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The WikiFX Score of this broker is reduced because of too many complaints!

Axion Trade

Seychelles | 5-10 years |
ECN Account Regulated in Seychelles | Retail Forex License | Suspicious Scope of Business | Australia Appointed Representative(AR) Revoked | Suspicious Overrun | High potential risk | Offshore Regulated

https://axiontrade.net/en

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Spain 2.64
Surpassed 26.90% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+248 4379846
support@axiontrade.net
https://axiontrade.net/en
CT House, Office No. 9A, A19.B Building No. V16050/V16051 in Providence, Mahé, Seychelles
The WikiFX Score of this broker is reduced because of too many complaints!
Keywords 10
5-10 years
Regulated in Seychelles
Regulated in Cambodia
Retail Forex License
Common Financial Service License
Suspicious Scope of Business
Australia Appointed Representative(AR) Revoked
Suspicious Overrun
High potential risk
Offshore Regulated
Warning: Low score, please stay away!
2025-09-11
  • WikiFX has received a total of 15 user complaints against this broker, please be aware of the risks and do not be scammed!
6

Basic Information

Registered Region
Seychelles
Operating Period
5-10 years
Company Name
Axion Trade Limited
Abbreviation
Axion Trade
Company employee
--
Customer Service Email Address
support@axiontrade.net
Contact Number
+2484379846
Company address
CT House, Office No. 9A, A19.B Building No. V16050/V16051 in Providence, Mahé, Seychelles

antifragileme

Unverified

Singapore

Thousands of dollars stolen by the broker as withdrawal was not processed. Upon multiple emails to the entity (no phone number provided), there has been ZERO replies. All attempts to contact via email and facebook direct messages have been ignored. This broker is not actually regulated and does not have apparent controls in place to manage customer funds. It is likely that they have lost all customer funds and gone silent on withdrawals.All proven with attached images:1) Multiple emails sent ignored by broker2) Detail of withdrawal transaction (18 Dec 2023) still pending as of today (27 Jan 2024)

Exposure

2024-01-27

小偉

Unverified

Taiwan

I applied for an Axiontrade trading account on 2023/03/29 and deposited 130 USD through USDT-TRC20 (as shown in the picture), and withdrew 129.58 USD through USDT-TRC20 on 2023/03/30 (as shown in the picture), and Axiontrade has not processed it for a long time Withdrawing funds, I wrote to the customer service mailbox and there was no reply (as shown in the attached picture), and on 2023/04/02, I found that the client directly displayed an invalid user when logging in in the background (as shown in the attached picture), and there was no response when I clicked the forgotten password

Exposure

2023-04-07

TVB63

Unverified

Hong Kong

Induced deposit fraud and malicious liquidation. Teng Kah Weng 911125145447 no 7,taman kok doh jalan segambut 51200 kalau lumpur Kuala Lumpur. This is the man

Exposure

2022-02-07

Manber

Unverified

Belarus

AvaTrade has a diverse range of market instruments and flexible trading platforms, plus solid regulation.But some users report platform issues, and there are concerns about unregulated entities and unverified proprietary platforms.

Neutral

2024-07-23

Streaming

Unverified

Taiwan

HAPPY TRADING! They offer a huge range of markets and withdrawals are quick and easy. Great and recommend for all.

Positive

2024-06-04

Benneat

Unverified

Argentina

Customer service is very good. I rarely use the service on a weekend but this time, there was a queue with a very helpful 'you are customer number xx in the queue' notice which helps to know roughly how long you've got to wait. Adrian was very helpful, helping me to ascertain the exact build number of my MT4 platforms.

Positive

2024-04-19

FX1257448420

Unverified

United Kingdom

Straight forward to use, the team were very responsive and great to deal with! I would highly recommend it. Excellent customer service I have ever experienced!

Positive

2023-02-27

石振

Unverified

United States

I've experienced a problem like deposit issues and connectivity since day one. Also, their spread & commission is high compared to other brokers. Do yourself a favour, walk away and find yourself a better broker.

Neutral

2022-12-16

FX4969462802

Unverified

Hong Kong

The platform refuses to withdraw and the customer service never replies the message, and causing dealer to maliciously liquidate the postion at the end

Exposure

2022-01-20

FX2980322187

Unverified

Hong Kong

Ib Tang bind with mam and does not allow to unbind and maliciously liquidate the position. Lose $8465 and induce customer to deposit.

