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Axi broker - the office has changed its name, but the operating principles remain the same, reviews about fraud
Project Axi is a renowned global online broker offering platforms for trading stocks, indices, commodities and cryptocurrencies. The company is aimed at both beginners and professional traders, Counterparty promises tight spreads, fast trade execution, advanced tools and award-winning customer support. However, accusations of fraud related to the company’s activities are actively discussed on the RuNet, which raises certain concerns among potential clients.
|Year of foundation
Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines
- No withdrawal
|Types of accounts
USD, GBP, EUR
Neteller, bank transfer, credit cards, payment systems for replenishment
Up 0.4 pips
Cryptocurrencies, raw materials, metals, CFDs on shares, currency pairs
What is known about the Axi broker
Company founded in 2007 in Sydney, Australia. Firm operates in full compliance with the regulation of some of the most respected licensing bodies in the world, thereby ensuring trust and transparency in trading for its clients. The scammers claim to have obtained brokerage authorization from the FCA.
This is a common lie, because the company does not provide scanned copies, which increases suspicions of fraud on the part of Axi official website – an advertising business card, nothing more. The office operates illegally in all jurisdictions, including Russia. The project ignored the requirement regarding regulation by the Central Bank of the Russian Federation; the scammers do not have the appropriate license.
The company is led by Rajesh Yohannan, Executive Director, who has 20 years of experience in banking and trading. The management team also includes Louis Cooper (Chief Commercial Officer), Simon Hodgkiss (Chief Risk Officer), Gavin Ward (Chief Operating Officer) and other highly experienced professionals.
These are all completely fictitious people. The scammers made up names and published photos from free stock sites. Now they are trying non-existent people for TOP managers in the field of brokerage services and trading in financial markets.
Scammers from Photo also came up with fake advantages to win the loyalty of gullible investors:
- aboutopening regional offices in various countries, including London, China, Germany, Latin America and the Middle East;
- pCustomer support in multiple languages, providing global service;
- with a significant number of active trading accounts, indicating the popularity of the broker among traders;
- nAwards for the best spreads, customer service, reliability and transparency in various regions and categories.
The scammers themselves do not know in which forums they received the declared awards. Contact information for regional offices is not provided. This happens with everything this would-be broker talks about. Trading on a scam platform is a waste of time and money.
Terms of trading with broker Axi
Broker Axi offers its clients trading on the popular MetaTrader 4 platform, which is suitable for both beginners and professionals. MT4 is available on a variety of devices including PC, Mac, iPhone/iPad and Android, as well as the web version of WebTrader. Clients can take advantage of additional tools such as Autochartist for automatic market scanning, MT4 NexGen with advanced management and trading features, and VPS hosting service for MT4 for 24/7 trading.
In terms of trading accounts, the counterparty offers three main types:
- Standard – spreads from 0.9 pips without commissions;
- Pro – spreads from 0.0 pips with a commission of $7 per round-trip trade;
- Elite – for experienced traders with a minimum deposit of $25,000 and a commission of $3.50 per round trade.
All accounts offer access to over 290 CFDs, five-figure pricing and Expert Advisor (EA) compatibility.
Key trading parameters:
- mminimum deposit: $0 for Standard and Pro accounts, $25,000 for Elite accounts;
- Toleverage: up to 500:1 for all accounts;
- withprevious: From 0.9 pips;
- dAdditional commissions: $3.5-$7.
The stated conditions can hardly be called profitable, especially taking into account the collection of hidden fees. All this only increases mistrust Axi investments opening a trading account is too expensive for clients. Traders are losing their deposits to zero, and managers just continue to shrug their shoulders.
Why investors shouldn’t work with Axi
Brand AxiTrader owned by AxiCorp Financial Services Pty Ltd. The broker is registered in Saint Vincent and the Grenadines, whose address matches the addresses of many other companies involved in the scam. This raises concerns about the transparency and reliability of the project. In addition, the regulator of this jurisdiction also has the same address as the broker itself, which raises questions about the independence and effectiveness of control over the activities of the counterparty.
The study showed that AxiCorp opened more than twenty trading-related companies during its existence, most of which closed after 2-3 years. This indicates instability and unreliability of the company. In addition, information on the English-language Wikipedia about the broker is collected mainly from laudatory and, possibly, custom reviews, which casts doubt on the objectivity and reliability of the data presented.
AxiTrader UK, a division of AxiCorp, is regulated by the UK’s FCA. However, the auditor’s website indicates that there is a company with similar data, called IFOREX24 LTD, which is suspected of fraud. This connection causes investors to worry about the safety of their funds.
According to reviews, many Russian traders encounter problems when trying to withdraw funds. This is a clear sign of kitchen unreliability and potential financial risks for customers.
Some factors such as wide leverage and minimum deposits indicate that Axi Trader engages in internal clearing, which is often typical for Forex kitchens. This means that the broker may not take trades to the outside market, but instead act as a counterparty to their clients, creating a conflict of interest.
SThere are a number of factors that may cause concern to potential AxiTrader clients. From legal registration in an offshore jurisdiction to connections with shady companies and problems with the withdrawal of funds, these characteristics make cooperation with Axi potentially risky.
Broker Axi – a fake, a shell company created by scammers to parasitize on the idea of earning money from trading. Scammers pretend to be someone they are not. Fraudulent quotes, dubious registration, false regulation, incorrect operation of the platform are the main complaints against the project.
Analysis of reviews about the Axi broker
Users consistently criticize the broker’s activities Axi reviews of a complementary nature also periodically slip through, but they are more reminiscent of an order.The main problems identified in the comments include unstable operation of the trading platform, delays and difficulties in withdrawing funds, and allegations of unfair behavior on the part of the broker.
STanislav and Arthur point out technical problems with the trading platform Axi. We are talking about systematic bugs and freezes. Such failures negatively affect trading operations and lead to financial losses. Feedback from Zarova and Pasha23 highlight the difficulties with withdrawing funds, including long delays and a seeming reluctance on the part of support to make the process easier.
Comments from Valentin and Anabol indicate possible misconduct on the part of the project administration, including allegations of fraud and manipulation of trading conditions. Such accusations threaten the financial security and confidence of traders.
Finally, a review from Oscar, a newcomer to the Forex world, expresses disappointment with the promised support from. It points to the unavailability of a personal advisor and possible manipulation of spreads, which can significantly degrade the trading experience, especially for new traders.
AAn analysis of reviews shows that clients often encounter serious difficulties that can make cooperation with a broker unreasonably risky. The company is not interested in improving the quality of service. Investors deservedly criticize Axi review The project only strengthened doubts about the advisability of cooperation with Sharaga.
A group of scammers has produced a huge number of similar SCAM brokers. Company Axi – This is just a link in the chain of scammers. Users who have suffered at the hands of scammers need to promptly contact chargeback specialists to promptly resolve the problem. Qualified specialists will tell you in detail, how to get money back as soon as possible.
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