ANSWER AxePro Group is not a licensed or regulated broker even though it states offers that look good to be true. AxePro Group claims to be registered with the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under the company number 678. But please be informed that SVG FSA is not a regulatory authority that regulate entities offering forex activities.What's more, the French regulator Autorité des Marchés Financiers (AMF) added this broker to its warnings and blacklists as the company provides illegal forex trading services. You can check the full warning from here.The truth is, AxePro Group is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like AxePro Group and trade with licensed brokers.
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