Axe Trader Review (20% discount code: FOREXPROPREVIEWS)
4.3

Axe Trader Review (20% discount code: FOREXPROPREVIEWS)

Axe Trader provides individuals from all across the globe the opportunity to participate in a new path to trader funding. They understand that trading can be extremely challenging, which is why they support you in building good habits and the discipline that is mandatory for becoming a consistently profitable trader.
Home » Axe Trader Review (20% discount code: FOREXPROPREVIEWS)
Pros
  • Excellent Trustpilot Rating of 4.5/5
  • Three Unique Funding Programs
  • One Fee Double The Axe Promotion (Pay Once, Try Twice) - Not Applicable with Discount/Promotion
  • Professional Trader Dashboard (Coming Soon)
  • A Large Variety of Trading Instruments (Forex Pairs, Commodities, Indices, Cryptocurrencies)
  • No Maximum Trading Day Requirements
  • No Minimum Trading Day Requirements
  • Scaling Plan (Up to $5,000,000)
  • First Payout After 8 Days
  • Future Payouts on a Weekly Basis
  • Profit Share of 70% up to 100%
  • Overnight & Weekend Holding Allowed
  • News Trading Allowed
  • No Regulations on Your Trading Style
  • Opportunity to Trade Full-time in Cancun or London
  • Access to Education through Axe TraderHub
  • Access to Trading Psychologists
Cons
  • Low Leverage up to 1:20 on One-step Evaluation & Funded Axe
  • Low Leverage up to 1:30 on Two-step Evaluation
  • Maximum Daily Equity-based Drawdown

Axe Trader provides individuals from all across the globe the opportunity to participate in a new path to trader funding. They strive to turn traders into professionals by offering them an opportunity to trade full-time. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $250,000 and receive up to 100% of their earned profits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.

Who are Axe Trader?

Axe Trader is a proprietary trading firm with the legal name Axe Trader Ltd., which was incorporated on the 28th of December, 2023. They are located in London, UK, and are being managed by CEO Rick Knight. Axe Trader provides traders with the opportunity to choose between three account types, a two-step evaluation, a one-step evaluation, and an instant funding program, while being partnered with ThinkMarkets as their broker.

Axe Trader’s headquarters are located at 100 Bishopsgate London EC2N 4AG, UK.

Who is the CEO of Axe Trader?

Rick Knight is the CEO of Axe Trader. He is a businessman and serial entrepreneur with over 30 years of experience as a trader. His journey is truly motivational and a proud testament to a resilience and determination that knows no bounds. Demonstrating that with determination and persistent effort, anyone can achieve the seemingly impossible, Rick transformed from a struggling teen to a prosperous self-made millionaire by the tender age of 28.

Rick’s adept trading abilities emerged as a vital asset during the hectic times of the pandemic, providing him with a lifeline amidst the fluctuations. This experience ignited within him a profound desire to impart his knowledge and skills to aspiring traders, empowering them to navigate the markets with assurance. Motivated by this mission, Rick founded Axe TraderHub, a platform aimed at educating and inspiring traders. Moreover, he extended his support by working on providing funding and full-time opportunities through Axe Trader and Axe TraderPro, further solidifying his commitment to fostering a community of successful traders.

Video Review

Funding Program Options

Axe Trader provides its traders with three unique funding program options:

  • Funded Axe
  • Two-step Evaluation
  • One-step Evaluation

Funded Axe

Axe Trader’s Funded Axe provides traders with the opportunity to manage account sizes ranging from $2,500 up to $25,000. The aim is to allow traders to skip the evaluation altogether and start earning from the start. The Funded Axe allows you to trade with up to 1:20 leverage.

