Axedo promises to the traders an outstanding trading experience and claims to be the world’s number one forex and CFD broker. They offer access to a number of forex pairs and CFDs on commodities, precious metals, indices, stocks and crypto coins, with a choice of three types of accounts, average competitive spreads, leverage ratio as high as 1:500, MT4 trading platform, and even provides an option to invest in managed portfolios. The broker Axedo requires a minimum deposit of 250 dollars and that is in line with the industry’s average, but the broker is not a legit one just because its claims are major.what other brokers would also require.
Axedo is owned and operated by Normask Group LTD, an offshore company based on St.Vincent and the Grenadines. The Caribbean nation of St.Vincent and the Grenadines is a favorite destination for scam brokers, because of its lax regulatory regime. In fact the local financial authorities simply do not regulated forex and CFD brokers, which makes any broker registered there completely unaccountable for the way it handles its clients’ funds. Unregulated brokers have many ways to deny you a withdrawal, and that is possible exactly because they are not supervised by an official financial regulator.
If you have traded with Axedo and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to scam traders. At Broker complaint registry it’s our job to provide you detailed Axedo review and make sure you can fight back and get your money refunded. By filling the form you have taken the first step to recover your money.
Is Axedo a scam or legit broker?
Axedo has been suspected as a scam broker. We don’t recommend to trade with them and if you are trading with Axedo contact them immediately and try to get your fund out. If the Axedo has done the following, you have probably a victim of Axedo scam broker.
Reason to suspect a scam broker is in action:
The broker froze your account
The broker blocked your account
You cannot login back into your account
Money has been taken out from the account
The broker doesn’t take your calls
The broker shut down his website
You noticed the broker took money out from your bank account with out your permission
The broker is offering you a bonus
The broker is offering you to fund more money into the account after you lost a large sum
Don’t give up. You can fight back and get your money refunded. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process.