Axe Trader Funding prop firm offers funded accounts for traders ranging from 2.5k to 250k USD. The firm has several funded account types but lacks trader reviews. The firm has poor safety as it is young and does not have a regulated broker backing its funded accounts. Despite this obvious inefficiency, we decided to take a closer look at the firm.
In our Axe Trader Funding review, we are going to assess the firm’s critical features including safety, rules, funding options, assets, payouts, education, support, and more.
Pros & cons of Axe Trader Funding prop firm
Pros
- Ability to withdraw with $0 fees
- Offers access to cTrader, Match-Trader, DXTrade
- Fast and digital account opening/verification
- Most payment options are free and instant
Cons
- 100% profit-sharing claims are exaggerated and suspicious
- Very poor safety
- lacks trader reviews
- No educational content
- Only offers access to Forex, CFDs for indices and commodities
- Strict rules
- Lacks live chat support option
Quick rating of Axe Trader Funding and its features
| FPA Score | Not yet rated |
| Year founded | 2024 |
| Headquarters | Unknown |
| Minimum audition fee | 48 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 2,500 USD |
| Maximum funded amount | 250,000 USD |
| Allowed daily loss | 4% |
| Profit target | 10% |
| Maximum trailing drawdown | 6% |
| Profit sharing (Payouts) | 100% (red flag!) |
| Trading Platforms | cTrader, Match-Trader, DXTrade |
| Available trading markets | Forex, CFDs for indices and commodities |
Safety of Axe Trader Funding — 0
Axe Trader Funding reviews are lacking on the FPA and Trustpilot, indicating the firm is still very young and has poor experience in the industry. The firm also does not disclose information about its broker, which indicates it only offers simulated accounts and not real trading.
The firm gets a 0 score in this section for offering very poor safety.
Axe Trader Funding Funding and maximum capital allocation — 3
Axe Trader Funding funded programs are diverse and include Single Axe, Funded Axe, and Double Axe. All accounts have 1-step and 2-step evaluation programs, and traders might get frustrated in selecting suitable accounts from these many choices.
Axe Trader Funding funding includes amounts such as 2,5k, 5k, 10k, 25k, 50k, 100k, 150k, and 250k US dollars.
Axe Trader Funding challenges require traders to go through 2 different phases of evaluations to get funded. The funded stage is conducted on simulated accounts, and the firm won’t allow traders to trade on real markets.
Axe Trader Funding scaling plan is capped at 1 million dollars. The firm gets a 3 score in this section for offering decent funding options.
Axe Trader Funding Assets — 2.5
Axe Trader Funding prop trading offers very few asset classes including Forex and CFDs for commodities, cryptos, and indices. The leverage is different for 1-step and 2-step accounts. The one-step leverage for FX, indices, and metals is 1:10 and 1:2 for cryptos. For the two-step accounts, the leverage for Forex, indices, and metals is 1:10 and 1:2 for cryptos.
The firm gets a 2.5 score in this section.
Axe Trader Funding Trading rules and limitations — 0.6
Axe Trader Funding rules are slightly different for each funded account. The daily risk limit is mostly 4%, the maximum drawdown is 6%, and the profit target is 10%. These rules are mediocre and strict. Traders need to hit a 10% profit target while maintaining their risk control very tight, which makes it difficult to achieve this profit target quickly. As for the trading methods, news trading is allowed. The firm gets a 0.6 score overall for inquiring about strict risk limits.
Axe Trader Funding Fees — 2.5
The fees from Axe Trader Funding are rather competitive, starting from 48 USD on the 5k account of 2-step accounts. Let’s examine all the fees for all funded options offered by the prop firm below for more clarity.
Single Axe funded account type has the following one-time fees:
- Funded amount: 5,000 USD – one-time fee: 48 USD
- 10,000 USD – 98 USD
- 25,000 USD – 198 USD
- 50,000 USD – 298 USD
- 100,000 USD – 598 USD
- 150,000 USD – 998 USD
- 250,000 USD – 1,498 USD
The Funded Axe funded accounts have the following fees:
- Funded amount: 2,500 USD – one-time fee: 98 USD
- 5,000 USD – 198 USD
- 10,000 USD – 298 USD
- 25,000 USD – 598 USD
The Double Axe funded accounts have the following fees:
- Funded amount: 5,000 – one-time fee: 98 USD
- 10,000 USD – 198 USD
- 25,000 USD – 298 USD
- 50,000 USD – 398 USD
- 100,000 USD – 698 USD
- 150,000 USD – 1,098 USD
- 250,000 USD – 1,598 USD
Axe Trader Funding free trial is not available as traders need to purchase funded accounts to start trading.
Axe Trader Funding free repeat is active and traders can start over when they fail. The firm offers discounts, reducing the starting price for the Single Axe 5k accounts to 48 dollars. Overall, Axe Trader Funding receives a 2.5 score in this section for offering average fees and discounts.
Axe Trader Funding Platforms — 2.6
Axe Trader Funding offers traders a decent range of advanced trading platforms such as cTrader, Match-Trader, and DXTrade. These platforms offer advanced features, especially cTrader, which has fully automated trading and custom indicator capabilities, making it the go-to for seasoned platform traders. The firm allows EAs making cTrader really useful for traders.
For offering decent trading platforms, the firm receives a 2.6 score in this section.
Axe Trader Funding Profit-Sharing — 3
Axe Trader Funding profit split is up to 100% which is a red flag. Prop trading firms have a large capital which they use to generate profits from direct market trading activities. Prop firms typically employ traders to allow them to use the firm’s capital for profit-generating and share profits. So, the main income source for prop firms should be these generated profits and when Axe Trader Funding claims it pays 100% of profit to its traders, it only makes sense if the firm makes money from trader fees it charges to allow traders access funded challenges. Therefore, this is a huge red flag, and we advise our readers to stay away from such firms.
Overall, Axe Trader Funding gets a 3 score in this section.
Education and trading tools at Axe Trader Funding — 0
Axe Trader Funding lacks educational resources, which is a drawback for the firm. There are no trading courses, webinars, video tutorials, or any other forms of educational content offered for the Axe Trader Funding prop traders. For offering a very poor educational experience, the firm receives a 0 score in this section.
Customer Support at Axe Trader Funding — 2.6
The firm lacks live chat support but offers a hotline and email channels. The website and support both are only available in the English language. For not offering multilingual support and lacking live chat, the firm only receives a 2.6 score.
Frequently Asked Questions on Axe Trader Funding
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