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Table of Contents

Introduction

Brief history of the broker: Established as a global player, AximTrade has served over 100,000 active clients from around the world and has built its reputation on cutting-edge solutions and top-notch trading conditions.

Initial impressions: Despite its accolades and vast clientele, AximTrade holds a TU Overall Score of just 4.59 out of 10, indicating some concerns among its user base.

Licensing and Regulation

Regulatory bodies overseeing the broker: AximTrade is regulated by ASIC (AFS № 435746) and SVGFSA (328 LLC 2020).

Safety and protection measures for traders: Being regulated by renowned entities ensures a level of protection and trust for traders.

Trading Platforms

Overview of platforms available: AximTrade offers the widely-used MT4 trading platform.

Features, customization, and user interface: The MT4 platform is known for its advanced charting tools, indicators, and automated trading capabilities.

Mobile trading options: Information not provided.

Account Types

Overview of available account types: AximTrade presents several account options including cent, standard, ECN, and infinite.

Minimum deposits, leverage, spreads for each account type: Deposits range from $1 for cent and standard accounts, and $50 for ECN. Leverage can go up to 1:Infinite for specific accounts, and spreads begin from 0.0 pips for ECN accounts.

Tradable Assets

Variety of currency pairs available: AximTrade offers a range of currency pairs.

Other financial instruments offered: Additionally, traders can access indices, metals, energies, cryptocurrencies, and stocks.

Spreads & Fees

Average spread for major pairs: From 1 pip for cent and standard accounts.

Other associated fees: Specific commission fees are not detailed but are mentioned to be average for ECN accounts.

Deposit and Withdrawal

Available payment methods: AximTrade supports various electronic payment systems and cryptocurrency transactions.

Speed of processing and potential fees: Information not provided.

Minimum and maximum limits: From $1 or $50 depending on the account type.

Customer Support

AximTrade offers responsive customer support through live chat and email for timely assistance to traders.

Educational Resources

Availability of tutorials, webinars, eBooks, etc.: AximTrade provides an educational score of 7.01 out of 10, indicating the presence of educational tools.

Usefulness for both beginners and experienced traders: The exact content and depth of these resources are not specified.

Pros and Cons

  • Pros: Regulated broker, low entry threshold, tight spreads, high leverage, varied deposit and withdrawal methods, social trading platform availability, and free access to MT4.
  • Cons: Unavailability to traders from certain countries including the US, UK, and Canada, and the absence of a web terminal for clients.

Conclusion

AximTrade has steadily carved a niche for itself in the world of forex trading, particularly with its competitive trading conditions and an array of awards to its name. With regulation by recognized bodies like ASIC and SVGFSA, traders can trade with an added layer of confidence. Its association with the Alfa Romeo F1 Team ORLEN for 2022 further showcases its intent in being a major player in the industry. While every broker has its strengths and areas of improvement, AximTrade certainly seems to be a considerable option for both newcomers and seasoned traders alike. Always ensure to conduct personal research and due diligence before opening an account.

FAQs

Yes, AximTrade is regulated by ASIC and SVGFSA.

AximTrade offers the MT4 trading platform.

The minimum deposit is $1 for cent and standard accounts, and $50 for ECN accounts.

AximTrade provides a variety of assets including currency pairs, indices, metals, energies, cryptocurrencies, and stocks.

Yes, AximTrade offers leverage up to 1:Infinite depending on the account type.

No, AximTrade is not available to traders from the US, UK, and Canada.

AximTrade’s customer support has a score of 7.94 out of 10.

Spreads start from 1 pip for cent and standard accounts and 0.0 pips for ECN accounts.

Yes, with an education score of 7.01 out of 10, AximTrade offers some form of educational tools.

AximTrade offers features beneficial for both beginners and experienced traders. However, users should consider its pros & cons before deciding.

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