Axiance FX is a forex and CFD trading broker that claims to offer a wide range of trading products and services. However, there are a number of red flags that suggest that Axiance FX may be a scam.
Company Overview
Axiance FX is owned and operated by Axiance Group, a company that is registered in Cyprus. The company claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), but this is not the case. Axiance FX is not a licensed broker in any jurisdiction.
Team
The team behind Axiance FX is anonymous. There is no information available about the company’s management or staff. This is a red flag, as legitimate brokers should be transparent about their team.
Services or Products
Axiance FX offers a variety of trading products, including forex, CFDs, and cryptocurrencies. However, the company does not provide any information about its trading conditions, such as spreads, commissions, and fees. This is another red flag, as legitimate brokers should be transparent about their trading conditions.
License and Regulations
Axiance FX claims to be regulated by the CySEC, but this is not the case. The CySEC does not regulate Axiance FX. The company is also not regulated by any other reputable financial regulator.
Why Dealing With An Unlicensed Broker Is Risky
There are a number of risks associated with dealing with an unlicensed broker. These risks include:
- The broker may not be trustworthy and could disappear with your money.
- The broker may not offer fair trading conditions.
- The broker may not be able to protect your funds from fraud.
Legal Warning Against Axiance FX
The Financial Conduct Authority (FCA) in the UK has issued a warning against Axiance FX. The FCA has warned that Axiance FX is not authorized to provide financial services in the UK and that it is likely to be a scam.
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.
Client Feedback
There are a number of negative reviews about Axiance FX online. Some users have complained that they have been unable to withdraw their funds from the company. Others have said that they have been scammed by Axiance FX.
Feedback About Their Trading
Users have complained that the trading conditions at Axiance FX are unfair. They have also said that the company’s platform is buggy and unreliable.
Feedback About Their Customer Service
Users have said that the customer service at Axiance FX is poor. They have complained that they have been unable to get in touch with the company’s representatives and that they have not received a response to their queries.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Axiance FX or any other broker, you can contact Reviews Advice for help. Reviewsadvice is a company that specializes in helping victims of investment fraud get their money back. Our experts will provide you with a free consultation and service recommendations to help you in recovering the lost funds.
Final Thought
Axiance FX is a scam broker that should be avoided. The company is not regulated by any reputable financial regulator and there are a number of red flags that suggest that it is not trustworthy. If you are considering trading with Axiance FX, I urge you to reconsider. You could lose all of your money.
If you think you have been scammed by a forex broker, you should contact the Financial Conduct Authority (FCA) in the UK or the Securities and Exchange Commission (SEC) in the US. You can also contact Reviews Advice for help.
