The brokerage organization claims to provide clients around the world with a state-of-the-art platform with instant order execution. In addition, the website indicates the address of the company’s office in London. However, these are just words, and there is no documentary evidence of the legal entity registration and a copy of the license on the official website of this intermediary.
Do you want to open a brokerage account on this platform soon? But how safe is it? Read our AxysTrade review first to determine whether you should trust this broker.
How to Trade
The firm offers 4 types of accounts to its clients. The minimum deposit is $5,000 and there is no demo mode. The broker provides the following services:
- 6 asset classes.
- More than 500 instruments.
- Leverage from 1:200 to 1:500.
- Minimum spreads in the range of 0-1.5.
Deposit/withdrawal is possible via bank cards and crypto wallets. Commissions, terms, and withdrawal amounts are not disclosed to traders.
The manager calls a new client who has registered an account. An employee of the firm offers personalized support services.
AxysTrade Vital Info
The company does not disclose information about its team and the date of its foundation. Where does this secrecy, uncharacteristic for brokers, come from? Probably because the firm has something to hide. Judging by the domain, which was created only at the end of May 2024, the platform has been operating for a very short time. Unsurprisingly, there is no mention of the brand’s history or evidence of “successful operations around the world” on the official website.
According to the address provided, the firm has an office in London. Obviously, to provide services in the UK, it must be licensed by the UK Financial Conduct Authority (FCA). However, we did not find AxysTrade in the registry of this regulator. In addition, it is not listed in the public database of registered organizations in any jurisdiction. Does this mean that the London office is a fake?
A variety of accounts and trading instruments, personalized customer support, deposit in any currency you like including crypto - everything looks very tempting! However, where are the guarantees of AxysTrade's reliability? I didn't even find any mention of a financial regulator controlling the company's activity on axystrade.com. Does the broker work without a license? Or am I missing something? Tech support staff say that the company provides copies of authorization documents to a potential client upon request :( Why such complications? Isn't it easier to put the documents in the public domain? I have a huge number of questions. I do not find answers...
ECN is not and cannot be here, so this is AxysTrade's “B-book” business model. The company processes traders' orders by itself, it has no earnings from commissions, but profits only from clients' money. The easiest option for us to make sure of the firm's honesty is, of course, to check the broker on a test account, but I don't see a demo account here.
My business partner recommended AXYSTRADE broker to me, saying that it has low commissions, a user-friendly platform, and fast order processing. He also mentioned that the broker provides analytics and news, which is very important for a trader. At first, I didn't believe that this far from the most famous broker could offer such conditions, but it turned out to be true. I started receiving analytics by email after registering an account, and when I started trading, I really noticed that the commissions of this company are much lower than other brokers. That's why I trade here now all the time, and I recommend the services of this broker to other people.
I am satisfied with the work of this broker. I made a large deposit, which I have already returned in the form of profit. The only disadvantage here is one terminal. Traders want to choose! And I also do not like the annoying manager who constantly offers to deposit more funds to the account. I advise you not to listen to them, but to act according to your investment plan!
Does this company have a license or not? I realized that AxysTrade doesn't even have a legal entity and money transfers are made to a physical person if we are talking about bank cards, as it is clear with crypto wallets. It turns out that this is a typical forex scam without registration, without a license, without experience, without a long period of work, without documents, and so on. So you should not believe that you will be able to trade profitably here, it's stupid. If something you can earn, the scammers will not let you withdraw your money, otherwise, why do they go on the offense in the first place?
This is pure scam! If you open a trading account at axystrade.com, you can say goodbye to all the money you invest. The scammers will cheat you for sure! Pseudo Brokerage organization is created just for that and it lives off stealing clients' money :( These bastards stole $12k from me. They first set up profitable trades to lull my vigilance, and when I invested big, they played back in the opposite direction - I began to get a total loss. Crooks manipulate the terminal, and axystrade has no real trading :( If you see an advertisement for this pseudo-broker, don't believe it. This scam is now very active on the Internet. Be careful!
The account manager did everything he could to leave me with no money. He persuaded me to invest 25,000 euros and then deliberately pushed me to make the wrong decisions and I completely lost my deposit in a week. Scammers work at axystrade, they took advantage of my inexperience. Apparently, this scammer manager and his kind get a percentage of the client's losses in this lousy company. They discouraged me from trading, and I have no capital left for a new start. This is a scam, where crooks cleaned my pockets completely...
My story - I invested 5,000 US dollars, and I wanted to increase it. However, it was not easy. I made a good profit for the first week, and then the terminal seemed to have been replaced... The trades went in the red, and managers called for additional investments. The deposit amount is rapidly decreasing, and there is no profit. I feel cheated.
I was scammed like a fool. It's an online fraud! They are looking for victims who can be easily hooked. I'm into stock trading, including cryptocurrency, stocks, and I'm actually a sailor. I recently met a girl on the Internet, we communicated for a month, and everything was good, I even wanted to meet her if I was ever in her country, and she lives in Europe, and my ship just happens to work in European countries. One time, we talked about earning money, I told her that I am a sailor, but additionally, I trade on the stock exchange, crypto, and so on. She replied that she trades forex and cryptocurrency too. She told me that there is a company Axystrade, where she trades, and there are pros who give quality analytics and signals, thanks to which she earns about 40-50 thousand euros a month, which is ten times more than my salary. I am a gullible person, so I believed her, she told me that I should invest at least 10k dollars in Axystrade to get the amount of profit equal to my sailor's salary. I was confused at first, I even asked for proof, as I doubted that this really happens. And she provided me with screenshots from her personal account in Axystrade, where she successfully processed requests for withdrawals of up to 50k euros per month. This is where I took the bait. I invested these 10k dollars in an account at axystrade.com, I did everything through cryptocurrency, as this method is now faster, cheaper, easier, more convenient. I started trading, and I started making a profit immediately... I earned more than 4k dollars for a week, of which I withdrew 1k. And then greed turned on me. I invested another 10k, just from the accumulated on trading. In the end, I invested 20k - 1k - a total of 19k dollars. I made a profit of 13k for the month and requested to withdraw the profit totaling 17k. However, first, this girl disappears - then she is sick, then she is on vacation, then something else. In short, she almost stopped contacting me. Axystrade employees ask me to go through a KYC check, I send the documents, but they are not checked at all. I can't make a withdrawal without KYC, tech support ignores me. A few days have passed already and no results. As I realized, Axystrade cheated on me. Of course, I still believe in a positive outcome in this situation, but something tells me that it is unlikely to happen. I lost 19k, it's a big part of my salary for the year, I don't even know what to do now and how to get my money back. I am sharing my review in the hope that it will be useful to someone, and that it will help traders to save money. Take care of yourself and don't believe in such tricks.