Axes Group developed its proprietary platform called Axes. It debuted in the market in 2018, and presently offers financial services for retail and institutional traders from across the world. This broker mainly operates from Ukraine, and has corresponding satellite offices in the United Kingdom and the United States.
To date, Axes stands as one of the few brokers with complete transparency and safety procedures for its trading transactions. It also gained popularity for its selection of assets including foreign exchange, indices, futures, metals, shares, and energies. Its market visibility is partly owed to other revolutionary features such as its Straight-Through-Processing structure, numerous liquidity providers, intensive level of liquidity, expansionary measures, and its educational and research materials.
Axes Regulation and Licensing
Axes Group is heavily regulated by two financial authorities. The Financial Services Authority of Saint Vincent and the Grenadines oversees its internal operations as it acts as a financial and monetary intermediary in the conduct of any commercial brokerage services. More so, the license it acquired from FSA automatically mandates Axes to comply with all the policies stipulated under FSA Resolution Number 1996/35.
Another regulatory body that periodically inspects Axes’s operation is the IFMRRC. It is highly compliant with the policies put forward by the IFMRRC, while practicing the mandates imposed by the MiFID II.
Axes Platform Selection
The broker uses the well-known MT5 as its primary trading platform. The system was launched in 2009 by MetaQuotes Software Incorporated, and it is regarded as a widely acclaimed trading platform for its simplicity and high level of effectiveness. 21 timeframes, 100 simultaneous charts, fast execution, multiple order forms, technical indicators, Expert Advisors feature, Trading Central, Tick charting, and Market Depth are all available on the platform.
It also has a web-based edition that can be viewed from almost any browser. The mobile edition of Axes’ official website has a number of the same functionality as the desktop version. Trades are easier to manage on the smartphone version thanks to live quotations, technical analysis, and real-time news updates. There are also lesser snags since push alerts and live chat support are available. The mobile software is compliant with a range of operating systems, including iOS and Android, making download easy and hassle-free.
Axes Customer Support
Axes has a range of communication options for clients who need assistance. The broker’s customer-centric approach is shown by the fact that certain types of assistance are available in a multitude of languages. Upon close inspection, it was found that live chat functionality is unresponsive, and its Frequently Asked Questions platform includes broken links.
Axes Account Selection
Axes has three separate account choices. Clients progress through the Live, Technical, and VIP accounts in a tiered structure, with minimum deposits increasing and spreads tightening as they switch from one account to another. Clients will earn a 30% bonus if they reach the VIP stage. Subscribers to the VIP account get unrestricted VPS use as well as access to an account manager.
To those who are still hesitant to open a live account, they might want to consider a demo account, which helps them practice trading without putting their money at risk. This is given in order for clients to familiarize the platform and to provide them an idea of what to expect from it. To get started, interested parties must go to the Axes homepage and sign up for a trial account. Clients would then have the chance to scope out Axes’ full functionality before subscribing to a live account.
Axes provides two primary services: foreign exchange and contract for difference trading. These two flagship services are made available via the MetaTrader 5 application, which is an excellent third-party platform. To summarize, Axes is a good brokerage firm with a wide range of payment options, a diverse asset portfolio, and tight spreads.
However, as compared to industry norms, the conditions are still subpar. The company’s inadequate financial regulation and poor customer care will also affect customers. As this is the case, it is advised that interested parties avoid subscribing to Axes and instead look for other brokerage sites that would not risk their finances and would not compromise their overall trading experience.