Score
Axion Trade
United Kingdom|5-10 years| https://axiontrade.net/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United StatesContact
Single Core
1G
40G
1M*ADSL
- The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
Basic information
United Kingdom
5-10 years Regulated in Seychelles Regulated in Cambodia Retail Forex License Common Financial Service License MT4 Full License Regional Brokers Australia Appointed Representative(AR) Revoked Suspicious Overrun High potential risk Offshore RegulatedAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
axiontrade.org
Server Location
United States
Website Domain Name
axiontrade.org
Server IP
13.35.121.89
-
axiontrade.net
Server Location
United States
Website Domain Name
axiontrade.net
Server IP
192.185.52.229
Company Summary
| Axion Trade Review Summary | |
| Founded | 2015 |
| Registered Country/Region | United Kingdom |
| Regulation | SERC (Exceeded)FSA (Offshore Regulated)ASIC (Revoked) |
| Market Instruments | ForexIndicesStocksCommodities |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 （Nano） |
| Spread | From 0.0 pips |
| Trading Platform | MT4 |
| Min Deposit | $10（Nano） |
| Customer Support | Phone：+2484379846 |
| 24/7 service | |
| Physical Address: Office No. A19.B at the building located in plot No. V16950/v16051 in Providence, Mahé, Seychelles | |
| Email:support@axiontrade.net | |
| Social Media: Facebook, Instagram | |
Axion Trade Information
Axion Trade was officially established in 2015 and registered in United Kingdom. Currently, it is a broker regulated by the SERC (Exceeded), FSA (Offshore Regulated), and ASIC (Revoked).
Axion Trade offers four asset classes, including stocks, forex, indices, and commodities.
It also supports the use of the demo account, MT4 platforms, and Axion Mirror.
Pros and Cons
| Pros | Cons |
| Availability of Islamic account | MT5 is not supported |
| Support MT4 | Revoked and exceeded license |
| Available demo accounts | Inactivity fees may be charged |
| 24/7 service | |
| Spread from 0 pip | |
| Negative Balance Protection |
Is Axion Trade Legit?
Australia ASIC (license number: 001293799) The regulatory status is abnormal, the official regulatory status is Revoked.
This broker exceeds the business scope regulated by Cambodia SERC(license number: 037)SECC Common Financial License Non-Forex License.
The Seychelles FSA regulation with license number: SD175 is an offshore regulation.
| Regulator | Regulatory Status | Licence Type | Licence Number |
| The Seychelles Financial Services Authority (FSA) | Offshore Regulated | Retail Forex License | SD175 |
| Australia Securities & Investment Commission(ASIC) | Revoked | Appointed Representative(AR) | 1293799 |
| Securities and Exchange Regulator of Cambodia(SERC) | Exceeded | Common Financial Service License | 037 |
What Can I Trade on Axion Trade?
Get access to,100+ different markets with over 1000+ market instruments when you trade with Axion Trade.
Axion Trade offers four asset classes, including forex, indices, commodities, and stocks.
- Forex: Forex, or the Foreign Exchange market, is one of the largest financial markets globally, involving the exchange and trading of different national currencies.
Indicators: Indicators serve as measurement or guidance tools in various fields, such as economic indicators assessing economic health and technical indicators analyzing stock trends.
- Commodities: Commodities generally refer to raw materials used in industrial production, including oil, natural gas, metals, and agricultural products.
Stocks: A company limited by shares distributes its ownership by means of such securities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| ETF | ❌ |
Account Types
Axion Trade offers various types of trading accounts. These account types include:
1.Raw Account (ECN):
Raw Account (ECN) offers traders low commissions and low spreads. It offers leverage up to 1:500 and it offers Raw/ECN spreads. The minimum deposit required to open an account is $100.
2.Pro Account (ECN):
To qualify for this account type, a minimum deposit of $100,000 is required. Leverage is offered up to 1:100 and slippage insurance is provided. It offers raw/ECN spreads.
3.Institutional Accounts:
To qualify, a minimum deposit of $1,000,000 is required. Leverage is up to 1:100 and this account type offers raw/ECN spreads.
4.Standard Account:
The Standard Account is designed for traders who prefer commission-free trading. It offers leverage up to 1:500 and variable spreads. Commission-free trading is available on Forex and Commodity instruments with a minimum deposit requirement of $100. Slippage insurance is available.
5.Islamic Accounts:
The Islamic Account offers commission-free and swap-free trading on Forex and Gold instruments. Account leverage is up to 1:500 with variable spreads. The minimum deposit required to open an Islamic account is $100 and there is no slippage insurance.
