AXNFX Review Scam or Reliable Forex Broker

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Contents

Trusted Forex Broker Reviews

Not even legends in the calibre of a Larry Williams or a Martin Schwartz will have much luck in currency trading if the broker is unwilling to cooperate – it has an overwhelming role in determining what type of experience you will have as a forex trader. The lack of clear rules and precedents creates great opportunities, but also huge risks for the unprepared.
But aren’t there always two sides to a story? To help our visitors avoid the dark side of forex, we have carefully screened the best offers in the online brokerage business, and prepared a selection of some of the most reputable and efficient brokers for your exclusive benefit. If you have any plans to explore the exciting world of currency trading, we are sure that you will find our list an invaluable guide in the crowded and sometimes shady world of the forex brokers. We recommend reading our listed brokers’ review pages for user reviews, e.g. OctaFX or FXTM review page.

Safest Forex Brokers 2020

*Broker offers variable spreads which are subject to fluctuating market conditions. Spreads tend to be tight during times of deep liquidity but can also widen significantly during times of low liquidity.

Want to be featured on this broker list? Use our contact form here.

More country specific forex broker listings:

Finding the Best Forex Broker – FAQ

Finding the best forex broker for your needs takes some research. Hundreds of online brokerage firms now compete for your account, so plenty exist to choose from. Check out our recommended top list above, or read our FAQ below with excellent points to consider before choosing your broker, or see this extensive five step guide on how to choose a forex broker.

Finding the best forex broker that has a fast execution capability, a reliable trading platform and which can be trusted with your account deposit might be the first things you will want to assure yourself of. Other sweeteners can include account opening bonuses and other features like mobile trading and SMS market alerts.

Basically, you want a forex broker you can trust to handle your money and your trades so that you can get on with the business of trading forex without worries. Anyway, to make the process of finding a broker simpler, the list above covers most of the key comparison points between forex brokers so that you can be better prepared for a successful search.

In the end of this page you will find many more brokers that did not make the top list, you can still read our reviews of them and give your comments on them or share your experience from them.

But first we will go through some of the criteria and features you should look for when searching for the best forex broker for you.

Regulation

Most reputable online forex brokers take the step of submitting to regulation by one of the main financial regulatory agencies operating in their home country. Sometimes, they will even be regulated by more than one agency. Such regulation provides you with the security of knowing the broker’s operations are being overseen by an independent authority with the goal of keeping the business honest.

Is there a benefit to where a broker is located?

Location can make a big difference, especially if the regulatory regime in the country is top of the line. The most advantageous location has to be reserved for UK brokers, since London is the center of the foreign exchange business.

Forex Trading in the UK

Early in the last century, nearly 50% of the world’s foreign exchange was conducted using the Pound Sterling. Today, daily forex trading turnover in the London market represents 41% of the world, more than double that of the United States at 19%. If you choose a reputable UK broker, then you can be assured that the firm can draw upon a broad pool of experienced and professional staff in the UK.

From a regulatory perspective, UK forex brokers must also comply with one of the strictest regulatory bodies around, the Financial Conduct Authority (FCA). Once again, the pool of UK staff will be very aware of best business practices and related compliance issues, another reason to choose a UK broker, if at all possible. One must, however, be due diligent when choosing a broker that claims to have offices in London, since the marketing aspect of this location has caused many overseas brokers to set up a “shell” presence in the UK to gain your trust, but without the benefits listed above. If you prefer a UK broker, then make sure that they are headquartered in London and have a significant presence there.

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Forex Trading in Australia

The Australian Forex/CFD/Cryptocurrency landscape is an intricate one, where at least three different types of brokerages peddle their services. There are unlicensed, unregulated brokerages with a global reach, whose services may indeed be accessible to Australian traders too. Then, there are financial service providers who are not based in Australia, but who are licensed by ASIC to peddle their products there. Finally, there are Australian born-and-bred operations, firmly under the authority of ASIC.

If you are looking for a forex broker in Australia or that offers services for Australians then make sure to go here.

Data Security

When you either enter or store vital personal information online, it can be subject to falling into unfriendly hands that may use it for their own personal gain. Accordingly, a top priority when choosing a broker is that they encrypt all data entered into online forms using industry standard SSL-encryption or better.

Another key issue involves the safe storage of data so that it will not be lost in case of disaster. Many online forex brokers use duplicate data farms with high security to assure the safety of your account information.

