Axes Review 2022
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| Axes offers multi-asset trading through the MT5 platform and mobile app. | ||
Axes is a multiple award-winning broker that offers traders Forex, CFDs, indices, shares, commodities, futures. Interestingly, Axes supports the MetaTrader5 trading platform, but not the hugely popular MetaTrader4 predecessor at this point.
In terms of features offered to traders, Axes has Demo Accounts and Auto Trading but is missing Islamic Accounts, Social Trading and Signals.
Axes also gives traders access to 2 cryptocurrencies: BTC and LTC.
Careful traders will be pleased to know that Axes is licensed to provide trading services by multiple regulatory bodies, 2 in fact. Note, however, that the FCA here in the UK is not among them. Prudent traders might want the extra safety of going with an FCA-regulated broker.
Axes Summary
Axes offers multi-asset trading through the MT5 platform and mobile app.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities, futures |
| Demo Account | ✓ |
| Min. Deposit | $100 |
| Min. Trade | 0.01 lots |
| Regulated By | FSA, IFMRRC |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✓ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
CFD Trading
Trade CFDs with leverage in multiple markets.
| Leverage | 1:500 |
|---|---|
| FTSE Spread | 1 |
| GBPUSD Spread | 1.6 |
| Oil Spread | 0.04 |
| Stocks Spread | Variable |
Forex Trading
Trade over 70 forex pairs with low spreads.
| GBPUSD Spread | 1.6 |
|---|---|
| EURUSD Spread | 0.8 |
| EURGBP Spread | 1.5 |
| Assets | 70+ |
Cryptocurrency Trading
Trade Bitcoin & Litecoin against the US Dollar.
| Spread | Floating |
|---|---|
| Coins | BTC, LTC |
Payment Methods
Axes accepts the following payment methods:
- Neteller
- PayPal
- Skrill
- Visa
Awards
Axes is a multiple award-winning broker, with 6 awards received so far.
- Best Forex Broker 2020 - Online Personal Wealth Awards
- Best Forex Broker of the Year 2019 - World Finance Magazine
- Best European Value Broker 2019 - Global Forex Awards
- Best Broker 2018 - Financial Times And Investors Chronicles Awards
- Best FX Service Provider 2018 - City Of London Wealth Management Awards
- Best Forex Trading Experience 2018 - UK Forex Awards
FAQ
Is Axes Safe?
Yes, most likely, as we gave Axes a trust score of 60% in our review. The main negative factor in this score is that Axes is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does Axes Accept PayPal?
Yes, Axes does accept PayPal payments.
Is Axes Halal?
Probably not, as Axes does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
What trading platforms does Axes support?
Axes only supports the MetaTrader 5 trading platform at this time.
Is Axes Regulated in the UK?
No, Axes is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options
Is Axes Regulated?
Yes, Axes is regulated by 2 different regulators: FSA and IFMRRC.
The fact that Axes is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.
Axes vs Other Brokers
If you want to compare Axes with other brokers, use the detailed comparisons below.
- Axes vs Fusion Markets
- Axes vs TeleTrade
- CIX Markets vs Axes
- Colmex Pro vs Axes
- Forex4you vs Axes
- ForexTB vs Axes
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| Axes offers multi-asset trading through the MT5 platform and mobile app. | ||