ANSWER Dear trader, we have previously identified Archax Finance as a potential scam. This broker is not only unlicensed, but has also received a warning from the German financial regulator, the Federal Financial Supervisory Authority (BaFin). They have been flagged for providing financial services through the website archax-finance.com without the necessary authorization. The fact that Archax Finance operates without regulatory oversight is a significant red flag, indicating potential involvement in fraudulent activities.The so-called tax fees are a common tactic used by fraudsters to extract more money from their victims. We strongly advise against sending any further funds to them and recommend that you cease all dealings with this broker. They are entirely unreliable, and any excuse or promise they make is likely an attempt to defraud you of more money. We urge you to discontinue any interaction with them and report the scam to your local authorities. Please do not allow them to exploit your desire to withdraw your funds as a means to defraud you further. Stay safe.
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