Exposure

2022-01-20

hailun

Unverified

Hong Kong

Axiontrade cooperates with the broker Malaysian, Tang, to induce customer to deposit and maliciously liquidate the postion, and scam their principle, and causes heavy loss to the customer. Everyone must be awere about this fraud Axiontrade platform and do not participate.

Exposure

2022-01-20

FX4969462802

Unverified

Hong Kong

Stcuking client's funds that are not allowed to be withdrawn, but only deposited. Then this person colludes with the platform and finally liquidate the position and takes profits from customer losses.

Exposure

2022-01-19

TVB63

Unverified

Hong Kong

Transfer the funds from the commission account to the trading account without permission. Do not unbind the mam to withdraw for the customer and do not review. The ib personnel operate the account and maliciously liquidate the position. The picture is ib. I will reward a lot for the clues

Exposure

2022-01-19

随风11793

Unverified

Hong Kong

Fraud and maliciously liquidate the position. This company maliciously liquidate over 2.6 million dollars.

Exposure

2022-01-19

TVB63

Unverified

Hong Kong

Induce customers to deposit funds, do not unbind mam, maliciously liquidate positions

Exposure

2022-01-19

赵远峰

Unverified

Hong Kong

It does not allow to withdraw since Jan. 2 till now. All the accounts were wiped out on 18th. I hope that the customer service can address it for me.

Exposure

2022-01-19

赵远峰

Unverified

Hong Kong

The platform does not allow to withdraw since Jan. 2. Yesterday, all positions were liquidated. This platform is a scam.

Exposure

2022-01-19

最强战神

Unverified

Hong Kong

The platform and traders do not approve the withdrawal until the traders deliberately liquidate the account. Complain to the platform and traders, and demand compensation for losses.

Exposure

2022-01-19

TVB63

Unverified

Hong Kong

The account send email to platform to unbind for withdrawal on Jan. 14, but the customer service refused to do so by various reason which caused the maliciously wipe out

Exposure

2022-01-19

TVB63

Unverified

Hong Kong

Axiontrade cooperated with this person to defraud in the form of mam, and asked the customer service to unbind mam to withdraw money on the way, refused by various reasons, and maliciously exploded all the customer's funds in the early morning tonight! A total of over $1 million was lost.

Exposure

2022-01-19

22
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Company Summary
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Website

axiontrade.com.kh
15.164.26.222
axiontrade.org
13.35.121.89
axiontrade.net
192.185.52.229

Genealogy

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Relevant Enterprises

AXION TRADE PTY LTD(Australia)
Deregistered
Australia
Registration No. 654881606
Established 2021-10-28
Related sources Website Announcement

Company Summary

Axion TradeReview Summary
Founded2020-05-05
Registered Country/RegionUnited Kingdom
RegulationOffshore regulated
Market InstrumentsForex/Commodities/Indices/Stocks
Demo Account
LeverageUp to 1:1000
SpreadAs low as 0 pips
Trading PlatformMT4(PC/Mac/Android/iOS)
Min DepositUSD 10
Customer SupportEmail: support@axiontrade.net
Phone: +2484379846
Facebook/Instagram

Axion Trade Information

Axion Trade is a broker. The tradable instruments include forex, commodities, indices, and stocks. The broker also provides nine accounts with a maximum leverage of 1:1000. The minimum spread is as low as 0 pips and the minimum deposit is USD 10. Axion Trade is still risky due to its offshore regulated status, high leverage, and bad reviews about difficulty withdrawing money.

Axion Trade Information

Pros and Cons

Pros Cons
Various tradable instrumentsOffshore regulated
MT4 availableHigh max leverage
Demo account availableUnspecific transfer time and fee information
Spread as low as 0 pipsNo 24/7 customer support

Is Axion Trade Legit?

FSA offshore regulates Axion Trade with license number SD175, regulated by ASIC with a revoked status, license number 001293799, and SERC with license number 037, but the current status is exceeded.

Is Axion Trade Legit?
Is Axion Trade Legit?
Is Axion Trade Legit?
Is Axion Trade Legit?

What Can I Trade on Axion Trade?

Axion Trade offers 1000+ market instruments with Axion Trade, including over 50+ forex pairs, commodities, 14+ Indices, and stocks.

Tradable Instruments Supported
Forex
Commodities
Stocks
Indices
Cryptocurrencies
Precious Metals
Shares
ETFs
Bonds
Mutual Funds
What Can I Trade on Axion Trade?

