Axes Review 2024

Axes has closed. Please see the list of similar brokers or the Best Brokers List for alternatives.

1.5 / 5
Axes is #108 in our CFD broker rankings.

Axes offers multi-asset trading through the MT5 platform and mobile app.

MT5, TradingCentral
Forex, CFDs, indices, shares, commodities, futures
Neteller, PayPal, Skrill, Visa

Forex Trading

Trade over 70 forex pairs with low spreads.

Stock Trading

Trade shares in 150+ global companies with leverage.

CFD Trading

Trade CFDs with leverage in multiple markets.

Crypto Trading

Trade Bitcoin & Litecoin against the US Dollar.


  • 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

Axes is a forex and CFD broker offering online trading through the MT5 platform. In this review, we’ll look at minimum deposits, payment options, regulators, fees, and more. Find out if Axes is a safe and trustworthy broker.

Axes Company Details

Founded in 2018, Axes LLC is based in London and provides a high-quality trading experience to over one million accounts across 153 countries. The broker is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.

The broker has picked up a long list of international awards for its trading services and offers over 250 financial instruments across six asset classes, attracting both beginners and experienced traders.

Trading Platforms

MetaTrader 5

The MetaTrader 5 (MT5) platform offers advanced trading tools, ideal for experienced traders. The platform provides fast and seamless trading on a customisable interface. Features include:

Axes MT5 platform
Axes MT5 platform

The MT5 platform is available for download on Windows and Mac PCs, directly from the broker’s website.

MetaTrader WebTrader

The web-based version of MetaTrader 5 is easily accessible from any major internet browser. Users can access all the same features as the desktop program, including over 50 customisable indicators such as Bollinger Bands and moving averages, as well as numerous graphs and charting tools. You can access WebTrader straight from the broker’s website, using your login details.


Axes offers over 250 CFDs across several main markets:

Spreads & Commission

Spreads on forex pairs start at 0.8 pips for the EUR/USD, 1.5 pips for the EUR/GBP, and 1.6 pips for the GBP/USD. Spreads are around 1 point for the FTSE 100 and 0.04 for Brent oil. For precious metals, spreads on gold are around 0.39. Overall, the broker is around average in terms of trading fees.

Clients should also be aware of swap charges for overnight positions and a monthly inactivity fee if accounts are unused.


Leverage at Axes varies depending on the asset:

These are high leverage rates and allow clients to take sizeable positions with small capital outlay. This does, of course, also increase the size of potential losses. A breakdown of margin requirements can be be found on the Axes website.

Mobile Apps

Users can trade on the MT5 mobile app, meaning that trades can be executed on the go. The convenient app provides many of the same features as the desktop platform, including real-time quotes, comprehensive technical analysis, and financial news. Traders also benefit from easy-access mobile features including push notifications and live chat support.

Axes MT5 mobile app
Axes MT5 mobile app

The mobile app is compatible with iOS and Android smart devices and can be downloaded from the Apple App Store or Google Play Store.

Payment Methods


Axes offers several fast deposits options, all of which are free to use:

Traders should check with their payment provider or bank for any intermediary fees. The minimum deposit with Axes is $100. Head to the client area to finance your account.


Traders can withdraw funds using the same fee-free methods listed above. Bear in mind that some banks or payment processors may charge their own fees. Axes aims to process all withdrawals in one working day.

Demo Account

Axes offers a demo account, where you can practice trading strategies in a zero-risk environment. You can register for a practice account from the broker’s homepage. If you’re undecided about Axes, a simulator account is an excellent way to try before you buy.

Deals & Promotions

At the time of writing, Axes does not offer any welcome deposit bonuses or promotions. With that said, this may change so check the broker’s website and social media pages in case of new offers.

Regulation Status

Axes holds a license with the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. The broker is also regulated by the International Financial Market Relations Regulation Centre (IFMRRC). However, traders should be aware that neither of these regulatory bodies are held in particularly high esteem. As such, we’d recommend caution before opening an account. Disgruntled clients won’t have the same regulatory support that’s provided with FCA or CySEC regulated brokers.

