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AXECAP

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Operating status: SCAM

Website: https://www.axecap.co/

Broker violations and abnormal records
  • 2022-05-09 BrokersView has reviewed that AXECAP is an Unregulated Forex Broker

    AXECAP claims to be a trustable broker registered in and regulated by multiple regulators, including:

    1) The National Futures Association (NFA) under an NFA ID: 0547318;

    2) The Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under license number 25241 BC 2021;

    2) The Belize Financial Services Commission (Belize FSC).

    However, we did not find any match results to the company name and the license number in SVG FSA and Belize FSC. When we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member. That means AXECAP is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.


    AXECAP claims to be a trustable broker registered in and regulated by multiple regulators, including:1) The National Futures Association (NFA) under an NFA ID: 0547318;2) The Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under license number 25241 BC 2021;2) The Belize Financial Services Commission (Belize FSC).However, we did not find any match results to the company name and the license number in SVG FSA and Belize FSC. When we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member. That means AXECAP is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • 2023-01-03 BrokersView has found that FSDS Global is not working

    BrokersView found the domain "https://www.axecap.co/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://www.axecap.co/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

How secure is my personal information at AXECAP?

Chika
Uruguay
2022-05-30
ANSWER AXECAP is not a licensed or regulated broker even though it states offers that look good to be true. AXECAP claims to be registered with and regulated by several authorities, including the Belize Financial Services Commission (Belize FSC), the National Futures Association (NFA), and the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). However, we did not find any match results to AXECAP in Belize FSC and SVG FSA.What's more, when we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member. The truth is that AXECAP is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like AXECAP and trade with licensed brokers.
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