Axiom Trade Review: Final Verdict and Summary
Axiom Trade is a brand of a company we’ve already met, Widdershins Group Ltd. For more details about the company, you can read our InvestBoost review.
However, we’ve researched the Axiom Trade broker as well to make sure the company is following the same scam path with all the brands. Read our Axiom Trade review and find out everything about the brokerage.
|Regulated by:||No regulation|
|Headquarters Country:||Commonwealth of Dominica|
|Supported Platforms:||Web trader|
|Types of Assets:||Shares, indices, forex, commodities|
Axiom Trade Regulation and Security
As mentioned, Axiom Trade is a brand of Widdershins Group Ltd. The company owns several other brands, including InvestBoost, TopTrade, and 24FinTime. The company also held a brand Finlay.io that was shut down due to too many complaints.
The broker is based in the Commonwealth of Dominica and operates with no regulation whatsoever. This is probably why there are many negative reviews by other traders and many security warnings about the broker.
Axiom Trade is not legit and not safe to trade with!
Warnings From Financial Regulators
The company owner of Axiom Trade has many security warnings for several different brands. The company has warnings from Lithuanian LB, the Italian CONSOB, and Spanish CNMV. Since all these brands are not legit, we can conclude the same about Axiom Trade. It’s an unregulated offshore entity conducting a scam. Be aware of this broker!
Can I make money with Axiom Trade?
Long story short, no. You cannot make money with an unregulated company. Since nobody is watching over the broker, it can easily conduct a scam.
The broker is using a web trader, which gives it more access to clients’ trades. Also, the minimum deposit is $250, which is very high for an unregulated offshore brokerage. If you compare it to other FCA, CySEC, or ASIC regulated brokers allowing you to start with $10, you will see that there is no reason to have an account with Axiom Trade.
The spread this broker offers is higher than most regulated brokers, starting from 1.18 pips, while the leverage is 1:100.
All this does not matter since the broker has no regulation and many clients experienced withdrawal issues, according to Axiom Trade reviews we found.
Scammed by Axiom Trade?
If you were scammed by Axiom Trade, you need to know you’re not the only victim of this broker. You need to file a dispute and request a chargeback.
But what is a chargeback? It’s a way to refund your card in case you were a victim of an online scam. Contact our support team via chat immediately, and they will guide you through this procedure!\
What is Axiom Trade?
It’s an online trading broker based offshore, operating without regulation.
Is Axiom Trade a scam?
Since the company has no regulation and has several regulatory warnings, we can say that Axiom Trade is not a legit broker.
Is Axiom Trade a good broker?
It’s an unregulated offshore brokerage with many regulatory warnings.