Dealing Spreads

Many day trading strategies become unsuccessful over the long term if your account does not have access to competitive dealing spreads. The spread is simply the difference between the bid price and the offer price for a particular currency pair and should be no greater than five pips in the majors and major crosses, with wider spreads often seen in the minor crosses and exotic currencies.

Commissions and Fees

Sometimes brokers are not content just to have you dealing on their spreads. In this case, they might charge a commission or fee for each transaction. Sometimes these are calculated on a per transaction basis or on a volume dealt basis. Additional fees might be involves in making withdrawals or deposits, so be sure to check that information to minimize your transaction costs.

Order Types

Most forex brokers handle the basic market, stop and limit order types. Nevertheless, some brokers also offer support for OCO (one-cancels-the-other) and trailing stops. If either of these more specialized order types would be suitable for your trading plan, then be sure that your chosen broker supports them and make sure that you fully understand the limitiation of these different order types.

Currency Pairs

Since more currency pairs often means more opportunities to profit, you will want to make sure that your forex brokers offers all of the pairs you might be interested in trading. Some traders also like to have access to precious metals like Gold and Silver, in addition to oil, especially if they will be trading the commodity currencies like AUD and CAD whose exchange rates can depend on commodity price fluctuations.

Deposit Required

Unless you are just interested in opening up a demo or practice account with the forex broker, they will usually require a minimum deposit to be made for you to get started trading forex. Often, the more money you place on deposit, the more features you have access to or the tighter your dealing spreads become. Make sure that you research the broker thoroughly before sending a deposit.

Account Types

Account types vary considerably between brokers, but most offer demo accounts for practice trading, mini accounts for newer traders with a low minimum initial deposit, standard accounts for more experienced traders with a moderate deposit, and finally VIP accounts for larger initial deposits. Here is a list of forex brokers that offers demo accounts.

Also, the features offered with each account type vary quite a bit among the various forex brokers, so be sure to see which reputable broker will offer you the best deal for the initial deposit you have available to you.

Leverage

Leverage refers to how much of a position you can control with a certain amount of funds allocated to it. Forex brokers currently offer leverage rates of as high as 500 to 1. What this means is that you can control a $50,000 trading position with just $100 allocated from your portfolio. Note that in the U.S. the maximum leverage is 50:1 for majors and 20:1 for minors.

Naturally, amplifying your risk by using leverage can result in larger gains, as well as larger losses, so be sure to use leverage wisely and avoid trading beyond your means.

Margin Requirements

Even though forex transactions are exchanges and not purchases of an asset like a stock or commodity, when the exchange rate moves, it creates credit risk for the counterparty showing a gain on the transaction. As a result, most forex brokers require that their clients place a certain amount of funds on deposit to cover such potential losses. This is known as the broker’s margin requirement.

Since margin requirements vary among brokers, you will want to make sure that the broker you choose has guidelines you can live with. Also, some brokers automatically close out trading positions when the amount of margin in your account is exceeded by trading losses, or according to other criteria, so be sure to understand such the implications of such policies for your trading business.

Trading Platforms

Most of the better forex brokers offer their own proprietary trading platforms for you to use to execute forex transactions with and to keep track of the market. These usually either take the form of web-based platforms that use access via your Internet browser or client-side platforms that you download to, install and run on your personal computer.

In addition, some brokers support independent trading platforms like the popular MetaTrader 4 platform that can be obtained free of charge and which many commercial forex trading robots are designed for.

Mobile Trading

Some forex traders require the convenience of trading and keeping in touch with the forex market via their mobile phone or other mobile device. Many brokers provide such services, so if this is important to you, check out what each broker offers in this regard and whether their software will work with your device.

Algorithmic Trading

Forex traders increasingly wish to automate their trading plans or algorithms to free up their time for other endeavors. They often do this by using a programming language to write down their decision process in an algorithmic format that can then automatically be executed by forex trading platforms that support this capability.

If you think you might want to automate your trading plan, check to see with brokers you are considering to see if they support this type of trading and how they do so.

ECN Brokers

ECN Brokers are brokers who use an Electronic Communications Network to provide price quotations and trading opportunities to their clients. The best way to picture an ECN is as an Exchange. Through an ECN, the broker puts various market participants into touch, directly. What that means is that it matches up trades so a seller will always find a buyer and vice-versa.

CFDs – Contracts for Differences

These days, CFDs are all the rage as far as online trading is concerned. These Contracts for Differences offer traders (and brokers) several advantages, which make the setup a very attractive one indeed.

