Axiance Review

Axiance is a low-spread broker that operates out of Seychelles and provides brokerage services to traders outside Europe and the United Kingdom. Being an offshore broker, it is possible to secure flexible leverage conditions when trading with Axiance.

I. Background and Company Overview of Axiance

Axiance has a unique system of accounting for swap fees that are charged on overnight positions. Rather than apply the fees daily, the fees are applied as a triple swap on specific days of the week. Some assets will attract swap payments into the trader's account, while others will come as a debit.

Apart from this unique system, Axiance has a few features that retail traders may find interesting:

• Axiance maintains a 24-hours a day, 7-days a week customer service desk, unlike many brokers that shut down for the weekend.
• Customer support is multilingual.
• Offshore regulation allows for reduced margin requirements and more generous leverage.

II. Trading Platforms and Tools

Axiance presents the MetaTrader range of platforms to its traders.

A) MT4: Available in the mobile, web-based and desktop versions, the MT4 has been the mainstay of retail forex trading for two decades. It continues to provide traders with the basics of what makes FX and CFD trading an enjoyable experience.

B) MT5 is an advancement beyond the MT4 and presents a larger number of order types, indicators and graphical objects. The trading tools are also enhanced and traders can apply trendlines, line tools and Fibonacci tools with a greater degree of accuracy.

There aren't many trading tools on Axiance, but the MT5 platform offers traders the opportunity to do the following:

• Access the MQL marketplace where indicators, EAs and scripts can be bought.
• You can also get access to market-moving news via the news bar.
• Use the MQL5 coding environment to create new codes or work on existing ones.
• The MT5 Strategy Tester is just right for testing the performance of your EAs on various assets, with different time frames.

III. Account Types and Spreads

Axiance offers three types of accounts for FX/CFD trading.

1. Standard
2. Premium
3. VIP

The Standard account comes with a $100 minimum deposit requirement. The minimum spread is 1.2 pips, and bonus provision is up to 30% of deposit size. Margin call and stop out levels are set to 100% and 10%, respectively.

The Premium account required $5,000 as minimum deposit, with spreads starting from 0.8 pips. Traders can get as much as 50% bonus on the initial deposit, and margin call/stop-out levels are the same as for the Standard account.

The VIP account type is a zero-spread account with bonuses that can extend to 100% of deposit amount. The margin call and stop-out levels are set to 100% and 15%, respectively. Being a zero-spread account, commissions are charged on trades at the rate of $4 per standard lot.

IV. Contract Specifications

What are the contract specifications of the assets listed for trading on Axiance?

• Maximum leverage is set at 1:500. Exotic FX pairs carry a leverage of 1:100.
• All accounts come with negative balance protection.
• Swap-free accounts are available for eligible traders.
• Server time is GMT + 3.
• All accounts come with access to trade 300+ FX pairs and CFDs on stocks, cryptos, indices and energy assets.
• Minimum contract size on stocks is 100 units, with maximum leverage of 1:10.
• Minimum order size is 0.01 lots, with 10 lots serving as the upper limit of trade sizes.

V. Security and Regulation

The Axiance brand is owned and operated from Seychelles by Aerarium Limited. The brand is regulated by the Seychelles Financial Services Authority (FSA) with license number SD036.

Residents of the United States, Canada, Seychelles, Belgium and North Korea are prohibited from accessing the services of this company as a result of regulatory restrictions.

VI. Customer Support and Education

Customer support is available on Axiance via the following channels:

• Live chat
• Email: support@axianceint.com
• Twitter: twitter.com/AxianceOfficial
• Facebook: facebook.com/AxianceOfficial

Conclusion

Axiance is a high-leverage broker with offshore regulation and a low barrier for entry. If you love these conditions, consider trading with Axiance.