The financial market is a lucrative industry that offers investors numerous opportunities to make a profit. Unfortunately, there are always bad actors looking to take advantage of unsuspecting individuals. One such company that has been flagged as a potential scam is Anaxyn Protocol. In this article, we will review Anaxyn Protocol, assess its legitimacy, and provide advice on how to avoid being a victim of a scam broker.
Company Overview
Anaxyn Protocol is an online broker that offers trading services in forex, stocks, and cryptocurrencies. The company’s website claims that it was founded in 2015 and is headquartered in the Marshall Islands. However, we were unable to find any information about the company’s registration with the Marshall Islands government or regulatory authorities.
Broker Name | Anaxyn Protocol |
Website | https://anaxyn.com/ |
Location | Unknown |
Regulation | Not regulated |
Warning | Multiple |
Team
The Anaxyn Protocol website provides no information about the company’s management team or staff. They should provide the details as they claim they are a DeFi protocol company.Â
Services or Products
Anaxyn Protocol claims to offer a wide range of trading services, including forex, stocks, and cryptocurrencies. However, we found that the company’s website lacks important details about its products and services. For example, the company does not provide information about its trading conditions, such as spreads and commissions. This lack of transparency is another red flag.
Trading Platforms
Anaxyn Protocol claims to offer access to popular trading platforms, including MetaTrader 4 and 5. However, we were unable to verify whether the company actually provides access to these platforms or whether it has developed its own proprietary platform.
License and Regulations
License Status
Anaxyn Protocol claims to be registered and licensed in the Marshall Islands. However, we were unable to verify this claim as we could not find any information about the company’s registration or license number with the Marshall Islands government or regulatory authorities.
Regulation Status
Anaxyn Protocol claims to be regulated by the International Financial Services Commission (IFSC) in Belize. However, we found that the IFSC has issued a warning against the company, stating that it is not licensed or authorized to offer financial services in Belize.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers is risky because they are not subject to the same regulatory oversight as licensed brokers. This means that they may engage in unethical practices, such as market manipulation or fraud. Additionally, unlicensed brokers are not required to segregate client funds, which means that there is a higher risk of losing money if the broker goes bankrupt or engages in fraudulent activities.
Legal Warnings Against Anaxyn Protocol
In addition to the IFSC warning, we found that the Italian financial regulator, CONSOB, has issued a warning against Anaxyn Protocol, stating that the company is not authorized to offer financial services in Italy.
Client Feedback About Anaxyn Protocol
We searched for client feedback about Anaxyn Protocol but were unable to find any credible reviews. This lack of feedback is concerning, as it suggests that the company may be relatively unknown in the industry.
How Can FXfarmupdate Help You If You Get Scammed?
If you have been scammed by Anaxyn Protocol or any other broker, it is important to take immediate action to protect your interests. You can submit your case to us. We will evaluate your case and will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Final Thought
Based on our review, we believe that Anaxyn Protocol is a potential scam broker that should be avoided. The company’s lack of transparency, unverified registration and regulation status, and legal warnings from regulatory authorities all suggest that the company may not be operating legitimately. Furthermore, the lack of client feedback raises questions about the company’s reputation in the industry.
