AxCap247
Pros and Cons
Pros
- Regulated by Financial Conduct Authority (FCA)
- Diverse range of trading instruments including Forex, commodities, stocks, and indices
- Access to popular trading platforms: MT4 and MT5
- Various account types catering to different trader needs
- Segregated client funds for enhanced protection
Cons
- Services primarily target institutional clients
- No information on specific trading conditions
- Limited educational resources for traders
- Inactivity fees may apply for dormant accounts
- Withdrawal limits may restrict larger transactions
Basic Information
User Reviews
AxCap247 Overview
AxCap247, operating under the full name Axis Capital Markets Limited, is a forex broker founded in 2013 and registered in the United Kingdom. The broker is regulated by the Financial Conduct Authority (FCA), holding license number 589327. With a robust operating history of 10-15 years, AxCap247 is committed to maintaining compliance with regulatory standards, which enhances its credibility in the forex trading market.
Is AxCap247 Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | Segregated Funds |
Is AxCap247 Regulated and How Are Client Funds Protected?
AxCap247, operating as Axis Capital Markets Limited, is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, holding the license number 589327. This regulation underscores the broker’s commitment to maintaining high compliance standards, which enhances its legitimacy in the forex trading market. Client funds are protected through the use of segregated accounts, ensuring that client funds are kept distinct from the broker’s operational funds. This practice is a key element of investor protection and helps to mitigate the risks associated with trading. By adhering to the FCA’s stringent regulations, AxCap247 aims to offer a reliable trading environment for its clients.
Trading Products and Services
What Trading Instruments Does AxCap247 Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g. EUR/USD, GBP/JPY) | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
AxCap247 offers a diverse range of trading instruments across various asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This extensive selection caters to the different needs of traders, from beginners to seasoned professionals. By providing access to multiple asset classes, AxCap247 enables traders to implement flexible trading strategies and enhance their portfolio diversification, ultimately supporting a wide range of trading styles and investment goals. Whether you are looking to trade in the Forex market or explore other financial products, AxCap247 aims to provide a robust trading environment that meets the dynamic demands of its users.
Account Types and Trading Conditions
What Account Types and Fees Does AxCap247 Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and general traders | Access to a wide range of trading instruments | Suitable for small-capital trading |
| Professional Account | Experienced traders and institutions | Higher leverage and lower spreads | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized services and solutions | Requires corporate documentation |
| Islamic Account | Traders needing swap-free options | Complies with Sharia law | Available upon request |
| Demo Account | New and prospective traders | Practice trading without financial risk | Ideal for testing strategies |
Account Opening Process
To open an account with AxCap247, prospective clients need to follow several steps. Initially, they will be required to submit personal, employment, and financial information. This includes providing identity verification documents, such as an ID and proof of address. Once the initial steps are completed, clients will have the flexibility to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| CFDs (Stocks, Indices) | Varies | Varies | Depends on the specific asset |
| Commodities (Gold, Oil) | Varies | Varies | Market conditions impact pricing |
| Cryptocurrencies (BTC, ETH) | Varies | Varies | Dependent on market volatility |
Other Fees
Clients should be aware of various additional fees that may apply. These include deposit and withdrawal fees, which can vary depending on the method used. Inactivity fees may also be applicable if an account remains dormant for an extended period. Additionally, platform usage fees could be incurred, alongside any overnight interest (swap rates) for positions held overnight. Currency conversion fees may apply for trades involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does AxCap247 Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, multiple order types, price alerts, technical indicators | Demo accounts, API interfaces |
| MT5 | Windows, macOS, iOS, Android | Encryption, one-click trading, push notifications, economic calendar | Demo accounts, VPS |
| Web Version | Web browsers | Secure login, symbol lookup, market analysis tools | Demo accounts |
AxCap247 provides access to various trading platforms, including MT4 and MT5, which are suitable for both beginners and experienced traders. MT4 is known for its ease of use and comprehensive tools, while MT5 offers advanced features for multi-asset trading. The web version allows for trading from any browser, ensuring flexibility and convenience. All platforms emphasize secure login methods and offer real-time alerts, enhancing user experience and operational efficiency.
Mobile trading is supported across the platforms, allowing traders to manage their accounts and execute trades on the go. With fast order execution and effective search tools, AxCap247 aims to provide a comprehensive trading environment that meets the needs of its diverse clientele.
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 20k/day | GBP, EUR, USD |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 10k/day | GBP, EUR, USD |
| E-wallet (e.g., PayPal) | Instant | 1.5% e-wallet charge | Min 50, Max 15k/day | GBP, EUR, USD |
| Cryptocurrency | Instant | No platform fee | Min 50, Max 5k/day | BTC, ETH |
Minimum Deposit
AxCap247 requires a minimum deposit of £50 to open an account. This minimum deposit applies uniformly across all payment methods and account types, ensuring accessibility for a wide range of traders.
How to Withdraw
To withdraw funds from your AxCap247 account, follow these steps:
- Log in to your AxCap247 account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred payment method for withdrawal.
- Enter the amount you wish to withdraw.
- Confirm your withdrawal request.
- Monitor your email for confirmation and updates on your withdrawal status.
Customer Support
AxCap247 Customer Support Overview
Support Channels
AxCap247 offers multiple contact methods to assist customers effectively. Traders can reach out via:
- Email: Customers can send inquiries to support@axcap247.com for assistance.
- Telephone: For immediate support, clients can call +44 (0) 203 026 0320.
- Live Chat: Available on the AxCap247 website for quick responses.
- Social Media: AxCap247 maintains a presence on platforms like LinkedIn, Facebook, and X for additional support and updates.
Service Availability
AxCap247’s support services are available 24/5, ensuring that traders can receive help during standard market hours. Multilingual support is also offered, allowing clients to communicate in various languages to enhance their service experience.
Additional Resources
To further assist traders, AxCap247 provides educational resources, including market analysis and trading signals. These resources are designed to help clients make informed trading decisions and improve their overall trading strategies.
Frequently Asked Questions
Yes, AxCap247 is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, holding license number 589327. Client funds are protected through the use of segregated accounts, which ensures that client funds are kept separate from the broker’s operational funds, enhancing investor protection.
AxCap247 offers a diverse range of trading instruments across various asset categories, including Forex (major pairs), commodities (like gold and oil), indices (such as S&P 500 and NASDAQ), and stocks (notable US and UK companies). This extensive selection caters to different trading strategies and investment goals.
AxCap247 provides various account types, including Retail Accounts for beginners, Professional Accounts for experienced traders, Corporate Accounts for corporate clients, Islamic Accounts for those needing swap-free options, and Demo Accounts for practice without financial risk. Each account type is designed to meet different trader needs.
You can reach AxCap247 customer support through multiple channels: via email at support@axcap247.com, by telephone at +44 (0) 203 026 0320, through the live chat feature on their website, or via social media platforms like LinkedIn, Facebook, and X. Support services are available 24/5 to assist traders.
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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.