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Contract reading

What Axion Trade legally published, but does not want you to read

Every clause below is published by Axion Trade itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Axion Trade Limited

marketing mismatchsole discretionhidden feeno compensation schemeprofit voidingunilateral amendmentabusive tradingbonus lockclient moneycomplaint deadline

Axion Trade promises negative balance protection on every account page. Its contract makes you liable for any shortfall. Clause 21.3 lets it close your account without notice and reverse every trade you have made. Nothing in 40 pages says when a withdrawal has to be paid.

Back to Axion Trade

Contract risk

Money at risk
8.3/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
6
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
18
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
16
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
12

How the 18 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical6
Warning11
Notice1

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

1 of these 4 figures comes from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical19In the contract. Jump to the clause this comes from.Site sells in Japanese while its terms exclude Japan$4Fee you were not shown. Jump to the clause this comes from.Commission free trading that charges $4 a lot$10Fee on an unused account. Jump to the clause this comes from.A $10 yearly fee after 12 months without a trade60 working daysTime to complain. Jump to the clause this comes from.Sixty business days for a final answer on a complaint

What the documents say

18 clauses worth knowing about, worst first, each quoted from Axion Trade's own files

01

Axion Trade tells you on every account page that it covers any negative balance. The Client Services Agreement says the opposite. Clause 2.3.k makes you liable for the shortfall after your positions are closed at a loss.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A bad gap in the market can leave your account below zero, and Axion Trade can then come to you for the difference. The promise that made you feel safe is not in the document you accepted.

Exhibit 1CriticalHarder than usual

Failure to do so within the required time may result in the liquidation of positions at a loss and the Client will be liable for any resulting deficit.
Clause 2.3.k in Axion Trade Limited Client Services Agreement, p.4
Read from the broker's site on Archived copyOpen the reference
Our own capture of axiontrade.net, taken on Sep 30, 2026The claim, on X300 account page, Account Settings table, Negative Balance Protection rowVisit this page on the broker's siteDownload the full size image file
Our own capture of axiontrade.net, taken on Sep 30, 2026What the contract says, clause Risk Warning, site footerVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA or CySEC must give retail clients negative balance protection, so a client cannot lose more than the money in the account. This contract makes you liable for any resulting deficit instead.

Axion Trade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

02

Axion Trade publishes its website in 19 languages, including a full Japanese version with a sign-up button. Its own Terms of Use say the services are not directed at residents of Japan. The Japanese page carries both.

Why this matters

Open an account from Japan and Axion Trade has already written down that it does not solicit you. That sentence is what it can point to later, and the only court open to you sits in the Seychelles.

Exhibit 2CriticalHarder than usual19

The services of Axion Trade and the information on this site are not directed at citizens/residents of Japan, Hong Kong, Singapore, the United Kingdom and the United States.
Clause Intended Users and Exclusion of Services in Terms Of Use
Read from the broker's site on Open the reference
Our own capture of axiontrade.net, taken on Sep 30, 2026The claim, on Japanese homepage headline, above the Start Trading and Sign Up buttonsVisit this page on the broker's siteDownload the full size image file
Our own capture of axiontrade.net, taken on Sep 30, 2026What the contract says, clause Intended Users and Exclusion of ServicesVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FSA (Japan)

Firms that market retail currency trading to residents of Japan must be registered with Japan's Financial Services Agency. Axion Trade publishes a Japanese version of its site and states in its Terms of Use that its services are not directed at residents of Japan.

Axion Trade is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

03

Axion Trade advertises four layers of fund safety, with insurance of up to $10 million per client. Clause 7.3 says you have no claim on any specific sum if the firm holding your money becomes insolvent. Axion Trade accepts no liability for that loss.

Why this matters

Your money can sit with a third party that fails. The contract leaves you no claim to a particular account and none against Axion Trade. The insurance sits outside the contract, so nothing you signed promises you a payout.

