Overview of AXIA
Founded in 2020 and based in Hong Kong, AXIA is a forex and CFD broker that offers 60 currencies, precious metals, various commodities, and CFDs. However, AXIA operates without any regulatory oversight. The broker supports the widely-used MetaTrader 4 (MT4) platform on multiple devices, such as Windows, Android, iPhone, and iPad. However, AXIA lacks transparency in crucial aspects like account types, minimum deposit requirements, leverage options, spreads, and additional fees. The broker's customer support is accessible via email, telephone, and physical address. Unfortunately, AXIA does not currently provide any educational resources to its clients.
Pros and Cons
AXIA offers multiple trading options, including CFDs, precious metals, and commodities. The utilization of the popular MT4 platform enhances the trading experience. However, AXIA operates without regulation. There is a notable lack of transparency regarding account types, spreads, commissions, leverage, and other fees. Furthermore, the absence of educational resources limits the support available for traders to enhance their knowledge and skills.
Is AXIA legit or a scam？
AXIA Phoenix Fine Project operates without any regulatory oversight from reputable financial authorities. The absence of regulation means AXIA is not subject to the stringent standards and oversight that regulated brokers must adhere to. Without regulatory safeguards, clients' funds and interests are not protected.
Market Instruments
AXIA provides traders with currency pairs, precious metals, commodities, and CFDs. Currency pairs involve trading one currency against another, facilitating speculation on currency exchange rate movements. Precious metals, like gold and silver, are commodities that traders can use to hedge against economic uncertainties. Commodities include raw materials such as oil and agricultural products. CFDs (Contracts for Difference) help traders to speculate on the price changes of financial assets without owning the underlying assets.
How to Open an Account with AXIA
Enter Basic Information: Go to the AXIA website and select the 'Open Account' or 'Open Real Account' option. Provide your name, email address, and password to initiate the account creation process.
2. Enter Personal Information: Once logged in, complete your profile by entering additional details such as your address and phone number.
3. Submit Verification Documents: Upload the necessary identification documents, such as your passport or national ID, and a proof of address, like a utility bill or bank statement. This verification step is crucial for meeting regulatory requirements and safeguarding your account.
Trading Platform
AXIA offers the MetaTrader 4 (MT4) platform, a staple in the trading industry known for its intuitive design and powerful features. Available on Windows, iPhone, iPad, and Android devices, MT4 allows traders to access their accounts and execute trades seamlessly from any location. MT4 stands out for its advanced charting capabilities, extensive range of technical indicators, and support for automated trading via Expert Advisors (EAs). The platform also provides various order types and execution modes.
Customer Support
Company location: Room 510, Wayson Commercial Building, 28 Connaught Road West, Hong Kong
E-mail: info@axia-phoenix.com
TEL: +85-2-5617-5482
Conclusion
Overall, AXIA is a brokerage firm that provides currencies, precious metals, commodities, and CFDs through the MetaTrader 4 (MT4) platform. Despite these offerings, AXIA's lack of regulatory oversight indicates potential problems regarding the security and protection of traders' funds. The broker also falls short in transparency about crucial aspects such as account types, spreads, commissions, leverage, and fees. Therefore, traders are advised to take extra vigilance before trading with this broker.
FAQs
Q: Is AXIA a regulated broker？
A: No, AXIA is not regulated by any financial authority.
Q: What trading platforms does AXIA provide？
A: AXIA offers the MetaTrader 4 (MT4) platform for Windows, iPhone, iPad, and Android devices.
Q: What trading instruments are available with AXIA？
A: AXIA offers trading in currencies, precious metals, commodities, and CFDs.
Q: How can I reach AXIA's customer support？
A: You can contact AXIA via email at info@axia-phoenix.com, by phone at +85-2-5617-5482, or visit their company offline.
Q: Are there any educational resources provided by AXIA？
A: No, AXIA does not provide any educational resources for traders.
Q: Is AXIA transparent about its fees and account types？
A: No, AXIA does not provide clear information about its account types, spreads, commissions, leverage, or other fees.
Risk Warning
Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.
Additionally, the review's generation date is a critical consideration, as information may have evolved since then. We strongly advise readers to verify updated details directly with the company before making any decisions, as the readers must be aware of and willing to accept the inherent risks involved in utilizing this information.