Account SizePrice (Regular)Aggressive (Aggressive)
$2,500$98$128
$5,000$198$248
$10,000$298$378
$25,000$598$748

By purchasing Funded Axe, you are awarded a funded account with an initial 8% profit target. You must only respect the 3% maximum daily and 6% maximum loss rules. Your first payout can be as early as 8 calendar days from the day you place your first position on your funded account or when you manage to hit your 8% profit target, while all other withdrawals can be submitted on a weekly basis. Your payouts will consist of 70% up to 100% based on the profit you earn on your funded account. When it comes to drawdown, the Regular Funded Axe account has a locked drawdown, while the Aggressive Funded Axe account doesn’t have any locks on the drawdown limitations. In simple terms, when it comes to Regular Funded Axe accounts, your drawdown caps at the initial starting balance of the account, meaning that it becomes whatever the profit you have left in your account is after receiving your first withdrawal.

Example of Locked Drawdown within the Regular Funded Axe:

By purchasing a $10,000 Funded Axe account and growing it up to $10,500, you would be able to request a withdrawal of $500. However, based on the locked drawdown based on your account’s starting balance, it’s best to avoid doing so because you would breach your maximum drawdown limit. In a perfect scenario, you would grow your account up to $11,000 and then request a $500 payout, providing you with a maximum drawdown of $500 within your account.

By managing a $10,000 account and growing it to $12,000, you could request a $1,000 payout, meaning that the remaining balance of your account would be $11,000, resulting in your maximum drawdown still being $1,000.

Funded Axe Scaling Plan

The Funded Axe also has a scaling plan. If a trader maintains a 10% monthly profit target, then you will become eligible for an account size increase equal to 25% of the initial account size every 90 calendar days.

Example:

After 3 months, each month’s profit must be at least 10%. A qualified $100,000 account increases to $125,000.

After the next 3 months, each month’s profit must be at least 10%. A qualified $125,000 account increases to $150,000.

After the next 3 months, each month’s profit must be at least 10%. A qualified $150,000 account increases to $175,000.

And so on…

Additionally, by achieving a 10% monthly profit target for 6 consecutive months on any account size, you qualify to receive 100% of your earned profits.

Funded Axe Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target is 8%. After you hit the profit target for the first time, there are no profit target requirements.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 3%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 6%. After reaching the first payout, the maximum loss limit is set at the starting account balance, meaning that if you are managing a $10,000 account, your drawdown will be set at $10,000. Going below that mark will result in a breach. (By choosing the Aggressive Funded Axe account type, you will not have a locked drawdown based on your starting balance)
  • No Expert Advisors – This implies that traders are prohibited from utilizing the services of Expert Advisors while engaged in trading activities.

Two-step Evaluation

Axe Trader Two-step Evaluation provides traders the opportunity to manage account sizes ranging from $5,000 up to $250,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Two-step Evaluation allows you to trade with up to 1:30 leverage.

Account SizePrice
$5,000$98 (Single Axe Price: $48)
$10,000$198 (Single Axe Price: $98)
$25,000$298 (Single Axe Price: $198)
$50,000$398 (Single Axe Price: $298)
$100,000$698 (Single Axe Price: $598)
$150,000$1,098 (Single Axe Price: $998)
$250,000$1,698 (Single Axe Price: $1,498)

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. To proceed to phase two, you are only required to reach the 8% profit target without breaching the maximum daily or maximum loss limit rules.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase two. To proceed to funded status, you are only required to reach the 5% profit target without breaching the maximum daily or maximum loss limit rules.

By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 5% maximum daily loss and 10% maximum loss rules. Your first payout is 8 calendar days from the day you place your first position on your funded account, while all other withdrawals can be submitted on a weekly basis. Your payouts will consist of 80% up to 100% based on the profit you earn on your funded account.

Keep in mind that when it comes to the Two-step Evaluation, for a limited time only, traders have the opportunity to utilize two attempts in order to pass the evaluation with the One Fee Double The Axe promotion. This means that after purchasing a Two-step Evaluation of any account size, you will qualify for a total of two chances to pass the evaluation and qualify for a funded account successfully.

