AxePro Group Broker Review – Trustable Broker or Another Scam?

As of May 2023, axeprogroup.com has ceased operations. But you can read the article to avoid falling for similar scammers.

Is AxePro Group an Regulated Forex and Crypto Provider?

AxePro Group broker is the brand of an anonymous owner. It is said to be accredited by the FSA of Saint Vincent & the Grenadines to provide financial services. We checked the regulation of AxePro Group after we learned that FSA had declared itself unauthorised for Forex trading firms, and only served as a company registry.

The FSA directives state that all brokerages must obtain a license in their country of service. It appears that this company was not regulated by the FCA, ASIC or BaFin.

It’s odd that the broker claims to have offices across Canada, the UK, France. It could also be that all the alleged offices are fake and the company is another offshore scammer.

Fake Achievements and Awards – Sign of Fraud

This company also claims to have won numerous awards, despite having false offices. These claims are also false. You will also see false claims on the website.

• 1k+ clients
• 90+ Awards
• 5 Start Service
• 4 Regulations

This firm does not have a regulation. We are certain that they don’t have over 90 awards, considering the site has been around for less than a year. This is just one part of the AxePro Group scam.

AMF Issues Official Warning – Evidence of Fraud

The authority body added axeprogroup.com as a fraudulent domain and advised its citizens to stay away from the firm.

Is AxePro Group Trading Scam Activ?

AxePro Group, a broker, registered its website December 2021. Since then, it has been primarily present in:

• Canada
• France
• Cameroon
• Australia

AxePro Group Support Team – Scam Start Here

You already know the process if you signed up for this company. AxePro Group’s support staff will call you and attempt to convince you to invest as soon as you have left your information. They won’t allow you to do any research on the company or get facts. They will pressurize and encourage you to deposit your first funds.

Once you are onboard, you will be assigned a personal account manager who is responsible for showing you the market and helping you invest. An account manager might ask you to install AnyDesk, TeamViewer or another remote desktop app. This is a way to steal all your money and access your crypto wallet online.

AxePro Group brokers are not trustworthy and will not choose the methods or means to defraud.

AxePro Group MT5 – MetaTrader 5 Platform

After reviewing AxePro Group’s trading platform, we discovered a connection between it and another fraudulent brand. The company offers MT5 belonging AxesPrime. This investment firm has offices in Canada and the UK in the exact same place as AxePro Group.

MT5 is a great trading software that offers the most extensive range of indicators and charts, but it’s useless if it’s provided by a fraudster.

WebTrader Platform

The broker also provides access to MT5 and a WebTrader. A WebTrader is a great option if you don’t like trading apps or prefer simple tools. The same problem remains. It is not regulated and primary trading conditions, such as leverage, spread, are not disclosed to the public. Investing with AxePro is not worth it.

What products does AxePro offer? Trading Assets

AxePro Group offers investment in 5 major markets including:

• 70+ currency pairs – EUR/USD, USD/JPY
• Commodities Gold, Silver, Crude Oil
• Shares – US, UK and German markets
• Cryptocurrencies – BTC, ETH, DOGE
• Indices – NASDAQ, FTSE100

Spreads and Fees for AxePro Group

Although the company does not specify spreads, it claims that they are very affordable. This attractive offer might be tempting, but legitimate businesses make a lot of money from swaps, spreads, and small fees. AxePro Group brokers that charge no fees are likely to take every penny you have invested.

Can I trade with AxePro Group for free?

You will need to deposit money first before you can test the system. AxePro Group does not have a minimum deposit. Therefore, we expect that employees will evaluate you and ask for as much as you are able to afford.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

AxePro Group: Video

Below you will find a short video about AxePro Group. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about AxePro Group!