Aksys Capital Review
Aksys Capital Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Aksys Capital Review.
Aksys Capital Review
Clients of Aksys Capital can sign up for a single account with fixed spreads, no commission fees and leverage up to 1:100. There are micro lots available for trade and no swap fees apply.
What is more, wealth management services are also available with Aksys Capital.
The Company. Security of Funds
Company
Country
Regulation
Aksys Capital S.A.L
Lebanon
Central Bank of Lebanon (CBL)
Founded in 2008, Aksys Capital is a Lebanese broker offering trading in Forex, CFDs, Stocks, options and commodities on the robust MetaTrader 4 platform.
The company behind the brand, Aksys Capital S.A.L., is a Lebanese financial institution regulated by the Central Bank of Lebanon (“Banque Du Liban BDL”) and is supervised by the Banking Control Commission in Lebanon.
The Central Bank of Lebanon’s key objectives include protecting consumers and safeguarding monetary and economic stability, among other things. All financial firms and local and international brokers are required to be approved and registered with the CBL. There are also fairly high capital requirements for the brokers and tight regulation.
In July 2017, Aksys Capital announced a strategic partnership with Wallstreet Proptrade – Lebanon’s first stock market research and proprietary equity trading academy. The cooperation creates one of the largest stock market research and trading platforms in Lebanon and the region.
Trading Conditions
Minimum Initial Deposit
In order to open an account with Aksys Capital, one has to invest $100, which is average.
Spreads & Commissions
As we have already pointed out above, this broker offers fixed spreads, and as most fixed-spread brokers, it does not charge commission fees. Unfortunately, Aksys Capital’s spreads are high, amounting to 2.8 pips on EUR/USD, as most fixed-spread brokers offer spreads around 2 pips for this pair and some even less. For example, easyMarkets’ spreads are fixed at 1 pips for EUR/USD.
Leverage
The maximum leverage with Aksys Capital is 1:100, which is comparatively low ratio. Most brokers usually offer higher leverage levels, unless any restrictions apply. For example, easyMarkets offers leverage up to 1:400.
While it is true that such leverage may multiply your earnings on a small deposit, one should keep in mind that it also allows you to take bigger risks and you can easily blow your entire account away.
Trading Platform
Aksys Capital supports the common MetaTrader 4 (MT4), which comes in desktop, and mobile versions.
Still being the most popular forex trading platform, MT4 offers traders ease of use, reliability and advanced functionalities. It offers top notch charting, numerous technical analysis indicators, back-testing capabilities, different order options, and the chance to create and use automated trading strategies (Expert Advisors).
Aksys Capital’s demo MT4. Click on the image to zoom in.
Methods of Payment
Aksys Capital’s clients can make deposits to and withdrawals from their accounts only via bank wire transfer, credit/debit cards and personal/banker’s checks. Popular e-wallets such as Skrill and PayPal are not available with this broker.
A duly licensed Lebanese broker, Aksys Capital has almost 10 years of experience and offers an impressively rich product portfolio. Its spreads, however, are not very attractive, and also, we suspect that it utilizes a Market Maker model.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Aksys Capital Review Conclusion
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