Company Background: Axe Trader Ltd., based in London, UK, offers traders the opportunity to trade with minimal personal risk. Established in December 2023, it provides funded accounts starting at $98, with traders able to keep up to 100% of simulated profits.
Year Established: Since December 2023
Head Office Location: London, UK
Prohibited Countries: Unspecified
Associated Brokers: Yes, associated with Liquidity Providers and ThinkMarkets
Evaluation Description: Axe Trader offers three funding programs: One Phase Challenge, Two Phase Challenge, and Instant Funding. Traders must meet specific profit targets and risk management rules to qualify for funding.
Funded Trader Benefits: Funded traders receive flexible payout options, weekly payouts starting after 8 trading days, and profit split percentages starting at 80% and potentially increasing to 100%.
Profit Split: 80% initially, can increase to 90% or 100% based on performance
Account Size (USD): N/A
Max Trading Days: N/A
Min Trading Days: N/A
Max Daily Loss: 5%
Max Total Loss: 10%
Profit Target: 5%
Challenge Fee (USD): $48 to $1,698 depending on account size
Fee Refundable: No
News Trading Allowed: Yes
EAs Allowed: No
Copy Trading Allowed: No
Describe Scaling Plan: Traders maintaining a 10% monthly profit can scale their accounts by 25% every 90 days
Scaling Plan Requirements: Maintain a 10% monthly profit
Min Months Prior to Scaling: 3 months
Total Minimum Profit Percentage Achieved: 10% monthly
Positive Account Balance Required: Yes
Increased Profit Split: Yes, up to 100%
Max Account Value: Up to $5 million
Trading Platforms Used: MatchTrader, cTrader, DXTrade
Tools & Services Provided by the Prop Firm: Real-time market analysis, one-on-one mentorship, educational materials
Prop Firm Trading Educational Material Provided: N/A
Testimonials: Trustpilot rating of 4.5/5 based on 51 reviews
Trustpilot Rating: 4.5
Number of Trustpilot Reviews: 51
Prop Firm Social Presence: Facebook, Instagram, Twitter, TikTok, YouTube, Discord
Online Opinion of Prop Firm: Axe Trader appears trustworthy with a good Trustpilot rating and comprehensive support for traders