Axe Trader is redefining the prop trading landscape with its trader-centric approach, offering substantial funding, competitive profit splits, and flexibility in trading styles. Whether you’re a scalper, swing trader, or prefer news trading, Axe Trader provides the resources and support needed to succeed. Dive into our detailed review to discover how Axe Trader stands out in the world of prop trading.

Table of Contents

Who is Axe Trader Company?

Axe Trader is a trading platform that offers traders worldwide the opportunity to manage their funds and benefit from profit splits. The platform allows access to large account sizes of up to $250,000 and the potential to keep up to 100% of profits, redefining traditional funding models for professional traders.

The company’s mission is to support skilled traders in becoming full-time professionals, with a focus on inclusivity by providing access to individuals from diverse regions and backgrounds. This approach helps overcome geographical barriers that often restrict access to high-level trading opportunities. For more insights, you can explore other prop trading firms reviews.

Axe Trader Key Features

Axe Trader is a modern trading platform equipped with powerful tools and features designed to enhance the trading experience. It caters to both beginners and seasoned traders with its user-friendly interface, advanced analytics, and strong security measures. Key features of Axe Trader include:

• Real-Time Market Data: Access to live market information for informed trading decisions.
• Customizable Trading Strategies: Tailor your trading approach with flexible strategy options.
• Seamless Order Execution: Fast and efficient trade execution to stay competitive in the market.
• Comprehensive Risk Management Tools: Includes tools for managing and mitigating trading risks effectively.

Whether trading equities, forex, or commodities, Axe Trader aims to provide the precision and speed needed to excel in the market.

Account Sizes and Leverage Options

• Account Sizes: Available account sizes range from $2,500 to $25,000, catering to various trading preferences and capital levels.
• Leverage: Traders can utilize leverage up to 1:20, enhancing trading capacity and potential returns.

Profit Targets and Risk Management

• Profit Target: Traders are set an initial profit target of 8%, promoting goal-oriented trading strategies.
• Risk Management Guidelines: The program enforces strict risk management with a maximum daily loss limit of 3% and a cumulative loss cap of 6%.

Payout Structure and Profit Sharing Model

• Payouts: Upon achieving the 8% profit target, traders can receive their first payout within eight days of their initial trade, with further withdrawals available weekly.
• Profit Sharing: Depending on their performance metrics, traders can earn between 70% and 100% of their trading profits.

Drawdown Options

Drawdown limits vary based on the account type. Regular funded accounts have a locked drawdown, while Aggressive Funded Axe accounts offer more flexibility in drawdown management. The enhanced Funded Axe program showcases Axe Trader’s commitment to providing traders with robust tools and transparent opportunities for financial growth, aiming to assist both experienced traders and newcomers in maximizing their trading potential in dynamic market conditions.

Who is the CEO of Axe Trader?

Rick Knight is the Chief Executive Officer of Axe Trader. With over three decades of experience in the trading industry, Rick is a seasoned businessman and a serial entrepreneur. His journey is a testament to resilience and determination, having transformed himself from a struggling teenager to a self-made billionaire by the age of 28. Rick’s story highlights that with consistent effort and determination, achieving the seemingly impossible is within reach. During the turbulent times of the pandemic, Rick’s trading skills proved invaluable, providing stability amid market volatility. This experience fueled his passion for sharing his knowledge with aspiring traders, empowering them to navigate the markets confidently. With a vision to educate and inspire traders globally, Rick founded Axe TraderHub, a platform dedicated to providing trading education and support. Further extending his commitment to the trading community, he launched Axe Trader and Axe TraderPro, offering funding opportunities and pathways to full-time trading careers, solidifying his mission to build a thriving community of successful traders.

