Axatrade: reviews on contract execution. What do traders say?
The company Axatrade provides access to trading a wide range of assets, including basic Forex currencies, indices, stocks, metals, energy sources, and futures. The broker claims reliability and honesty, but the appearance of conflicting reviews online raises doubts about the real assessment of the company.
Overview of facts about the company Axatrade
Reviews of the company Axatrade began to appear recently, but the company claims to have been operating since 1998 and is registered in Switzerland. An analysis of the domain history showed that the project was launched only in August 2021. The information presented on the website about representations in 70 countries worldwide, partnership relations, and authorized capital turned out to be unreliable.
The company’s contact information was limited, and the phone numbers listed on the website are fake. The lack of live chat and social media pages makes it difficult to have quick communication with support. Getting answers to questions or complaints can only be done through emails, which is also not always effective, judging by customer reviews.
Legal basis of the company
Attempts to confirm the information about the registration of the company Axatrade in Switzerland were unsuccessful. The specified main beneficiary Arosolutions Prom KFT was registered less than a year ago and specializes in another type of activity. The condition of resolving disputes within the legislation of offshore Vanuatu raises doubts among traders.
The absence of a license from the Bank of Russia raises questions about the legality of Axatrade’s work with Russian traders, which is confirmed by existing reviews and information online.
Commercial offer
The company Axatrade offers its clients zero commissions for deposit/withdrawal of funds, spreads from 0.6 points, a wide selection of trading instruments, bonuses, and participation in a referral program. However, detailed information on bonus rules and payment regulations is missing. When creating an account, it is necessary to immediately fund the account depending on the selected tariff plan.
Reviews about the company online
To maintain its reputation, the company Axatrade uses commissioned reviews, which raises doubts among traders. Real clients express negative opinions about the company related to various aspects of its operations.
Operating scheme and results
The scammers operating on the Axatrade platform resort to various fraudulent methods, not allowing traders to earn and withdraw profits. The amount of losses incurred by traders confirms the effectiveness of fraudulent mechanisms on this platform.
Conclusion
The company Axatrade is criticized as a financial platform. Insufficient transparency and legal issues increase doubts about the reliability and honesty of the company. Traders should exercise caution and carefully analyze all aspects of cooperation with this organization.