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Axon Markets Review
Axon Markets is a Seychelles FSA licensed CFD broker known for its live spread comparison tool. Japan once listed it as unregistered under an earlier company name.
Min Deposit
$10
Spreads From
0.0 pips on the Raw Spread account, plus a $6 per lot commission
Max Leverage
1:2000 (LeveragePlus account, dynamic tiers)
Platforms
MetaTrader 5, FIX API
Pros
- Holds a Seychelles FSA Securities Dealer license, number SD115
- Free axonLab tool shows live spread comparisons against other brokers
- Low entry cost with a LeveragePlus account minimum deposit of 10 dollars
- Offers MetaTrader 5 and FIX API for institutional style execution
- Negative balance protection applies automatically to every account
Cons
- Seychelles FSA gives lighter oversight than the FCA or ASIC
- Japan once listed the same license as unregistered under an earlier company name
- Independent review sites report complaints about bonus terms and slow support replies
- Leverage up to 1:2000 on the LeveragePlus account raises the risk of large losses
Axon Markets began offering CFDs in 2023. It trades under Axon Markets Ltd, based in Mahe, Seychelles, and holds Securities Dealer License SD115 from the Seychelles FSA. In October 2024, Japan's FSA listed the same license as unregistered under an earlier company name, Little Black Diamond Ltd, for soliciting Japanese residents without local registration.
The broker offers four account types on MetaTrader 5 and FIX API. The LeveragePlus account needs only 10 dollars and allows leverage up to 1:2000. Standard and Prime accounts cap leverage at 1:500, and the Raw Spread account charges 6 dollars per lot instead of a wider spread. axonLab shows live spread comparisons against other brokers.
The Seychelles FSA gives lighter oversight than regulators such as the FCA or ASIC. Independent review sites report mixed feedback about bonus terms and slow support replies. Axon Markets does not accept clients from the United States, Iran, North Korea, and other restricted countries.
Min. Deposit
USD 10
Max Leverage
1:2000 (LeveragePlus account, dynamic tiers)
Spreads From
0.0 pips on the Raw Spread account, plus a $6 per lot commission
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
