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Company Name
AXEL Private Market Limited
Company Abbreviation
AXEL
Platform registered country and region
Australia
Company website
Company summary
Pyramid scheme complaint
Expose
| AXEL Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Australia |
| Regulation | ASIC |
| Market Instruments | Stocks, CFDs, commodities, indices, cryptos, and currencies |
| Demo Account | / |
| Islamic Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.5 pips (Standard account) |
| Trading Platform | MT4 |
| Minimum Deposit | $100 |
| Customer Support | 24/7 support, contact form |
| Tel: +61 883264233 | |
| Email: support@axelprivatemarket.com | |
| Address: Unit 3, 110 Unley Rd, Unley South Australia 5061 | |
AXEL Information
AXEL is a regulated broker, offering trading on stocks, CFDs, commodities and indices with leverage up to 1:500 and AXEL spread from 0 pips on the MT4 platform. The minimum deposit requirement is $100.
Pros and Cons
| Pros | Cons |
| Regulated by ASIC | Limited info on deposit and withdrawal |
| A wide variety of instruments | |
| MT4 platform | |
| 24/7 customer support | |
| No deposit and withdrawal fees |
Is AXEL Legit?
Yes. AXEL is licensed by Australia Securities & Investment Commission (ASIC) with license number 000529733 to offer services and provides segregated accounts.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
| Australia | ASIC | Regulated | AXEL PRIVATE MARKET PTY LTD | Market Maker (MM) | 000529733 |
What Can I Trade on AXEL?
AXEL offers trading on stocks, CFDs, commodities, indices, cryptos, and currencies.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| Currencies | ✔ |
| Bonds | ❌ |
| ETFs | ❌ |
| Options | ❌ |
Account Type
Here are three account types AXEL offers.
| Account Type | Minimum Deposit |
| ECN | $100 |
| Standard | |
| Islamic |
Leverage
AXEL offers flexible leverage options. Higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.
| Instrument | Maximum Leverage |
| Forex | 1:500 |
| Metals | |
| Indices | 1:100 |
| Commodities |
AXEL Fees
| Account Type | Spread | Commission |
| ECN | From 0 pips | $7/Lot |
| Standard | From 1.5 pips | 0 |
| Islamic |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, mobile, web | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Here at Axel Private Market Limited, deposits and withdrawals are free of charge. However, in situations where the environment is not within our control, you will be charged a certain fee not by AXEL but by relevant parties such as Banks, E-Wallet companies, andor Payment Channel Providers pertaining to your depositing or withdrawing.
