Aksys Global Markets
Pros and Cons
Pros
- Utilizes MetaTrader 5 platform for advanced trading
- No minimum deposit requirement for account opening
- Wide range of trading instruments including forex, commodities, and cryptocurrencies
- Competitive leverage of up to 1:1000 available
- 24/5 customer support in multiple languages
Cons
- Not regulated by any recognized financial authority
- Limited investor protection due to lack of regulation
- Potential risks of trading with an unregulated broker
- Limited educational resources for traders
- Withdrawal fees for credit/debit card transactions
Basic Information
User Reviews
Aksys Global Markets Overview
Aksys Global Markets, founded in 2022, is a forex broker based in Mauritius. The company operates under the name Aksys Global Markets Ltd and has been active for approximately 2 to 5 years. It is important to note that Aksys Global Markets is currently not regulated by any recognized financial authorities, which may present certain risks for traders. For more detailed information, you can visit their official site at https://www.wikifx.com/en/dealer/5096265112.html.
The broker offers a range of trading instruments, including forex, commodities, indices, equities, and cryptocurrencies, allowing traders to diversify their portfolios. Aksys Global Markets utilizes the MetaTrader 5 platform, which is known for its advanced charting tools and trading capabilities. Customer support is available 24/5 in multiple languages through various channels, including live chat and email. With no minimum deposit requirement and maximum leverage of 1:1000, it provides flexible options for both new and experienced traders, although the lack of regulation should be taken into consideration when evaluating this broker’s offerings.
Is Aksys Global Markets Safe? Regulation Analysis
Regulatory Information
Aksys Global Markets is not regulated by any recognized financial authority. This lack of regulation may expose traders to significant risks, including limited investor protection and a higher potential for fraud. It is essential for traders to carefully consider these factors when choosing to trade with an unregulated broker.
Trading Products and Services
What trading instruments does Aksys Global Markets offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g. EUR/USD, GBP/JPY) | Many |
| Commodities | Gold, Oil, Silver | Many |
| Indices | S&P 500, NASDAQ | Many |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Many |
| Cryptocurrencies | BTC, ETH, XRP | Many |
Aksys Global Markets offers a diverse range of trading instruments that cater to the needs of different traders, including forex, commodities, indices, equities, and cryptocurrencies. This variety allows traders to implement various strategies, whether they are looking for short-term opportunities in the forex markets or diversifying their portfolios with equities and commodities. The availability of multiple asset categories supports both beginners and experienced traders, enabling them to adapt their trading approaches based on market conditions. By providing such a comprehensive range of products, Aksys Global Markets enhances the potential for flexible trading strategies and effective portfolio management.
Account Types and Trading Conditions
What Account Types and Fees Does Aksys Global Markets Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Zero Account | Traders seeking low-cost execution | Low spreads, competitive commissions | Requires higher trading volume for optimal use |
| Classic Account | New and experienced traders | No minimum deposit, commission-free | Suitable for general trading without high capital |
| Standard Account | Active traders and investors | Varied asset access, competitive spreads | Requires a minimum deposit of $200 for full benefits |
Account Opening Process
To open an account with Aksys Global Markets, traders must follow a straightforward process. Initially, they will need to submit personal information such as name, address, and contact details. Following this, employment and financial information are required to assess suitability for trading. Identity verification is mandatory, which includes providing a valid ID and proof of address. Once registered, traders have the flexibility to upgrade their accounts, such as moving from a Classic to a Professional account, depending on their trading experience and volume objectives.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | From 1.0 | $0 | Standard trading conditions |
| Forex (Minor Pairs) | From 1.5 | $0 | Standard trading conditions |
| CFDs (Stocks, Indices, Commodities) | Varies | $0 | Commission-free on Classic and Standard Accounts |
| Cryptocurrencies | Varies | $0 | Commission-free trading available |
Other Fees
Traders should be aware of potential additional costs associated with their accounts. These include deposit and withdrawal fees, which can vary based on the payment method used. Inactivity fees may apply if an account remains dormant for an extended period. Furthermore, overnight interest (swap rates) will be incurred on positions held overnight, and currency conversion fees may apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Aksys Global Markets Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Secure login (2FA), multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| Web Version | All devices with internet access | Encryption, symbol lookup, price alerts | None |
| Mobile App | iOS, Android | Biometric login, push notifications, one-click trading | None |
Aksys Global Markets offers the MetaTrader 5 platform, which is suitable for both desktop and mobile users, providing advanced trading capabilities and tools. The MT5 platform is ideal for advanced traders, offering a wide range of features including multiple order types and secure login options. The web version allows users to trade from any device, ensuring accessibility and convenience. The mobile app facilitates trading on the go, with features like biometric login and real-time alerts. Overall, Aksys Global Markets supports mobile trading, secure logins, fast order execution, and efficient search tools, making it a versatile choice for different trading strategies.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $50, Max $10,000 per transaction | USD, EUR |
| Crypto Wallets | Instant | No fees | Min $50, Max $20,000 per day | BTC, ETH |
| Credit/Debit Cards | Instant | No platform fee, 2% charge for withdrawals | Min $50, Max $5,000 per transaction | USD, EUR |
Minimum Deposit
Aksys Global Markets has no minimum deposit requirement, allowing traders to start with any amount. However, specific account types may impose different conditions based on trading strategies.
How to Withdraw
- Log in to your Aksys Global Markets account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it adheres to the limits set.
- Confirm your withdrawal request and provide any necessary documentation if prompted.
- Monitor your email for confirmation and updates regarding your withdrawal status.
Customer Support
Aksys Global Markets Customer Support Overview
Support Channels
Aksys Global Markets provides multiple contact methods for customer support, ensuring traders can easily reach out for help. The primary channels include:
- Email: Traders can contact support via email at support@aksysgm.com, which allows for detailed inquiries.
- Live Chat: Aksys Global Markets features a live chat option on their website for instant communication with support representatives.
- Telephone: Traders can also reach customer service by calling +357 25 357525 for direct assistance.
- Social Media: Support may also be accessible through the broker’s social media platforms, although specific channels are not detailed.
Service Availability
Customer support is available 24 hours a day, five days a week (24/5), accommodating traders across various time zones. Support is offered in multiple languages, catering to a diverse clientele.
Additional Resources
Aksys Global Markets enhances its customer service by providing additional resources such as educational materials, market analysis, and trading signals, which can assist traders in making informed decisions.
Frequently Asked Questions
Aksys Global Markets is not regulated by any recognized financial authority. This lack of regulation may expose traders to significant risks, including limited investor protection.
Aksys Global Markets offers a diverse range of trading instruments, including forex, commodities, indices, equities, and cryptocurrencies, allowing traders to implement various strategies.
Aksys Global Markets provides three account types: Zero Account, Classic Account, and Standard Account. Each account type is designed to cater to different trading needs, with varying characteristics and fee structures.
Customer support for Aksys Global Markets is available 24 hours a day, five days a week. You can reach them via email at support@aksysgm.com, through live chat on their website, or by calling +357 25 357525.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.