Clients of AXISCapital are offered trading with variable spreads, no commission fees leverage up to 1:500 on the MetaTrader 4 platform. Clients who deposit more than $1000, are entitled to some extras, such as more bonus options.
Besides, the broker offers Swap-free services to clients of Islamic belief.
Overall, AXISCapital’s offerings appear standard: No-Dealing-Desk execution, high leverage levels, no commission fees, stable trading platform, and 20% welcome on-deposit bonus. Nonetheless, the broker cites as typical a spread of 2 pips on EUR/USD, which is above the average for the forex market.
By comparison, average trading costs for this pair with FX Choice (also licensed by Belize’s IFSC) amount to around 1.2 pips/lot (including spreads averaged 0.5 pips and a commission of $7 per lot round trip) Besides, the minimum initial deposit required by FxChoice is $100 (which also includes ECN accounts).
The Company. Security of Funds
AXISCapital Corp Limited
AXISCapital is an offshore brokerage that offers trading in currency pairs, precious metals and commodity and indices CFDs on the good old MetaTrader 4. The company behind the brand, AXISCapital Corp Limited, claims to be based in Belize and licensed by the International Financial Services Commission (IFSC).
However, our search in the IFSC’s website returned no results. What is more, we checked in the popular Forex Peace Army (FPA) forum and it recommends the highest level of caution when dealing with AXISCapital.
Because of all the risks associated with Investing in offshore and/or unregulated brokers, we generally advise traders to stay away from such companies and to choose among firms licensed by reputable regulators such as FCA or ASIC, for example.
As we have already mentioned, AXISCapital supports the popular MetaTrader 4 (MT4), available as desktop and mobile versions.
MT4 offers ease of use, stability and full set of professional features, such as technical indicators, extensive back-testing environment, advanced charting tools and trading robots (EAs).
AXISCapital also offers MultiTerminal a MT4 component, intended for simultaneous management of multiple accounts (PAMM service).
Methods of Payment
AXISCapital offers bank wire transfer, credit/debit cards, Skrill and Neteller as payment methods.
AXISCapital is another forex broker that is not regulated and offers online trading services on the MT4 platform.
AXISCapital Review Conclusion
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about AXISCapital Review.