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Axon Markets is a forex broker located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
Axon Markets accepts clients from all over the world, excluding USA, Afghanistan, Belarus, Burma, Central African Republic, Congo, Cuba, Guinea, Iran, Libya, Mauritius, North Korea, Somalia, Syria, Venezuela, Zimbabwe.
Forex broker offers the following underlying assets for trading.
| 40+ Currency Pairs | Based on major and minor world currencies. |
| 40+ Crypto Pairs | Based on various top-rated coins and tokens. |
| 11 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 3 Metal CFDs | Based on Gold, Silver, Platinum. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 100+ Stock CFDs | Based on shares of US, UK and EU companies. |
Axon Markets is a forex broker registered offshore in the Seychelles and with physical offices in Kuala Lumpur and Cyprus. The broker offers some of the highest trading leverage in the industry with up to 1:2,000, and has a wide variety of assets available for trading.
An interesting thing to note about Axon Markets is that although the broker does have an office in Cyprus, it is currently not regulated there or anywhere else in the EU. As a result, EU-based traders can freely sign up with Axon Markets' offshore branch in the Seychelles and enjoy the same ultra-high leverage as everyone else.
One area where Axon Markets stands out from many of its competitors is in terms of its selection of trading instruments. In total, Axon Markets offers more than 1,000 unique trading instruments, including more than 40 forex pairs, several major stock indices, metals, energy commodities, and stocks from around 100 companies listed on exchanges in the US, UK and the EU.
As of this writing, Axon Markets says on its website that although cryptocurrency trading is not yet available, it's coming “very soon.” There is currently no mention of which cryptocurrencies the broker plans to offer for trading.
All of the assets Axon Markets offers are traded on MetaTrader 5 (MT5), which is the only standard trading platform the broker supports. As usual, MT5 can be used as a standard desktop version, as a web version, or as a mobile app available on Apple's AppStore and the Google Play store.
Notably, Axon Markets is also developing a dedicated social trading app as a supplement to MT5. The app, which as of this writing is said to be coming “soon,” will be available to all users who sign up for an account with Axon Markets. Like always with copy trading, the app will allow new and inexperienced traders to automatically copy trades made by others, while also giving seasoned and profitable traders a chance to earn extra income by sharing their trades with the community.
There are four types of trading accounts Axon Markets clients can choose from when they sign up:
– Leverage Plus account, with a $10 minimum deposit, no commissions, and spreads from 1.8 pips
– Standard account, with a $50 minimum deposit, no commissions, and spreads from 1.5 pips
– Raw Spread account, with a $500 minimum deposit, $3 commission per side per lot, and spreads from 0 pips
– Prime account, with a $1,000 minimum deposit, no commissions, and spreads from 0.6 pips
For any customer support needs, Axon Markets' support team can be reached via live chat, email, or a Seychelles-registered phone number. The broker has unfortunately not disclosed what its support team's working hours are, which makes us doubt that 24 hour support is available here.
In summary, we see Axon Markets as an interesting up-and-coming player in the forex brokerage space. However, given that this broker was established as recently as in 2023 and still hasn't released products such as its copy trading app, it's too soon to tell if this is a winner that is here to stay. However, what we have seen so far certainly indicates that this could be a broker to keep a close eye on for traders looking for high leverage on the familiar MT5 platform.
