AxisCapital Broker Review – Scam or Trustable Broker?

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

AxisCapital Regulation – No Regulatory Oversight

AxisCapital, a brand of Raconteur Consulting LLC Saint Vincent and the Grenadines, is the first. Although the firm is registered with FSA, the authority body declared it unauthorized to deal in Forex and binary options. All companies were able to choose a Tier1 license to regulate their business.

These Terms and Conditions indicate that Poland’s law governs. Let’s now see how about AxisCapital regulation.

Do the broker hold a Tier 1 trading license?

We found that AxisCapital is illegally operating after checking Tier1 registers like the Polish KNF, ASIC and FCA. This means there is no security, and the broker does not have any compensation funds to cover you in case of problems.

Are AxisCapital Scam Victims Living in Canada?

For clarity, AxisCapital scam is common, with most victims coming from:

• Germany
• UK
• Canada

If an offshore broker contacts you, ensure that you review all Terms and Conditions as well as the broker’s regulatory status.

We recommend that you avoid scammers like AG Markets, Kiplar, and TriumphFX. You won’t be able withdraw funds!

AxisCapital Support Team: What does support do?

AxisCapital Forex broker offers a great support team for new clients. They will guide you through the deposit process and encourage you invest as much as you can.

If you refuse to accept their offer, you will be harassed via telephone, mail, and others. Your personal account manager will be polite after you have deposited the funds and will request remote access to your device.

All with the legitimate excuse of providing education and support for the platform. Their ultimate goal is to access your online banking. You can trust us if you don’t believe us. The disclaimer contains links to AnyDesk and TeamViewer.

Your account manager and support team will stop listening to you once you have decided you are done. Your investment account will then be frozen.

Trading Software – Supported Trading Platforms

The AxisCapital trading platform for MT5 is an amazing option.

AxisCapital MetaTrader 5 Platform – MT5 by AxisCapital

It is the latest MetaTrader version and has the largest number of indicators and charts. It’s easy to use and allows access to EAs and social trading systems.

Here’s the problem. AxisCapital doesn’t disclose any trading conditions or commissions that brokers choose, such as spread and leverage. This means that your funds are at high risk and you need to be cautious.

Every MetaTrader comes with a mobile app that allows easy access via Android or iOS devices. The app allows AxisCapital login, but it has the same unspecified trading terms.

AxisCapital Range of Trading Instruments

The broker will trade on the following markets

• Forex Currency pairs like USD/CAD and JPY/EUR).
• Commodities like Gold and Platinum
• Indices like US30 or US500
• Shares

As you can see There are no cryptocurrencies. This is a significant disadvantage.

AxisCapital Spreads, Leverages & Fees

According to the broker, the leverage depends on the asset and is floating. We don’t know anything about the range. Spread is even more confusing. You don’t know what it costs to open and close trades.

The final sentence of the AxisCapital Bonus Policy states that you must repay 25 times the bonus amount before you can withdraw your funds.

The company also charges an inactivity fee, but it is not specified how much. There are no withdrawal or deposit fees. There is a lot of information.

Overview of Trading Accounts: What Are They?

There are three AxisCapital trading accounts.

• Standard Plan – Minimum deposit $250
• Economy plan – $5,000
• Business plan – 10,000

They differ in terms of leverage, the number trading assets, and trading signals.

Demo Account As a Lure

To test AxisCapital Demo account and see if it’s all fine, you will be asked. You should note, however, that virtual money is not risky, and real money could easily be stolen.

AxisCapital Withdrawal Techniques – How to Withdraw Money

AxisCapital permits withdrawals via:

• Debit/ Credit Card
• Wire Transfer

All withdrawal requests must be submitted through your trading account. You will also need to print, sign and scan the withdrawal request form. While there are no fees, it is important to know that you will have to pay any applicable fees if you accept the bonus offer from the company.

The firm will use every excuse to stop you from withdrawing your money. If you are unable to withdraw your money, please let us know.

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!

AxisCapital: Video

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