Security of Funds
The security of your funds is our priority.
At Axen, we understand that successful traders need to give their full attention to their trading rather than worrying about the safety of their funds. Therefore, we have taken additional measures to ensure adequate levels of security for your funds.
Regulatory Entities and Scope
- AXEN LIFE DMCC (Dubai) operates under the Virtual Assets Regulatory Authority (VARA) and offers Dubai-approved virtual asset services.
- AXEN TRADING CURRENCIES IN SPOT MARKET LLC operates under the Securities and Commodities Authority (SCA) of the UAE (License No. LIC-0008119) and offers regulated services including forex, CFDs, commodities, spot metals, and indices.
Each entity follows strict regulatory standards applicable to its license, and client funds are safeguarded under those specific frameworks.
Industry leader; leading financial security
Axen’s mission is to be a global leader in online trading, specializing in Forex, US Equity Derivatives, Commodities, Crypto, Spot Metals and Indices. The security of client funds has been part of our philosophy along with unparalleled trading conditions and customer support. With the recognition of excellence, a solid reputation, our clients are assured that their funds are held safely.
You have accounts with the main banks
Axen has made the decision to use only major global banks. The strength and international position of the Axen brand allows the company to offer liquidity through major providers, including major banks.
Segregation of funds
Client funds are received in bank accounts separate from those used by the Company. These funds do not form part of the Company’s balance sheet and cannot be used to pay creditors in the unlikely event that the Company defaults.
Protection against negative balances
There is often volatility in the market. Axen’s negative balance protection policy means that even under highly volatile conditions where margin calls and stop outs do not function properly, no client is liable for having to pay a negative balance.
Risk management
The Company constantly identifies, assesses and monitors each type of risk associated with its operations. This means continuously evaluating the effectiveness of the policies, agreements and procedures in place that allow the Company to be able to easily cover its financial and capital needs at any time.