6.Nano accounts:
A nano account, or a ‘cent’ account, offers lower minimum capital requirements. It allows trading in nano lots, i.e. 1/100th of a standard lot, with leverage up to 1:1000 on Forex and commodities with variable spreads. The minimum deposit required to open a nano account is $1 is available.
7.Fixed Spread account:
Fixed Spread consists of three types of accounts: X300 Account, Elite Account, and VIP Account. All three types of accounts have a leverage of 1:500.
Only institutional accounts do not offer negative balance protection, the rest do.
| Leverage | Commission | Pips for EUR/USD | pips for Gold. | Minimum Deposit | Slippage Insurance | Negative Balance Protection | ||
| ECN Account | Raw Account (ECN) | Up to 1:500 | Yes | 0 | 0.2 | $100 | Guaranteed Price Requote | Yes |
| Pro Account (ECN) | Up to 1:100 | Yes | 0 | 0.2 | $100,000 | Guaranteed Stop Loss Order | Yes | |
| Institutional Account | Up to 1:100 | Yes | 0 | 0.2 | $1,000,000 | Guaranteed Stop Loss Order | No | |
| Classic | Standard Account | Up to 1:500 | No | 1.9 | 2.2 | $100 | Guaranteed Price Requote | Yes |
| Islamic Account | Up to 1:500 | No | 1.9 | 2.2 | $100 | No | Yes | |
| Nano Account | Up to 1:1000 | No | 1.9 | 2.2 | $10 | No | Yes | |
| Fixed Spread | X300 Account | Up to 1:500 | No | 3.1 | 3.5 | $100 | No | Yes |
| Elite Account | Up to 1:500 | No | 2.1 | 2.5 | $1,000 | No | Yes | |
| VIP Account | Up to 1:500 | No | 1.1 | 1.5 | $10,000 | No | Yes |
Axion Trade offers demo accounts and Islamic Accounts.
To open an account, there are three steps: 1. contact information, 2. profile information, 3. Verify Profile Information.
The first step involves filling out personal information on this page, including name, country and preferred language, email, and phone number.
Then press the Next-Step to complete the account creation process.
Axion Trade Fees
Axion Trade offers variable and raw spreads for trading, the details of comparisons are as below:
| Variable Spreads | ECN Spreads | |
| Straight Through Processing (STP) | Tier One Liquidty Providers | Electronic Communication Network (ECN) |
| Pricing | Variable Spread | Raw ECN spread direct from the market, as low as 0.0 pips for EUR/USD |
| Commission | No Commission Charged | Flat fee as low as $0.50 USD per lot commission for Forex instruments |
| Brokerage Fee | Fees are included in the spread | No additional markups on the spread |
| Advantage | No additional fees are charged | Access to raw spreads direct from the market |
Certainly, the spreads and commissions for these nine types of accounts vary. The spread table for EUR/USD is as follows:
| Commission | Pips for EUR/USD | |
| Raw Account (ECN) | Yes | 0 |
| Pro Account (ECN) | Yes | 0 |
| Institutional Account | Yes | 0 |
| Standard Account | No | 1.9 |
| Islamic Account | No | 1.9 |
| Nano Account | No | 1.9 |
| X300 Account | No | 3.1 |
| Elite Account | No | 2.1 |
| VIP Account | No | 1.1 |
When trading stocks, Axion Trade offers commissions as low as 0.10% on the value of the trade.
Trading Platform
Axion Trade offers traders the MetaTrader 4 platform.
Axion Trade also offers Axion Mirror. The ability to earn passive income by copying the trades of expert traders around the world.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Mac, IOS, Android, PC | Professional traders |
| MT5 | ❌ | / |
Deposit & Withdrawal
The minimum deposit of Nano account is $10. However, information about deposit and withdrawal methods is not disclosed on the official website.