Axe Trader: General Information

Axe Trader offers a range of services and features designed to support traders in their journey. Here’s a detailed overview of the key aspects of Axe Trader:

• Official Website: www.axetrader.com
• Profit Sharing: Ranges from 70% up to 100% based on performance.
• Educational Resources: Access to trading education through Axe TraderHub.
• Trading Instruments: Includes Commodities, Crypto, Forex, and Indices.
• Funding Flexibility: Funded accounts start at $98, providing accessible entry points for traders.
• Scaling Plan: Opportunities to scale accounts up to $5,000,000.
• First Payout: Eligible after 8 days of initial trading.
• Future Payouts: Available on a weekly basis.
• Reputation: Rated highly with a perfect reputation score.
• Trading Platforms: CTrader, DXtrade, and Match-Trader are supported.
• Additional Features: Allows overnight and weekend holding, news trading, with no restrictions on trading style.
• Deposit Methods: BTC, Visa, and PayPal.
• Withdrawal Methods: Bank Transfer and BTC.
• Account Size Options: From $5,000 to $250,000.
• Axe Trader Rules: Includes maximum daily loss, maximum loss limits, no EAs allowed, and profit targets.
• Account Currencies: USD.
• Incorporation Date: December 2023.

Is Axe Trader a Reliable and Legal Prop Trading Company?

In evaluating the reliability and legality of Axe Trader, it’s essential to consider its operational framework, reputation, and support services.

Legal and Licensing

Axe Trader operates legally under a proper license, adhering to the legal framework, ensuring clients can feel secure about their finances and the safety of their confidential information.

Customer Support

The company offers robust support options, including email (support@axetrader.com), phone (+44 204 540 5069), and an online contact form on their website. This ensures that customers can always reach out for assistance.

Reputation

Axe Trader holds a reputable rating of 4.6 out of 5 on Trustpilot, reflecting a strong track record and positive feedback from users.

Security and Safety

The company emphasizes high-quality technical support, offering multiple communication channels such as telephone, email, Discord, and live chat, available 24/7. Support is provided in English, making it convenient for traders from various countries.

Axe Trader: Challenge Funding Program Options

1-Phase Challenge

Axe Trader offers a 1-Phase Challenge that provides traders with the opportunity to manage account sizes ranging from $5,000 to $250,000. To succeed in this challenge, traders must effectively manage risk within specified time intervals, with leverage options of up to 1:20 depending on the trading instrument chosen. The primary objective in the 1-Phase Challenge is to achieve a profit target of 10% on the account while staying within the risk limits—specifically, a maximum daily loss of 4% and an overall maximum loss limit of 6%. There are no specific requirements for the number of trading days needed to achieve funded status; the key is to meet the profit target while adhering to the loss limits. Upon successful completion of the evaluation phase, traders receive a fully funded account with no minimum withdrawal requirements, although they must continue to follow Axe Trader’s risk management rules. The first payout is available eight days after opening the funded account and placing the first trade, with subsequent withdrawals processed promptly upon request. The profit split starts at 80%, with the potential to increase up to 100% based on the profitability of the funded account.

2-Phase Challenge

The 2-Phase Challenge at Axe Trader begins with a two-step evaluation process, offering traders the chance to handle account sizes from $5,000 to $250,000. This challenge is designed to identify skilled traders capable of effective risk management across both evaluation phases. Leverage of up to 1:30 is available, depending on the chosen trading instrument. In the 2-Phase Challenge, traders are required to meet distinct profit targets for each phase: 8% in Phase One and 5% in Phase Two. Throughout both phases, strict adherence to risk management rules is mandatory, including a maximum daily loss of 5% and an overall loss limit of 10%. Upon successful completion of both evaluation phases, traders receive a funded account with no minimum withdrawal requirements, while still adhering to Axe Trader’s loss limits. The initial payout is made eight days after the first position is opened on the funded account, similar to the 1-Phase Challenge, with future withdrawals processed promptly upon request.

Axe Trader Challenge Scaling Plan

Axe Trader’s Challenge program includes a scaling plan that rewards traders who consistently meet their profit goals. By achieving a monthly profit target of 10%, traders can qualify for an account size increase of 25% every 90 days. Here’s how the scaling plan works:

• Initial Stage: If a trader reaches a 10% profit goal each month for three consecutive months, an eligible account starting at $100,000 will scale up to $125,000.
• Next Stage: Over the next three months, maintaining the 10% monthly profit target will grow the $125,000 account to $150,000.
• Further Scaling: Continuing to meet the 10% monthly profit target will further scale the $150,000 account to $175,000, and so on.

