Axiance broker looks completely legit, with a solid website and a decent minimum deposit requirement. However, once you go into more profound research, things are to be said about this company.
Read our honest Axiance review and find out everything before you give your money away.
- But firstly, we want to invite you to read our recently updated InstaForex, PrimeXBT and AG Markets scam broker reviews. Your funds are in danger with them!
|Broker Status:||Offshore Regulated Broker|
|Regulated by:||CySEC / FSA / FSC|
|Operating Status:||Alleged Forex Trading Scam|
|Blacklisted as a Scam by:||N/A|
|Broker Owner:||Axiance Group|
|Headquarters Country:||Cyprus / Seychelles / Mauritius|
|Online Trading Platforms:||MT4, MT5|
|Minimum Deposit:||100 EUR/USD|
|Broker Deposit Bonus:||Up to 100%|
|Crypto Assets:||BTC, ETH, XRP (17 cryptos)|
|Available Trading Assets:||Forex (FX), Commodities, Indices, Shares, Cryptocurrencies|
|Islamic Account:||Not Available|
|Free Demo Account:||Yes|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Experts’ Verdict:||Be Careful With This Broker!|
Is Axiance Safe and Regulated?
Axiance is owned by Axiance Group, which has several entities. Also, these entities include ICC Intercertus Capital Ltd from Cyprus, Aerarium Limited from Seychelles, and Aurum Capital Limited from Mauritius. The company was known as EverFX before they decided to change their trading name since EverFX got blacklisted in the UK and by FINACOM.
Generally, as per the question is Axiance regulated, we can say yes. It has CySEC, FSA, and FSC regulations.
Questions About Axiance License – Reputation Problems
Having offshore regulations is not much of a security as there’s no compensation fund. Also, since the company was under the FCA investigation for the EverFX brand, changing the name does not guarantee you won’t be scammed as EverFX clients were.
Negative Axiance Reviews – Is Axiance, a Scam Broker?
As it happens with many brands with multiple entities, some are legitimate, while others are fraudulent. In the case of Axiance forex brokerage, having two offshore entities doesn’t make them look any trustworthy. Moreover, here is just one of the examples of what traders think of the Axiance scam.
Stay away from them, I have lost about usd 80k. Also, they keep pushing you to top up the account. The only thing they are interested is to grab as much spread as they can by making you trade as much as possible and before you know it your money is gone.Broker victim review from Trustpilot
Axiance Trading Platform Review – Trading Software
Axiance trading platform offers MT4 and MT5, both excellent and reputable platforms. Also, clients can choose based on their preferences and previous experience with one or the other.
MetaTrader 4 – MT4 Platform
Axiance MT4 is an exceptional trading platform featuring 20+ analytical charting tools, 9 timeframes, EA integration, over 30 technical indicators, and one-click trading. So, clients can access the platform from Windows and Mac.
MetaTrader 5 – MT5 Platform
In addition, as an advanced version of MT4, MT5 contains:
- 3 chart types and 21-time frames
- 44 graphical objects
- Additional pending order types
- One-click trading directly from the chart
Meanwhile, if you’re interested in this version, you can use it from Windows or Mac devices.
Axiance Mobile Trading
Both MT4 and MT5 have apps for Android and iOS that you can download and access your trading account wherever you are.
Countries Prohibited By The Broker
Since the broker had bad reviews trading as EverFX, they decided to suspend providing financial services in the UK, Belgium, USA, Canada, North Korea, and Iran. The company’s offshore license covers all other countries. However, remember that the Axiance broker has a discretionary right to assign you to any of these entities regardless of the country you are coming from. It can lead to potential fraud, so beware.
Axiance Trading Instruments – What Can I Trade?
According to the broker’s website, clients have over 5,000 assets at their disposal. However, these assets depend on the entity you belong to.
- 50+ currency pairs
- Hundreds of global stocks
- 15 major indices
- 17 cryptocurrencies
We don’t see where the 5,000 assets are on this official list, but again, bear in mind that everything depends on the entity, including leverage. So, if you’re assigned with an offshore entity, leverage goes up to 1:500, which is extremely risky.
Axiance Trading Accounts
Axiance trading broker offers 3 different account types for each entity. So for the CySEC regulated one, we have:
- VIP account
The main difference is in the funds necessary to start and services provided by the company. Besides, Axiance minimum deposit is 100 EUR.
We have the same account types of offshore entities, but the minimum deposit is $100, while the leverage is much higher. Also, offshore clients are getting a bonus of up to 100% on their initial deposit.
Axiance Demo Account
Additionally, broker offers a Demo account as well, where clients can test the platform and check the offer of assets.
Axiance Withdrawal Methods – How To Withdraw Money?
Additionally, Axiance accepts these payment methods:
- Debit/credit card
- All South African banks
- SWIFT and SEPA transfers to iSignthis, Fibank, Sepaga, Absa, and Bnk2
To sum up, funds should be available within 1-3 business days, and the company charges 10 units commission for the minimum withdrawal of 50 units.
Have You Been Affected By An Axiance Scam? – Talk to Our Experts
Finally, if you have been scammed by Axiance or a similar broker, let us know. Moreover, Global Fraud Protection recently received numerous complaints from Axiance scam victims and helped them file a dispute and request a chargeback.
For further information on how to get your money back, book your free consultation via online chat. Talk to our experts and make a plan before it’s too late!
Don’t Let the Scammers Go Away for Free!
What Is Axiance, And Should I Invest Money In It?
Basically, this is an online trading brokerage with entities in Cyprus, Seychelles, and Mauritius.
What is the Axiance minimum deposit?
Axiance minimum deposit is 100 EUR or USD, depending on the entity you belong to.
Which Trading Platforms Are Supported By Axiance Broker?
Broker supports MT4 and MT5 for Windows, Mac, and mobile devices.
Are My Funds Safe With Axiance?
No, since Axiance has 2 offshore entities, we wouldn’t say your funds are safe with such a brokerage.