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Axion Trade -

Score

4.89 /10
Average

Axion Trade

United Kingdom

5-10 years

Regulated in Seychelles

Retail Forex License

MT4 Full License

Regional Brokers

Australia Appointed Representative(AR) Revoked

Suspicious Overrun

High potential risk

Offshore Regulated

https://axiontrade.net

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Comparison

Quantity 17

Exposure

Open Account
Website

Score

Regulatory Index4.29

Business Index7.87

Risk Management Index0.00

Software Index8.67

License Index4.29

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Axion Trade Limited

Company Abbreviation

Axion Trade

Platform registered country and region

United Kingdom

Company website

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Facebook

Instagram

Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 4
Previous Detection : 2025-01-24
  • The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • AustraliaASIC (license number: 001293799) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Exposure

17 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Axiontrade teamed up with this person to induce deposit and malicious liquidate the position

Induce customers to deposit funds, do not unbind mam, maliciously liquidate positions

2022-01-19 10:25
Scam

Axion trade colludes with IB Tang to maliciously liquidate the position

Ib Tang bind with mam and does not allow to unbind and maliciously liquidate the position. Lose $8465 and induce customer to deposit.

2022-01-20 15:05
Resolved

Axiontrade

The account send email to platform to unbind for withdrawal on Jan. 14, but the customer service refused to do so by various reason which caused the maliciously wipe out

2022-01-19 06:02
Others

Axiontrade maliciously wipe out

Axiontrade cooperated with this person to defraud in the form of mam, and asked the customer service to unbind mam to withdraw money on the way, refused by various reasons, and maliciously exploded all the customer's funds in the early morning tonight! A total of over $1 million was lost.

2022-01-19 04:53
Others

Axion Trade platform deliberately scam people

Fraud and maliciously liquidate the position. This company maliciously liquidate over 2.6 million dollars.

2022-01-19 11:04
Unable to Withdraw

Do not allow to withdraw

It does not allow to withdraw since Jan. 2 till now. All the accounts were wiped out on 18th. I hope that the customer service can address it for me.

2022-01-19 10:10
Unable to Withdraw

Complaints to platforms and platform traders

The platform and traders do not approve the withdrawal until the traders deliberately liquidate the account. Complain to the platform and traders, and demand compensation for losses.

2022-01-19 07:11
Unable to Withdraw

axiontrade does not unbind mam to withdraw and maliciously liquidate the position

Transfer the funds from the commission account to the trading account without permission. Do not unbind the mam to withdraw for the customer and do not review. The ib personnel operate the account and maliciously liquidate the position. The picture is ib. I will reward a lot for the clues

2022-01-19 12:24
Unable to Withdraw

Do not allow to withdraw. All positions are liquidated now

The platform does not allow to withdraw since Jan. 2. Yesterday, all positions were liquidated. This platform is a scam.

2022-01-19 10:04
Unable to Withdraw

The platform refuses to withdraw and the customer service never replies the message and email, and causing dealer to collude with the platform to maliciously liquidate the postion at the end

The platform refuses to withdraw and the customer service never replies the message, and causing dealer to maliciously liquidate the postion at the end

2022-01-20 17:35
Unable to Withdraw

This person colluded with the platform to not allow withdrawals, but only allowed deposits. It is unable to withdraw and then liquidate the client's position within a few days.

Stcuking client's funds that are not allowed to be withdrawn, but only deposited. Then this person colludes with the platform and finally liquidate the position and takes profits from customer losses.

2022-01-19 17:57
Resolved

The platfrom does not process withdrawal

I applied for an Axiontrade trading account on 2023/03/29 and deposited 130 USD through USDT-TRC20 (as shown in the picture), and withdrew 129.58 USD through USDT-TRC20 on 2023/03/30 (as shown in the picture), and Axiontrade has not processed it for a long time Withdrawing funds, I wrote to the customer service mailbox and there was no reply (as shown in the attached picture), and on 2023/04/02, I found that the client directly displayed an invalid user when logging in in the background (as shown in the attached picture), and there was no response when I clicked the forgotten password

2023-04-07 17:38
Others

Axion Trade

I haven’t profited for over two months. And there is no staff explaining. We may lose all the money invested. It’s a fraud company

2021-04-15 19:48
Scam

Axion trade scam

Induced deposit fraud and malicious liquidation. Teng Kah Weng 911125145447 no 7,taman kok doh jalan segambut 51200 kalau lumpur Kuala Lumpur. This is the man

2022-02-07 01:05
Scam

Axiontrade colludes with broker to maliciously liquidate the position. Fraud

Axiontrade cooperates with the broker Malaysian, Tang, to induce customer to deposit and maliciously liquidate the postion, and scam their principle, and causes heavy loss to the customer. Everyone must be awere about this fraud Axiontrade platform and do not participate.

