Overview
Axitrader is an offshore and unregulated forex broker. They set up a company in a remote place with no strict laws and collect the money there. Most of these brokers open these businesses in St. Vincent and the Grenadines. Still, some other popular offshore locations, such as the Marshall Islands, Dominican Republic, and the Cayman Islands, to name a few.
There is never any information about the staff on the About Us page. If you’re still skeptical about what we’re saying, please do your research and complete your Axitrader review.
Most unregulated forex brokers claim the same thing, and they are leaders in the industry and clients’ money is safe. That’s not the case because, without a regulator, they can do whatever they want with your money.
They also claim that money is to be made from it, and there is a big problem. Their business model is similar to that of the gambling industry, which means they make money when you lose money and vice versa. So trust us when we say it’s not in their interest for you to make money. This review explains it:
Scam or Legit? Read before opening your account.
Axitrader could be a scam. We have found several indicators for this. Axitrader review is somewhat low according to our Scamadviser algorithm. The evaluation is automatically based on data we were able to find on the Internet via the website, e.g., Whether an SSL certificate is used, in which country the website is hosted and whether the website is included in spam and phishing lists.
Although we rate the site relatively low, it does not mean that the site is a scam or fake. Because verification is automatic, the score may be too low or too high. We recommend that you manually check each site yourself before purchasing.
We see that the website owner is using a service to hide their identity. This may be because the owner doesn’t want to receive spam. However, it also makes it challenging to identify the valid owner of the website. As a result, sites that hide their identities receive a slightly lower score.
This website does not appear to be active at the moment. Fraudsters often only use websites for a short time. After that, they try to sell the domain name or don’t renew it, and it becomes available for other users again. We recommend reading our How to get your money back article if you have been scammed and can no longer reach the site.
We found this company checked at the extremes. The reviews are either very positive or negative. This may indicate possible fraud. In this case, many real customers complain about the company. To hide this fact, the scammer compensates for positive reviews and hides the negative ones. We encourage you to check the reviews to see what’s the case manually.
Get a Callback
Online Trading Complaint Form
Advantages and disadvantages of AxiTrader
- the activity is controlled by three regulators; deposit insurance and compensation payments are also available;
- a wide range of trading instruments, consisting of more than 140 currency pairs, metals, CFDs.
- sometimes there are problems with withdrawing funds;
- a demo account is available for 30 days only;
- there is a complicated and lengthy account verification process;
- there are no Chinese-speaking specialists in customer support;
- there is no detailed information on the website about investment programs and trading conditions;
- block trades sometimes operate out of sync.
Trading Platform
AxiTrader is a trading platform that allows you to trade the following cryptocurrencies:
Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.
Also,You can buy bitcoin with a credit card or other cryptocurrencies (e.g., Etherium) at the exchange rate of 0,01 BTC per 1 Ethereum or 0.0001 BTC per 1 ETH. You will receive your funds immediately after our software system has processed the transaction.