General Information & Regulation
Azure Xchange is allegedly a forex and CFD broker registered in the United States that claims to provide its clients with over 200 tradable financial instruments with leverage up to 200:1 and spreads from 0.0 pips on the MT4 for PC, Smartphone or Tablet trading platforms, as well as 24-hour multilingual customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Azure Xchange does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.35/10. Please be aware of the risk.
Market Instruments
Azure Xchange advertises that it offers access to more than 200 tradable instruments in financial markets, including forex, commodities and CFDs.
Account Types
Azure Xchange claims to offer demo and live accounts. However, the broker says nothing about the minimum initial deposit requirement to open an account.
Leverage
The leverage provided by Azure Xchange is capped at 200:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
Azure Xchange claims that the spread starts from 0.0 pips.
Trading Platform Available
Platforms available for trading at Azure Xchange are MT4 for PC, Smartphone or Tablet. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
Azure Xchange says to work with Bank Wire transfers only. The broker says it does not charge fees for withdrawing funds by bank wire transfer over $150. While for any withdrawal of more than $150, it will cover the bank charges from our side. Fees can be applicable dependent on your location and method of transfer. Withdrawal requests are processed within 24 hours after being received. The time that withdrawals arrive in the bank account depends on the country the money is sent. Standard bank wire transfers can take up to 5 working days.
Customer Support
Azure Xchanges customer support can be reached by telephone: +44 (0) 203 951 8970, email: support@azurexchange.com, info@azurexchange.com, live chat, send messages online to get in touch or request a callback. Company address: Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