2022-01-20 08:25
Unable to Withdraw

Broker went silent on withdrawal request

Thousands of dollars stolen by the broker as withdrawal was not processed. Upon multiple emails to the entity (no phone number provided), there has been ZERO replies. All attempts to contact via email and facebook direct messages have been ignored. This broker is not actually regulated and does not have apparent controls in place to manage customer funds. It is likely that they have lost all customer funds and gone silent on withdrawals.All proven with attached images:1) Multiple emails sent ignored by broker2) Detail of withdrawal transaction (18 Dec 2023) still pending as of today (27 Jan 2024)

2024-01-27 02:50
    Axion Trade · Company summary
    Axion TradeReview Summary
    Founded2020-05-05
    Registered Country/RegionUnited Kingdom
    RegulationOffshore regulated
    Market InstrumentsForex/Commodities/Indices/Stocks
    Demo Account✅
    LeverageUp to 1:1000
    SpreadAs low as 0 pips
    Trading PlatformMT4(PC/Mac/Android/iOS)
    Min DepositUSD 10
    Customer SupportEmail: support@axiontrade.net
    Phone: +2484379846
    Facebook/Instagram

    Axion Trade Information

    Axion Trade is a broker. The tradable instruments include forex, commodities, indices, and stocks. The broker also provides nine accounts with a maximum leverage of 1:1000. The minimum spread is as low as 0 pips and the minimum deposit is USD 10. Axion Trade is still risky due to its offshore regulated status, high leverage, and bad reviews about difficulty withdrawing money.

    Axion Trade Information

    Pros and Cons

    Pros Cons
    Various tradable instrumentsOffshore regulated
    MT4 availableHigh max leverage
    Demo account availableUnspecific transfer time and fee information
    Spread as low as 0 pipsNo 24/7 customer support

    Is Axion Trade Legit?

    FSA offshore regulates Axion Trade with license number SD175, regulated by ASIC with a revoked status, license number 001293799, and SERC with license number 037, but the current status is exceeded.

    Is Axion Trade Legit?
    Is Axion Trade Legit?
    Is Axion Trade Legit?
    Is Axion Trade Legit?

    What Can I Trade on Axion Trade?

    Axion Trade offers 1000+ market instruments with Axion Trade, including over 50+ forex pairs, commodities, 14+ Indices, and stocks.

    Tradable Instruments Supported
    Forex✔
    Commodities✔
    Stocks✔
    Indices✔
    Cryptocurrencies❌
    Precious Metals❌
    Shares❌
    ETFs❌
    Bonds❌
    Mutual Funds❌
    What Can I Trade on Axion Trade?

    Account Type

    Axion Trade has nine account types: Raw, Pro, Institutional, Standard, Islamic, Nano, X300, Elite, and VIP. Traders who want low spreads and low leverage can choose an ECN account, while those with a sufficient budget can open an institutional ECN account. The broker also provides an Axion Trader™ program. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

    Account Type ECNClassicFixed Spread
    RawProInstitutionalStandardIslamicNanoX300EliteVIP
    LeverageUp to 1:500Up to 1:100Up to 1:100Up to 1:500Up to 1:500Up to 1:1000Up to 1:500Up to 1:500Up to 1:500
    CommissionsYesYesYesNoneNoneNoneNoneNoneNone
    SpreadsAs low as 0 pipsAs low as 0 pipsAs low as 0 pipsAs low as 1.9 pipsAs low as 1.9 pipsAs low as 1.9 pipsAs low as 3.1 pipsAs low as 2.1 pipsAs low as 1.1 pips
    Minimum DepositUSD 100USD 100000USD 1000000USD 100USD 100USD 10USD 100USD 1000USD 10000

    Axion Trade Fees

    The spread is as low as 0 pips, the commission is from 0. The lower the spread, the faster the liquidity.

    Leverage

    The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

    Trading Platform

    Axion Trade cooperates with the authoritative MT4 trading platform available on PC, Mac, Android, and iOS to trade. Junior traders prefer MT4 over MT5. MT4 provides various trading strategies and implements EA systems. In addition, Axion Mirror provides copy trading services for beginner traders.

    Trading PlatformSupported Available Devices Suitable for
    MT4✔PC/Mac/Android/iOSJunior traders
    Axion Mirror✔-Beginners
    Trading Platform

    Deposit and Withdrawal

    The minimum deposit is USD 10. However, transfer processing times, methods, and associated fees are unknown.

    User Reviews

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    User comment

    7

    Comments

    Write a review

    Manber
    more than one year
    AvaTrade has a diverse range of market instruments and flexible trading platforms, plus solid regulation.But some users report platform issues, and there are concerns about unregulated entities and unverified proprietary platforms.
    AvaTrade has a diverse range of market instruments and flexible trading platforms, plus solid regulation.But some users report platform issues, and there are concerns about unregulated entities and unverified proprietary platforms.
    Translate to English
    2024-07-23 17:55
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    0
    0
    Streaming
    more than one year
    HAPPY TRADING! They offer a huge range of markets and withdrawals are quick and easy. Great and recommend for all.
    HAPPY TRADING! They offer a huge range of markets and withdrawals are quick and easy. Great and recommend for all.
    Translate to English
    2024-06-04 14:19
    Reply
    0
    0
    17