Exhibit 3CriticalHarder than usual$10000000

The third party to whom the Company will pass money may hold it in an omnibus account and it may not be possible to separate it from the Client's money, or the third party's money in which case the Client will not have any claim against a specific sum in a specific account in the event of insolvency. The Company does not accept any liability or responsibility for any resulting losses.
Clause 7.3 in Axion Trade Limited Client Services Agreement, p.10
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Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must hold retail client money in segregated accounts and belong to a compensation scheme that pays out if the firm fails. Clause 7.1 here promises segregation, clause 7.3 removes your claim to a specific sum, and no compensation scheme is named in any document.

Axion Trade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 12One clause removes your claim on the money, the other removes your claim against the firm that placed it there.
04

Axion Trade can end your account with no notice and undo every trade on it. Clause 21.3 allows that where your trading activity affects the platform in any manner. The contract never defines that test.

Why this matters

Months of profit can be cancelled on a judgement Axion Trade makes alone. The clause asks for no proof, no warning and no chance to answer before your trades are reversed.

Exhibit 4CriticalRarely seen

The Company may terminate this Agreement immediately without giving prior written notice, and the Company have the right to reverse and/or cancel all previous Transactions on a Client's account, in the following cases:
Clause 21.3 in Axion Trade Limited Client Services Agreement, p.24
Read from the broker's site on Archived copyOpen the reference

Our readingMost agreements let a firm void specific trades it can show were abusive. This clause reaches all previous transactions on the account, and its trigger is the effect on the platform rather than anything you were told not to do.

  • Worse together with Exhibit 5One clause voids the trades it calls abusive, the other voids everything on the account.
  • Worse together with Exhibit 12The liability clause says using this power is not something Axion Trade can be liable for.
05

Nothing in the agreement says how long Axion Trade has to pay you. Clause 7.6 lets it refuse the method you chose and ask for more documents while your request is open. If it is not satisfied, it reverses the withdrawal and your bank charges fall on you.

Why this matters

Your withdrawal can sit unpaid with no date by which it must be met. Clause 25.1 also lets Axion Trade net off anything it says you owe, without telling you, and clause 25.3 leaves it deciding whether your heirs are ever paid.

Exhibit 6CriticalHarder than usual

The Company reserves the right to decline a withdrawal with a specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request.
Clause 7.6 in Axion Trade Limited Client Services Agreement, p.10
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Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must pay a retail client's withdrawal promptly and must be able to show the money was available to return. This agreement sets no period at all for paying you.

Axion Trade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

06

Axion Trade heads its Standard account page with commission free trading. The same page then charges $4 per standard lot on forex and commodities, and 0.02% on indices. The contract's own fee list allows commission only on futures and share CFDs.

Why this matters

Ten standard lots a month costs you $40 that the heading above the table says you do not pay. The contract you accept does not provide for a commission on forex at all.

Exhibit 7WarningHarder than usual$4

Commission (applicable only to CFDs on futures and CFDs on shares) This is the commission the Client pays when he buys and sells a Financial Instrument.
Clause 4.3 in Axion Trade Limited Client Services Agreement, p.7
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What it costsTen standard lots of forex costs $40 in commission at the rate on the Standard account page. The fee list in the contract does not provide for that charge.

Axion Trade can cancel trades you have already closed

Clause 21.3 lets Axion Trade end your account without notice and reverse or cancel all previous transactions on it. The trigger is trading that adversely affects the platform in any manner, which the contract never defines. Clause 8.10 adds any strategy Axion Trade deems abusive, and clause 8.8 makes its own price adjustments conclusive and binding.

Trades undone1 clause flagged

Axion Trade can void your trades, close every account you hold with it and end the agreement if it believes you traded abusively. Clause 13.2 ties that to market abuse under Seychelles law. Clause 8.10 adds any strategy deemed by Axion Trade to be abusive.

Why this matters

Profit from a fast or automated strategy can be cancelled on Axion Trade's own view of it. Clause 8.8 makes its adjustment of your prices conclusive and binding, so the contract gives you nowhere to appeal.

