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.
- 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
Pricing
Size: 5000 ($48)
Size: 10000 ($98)
Size: 25000 ($198)
Size: 50000 ($298)
Size: 100000 ($598)
Size: 150000 ($998)
Size: 250000 ($1498)
Features
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
Pricing
Size: 5000 ($48)
Size: 10000 ($98)
Size: 25000 ($198)
Size: 50000 ($298)
Size: 100000 ($598)
Size: 150000 ($998)
Size: 250000 ($1498)
Features
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
Pricing
Size: 2500 ($98)
Size: 5000 ($198)
Size: 10000 ($298)
Size: 25000 ($698)
Size: 50000 ($1298)
Features
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
Pricing
Size: 5000 ($38)
Size: 10000 ($78)
Size: 25000 ($148)
Size: 50000 ($248)
Size: 100000 ($398)
Features
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
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