Add-ons for Axe Trader’s Two-step Evaluation

  • 90% Profit Split

Two-step Evaluation Scaling Plan

The Two-step Evaluation also has a scaling plan. If a trader maintains a 10% monthly profit target, then you will become eligible for an account size increase equal to 25% of the initial account size every 90 calendar days.

Example:

After 3 months, each month’s profit must be at least 10%. A qualified $100,000 account increases to $125,000.

After the next 3 months, each month’s profit must be at least 10%. A qualified $125,000 account increases to $150,000.

After the next 3 months, each month’s profit must be at least 10%. A qualified $150,000 account increases to $175,000.

And so on…

Additionally, by achieving a 10% monthly profit target for 6 consecutive months on any account size, you qualify for a 100% profit split. However, if you manage to achieve this on a $100,000, $150,000, or $250,000 account size, you also qualify for an interview with the Axe Trader team. Additionally, this can also provide you with an opportunity for a full-time trading position in London or on the Caribbean beaches of Cancun.

Two-step Evaluation Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 10%.
  • No Expert Advisors – This implies that traders are prohibited from utilizing the services of Expert Advisors while engaged in trading activities.

One-step Evaluation

Axe Trader’s One-step Evaluation provides traders with the opportunity to manage account sizes ranging from $5,000 up to $250,000. The aim is to identify disciplined traders who are profitable and can efficiently manage risk throughout a one-step evaluation period. The One-step Evaluation allows you to trade with leverage up to 1:20.

Account SizePrice
$5,000$98 (Single Axe Price: $48)
$10,000$198 (Single Axe Price: $98)
$25,000$298 (Single Axe Price: $198)
$50,000$398 (Single Axe Price: $298)
$100,000$698 (Single Axe Price: $598)
$150,000$1,098 (Single Axe Price: $998)
$250,000$1,698 (Single Axe Price: $1,498)

The evaluation phase requires a trader to reach a profit target of 10% while not surpassing their 4% maximum daily loss or 6% maximum loss rules. When it comes to time limitations, note that you have no minimum or maximum trading day requirements during phase one. To proceed to funded status, you are only required to reach the 10% profit target without breaching the maximum daily or maximum loss limit rules.

By completing the evaluation phase, you are awarded a funded account with no minimum withdrawal requirements. You must only respect the 4% maximum daily loss and 6% maximum loss rules. Your first payout is 8 calendar days from the day you place your first position on your funded account, while all other withdrawals can be submitted on a weekly basis. Your payouts will consist of 80% up to 100% based on the profit you earn on your funded account.

Add-ons for Axe Trader’s One-step Evaluation

  • 90% Profit Split

One-step Evaluation Scaling Plan

The One-step Evaluation also has a scaling plan. If a trader maintains a 10% monthly profit target, then you will become eligible for an account size increase equal to 25% of the initial account size every 90 calendar days.

Example:

After 3 months, each month’s profit must be at least 10%. A qualified $100,000 account increases to $125,000.

After the next 3 months, each month’s profit must be at least 10%. A qualified $125,000 account increases to $150,000.

After the next 3 months, each month’s profit must be at least 10%. A qualified $150,000 account increases to $175,000.

And so on…

Additionally, by achieving a 10% monthly profit target for 6 consecutive months on any account size, you qualify to receive 100% of your earned profits. However, if you manage to achieve this on a $100,000, $150,000, or $250,000 account size, you also qualify for an interview with the Axe Trader team. Additionally, this can also provide you with an opportunity for a full-time trading position in London or on the Caribbean beaches of Cancun.

One-step Evaluation Trading Rules & Objectives

  • Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for the evaluation phase is 10%. Funded accounts do not have any specified profit targets.
  • Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 4%.
  • Maximum Loss – The maximum loss limit a trader is allowed to lose overall without breaching the account. All account sizes have a maximum loss of 6%.
  • No Expert Advisors – This implies that traders are prohibited from utilizing the services of Expert Advisors while engaged in trading activities.

What Makes Axe Trader Different From Other Prop Firms?