Exhibit 5CriticalHarder than usual

If the Company suspects or has reasonable grounds to believe that the Client has been engaged into an abusive behavior as indicated above the Company reserves the rights to void and/or cancel part or all Client's abusive trading transactions, close all and any of the Client's trading accounts and terminate this Agreement under s.21.
Clause 13.2 in Axion Trade Limited Client Services Agreement, p.18
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  • Same clause as Exhibit 8Clause 8.10 both removes your stop loss protection and supplies the open ended test for abusive trading.

What the account pages promise, the agreement takes back

Axion Trade promises negative balance protection on every account page. Clause 2.3.k of its agreement makes you liable for any deficit. It advertises $10 million of fund safety insurance, while clause 7.3 leaves you no claim if the firm holding your money fails. Its site runs in 19 languages, including Japanese, and its Terms of Use exclude residents of Japan.

Promise versus contract1 clause flagged

The Axion Mirror page says you earn profits without breaking a sweat. It cites a study claiming 311% higher relative profits from social trading. The agreement you sign says Axion Trade cannot guarantee any profits.

Why this matters

Copying another trader risks your deposit exactly as trading yourself does. The page selling it makes a return sound automatic, and the contract behind it promises nothing.

Exhibit 18WarningHarder than usual311%

The Client should not purchase a Financial Instrument unless he/she is willing to undertake the risks of losing entirely all the money which he has invested and also any additional commissions and other expenses incurred.
Clause 2.3.i in Axion Trade Limited Client Services Agreement, p.4
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Set against a regulated standard: FCA (UK), ESMA (EU)

Firms licensed by the FCA must make sure a promotion is fair, clear and not misleading, and must give a risk warning prominence alongside any claim about returns. The 311% figure sits in the body of this page and the risk warning sits in the footer.

Axion Trade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

The price list lives on the website and can change without you

Axion Trade charges $4 per standard lot on forex on a page headed commission free trading. Its contract's own fee list allows commission only on futures and share CFDs. Clause 4.1 then lets it change any charge with no consultation and no consent from you.

Cost disclosure1 clause flagged

Axion Trade can change what it charges you with no consultation and no consent, under clause 4.1. The fee list lives on its website rather than in the contract, and you agree to whatever is there. A website update counts as telling you.

Why this matters

A cost you checked before depositing can be different next month, and you may only find out by re-reading a web page. Clause 7.5 also credits your deposit after third party charges, so less can arrive than you sent.

Exhibit 9WarningHarder than usual

The Client further agrees that the Company is entitled to change its charges without any consultation or prior consent from the Client.
Clause 4.1 in Axion Trade Limited Client Services Agreement, p.7
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Our own capture of axiontrade.net, taken on Sep 30, 2026The claim, on Homepage, Superior Trading Experience panelVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose all costs and charges to a retail client before they trade. This contract lets Axion Trade change its charges and publish the new figure on its website.

Axion Trade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 14The price and the terms it sits in can both move without notice, so neither half of the deal is fixed.

Prizes and funded capital that the contract never mentions

Axion Trade offers a free funded trading account with no deposit required, and up to $500,000 of funding through its Axion Trader programme. None of its three legal documents mentions a bonus, a promotion or funded capital. The conditions sit outside the agreement that governs your relationship with the firm.

Promotions1 clause flagged

Axion Trade offers a free funded trading account with no deposit required, a prize draw, and up to $500,000 through its Axion Trader programme. None of its three legal documents mentions a bonus, a promotion or funded capital.

Why this matters

What you must do to keep a prize, and what happens to profit made with funded capital, is not in anything you agreed to. Axion Trade can also change its charges and terms while you are working towards the conditions.

Exhibit 16WarningHarder than usual

This Agreement governs the relationship between the Client and the Company and is electronically executed.
Clause Scope and Application in Axion Trade Limited Client Services Agreement, p.1
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Leverage, margin and the terms themselves can move overnight

Clause 9.2 lets Axion Trade set and vary your margin and leverage at its sole and absolute discretion with no prior notice. Its Terms of Use say all terms and conditions on the site can change without any prior notice. Clause 25.2 allows the agreement to be updated by a website posting once the regulator approves it.

