AXCapital Broker Review
Dealing with dishonest traders from unidentified locations is a major problem that will cost you both time and money. You can prevent these problems if you have the appropriate knowledge. That is why we have prepared this AXCapital review to assist you in understanding this cyber crime and keeping your finances safe.
AXCapital is simply one of several dodgy brokerage businesses operating unlicensed, unregulated, and anonymously in today’s markets. Its bad service, unpleasant circumstances, inferior platform, and deceptive qualities are useless to you since you will be duped.
Broker status: Unregulated Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: a-xcapital.com
Blacklisted as a Scam by: N/A
Owned by: N/A
Headquarters Country: United States
Foundation year: N/A
Supported Platforms: N/A
Minimum Deposit: N/A
Cryptocurrencies: Yes (Ethereum, Tether, Bitcoin, Ripple)
Types of Assets: FX pairs, cryptocurrencies, stocks, and indices
Maximum Leverage: N/A
Free Demo Account: Yes
Accepts US clients: No
Regulation and License
AXCapital is far from being a professional and qualified broker. It is unknown where it is headquartered (despite the unverified claim that its headquarters are in Michigan, USA) or who owns it. We have no idea if it is even a registered entity. They all stink to high heaven.
But, imagine this company is registered in the United States, which is one of the most restrictive jurisdictions. AXCapital must be licensed by one of the US financial market regulatory bodies (e.g., NFA, CFTC) in that scenario, but it is not.
When we talk about how important it is to trade with licensed brokers, we naturally get to the topic of your funds’ protection, which is of utmost significance to you. It is ensured by risk management techniques and laws. The former refers to negative balance protection and segregated accounts, whilst the latter refers to strict procedures imposed by financial market supervisory bodies to combat trading frauds.
Because of the reliability of financial authorities in such jurisdictions, brokerage companies headquartered in the United Kingdom, the European Union, Australia, and the United States are in high demand. AXCapital does not meet the requirements of top-tier financial authorities such as the British FCA, Australian ASIC, and German BaFin.
As these prestigious organizations are meticulous, strict, and have a zero-tolerance stance for rule infractions, it should come as no surprise. Also, they provide traders coverage for unfavorable circumstances through indemnity contracts. For instance, traders of brokerage companies authorized by ASIC may be compensated up to 100,000 AUD in the event of insolvency.
Take no chances with such a bogus organization since AXCapital is reportedly a US-based broker with no trading qualifications and rules, subpar trading software, and unfavorable exchange terms.
Trading Software
This fraudulent broker makes claims about the AXCapital trading platform that include the most well-liked tradable assets, cutting-edge features, and intuitive and simple-to-use trading software with ongoing support (market analysis, economic calendar, and risk assessment). This is untrue; the trading platform is a browser-based platform and cannot provide any of the aforementioned services.
By providing contemporary features like stop loss, expert advisers, and copy trading, sophisticated trading platforms like MetaTrader 4, MetaTrader 5, cTrader, and Sirix, in contrast, can satisfy and surpass the expectations of both novice and seasoned traders.
AXCapital Trading Accounts
There is no information available on the minimum necessary deposits, account types, or trading conditions pertaining to the trading accounts provided by the AXCapital broker.
This is a classic indicator of a financial scam since the phony broker likely demands high deposits and has onerous terms. Legitimate businesses are open about this, unlike phony brokers. For instance, it costs less than 50 USD to begin trading with them.
Demo Account
According to reports, AXCapital offers demo accounts. With this option, traders may develop and assess their trading strategies and test the trading platform all without incurring any costs or risks.
Practice accounts are offered by the great majority of legitimate firms, but they are less likely to be available with shady brokers. Despite providing sample accounts, AXCapital is still a financial fraudster.
Trading instruments
AXCapital offers the most well-liked trading products, including the ones listed below, according to its website.
- FX pairs: USD/JPY, AUD/USD, USD/CAD
- Cryptocurrencies: Bitcoin, Litecoin, Ripple
- Stocks: Apple, Amazon, Disney
- Indices: S&P500, Dow Composite, Nasdaq
Remember that this offer is only contrived to provide the appearance of a legitimate and capable brokerage agency. AXCapital is actually another dishonest broker scam.
Trading Conditions
In our evaluation of AXCapital, we looked at the trading options offered there. We have indicated that neither the minimum deposit amount nor the funding sources are disclosed. It is claimed that opening an account is quick and easy, which implies that there is no background check, which is still another red flag.
Regarding withdrawals, this firm doesn’t disclose information on payment methods, processing times, and associated costs. We doubt that you will ever be able to withdraw money given the character of this broker.
Moreover, in order to entice you to invest, this dishonest broker provides incentives that are prohibited in several countries, including the US, UK, and EU. Last but not least, AXCapital does not disclose leverage, spreads, and other terms of exchange, which is to be anticipated from a shady FX broker. Offering excessive leverage (above the permitted 1:30) and altered spreads (beginning at 0.0 pips) to tempt you is one of the nasty techniques.
Conclusion on AXCapital
AXCapital is a forex provider that operates unlicensed, unregulated, and illegally. It is a scam broker since it has all hallmarks of trading scams, most notably, it is anonymous and unauthorized.
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