Additionally, achieving a 10% monthly profit goal for six consecutive months qualifies traders for full profit sharing, regardless of their account size. Moreover, if this target is achieved with a $100,000, $150,000, or $250,000 account, traders may also be invited for an interview with the Axe Trader team, potentially leading to a permanent trading role either in London or on the picturesque beaches of Cancun.

Profit Splits

The profit split structure for Axe Trader varies depending on the account status:

• Evaluation Phase: Traders receive an 80/20 profit split during the evaluation period.
• Funded Axe Accounts: The profit split starts at 70/30 but can improve to 90/10 as traders progress.
• Maximum Profit Split: Achieving and maintaining a 10% monthly profit target for six consecutive months allows traders to earn a 100% profit split with no deductions.

Which Broker Does Axe Trader Use?

In this section of the Axe Trader review, we look at the brokerage partnership that supports its trading activities. Axe Trader has partnered with ThinkMarkets, a reputable online brokerage known for offering a wide range of trading assets. ThinkMarkets operates from headquarters in both London and Melbourne, providing fast and efficient access to diverse markets. They support popular trading platforms such as MetaTrader 4, MetaTrader 5, and their proprietary ThinkTrader platform. For trading platforms, Axe Trader offers its users the flexibility to trade on DXtrade, cTrader, and Match-Trader, catering to various trading preferences and styles.

Trading Instruments at Axe Trader

Axe Trader, in partnership with ThinkMarkets, provides access to a wide array of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies. Leverage can go up to 1:30, depending on the specific funding program and the trading instrument chosen. Below is an overview of the available trading instruments.

Forex Pairs

Axe Trader offers a broad selection of currency pairs for forex trading, including major, minor, and some exotic pairs. Here are the available forex pairs:

• AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/CZK
• EUR/GBP, EUR/HUF, EUR/JPY, EUR/NOK, EUR/NZD, EUR/PLN, EUR/SEK, EUR/SGD, EUR/TRY, EUR/USD, EUR/ZAR
• GBP/AUD, GBP/CAD, GBP/CHF, GBP/HUF, GBP/JPY, GBP/NZD, GBP/USD, GBP/ZAR, NZD/CAD, NZD/CHF, NZD/JPY, NZD/USD
• USD/BRL, USD/CAD, USD/CHF, USD/CNH, USD/HKD, USD/HUF, USD/JPY, USD/MXN, USD/NOK, USD/PLN, USD/SEK, USD/SGD

Commodities

For traders interested in commodities, Axe Trader provides access to a variety of options, including energy products and precious metals:

• BRENT, COPPER, CORN, NGAS, SOYBEANS, WHEAT, WTI, XAG/USD (Silver), XAU/USD (Gold), XPT/USD (Platinum)

Indices

Traders can also engage in trading a range of global indices, offering opportunities to speculate on the performance of various markets worldwide:

• AUS200, CHINA50, ESTX50, FRA40, GER40, HK50, JPN225, NAS100, SPAIN35, SPX500, TAIEX, UK100, US2000, US30, USDINDEX, VIX

Cryptocurrencies

Axe Trader includes a selection of popular cryptocurrencies, providing opportunities for trading digital assets alongside traditional markets:

• ADA/USD, ALGO/USD, ATOM/USD, AVAX/USD, BAT/USD, BCH/USD, BNB/USD, BTC/USD, DASH/USD, DOGE/USD, DOT/USD, EOS/USD
• ETH/USD, LINK/USD, LTC/USD, MANA/USD, MATIC/USD, OMG/USD, SAND/USD, SOL/USD, UNI/USD, XLM/USD, XMR/USD, XRP/USD
• XTZ/USD, ZEC/USD

With this variety of trading instruments, Axe Trader caters to the diverse interests and strategies of traders, whether they prefer forex, commodities, indices, or cryptocurrencies.