Changed without notice1 clause flagged

Axion Trade can set and vary your margin and leverage at its sole and absolute discretion with no prior notice, under clause 9.2. Its Terms of Use say all terms and conditions on the site can change without any prior notice.

Why this matters

A leverage cut can force your positions to close before you have read anything about it. Clause 25.2 does require the regulator to approve changes to the agreement first, which is a real limit, but you may still learn of them from a web page.

Exhibit 14WarningHarder than usual

Margin or leverage Level may be set and varied without prior notice from time to time in the Company's sole and absolute discretion in order to cover any realised or unrealised losses arising from or in connection with transactions, including subsequent variation of any Margin rates set at the time transactions are opened.
Clause 9.2 in Axion Trade Limited Client Services Agreement, p.13
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Sixty business days for an answer, and liability excluded either way

Axion Trade allows itself up to 60 business days to give a final answer on a complaint, then points you to the Seychelles regulator. Clause 23.2 says it is not liable for loss caused by exercising its own rights under the contract. Clause 23.3 excludes indirect and consequential loss except where fraud is involved.

If it goes wrong2 clauses flagged

Axion Trade gives itself up to 60 business days to send you a final answer. That is about three months. If you are still unhappy, the only route named is the Seychelles regulator.

Why this matters

You wait roughly a quarter of a year before you can take the matter anywhere else. No free ombudsman and no compensation scheme is named in any of these documents.

Exhibit 11WarningHarder than usual60 working days

A final response should be provided to the Client within 60 business days the latest from the date he submitted his complaint;
Clause Procedure 3 in Axion Trade Limited Complaint Handling Policy, p.2
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Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA must give a final response to a retail complaint within eight weeks and must point the client to the Financial Ombudsman Service, which is free to use and can order redress. This policy allows 60 business days and points to the Seychelles Financial Services Authority.

Axion Trade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Within 7 business daysAxion Trade sends a written acknowledgement of your complaint.Procedure 1
Within 30 business daysIt attempts a final response, or writes to explain the delay.Procedure 2
Within 60 business daysA final response is due at the latest, counted from the day you complained.Procedure 3

Axion Trade is not liable for any loss caused by exercising its own rights under the agreement, under clause 23.2. Clause 23.3 rules out indirect and consequential loss, except in cases of fraud. Clause 12.6 disclaims loss of funds through third party software.

Why this matters

Every discretion in this contract, closing your positions, refusing your payment method, adjusting your price, comes with a clause saying the result is not Axion Trade's fault. Fraud is the one door left open.

Exhibit 12WarningHarder than usual

The Company will not be liable to the Client for any loss which arises as a result of: a.The Company's compliance with, or the exercising of any of the Company's rights in accordance with, Applicable Regulations or this Agreement;
Clause 23.2 in Axion Trade Limited Client Services Agreement, p.25
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Your claim goes to Mahe, its claim comes to you

Clause 26.2 gives the courts of the Seychelles every dispute you bring against Axion Trade. Its Terms of Use let Axion Trade enforce them in the jurisdiction of any of its users. Seychelles law governs the contract throughout.

Where you sue1 clause flagged

Any claim you bring has to go to the courts of the Seychelles, under clause 26.2. Axion Trade's Terms of Use let it enforce those terms in the jurisdiction of any of its users. Only one side has to travel.

Why this matters

Taking Axion Trade to court means filing in Mahe under Seychelles law, with a lawyer there. It can come to your own country to enforce against you.

Exhibit 13WarningRarely seen

The Competent Courts for all disputes and controversies arising out of or in connection with the Agreement shall be the Courts of Seychelles.
Clause 26.2 in Axion Trade Limited Client Services Agreement, p.27
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Our readingA forum clause that binds one side only is a device from commercial lending documents. Here it means Axion Trade picks a court near you while your own claim has to be filed in the Seychelles.

Credentials for accounts you hold somewhere else

The Axion Trader programme asks you for the server, login ID and investor password of an MT5 account at another broker. Clause 12.2 says Axion Trade bears no responsibility if codes are used by a third party without authorisation. Its Terms of Use also take the right to use your data for marketing unless you object.

