Axe Trader Ltd., based in London, UK, and led by CEO Rick Knight, offers traders the opportunity to utilize its capital to trade with minimal personal risk. Established on December 28, 2023, Axe Trader provides funded accounts starting at $98, allowing traders to keep up to 100% of simulated profits. Traders can trade forex, commodities, indices, and cryptocurrencies with realistic objectives and no time constraints on trading days.
Axe Trader's payout options are flexible, with an initial default payout ratio of 80% for evaluations and 70% for funded accounts. Traders can upgrade these ratios to 90% or even 100% upon meeting specific profit targets. Payouts can be requested weekly, starting after just 8 trading days.
To qualify for funding, traders must meet three main objectives: achieve a simulated profit target, avoid exceeding daily loss limits, and stay within maximum drawdown limits. This disciplined approach aims to foster good trading habits and long-term profitability.
Axe Trader offers leverage of up to 1:30 for forex and various other rates for different asset classes. There are no maximum or minimum trading days, and traders can scale their accounts up to $5 million. Support is provided to ensure traders can effectively meet their objectives and manage risks.
Traders can hold positions over the weekend, trade during news events, and use multiple accounts, although certain restrictions, such as no use of Expert Advisors and no hedging or Martingale strategies, apply. Payout requests and withdrawals are streamlined, with a focus on maintaining account integrity and compliance with trading rules.