Keywords
- 5-10 years
- Regulated in Seychelles
- Regulated in Cambodia
- Retail Forex License
- Common Financial Service License
- MT4 Full License
- Regional Brokers
- Australia Appointed Representative(AR) Revoked
- Suspicious Overrun
- High potential risk
- Offshore Regulated
Review 22
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antifragileme
Singapore
Thousands of dollars stolen by the broker as withdrawal was not processed. Upon multiple emails to the entity (no phone number provided), there has been ZERO replies. All attempts to contact via email and facebook direct messages have been ignored. This broker is not actually regulated and does not have apparent controls in place to manage customer funds. It is likely that they have lost all customer funds and gone silent on withdrawals.All proven with attached images:1) Multiple emails sent ignored by broker2) Detail of withdrawal transaction (18 Dec 2023) still pending as of today (27 Jan 2024)
Exposure
01-27
小偉
Taiwan
I applied for an Axiontrade trading account on 2023/03/29 and deposited 130 USD through USDT-TRC20 (as shown in the picture), and withdrew 129.58 USD through USDT-TRC20 on 2023/03/30 (as shown in the picture), and Axiontrade has not processed it for a long time Withdrawing funds, I wrote to the customer service mailbox and there was no reply (as shown in the attached picture), and on 2023/04/02, I found that the client directly displayed an invalid user when logging in in the background (as shown in the attached picture), and there was no response when I clicked the forgotten password
Exposure
2023-04-07
TVB63
Hong Kong
Induced deposit fraud and malicious liquidation. Teng Kah Weng 911125145447 no 7,taman kok doh jalan segambut 51200 kalau lumpur Kuala Lumpur. This is the man
Exposure
2022-02-07
FX4969462802
Hong Kong
The platform refuses to withdraw and the customer service never replies the message, and causing dealer to maliciously liquidate the postion at the end
Exposure
2022-01-20
FX2980322187
Hong Kong
Ib Tang bind with mam and does not allow to unbind and maliciously liquidate the position. Lose $8465 and induce customer to deposit.
Exposure
2022-01-20
hailun
Hong Kong
Axiontrade cooperates with the broker Malaysian, Tang, to induce customer to deposit and maliciously liquidate the postion, and scam their principle, and causes heavy loss to the customer. Everyone must be awere about this fraud Axiontrade platform and do not participate.
Exposure
2022-01-20
FX4969462802
Hong Kong
Stcuking client's funds that are not allowed to be withdrawn, but only deposited. Then this person colludes with the platform and finally liquidate the position and takes profits from customer losses.
Exposure
2022-01-19
TVB63
Hong Kong
Transfer the funds from the commission account to the trading account without permission. Do not unbind the mam to withdraw for the customer and do not review. The ib personnel operate the account and maliciously liquidate the position. The picture is ib. I will reward a lot for the clues
Exposure
2022-01-19
随风11793
Hong Kong
Fraud and maliciously liquidate the position. This company maliciously liquidate over 2.6 million dollars.
Exposure
2022-01-19
TVB63
Hong Kong
Induce customers to deposit funds, do not unbind mam, maliciously liquidate positions
Exposure
2022-01-19
赵远峰
Hong Kong
It does not allow to withdraw since Jan. 2 till now. All the accounts were wiped out on 18th. I hope that the customer service can address it for me.
Exposure
2022-01-19
赵远峰
Hong Kong
The platform does not allow to withdraw since Jan. 2. Yesterday, all positions were liquidated. This platform is a scam.
Exposure
2022-01-19
最强战神
Hong Kong
The platform and traders do not approve the withdrawal until the traders deliberately liquidate the account. Complain to the platform and traders, and demand compensation for losses.
Exposure
2022-01-19
TVB63
Hong Kong
The account send email to platform to unbind for withdrawal on Jan. 14, but the customer service refused to do so by various reason which caused the maliciously wipe out
Exposure
2022-01-19
TVB63
Hong Kong
Axiontrade cooperated with this person to defraud in the form of mam, and asked the customer service to unbind mam to withdraw money on the way, refused by various reasons, and maliciously exploded all the customer's funds in the early morning tonight! A total of over $1 million was lost.
Exposure
2022-01-19
FX2707117288
Hong Kong
I haven’t profited for over two months. And there is no staff explaining. We may lose all the money invested. It’s a fraud company
Exposure
2021-04-15
FX1213952357
Vietnam
Cheat investors
Exposure
2021-04-11
Manber
Belarus
AvaTrade has a diverse range of market instruments and flexible trading platforms, plus solid regulation.But some users report platform issues, and there are concerns about unregulated entities and unverified proprietary platforms.
Neutral
07-23
石振
United States
I've experienced a problem like deposit issues and connectivity since day one. Also, their spread & commission is high compared to other brokers. Do yourself a favour, walk away and find yourself a better broker.
Neutral
2022-12-16
Streaming
Taiwan
HAPPY TRADING! They offer a huge range of markets and withdrawals are quick and easy. Great and recommend for all.
Positive
06-04