As can be seen, the Axi Financial trading brand claims to be operated by Axi Financial Services (UK) Limited. This firm has been incorporated in the UK since 2007. Now, if you check the company’s domain age, you will see the axifinancial.org domain was registered less than one month ago.
So, where was this company offering its services before? Interestingly, another domain also redirects to their currently active one. But to find out all the irregularities with this broker, read this Axi Financial review carefully.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | https://axifinancial.org/; https://rotchfinancial.com/; |
| Have Warnings from: | FCA |
| Registered in: | UK (allegedly) |
| Operating since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | 1:200 |
| Minimum Deposit: | 250€ |
| Deposit Bonus: | N/A |
| Trading Assets: | Forex, metals, stocks, bonds |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Withdrawing funds that appear on a warning list of the FCA is practically a mission impossible. If you experience any trouble along the way, feel free to contact our refund team for consultation about the first steps in funds recovery. |
Legal info: Is Axi Financial Legit or A Scam?
Indeed, the registration number this company provided us with can be found in the FCA register. However, some things don’t add up. The web address presented in their database doesn’t match the ones of Axi Financial company. In the past, it appears there were other companies using the same details to make themselves legit while they were cloning legitimate firms.
One of those was also their previous domain https://rotchfinancial.com/, which was operated by Rotch Financial Limited. If you try to open it, don’t be surprised when you see an Axi Financial broker. Anyway, without trusted regulatory oversight, it’s already clear that this company is far from genuine.
Who are Axi Financial’s Victims?
Since this trading brand has existed only for a few days, it’s not surprising there are no Axi Financial reviews available. Yet, the website analytics show that so far, they are mainly targeting traders from:
- Romania
- Italy
- United Kingdom
- Singapore
Luckily, all these countries have quite strict regulations. Therefore, you can expect warnings quite soon. Also, you can speed up the process by sharing your experience in our comment section below. In case you have withdrawal problems, contact us directly for a refund consultation.
Leverage, Commissions, Spreads, Fees, and Taxes
Another clear sign that Axi Financial broker is not legitimate is the leverage they are offering to clients. Even though all legitimate UK brokers are limited to a maximum of 1:30, they are offering up to 1:200. In addition to that, the company has quite high spreads, starting from 2.6 on a basic account. That’s way above the industry average of 1.5 pips for some major assets.
One shameful detail is the 50% withdrawal fee on some account types. There’s also an expert commission of up to 25%. So, what will be left for you to withdraw? Practically nothing.
Bonuses
Besides all the fake information provided by Axi Financial Services, it’s quite surprising the company doesn’t offer any bonuses. Generally, that’s a way swindlers can easily manipulate their traders. Thus, you shouldn’t be surprised if you get such offers along the way.
Axi Financial Trading Features
According to the Axi Financial account types, we can see their alleged main advantages. Truly, these would be advantages if the company was legitimate. Some of the main features are robotic trading, expert advisors, and trading signals.
Trading Platforms Available
Traders can generally enjoy the mentioned features on platforms like cTrader or Meta Trader. Yet, with a web-based platform that can be easily manipulated, can we trust the Axi Financial EA features, for example? Definitely not.
That’s why tier-1 regulation makes a big difference. Another proof of that can be seen in our Dax Base review.
Available Trading Assets
If you compare this brokerage to any other, you won’t realize much differences in the instruments offered. Nowadays, most companies offer the same assets. Such as:
- Forex – USD/AUD, EUR/JPY
- Indices – gold, platinum
- Commodities – natural gas, cotton
- Shares – Netflix, Airbus
- Cryptos – ETH, DOT
Account Types
With shamelessly high trading costs, there’s practically no logic behind any of the account types offered. Therefore, we strongly recommend you also read our Immediate Definity review and see what else you should avoid in a company and hopefully stay away from these.
In case you stick with this company, you can choose between:
- Test – 250€
- Basic – 1.500€
- Standard – 5.000€
- Standard + – 25.000€
- Advanced – 50.000€
- PRO – 100.000€
Mobile Trading App
Even though the company visually presents the Axi Financial trading platform available on mobile devices, it’s not. Trying to find it in a trusted PlayStore and AppStore is impossible. Fairly, that’s another reason to avoid this broker.
Demo Account
Usually, if the FCA regulates the company, such a firm offers transparent services, micro and demo accounts. But without those options available, do you still believe in the company’s fake license?
Education
With all the automated features the company offers, there’s practically no need for education programs. At least, that’s what this broker’s strategy might be since they provide only video training.
However, success in trading highly depends on your knowledge, regardless of the tools you are using. So, keep that in mind when choosing a broker.
Axi Financial Withdrawal
Things that might affect the Axi Financial withdrawal are fees, processing time, and payment methods. That’s something that must be clearly transparent with a broker. Especially since the company claims to collect up to 50% of your profits as a withdrawal fee. This way, they force traders to upgrade their accounts and deposit more money. But if they do that, they can forget about any further withdrawals.
Customer Support
Another clear sign of the Axi Financial scam is the company’s customer support. With only an e-mail and web contact form available, you can’t believe they are responsive at all, even though they claim to offer support 24/5.
Key Information To Consider About Axi Financial
There’s only one thing you must remember about this firm. It’s misleading traders about everything, starting with regulations, founders, contact options, and features. Not to mention that the company’s domain was registered on March 29, 2024.
All in all, if you have a bad experience with this broker, let us know. After all, our team can analyze your case, present you with a solution and you decide in the end what to do. But keep in mind refund is always an option. Most importantly, before making any moves, you can get the first consultation completely free. Book yours today!
FAQ Section
What is Axi Financial?
Axi Financial is an FX and CFD trading firm presenting itself as UK registered and regulated company.
Is Axi Financial Legit Brokerage?
No. Axi Financial is trying to clone a legitimate FCA-regulated company based in the UK. One of the signs is the company’s registration date.
How to Get Money Back From a Scam Broker?
The best option is the chargeback if you were transferring money via card. For other payment methods, you can use alternative refund options. For more details, contact us.
Source:
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