- Digging out the truth
- Live chat option not provided
- Accounts do not offer the best features
- Unlicensed broker
- Valuable education center content missing
Do you feel that your trading career is in a mess because you have been making the wrong choices? Well, if that is the case, then you need to be very careful when selecting a trading platform. Your goal should be to avoid a shady broker by all means. Now, we do understand that it can be difficult to distinguish between genuine and shady brokers. This is why we are going to make things easy for you and discuss Axe Trades in detail.
Now, we started by exploring the contact options offered by Axe Trades. This information is quite crucial because it is the deciding factor and helps you to ascertain whether you are choosing the best trading platform or not. Well, we were in for some disappointment. Axe Trades claims to be offering 24/7 support. However, we could not find the live chat support option on the site.
This is an alarming situation. The reason is that there are times when you need an answer to your concerns on an immediate basis.
Axe Trades offers six different account types. This includes Green, Sapphire, Pearl, Gold and Platinum account. The truth is that only the Green account seems to be an affordable option. The deposit of this account is about $250.
The Green account offers 1*30 minute trading sessions. However, this time frame may not be suitable for the novice traders. The reason is that the short time frame trades are volatile and may not suit the new traders who are new to this field. Secondly, the features also seem to be limited to Axe Trades account.
For example, if you go for the Sapphire account, then you have to deposit about $5000. However, daily news updates and signals are not available with this account. The Sapphire and Pearl account seems to be offering a discretionary service. We feel that if this service is useful in the true sense of the word, then the website should have emphasized the perks of this service.
Another aspect that made us skeptical about Axe Trades is that it is not licensed. When a broker is not licensed, then there is no guarantee about the fact whether you would be able to make successful withdrawals or not so it is a big risk which you cannot afford by any means.
Most new traders are keen to explore the Education Centre of the trading platforms, but you are bound to be disappointed with Axe Trades. The reason is that the education center is quite basic. It does not have any valuable videos on the site that may offer insight to the trader.
Do not opt for this broker as it may not be able to offer value to you. Axe Trades has many loopholes that need to be addressed. Say no to this broker by all means for sure if you want a successful trading career.