What it asks for1 clause flagged

To be considered for the Axion Trader programme you hand over the server, login ID and investor password of an account you hold at another broker. Clause 12.2 says Axion Trade bears no responsibility if codes are used by a third party without authorisation.

Why this matters

You give away access to an account at another firm to be assessed for funding. If those details are then misused, the contract you signed puts that on you.

Exhibit 15WarningRarely seen

The Client acknowledges that the Company bears no responsibility in the case that the Codes are used in an unauthorized manner by any third party.
Clause 12.2 in Axion Trade Limited Client Services Agreement, p.15
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Our readingFunded trader programmes normally check a record from statements. Asking for live account credentials moves the risk of that access onto you, while the agreement disclaims responsibility for codes used by anyone else.

Your counterparty decides what you are filled at

Axion Trade is the contractual counterparty to your trades under clause 8.1, and clause 8.6 sets its quotes at its absolute discretion. Clause 4.2 says it is paid through the spread it chooses. Its account pages sell fixed spreads and a guaranteed better requote, while clause 8.10 says a stop loss may not limit your losses at all.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Who sets the price1 clause flagged

Axion Trade takes the other side of your trades, which is normal for this kind of firm. What follows is not. Clause 8.6 sets its quotes at its absolute discretion, and the contract names no outside price as a check.

Why this matters

Every price you are filled at comes from the firm that gains when you lose. Clause 4.2 says Axion Trade is paid through the spread it chooses, and nothing in the contract caps it.

Exhibit 8WarningHarder than usual

The Company will be the contractual counterparty to the Client.
Clause 8.1 in Axion Trade Limited Client Services Agreement, p.11
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Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must take all sufficient steps to get the best possible result for a retail client and must publish how they select prices. Clause 8.2 repeats that duty, and clause 8.6 then puts the quotes at Axion Trade's absolute discretion.

Axion Trade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Twelve quiet months and Axion Trade starts charging

After 12 months with no transactions, clause 4.3 lets Axion Trade take an inactivity fee of up to $10 from your account and charge it again each year. The amount is whatever it notifies you of at the time. Nothing in the clause says the charge stops when the balance runs low.

Dormant accounts1 clause flagged

Make no transactions for 12 months and Axion Trade can take an inactivity fee of up to $10 straight from your account. Clause 4.3 lets it charge again for every further year of no trading. The amount is whatever it notifies you of at the time.

Why this matters

A small balance you left alone shrinks by up to $10 a year while you do nothing. The clause does not say the charge stops when the balance runs out.

Exhibit 10WarningStandard wording$10

The inactivity fee will be up to USD 10 and the Company reserves the right to charge the said fee annually if there are no transactions by the Client the preceding 12 months.
Clause 4.3 in Axion Trade Limited Client Services Agreement, p.8
Read from the broker's site on Archived copyOpen the reference

What it costsAn account left with $100 in it can be charged up to $10 in the first year and up to $10 again in the second. That is a fifth of the balance gone with no trading.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
12 months with no transactionsAxion Trade can charge the inactivity fee and take it from your account balance.4.3
Each further yearThe fee of up to $10 can be charged again for every further 12 months without a trade.4.3

Axion Trade Limited in the Seychelles, and no compensation scheme

Your counterparty is Axion Trade Limited, Seychelles company 8434677-1, holding Securities Dealer Licence SD175. Its About Us page also attaches registrations in Saint Vincent, Australia and Cambodia to the brand, plus a UK reference number belonging to Pelican Exchange Limited. No compensation scheme appears in any of its documents.

Who you contract with1 clause flagged

Your contract is with Axion Trade Limited, Seychelles company 8434677-1, holding Securities Dealer Licence SD175. The About Us page also attaches registrations in Saint Vincent, Australia and Cambodia to the brand. It cites a UK reference number belonging to Pelican Exchange Limited, the copy trading supplier.

Why this matters

Claims go to the Seychelles company and nowhere else. The other names give you no extra protection, and no compensation scheme appears in any of these documents.

