Dishonest Scam Axes: Deception and Fraud

“Axes” – another commercial platform posing as a prospective broker registered in Great Britain. Despite boasting over 60 awards and a two-year history, both numbers are fictitious and solely used to attract clients. Completed deals, satisfied customers, and positive reviews are all products of Axes scammers’ imagination.

Diabolical fraud earns trust by claiming non-existent awards and licenses. In reality, it is an offshore intermediary seeking to defraud naive traders and vanish with their money. What scam scheme is practiced on the axes.co platform, and why do investors blindly surrender their money to fraudsters? This is what we will explore in today’s review.

Review of the Official Axes Scam Website

The official Axes company website has a rather complex structure, unusual for fraudulent projects. The site loads poorly on mobile devices, giving the impression that scammers wanted to impress potential victims with an abundance of tabs and images but skimped on quality implementation of the idea.

The main page contains a list of fake company advantages and information about available trading platforms. In the “About Us” section, misleadingly named “About Axes,” scammers have posted a roadmap and a simple legend about their mythical success.

There are no educational materials on the platform and no news feed on Axes. In the “Support Center,” you will find only a few meager articles on how to verify your account and fund it. Some tabs simply do not work. Surprisingly, the bogus intermediary did not follow the example of its dishonest counterparts and did not clutter the site with an array of fake reviews.

Review of Key Information about the Bogus Intermediary Axes

The dubious Axes company is led by real amateurs who contradict their own statements. For example, in the promotional block on the platform’s main page, scammers claim “over 10 years of unrestrained success.”

In the “About Us” section, entirely different information is provided: supposedly the Axes project was only established in 2018. Something clearly does not add up here, which is why we decided to check the domain’s “age.” In reality, the site was launched on February 5, 2020. This explains the lack of reviews.

The fraudsters’ fantasies know no bounds. According to the “Accomplishments” section, the shady company has received over 60 international awards. The question remains: where is the evidence? Scammers simply filled the page with fake trophies, assigning themselves undeserved titles.

That’s not the only surprise. It turns out that the owners of the Axes scam project shamelessly copied information about awards from another dubious company’s website — FxPro. By the way, the visual elements, text blocks, and statistics were also plagiarized.

As you can see, the differences lie only in the numbers and scale of deception. Most likely, FxPro is the parent of the Axes scam project. Gathering a storm of angry reviews, fraudsters decided to resurface and relaunch their scam, creating a new fake platform.

In the “Licenses and Regulation” section, we also found numerous discrepancies. The pseudo-broker Axes boldly claims that its operations are regulated by the Financial Services Authority (FSA) (registration number — 338 OOO 2020). For added credibility, scammers supported their claims with a license scan. However, the central authority’s website has no record of a company with that name, but this fact barely concerns the fraudsters.

Unfortunately, the company is not registered in the UK. We are dealing with another offshore scam not deserving trust.

The scam project did not stop at a single certificate; it also attributed another regulator to itself — the International Financial Market Relations Regulation Center (IFMRRC). Does this document carry any legal weight? A debatable issue. Firstly, the IFMRRC website lacks any addresses, contact numbers, or organization charters. Secondly, this “regulatory body” has not developed any regulatory requirements for brokers. Unfortunately, this piece of paper will not help you obtain compensation in case of fraud.

When gathering data for the review, we examined the so-called team at the heart of Axes. Unfortunately, all the photos, positions, and names are yet another fake. These people have no connection to the Axes company and probably are unaware of its existence.

Review of the Bogus Broker Axes’ Contact Information

Unfortunately, we found no reviews of the Axes scammers, so we cannot objectively assess the quality of their customer support. The “Contacts” section states that the scammers’ physical offices are allegedly located in 4 countries:

Saint Vincent: Lyford Financial Center, PO Box N 7776, Nassau, Bahamas Islands,
Monaco: 26 Boulevard Moulin, 98000,
United Kingdom: 34 New House, City of London., City of London, EC1N 8JY, United Kingdom,
Cyprus: Amorosa Centre, Samou, 2, Spyrou Kiprianou, 69.

You can rest assured that all the contact information on the site is pure deceit. Cunning scammers will never disclose their actual location under any circumstances.

Review of the Trading Conditions of the Fraudulent Company Axes

Naturally, Axes fraudsters did not forget to mention their advantages:

narrow spreads,
no commissions,
24/7 support,
more than 1 million client accounts,
6 asset classes,
4 trading platforms.

If this were such a promising broker, where are the positive reviews? The answer is simple: Axes is a mediocre project built on lies and the inflamed imagination of the scammers.

The site is full of “fluff” and unnecessary text, but specifics are unfortunately lacking. The minimum deposit size, spreads, commissions, and other trading conditions are shrouded in mystery. What is known is that the maximum leverage available on the platform is up to 1:500, further evidence that the shady Axes operation cannot be legitimized in the UK. Why? The UK National Regulator permits leverage up to 1:30.

“Axes” lures potential victims by offering contracts for difference (CFDs) on 6 asset classes:

Forex,
futures,
indices,
stocks,
metals,
oil and gas.

Review of the Registration Procedure on Axes Scammers’ Site

“Axes” is a low-grade scam created by individuals solely concerned with their own skin. The fraudsters opted not to overload themselves with unnecessary information, hence the standard registration form. You are required to indicate:

country of residence,
first and last name,
email address,
password.

Former Clients’ Reviews of the Axes Scammers: a Detailed Overview of Opinions

During the review process, we found no reviews of the Axes company, but unfortunately, it is only a matter of time. The scam project is confidently gaining momentum and luring potential victims into its networks using bright advertisements. Loud promises of super profits and friendly managers incessantly praising the innovative trading platform are the main tools of the fraudsters in the battle for customer attention.

The Fraudulent Scheme of the Axes Scammers: What’s the Scam?

Despite the absence of any reviews of the “Axes” fraudsters online, uncovering their fraudulent plan was not difficult. Clients, blindly trusting the slick words of crafty managers, invest their money in the platform and automatically become victims of a financial scam.

The creators of Axes have devised several scenarios:

A personal consultant “kindly” assists the trader in depleting their deposit by inundating them with fake advice,
As soon as the user attempts to withdraw funds from their account, it is immediately blocked, accusing the poor victim of illegal activities.

The review revealed that dealing with Axes is a losing game, unfortunately not in your favor.

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Summary of the Axes Scam Project Review

“Axes” is a bogus intermediary shamelessly deceiving clients out of money. There is not a grain of truth on the counterfeit broker’s website, and the absence of reviews only confirms that we are dealing with young scammers. Unfortunately, by registering on the axes.co platform, you will only end up with empty pockets and shattered expectations!