Axe Trader Prop Firm was established in 2023 and has attracted the attention of many traders with its unique features, including 100% profit split. Axe Trader Prop allows trading in forex, commodity, indices, and crypto markets and has three challenges [Single Axe, Funded Axe, and Double Axe].
In the "Axe Trader Funding Review" article, we are going to check this new prop firm from A to Z; Stay with us.
Axe Trader Company Information
Axe Trader is a cutting-edge proprietary trading firm that provides aspiring traders with funded accounts and evaluation services. Founded in 2023 and headquartered in London, UK, Axe Trader has quickly established itself as a player to watch in the prop trading space. Here are some key facts about Axe Trader:
- Offers funded accounts starting at just $98 [$74 with discount]
- Generous profit splits ranging from 80% to 100%
- Evaluation process designed to build good trading habits
- "Double Axe" promotion allows two evaluation attempts for the price of one
- Partners with ThinkMarkets as their broker
- Led by CEO Rick Knight, who brings 30+ years of trading experience
Axe Trader aims to empower traders by giving them access to significant capital, advanced tools, and a supportive community. Their focus on trader development and transparent policies sets them apart in the competitive prop firm landscape.
Axe Trader Prop Firm Specifications
Let's take a closer look at the key specifications of Axe Trader's prop firm:
Account Currency | USD |
Minimum Price | $48 |
Maximum Leverage | 1:30 |
Maximum Profit Split | 100% |
Instruments | Forex, Crypto, Commodities, Indices |
Assets | +50 |
Evaluation Steps | 3 |
Trading Platform | MT4, MT5, cTrader, Match-Trader, DXtrade |
Withdrawal Methods | Cryptocurrencies, Credit/Debit Cards |
Maximum Fund Size | $250,000 |
First Profit Target | 5% |
Maximum Daily Loss | 5% |
Challenge Time Limit | Unlimited |
News Trading | Yes |
Maximum Total Drawdown | 10% |
Commission Per Round Lot | Not Provided |
Trust Pilot Score | 4.3 out of 5 |
Payout Frequency | 8 Days |
Established Country | UK |
Established Year | 2023 |
Axe Trader offers a range of account sizes to suit different trading styles and experience levels. The leverage of up to 1:20 allows traders to potentially amplify their profits. However, strict risk management rules are in place to protect both the trader and the firm.
Perhaps most impressively, Axe Trader offers profit splits of up to 100%, allowing top-performing traders to keep all of their trading gains. This incentive structure is designed to attract and retain skilled traders who can consistently generate profits.
Pros & Cons
Like any prop firm, Axe Trader has its strengths and weaknesses. Let's review what are those; Axe Trader Pros & Cons:
Advantages | Disadvantages |
Multiple Funding Programs | Max leverage of 1:20 for evaluations, 1:30 for 2-phase challenge |
No minimum trading days or trade requirements | Daily loss limits of 3-4% and cumulative loss limits of 6-10% |
Earn up to 100% of your profits | As a newer firm, Axe Trader doesn't have a long-established reputation yet |
Potential to trade full-time in locations like London or Cancun | |
Access to Axe TraderHub for learning and support | |
First payout within 8 days, then weekly payouts available | |
Increase account size by 25% every 3 months with consistent performance |
Overall, Axe Trader offers an attractive package for traders seeking generous profit splits and growth opportunities. The firm's focus on education and trader development is commendable, though the strict risk management rules may be challenging for some traders to navigate.
Funding and Price in Axe Trader
Axe Trader offers $5000 to $250000 [Scalable up to $1 million] accounts and their price varies by funding. Axe Trader Funding and Price:
- | Single Axe | Funded Axe | Double Axe |
$2500 | Not Provided | $98 | Not Provided |
$5000 | $48 | $198 | $98 |
$10000 | $98 | $298 | $198 |
$25000 | $198 | $698 | $298 |
$50000 | $298 | Not Provided | $398 |
$100000 | $598 | Not Provided | $698 |
$150000 | $998 | Not Provided | $1098 |
$250000 | $1498 | Not Provided | $1698 |
Account sizes range from $2,500 to $250,000, with the potential to scale up even further based on performance. Traders can keep up to 100% of their simulated profits, making Axe Trader one of the most generous prop firms in terms of profit-sharing.