Exhibit 17NoticeHarder than usual

The Company is authorized and regulated by the Financial Services Authority in Seychelles ("FSA") under the license number SD175 with registered address at CT House, Office 9A, Providence, Mahe, Seychelles.
Clause Definitions 7 in Axion Trade Limited Client Services Agreement, p.2
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Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The site says Axion Trade removes a negative balance, and the contract says you are liable for it.

Said in public, in English

Axion Trade has introduced Negative Balance Protection which allows affected clients to remove any negative balance on their trading accounts.

Our Edge page, Negative Balance Protection section

In the contract · clause 2.3.k

Failure to do so within the required time may result in the liquidation of positions at a loss and the Client will be liable for any resulting deficit.

02

The account page says losses cannot exceed your deposit, and the footer of the same site says they can.

Said in public, in English

Trade without worry about losses exceeding deposits as all negative balances are covered by Axion Trade.

X300 account page, Account Settings table, Negative Balance Protection row

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of axiontrade.net

In the contract · clause Risk Warning, site footer

It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of axiontrade.net

03

Axion Trade invites Japanese readers to open an account in Japanese while its Terms of Use exclude residents of Japan.

Said in public, in Japanese

Axion Tradeと取引する場合、1,000以上の市場商品で100以上の異なる市場にアクセスできます。

Word for word in English: When you trade with Axion Trade, you can access more than 100 different markets with more than 1,000 market instruments.

Japanese homepage headline, above the Start Trading and Sign Up buttons

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of axiontrade.net

In the contract · clause Intended Users and Exclusion of Services

The services of Axion Trade and the information on this site are not directed at citizens/residents of Japan, Hong Kong, Singapore, the United Kingdom and the United States.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of axiontrade.net

04

The site insures you against a custodian failing, and the contract accepts no liability if one does.

Said in public, in English

Our Clients do not have to worry about the absconding of the third-party custodians which may result in a breach of fund safety and resulting in a loss of funds for our Clients as such occurrences are fully insured up to USD 10 million per Client.

Our Edge page, Quadruple Fund Safety Mechanism, The Fourth Layer

In the contract · clause 7.3

The Company does not accept any liability or responsibility for any resulting losses.

05

The homepage calls withdrawals fast and easy, and the contract sets no deadline and lets Axion Trade refuse the method you chose.

Said in public, in English

Fast and easy, secured payments and withdrawals

Homepage, Convenient Withdrawals panel

In the contract · clause 7.6

The Company reserves the right to decline a withdrawal with a specific payment method and will suggest another payment method where the Client needs to proceed with a new withdrawal request, or request further documentation while processing the withdrawal request.

06

The pricing page charges commission on forex and commodities, and the contract's fee list allows it only on futures and share CFDs.

Said in public, in English

Commissions of USD 4 per Standard lot applies for Forex & Commodities. Commissions for Indices at 0.02%

Standard account page, Account Settings table, under a Commissions row reading None

In the contract · clause 4.3

Commission (applicable only to CFDs on futures and CFDs on shares) This is the commission the Client pays when he buys and sells a Financial Instrument.

07

The account page sells a spread that does not move, and the contract puts every quote at Axion Trade's absolute discretion.

Said in public, in English

An X300 trades in fixed spreads, meaning there is a consistent, pre-determined difference between the bid and ask price of a currency pair, which doesn't fluctuate based on market conditions.

X300 account page, About X300 Account

In the contract · clause 8.6

The Client acknowledges that such Quotes will be set by the Company at its absolute discretion.

08

The account page guarantees a better price when a stop loss slips, and the contract says a stop loss may not limit your loss at all.

Said in public, in English

Axion Trade guarantees a better price requote if the slippage experienced due to a stop-loss order being hit is more than 2.0 pips.

Standard account page, Slippage Insurance row

In the contract · clause 8.10

Accordingly, placing a Stop Loss order will not necessarily limit the Client's losses at the intended amount.

09

The homepage promises transparent pricing, and the contract lets Axion Trade change any charge without asking you.

