Verified:
AXEL Private Market Limited ("AXEL") Was Registered In 2019 And Is Located In Saint Vincent And The Grenadines. It Is A Brokerage Company That Trades Online.
As For Supervision, It Has Been Verified That AXEL Does Not Currently Have Any Valid Licenses. Traders Should Choose Carefully And Pay Attention To Risks.
Note:
AXEL Is An Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
According To The Company's Official Website:
AXEL Offers Its Clients The Popular MT4 Trading Platform And Application Programming Interface FIX, With Over 400 Trading Options Including Currency Pairs, Commodities, Stocks, Indices, And Cryptocurrencies, As Well As Competitive Spreads, No Commissions, And Flexible 1:500 Leverage.
Advantages
Multiple Trading Tools
MT4 Trading Platform Available
24/7 Multichannel Customer Support
Disadvantages
Fraud Risk
Clients From The US, Belgium And North Korea Are Not Accepted
No Minimum Deposit Information
Large Spreads
No Deposit And Withdrawal Information
Market Instruments
Strong >
AXEL Allows Its Clients Access To A Vast Financial Marekt. Different Types Of Assets, Including Currencies, Stocks, Commodities, Indices, Cryptocurrencies And CFDs, Can Be Traded Through The Brokerage Platform.
This Option Offers Traders The Opportunity To Diversify Their Portfolios And Take Advantage Of Different Market Opportunities. The Availability Of These Tools Enables Clients To Explore Various Trading Strategies And Establish Positions In Various Markets Around The Globe.
Account
AXEL's Trading Accounts Are Suitable For Both Retail And Professional Traders. However, AXEL Is Silent On The Amount Of Funds Required To Open An Account And Start Trading. Each Account Is Designed For Different Types Of Traders, According To The Account Features Listed Below.
For Example, Regular And Deluxe Accounts Are More Suitable For Retail Traders, While VIP Accounts Are Suitable For Professional Traders, Who Have Been Pursuing Lower Trading Costs. Post-insurance Ratio: 80%, Forced Position Squaring Ratio: 50%.
Leverage
AXEL Offers Leverage Of Up To 1:500 For Forex Trading, Which Means Traders Can Control Larger Positions With Relatively Little Capital. However, High Leverage Can Also Increase The Risk Of Potential Losses, Especially If Traders Do Not Have Adequate Risk Management Strategies.
For Indices And Commodities, AXEL Offers Leverage Of Up To 1:100. Traders Should Always Exercise Caution When Using Leverage And Ensure They Have A Good Understanding Of The Risks Involved In Trading.
Spreads And Commissions
AXEL Offers Its Clients A Zero Commission Trading Environment. The Spread Depends On The Type Of Trading Account.
With A Deluxe Account, You Can Enjoy A Spread Starting From 3 Pips.
While The Regular Account Account Has A Lower Spread, Starting From 2.5 Pips.
VIP Account Holders Can Enjoy The Most Competitive Spread Among These Three Accounts, Starting From 2.0 Pips.
It Is Worth Noting That The Information Provided Is Limited And There May Be Other Undisclosed Processing Fees Or Fees. Traders Are Advised To Read AXEL's Terms And Conditions Carefully For A Comprehensive Understanding Of Its Trading Costs.
Trading Platform
In Terms Of Available Trading Platforms, AXEL Offers Its Clients Access To The World's Most Popular MT4 Trading Platform For Windows, Mac, IOS, Android And WebTrader. The MT4 Platform Is Known For Its User-friendly Interface, Advanced Charting Capabilities And Customizable Features.
With The MT4 Platform, Traders Can Access A Wide Range Of Trading Tools And Indicators, Perform Technical Analysis And Execute Trades Quickly And Easily. The Platform Is Also Equipped With Features Such As Automated Trading, Expert Advisors (EAs) And One-click Trading, Which Is Suitable For Traders Of All Skill Levels.
Overall, The MT4 Platform Provided By AXEL Provides Its Clients With A Reliable And Efficient Trading Experience.
Trading Tools
AXEL Provides A Variety Of Trading Tools To Help Traders Make Informed Decisions. Market Overviews And Data Provide Up-to-date Information About Indices, Commodities And The Forex Market. The Economic Calendar Helps Traders Stay Informed About Important Events That May Affect The Market.
The Forex Heat Map Displays Real-time Changes In Currency Pairs And Provides Insights Into Potential Trading Opportunities. The Forex Exchange Rate Feature Enables Traders To Monitor Exchange Rates And Quickly Spot Favorable Market Conditions. Finally, Stock Screening Tools Help Traders Find Stocks That Meet Their Specific Trading Criteria.
Overall, AXEL's Trading Tools Are Very Useful For Traders Who Want To Stay Up To Date With Market Information.
Deposits And Withdrawals
Worryingly, AXEL Does Not Provide Information On How To Deposit And Withdraw Funds. Without This Information, Potential Clients Will Not Know How To Deposit And Withdraw Funds. In Addition, There Is A Lack Of Transparency In This Area, Making It Difficult To Assess The Safety And Security Of The Deposit And Withdrawal Process With AXEL.
Any Trusted Broker Should Provide Clear And Detailed Information On How Clients Deposit And Withdraw Funds To Ensure A Positive Trading Experience.
Client Server
According To The Information Provided On The AXEL Website, The Broker Appears To Offer A Comprehensive Customer Support Service. Clients Can Contact The Support Team 24/7 Via Phone, Email Or Online Message To Resolve Any Issues Or Queries. The Broker Also Provides Its Physical Address, Which Is A Good Sign Of Transparency. Additionally, The Frequently Asked Questions (FAQ) Section On The Website May Help Clients Find Answers To Common Questions.
Regional Restrictions
The Information On The AXEL Website Is Not Directed To Residents Of Any Particular Country Other Than The United States, Belgium, North Korea, Or Saint Vincent And The Grenadines, And Is Not Intended For Distribution Or Use By Anyone In Any Country Or Jurisdiction That Violates Local Laws Or Regulations.
