AxesPrime-Overview of Minimum Deposit, Leverage, Spreads

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

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.

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.

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

Deposits & Withdrawals

AxesPrime has a minimum deposit requirement of $250.

Deposit Options

Withdrawal Options