Details About Axe Trader

  • Legal Name: The legal name of Axe Trader is Axe Trader Ltd..
  • Company Number: The registration number of Axe Trader is 15373598.
  • Country of Registration: Axe Trader is registered in GB.GB
  • CEO: The CEO of Axe Trader is Rick Knight.
  • Support Mail: You can contact Axe Trader at [email protected].
  • Phone: The phone number for Axe Trader is not publicly available.
  • Payment Modes: Axe Trader supports payments via Credit/Debit Card, Crypto.
  • Withdrawal Modes: Axe Trader facilitates withdrawals through PayPal, Crypto, Wire Transfer/ Bank Transfer.
  • Official Website: Visit the official website of Axe Trader at https://www.axetrader.com.
  • Banned Countries: Axe Trader does not allow traders from undisclosed countries.

Challenge Details at Axe Trader

  • Types of Challenge:The challenges offered at Axe Trader include One Phase Challenge, Two Phase Challenge, Instant Funding.
  • Trading Platforms:Axe Trader supports trading on MetaTrader, MatchTrader, cTrader, Trade Locker, DXTrade.
  • Trading Instruments:Traders at Axe Trader can trade Forex, Indices, CFDs, Metals, Commodities, Crypto.
  • Broker:The broker associated with Axe Trader is Liquidity Providers.
  • Max Allocation:The maximum allocation provided by Axe Trader is 250,000.
  • Scaling:The scaling potential at Axe Trader reaches up to 5,000,000.
  • Trading Competitions:Axe Trader does not organize trading competitions for traders.
  • Free Trials:Axe Trader does not offer free trials to its users.

Company Information

  • Company Name: Axe Trader
  • Company Legal Name: Axe Trader Ltd
  • Company Registration No.: 15373598
  • Operating Since: December 28, 2023
  • CEO Name: Rick Knight

Challenge Details

Axe Trader offers four account types to cater to traders of different skill levels and financial goals. Let’s break them down:

Standard Axe (One-Step) Challenge Details :-

Pricing:

  • $5,000 Account: $48
  • $10,000 Account: $98
  • $25,000 Account: $198
  • $50,000 Account: $298
  • $100,000 Account: $598
  • $150,000 Account: $998
  • $250,000 Account: $1,498

Rules:

  • Profit Target: 10%
  • Total Loss: 6%
  • Daily Loss: 4%
  • Profit Share: 80% (up to 100%)
  • Drawdown Type: Static Drawdown
  • Time Limit: Unlimited
  • Leverage:
    • 1:20 FX
    • 1:10 Index
    • 1:10 Metals
    • 1:10 Commodities
    • 1:2 Crypto
  • Max Lot Size: No limit
  • Payout Frequency: Every 7 days
  • Allows Copy Trading: Yes
  • Min Trading Days: 0

Standard Axe (Two-Step) Challenge Details :-

Pricing:

  • $5,000 Account: $48
  • $10,000 Account: $98
  • $25,000 Account: $198
  • $50,000 Account: $298
  • $100,000 Account: $598
  • $150,000 Account: $998
  • $250,000 Account: $1,498

Rules:

  • Profit Target (Phase 1): 8%
  • Profit Target (Phase 2): 5%
  • Total Loss: 10%
  • Daily Loss: 5%
  • Profit Share: 80% (up to 100%)
  • Drawdown Type: Static Drawdown
  • Time Limit: Unlimited
  • Leverage:
    • 1:30 FX
    • 1:10 Index
    • 1:10 Metals
    • 1:10 Commodities
    • 1:2 Crypto
  • Max Lot Size: No limit
  • Payout Frequency: Every 7 days
  • Allows Copy Trading: Yes
  • Min Trading Days: 0

Funded Axe Challenge Details :-

Pricing:

  • $2,500 Account: $98
  • $5,000 Account: $198
  • $10,000 Account: $298
  • $25,000 Account: $698
  • $50,000 Account: $1,298

Rules:

  • Profit Target: None
  • Total Loss: 6%
  • Daily Loss: 3%
  • Profit Share: 70% (up to 100%)
  • Drawdown Type: Static Drawdown
  • Time Limit: Unlimited
  • Leverage:
    • 1:20 FX
    • 1:10 Index
    • 1:10 Metals
    • 1:10 Commodities
    • 1:2 Crypto
  • Max Lot Size: No limit
  • Payout Frequency: Every 7 days
  • Allows Copy Trading: Yes
  • Min Trading Days: 0

Axe Pro Challenge Details :-

Pricing:

  • $5,000 Account: $38
  • $10,000 Account: $78
  • $25,000 Account: $148
  • $50,000 Account: $248
  • $100,000 Account: $398

Rules:

  • Profit Target: 8%
  • Profit Cap: 2%
  • Total Loss: 8%
  • Daily Loss: 2%
  • Profit Share: 80% (up to 100%)
  • Drawdown Type: Static Drawdown
  • Time Limit: Unlimited
  • Leverage:
    • 1:20 FX
    • 1:10 Index
    • 1:10 Metals
    • 1:10 Commodities
    • 1:2 Crypto
  • Max Lot Size: No limit
  • Payout Frequency: Every 7 days
  • Allows Copy Trading: Yes
  • Min Trading Days: 0

Scaling Plan

Axe Trader offer a scaling plan with which traders can scale up to $1 million,To be eligibile, Traders will have to make at least 10% profit target in the next three consecutive months. Further scaling is available through Axe Trader Pro, with account sizes reaching up to $5 million.