Axe Trader differs from most industry-leading prop firms due to offering three unique account types: a two-step evaluation, a one-step evaluation, and an instant funding program. In addition, they also provide numerous favorable features, such as an unlimited trading period, no minimum trading day requirements, a first withdrawal after only 8 calendar days, weekly future payouts, a payout scaleable up to 100% of your earned profits, providing education through Axe TraderHub, an opportunity to trade full-time in Cancun or London, and a One Fee Double The Axe promotion, meaning that you pay once and try twice to achieve funded status.

Axe Trader’s Funded Axe is a direct funding account that allows traders to skip the evaluation altogether and start earning from the start. There is an initial 8% profit target, with a 3% maximum daily and 6% maximum loss rules. You also have no minimum or maximum trading day requirements. Funded Axe also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, Funded Axe stands out mainly for having an unlimited trading period, no minimum trading day requirements, no evaluation phases, a first withdrawal after only 8 calendar days, weekly future payouts, and a payout scaleable up to 100% of your earned profits.

Example of comparison between Axe Trader & Finotive Funding

Trading ObjectivesAxe TraderFinotive Funding
Profit Target8%
Maximum Daily Loss3%5%
Maximum Loss6%8%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split70% up to 100%55% up to 75%

Example of comparison between Axe Trader & Funded Trading Plus

Trading ObjectivesAxe TraderFunded Trading Plus
Profit Target8%
Maximum Daily Loss3%6%
Maximum Loss6%6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split70% up to 100%80% up to 100%

Example of comparison between Axe Trader & The5ers

Trading ObjectivesAxe TraderThe5ers
Profit Target8%10%
Maximum Daily Loss3%3% (Daily Pause)
Maximum Loss6%6%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split70% up to 100%50% up to 100%

Axe Trader’s Two-step Evaluation is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum loss rules. You also have no minimum or maximum trading day requirements during both evaluation phases. The Two-step Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the Two-step Evaluation stands out mainly for having an unlimited trading period, no minimum trading day requirements, a first withdrawal after only 8 calendar days, weekly future payouts, a payout scaleable up to 100% of your earned profits, and a One Fee Double The Axe promotion, meaning that you pay once and try twice to achieve funded status.

Example of comparison between Axe Trader & E8 Markets

Trading ObjectivesAxe TraderE8 Markets
Phase 1 Profit Target8%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%10%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split80% up to 100%80%

Example of comparison between Axe Trader & FundedNext

Trading ObjectivesAxe TraderFundedNext (Two-step Stellar)
Phase 1 Profit Target8%8%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%10%
Minimum Trading DaysNo Minimum Trading Days5 Calendar Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split80% up to 100%80% up to 90%

Example of comparison between Axe Trader & Finotive Funding

Trading ObjectivesAxe TraderFinotive Funding (Classic)
Phase 1 Profit Target8%7.5%
Phase 2 Profit Target5%5%
Maximum Daily Loss5%5%
Maximum Loss10%10%
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodPhase 1: Unlimited
Phase 2: Unlimited
Phase 1: Unlimited
Phase 2: Unlimited
Profit Split80% up to 100%75% up to 95%

Axe Trader’s One-step Evaluation is a one-step evaluation that requires traders to successfully complete a single phase before becoming eligible for payouts. The profit target is 10%, with a 4% maximum daily and 6% maximum rules. You also have no minimum or maximum trading day requirements during the evaluation phase. The One-step Evaluation also has a unique scaling plan, allowing traders to manage even larger account sizes. Compared to other funding programs within the industry, the One-step Evaluation stands out mainly for having an unlimited trading period, no minimum trading day requirements, a first withdrawal after only 8 calendar days, weekly future payouts, a payout scaleable up to 100% of your earned profits, and a One Fee Double The Axe promotion, meaning that you pay once and try twice to achieve funded status.

