AximTrade Review: Protect Yourself from Potential Risks
Is AximTrade a Reliable Broker or a Potential Risk?
In this AximTrade review, we examine whether this broker is a trustworthy trading platform or a potential scam. AximTrade claims to offer forex and CFD trading services with various account types, competitive spreads, and high leverage. Registered in Saint Vincent and the Grenadines, the company initially attracted traders with its user-friendly MetaTrader 4 platform and mobile accessibility.
However, the reality behind the brand raises serious concerns.
AximTrade Broker Overview
- Website: https://www.aximtrade.com/
- Website Availability: No
- Address: 103 566 St Kilda Rd Melbourne VIC 3004
- Warning Notices: Not Recommended By Review Website Like Lycan Retrieve
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Regulation & Licensing Issues
The absence of appropriate regulation of this broker is among its most concerning features. According to WikiFX, AximTrade has a dangerously low score of 1.58/10. The site confirms that AximTrade broker has no valid license and that over 80 complaints were filed against it in just three months.
Regulatory Red Flags:
- ASIC (Australia): License revoked; suspected clone (License No. 435746)
- NFA (USA): Unauthorized broker (License No. 0539713)
- WikiFX: Broker has no valid trading platform or regulation
These findings strongly suggest the AximTrade broker is operating illegally.
User Reviews and Website Status
The AximTrade review on Trustpilot paints a negative picture, with a low rating of 1.8 out of 5. Users report withdrawal issues, lack of support, and potential fraud. To make matters worse, the official website (https://www.aximtrade.com) is currently non-functional, another major red flag for potential investors.
Is AximTrade Legit?
Is AximTrade regulated? No. It operates without valid oversight and falsely claims regulation through possibly cloned licenses. All signs point toward this being a scam operation, not a legitimate broker.
Final Verdict
This AximTrade broker review concludes that AximTrade is not a trustworthy platform. The lack of valid regulation, a disabled website, and multiple alerts from global regulators indicate significant risks.
Take Informed Action
If you are a victim of AximTrade or another broker scam, then take action. Contact us for a free consultation to find out more about your options and start the recovery process.
Remember, at Lycan Retrieve, we build trust, recover losses, and deliver results. Allow us to assist you in receiving your money back.
Contact us right now to safeguard your future and take back financial control.
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