What Account Types and Fees Does Axen Broker Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners |
Low minimum deposit, user-friendly interface |
Minimum deposit of $500 |
| ECN Zero Commission |
Active traders |
No commission, variable spreads |
Requires a minimum deposit of $500 |
| ECN Standard |
Intermediate traders |
Small spreads, transparent pricing |
Minimum deposit of $1,000 |
| ECN Professional |
Experienced traders |
Raw spreads, lower commissions |
Minimum deposit of $5,000 |
| Copy-PAMM Account |
Investors looking for managed solutions |
Access to pooled investments and professional management |
Minimum investment varies |
Account Opening Process
To open an account with Axen Broker, you will need to follow a series of straightforward steps. First, visit the official Axen Broker website and complete the registration form. You will be required to accept the terms of service and provide personal information, including identity and contact details. Next, you will submit identity verification documents such as a government-issued ID and proof of address. Once your identity is verified, you can make the required minimum deposit to activate your account. It is important to note that Axen Broker allows flexibility in account types, meaning you can upgrade to a professional account later if your trading experience and volume increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive conditions |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varies by stock |
| CFDs (Commodities) |
0.2% |
$5 per lot |
Market-dependent |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Axen Broker may charge various fees that traders should be aware of. These include deposit and withdrawal fees, which vary depending on the payment method used. Additionally, an inactivity fee may apply if there is no trading activity for a specified period. Platform usage fees might be applicable depending on the account type chosen. Traders should also consider overnight interest rates (swap rates) on positions held overnight, as well as potential currency conversion fees when trading in different currencies.
