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No Regulation
Score
1.45 /10
Danger
AxesPrime
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
D
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.51
Risk Management Index0.00
Software Index4.00
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 :
2024-12-28
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| 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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