Verified Axe Trade Capital is operated through the website https://axetradecapital.com/ and this domain registration is February 2024.
Reviewed Axe Trade Capital is an unregulated broker
Axe Trade Capital's domain name was recently registered in February 2024, making its website relatively new. The lack of useful company information and valid licensing details is a red flag for a suspicious trading platform.
In addition, the Belgian Financial Services and Markets Authority (FSMA) has placed Axe Trade Capital on its warning list as a fraudulent trading platform operating in the Belgian market and advises investors to stay away from it.
Essentially, Axe Trade Capital is not regulated by any governing body. Entrusting investors' funds to the company carries a high level of risk, as there are no legal protections in place to keep these funds safe.
Axe Trade Capital appears to be a scam and traders should be vigilant to avoid falling for scams.
And most non-compliant brokers won't disclose and provide their direct and authentic contact information, such as phone numbers or company addresses.
Note: Axe Trade Capital is an unregulated broker, which means that clients' investments may not be adequately protected. The lack of regulation increases the risk of potential financial losses due to the lack of regulatory bodies to hold companies accountable.
If you invest in an unregulated broker, there's a good chance they'll run away with your hard-earned money without any recourse. Therefore, investors must be extremely cautious and when choosing a broker, remind everyone to stay away from these unregulated ones as much as possible.
On November 15, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Axe Trade Capital to its warning list as a fraudulent trading platform operating in the Belgian market and advised investors to stay away from it.
The following is a link to the original FSMA article:
https://www.fsma.be/en/warnings/advertisements-celebrities-spotted-social-media-beware-fraud
