Axis Capital Markets Review Is Axcap1247.com A Legit Forex Broker

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Axis Capital Markets Review: Is Axcap1247.com A Legit Forex Broker?

Axis Capital Markets Review: this is the name of a Forex and CFD broker that mentions that it is based in the United Kingdom. Is AxCap247 Legit or a scam Forex broker? Some Forex brokers makes false claims about legitimacy, find out some important details about this particular one.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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AxCap247 or Axis Capital Markets claims that it is a brokerage that is located in the United Kingdom. The Financial Conduct Authority (FCA) is in charge of monitoring trades in the country. Checking the list online provided by the commission showed that the company is truly licensed and registered. This is an encouraging find.

Licensed brokerages have rules that are set by the commission they are under. Most of the time, these rules are in place to protect investors. This is the reason why investing with these firms is advised.

Advantages of AxCap247

Axis Capital Markets states that clients are provided with an extensive qualities offering. Their relationship with international brokers also helps them to achieve their aim of Global Equities Trading. Customer support is available 24/7 and funding options are numerous. Simple withdrawal procedures are also touted on the page.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Axis Capital Markets Trading Platform

Axis Capital Markets or AxCap247 offers traders the MT4 trading platform. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders seem to be majorly Forex, liquid CFDs and Equities. They are the only two mentioned on the page. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

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Maximum leverage offered to clients is 1:400 and while this may seem generous, it is not advisable. High leverages can lead to huge loss of funds as well. Spreads are 1.9 pips on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Axis Capital Markets

The means that traders are to use to make deposits and withdrawals are: VISA, MasterCard, Neteller, Skrill, and Gate2Shop. The fact that some e-wallets are allowed is encouraging.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is $100 and this is within the obtainable of average of $100 to $250 that is common among legit brokers. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated. Withdrawals requests take up to 72 hours to be processed and completed.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Axis Capital Markets or AxCap247 Licensed?

Yes. Axis Capital Markets or AxCap247 is a properly licensed and registered Forex broker under the Financial Conduct Authority (FCA). This means it is therefore authorized to trade in the UK. Scam brokers cannot meet most of the requirements of obtaining this license.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Axis Capital Markets or AxCap247 Support

In order to get in touch with the brokers or speak to a customer care agent, use the number: +44 (0) 203 026 0320 or the email address: [email protected]

Conclusion

Axis Capital Markets or AxCap247 is a properly licensed broker from one of the most respected Forex authorities. This is why we ranked it high. It also offers trading with MT4 and an affordable minimum deposit requirement. If you have anything to say about this broker, do so in the comment section.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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