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.