Axe Trader Prop Firm Sign Up: Step-by-Step Guide!
Ready to get started with Axe Trader? Here's a step-by-step what you need yo know; Axe Trader Sign Up:
- Visit the Axe Trader website and click "Sign In"
- Scroll the page and click on āCreate an accountā
- Fill the sign-up form with needed information (Name and Surname, Date of Birth, Email, Username, Phone Number, Country and Password)
- Submit any required KYC (Know Your Customer) documents
- Choose your preferred challenge type
- Select your desired account size and leverage
- Make your payment for the chosen challenge
- Once approved, you'll receive login credentials for the trading platform
- Start trading on your evaluation or funded account!
Remember to carefully review all rules and guidelines before beginning your challenge. Axe Trader has strict policies against prohibited trading practices, so it's crucial to understand and follow their rules to avoid disqualification.
What are Challenges in Axe Trader?
As you read in Axe Trader funding review, there are 3 Plans offered by the firm and two of them [Signle Axe & Double Axe] has Two steps. Axe Trader Prop Plans:
Single Axe
- | One Step | Two Step | |||
Step 1 | Axe Trader | Step 1 | Step 2 | Axe Trader | |
Profit Target | 10% | Up to 100% Payout | 8% | 5% | Up to 100% Payout |
Minimum Trading Days | 0 Days | None | 0 Days | 0 Days | None |
Maximum Trading Days | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
Daily Loss | 4% | 4% | 5% | 5% | 5% |
Max Drawdown | 6% | 6% | 10% | 10% | 10% |
Funded Axe
- | Axe Trader |
Profit Split | Up to 100% Payout |
Maximum Trading Days | Unlimited |
Daily Loss | 3% |
Max Drawdown | 6% |
Double Axe
- | One Step | Two Step | |||
Step 1 | Axe Trader | Step 1 | Step 2 | Axe Trader | |
Profit Target | 10% | Up to 100% Payout | 8% | 5% | Up to 100% Payout |
Minimum Trading Days | 0 Days | None | 0 Days | 0 Days | None |
Maximum Trading Days | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
Daily Loss | 4% | 4% | 5% | 5% | 5% |
Max Drawdown | 6% | 6% | 10% | 10% | 10% |
Axe Trader's evaluation process is designed to be transparent and trader-friendly. The lack of time restrictions allows traders to develop their strategies at their own pace, while the profit targets and risk management rules encourage disciplined trading habits.
Is There any Bonus Offered by Axe Trader?
Axe Trader offers several ways for traders to save money and maximize their value; Axe Trader Bonus and Discount:
- "ATH" Discount Code: Use code "ATH" for a generous 25% discount on all Axe Trader evaluations and challenges.
- Double Axe Promotion: Get two evaluation attempts for the price of one, providing a valuable second chance if your first attempt falls short.
- Seasonal Sales: Keep an eye out for special promotions during holidays and other key periods.
- Bundle Deals: Sometimes Axe Trader offers discounts when purchasing multiple challenges or larger account sizes.
- Referral Program: Earn rewards by referring new traders to Axe Trader.
By taking advantage of these discounts and promotions, traders can significantly reduce their costs and increase their chances of success with Axe Trader.
What Platforms Does Axe Trader Support?
Axe Trader has recently expanded its platform offerings to include:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- cTrader
- Match-Trader
- DXtrade
The addition of MT4 and MT5 is particularly noteworthy, as these platforms are widely popular among traders. This expansion makes Axe Trader's platform selection one of the most comprehensive in the prop trading industry.
What Instruments are Tradable on Axe Trader?
