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AxeCap

Belize|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://www.axecap.co/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
AxecapGlobal-Demo MT4
Server Location Japan

Contact

support@AxeCap.co
https://www.axecap.co/
New Horizon Building, Ground Floor, 3 1/2 Miles Philip S.W. Golden Highway, Belize City, Belize
https://www.facebook.com/axecaplimited

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

AxeCap Limited

Company Abbreviation

AxeCap

Platform registered country and region

Belize

Company website
Facebook
Linkedin

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-03-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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AxeCap · Company Summary

basic-information

General Information

Registered in Belize, AxeCap is an offshore online forex broker offering a series of trading instruments, such as Forex, Stocks, Commodities, Indices through the advanced MT4 trading platform. Investors may choose from three different trading accounts on the Nation FX platform, and the maximum leverage available is up to 1:500.

Is AxeCap safe to trade with

AxeCap has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. In light of this lack of licensing, WikiFX has assigned it a regulatory status of “No License” and an overall quality rating of 1.18/10.

Please be aware of the considerable risk associated with trading with an offshore, unregulated forex broker.

wikifx

Market Instruments

AxeCap claims that it offers over 150 trading instruments. Four classes of trading assets can be traded, which include Foreign Exchange, Futures, Indices, Bonds.

Account Types

Three trading accounts are available with theAxeCap platform, namely the Standard, Premium and Platinum. The minimum deposits required by this brokerage are quite high in comparison to its peers. To open a Standard account, the most basic one, you need to fund at least $1,000, which is too much for most regular traders to afford.

The Premium and Platinum accounts are designed professional and experienced traders, asking for an initial deposit of $10,000 and $25,000 respectively.

Account Types

Spreads & Commissions

Commissions are not disclosed, and spreads are set in the end by trading accounts. Typical spreads in the Standard account, the Premium account, and the Platinum account are from 2.0 pips, 1.8 pips, and 1.5 pips, respectively.

Leverage

When it comes to leverage, a key red flag with AxeCap is that it permits traders to use leverage of up to 1:500, which is significantly higher than the levels regarded appropriate by many regulators. This is a common practice for offshore companies, and Nation FX just engages in it to increase its client base.

Trading Platform

AxeCap offers its clients the access to popular MT4 trading platform that can be available for Desktop, Mobile and Web terminals.

Traders can quickly analyze market activity, place trades, and integrate automated systems thanks to this powerful platform's convenient workspace (Expert Advisors). Everything you need to begin trading on the financial markets, including all of the above features, is available in a single, convenient interface.

Educational Resources

AxeCap offers some trading tools and educational resources to help traders get familiar with forex trading, which include Economic Calendar, Trading Calculators, Widget, Markets News, Trading Ideas, Economic Insight, Newsletter, Live Broadcast.

Customer Support

The AxeCap website is multilingual and traders can reach out to AxeCap about any questions or concerns they may have about their accounts or their trading through the following methods:

Email: support@AxeCap.co

Company Address: New Horizon Building, Ground Floor, 3 1/2 Miles Philip S.W. Golden Highway, Belize City, Belize

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

News

An Investor Complained About Difficulty Withdrawing the Balance in AXECAP and Equinox Markets

NewsAn Investor Complained About Difficulty Withdrawing the Balance in AXECAP and Equinox Markets

2023-01-10 15:08

Recently, Many platforms received a complaint from a user that he was experiencing difficulties withdrawing funds from AXECAP and Equinox Markets.

WikiFX
2023-01-10 15:08
News
An Investor Complained About Difficulty Withdrawing the Balance in AXECAP and Equinox Markets

User Reviews

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FX1305678689
more than one year
As a company without a regulatory license, AxeCap actually requires a minimum deposit of $1,000. And I didn't expect that someone actually made a deposit here. Hope the victims can recover their funds as soon as possible.
2023-03-02 17:16
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