What is Aximtrade?
Aximtrade is an online Forex and CFD broker that offers online trading services to traders world wide.
It provides access to trade different financial instruments, such as Forex, stocks, indices, commodities, and cryptocurrencies, through its MT4 platform.
Aximtrade offers various account types with different trading conditions and tools to suit different traders’ needs.
It also provides educational resources and customer support to help traders make informed trading decisions.
Aximtrade aims to offer a safe and reliable trading environment with advanced trading technologies and tight spreads.
Aximtrade offers a range of cryptocurrencies to trade, such as Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash, among others.
You can access these cryptocurrencies through the trading platforms offered by Aximtrade, such as MetaTrader 4 (MT4) or Aximtrade WebTrader.
To invest in cryptocurrency with Aximtrade, you’ll need to sign up for an account and fund it with a deposit using one of the various payment methods accepted by the platform.
Once you’ve funded your account, you can select the cryptocurrency you want to trade and choose your position size. You can also set stop-loss and take-profit levels to manage your risk.
How to start investing in Cryptocurrencies with Aximtrade?
Here’s a step-by-step guide on how to start investing with Aximtrade:
- Sign up for an account:
Visit the Aximtrade website and click on the “Sign Up” button. Fill in your personal information, such as your name, email address, phone number, and country of residence. You’ll also need to choose a password and select your account type.
- Verify your identity:
Once you’ve signed up, you’ll need to verify your identity by submitting a copy of your ID or passport and a proof of address document, such as a utility bill or bank statement.
- Fund your account:
After your account is verified, you can fund it with a deposit. Aximtrade accepts various payment methods, such as credit/debit cards, bank transfers, and e-wallets. Choose the payment method that’s most convenient for you and follow the instructions to complete the transaction.
- Choose your trading platform:
Aximtrade offers two trading platforms: the MetaTrader 4 (MT4) and the Aximtrade WebTrader. The MT4 is a popular platform among traders and offers advanced trading tools and features, while the Aximtrade WebTrader is a user-friendly platform that can be accessed from any web browser.
- Start trading:
Once you’ve funded your account and chosen your trading platform, you can start trading. Aximtrade offers various financial instruments to trade, such as Forex, stocks, indices, commodities, and cryptocurrencies. Choose the instrument you want to trade and select your position size. You can also set stop-loss and take-profit levels to manage your risk.
- Monitor your trades:
Keep an eye on your trades and monitor the market conditions. Aximtrade offers real-time market data and charting tools to help you analyze the market and make informed trading decisions.
Comparison of Account Types of AximTrade
AximTrade MT4 platform supports currency trading, stock index CFDs, and gold and oil CFD trading, but does not provide stock CFD trading.
As shown in the table below, standard accounts, cent accounts, ECN accounts, and Infinite accounts can access the MT4 platform.
|Base Currency||USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR||USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR||USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR||USD, EUR, GBP, JPY, CHF, AUD, NZD, CAD|
|Contract size||100,000 = lot||1,000 = lot||100,000 = lot||100,000 = lot|
|Negative Balance Protection (NBP)||Supported||Supported||Supported||Supported|
|Minimum Spread||1.0 pip||1.0 pip||0.0 pips||3.0 pips|
|Trading Commission||None||None||$3 per lot||None|
|Maximum open/pending orders per client||200 Positions||200 Positions||200 Positions||50 Positions|
|Minimum Trading Lot||0.01 lots||0.01 lots||0.01 lots||0.01 lots|
|Maximum Trading Lot||50 lots||150 lots||50 lots||25 lots|
|Required Minimum Deposit||$1||$1||$50||$1|
|Margin Call %||60%||60%||60%||60%|
|Stop Out %||30%||30%||30%||0%|
|Account Opening Pages||Open AximTrade Standard Account||Open AximTrade Cent Account||Open AximTrade ECN Account||Open AximTrade Infinite Account|
Any AximTrade user can hold up to 15 active trading accounts.
Each active member area is allowed to open up to 7 standard accounts, 2 cent accounts, 5 ECN accounts and 1 Infinite account.
Deposits, withdrawals and other functions related to trading accounts can all be operated in the AximTrade member area.
What are the merits of trading Cryptos with Aximtrade?
Trading Cryptocurrency CFDs (Contracts for Difference) on Aximtrade has several potential merits for traders.
Here are a few:
- Access to a wide range of cryptocurrencies:
- Aximtrade offers a variety of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash, among others. This allows traders to diversify their portfolio and take advantage of different cryptocurrency market opportunities.
- Leverage trading:
- Aximtrade offers leverage trading for cryptocurrency CFDs, which allows traders to open larger positions with a smaller amount of capital. This can potentially increase profits, but it’s important to note that leverage trading also increases the risks associated with trading.
- Tight spreads:
- Aximtrade offers tight spreads on cryptocurrency CFDs, which can potentially reduce trading costs and increase profitability.
- Advanced trading platforms:
- Aximtrade offers advanced trading platforms, such as MetaTrader 4 (MT4) and Aximtrade WebTrader, that are designed to meet the needs of traders of all levels. These platforms provide a range of trading tools, including real-time market data, charting tools, and technical indicators, to help traders make informed trading decisions.
- Risk management tools:
- Aximtrade offers risk management tools, such as stop-loss and take-profit orders, that allow traders to manage their risk and potential losses.
- Educational resources:
- Aximtrade offers a range of educational resources, such as trading guides, webinars, and tutorials, to help traders improve their trading skills and stay informed about market trends.
Trading cryptocurrency CFDs on Aximtrade has potential merits, including access to a wide range of cryptocurrencies, leverage trading, tight spreads, advanced trading platforms, risk management tools, and educational resources.
However, it’s important to note that trading cryptocurrency CFDs involves high volatility and risks, and traders should carefully consider their investment objectives, risk appetite, and financial situation before trading.