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AXFX -

No Regulation

Score

1.49 /10

Danger

AXFX

Item: AXFX
Rating: 1.49

Australia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

Australia Appointed Representative(AR) Revoked

High potential risk

https://axfxpv.com

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Comparison

Quantity 6

Exposure

Open Account

Website

Score

Regulatory Index0.00

Business Index6.82

Risk Management Index0.00

Software Index4.00

License Index0.00

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

Open Account

Website

Licenses

ASIC Revoked

VPS Standard

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

Single Core

40G

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Broker Information

Company Name

AXFXPV LTD

Company Abbreviation

AXFX

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

AXFX · Company summary

Note: AXFX's official website: https://axfxpv.com/ is currently inaccessible normally.

AXFX Review Summary
Founded	2022
Registered Country/Region	Australia
Regulation	ASIC (Revoked)
Market Instruments	Forex, precious metals, CFDs, and stock index
Demo Account	✅
Leverage	Up to 1:400
Spread	From 1.8 pips (STP Standard account)
Trading Platform	MT4
Min Deposit	$100
Customer Support	Phone: +61 2 8036 8388
Customer Support	Email: cs@axfx.com

Founded in 2022, AXFX is a brokerage firm based in Australia. It offers forex, precious metals, CFDs, and stock index trading with leverage up to 1:400 and spread from 1.8 pips on the STP Standard account. Demo accounts are available via the leading MT4 platform. However, the official website is currently inaccessible and the regulatory status is revoked.

Pros and Cons

Pros	Cons
Availability of MT4 trading platform	ASIC revoked
Wide range of trading instruments	Inaccessible website
Multiple account types	Wide spreads
MT4 available
Demo accounts

Is AXFX Legit?

Regulated Country	Regulator	Regulated Entity	Status	License Type	License No.
	Australia Securities & Investment Commission (ASIC)	AXFXPV PTY LTD	Revoked	Appointed Representative (AR)	1287576

What Can I Trade on AXFX?

Tradable Instruments	Supported
CFDs	✔
Forex	✔
Precious Metals	✔
Stock Index	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

AXFX offers three kinds of live accounts: STP Standard, ECN Advanced, and VIP Institutional with the minimum deposits of $100, $20,000 and $50,000 respectively.

Leverage

Account Type	MaxLeverage
STP Standard	1:400
ECN Advanced	1:400
VIP Institutional	1:100

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

AXFX provides the STP Standard account spreads starting from 1.8 pips. In contrast, the ECN Advanced account offers tighter spreads from 1.0 pips. The VIP Institutional account starts from 0.1 pips.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Mobile (iPhone & Android), computer (PC & Mac), tablet (iPad & Android)	Beginners
MT5	❌	/	Experienced traders

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Warning: Low score, please stay away! 3

Previous Detection : 2024-12-23

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

AustraliaASIC (license number: 001287576) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

6 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

It’s been a month since I made a withdrawal and it still hasn’t arrived.

I applied for a withdrawal on December 7, 2023, but it never arrived, and there was no reply when I contacted them.

2024-01-08 11:49

Scam

Unable to deposit funds. Account loses and gets suspension

The market was reversed, resulting in insufficient margin, choosing to deposit to make up the position, and it was delayed. The next day, the customer service returned the funds due to an order error, and the account was inexplicably suspended in the case of a loss. Cannot contact the customer service and there are many chucks, which leading the inability of account operation.

2022-04-29 15:53

Unable to Withdraw

Unable to withdraw funds

It was delayed for more than a month without processing, and the withdrawal was refused. It was said that it was a problem with the withdrawal channel, and the withdrawal time was not specified.

2023-10-26 10:27

Unable to Withdraw

Unable to withdraw money, black platform.

Unable to withdraw money, the platform is black. It has been more than two months since I submitted the withdrawal request, but it has not been processed yet.

2024-01-28 23:20

Resolved

It has been two weeks since the withdrawal, and it has been processed all the time. It is not displayed directly, the account is also debited, and the bank card cannot receive the money at all.

The platform has stopped withdrawing cash. It used to be three days and now it has been two weeks. The platform directly canceled the withdrawal status.

2022-04-22 10:55

Unable to Withdraw

Commission withdrawals last for more than six weeks, and withdrawals from trading accounts last for more than one week.

I applied for transaction commission withdrawal on December 27, 2023. I communicated with the manager and he always said he would help me follow up. But there is no progress. The remaining net value of my trading account is 13505.29 to apply for withdrawal. Five days have passed now. I communicated with the company’s manager, Lin Shijie, and he promised to help follow up, but the money has never been received. Please help to solve it.

2024-01-25 22:10

AXFX · Company summary

Note: AXFX's official website: https://axfxpv.com/ is currently inaccessible normally.

AXFX Review Summary
Founded	2022
Registered Country/Region	Australia
Regulation	ASIC (Revoked)
Market Instruments	Forex, precious metals, CFDs, and stock index
Demo Account	✅
Leverage	Up to 1:400
Spread	From 1.8 pips (STP Standard account)
Trading Platform	MT4
Min Deposit	$100
Customer Support	Phone: +61 2 8036 8388
Customer Support	Email: cs@axfx.com

Pros and Cons

Pros	Cons
Availability of MT4 trading platform	ASIC revoked
Wide range of trading instruments	Inaccessible website
Multiple account types	Wide spreads
MT4 available
Demo accounts

Is AXFX Legit?

Regulated Country	Regulator	Regulated Entity	Status	License Type	License No.
	Australia Securities & Investment Commission (ASIC)	AXFXPV PTY LTD	Revoked	Appointed Representative (AR)	1287576

What Can I Trade on AXFX?

Tradable Instruments	Supported
CFDs	✔
Forex	✔
Precious Metals	✔
Stock Index	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

AXFX offers three kinds of live accounts: STP Standard, ECN Advanced, and VIP Institutional with the minimum deposits of $100, $20,000 and $50,000 respectively.

Leverage

Account Type	MaxLeverage
STP Standard	1:400
ECN Advanced	1:400
VIP Institutional	1:100

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Mobile (iPhone & Android), computer (PC & Mac), tablet (iPad & Android)	Beginners
MT5	❌	/	Experienced traders

User Reviews

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Comments

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FX1701054356

more than one year

Customer service was speedy and well informative. The overall process of creating everything was nice, it wasn’t a drag. Looking forward to the markets!

Translate to English

2024-07-05 10:39

No.1 Challenge

more than one year

Thanks for their detailed daily analysis. I have learnt so much, and now I can understand market trends better!

Translate to English

2024-06-27 15:25