Spreads and News Trading Rules

Spreads:

Axe Trader has not mentioned any information related to spreads on their website.

News Trading Rules:

Axe Trader allow Traders to trade during news events. However, Opening or Closing trades 5 minutes before and 5 Minutes after red news events is not allowed. Traders are also not allowed to modify their trades in this 10 minutes window.

Other Important Rules

Daily Drawdown Calculation:

Axe Trader calculates daily drawdown based on the previous day’s balance which resets at 5 PM EST Everyday. The Drawdown type used here is Balance-Based Drawdown which means the drawdown limit does not increase or decrease based on the floating equity and only counts the closed balanced each day. As it is a balanced based drawdown, the drawdown limit only increases and does not decrease when account is in loss.

Countries Banned from Purchasing:

Axe Traders allow traders from all around the world to join their funding program but Traders from OFAC-listed countries are not allowed.

Prohibited Trading Strategies:

Axe Trader does not allow traders use few listed strategies which are mentioned below :-

  • Exploiting errors or latency in the pricing and/or platform(s) provided by the Broker
  • Utilizing non-public and/or insider information
  • Front-running of trades placed elsewhere
  • Hedging
  • Martingale
  • Group Trading
  • Reverse trading
  • layering
  • Third-party management
  • Using Off-the-shelf strategies
  • Any sort of arbitrage

If a trader gets caught while performing any of these strategies then Axe Trader can punish those trader by applying these rules.

  • Implementing consistency rules
  • Lowering risk approach
  • Restricting lot sizes
  • Reducing leverage
  • Lowering the maximum weekly payout
  • Apply a trailing drawdown

Payout Methods

Axe Trader has not mentioned the exact payment method on their website but they have mentioned that traders can withdraw their payouts directly from their dashboard.

Trading Commissions

Axe Trader only charges trading commissions on Forex and Metals which is $3.5 per side per round lot. 

IP Rule

Axe Trader has not mentioned any information related to IP Address Rule on their website. We advice traders to trade using either the same device or trade with only one device from the same IP Address location.

Axe Trader Challenge Account Pricing

Standard Axe(One Step) Challenge

Standard Axe(One Step) Challenge Price Card Bar

Pricing

Size: 5000 ($48)

Size: 10000 ($98)

Size: 25000 ($198)

Size: 50000 ($298)

Size: 100000 ($598)

Size: 150000 ($998)

Size: 250000 ($1498)

Standard Axe(One Step) Challenge Left Icon

Features

Standard Axe(One Step) Challenge Right Icon

Drawdown Type

Equity Based Drawdown

Copy Trading

Copy Trading Allowed

Drawdown

6%%

EA Allowed

EA Not Allowed

News Trading

News Trading is Allowed

Profit Target

10%

Daily Loss

4%

Standard Axe(Two Step) Challenge

Standard Axe(Two Step) Challenge Price Card Bar

Pricing

Size: 5000 ($48)

Size: 10000 ($98)

Size: 25000 ($198)

Size: 50000 ($298)

Size: 100000 ($598)

Size: 150000 ($998)

Size: 250000 ($1498)

Standard Axe(Two Step) Challenge Left Icon

Features

Standard Axe(Two Step) Challenge Right Icon

Drawdown Type

Balance Based Drawdown

Copy Trading

Copy Trading Allowed

Drawdown

10%%

EA Allowed

EA Not Allowed

News Trading

News Trading is Allowed

Profit Target

8%-5%

Daily Loss

5%

Funded Axe

Funded Axe Price Card Bar

Pricing

Size: 2500 ($98)

Size: 5000 ($198)

Size: 10000 ($298)

Size: 25000 ($698)

Size: 50000 ($1298)

Funded Axe Left Icon

Features

Funded Axe Right Icon

Drawdown Type

Balance Based Drawdown

Copy Trading

Copy Trading Allowed

Drawdown

6%%

EA Allowed

EA Not Allowed

News Trading

News Trading is Allowed

Profit Target

None

Daily Loss

3%

Axe Pro

Axe Pro Price Card Bar

Pricing

Size: 5000 ($38)

Size: 10000 ($78)

Size: 25000 ($148)

Size: 50000 ($248)

Size: 100000 ($398)

Axe Pro Left Icon

Features

Axe Pro Right Icon

Drawdown Type

Balance Based Drawdown

Copy Trading

Copy Trading Allowed

Drawdown

8%%

EA Allowed

EA Not Allowed

News Trading

News Trading is Allowed

Profit Target

10%

Daily Loss

2%

Frequently Asked Questions

Reviews

No reviews availavle!

Disclaimer

TheTrustedProp is a registered entity, TT Prop LTD, in the United Kingdom with the company number 15370954, located at House, 27 Old Gloucester Street, London, WC1N 3AX. Please be advised that TheTrustedProp is not a financial advisor. Our website and mobile products serve as enterprise information searching tools for global users. While utilizing TheTrustedProp products, users are expected to consciously adhere to the relevant laws and regulations of the country and region in which they are situated. All content published on TheTrustedProp is subject to UK regulations.
It is imperative for individuals to conduct their own research before engaging in any financial activities. TheTrustedProp does not assume responsibility for any consequences arising from decisions made without thorough personal research. Status Firms are subjected to change depending on Situations.

© 2024 TheTrustedProp, Made with ❤️ in 🇮🇳 for a better and safer Prop Industry.