AxesPrime-Overview of Minimum Deposit, Leverage, Spreads

AxesPrime | 2024-12-19 18:30

Абстракт：AxesPrime is allegedly an unregulated and blacklisted brokerage company registered in Cameroon that provides its clients with the industry-standard MetaTrader5 trading platform, leverage up to 1:500 and floating spreads, as well as a choice of five different account types.

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