Is AximTrade scam or Legit? – ScamHelpers Investigation shows that it is a scam.
Why AximTrade is a scam?
AximTrade is a fraud. They are merely registered in an offshore region. The broker’s office is located on the first floor of the James Street building housing First Saint Vincent Bank Ltd. in Kingstown, St. Vincent and the Grenadines.
On the broker’s website, there are references to AximTrade LLC, a business that is supposedly registered with the Financial Services Authority of Saint Vincent and the Grenadines, as well as Thara Heights Owners’ Corporation, which is also a member of a compensation scheme and is supposedly regulated by the Financial Services Commission of the British Virgin Islands.
You should be aware that SVG and BVI are among the most well-liked locations for scam brokers because it is simple and inexpensive to register a forex firm there, and there are no particular regulations that apply to them or any government oversight. So, businesses operating out of such offshore zones are unreliable in terms of how they manage client funds, carry out orders, manage deposits and withdrawals, etc.
If you are scammed by AximTrade broker, you can file a complaint in the complaint form on top. You can also share your experience with the broker as a comment.