Note: For some unknown reason, we cannot open Axisbys official site (http://www.axisby.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
Axisby, a trading name of Axisby Limited, is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:400 and floating spreads from 0.1 pips.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading platforms, minimum deposit, etc.
As for regulation, it has been verified that Axisby does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.28/10. Please be aware of the risk.
Market Instruments
Axisby advertises that it offers access to a wide range of trading instruments in financial markets, including Indices, Commodities, Forex, Stocks and Cryptocurrencies.
Account Types
Axisby claims to offer three types of trading accounts, namely Basic, Advance and Pro. However, it says nothing about the minimum initial deposit requirement to open an account.
Leverage
The specified leverage for different account types at Axisby differs between 1:200 and 1:400. Clients on the Basic and Pro accounts can enjoy the maximum leverage of 1:400, while the Advance account members can experience leverage of 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
Axisby claims that the spread varies depending on account types. Specifically, the spread starts from 0.6 pips on the Basic account, while the Advance and Pro account holders have spread from 0.1 pips.
Customer Support
Axisbys customer support can be reached by telephone: +908503078385, email: info@axisby.com. You can also follow this broker on social networks such as Instagram. Company address: 130 Old Street London EC1V 9BD, England.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
