Thinking of getting into business with AxesPrime? Here is what you must know about this broker. Carefully read this review to find out if is the trading platform you will want to trade with.

About AxesPrime Broker

AxesPrime is an offshore brokerage company with a lot of promises for traders. The broker address shows both London and Canada.


There are different account types the broker offers. See below.

Account Type

In addition, the broker claims authorization from FSASVG to carry out financial services.

To clarify, regardless of the trading instruments AxesPrime claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head. The broker’s claim of FSASVG is a big red flag for FX traders to avoid. Here is what FSASVG has to say about forex brokers.

FSASVG Warning Reasons to Avoid This Broker

Firstly, is a platform with no financial authority overseeing its financial services. We discover this broker is not worth your money because it is nowhere to be found amongst licensed brokers on FCA UK database. It does not end here as Canadian regulator has blacklisted the broker.

OSC Warning

Secondly, we noticed has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Withdrawal and Deposit

Withdrawal process

Under withdrawal policy, AxesPrime withdrawal process takes 3 to 5 business days. There is a minimum withdrawal amount of $50 on any bank transfer.

Minimum Deposit

AxesPrime minimum deposit is pegged at $250 according to the account type.

As for the payment methods, the broker accepts cryptocurrencies and Credit/ Debit cards. Truly, you should not consider making any payment with this broker because it is a risk. So beware!

AxesPrime Platform

ApexFXMarkets claims to offer MT5 (Industry standard trading platform), however, the option of MT5 doesn’t make the broker legit because any scam broker can do the same to lure forex traders.

As for the leverage, it can get up to 1:500. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

AxesPrime Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

Instead, Trade with TOP RATED BROKERS


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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage


Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage


Licensed in Australia(ASIC) and Cyprus(Cysec)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage

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Conclusion: Is a Reliable Broker?

No, does not seem like a reliable broker for traders even though it promises offers that look good to be true.

Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

Because we have taken it as a duty to find out scam forex brokers and also share reasons, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

By Dan

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