During our latest checkup on the prop firm's website, we discovered that the website is not accessible through its main address; instead, it is accessible via a subdomain. We do not approve or deny any implication that this change might have.
Axe Trader Prop Firm provides 3 challenges [Single Axe, Funded Axe, Double Axe] with features like 100% profit split. Axe Trader allows news trading and offers a maximum drawdown of 10%. Besides these, there is no limit on challenge times.
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 $48
- 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 | One Step, Two Steps |
Trading Platform | cTrader, Match-Trader, DXtrade |
Withdrawal Methods | Cryptocurrencies, Credit/Debit Cards |
Maximum Fund Size | $1,000,000 |
First Profit Target | 8% |
Maximum Daily Loss | 5% |
Challenge Time Limit | Unlimited |
News Trading | Yes |
Maximum Total Drawdown | 10% |
Commission Per Round Lot | $7 |
Trustpilot 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 | Daily loss limits of 3-5% and cumulative loss limits of 6-10% |
No minimum trading days or trade requirements | As a newer firm, Axe Trader doesn't have a long-established reputation yet |
Earn up to 100% of your profits | - |
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 $5,000 to $250,000 [Scalable up to $1 million] accounts, and their price varies by funding. Axe Trader Funding and Price:
- | Single Axe | Funded Axe | Double Axe |
$5,000 | $48 | $98 | $98 |
$10,000 | $78 | $178 | $128 |
$25,000 | $198 | $378 | $248 |
$50,000 | $298 | Not Provided | $348 |
$100,000 | $498 | Not Provided | $548 |
$150,000 | $898 | Not Provided | $948 |
$250,000 | $1,498 | Not Provided | $1,548 |
Axe Trader Prop Firm Sign Up: Step-by-Step Guide!
Currently, it is not possible to register as a new user with the prop firm. Clicking on the "Get Funded" button on Axe Trader's website leads you to a webpage showing a 521 error code, preventing traders from buying a challenge or opening an account.
What are the Challenges in Axe Trader?
As you read in the Axe Trader funding review, there are 3 Plans offered by the firm, and two of them [Single Axe & Double Axe] have 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?
Prop firms tend to apply discounts on their challenge fees as a promotional offer to traders. Axe Trader does it; currently, prices are at a discount compared to their usual levels.
Aside from that, no other bonuses are provided by this prop firm.
Axe Trader Rules
The prop firm is pretty straightforward in explaining its trading rules for potential parters:
- VPN usage is monitored; geo-IP mismatches may lead to disqualification;
- Hedging and the use of Expert Advisors (EAs) are strictly prohibited;
- Martingale and gambling-based strategies are banned;
- News trading is allowed but carries risk and strict compliance requirements.
What Platforms Does Axe Trader Support?
This prop firm provides access to a decent selection of 3 platforms:
- cTrader
- Match-Trader
- DXtrade
These three are among the most popular options for prop trading and are taken by many prop firms in the industry. Download them for your phone here:
What Instruments are Tradable on Axe Trader?
Axe Trader offers a diverse range of tradable instruments across various asset classes:
- Forex Market: Major, minor, and exotic currency pairs
- Indices: Popular global stock indices
- Commodities: Including precious metals and energy products
- Cryptocurrencies: Major crypto assets
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's website does not reveal much regarding the general costs of working with the prop firm. It does not indicate the amount or the existence of deposit/withdrawal fees, and, for swap fees, it's only stated that they are applied to accounts.
For trading commissions, the AT says that a $7 per round lot fee is charged "only for Forex and metals".
Axe Trader Educational Resources
The prop firm offers very little in terms of educational services, publishing only three blog articles related to props.
Trust Scores
Axe Trader's reputation on Trustpilot is mixed, reflecting the diverse experiences of its users:
- Axe Trader Trustpilot 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 doesn’t have a trust score on other websites such as Reviews.io and PropFirmMatch.
Axe Trader Support
At the time of writing this article, Axe Trader does not perform well in providing support channels, with only a Discord server, which has fewer than 50 members. Most prop firms provide at least an email address or a ticket system for contacting the support team.
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:
- Axe Trader Facebook
- Axe Trader Discord
- Axe Trader Tik Tok
- X (Twitter)
- YouTube
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.
Comparison Table
Axe Trader is compared to its prominent competitors in the prop trading industry:
Parameters | Axe Trader Prop Firm | Alpha Capital Group Prop Firm | FundedNext Prop Firm | Blue Guardian Prop Firm |
Minimum Challenge Price | $48 | $97 | $32 | $67 |
Maximum Fund Size | $1,000,000 | $200,000 | $4,000,000 | $2,000,000 |
Evaluation steps | 1-Step, 2-Step | 1-Step, 2-Step | 1-Step, 2-Step | 1-phase, 2-phase, 3-phase |
Profit Share | 100% | 80% | 95% | Up to 90% |
Max Daily Drawdown | 5% | 5% | 5% | 4% |
Max Drawdown | 10% | 10% | 10% | 10% |
First Profit Target | 8% | 5% | 8% | 6% |
Challenge Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
Maximum Leverage | 1:30 | 1:100 | 1:100 | 1:100 |
Payout Frequency | 8 Days | Bi-weekly | From 5 Days | 14 Days |
Number of Trading Assets | 50+ | 40 | 78 | N/A |
Trading Platforms | cTrader, Match-Trader, DXtrade | MetaTrader 5, cTrader, Dxtrade | MT4, MT5, cTrader, MatchTarder | MatchTrader, Tradelocker, MT5 |
TradingFinder Expert Suggestions
Axe Trader British prop firm provides capital from $5,000 to $250,000. Payout frequency in Axe Trader prop is 8 days ,and 50 assets are available to trade. It has some disadvantages too, such as low maximum leverage [1:30].