Axel Edge Markets is a forex broker that claims to offer a variety of trading services, including spreads as low as 0.0 pips, leverage up to 1:500, and a choice of trading platforms. However, there are a number of red flags that suggest that Axel Edge Markets is a scam broker.
Company Overview
Axel Edge Markets is a company registered in Seychelles. The company has no licenses or regulations from any reputable financial authority. This is a major red flag, as regulated brokers are held to high standards of transparency and accountability.
Does Axel Edge Markets Have Any License?
No, This company does not have any license from any reputable financial authority. The company is registered in Seychelles, but Seychelles does not regulate forex brokers. This means that there is no oversight of Axel Edge Markets’s activities, and investors have no recourse if they lose money.
Are Axel Edge Markets Regulated By Any Authority?
No, It is not regulated by any authority. The company claims to be regulated by the Financial Conduct Authority (FCA) in the UK, but this is false. The FCA has issued a warning against Axel Edge Markets, stating that it is not authorized to provide financial services in the UK.
Pros and Cons
Pros:
- Spreads as low as 0.0 pips
- Leverage up to 1:500
- Choice of trading platforms
Cons:
- Not regulated by any reputable financial authority
- No customer reviews
- High-risk investment
How Does Axel Edge Markets Reach To Their Prey?
Axel Edge Markets targets unsuspecting investors through a variety of methods, including:
- Cold calling
- Spam emails
- Social media ads
- Online trading forums
The company often poses as a legitimate broker in order to lure investors in. Once they have your money, they will make it very difficult for you to withdraw it.
Technical Details
Minimum Deposit:
The minimum deposit requirement at Axel Edge Markets is $250.
Trading Platform:
Axel Edge Markets offers a choice of trading platforms, including MetaTrader 4 and MetaTrader 5. These are the most popular trading platforms in the world, and they offer a wide range of features and tools for traders.
Spread:
The spreads at Axel Edge Markets are variable, but they can be as low as 0.0 pips. This is very competitive compared to other brokers.
Leverage:
The leverage offered by Axel Edge Markets is up to 1:500. This means that you can control a position worth 500 times your deposit. However, high leverage can be risky, and it is important to use it carefully.
Packages and Products They Offer
Axel Edge Markets offers a variety of trading packages, each with its own set of features and benefits. The most basic package is the Standard Package, which offers access to the MetaTrader 4 platform, a demo account, and educational resources. The most advanced package is the VIP Package, which offers access to the MetaTrader 5 platform, a dedicated account manager, and a wider range of trading tools.
Withdrawal and Deposit Method
The withdrawal and deposit methods at Axel Edge Markets include credit cards, debit cards, wire transfers, and e-wallets. The minimum withdrawal amount is $250.
What Do Their Previous Traders Say?
There are no customer reviews of Axel Edge Markets online. This is a red flag, as most legitimate brokers have a number of positive reviews from previous clients.
Summing Up- Why Should Not You Trust Axel Edge Markets
There are a number of reasons why you should not trust Axel Edge Markets. The company is not regulated by any reputable financial authority, it has no customer reviews, and it offers high-risk investments. If you are considering trading with Axel Edge Markets, I urge you to reconsider. There are many other legitimate brokers that offer a safer and more reliable trading experience.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money with This Company, you may be able to get your money back through a chargeback. Also, you can report a complaint to the financial regulatory bodies.
Finally, if you want a quick solution to work on, you can contact us. We will provide you with a free consultation and service recommendations to help you in recovering the lost fund
File A Complaint Against Scam Broker's
Final Thoughts
Axel Edge Markets is an old scam. If you are new to the trading world and already had a decision to make an investment with them, please stop. We request you to reconsider and find another reputable broker from our list.
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