Additional Features

Axes provides a useful economic calendar and an all-in-one FX calculator. There is also an education centre with free video courses, although the links appear to be broken. Those relatively new to trading may wish to look elsewhere for a more comprehensive selection of resources.

Account Options

There are three accounts to choose from: Live, Professional, and VIP. Benefits, as you move up the account tiers, include up to 30% off spreads with the VIP account, unlimited VPS use, and dedicated account managers. The standard Live account will suit most retail traders while experienced, high volume traders may prefer the VIP option.


Benefits of trading with Axes include:


Disadvantages of trading with Axes include:

Trading Hours

Axes follows standard market operating hours. See the broker’s website for a detailed breakdown of the opening hours of the market you are interested in.

Customer Support

Axes claims to offer support in multiple languages and from various locations. However, upon testing, we were disappointed. The live chat feature doesn’t work and the FAQ portal contains broken or outdated links.

If you do need to contact the support team, we’d recommend:

The broker’s head office address is 34 New House, City of London, EC1N 8JY, United Kingdom.

Trader Security

The MetaTrader 5 platform follows industry-standard security measures, with Secure Sockets Layer (SSL) encryption to protect data exchange between servers. There is also the option of Two-Factor Authentication (2FA) upon login.

Axes Verdict

Axes offers a decent range of CFD assets on the desktop, web and mobile MT5 platforms. Spreads are competitive and fast payment options are also available. But unfortunately, customer support and educational resources are seriously lacking, which makes us wary to recommend the broker to readers. Also, the broker isn’t regulated by a reputable onshore agency, which raises concerns about how safe and trustworthy Axes is.

Top 3 Alternatives to Axes

Compare Axes with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  2. FP Markets – FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
    Go to FP Markets
  3. IC Markets – IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
    Go to IC Markets

Axes Comparison Table

Compare Axes With Similar Brokers
Axes IG FP Markets IC Markets
Rating 1.5 4.4 4 4.8
Markets Forex, CFDs, indices, shares, commodities, futures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $100 $200
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Education No Yes Yes Yes
Platforms MT5, TradingCentral Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
Leverage 1:500 1:30 (Retail), 1:250 (Pro) 1:30 (UK), 1:500 (Global) 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
Payment Methods 4 6 9 14
Visit Visit Visit Visit Visit
Review IG
FP Markets
IC Markets

Compare Trading Instruments

Compare the markets and instruments offered by Axes and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Axes Trading Instruments
Axes IG FP Markets IC Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes No
Silver Yes Yes Yes Yes
Corn No No Yes Yes
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes Yes
Options No Yes No No
ETFs No Yes Yes Yes
Bonds No Yes Yes Yes
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes Yes Yes

Axes vs Other Brokers

Compare Axes with any other broker by selecting the other broker below.


Customer Reviews

There are no customer reviews of Axes yet, will you be the first to help fellow traders decide if they should trade with Axes or not?

Submit Your Own Review of Axes

If you have experience trading with Axes please share your personal review of the broker and what you think are strong and weak points. Thank you.

Axes offers multi-asset trading through the MT5 platform and mobile app.


Is Axes a scam?

Axes is regulated by the FSA in St Vincent and the Grenadines. This offshore regulator is not particularly reputable which does raise concerns about the safety of the broker. We’d recommend caution before opening an account.

Does Axes offer bonds trading?

Axes does not offer trading on bonds. Instead, clients can trade CFDs, stocks, indices, forex, commodities, and futures.

How much capital do I need to trade with Axes?

The minimum accepted deposit is $100, however, the broker recommends funding your account with at least $500.

Where is Axes based?

Axes is headquartered in London but is registered with the FSA in Saint Vincent and the Grenadines.

What leverage is offered at Axes?

The maximum leverage offered at Axes is 1:500, although this varies depending on the market.