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If you are looking for a reliable and trustworthy online broker, you might have come across Axicp. Axicp is a forex and CFD broker that claims to offer competitive spreads, fast execution, and a variety of trading instruments. But is Axicp a legit broker or a scam? In this review, we will examine the features, advantages, and disadvantages of Axicp and help you decide if it is worth your time and money.
What is Axicp?
Axicp is an online broker that was founded in 2019 and is based in St. Vincent and the Grenadines. Axicp offers trading services in forex, commodities, indices, stocks, and cryptocurrencies. Axicp claims to have over 250 trading instruments, low spreads from 0.1 pips, and fast execution with no requotes. Axicp also provides access to the MetaTrader 4 platform, which is one of the most popular and user-friendly trading platforms in the industry.
What are the pros and cons of Axicp?
- Low spreads and commissions
- Variety of trading instruments
- MetaTrader 4 platform
- Multiple account types
- Demo account available
- Customer support via phone, email, and live chat
- Unregulated broker
- Limited payment methods
- No educational resources
- High minimum deposit
- No US clients accepted
Is Axicp a scam?
The most important factor to consider when choosing an online broker is whether it is regulated or not. Regulation ensures that the broker follows certain rules and standards to protect the interests and funds of its clients. Regulated brokers are also subject to audits, supervision, and compensation schemes in case of insolvency.
Unfortunately, Axicp is not a regulated broker. It is registered in St. Vincent and the Grenadines, which is a notorious offshore jurisdiction that does not have any financial regulatory authority. This means that Axicp can operate without any oversight or accountability. If you trade with Axicp, you are risking your money with an unlicensed and unregulated entity that can disappear or scam you at any time.
Therefore, we do not recommend Axicp as a legit broker. There are many other reputable and regulated brokers that offer similar or better services than Axicp. You should always do your research before investing your money with any online broker.
What to Do If You’ve Lost Money with Axicp?
If you have been scammed by Axicp or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.