On this page, we will review one of the brokers in Singapore, aximtrade.
Stay with us for more information about Axim Trade.
| Broker name | aximtrade |
| Established year | 2012 |
| Spread rate | Down |
| Central office | Singapore |
| Regulation | ASIC, NFA |
| Minimum deposit | $1 |
| The easiest way to deposit and withdraw | Using Tether |
Cent Account
Copy Trading
Spread Reduction Trick
Islamic Account
Permission To Trade Scalping
Axim Trade is an active broker where traders can trade many symbols such as currency pairs, digital currencies, etc., by opening an account.You should note that Oxytrade services are unavailable for residents of some countries such as Canada, America, the European Union, Israel, the United Kingdom, etc.
Because Oximtrade broker is regulated and has a history of more than ten years, we can trust this broker to a great extent in terms of security and credit.
Fortunately, axim broker has two regulations, ASIC and NFA; having a code for brokers or exchanges confirms the quality of providing their services to traders and users because regulators are organizations that monitor brokers’ activities or discussions.
For this reason, when opening an account in a broker or exchange, it is better to check the relevant broker or business in terms of whether or not it is regulated and try to avoid investing your funds in unregulated brokers except in some cases.
According to the discussions we had with the support of aximtrade broker, the head office of this broker is located in Singapore.
For most traders looking for a good and efficient broker, first of all, examine the history of that broker because having a history of more than ten years for brokers means more security and stability of the broker mode. It is an opinion.
| Profile / account name | Infinite Account | Ecn Account | Cent Account | Standard Account |
|---|---|---|---|---|
| Minimum deposit for opening | $1 | $50 | $1 | $1 |
| Maximum leverage | unlimited | 1:1000 | 1:2000 | 1:3000 |
| Spreads | About three pips | About zero | About a pip | About a pip |
| Ability to trade currency pairs | Yes | Yes | Yes | Yes |
| Ability to trade stocks and indices | Yes | Yes | Yes | Yes |
| Possibility of digital currency trading | Yes | Yes | Yes | Yes |
| Commission | does not have | 3 dollars | does not have | does not have |
| Permission to use Expert | Yes | Yes | Yes | Yes |
| Scalp permission | Yes | Yes | Yes | Yes |
Aximtrade broker offers traders four types of trading accounts, which differ in some features; we will examine them in detail below.
The minimum deposit amount to open a standard account in axim trade broker is one dollar, this account has no commission, and its spread is one pip, and users can use the maximum leverage of one to three thousand in this account.
To open a cent in the Axim Trade broker, you only need to deposit one dollar; the spread of this account is one pip, and the broker does not receive any commission from traders for their transactions; traders can use the maximum leverage of one to two thousand in this account.
The minimum deposit to open an ECN account in the Axim Trade broker is fifty dollars; the spread of this account is less compared to other versions. It is zero pip, but the broker receives a three-dollar commission from traders for each transaction. The maximum leverage that can be used in this account is one to one thousand.
The unlimited account is opened in the Axim Trade broker with a minimum deposit of one dollar, the spread of this account is more than other accounts and is around three pips, but there is no commission; the maximum leverage of this account is also unlimited.
The amount of the spread of the Oxym Trade broker depends on the type of trading account that the traders use; in some reports, the amount of the space is so tiny that it is considered zero, and the maximum amount of space in this broker is also three pips.
Axim Trade broker offers all accounts without swap to customers of some countries such as the UAE, but this broker does not have an Islamic account.
All aximtrade broker accounts can be opened with a one-dollar deposit, and only the ECN account of this broker requires a fifty-dollar deposit to open.
Unfortunately, aximtrade broker has not activated the possibility of real deposit and withdrawal for Iranian traders, and it seems that the easiest way for Iranians to deposit and withdraw funds is to use Tether; other deposit and withdrawal methods in this broker include Skrill, Visa And… which can be used for customers from other countries.
Aximtrade broker has enabled the possibility of using incentives or bonuses only for some countries such as Iran, Russia, Ukraine, etc., and the prizes of this broker are not awarded to traders of all nations.
Documents required for identity verification in aximtrade broker include documents such as ID card, passport, certificate, etc.
You must be careful that the photo of your submitted documents and the date of birth and expiration date must be conspicuous and legible.
Tradable assets in aximtrade broker include digital currencies, currency pairs in the forex market, precious metals, etc.
The only trading platform supported by Oxytrade broker is MetaTrader 4, a global and trendy venue for traders; you can click on the links below to download this platform.
If you do not have enough time for the necessary training in the financial markets or if you have very high trading skills, in both cases, you can increase your dollar income by using the copy trading system. This system is to be used consciously. Fortunately, Axim Trade broker has also enabled users to utilize the copy trading system.
You can contact us for more information about copy trading through the communication channels of the site.
The most crucial question of traders in connection with exchanges or brokers is, is the broker considered a fraud? In response to this question, we have not received any malicious reports from aximtrade broker.
