Home » AxiaInvestments Review – Axiainvestments.com Legit or Not?

AxiaInvestments Review – Axiainvestments.com Legit or Not?

AxiaInvestments Review - Axiainvestments.com Legit or Not

The website of Axia Investments is not especially striking with something that lets it stand out from the websites of thousands of forex brokers. The key information containing this broker’s main features is noticeable enough, so we will look into it and tell you whether or not it is secure to trade with this firm.

AxiaInvestments Review - Axiainvestments.com Legit or Not

Income Mentor Box

AxiaInvestments Legality and Regulation

Our first move is to figure out whether it is approved and legit for this broker. We found that Axia Investments is the brand name of Smarttool Trading SC Limited registered in Seychelles on the footer of the company’s website. For forex trade, this territory is an offshore region. However, oversight is offered by the Financial Services Authority (FSA) and it has placed a condition that prospective brokers must incorporate a local corporation of no less than $50,000 in share capital.

To deter scammers from invading the ranks of legally licenced and controlled brokers, this number is large enough. The assets of the consumers are not however, kept separately and the broker will use the initial money for commercial operations. This is what makes dealing dangerous with Seychelles brokers-the absence of a promise for the protection of funds from customers. In addition, we find out that this business is not governed by the FSA, so it is non-legit.

We firmly encourage you to investigate and locate a licenced broker who will secure your funds. Through having some ties to licenced brokers from across the globe—the US, Australia, the EU and the UK—we will support you.

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Forex traders must be well-capitalized in the US and Australia and must have an initial capital of at least $20 million in the US and AUD 1 million in Australia to shield consumers from adverse incidents. You can see that being well-capitalized creates a major difference as opposed to the conditions provided in the Seychelles.

There are also benefits as to whether you can pick an EU or UK broker. Although the sum of the initial capital is smaller than that of just EUR 730,000 in the US and Australia, there are several other steps placed in place to secure the money of clients. Registered brokers must donate to payout accounts or programmes in those two jurisdictions from which their customers will be refunded if the broker goes bust.

For example, if the broker is supervised by CySec and contributes to the local Investor Compensation Fund, then up to EUR 20,000 per individual will be repaid to its customers. The sum that the reimbursement will hit in the UK is much higher—GBP 85,000 per client, but only if the broker is FCA-regulated and contributes to the local Financial Services Compensation Scheme. These benefits are not insignificant, and before participating in any trading practises, we urge you to carefully study your forex broker.

AxiaInvestments Trading Software

Axia Investments invests in CFD, forex, commodities, securities and indices as a forex trader. An online trader is a trading site provided to traders (screenshot below). The menu with the trade items can be found on the left-hand page. Here with their price, it displays the forex currency pairs.

A graph of one of the currency pairs, EUR/USD, with the fluctuation in its price over a specified time period, is shown in the centre. The details regarding the same pair is on the right-hand side, such as the pip value, necessary margin, bid/ask price, etc. The trading past, available trade and pending order buttons are underneath the map.

Looking at the EUR/USD bid/ask price, we measured the gap to be 2.1 pips, higher than the industry average. The wide spread raises trading costs which is not advantageous for traders. For this pair, the leverage is 1:400. This leverage is really strong which just implies two things: for the dealers, a major gain or a big lose.

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However appealing it might be, considering the figures that about 70 percent of traders fail, high leverage raises the vulnerability to the possibility of losing assets. Therefore, we suggest that you withdraw from trading with such strong leverage. Please notice that approved brokers have a leverage limit of 1:30 in the EU and 1:50 in the US to avoid irresponsible entry into unsafe trades by traders.

We may not know how comfortable with trading sites you are, but let us advise you that an online trader is not one of the best because it is too simple and does not boost the experience of traders. MetaTrader 4 and MetaTrader 5, on the other side, are much superior and give traders a number of advantages.

Both platforms are provided with a choice for auto trading, a customs script code base, exchange signals, an app sector, VPS, an economic calendar, etc. In addition, their charting options and metrics of technical analysis are out of this world and enable you to forecast and make a profit on the potential course of exchange rates. We highly suggest that you locate a licenced broker offering one of these platforms.

AxiaInvestments Funding and Payments

Let’s have a deeper look at the trading accounts provided to its customers by Axia Investments. Basic, Advanced, Pro, Ultra and Prime are 5. The initial minimum deposit for the standard account is $250. The other accounts, respectively, begin at $2,500, $5,000, $20,000 and $50,000. Traders may opt to pay by credit card, American Express, Discover or to make a bank transfer to feed their account.

We considered the fees paid by this business very ‘interesting’. For eg, if an account is inactive, based on the duration of inactivity, various fees are available. It begins at EUR 80 for up to 2 months of inactivity and will hit $1,000 for over 12 months of inactivity. If the trader wishes to reactivate the account, then EUR 2,000 is the cost!

You will ought to be mindful that once you wish to split up with this broker and apply for a chargeback, the firm would charge you a $150 research fee.

We also encourage you to read the incentive policies closely if you suggest taking some incentives from this broker, since they come with certain strong criteria attached to them. For eg, whether you take a bonus, you are required to reach a transaction volume of 10,000 times the amount of the bonus within 90 days, or if you wager the bonus, your trading volume is 20,000 times the amount of the bonus. You are mistaken if you believe this is easy to achieve. What’s worse, you’ll mess up your account and your redemption choices would even be impacted by it.

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