The condition of Aximtrade's Swap Point (interest payment)
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Swap calculation on AximTrade MT4
AximTrade provides swap free accounts for certain regions.
Swap free accounts have no losses due to daily deposit/withdrawal/swap operations.
Swap free accounts can save customers from additional gains and losses.
If you register in these regions, you will automatically get a free swap account.
However, in order to prevent customers from abusing swap free accounts, AximTrade reserves the right to restore the original status of the membership area of all customer trading accounts and charge for swap operations.
Circumstances of abuse of free swap accounts include but are not limited to: the client’s trading account’s large position in the transaction undergoes a swap operation, which is calculated based on the “swap free” status and suffers a loss, and AximTrade does not draw fees from it.
Regarding the extension of swaps, AximTrade can be used as a debit or credit of the client’s account, controlling the extension interest rate of all open positions at the bank’s usual cut-off time of 22:00 (Greenwich Mean Time).
For most brokers, 22:00 (Greenwich Mean Time) is the moment of handover between trading days.
At 22:00 (Greenwich Mean Time), the open positions are in postponement, and their open positions last all night.
The position opened from 22:01 to the next day is not in postponement, but if you open a position at 21:59, the position will be postponed at 22:00 (Greenwich Mean Time).
When you open a position at 22:00, your account will have borrowing and lending activities within one hour.
Although the market is closed on Saturday and Sunday, the bank still calculates the interest on the positions opened on these two days.
In order to balance the time difference between Saturday and Sunday, Aximtrade adopted a three-day deferred interest from Wednesday.
Open AximTrade’s Trading Account
Trading Hours on Aximtrade MT4
For day traders, the most efficient trading time is the London market starts at 08:00 GMT and the US market ends at 22:00 GMT.
The peak trading time is the overlap of the US and London markets at 1 pm GMT – 4 pm GMT.
The main trading markets of the day are London, the United States and Asian markets.
The focus of traders is the London market, the US market and the Asian market.
The market opening and closing time changes back and forth between summer and winter. Many countries also adopt or change DST to determine the time at the same time.
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.
| Account Type | Standard | Cent | ECN | Infinite |
|---|---|---|---|---|
| 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 |
| Maximum Leverage | 1:3000 | 1:2000 | 1:1000 | Unlimited |
| 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 |
| Trading Bonus | Available | Available | Available | Unavailable |
| Deposit Bonus | Available | Unavailable | Unavailable | Unavailable |
| Hedging Positions | Allowed | Allowed | Allowed | Allowed |
| 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.
