AximTrade does not provide services for the residents of certain countries, such as the Canada, Ethiopia, European Union, Gibraltar, Iran, Israel, New Zealand, North Korea, Palestine, Philippines, Syria, United Kingdom, United States of America, Yemen and Singapore.
How to start trading with AximTrade
Simple and easy-to-use application of AximTrade.
Registering an account is very simple. In just a few simple steps, customers can start trading.
- Create your profile
Just use your personal email address and mobile phone number to create a profile, and use 2FA security to access the member area.
- Choose account type
View and select the account type and parameters that are most beneficial to you.
- Start trading
Download MT4, create an initial deposit account, the minimum deposit amount is $1. If you encounter any problems and need help, please contact AximTrade’s 7×24 online customer service.
Comparison of Account Types of AximTrade
In AximTrade, the MT4 platform supports currency trading, stock index CFDs, and gold and oil CFD trading, but does not provide stock CFD trading.
As shown in the table below, standard accounts, cent accounts, ECN accounts, and Infinite accounts can access the MT4 platform.
|Base Currency||USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR||USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR||USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR||USD, EUR, GBP, JPY, CHF, AUD, NZD, CAD|
|Contract size||100,000 = lot||1,000 = lot||100,000 = lot||100,000 = lot|
|Negative Balance Protection (NBP)||Supported||Supported||Supported||Supported|
|Minimum Spread||1.0 pip||1.0 pip||0.0 pips||3.0 pips|
|Trading Commission||None||None||$3 per lot||None|
|Maximum open/pending orders per client||200 Positions||200 Positions||200 Positions||50 Positions|
|Minimum Trading Lot||0.01 lots||0.01 lots||0.01 lots||0.01 lots|
|Maximum Trading Lot||50 lots||150 lots||50 lots||25 lots|
|Required Minimum Deposit||$1||$1||$50||$1|
|Margin Call %||60%||60%||60%||60%|
|Stop Out %||30%||30%||30%||0%|
|Account Opening Pages||Open AximTrade Standard Account||Open AximTrade Cent Account||Open AximTrade ECN Account||Open AximTrade Infinite Account|
Any AximTrade user can hold up to 15 active trading accounts.
Each active member area is allowed to open up to 7 standard accounts, 2 cent accounts, 5 ECN accounts and 1 Infinite account.
Deposits, withdrawals and other functions related to trading accounts can all be operated in the AximTrade member area.
Condition of fund deposit to AximTrade
The standard account and bonus account of electronic funds require a minimum deposit of 1 USD, including direct bank transfer and Neteller (online payment system). For more detailed information about account types, please visit this page << Account Type Link Page >>
When depositing to a trading account, please log in to the member area first, click Deposit in the menu, and then select your preferred payment option. Follow the instructions listed and proceed with the necessary steps and details.
Note: No third-party deposits are allowed. You can only use the account with the same name as the trading account you registered for payment.
Condition of fund withdrawal from AximTrade
Only customers who upload supporting documents and verify their trading accounts can withdraw funds. Customers can log in to their member area to upload supporting documents (identity proof and address proof), and after verification, they can withdraw funds from their trading account.
When withdrawing money from a trading account, please log in to the member area first, click Withdrawal in the menu, then select the corresponding preferred payment option, and enter the withdrawal amount. Follow the instructions listed and proceed with the necessary steps and details. The requested amount will be automatically deducted from your trading account.
According to the risk management procedures, AximTrade will only process withdrawals/refunds to the original deposit source according to the following statement:
- Credit/debit card withdrawals. Submit a withdrawal request, no matter which withdrawal method is selected, it will be processed through this channel until the total amount of withdrawal by this method is reached.
- E-wallet withdrawals. After all credit/debit card deposits are fully paid, the e-wallet refund/withdrawal will be processed.
- Other methods. If the deposits in the above three methods are completely used up, other methods such as bank wire transfer should be used.
All withdrawal requests will be completed within 24 working hours; however, all submitted withdrawal requests will be immediately reflected in the customer’s trading account as pending withdrawals. If the customer chooses an incorrect withdrawal method, the customer request will be processed according to the above procedures. All customer withdrawal requests should be processed in the currency that the deposit was originally used in. If the deposit currency is different from the transfer currency, the transfer amount will be converted to the transfer currency by AximTrade according to the current exchange rate.