Trading Platforms at Axe Trader

Axe Trader offers its clients access to a variety of well-known trading platforms, including CTrader, DXtrade, and Match-Trader. These platforms provide users with comprehensive functionality and convenience, catering to the diverse needs of traders at all levels. Each platform offers unique features designed to enhance the trading experience, ensuring that Axe Trader clients can trade efficiently and effectively.

Trading Fees

Axe Trader is known for its competitive trading fees, making it an attractive choice for cost-conscious traders. Below is a breakdown of the trading commissions for various instruments:

These competitive commission rates make Axe Trader an appealing choice for traders looking to minimize their trading costs across various asset classes.

Axe Trader: Step-by-Step Account Opening Process

Opening an account with Axe Trader is a straightforward process designed to be completed in just a few minutes. Here’s a step-by-step guide to getting started with Axe Trader:

Step 1: Registration

Begin by filling out the registration form with your personal details. After submitting the form, log in to the trading dashboard to complete the registration process. This step officially makes you a member of Axe Trader.

Step 2: Select Your Account

Choose your preferred account type from the available options. You can select the broker, trading platform (CTrader, DXtrade, or Match-Trader), account size, and any add-on features that suit your trading needs.

Step 3: Apply Discount Code

If you have a discount code, you can apply it during this step to benefit from any available promotions. If you do not have or need a discount, you can simply decline this option.

Step 4: Choose Your Payment Method

Select your preferred payment method to fund your account. Options include using a credit or debit card or paying via cryptocurrency. Complete your payment to finalize the account opening process. With these simple steps, you can quickly and easily open an account with Axe Trader and start trading in no time.

Payment Methods at Axe Trader Prop Firm

Axe Trader offers a variety of payment methods to ensure clients can easily deposit and withdraw funds using their preferred option. The available payment methods include:

• Cryptocurrency: Allows for quick and secure transactions.
• PayPal: A widely recognized and convenient online payment platform.
• Credit and Debit Cards: Accepts all major credit and debit cards for both deposits and withdrawals.

This range of options ensures flexibility and convenience, allowing clients to choose the method that best suits their needs.

Customer Support at Axe Trader

Axe Trader places a strong emphasis on providing high-quality technical support to its clients. The company offers a variety of communication channels to assist users, including:

• Telephone: Direct phone support for immediate assistance.
• Email: Contact via email for detailed inquiries or support requests.
• Discord: Community and support through Discord for real-time communication.
• Live Chat: Available 24/7, providing round-the-clock assistance in English, which is convenient for international clients.

This comprehensive support system ensures that clients can receive help whenever they need it, making the trading experience smoother and more reliable.

Conclusion of Our Review on Axe Trader

Axe Trader stands out with its strong focus on enhancing the trader experience, particularly through its upcoming Professional Trader Dashboard, which aims to provide a streamlined and user-friendly interface to boost trading efficiency. Unlike many traditional prop firms, Axe Trader does not enforce any maximum or minimum trading day requirements, offering traders the flexibility to adapt their trading activity according to their preferences and market conditions. Axe Trader’s profit-sharing model is notably generous, offering traders a profit split ranging from 80% to 100%.

The firm’s open approach caters to all trading styles, whether you’re a scalper, swing trader, or prefer news trading. With no restrictions on trading styles, traders can confidently implement their strategies, knowing that Axe Trader supports a wide range of trading preferences. Beyond trading opportunities, Axe Trader provides access to exciting global prospects, including the potential for full-time trading in vibrant locations such as London or Cancun, Mexico. This unique feature not only enhances the trading experience but also adds a desirable lifestyle element.

In addition to its robust trading infrastructure, Axe Trader goes the extra mile by offering resources through Axe TraderHub, an excellent center for educational materials and support. Traders also benefit from access to trading psychologists, ensuring comprehensive support throughout their trading journey. For traders seeking a prop firm that combines integrity, innovation, flexibility, and profitability, Axe Trader is an ideal choice. With its strong reputation, diverse product offerings, and unwavering commitment to trader success, Axe Trader sets a high standard in the prop trading industry.