Example of comparison between Axe Trader & MyFundedFX

Trading ObjectivesAxe TraderMyFundedFX
Profit Target10%10%
Maximum Daily Loss4%4% (Scaleable up to 6%)
Maximum Loss6%6% (Trailing) (Scaleable up to 12%)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 100%80% up to 92.75%

Example of comparison between Axe Trader & Blue Guardian

Trading ObjectivesAxe TraderBlue Guardian
Profit Target10%10%
Maximum Daily Loss4%4%
Maximum Loss6%6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 100%85%

Example of comparison between Axe Trader & Funded Trading Plus

Trading ObjectivesAxe TraderFunded Trading Plus
Profit Target10%10%
Maximum Daily Loss4%4%
Maximum Loss6%6% (Trailing)
Minimum Trading DaysNo Minimum Trading DaysNo Minimum Trading Days
Maximum Trading PeriodUnlimitedUnlimited
Profit Split80% up to 100%80% up to 100%

In conclusion, Axe Trader differs from other industry-leading prop firms by offering three unique account types: a two-step evaluation, a one-step evaluation, and an instant funding program. In addition, they also provide numerous favorable features, such as an unlimited trading period, no minimum trading day requirements, a first withdrawal after only 8 calendar days, weekly future payouts, a payout scaleable up to 100% of your earned profits, providing education through Axe TraderHub, an opportunity to trade full-time in Cancun or London, and a One Fee Double The Axe promotion, meaning that you pay once and try twice to achieve funded status.

Is Getting Axe Trader Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

  • Receiving capital from Funded Axe is realistic primarily due to its average initial profit target of 8% coupled with average maximum loss rules (3% maximum daily and 6% maximum loss). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can trade at your preferred pace. Furthermore, upon successfully generating a profit, participants qualify for payouts featuring an advantageous profit split of 70% up to 100%.
  • Receiving capital from the Two-step Evaluation is realistic primarily due to its relatively modest profit targets (8% in phase one and 5% in phase two) coupled with average maximum loss rules (5% maximum daily and 10% maximum loss). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can secure funding swiftly in a day or proceed at your preferred trading pace. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80% that can be scaled up to 100% of their earned profits.
  • Receiving capital from the One-step Evaluation is realistic primarily due to its average profit target of 10% coupled with average maximum loss rules (4% maximum daily and 6% maximum loss). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can secure funding swiftly in a day or proceed at your preferred trading pace. Furthermore, upon successfully completing the evaluation phase, participants qualify for payouts featuring an advantageous profit split of 80% that can be scaled up to 100% of their earned profits.

After considering all the factors, Axe Trader is highly recommended since you have three unique funding programs to choose from, a two-step evaluation, a one-step evaluation, and an instant funding program, which both feature realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

Axe Trader is a proprietary trading firm that was incorporated on the 28th of December, 2023. They have gathered a community of traders who have reached funded status and successfully qualify for a profit split.

While working with Axe Trader and reaching funded status with the Two-step Evaluation or One-step Evaluation, you will be eligible to receive your first payout after 8 calendar days. However, after your first payout, you will be eligible to receive payouts on a weekly basis. Your profit split will consist of a generous 80% that can be scaled up to 100% based on the profit that you have earned on your funded account.

However, while working with Axe Trader and reaching funded status with the Funded Axe, you will be eligible to receive your first payout as early as 8 calendar days after you manage to hit your 8% profit target. However, after your first payout, you will be eligible to receive payouts on a weekly basis. Your profit split will consist of a generous 70% that can be scaled up to 100% based on the profit that you have earned on your funded account.

When it comes to Axe Trader payment proof, you can find it on numerous websites. One example is Trustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts. Another source of payment proof of Axe Trader is their Discord channel, where you can find numerous payout certificates of the most successful traders.

Examples of Payout Certificates and Payment Proof can be seen in the images below.

Which Broker Does Axe Trader Use?

Axe Trader is partnered with ThinkMarkets as their broker.

ThinkMarkets is a premium multi-asset online brokerage with headquarters located in London and Melbourne. They provide quick and easy access to a wide range of markets while delivering some of the most recognized trading solutions: MetaTrader 4, MetaTrader 5, and their in-house developed ThinkTrader platform.