Axe Trader offers a diverse range of tradable instruments across various asset classes:
- Forex: Major, minor, and exotic currency pairs;
- Indices: Popular global stock indices;
- Commodities: Including precious metals and energy products;
- Cryptocurrencies: Major crypto currencies.
What Payment Methods are available in Axe Trader?
Axe Trader offers several convenient payment options for deposits and withdrawals:
- Cryptocurrency: Fast and secure transactions using Bitcoin, USDC, Litecoin and Ethereum;
- Credit/Debit Cards: VISA and MasterCard accepted for both deposits and withdrawals.
Fees & Costs
Axe Trader prides itself on transparency when it comes to fees and costs. Here's what you need to know:
- No hidden fees or commissions on trades;
- One-time fee for purchasing evaluation or funded accounts;
- No monthly subscription fees;
- Swap fees apply for positions held overnight;
- Withdrawal fees may vary depending on the chosen payment method;
- Account charge for trading Forex and Commodities.
It's important to note that while there are no direct trading costs, the firm's profit from successful traders comes from their share of the profit split (which can be as low as 0% for top performers).
Axe Trader Educational Resources
Axe Trader demonstrates a strong commitment to trader education and development by providing diverse educational resources.
- Axe TraderHub: A comprehensive resource center with educational materials and trading insights
- Trading Psychologists: Professional support to help traders navigate the psychological aspects of trading
- Regular Webinars: Expert-led sessions on various trading topics
While the exact depth and breadth of these resources may vary, Axe Trader's focus on education is commendable. This emphasis on trader development can be particularly valuable for those new to prop trading or looking to refine their skills.
Trust Scores
Axe Trader's reputation on Trustpilot is mixed, reflecting the diverse experiences of its users:
- Overall Rating: 4.3 out of 5 based on more than 35 reviews;
- Positive Reviews: Responsive customer service, Fast payouts, User-friendly platform and Trustworthy prop firm experience;
- Negative Reviews: Issues with profit withholding related to drawdown levels and Delayed withdrawal resolutions.
It's worth noting that Axe Trader doesnāt have Trust Score on other websites such as Reviews.io and PropFirmMatch.
Axe Trader Support
Axe Trader provides multiple support channels to assist traders:
Discord Community:
- Over 7,000 members
- 24/7 support and live chat
- Announcements, FAQs, and general discussions
- Payout proofs channel for transparency
Live Chat:
- Provided on the Website
Email Support:
- Available Monday to Friday, 8 am to 8 pm EST
Ticket:
- Available on the Website
- Responses from Monday to Friday, 8 am to 8 pm EST
Axe Trader's focus on community-based support through Discord is particularly noteworthy, as it allows traders to connect, learn, and receive assistance around the clock.
Axe Trader Prop on Social Media
In Axe Trader Funding Review, we noticed that the company maintains an active presence across various social media platforms:
- X (Twitter): https://x.com/AxeTraderHub
- Instagram: https://www.instagram.com/axe.traderhub/
- YouTube: https://www.youtube.com/@AxeTraderHub
- Facebook: https://www.facebook.com/AxeTraderHub
- Discord: https://discord.com/invite/axetrader
- TikTok: https://www.tiktok.com/@axetraderhub
It's worth noting that Axe Trader recently acquired The Forex Funder (TFF), which has a significant social media following:
- X (Twitter): 126K+ followers
- Instagram: 81.6K followers
- Telegram: 10.5K members
- YouTube: 10.2K subscribers
- TikTok: 5.4K followers
This acquisition may expand Axe Trader's social media reach and influence in the prop trading community.
Trading Finder Expert Suggestions
Axe Trader is a British prop trading platform that provides traders with capital from $5,000 to $250,000. Despite its short history, this platform has built a decent reputation.
Still, it has some disadvantages, such as low maximum leverage [1:30], which should be addressed in the future. In the end, the choice is yours. Will you use the services of this Prop Firm after reading Axe Trader Funding Review?
