Axe Trader Review
Axe Trader Ltd., established on December 28, 2023, is a proprietary trading firm based in London, UK. Under the leadership of CEO Rick Knight, the company offers traders a selection of three distinct account types: a two-step evaluation, a one-step evaluation, and an instant funding program. Axe Trader has partnered with ThinkMarkets to serve as their brokerage firm, enhancing the trading options available to its clients.
- Platforms for Prop Trading: DX Trade, cTrader, Match Trader
- Profit Share of 80% up to 100%
- Leverage up to 1:30
- First Payout After 8 Days
- Scaling Plan (Up to $5,000,000)
- No Minimum Trading Day Requirements
- No Maximum Trading Day Requirements
Go to the Axe Trader website >>>
Axe Trader Funding Programs
Axe Trader offers its traders several funding programs, which differ little from the programs of other Prop Firms, however, they still allow them to achieve payment of bonuses for trading achievements. We invite you to familiarize yourself with the Axe Trader rules, the implementation of which will determine your results:
No Evaluation Axe Trader Funding Program
When you opt for the No Evaluation purchase, you receive a funded account that comes with:
Maximum Daily Loss: Traders are limited to a maximum daily loss of 4% across all account sizes. This is the highest permissible loss in a single trading day without violating the account's conditions.
Maximum Loss: There is an overall maximum loss limit of 6% applicable to all account sizes. This rule sets the total allowable loss before the account is considered breached.
No Expert Advisors: The use of Expert Advisors (EAs) is strictly prohibited. Traders must conduct their trading activities without the assistance of automated systems or algorithms designated as Expert Advisors.
Cost No Evaluation of the Ax Trader program:
- $5,000 - $198
- $10,000 - $278
- $25,000 - $378
One-step Evaluation Axe Trader Funding Program
When you opt for the One-step Evaluation purchase, you receive a funded account that comes with:
- Profit Target: During the evaluation phase, traders are required to achieve a specific profit target of 10% to successfully complete the phase, withdraw earnings, or qualify for scaling up their trading account. Funded accounts, however, do not have a designated profit target.
- Maximum Daily Loss: The maximum allowable loss in a single trading day is capped at 4% for all account sizes. Exceeding this limit will result in a breach of the account terms.
- Maximum Loss: The total loss threshold is set at 6% across all account sizes. Reaching this limit constitutes a breach of the account.
- No Expert Advisors: The use of Expert Advisors (EAs) is strictly forbidden. Traders must execute their trades manually, without the assistance of these automated trading systems.
Cost One-step Evaluation of the Ax Trader program:
- $5,000 - $98
- $10,000 - $198
- $25,000 - $298
- $50,000 - $398
- $100,000 - $598
- $150,000 - $998
- $250,000 - $1,598
Two-step Evaluation Axe Trader Funding Program
When you opt for the Two-step Evaluation purchase, you receive a funded account that comes with:
Profit Target: During the evaluation phases, traders are tasked with reaching specific profit targets. For Phase 1, the profit target is set at 8%, and for Phase 2, it is reduced to 5%. These targets must be met to successfully complete each phase, access withdrawals, or scale up the trading account. Funded accounts are not subject to any predetermined profit targets.
Maximum Daily Loss: There is a maximum daily loss limit of 5% across all account sizes. Exceeding this percentage in a single trading day will result in breaching the account's terms.
Maximum Loss: The overall loss limit is capped at 10% for all account sizes. Breaching this limit constitutes a violation of the account agreement.
No Expert Advisors: The use of Expert Advisors (EAs) is strictly prohibited. Traders are required to conduct their trades manually, without the aid of these automated systems.
Cost One-step Evaluation of the Ax Trader program:
- $5,000 - $98
- $10,000 - $198
- $25,000 - $298
- $50,000 - $398
- $100,000 - $598
- $150,000 - $998
- $250,000 - $1,598
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Our opinion about Axe Trader Prop Firm
Ax Trader's rating on Trustpilot is high and is 4.9 out of 5. This probably indicates the honesty of this Prop Firm. And if you are a cool trader who prefers manual trading, then you will really, really like this company. But if you want to trade with the help of expert advisors (as more than 80% of Fund traders do), then Ax Trader is definitely not suitable for you for the following reasons:
There are no MT4 and MT5 platforms on this site. In return, the broker offers DX Trade, cTrader and Match Trader. You won't find good trading robots for these platforms.
Another bad news Ax Trader rules strictly prohibit the use of expert advisors. If you want to break this rule, the Prop Firm will immediately notice this and immediately cancel your trading successes.
As a result, our opinion is clear - if you want to participate in proprietary trading with the help of expert advisors, then Ax Trader is not for you. If you know how to trade well using manual trading strategies, then of course you can try this company. However, keep in mind that you will not find good proprietary indicators for these platforms (DX Trade, cTrader and Match Trader).