As for trading platforms, while you are working with Axe Trader, they allow you to trade on DXtrade, cTrader, and Match-Trader.

Trading Instruments

As mentioned above, Axe Trader is partnered with ThinkMarkets, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, and cryptocurrencies with a leverage of up to 1:30, depending on the funding program and trading instrument that you are trading.

Forex Pairs

AUD/CADAUD/CHFAUD/JPYAUD/NZDAUD/USDCAD/CHF
CAD/JPYCHF/JPYEUR/AUDEUR/CADEUR/CHFEUR/CZK
EUR/GBPEUR/HUFEUR/JPYEUR/NOKEUR/NZDEUR/PLN
EUR/SEKEUR/SGDEUR/TRYEUR/USDEUR/ZARGBP/AUD
GBP/CADGBP/CHFGBP/HUFGBP/JPYGBP/NZDGBP/USD
GBP/ZARNZD/CADNZD/CHFNZD/JPYNZD/USDUSD/BRL
USD/CADUSD/CHFUSD/CNHUSD/HKDUSD/HUFUSD/JPY
USD/MXNUSD/NOKUSD/PLNUSD/SEKUSD/SGDUSD/TRY
USD/ZAR

Commodities

BRENTCOPPERCORNNGASSOYBEANS
WHEATWTIXAG/USDXAU/USDXPT/USD

Indices

AUS200CHINA50ESTX50FRA40GER40
HK50JPN225NAS100SPAIN35SPX500
TAIEXUK100US2000US30USDINDEX
VIX

Cryptocurrencies

ADA/USDALGO/USDATOM/USDAVAX/USDBAT/USD
BCH/USDBNB/USDBTC/USDDASH/USDDOGE/USD
DOT/USDEOS/USDETH/USDLINK/USDLTC/USD
MANA/USDMATIC/USDOMG/USDSAND/USDSOL/USD
UNI/USDXLM/USDXMR/USDXRP/USDXTZ/USD
ZEC/USD

Trading Fees

Trading Commission

Trading InstrumentCommission Fee
FOREX 7 USD / LOT
COMMODITIES 7 USD / LOT (Only Metals)
INDICES 0 USD / LOT
CRYPTO 0 USD / LOT

Spread Account

To check the live spreads, log in to the trading account below.

PlatformServerLogin NumberPasswordDownload Platform
DXtrade[email protected]5WicJnjUClick here
cTraderClick here
Match-TraderClick here

Education

Axe Trader provides its community with two unique educational programs:

  • TradersEdge – Mentor Group
  • TraderPsyche – Mental and Emotional Education

The TradersEdge educational program will provide you the opportunity to join Axe Trader’s mentor group, which will open a wide range of educational possibilities, such as:

  • Rapid Learning Progression – Helps you avoid common mistakes that occur with numerous traders.
  • Tailored Counseling and Advice – Helps you enhance your decision-making and risk management.
  • Group Support and Commitment – Being within a community where you are supported and held accountable for consistent improvement.

The TraderPsyche educational program, on the other hand, will provide you the opportunity to join Axe Trader’s mental and emotional education, which will open a wide range of possibilities, such as:

  • Enhanced Concentration and Emotional Composure – Assists in enhanced decision-making and emotional composure when being pressured by the markets.
  • Consistency with Trading Goals – Provides you with clear guidance and prevents impulsive actions that don’t relate to your trading plan.
  • Enhanced Consistency and Effectiveness within the Markets – Assists in being consistently more effective within the markets and increasing the chances of achieving your trading goals.

Axe Trader Trading Dashboard

Please keep in mind that the Axe Trader trading dashboard, which can be seen below, is currently in the final stages of development and will be available in the near future! Stay tuned!

Trustpilot Feedback

Axe Trader has gathered a great score on Trustpilot based on the limited feedback from their community.

