Caution! Axtrader is an offshore company! Your funds may be at risk.
Axtrader Key Facts
🔴 Axtrader offers questionable investment opportunities – a clear sign of a scam!
🔴 Axtrader forges crucial contact information – beware!
🔴 Axtrader lacks the appropriate license for the provision of its services – a huge red flag!
🔴 Axtrader’s domain is quite obscure – another off-putting detail!
Axtrader products and services
Axtrader offers high returns on investments – from 3% to 55 daily. It claims to be able to achieve that due to some sort of algorithm it has developed. Of course, there are hundres of companies hat claim the same thing, and they have one thing in common with Axtrader – they are scammers.
People should always be cautious when dealing with businesses offering enormously high yields because it’s scammers’ trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it’s a scam, so beware.
Axtrader company and regulation
Axtrader is not a licensed company, and it does not provide us with any information regarding being regulated at all. This is a major red flag and another reason to avoid Axtrader ‘s service.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Axtrader address and contacts
Axtrader provides us with the following address line – 2 Crawford Place London W1H 5NA United Kingdom. Worth noting that the company is not licensed to deal on the UK markets, as we have firmly established. This means that the address line is either fake or does not correspond to Axtrader’s whereabouts.
Transparency is crucial when talking about brokers and investment companies, and it’s part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it’s generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company’s legitimacy.
Axtrader website info
Axtrader’s domain is downright ancient for a scam, having been registered in 2013 – however, it is also incredibly obscure, with SimilarWeb not even listing it. All this time and the company has failed to both secure a license and gather any significant amount of traffic.
The domain is hosted on the 22.214.171.124 IP address from Russia. It is the only domain on that address.
Finally, the owners of the website have decided to cover their tracks by shielding themselves from WhoIs lookups – this is yet another sign we are dealing with a scam.
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.