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Axaforex

Operating status: Unregulated
Website: https://axaforex.com/
High-Risk Active
Broker violations and abnormal records
  • Dec 11, 2023 BrokersView has Reviewed that ​Axaforex is an Unregulated Broker

    According to its website, it is located in the Marshall Islands, but upon investigation, no matching information was found in the Marshall Islands Registry (IRI).

    The truth is that Axaforex is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Axaforex is a scam.

    According to its website, it is located in the Marshall Islands, but upon investigation, no matching information was found in the Marshall Islands Registry (IRI).

    The truth is that Axaforex is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Axaforex is a scam.
  • Apr 07, 2024 The CNMV adds ​Axaforex to its warning list

    On April 8, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added Axaforex to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=AXAFOREX

    On April 8, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added Axaforex to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=AXAFOREX

Related Complaints

Q&A

How does Axaforex charge commissions?

Syam KP Nair
Portugal
Dec 14, 2023
ANSWER Axaforex operates without the required licenses, making its offerings fraught with the danger of fraud and identity theft. We strongly suggest you avoid it.Axaforex falsely claims to be registered with the Marshall Islands Registry (IRI), a privately held maritime and corporate registry service provider that is not empowered to regulate or license forex trading activities and entities engaging in such activities. Therefore, Axaforex has been dishonest about its registration, demonstrating its unreliability and exposing its potential intention to defraud.To avoid becoming victims of fraud and identity theft, traders are advised to steer clear of Axaforex and other unlicensed trading platforms. Trading with a fully regulated broker is much safer.
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Axaforex is real?

Ryan Buldakov
Bulgaria
Apr 11, 2024
ANSWER No, Axaforex is an unregulated broker.The entity that offers financial services through the website axaforex.com claims to be located in the Marshall Islands but fails to provide any details to substantiate its registration. There are no records from the registry (IRI) indicating that it is a registered company. Regardless, even if it were registered with the IRI, the company's operations would still be unlawful, as registration with the IRI does not equate to financial authorization.Adding to the concerns, the Comisión Nacional del Mercado de Valores (CNMV) has added Axaforex to its warning list for providing investment services without authorization.Therefore, we strongly suggest that you cease any interaction with Axaforex and withdraw your funds from it as soon as possible. For a safer trading environment, it is recommended to opt for fully regulated brokers instead.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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