A CFD is in essence a futures contract arrangement, between a broker (the CFD provider) and a trader (the client), the object of which is the difference between the current value of a traded asset (which can be just about anything, given the impressive market coverage of this financial derivative) and its value at the end of the contract. Find more information about CFD brokers here.

Market Alerts

Many brokers offers SMS or other types of market alerts to their customers. If you think this might be important to your trading business, look for this feature.

Support

Those new to forex trading will want to have better access to both dealing support and technical support. See what services each broker under consideration provides and whether it will suffice for your purposes.

Information Resources

Newer traders often require educational materials about the forex market and trading in general to get started trading forex on the right foot. If this is important to you, research what the brokers you are considering have to offer in this regard.

Also, many brokers provide sophisticated news feeds, like Reuters for example, as well as proprietary market commentary and other timely information.

Dealing Desk Access

Some traders like to speak to a personal dealer or advisor at the broker in order to obtain inside market information and advice. Others like to be able to make transactions over the telephone in a pinch. If either of these options makes sense for you, inquire with your potential brokers whether dealing desk access will be available to someone with your anticipated initial deposit.

Managed Forex Accounts

There are three types of managed forex accounts, Individual, Pooled and PAMM accounts. Here is a list of recommended managed forex accounts that offers this kind of forex accounts.

Forex Broker Inc Review

Minimum deposit

Bonus

Maximum leverage

Year founded

Regulation

Trading platform

The reputation of this broker is doubtful!

We do not trust this broker and do not recommend it to you.

There is always an air of scepticism that surrounds the arrival of any new broker in the Forex Trading industry. Such is the case with Forex Broker Inc. The main reason why people doubt the legitimacy of this broker is because of the fact that it is not a regulated company. That being said, it does not offer any decent deal for traders but allows clients to avoid the complications of complex identification procedures. So, is this broker reliable or not, read in our full Forex Broker Inc Review.

Forex Broker Inc at a Glance

The main office of Forex Broker Inc is located in the Marshall Islands. It has another office in Malta. This Forex broker was established in the year 2020, so it is comparatively new, inexperienced and unreliable in the industry. It is currently looking to fool traders by promoting its reduced spreadsheets and by focusing more on the specific needs of the customers. But, Forex Broker Inc Scam Review suspects that you should not sign up with such brokers.

Scam Forex Broker Inc Trading Instruments

There are plenty of trading instruments available in the Forex Broker Inc website. More than 50 currency pairs, CFDs and futures can be found here along with quotes that are offered in real time. Additionally, you have spot metals and commodities available which makes it quite clear that the people in charge of running this scam broker put in a genuine effort to expand the fooled customer’s field of choice.

ForexBrokerInc Accounts Reviews

Forex Broker Inc Scam Review found out that there are three types of accounts on offer. The accounts have been dubbed Gold, Platinum and Platinum Fixed Spread on the basis of their specifications. Interestingly but not surprisingly, none of the accounts have a superior advantage over the other. Therefore, the type of account that customers select will mostly depend on how fooled they will be. The trader’s level of expertise plays an important role when it comes to selecting the broker and account. All three accounts have the same minimum deposit amount of $10 but this does not mean that you should deposit money with them.

  • The Gold Account
    The Gold account is somewhat limited when compared to the other two. While both the Platinum accounts impose no restrictions on the maximum amount of money that can be deposited, the Gold account prevents its user from depositing an amount greater than $10,000. Users of the Gold account are only allowed to trade with micro lots, each of which equals to 1,000 units. The primary advantage of opening up a Gold account is the option of enjoying higher leverage, up to 1:500, but users are restricted to trading with 100 micro lots.
  • The Platinum Account
    There are two reasons why someone may want to open up a Platinum account at Forex Broker Inc. Firstly, this account offers the best spread of 0.3 pips. It also has a lower commission of 1 pip. The lot restriction is 20 standard lots. But still, this broker will just take your money and will not give you them back.
  • The Platinum Fixed Spread
    There is no need for a commission in the Platinum Fixed Spread account, which is its primary advantage. The spreads for this account are much higher. Much like the Platinum account, the Platinum Fixed Spread account lays down a limit of 20 standard lots for its users.

Multiple Accounts at Forex Broker Inc

Unreliable Forex broker, Forex Broker Inc allows its traders to manage multiple accounts in the same platform by using the Multi Account Manager functionality. The final profits made or losses incurred are spread proportionately with the size of the account.

