Introduction
When it comes to online trading, there are a lot of options out there. But not all of them are created equal. In this blog post, we’ll take a look at one particular option – AximTrade.com. We’ll explore the site’s features, regulations, platform, pros and cons, and traders’ ratings. So if you’re considering using AximTrade.com for your online trading needs, read on to learn more!
What is AximTrade?
AximTrade is an online CFD and Forex broker that offers its services to traders around the world. The company is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
AximTrade offers a wide range of financial instruments for trading, including Forex pairs, CFDs on commodities, indices, stocks, and cryptocurrencies. The broker provides its clients with the MetaTrader 4 and WebTrader platforms for trading.
AximTrade has a variety of account types that offer different conditions and benefits. The minimum deposit for a live account is $500. Leverage up to 1:500 is available for retail clients. Spreads start at 0.0 pips on the ECN account type.
The broker has won several awards, including the “Best Newcomer in Europe 2018” from the International Financial Commission (IFC) and the “Best Crypto Broker” from the Global Brands Magazine.
Regulatory Overview
The U.S. Commodity Futures Trading Commission (CFTC) regulates futures and options markets, including trading in foreign currency contracts on these markets by U.S. citizens.
The CFTC has designated the National Futures Association (NFA) as its self-regulatory organization for the futures industry. The NFA is responsible for enforcing CFTC regulations, as well as setting standards for membership, business conduct, and arbitration in the industry.
In order to trade on a registered futures exchange or through a member of a registered futures association like the NFA, customers must open an account with a broker that is a member of the exchange or association.
Not all forex brokers are subject to regulation by the CFTC or members of the NFA. Some brokers may be regulated by other agencies, such as the Securities Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA). These agencies have different rules and regulations regarding forex trading. For example, FINRA requires brokers dealing in forex to register with it as a Futures Commission Merchant (FCM).
Investors should always check to see what kind of regulation (if any) applies to their broker before opening an account.
The AximTrade Platform
The AximTrade Platform is a web-based platform that enables users to trade forex, CFDs, and commodities. The platform is available in three languages: English, Spanish, and Portuguese. The platform has a user-friendly interface and a variety of features that make it a popular choice for online traders.
Some of the features of the AximTrade Platform include:
-A demo account that allows users to test the platform before trading with real money.
-A variety of order types, including market orders, limit orders, and stop orders.
-Real-time quotes and charts for all major currency pairs.
-Analyses and news from top financial analysts.
Pros and Cons of AximTrade
When it comes to online trading, there are a lot of different options and platforms to choose from. One popular option is AximTrade.com. In this article, we will go over some of the pros and cons of using this particular platform.
Pros:
-One of the biggest advantages of using AximTrade is that they are a regulated broker. This means that they have to follow certain rules and regulations in order to operate. This provides a higher level of protection for traders, as compared to non-regulated brokers.
-Another pro is that they offer a variety of different platforms for traders to use. This includes both MetaTrader 4 and 5, as well as their own proprietary platform. This gives traders more flexibility when it comes to choosing a platform that best suits their needs.
-AximTrade also offers a wide range of assets for traders to choose from, including forex pairs, stocks, indices, commodities, and more. This provides traders with plenty of options when it comes to finding trades that fit their strategy.
Cons:
-One potential downside of using AximTrade is that they do not currently accept clients from the United States. This may change in the future, but for now, US-based traders will need to look elsewhere if they want to use this platform.
-Another thing to keep in mind is that AximTrade charges commissions on trades. While this is standard among most brokers, it
AximTrade Trader Ratings
When it comes to online trading, one of the most important factors to consider is the broker’s reputation. In this post, we will be discussing AximTrade.com and their trader ratings.
First, let’s take a look at some of the key features that make up this broker:
Regulations: AximTrade is a regulated broker by CySEC (Cyprus Securities & Exchange Commission).
Platforms: The broker offers 2 popular trading platforms – MetaTrader 4 (MT4) and WebTrader. Both platforms are available for desktop, web, and mobile devices.
Pros: Some of the main advantages of trading with AximTrade include tight spreads from 0.1 pips, leverage up to 1:500, and a wide range of tradable instruments including forex, commodities, indices, and cryptocurrencies.
Cons: One of the drawbacks of AximTrade is that they do not currently offer any bonus or promotion programs.
Conclusion
All things considered, AximTrade.com is a reliable and safe online trading platform. It has been around for a while now and has built up a good reputation amongst traders. The platform is easy to use and offers a variety of features, making it a great choice for both new and experienced traders.