Categories: BrokersForex Brokers

Candy with rotten inside: what is known about the Forex broker Axi?

Axi is a UK-based broker offering a basic package of Forex and CFD trading services. The most important thing in his work is legality. At the same time, the mediator’s website does not have all the information necessary for clients, and the range of services is very limited. In this review, we will find out whether a licensed company can always be considered for cooperation, and also reveal all the secrets of axi.com.

What is known about the legal status of an intermediary?

Axi is the current name of the brand formerly known as AxiTrader. The website is operated by AxiCorp Limited, a company registered in England and Wales and regulated by the local Financial Conduct Authority:

In addition to this, during the registration process you can choose whether to become a client of a UK licensed company or an offshore company based in Saint Vincent and the Grenadines. It is worth noting that in the latter case, you literally refuse the support of the supervisory authority, since this state does not control financial transactions in any way and allows brokers to do whatever they want.

Features of the Axi trading terminal

The broker offers to operate MetaTrader 4, a trading platform that remains the most popular among most brokers around the world, despite the fact that it has been on the market since 2005. The software is available both for the browser, Windows and Mac operating systems, and for Android and iOS mobile devices. Here’s what the desktop version looks like:

Axi also offers several plugins and software tools: Autochartist, Sentiment Indicator, Correlation trader, Alarm manager, Economic Calendar and Automated trade journal.
It is also possible to use virtual private servers through third-party providers. Packages for this service start at $35 per month.
There are only 2 trading accounts:

  1. Standard – spreads from 0.4 points, no commissions, free installation;
  2. Pro – spreads from 0 pips, commission $7 both ways, free installation.

What is frankly embarrassing is the leverage of 1:500. Players with little experience are well aware that this indicator cannot be more than 1:30, as this is illegal.
There is also an Islamic account without swaps and interest. They offer to open it by contacting Axi support. How this department of the company works is not clear. There are no charts anywhere.
Trading instruments describe metals, indices, currencies, CFDs, securities, commodities and cryptocurrencies.

Feedback about the project

On the one hand, the intermediary has a license and a large number of assets for making transactions, but, on the other hand, it offers illegal conditions in places and charges huge commissions from its clients. How it should be treated, only player reviews can judge:

It is noteworthy that users who once tried trading with axi.com do not advise anyone to step on the same rake. Obviously, this is a new scam that works right at the time of the transaction. In short, it’s not worth it!

Admin

View Comments

  • They promised a guaranteed return on my investment but after investing my life savings, I got nothing in return. They seemed legitimate at first, but it was all a scam. I urge people to stay away from fake platforms and not risk their hard-earned money, Report scam to (cybertecx net ) on google to recoup your funds like I did.

Published by
Admin

Recent Posts

What does the Walmax brokerage project offer?

Walmax allows you to customize the working platform according to its unique features. A registered… Read More

3 days ago

How does trading work with Frax Trade? Project overview

New SCAM projects are constantly emerging on the international market, and Frax Trade is one… Read More

3 days ago

The whole truth about the brokerage project Flex Options

Flex Options offers derivatives trading on the most favorable terms. A registered trader gets access… Read More

3 days ago

What is special about the Traderium project?

The Traderium brokerage firm guarantees its clients endless opportunities to earn money on global markets.… Read More

3 days ago

How does the Ulbitron scam work?

The Ulbitron brokerage firm intends to attract gullible newcomers. On its web portal, it describes… Read More

4 days ago

Geneva Global Project review: services and client reviews

The Geneva Global stock broker encourages its clients to invest in profitable assets. A registered… Read More

5 days ago