VIP Account for US Residents

There are no VIP accounts per se. However, there is a possibility of becoming a VIP customer if you are residing in the United States. All you have to do is make a wire transfer of $500. This will allow you to reap additional rewards such as the loyalty bonus.

Demo Account

The demo account exposes you to no risk or reward. It simply serves as a learning curve for new and inexperienced traders.

Forex Broker Inc Review of Scam Promotions

As mentioned before, traders will not be disappointed by the number of scammy promotions on offer at Forex Broker Inc. Both the normal account users as well as the VIP account users can enjoy a number of different promotions that are altered on a regular basis. There is always one active promotion for traders to make use of. Promotions range from 30% deposit bonus to 120% welcome bonus. The more money you deposit, the higher are your chances of enjoying a great promotional offer. But, most of Forex Broker Inc Reviews agree on one thing, none of these offers is actually good. The broker will never give you your profits.

Trading Platforms

Forex Broker Inc Review was actually surprised by the amount of trading platforms that this unreliable Forex broker offers. There are a total of 6 different trading platforms on offer for the customers at Forex Broker Inc. These are:

The SIRIX is a proprietary platform that does not require a download and is applicable for users of the PC and Mac. Here are some of the key features of the MetaTrader 4 that you should know about:

  • EA Friendly
  • Complete technical analysis with more than 50 indicators and charting package
  • Assurance of full data back-up and state of the art security
  • Built in news
  • Internal mailing system
  • Management of history database and export/import of historic data

The integration of the platforms allow users to open a position with one platform and close it with another. You could use different platforms for different purposes such as one for charting and the other one for execution. These platforms can also be accessed by the demo account. Most of the dirty Forex Brokers do not offer so much platforms, but this does not mean that this broker is clean.

Forex Broker Inc Deposits and Withdrawals

One of the main ways Forex Broker Inc attracts customers is through its minimum deposit of $10. In addition to that, there are no deposit charges which further impress new traders. All of this helps to take money from traders and do not return them ever. Deposits can be made with all the major credit cards. The withdrawal policy is nearly as a good as the deposit one since withdrawals in excess of $500 are free from commissions. Furthermore, withdrawals are never processed even though it is written that they are made 24 hours of a request being placed, Forex Broker Inc Reviews did not get its money back at all.

Customer Support and Trading Tools of Forex Broker Inc Scam

The customer support at Forex Broker Inc is nothing out of the ordinary. They have a 24/5 customer care support that can be availed through telephone, chat or email. There is also an account manager to help customers set up their account and have their queries answered.

One more way in which this unreliable broker tries to attract more clients in order to fool them is resources. Forex Broker Inc review found out that this broker has a pretty decent collection of academic and technical resources which include the following

  • Forex News
  • Forex Signals
  • Forex Webinars
  • Foex Calculators
  • Forex Glossary
  • Technical Analysis
  • Economic Calendar
  • Video Tutorials
  • Forex eBooks

Forex Broker Inc Review Conclusion

This Forex broker is resorting to the strategy of fooling clients via low execution times, low spreads and a high number of promotions in a bid to stand apart from the crowd of newcomers in the industry. However, operations at Forex Broker Inc have not run smoothly since there has been a fair bit of controversy about its doubtful legitimacy and its alleged mistreatment of clients. Long story short, there are plenty of other Forex brokers that you should try out before opening an account with Forex Broker Inc.

The reputation of this broker is doubtful!

We do not trust this broker and do not recommend it to you.

HotForex Review

Regulated by: CySEC

Headquarters: Cyprus

Ranking: 5

Spread: 1.0 pips (EURUSD)

Leverage: 1000:1

Minimum Deposit: $100

HotForex Review & Author’s Comment

Established in 2020 and headquartered in Cyprus, HotForex is an award winning forex broker that offers a wide range of account types and trading instruments. The broker is pursuing a policy of providing the most convenient and advantageous trading conditions for the traders. They don’t discriminate between traders which means that scalpers, swing traders, day traders and expert advisors are all welcomed.

In terms of account types, HotForex offers six options; cent account, micro account, VIP account, zero spread account, fixed account and auto account where spread could go as low as zero at the expense of $4 per lot for EURUSD. This is one of rare forex brokers that let its clients to trade bonds on MetaTrader platform. Needless to say, forex pairs, commodities including agricultural, company shares, global indices and cryptocurrencies are also offered with leverage up to 1000:1.

