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Independent rating of Forex broker Axe Capital

0/10 (votes 100)

On-line since
2019
Country of origin
Saint Lucia
Regulation
-
Payment options
credit and debit cards, wire transfer, Skrill or Neteller
Minimum account size
$250
Minimum lot size
-
Leverage
-
Spreads
-

About company. Security of funds

Axe Capital positions itself as a fast-growing company offering its clients an opportunity to trade a variety of different stocks, currency pairs, commodities as well as CFDs on indices.

According to Whois, the axecapital.systems domain owned by Axe Solution Ltd was created in 2019. This means that the company is relatively young.

On the official website, the broker has indicated the address of its office which is located in Saint Lucia, the West Indian island.

The important fact characterizing a brokerage company is the regulation by a reputable financial watchdog. However, this company does not appear to be regulated. The broker's official website does not include any documents confirming the legality of the services provided.

Trading conditions

Axe Capital claims that it has developed optimal investment solutions for clients. This is about portfolio investment that implies investing in a combination of various assets from several industries. The company's investment solutions are available to clients in a number of variants: Pamm, Season, Sprint, Intellectual, and Pro Invest. Each of them requires its own minimum amount of participation - from $250 (Pamm) to $500,000 (Pro Invest). The differences lie in access to participation (available once a quarter or always), terms of participation, the liquidity of assets, commodities, and other trading instruments, as well as the ability to withdraw funds in the process and, most importantly, the final income level. All detailed information about the broker's investment solutions is presented in a table on the company’s official website.

Axe Capital clients can choose one of the following trading account types: Start, Silver, Gold, Diamond, and Exclusive.

The Start account is perfect for beginners who can benefit from daily market reviews and educational materials. The minimum deposit it requires is only $250. Clients have access to 1 session per week and a personal assistant. Traders can also use the Pamm investment solution. The savings system of deposits for those who choose the Start account enables users to add 3% to the amount for 90 days.

The Silver account holders are required to deposit at least $5,000. This type of account offers more opportunities for traders. They have access to 2 sessions per week and a personal assistant. The company’s support service is available 24/5. Besides, clients can take advantage of the Pamm and Season investment solutions. The savings system of deposits implies an increase of 4% to the deposit amount for 90 days. What is more, this trading account enables traders to use advisors. Newcomers to the market or inexperienced users can also use the Silver account. Unlike the previous one, this account type includes webinars, personal review of trading platforms as well as personal analysis of a simple strategy (2 sessions with the theory and practice).

Gold is a premium trading account that requires a minimum deposit of $20,000. It offers an increased number of sessions with personal support, 3 ones per week. The customer service is available 24 hours 5 days a week. Traders have access to such investment solutions as Pamm, Season, and Sprint. The savings system of deposits suggests 20% of the amount per year. Unlike the two previous accounts, Gold holders can be compensated for payment processing fees. Furthermore, clients can benefit from advisors, review of trading platforms, as many as 4 webinars, and much more.

The Diamond account requires a deposit of at least $100,000. This type of account offers a fairly wide range of services: 5 sessions per week with personal support, company managers available 24/7, access to such investment solutions as Pamm, Season, Sprint, and Intellectual. The savings system of deposits enables traders to gain 26% of the deposit amount for 90 days. In addition, customers can get compensation for fees charged by payment systems. Diamond holders can use debit cards, trading signals, advisors, a wide range of different training materials as well as analysis from Trading Central.

To open an Exclusive trading account, a client is required to deposit at least $500,000. It offers 7 sessions per week with a personal assistant, the support service available 24/7, and Axe Club membership. Traders have access to all 5 investment solutions - Pamm, Season, Sprint, Intellectual, and Pro Invest. The savings system of deposits implies 32% of the deposit amount per year or 7% in 90 days, compensation for fees charged by payment systems, a personal debit card, and collection at an address. This premium account gives its holders the opportunity to use signals, advisors, analysis from Trading Central, and ECN. In addition, it grants access to all webinars, an unlimited number of sessions as well as analysis of both simple and advanced strategies.

The broker offers clients to trade through its own trading platform.

Axe Capital trading accounts can be topped up using credit and debit cards, wire transfer, Skrill or Neteller. In order to withdraw funds, a client needs to log into his/her trading account, click on the Trade button in the upper right corner of the window, and then click on the Withdraw link, choosing the amount required for withdrawal. Once the withdrawal request is approved, the requested amount will be transferred through the same payment method the initial deposit was made. Then a client will receive a confirmation email.

Axe Capital Systems Platinum and Black account members are granted their first withdrawal free of charge. As for the rest of the clients, the withdrawal amount will be subject to a service fee of 3.5%.

Support service

Traders can contact company representatives by email which is presented on the website. No other methods of communication with the broker’s managers are indicated.

Feedback from traders

There are quite a lot of positive reviews, but they might be fake. The number of negative comments is much higher, so it is worth studying them carefully before opening an account with this broker. Most traders complain about problems with fund withdrawals, frozen trading accounts, and an inability to contact company representatives.

Advantages and disadvantages

The main drawbacks are the lack of regulation and the suspiciously young domain age, namely a year and a half. Besides, there are numerous negative comments about the company’s activities. Among the advantages, of particular note are round-the-clock technical support, training materials, free trading signals, and analytical reviews.

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