axia trade

Axia Trade broker is a CFD broker operating under the company name Smarttool Trading SC Limited with a Seychelles FSA license, offering more than 600 trading instruments on MetaTrader 5 and its own proprietary platform. Axia Trade currently does not serve users residing in Iran. In this overview, we review Axia Trade's license, accounts, platforms, payment methods and risks based on Teagle's data.

What kind of broker is Axia Trade?

Axia Trade (whose website is known as Axia Investments) is listed in Teagle's data as registered in Seychelles, but its year of founding is unknown. The broker offers trading in forex, stocks, indices, commodities, cryptocurrencies and ETFs with maximum leverage of 1:400. What sets Axia apart is the combination of a proprietary platform with analytical tools, trading signals, daily market analysis and educational content. An account manager, incentive schemes, multilingual support and contractual negative balance protection are also among its services. The important point is that the broker itself is the counterparty to clients' CFD trades.

Axia Trade broker licenses and credibility

According to Teagle's latest review, Axia Trade holds one active license:

• Seychelles FSA: number SD034, status Active.

The Seychelles license is a weak offshore license and lacks a strong compensation scheme like those of tier-1 regulators; Teagle also considers "regulatory credibility limited to offshore regulation" a main drawback of this broker. Under the agreement, the broker can void from the outset any trade executed on the basis of a "manifest price error" and has considerable discretion in accepting, executing or cancelling orders. We have explained the market-making model and the broker acting as counterparty in the article What are B-Book and A-Book brokers and license tiers in the article Offshore and onshore brokers .

Does Axia Trade serve Iranians?

No. According to Teagle's expert review, Axia Trade currently does not serve users residing in Iran, and Iranian traders cannot legally open and verify an account. Using an address, documents or identity from another country can lead to account blocking and withdrawal problems. Even if registration through an intermediary or by changing your geographic location is possible, Teagle does not recommend this approach. See the criteria for choosing a safe broker in the article Brokers banned for Iranians .

Axia Trade trading accounts

Axia Trade has five accounts with floating spreads, a 0.01% commission, a 100% margin call and a 20% stop-out, and an Islamic version is available for all of them:

• Bronze account: minimum deposit $500, spreads from 1.8 pips and leverage of 1:100.
• Silver account: minimum deposit $5,000, spreads from 1.8 pips and leverage of 1:200.
• Gold account: minimum deposit $10,000, spreads from 1 pip and leverage of 1:300.
• Platinum account: minimum deposit $50,000, spreads from 0.7 pips and leverage of 1:400.
• Diamond account: minimum deposit $250,000, spreads from 0.4 pips and leverage of 1:400.

The $500 minimum deposit on the basic account and spreads from 1.8 pips on the first two accounts make Axia expensive for small capital. To calculate the real cost, read the article Spread in forex trading . According to Teagle, this broker's inactivity fee is also relatively heavy.

Axia Trade platforms and services

Trading at Axia Trade takes place on MetaTrader 5 (Windows, Android and iOS), the Axia Trader Web version and the Axia Trader mobile app. Additional services include bonuses, cashback, rebates, copy trading and social trading, expert advisors, an IB program, trading signals, education and an economic calendar. However, according to Teagle's data, the use of bots is restricted without the broker's written permission; if you use expert advisors, get permission before you start. Also read the tips on copy trading in the article What are copy trading and social trading .

Deposits and withdrawals at Axia Trade

Axia's payment methods include bank wire, credit and debit cards, and online payments and e-wallets. Deposits are free with all methods; card and e-wallet deposits are instant and bank wires take 3 to 5 business days. The minimum withdrawal is $100 or €90, and withdrawals take at least 3 to 5 business days. The withdrawal fee is a flat $15 up to one thousand dollars and 1.5% of the amount above that. To close your account, you must also send a written request at least seven business days in advance.

Axia Trade's rating and risk on Teagle

Axia Trade's final rating on Teagle is 2.89 out of 5: Trustpilot 4.3, Forex Peace Army 2.86 and WikiFX 1.5. No user has posted a review of it on Teagle yet. The Teagle Eye risk index for Axia Trade is 63 out of 100, in the "high risk" category; its sole offshore license and the unrecorded founding year are the main factors behind this figure. Also see this broker in Teagle's list of high-risk brokers .

Pros and cons of Axia Trade broker

• Pro: more than 600 instruments across various markets
• Pro: contractual negative balance protection and Islamic account
• Pro: structured copy trading and analytical tools
• Con: regulatory credibility limited to an offshore Seychelles license
• Con: high minimum capital and heavy inactivity fee
• Con: no services for Iranians and bots restricted without written permission

Who is Axia Trade suitable for?

Axia Trade suits non-Iranian traders who need a variety of instruments, an Islamic account and copy trading, and who knowingly accept the limitations of offshore regulation. It is not suitable for Iranian users or those who want a tier-1 regulator and a compensation scheme. For a comparison with a multi-regulated broker, see Axia Trade vs AvaTrade comparison .

Conclusion

Axia Trade offers a good variety of instruments and analytical tools, but its offshore license, high minimum capital and Iran restriction make it an unsuitable option for Iranian users. Avoid registering with a false identity, choose a broker that officially accepts Iranians, start with small capital and follow the latest warnings on the investment risk warning page .