Score

4.60 /10
Average

Axon Markets

Seychelles

1-2 years

Regulated in Seychelles

Retail Forex License

Suspicious Scope of Business

Medium potential risk

Offshore Regulated

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Score

Regulatory Index3.92

Business Index5.14

Risk Management Index8.22

Software Index4.00

License Index3.92

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Little Black Diamond Ltd

Company Abbreviation

Axon Markets

Platform registered country and region

Seychelles

Company website

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Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2025-01-11
  • The Seychelles FSA regulation with license number: SD115 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Axon Markets · Company summary
Axon MarketsReview Summary
Founded2022
Registered Country/RegionSeychelles
RegulationFSA (offshore)
Market InstrumentsForex, stocks, cryptos, spot metals, commodities, indices
Demo Account/
LeverageUp to 1:2000
SpreadFrom 1.5 pips (Standard account)
Trading PlatformMT5
Social Trading
Min Deposit10 USD/JPY
Customer SupportLive 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 RestrictionsThe 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.

Axon Markets' homepage

Pros and Cons

Pros Cons
Diverse tradable assetsOffshore regulation risks
Islamic accountsRegional 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 AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
The Seychelles Financial Services Authority (FSA)Offshore RegulatedSeychellesRetail Forex LicenseSD115
Offshore regulated by FSA

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
What Can I Trade on Axon Markets?

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 TypeMin DepositMax LeverageSpreadCommission
Standard50 USD/JPY1:500From 1.5 pips
Prime1,000 USD/JPYFrom 0.6 pips
Raw Spread500 USD/JPYFrom 0 pips$3 / lot
LeveragePlus10 USD/JPY1:2000From 1.8 pips
Account comparison

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 PlatformSupported Available Devices Suitable for
MT5PC, web, mobileExperienced traders
MT4/Beginners
MT5

Social Trading

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

Social Trading

Deposit and Withdrawal

Payment Options Min Deposit/ WithdrawalAccepted CurrenciesDeposit/Withdrawal Fees Deposit Time Withdrawal Time
Direct Bank Wire$10USDUp to 3 business daysUp to 3 business days
Credit Card (Visa/Master)USD, JPYInstantWithin 48 hours
Local Bank TransferMultiple local currencies
Skrill/NetellerUSD, JPY
Perfect Money/AstroPay
Tether/BitcoinMajor cryptos
Deposit and Withdrawal 1
Deposit and Withdrawal 2

User Reviews

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User comment

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Comments

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jgzhjCEO
more than one year
Account setup was quick and efficient, taking less than 24 hours. The gold spreads are narrow, with both standard and professional versions available. Opting for the professional option for trading gold, so far, has enhanced the success of my trades.
Account setup was quick and efficient, taking less than 24 hours. The gold spreads are narrow, with both standard and professional versions available. Opting for the professional option for trading gold, so far, has enhanced the success of my trades.
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2024-03-27 15:52
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冨山智子
more than one year
GEMFOREXの生まれ変わり。藤田がわざわざキプロスまで行ってライセンスを取得して来た。
GEMFOREXの生まれ変わり。藤田がわざわざキプロスまで行ってライセンスを取得して来た。
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2023-10-29 06:37
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