Account Type

Axion Trade has nine account types: Raw, Pro, Institutional, Standard, Islamic, Nano, X300, Elite, and VIP. Traders who want low spreads and low leverage can choose an ECN account, while those with a sufficient budget can open an institutional ECN account. The broker also provides an Axion Trader™ program. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Account Type ECNClassicFixed Spread
RawProInstitutionalStandardIslamicNanoX300EliteVIP
LeverageUp to 1:500Up to 1:100Up to 1:100Up to 1:500Up to 1:500Up to 1:1000Up to 1:500Up to 1:500Up to 1:500
CommissionsYesYesYesNoneNoneNoneNoneNoneNone
SpreadsAs low as 0 pipsAs low as 0 pipsAs low as 0 pipsAs low as 1.9 pipsAs low as 1.9 pipsAs low as 1.9 pipsAs low as 3.1 pipsAs low as 2.1 pipsAs low as 1.1 pips
Minimum DepositUSD 100USD 100000USD 1000000USD 100USD 100USD 10USD 100USD 1000USD 10000

Axion Trade Fees

The spread is as low as 0 pips, the commission is from 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

Axion Trade cooperates with the authoritative MT4 trading platform available on PC, Mac, Android, and iOS to trade. Junior traders prefer MT4 over MT5. MT4 provides various trading strategies and implements EA systems. In addition, Axion Mirror provides copy trading services for beginner traders.

Trading PlatformSupported Available Devices Suitable for
MT4PC/Mac/Android/iOSJunior traders
Axion Mirror-Beginners
Trading Platform

Deposit and Withdrawal

The minimum deposit is USD 10. However, transfer processing times, methods, and associated fees are unknown.

Keywords

  • 5-10 years
  • Regulated in Seychelles
  • Regulated in Cambodia
  • Retail Forex License
  • Common Financial Service License
  • Suspicious Scope of Business
  • Australia Appointed Representative(AR) Revoked
  • Suspicious Overrun
  • High potential risk
  • Offshore Regulated

Wiki Q&A

Thanh Thao
Within 1 year

Are there any commissions with Axion Trade?

WikiFX Reply
Yes, certain account types like the ECN and Pro accounts have commissions, but others, such as the Standard and VIP accounts, don’t. Personally, I prefer to trade with an account that has no commissions, but I understand that the spreads might be a little wider in such cases. From my perspective, if you are a high-volume trader, an ECN account with a commission structure might work better, but for beginners or casual traders, avoiding commissions may make more sense. In my Axion Trade review, I’ve found that it’s crucial to choose the account type that best suits your trading style and budget.
Broker Issues
Axion Trade
Fees and Spreads
08-15
United States
Eziol
Within 1 year

Is Axion Trade regulated?

WikiFX Reply
In my Axion Trade review, I found that Axion Trade is offshore regulated, holding a license from the FSA (license number SD175). However, it also has a revoked ASIC license (license number 001293799) and a status of "exceeded" from SERC (license number 037). From my perspective, the offshore regulation might make some traders uncomfortable, especially those looking for strong regulatory oversight. For a more secure trading environment, I would prefer a broker with a robust regulatory framework like the FCA or ASIC with active status. This raises a few red flags in my Axion Trade review, but if you're okay with taking some risks, it still offers solid trading conditions.
Broker Issues
Axion Trade
Regulation
07-09
United States
marcustan
Within 1 year

What are the pros and cons of Axion Trade in terms of regulation?

WikiFX Reply
From what I've seen in my Axion Trade review, the major pro of Axion Trade’s regulation is the wide variety of trading instruments it offers, which is great for those looking to diversify. Additionally, the availability of a demo account is helpful for beginners. However, the cons far outweigh the pros in my view. Offshore regulation, revoked licenses from ASIC, and the exceeded status from SERC are significant drawbacks. I personally wouldn't consider trading with Axion Trade long-term because the regulatory status can often lead to potential risks that could affect traders’ security.
Broker Issues
Axion Trade
Regulation
06-16
United States
JV1s24K_g0ld
Within 1 year

What is the minimum spread available with Axion Trade?

WikiFX Reply
The minimum spread on Axion Trade is as low as 0 pips, which is really attractive if you’re looking for tight spreads. From my experience, tighter spreads can give you an edge, especially when trading on shorter time frames or high-frequency strategies. This low spread, combined with their leverage options, makes Axion Trade appealing for those who prefer fast-paced, high-volume trading. Personally, I think this is one of the standout features of Axion Trade based on my review—tight spreads can certainly help boost your profitability in the long run.
Broker Issues
Axion Trade
Fees and Spreads
06-14
United States
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