On Trustpilot, Axe Trader has received feedback from their community, who have commented and provided positive feedback regarding their company services. The firm has achieved an impressive rating of 4.6 out of 5 from a total of 51 reviews. Notably, 86% of these reviews have awarded Axe Trader the highest rating of 5 stars.

The client expressed their satisfaction with Axe Trader, noting its transparency and effective customer service, which are setting a new benchmark for proprietary firms in the industry. The team’s commitment to prioritizing the community is evident, as they recognize the significance of empowering traders for mutual success. The client also adds the importance of emphasis on transparency and active engagement with members, which is refreshing and distinguishes Axe Trader as an exceptional option for traders seeking a supportive and transparent trading environment conducive to their growth.

The second comment regarding Axe Trader’s services highlights a transformative journey for traders worldwide. The client praises the platform as a revolutionary and inclusive space offering comprehensive trading education from beginner to expert levels. Enrolling and staying connected with Axe Trader’s mentors is recommended for those seeking to enhance their trading skills. In his comment, the client emphasizes the value of filtering through the abundance of online information, making Axe Trader a trusted source for reliable guidance in the trading sphere.

Social Media Statistics

Axe Trader can also be found on numerous social media platforms.

Facebook12,000 Followers & 9,900 Likes
Instagram2,602 Followers
Twitter849 Followers
TikTok228 Followers & 1,633 Likes
YouTube246 Subscribers
Discord12,148 Members

Customer Support

Live Chat
Email[email protected]
Phone+44 204 540 5069
DiscordDiscord Link
Supported LanguagesEnglish

Account Opening Process

  • Registration Form – Register with Axe Trader by filling out the registration form with your personal details and logging into the trading dashboard.
  • Choose Your Account – Choose your account type, broker, trading platform, account size, and add-on feature.
  • Apply Discount Code – Apply our discount code FOREXPROPREVIEWS and enjoy a 20% discount on all Axe Trader account types.
  • Choose Your Payment Method – Choose between a credit/debit card and a cryptocurrency payment method.

Conclusion

In conclusion, Axe Trader is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose between three funding programs: the Two-step Evaluation, which is a two-step evaluation, the One-step Evaluation, which is a one-step evaluation, and the Funded Axe, which is an instant funding program.

Axe Trader’s Funded Axe is a direct funding account that allows traders to skip the evaluation altogether and start earning 70% up to 100% profit splits from the start. Traders have an initial 8% profit target, with a 3% maximum daily and 6% maximum loss rules, which are realistic trading objectives. Regarding time limitations, you have no minimum or maximum trading day requirements, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that Funded Axe features a scaling plan, providing you with the opportunity to increase your initial account balance.

Axe Trader’s Two-step Evaluation is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% or scale up to 100% of their earned profits. Traders must reach profit targets of 8% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during both evaluation phases, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the Two-step Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.

Axe Trader’s One-step Evaluation is a one-step evaluation that requires the completion of a single phase before becoming eligible to manage a funded account and earn 80% or scale up to 100% of their earned profits. Traders must reach a profit target of 10% to become successfully funded. These are realistic trading objectives, considering you have a 4% maximum daily and 6% maximum loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements during the evaluation phase, meaning that you can trade based on your preferred pace without any time pressure. Finally, it’s essential to note that the One-step Evaluation features a scaling plan, providing you with the opportunity to increase your initial account balance.

I would recommend Axe Trader to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with unique features, such as an unlimited trading period, no minimum trading day requirements, a first withdrawal after only 8 calendar days, weekly future payouts, a payout scaleable up to 100% of your earned profits, providing education through Axe TraderHub, an opportunity to trade full-time in Cancun or London, and a One Fee Double The Axe promotion, meaning that you pay once and try twice to achieve funded status. After considering everything Axe Trader has to offer to traders all across the globe, has to offer to traders worldwide, they are indeed a desirable choice within the prop trading industry.

Our detailed review of Axe Trader was last updated on 10.06.2024 at 08:11 (CE(S)T).

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