HotForex is a forex company that offers all the advantages and services for both experienced and newbie forex traders in one place; bonuses, low spreads, extensive educational material, reliable regulation. Therefore I would recommend HotForex for traders with any trading strategy and experience without hesitation.

Is HotForex Reliable?

HotForex is actually a brand that is constituted of different companies. These companies operate in different areas and are regulated by different regulatory agencies. From a CIF firm operating in European Union under the regulation of CySEC to offshore units in Mauritius as well as St Vincent and Grenadines, the brand operates in different parts of the world. As a matter of fact, it is also licensed by the FSB, South African financial regulatory agency.

If you are wondering about the reliability of HotForex then you must not worry a bit. The deposit that every client makes is protected by the best insurance scheme as per the regulations of the regulatory body. HotForex also tries to keep their clients protected with the help of a civil liability insurance program under which HotForex offers coverage of €5,000,000. With the help of this scheme, you will be able to get protection against errors, omissions, negligence, fraud and other things that can bring about great financial losses. Plus, you will never have to worry about paying anything extra for this coverage.

HotForex also provides their clients complete protection against a negative balance. Thus, even if the stop outs stop functioning and margins drop fast, you will not have to worry about paying the negative balance. Plus, HotForex also ensures maximum security for your funds with the help of leading banks and by keeping the client funds separate. As a result, even if HotForex faces any problem, your funds will not be affected.

HotForex Account Types

HotForex offers a wide variety of trading accounts much more than many other broker. And each of these account types come with highly competitive as well as distinct trading conditions which completely satiates the needs of every trader.

You can easily open a micro account with HotForex as it only requires you to pay $5 to open an account. The best thing about the micro account is that it has leverage on the scale of 1:1000 ratios with a maximum simultaneous order of 150. Micro account is equivalent to Cent account offered by FXTM and Micro account offered by XM where you can open orders with contract size as low as 10.

You can also open a premium account with the HotForex at the expense of $500. With this account type, you will gain leverage of 1:500 with standing orders amounting to 300. There is also the Zero account which requires you to spend only $100. With this account type, you will get leverage of 1:200 with unlimited orders. On the other hand, the fixed account offers leverage of 1:400 with 300 orders.

If you are an experienced retail trader then you can go for the Currenex account for $500. It is also equipped with Meta Trader 4 Platform for much more efficient trade.

With VIP accounts, you will get a personal account manager along with a leverage of 1:300 with a funding of $20,000.

The account types that HotForex does not end with the VIP account. There are three more that this broker offers.

HotForex also offers you with the Auto Account. With this account type, you will be able to receive signals from MQL5 community which has been integrated within the MT4 terminal of HotForex. You will be able to copy the signals immediately including the paid signals with the help of the Meta Trader 4 platform. There is also the social account which helps you to connect with other traders, discuss strategies and copy from the most powerful trading portfolios to expand your earnings. All you need is just $100, to open this account.

The PAMM account that HotForex offers is perfect for all the traders working along with fund managers. It offers a Multi Account Manager or MAM software along with the MT4 platform for a great trading environment. All you will need to pay is $500 for the PAMM account and you will get leverage of 1:300.

HotForex Customer Support

HotForex offers its clients with around the clock customer support. From contact forms to live chats, email and phone calls, you will be able to reach out to the customer support of HotForex without any hassle whenever and wherever you want.

HotForex Trading Platforms:

The broker makes use of the Meta Trader 4 trading platform supplied by MetaQuotes. MT4 platforms have really set a standard in the industry since most of the traders across the globe prefer it over other platforms. As a matter of fact, the CFD, as well as Forex traders, are also in favour of MT4 platform greatly since it provides them with different types of tools and expert advisors. Plus this platform is also equipped with the latest charting package and a wide array of technical indicators.

There is also HotForex Rapid Trader API that you can use to trade. It has direct market access and offers automated trade.

HotForex Deposit and Withdrawal

You can deposit money in HotForex using credit or debit cards and bank wire transfers. Apart from that HotForex also accepts Skrill, Neteller, FasaPay, Sofort, mybitwallet, iDeal and Webmoney. During withdrawal, you need to submit proper identification proof for getting your withdrawal request accepted.

HotForex Spreads

HotForex generally offers a tight spread to their clients. But they also make sure that scalpers and automated traders get a fixed spread account for maximum profitability.

