AxisCapital Review – Fraudulent Organization Receives Global Backlash

On the surface level, this con circle operates as a forex brokerage from an offshore jurisdiction. Reaching below the surface, however, reveals the true intentions of this self-proclaimed company.

The financial regulators have already noticed the scheme, and put the axiscapital.io website on the blacklist. Read about your asset recovery options in our AxisCapital review.

What About AxisCapital Regulation?

AxisCapital is a brand owned by Raconteur Consulting LLC, registered in Saint Vincent and the Grenadines. This offshore island has no financial regulator, and many scammers choose to register their business in this particular country to avoid any kind of legal supervision.

However, the FSA directive urges Forex companies to opt for a license in the country of service. Upon checking several Tier1 registers, such as FCA, ASIC, and BaFin, we concluded that AxisCapital didn’t follow the directive and had no valid financial license.

How Unsafe Is An Unlicensed Broker?

Unlicensed brokers are quite unsafe. You have no money-back guarantee, and these brokers don’t follow any regulations or any strict rules. In fact, they determine their own trading conditions, and vanishing with all the funds is pretty easy.

Furthermore, we strongly urge you to stay away from Fx24trade, TrustGarden, and MarketsOcta fake brokers.

Blacklisted By Regulators Across the Globe

With the discovery of the AxisCapital scam by the authorities, multiple financial regulators have posted investor warnings about the predatory company. These may as well be the main reason behind the AxisCapital website shutdown.

The first to do so was Canadian MSC, quickly followed by CSA. Additional independent warnings were issued by BaFIN from Germany, and Russian CBR.

With the swindlers gone, it is becoming more and more difficult to recover the stolen money. Don’t forfeit on what is yours – contact our experts and start fighting back for your money!

Is AxisCapital a Legitimate Broker Or A Scam?

AxisCapital is a scam broker. The company doesn’t have any valid license and is based offshore. The consumer index is 1, indicating that you cannot trust this website.

Traders Reviews About AxisCapital

AxisCapital has many negative reviews. Here is just one example.

“Total SCAM. I invested £200 when I asked to withdraw as my fund said I had over $4000 .First I was told the fund had to be at least $10000. Then I was told if I wanted to withdraw I had to close my account. I chose to close my account. I was then told I had to pay £1000 insurance to make sure the funds didn’t get lost. And I paid and was told the funds would reflect in my bank within one hour.

Over a week later and I still havent received my funds. Michael my account manager has stopped responding to me. He also declines my wats app calls. Please be aware these people are greedy scum scamers”

– Trustpilot Customer

AxisCapital MetaTrader 5 Platform 

AxisCapital offers one of the best platforms we’ve had a chance to see, MetaTrader5. It’s the platform with the most significant number of charts and indicators. However, here’s the issue: If a company is illicit, your funds are transferred to a shell firm, and despite the platform, your chances of withdrawing profit are close to none. 

In addition, scheme firms determine their own trading conditions. The broker may put your funds at risk by allowing too high leverage or charging too high spreads and swaps.

All About AxisCapital Accounts

There are three account types you can choose from.

1. Standard Plan – $250
2. Economy Plan – $5,000
3. Business Plan – $10,000

Accounts differ in free trading signals, support quality, access to trading instruments, and more.

AxisCapital Broker – Countries Of Service

According to our research, the firm is mainly present in:

• Germany
• UK
• Romania
• Canada

AxisCapital Range of Trading Instruments & Markets

AxisCapital offers trading in the following markets:

• Currency pairs – EUR/USD, USD/JPY
• Commodities – gold, silver, oil
• Indices – FTSE100, DAX30
• Shares – Apple, Google, Tesla

There is no access to crypto, which is a big disadvantage.

Also, remember the names of the trading frauds Aax, CMCbits, and Btec Global trading scams and avoid them at all costs! Furthermore, before investing, always check the background of internet trading organizations!

AnyDesk and TeamViewer – Access To Your Bank Account

Right above the link to download the platform, you can find AnyDesk and TeamViewer marked as “other useful links.” Your account manager will probably try to convince you that this software helps show you the platform and give you prompt information about your account.

In fact, the moment you install any of the two, the account manager gains access to your desktop or mobile device and your online banking. The rest, you guess yourself.

AxisCapital Bonuses – As A Method Of Fraud

AxisCapital offers bonuses, but nobody will tell you the terms this bonus comes with. You cannot withdraw your funds before reaching the bonus amount plus the deposit amount 25 times. And that’s just another way to prevent you from getting your money back and pressure you to invest more and reach the rollover sooner.

Don’t fall for it and don’t pay any more money.

Customer Support – Communication Channels

AxisCapital’s support team contacts registered customers via phone calls, emails, and WhatsApp messages. You will receive all kinds of promotions and will be constantly harassed until you deposit initial funds. After that, your account manager will keep in touch, trying to persuade you to invest everything you have.

Illicit firms have no limits and harass their customers a few times a day, changing phone numbers and never giving up.

Rather High Minimum Deposit

Yes, the firm requires a minimum deposit of $250. But when you consider that the broker is illicit and that legitimate firms have Micro accounts starting with as low as $10, you can understand why $250 is high. Do not pay this amount to an unregulated broker. Save yourself a headache.

AxisCapital Trading Conditions

Scam brokers often don’t disclose trading conditions, trying to persuade traders to invest first and then discover the issue they’re going into.

About Axiscapital.io Leverage And Spreads

Both the spread and leverage are described as floating and dependent on the trading asset. It doesn’t help us much to determine the risks and costs of trading with this firm. And that’s just a reason more to run as far away from AxisCapital.

AxisCapital Deposit, Withdrawal Methods, and Inactivity Fee

According to the Terms and Conditions, clients can deposit using debit/credit cards and wire transfers. In reality, when you open an account, you’re offered a card deposit and cryptocurrencies. We advise you to use your card as you’re entitled to a chargeback within 540 days. Better yet, don’t invest at all.

The company said it charges an inactivity fee but hasn’t specified after how long you will be charged or how much.

It Is Still Possible To Recover Money!

Fraudsters will take any steps they can to keep the stolen money set firmly in their pockets. The world, unfortunately, doesn’t work that way. There are tried and tested methods by which these ill-gotten funds can be returned to their rightful owners.

Should you consider starting a recovery procedure from the AxisCapital broker fraud, we stand at your disposal. You may reach us at any time via the live chat, and our first consultation is absolutely free.

Scammed by AxisCapital Broker? – Let Us Hear Your Story

AxisCapital is a fraudulent online broker with a good story. Don’t beat yourself over it. Report what happened and start the chargeback process right away.

But What Is A Chargeback?

A chargeback is a way for your bank to reverse credit card transactions within up to 540 days if you can prove the scam. Contact us via online chat to book a free consultation with our experts, and let’s get your money back before it’s too late!