ANSWER AxianceFX is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.AxianceFX fails to disclose its regulatory information and licensing data, which is a clear scam indicator, as legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency. This is a red flag. In an attempt to appear real, AxianceFX provides two addresses, respectively in Canada and the UK. However, our search for this broker in the registers of the Financial Conduct Authority (FCA) and the Investment Industry Regulatory Organization of Canada (IIROC) didn't yield any results, further proving that AxianceFX operates outside the regulatory framework.In addition, the British Columbia Securities Commission (BCSC) issued a warning against AxianceFX, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.Regarding your question, we strongly suggest you avoid AxianceFX. It is an unlicensed broker, with a warning from a recognized financial regulator emphasizing its risks. If dealing with this broker, investors are exposed to significant risks, such as financial losses and identity theft. Therefore, investors are encouraged to stay away from unlicensed brokers like AxianceFX and instead choose a fully regulated one to mitigate such risks.
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