What is foreign exchange trading on AximTrade MT4?
Foreign exchange trading, also commonly referred to as the foreign exchange market (or currency market), is a global decentralized market and over-the-counter market for currency transactions. This market determines the foreign exchange rate of each currency. The market covers all aspects of the business of buying, selling and exchanging currencies at current prices and fixed prices. In terms of transaction volume, this is the largest market in the world.
Through AximTrade’s online platform, customers can visit the foreign exchange market, understand the real-time pricing in the market, and get many buying and selling quotations in multiple currencies. Customers can freely decide the price at which they buy or sell, and can trade at any time before the market closes. Customers can manage their transactions efficiently as they wish.
About Online foreign exchange transactions
Retail foreign exchange transactions are a small segment of the larger foreign exchange market, in which individuals observe the exchange rates of different currencies. The emergence of dedicated electronic trading platforms and networks allows individuals to access global currency markets, and foreign exchange retail trade has also developed. In 2016, according to the report, retail foreign exchange transactions accounted for 5.5% of the total foreign exchange market transactions (a daily total of US$282 billion).
The foreign exchange trading platform was developed in the late 1990s. Prior to this, foreign exchange trading has been restricted to the hands of large financial institutions. With the development of the Internet, trading software, and foreign exchange brokers who have been granted operating margin rights, the prelude to the growth of foreign exchange retail transactions has since been unveiled. Today, traders can use spot currencies for margin trading with market makers. In other words, they only need to pay a small percentage of the transaction size to buy and sell currency within seconds.
Regulation and safety of AximTrade’s service
In accordance with the relevant laws of the British Virgin Islands, BVIFSC is responsible for supervising all financial service activities in the British Virgin Islands and its territories to ensure that they comply with relevant international standards and ensure the smooth progress of commercial activities. The scope of BVIFSC’s supervision includes: banking and trust, investment, bankruptcy services, insurance, company management, company registration and intellectual property. BVIFSC is also responsible for promoting the development of accountability, transparency and good management. The company is supervised by the Financial Conduct Authority of the United Kingdom:
- Protect the interests of the general public and market participants.
- Ensure that the industry meets the highest international regulatory standards and ensure the smooth progress of business activities.
- Ensure that the British Virgin Islands play a role in combating cross-border white-collar crime and protect the privacy and confidentiality of legitimate business transactions.
What is a foreign exchange trading account?
Foreign exchange trading accounts are similar to bank card accounts. The difference between the two is that foreign exchange trading accounts are mainly used for currency transactions.
AximTrade’s foreign exchange trading accounts are divided into standard accounts, cent accounts, ECN accounts and Infinite accounts. The format is shown in the table above.
Please note that foreign exchange (or currency) transactions are available on all AximTrade platforms.
All in all, your foreign exchange trading account includes
- Access to the AximTrade member area
- The path to access the corresponding platform
Foreign exchange trading account registration is similar to bank card account registration. When registering a foreign exchange trading account on the AximTrade platform for the first time, the platform directly requires “customer identity verification”. After the verification is passed, the platform can ensure that the personal information you submit is true and correct, and can ensure the safety of your funds and account information.
After opening a foreign exchange account, login details will be automatically sent to your email, and you can access the AximTrade member area through this email.
In the AximTrade member area, you can manage account functions, such as depositing and withdrawing funds, viewing and receiving customized promotional offers, viewing your loyalty, viewing open positions, modifying leverage, contacting customer service, and accessing the services provided by AximTrade Trading tools.
The functionality of all the facilities AximTrade needs to provide in the customer member area is also constantly enhanced, so customers have more and more free space, and customers can freely modify and add accounts within a specific time without the help of a personal account manager.
The login details of your trading account will correspond to your login operations on the trading platform. The trading platform matches your account type and is the ultimate place for you to trade. Any deposit/withdrawal and modification of your settings in the AximTrade member area will be reflected on the corresponding trading platform.