What Account Types and Fees Does Axon Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginner traders |
Low minimum deposit, beginner-friendly |
Suitable for small-capital practice |
| Prime Account |
Experienced traders |
Low spreads, higher leverage |
Requires minimum deposit of $500 |
| Raw Spread Account |
Professional traders |
Zero commission, tight spreads |
Requires minimum deposit of $1,000 |
| LeveragePlus Account |
High-capital traders |
Up to 1:2000 leverage |
Requires higher trading volume qualifications |
| Islamic Account |
Traders requiring Sharia compliance |
Swap-free trading |
Available upon request |
| Demo Account |
All trader levels |
Practice trading without risk |
Available for all users |
Account Opening Process
To open an account with Axon Markets, follow these steps: First, you will need to provide personal information, including your name, email address, and phone number. Next, submit employment details and financial information to assess your trading profile. Identity verification is essential; you will need to upload a valid ID and proof of address, such as a utility bill or bank statement. The process is designed to be straightforward, and you can upgrade to a professional account later if your trading volume increases or your experience level changes.
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 spreads |
| CFDs (Stocks) |
1.5 |
$0 |
Standard fees apply |
| CFDs (Indices) |
1.2 |
$0 |
Varies by index |
| CFDs (Commodities) |
2.0 |
$0 |
Standard rates |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Axon Markets also has a few additional fees that traders should be aware of. There may be deposit and withdrawal fees depending on the method used, although many options like bank transfers and cryptocurrencies are free. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, platform usage fees are typically not charged, but traders should consider overnight interest rates (swap rates) on positions held overnight. Currency conversion fees may also apply when trading in different currencies.