HotForex Bonus and Promotions

  • 30% bonus is called rescue bonus and traders will receive it on every deposit over $50.
  • 100% Credit Bonus Program which is intended to increase the trading volume. Traders must trade 1 lot per $2 bonus received to complete the terms.
  • 100% SuperCharged Bonus which offers 100% bonus on each deposit over 250 USD to the bonus account together with the rebates in value of 0.2 pip value for Forex and 2 USD per Gold.

HotForex Final Word

HotForex is undoubtedly one of the leading brands in the online trading market. Most importantly, it has been able to witness a surge in its popularity over the past few years due to the incredible service that this brand offers. When you are trading with HotForex, you can remain completely assured about getting all your demands fulfilled regardless of whether you are a beginner or a professional trader.

Hotforex – Step by Step Live Account Opening Guide

Opening a live trading account at HotForex is very straightforward and swift. Very first thing to do is to navigate to the homepage and click to the Open Live Account button. This button shall take you to the registration form.

AXNFX.com Review Visit site

About AXNFX.com

AXNFX is a forex broker. AXN FX offers the MT4 and MT4 Mobile forex trading top platform. AXNFX.com offers over 85 forex currency pairs, indices, shares and commodities for your personal investment and trading options.

  • Information
  • Live Discussion
  • Profile
  • Video
  • 13 Widgets
  • More .

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 400:1
Minimum to Open Live: $100
Established: 2007
Address: Howard Building, 368 Queenstown Rd, London, SW8 4NN, United Kingdom
Contact: [email protected], +44 203 2892 479
Regional offices:
Regulators:
Prohibited countries: Unknown

Yes

Trading platforms: MT4
Mobile Trading:
Currencies: (90+)
Cryptocurrencies:
CFD: (100+) Gold, Silver, Stocks, Stock Indexes, Other Commodities

Yes

Yes

Yes

EAs/Robots:
News Spike Trading:
Scalping:
Deposit Methods: Bank Wire, VISA, MasterCard, American Express, Maestro, Neteller, Skrill
Withdrawal Methods: Bank Wire, VISA, MasterCard, American Express, Maestro, Neteller, Skrill

Live discussion

Join live discussion of AXNFX.com on our forum

AXNFX.com profile provided by AXNFX, Dec 10, 2020

AXNFX was founded 2007 by a group of bankers and forex specialists. ( PLEASE PROVIDE EVIDENCE OF THIS ) AXNFX first started its operations based in Europe and Asian region was touched in 2020 ( AXNFX.com was created on 2020-06-16 ). AXNFX is now one of the famous brands in Forex industry and we have accomplished this with tremendous customer services, latest up to date technology and diversity of products. Due to our vision to be known as the largest broker in the forex market through the best customer service we have experienced exceptional growth over the past decade. 2020 was a major turning point where we started the business in Middle-east and successfully expanded AXNFX brand across Asia. Currently we are one of the leaders in Europe and Asian region and planning to expand all over the Globe by 2020. AXNFX offers the world famous MT4 for the clients, instant updates about the market and 24 hours support. Therefore the clients of AXNFX would not need to depend on a time or person but can trade freely whenever they choose.

Video

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Consumer Reviews

Service use: Live

Length of use: 6-12 Months

I and friend made investment in axnfx, my friend lost all the money she invested they asked to invest more and more she dropped it, I invest a until amount of 100 dollars, with this money I earned 1300 dollars while I asked for withdrawal they returned my initial investment in 2 times with a time delay of 6 months, I asked for my earning in share market executive Mr. Vincent informed me they will not return the profit to me because I haven’t invested more, they wasted my time and cheated me. Never invest in this company

Service use: Live

Length of use: 0-3 Months

I’m holding account with AXNFX.com. User ID:2100083704. Their representative Gautham Mehta ([email protected]) contacted me to open an account with AXNFX. I went through the reviews and I was not happy about the reviews and told straight away that I’m not willing to open an account.

He convinced me saying that the they responded to all the negative reviews but they have to pay to remove those negative comments from website/the people who post negative comments forget to remove them even if their grieveinces are addressed. He guaranteed that there will not be any hurdle in withdrawing money.

They gave me $75 dollar bonus but have not mentioned any trading terms and conditions of withdrawing profit when I opened account with them. I made a decent profit initially despite their high spread values and wanted to withdraw my profits. But then they said I have to complete 0.3 lots/$1 bonus they offered me. Until I complete that volume I can only withdraw the investment I made. It was an unpleasant surprise yet I continued trading.

But I lost interest in trading altogether as my gains turned to losses and want to secure my investment of $100. I placed withdrawal request for $100 a month ago but the request is still not processed.

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