AxianceFX boldly positions itself as a reputable broker headquartered in Canada. Nevertheless, in truth, this company conducts its operations without supervision from the highly regarded local regulatory authority.
Read this complete AxianceFX review to know why we strongly advise against entering into any business transaction or agreement with AxianceFX.
Website – http://www.axiancefx.com/, http://www.axiancefx.net/
Address – 66 Wellington St. W., Toronto, Ontario, M5K 1A1
25 Cabot Square London E14 4PA United Kingdom
Warned By – Ontario Securities Commission (Ontario) and Commissione Nazionale per le Società e la Borsa (Italy)
Domain Age –
|April 13, 2023
|6 months, 14 days, 21 hours, 52 minutes, 21 seconds
Is AxianceFX legit or a scam broker?
It is crucial to emphasize that Axiancefx, despite their assertions of adhering to Canadian regulatory standards, lacks a valid license from the reputable Investment Industry Regulatory Organization of Canada (IIROC).
Moreover, the Ontario Securities Commission (OSC) has openly acknowledged their deceptive tactics and issued a public advisory to caution individuals against becoming victims of their fraudulent schemes.
In straightforward terms, if you come across such a warning or information concerning axiancefx.com, it is of the utmost significance to promptly disassociate yourself from this company without hesitation.
AxianceFX Review: Trading Instruments
AxianceFX trading platform provides a broad spectrum of trading possibilities, covering a variety of financial instruments. These encompass Forex, Stocks, Indices, Commodities, and Cryptocurrencies.
AxianceFX Review: Trading Platform
AxianceFX claims to offer a web-based platform, touted as advanced, but in reality, fairly standard, and falls short in terms of features compared to other established platforms in the market.
If you’re in search of a genuinely top-tier trading platform, you need not explore beyond MetaTrader 4 and 5. These platforms represent the pinnacle of excellence.
AxianceFX Review: Payment Methods
Axiance Fx provides various trading account options, each with distinct initial deposit prerequisites. The initial funding for these accounts ranges from €250 to as high as €50,000. It is important to note that Axiancefx exclusively accepts Credit/Debit cards as a payment method.
For Credit Cards, there is a fee of 25.00 USD/GBP/EURO, in addition to a processing charge of 10.00 USD/7.00 EUR/5.00 GBP. Moreover, an additional levy of 10% will be imposed on withdrawals from accounts with turnovers of less than 200 or from unverified accounts. It’s essential to be aware that Axiance Fx minimum withdrawal amount is $100.
AxianceFX Review: Trading Conditions
We discovered that the spreads are extremely competitive based on our analysis done directly on the company’s platform. With 0.3 pips on EURUSD, 0.6 pips on GBPUSD, and 0.4 pips on USDJPY, the spreads that we computed were really appealing.
It’s vital to remember that unregulated brokers frequently utilize high leverage as a tactic to lure traders into riskier bets, despite the attraction of AXIANCEFX high leverage ratios, which may reach 400:1 on currencies. Trading with an excessive amount of leverage can lead to serious financial losses.
Negative Reviews and Complaints
AxianceFX has a lot of bad ratings, and traders who used this broker have complained a lot about it. After conducting a thorough investigation, we included this broker in the list of scam brokers 2023 based on the broker’s negative ratings, complaints, and other fraudulent features.
AxianceFX Review: Conclusion
The AXIANCEFX scam is a reminder that the trading world can be riddled with fraudulent schemes. It is crucial for investors to exercise caution and due diligence when considering any investment opportunity. Regulatory warnings, like the one issued by the Ontario Securities Commission, serve as an important red flag. When it comes to your investments, prioritize security, legitimacy, and transparency. In the end, safeguarding your hard-earned money is of paramount importance in the world of online trading.
If you have fallen victim to a scam like AxianceFX or any other fraudulent scheme, you possess the legal entitlement to pursue legal recourse against the wrongdoers. Simply complete our online complaint form and our experts will provide you with a free consultation, delineating the necessary steps to recover your funds. Your financial well-being is our utmost concern, and we are committed to supporting you throughout the entire process.
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