AXOFA Is Operated Via The Website - Https://axofa.com/and Is Not Currently Operational
As For Regulation, It Has Been Verified That AXOFA Does Not Currently Have Any Valid License
The Only Way You Can Approach FXBV Is Via Email: Support@axofa.com.
General Information
AXOFA Is A Forex Broker Registered In Saint Vincent And The Grenadines That Provides Access To The Huge Financial Marekt. With The AXOFA Platform Offering Three Trading Accounts With A Minimum Opening Margin Of Just $1, Traders Can Use A Maximum Leverage Of 1:500 On Their Positions. However, When It Comes To Regulatory Information, AXOFA Disappoints Us That It Is Not Authorized Or Regulated By Any Regulatory Authority.
Account Types
Cent Account, BIMAX Account And PELOW Account Are Options Available To Traders. All Account Types Have A $1 Minimum Deposit, Making Them Available To Both Novice And Experienced Traders.
Margin Call: 100%, Stop Loss: 20%.
Demo Accounts
And AXOFA Demo Accounts Where Would-be Traders Can Test Different Trading Strategies To Trade Without Putting Their Own Money At Risk, Resulting In An Easier Trading Experience.
Spreads And Commissions
Trading Accounts Set Commissions And Spreads. Trading On Cent And Bimax Accounts Is Commission-free, With Average Spreads Starting At 1.6 Pips, While Trading On Pelow Accounts Starts At 0.0 Pips, But The Cost Of Opening A Position Per Lot Is $3.50.
Leverage
Maximum Leverage On Major FX Is 1:30 In Europe And Australia And 1:50 In The US And Canada, While AXOFA Enables Its Clients To Use Leverage Of Up To 1:1000. This Is Significantly Higher Than The Limit Many Regulators Deem Appropriate.
Since Leverage Can Amplify Gains And Losses, It Can Be Devastating For Inexperienced Investors. If You Are Just Starting Out In The Trading World, It Is Best To Stick To A Smaller Ratio (no More Than 1:10).
Trading Platform
Widely Considered The Best Mt5 Trading Platform In The Industry Available Via AXOFA, Accessible On Windows, Macos, Ios, Android.
Payment Methods
Customers Can Use The Following Deposit And Withdrawal Options With A Minimum Deposit Of $1, Including VISA, MasterCard, Local Exchanger, And More.
Payment-methods
However, AXOFA Is Vague About The Time Required To Process Withdrawals And The Associated Fees.
Customer Support
If You Have Any Questions Or Problems With Trading, Please Contact The Broker Using The Following Methods:
Email: Support@AXOFA
Company Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent And Grenadine.
Or You Can Follow The Broker On Facebook, Twitter And Youtube.