Said in public, in English

Quality trade execution, risk management and transparent pricing

Homepage, Superior Trading Experience panel

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of axiontrade.net

In the contract · clause 4.1

The Client further agrees that the Company is entitled to change its charges without any consultation or prior consent from the Client.

10

Axion Trade asks for credentials to an account at another broker while its contract disclaims responsibility for codes used by a third party.

Said in public, in English

You need to provide us an Investor Login from any MT5 Trading Account belinging to you with the Server, Login ID and Investor Password details.

Axion Trader programme page, FAQ

In the contract · clause 12.2

The Client acknowledges that the Company bears no responsibility in the case that the Codes are used in an unauthorized manner by any third party.

11

The homepage offers funded accounts and prizes, and the agreement that governs the whole relationship never mentions either.

Said in public, in English

Win a free funded trading account from Axion Trade with No Deposit Required!

Homepage promotion panel

In the contract · clause Scope and Application

This Agreement governs the relationship between the Client and the Company and is electronically executed.

12

The copy trading page quotes a 311% profit figure, and the contract asks you to accept losing everything you put in.

Said in public, in English

Studies show that investors who use Social Trading earn 311% higher relative profits with 64% more transactions and 55% higher transaction volumes.

Axion Mirror page, The Pelican Network section

In the contract · clause 2.3.i

The Client should not purchase a Financial Instrument unless he/she is willing to undertake the risks of losing entirely all the money which he has invested and also any additional commissions and other expenses incurred.

What changed quietly

This is our first reading of Axion Trade, so there is nothing to compare it against.

  • REWRITTENClause Site footer · 2025-11-16 (archived) to 2026

    The footer date range moved on a year, carrying forward a start date of 2015 for a company its own policy dates to March 2023.

    Axion Trade © 2015-2026 / ALL RIGHTS RESERVED

The documents this reading is based on

16 files, all published by Axion Trade. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Axion Trade publishes.

How this reading was done

Every clause above was read out of a document Axion Trade publishes itself

This reading was published on .

Documents
6 of 16downloaded from the broker's site, and 6 read in full
Pages opened
41pages walked to find those documents, footer links included
Older copies
9earlier versions downloaded, 1 identical to the copy we hold by fingerprint
Marketing pages
1public pages set against what the contract says
Languages
EN vs JAthe language it advertises in, against the language it contracts in

Who the contract is with

Axion Trade Limited

Axion Trade Limited is a Seychelles company, registration number 8434677-1, and the Client Services Agreement names it as your only counterparty. It states a Securities Dealer Licence numbered SD175 from the Financial Services Authority in Seychelles. The documents give two different registered addresses: CT House, Office 9A in the agreement, and Office No. A19B, Plot No. V16050/V16051 in the privacy policy. The About Us page attaches four more registrations to the brand, in Saint Vincent, Australia, Cambodia and the United Kingdom. The UK reference number belongs to Pelican Exchange Limited, which supplies the copy trading software, not to the company you contract with. The Conflicts of Interest Policy dates the incorporation to March 2023, while the footer on every page claims a copyright from 2015.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

All three legal documents download without a login. The client agreement carries the conflicts policy and the complaints policy as annexes, so one file holds the whole contract. The complaints policy sets no deadline for you to raise a complaint, which many brokers do impose. Clause 4.3 names each charge in plain words and caps the inactivity fee at $10 after 12 months. Clause 22.1 gives you 14 calendar days to cancel if you have not traded.

We read the Client Services Agreement, the Complaint Handling Policy and the Conflicts of Interest Policy in full. We read the Terms of Use, the Privacy Policy and the Cookies Policy on Axion Trade's own pages, in English. The same privacy page exists in 18 other languages, and we read those only in part. Two PDFs we could not open: the crime and indemnity insurance document behind the $10 million claim, and the Axion Trader programme document. No earlier copy of the Client Services Agreement exists, so we cannot say when any of these clauses were written.

How to check any of this yourself

Every quote above links to the Axion Trade file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Axion Trade publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Axion Trade on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 30, 2026.

If you represent Axion Trade and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Axion Trade. Whether its licence is real and current is a separate check on the broker profile.

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