy Trading | 0.00000001 lot |
| MAM Account | |
| Investment Fund for Everyone |
Leverage
The leverage of all accounts of Axen Broker is fixed at 1:100. Traders should be more careful because high leverage always comes with high profits and losses.
Spreads & Commissions
MT5
| Account Type | Spread | Commission |
| ECN-Zero Commission | Medium | $0 |
| ECN-Standard | Small | $5 |
| ECN-business | Raw | $12 |
| ECN-PROFESIONAL | Raw | $9 |
C-TRADER
| Account Type | Spread | Commission |
| ECN-STANDARD | Raw | $ 20 |
| ECN-PROFESIONAL | Raw | $ 15 |
Trading Platforms
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, IOS and Android | Experienced traders |
| C-TRADER | ✔ | Desktop, Web | Experienced traders |
| Axen Copy-PAMM | ✔ | Web | Beginners |
Customer Service
Axen Broker offers 24/7 customer support. Traders can contact them by phone and email.
| Contact Options | Details |
| Phone | +524521820018 |
| support@axenbroker.com | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | Telegram, Instagram and Whatsapp |
| Supported Language | Spainish |
| Website Language | Spainish |
| Physical Address | Madrid 11 to Huertas del Cupat. Paseo Lázaro Cárdenas and Mazatlán, Huertas del Capatitzio |
The Bottom Line
To sum up, though Axen Broker provides multiple trading platforms and trading assets, its minimum deposit is higher than other brokers. Besides, it is also not regulated and shows limited information about its fees. Traders should be cautious when trading.
FAQs
Is Axen Broker safe?
No, it is not regulated.
Does Axen Broker truly offer commission-free trading?
No, it differs from different account types, ranging from $0 to $20.
What kind of trading platform does Axen Broker offer?
It offers three trading platform: MT5, C-TRADER, Axen Copy-PAMM.
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