A-X Capital Review: A-XCapital.com Devious Firm

According to statistics, over 60 percent of investors lose money in forex investments. If true with genuine brokers, you can imagine what happens if the broker is rogue. Forex trading is prevalent in mainstream investment, with a reputation for its profitability to many investors. The market’s high levels of inflation and frequent changes in interest rates account for the venture’s profitability. Nonetheless, the surge in forex-related scamming events is our main concern. Despite efforts to regulate forex, scammers still outmaneuver oversight laws and deceive naïve investors. A-X Capital is one such broker. 

It is wise to check a broker’s credibility before investing with them. You can accomplish this by looking into a broker’s past, verifying all statements they make, and reading customer testimonials- though not entirely reliable. Doing so helps you identify trustworthy forex brokers who meet the bare minimum standards in the market and ditch those that are not.  

Lucky for you, this article will prevent you from being blindsided by a lousy investment scheme. This is because we thoroughly analyze why this broker is not viable for you. 

A-xcapital.com Review

Before we delved further into AxCapital, we noticed a serious disclaimer about the broker. There is no corporate background whatsoever. Also, the lack of a company name implies this broker is completely anonymous. Trusting a broker keen on concealing their corporate information would be absurd.

AXCapital facilitates trading instruments such as stocks, indices, CFDs, and cryptocurrencies. The broker also provides tools such as an economic calendar and expert support. Among its alleged benefits include advanced trading features and cutting-edge technology.   

Contact Details

AXCapital corporate address is 3212River Rd, Frankfort, MI, 49635, U.S. However, its contact details suggest that it is from Canada. Nonetheless, for a broker as shady as this one, we doubt that the broker is located in Canada, let alone in the U.S. 

Investors can contact the broker at (437)20883448 or support@a-xcapital.email. Given that this broker is dubious, it will not be a good idea to contact them. This is because we are unsure what the broker can do with personal details. 

Domain Insight

When investing, it is best to find a broker with a proven track record and a strong reputation for excellence and honesty. According to the Whois database, A-X Capital registered on June 8, 2022. Although this broker claims to have many years of experience, we discover it is a relative newcomer to the market.

This broker has only been active for 160 days, which is not enough time to establish a reliable track record or reputation. Additionally, the domain’s expiration next year raises a lot of problems. We have more reason to be skeptical of this broker’s reliability because its future is jeopardized.

A-X Capital Deposit & Withdrawal Policy

A-X Capital has not provided deposit channels for its accounts. Most legitimate brokers typically accept payments through popular e-wallets like Neteller, PayPal, and Skrill, as well as major debit and credit cards like VISA and Mastercard. On the other hand, scam websites like this typically prefer deposits via cryptocurrency like Bitcoin and Ethereum. The main reason is that your transaction will be 100% irreversible. Remember that you can never be certain about the recipient’s identity when sending money to a crypto wallet. 

Unfortunately, A-X Capital does not specify what the minimum deposit is. As a rule, try out accounts by first depositing negligible amounts. This will help in risk minimization. Also legit brokers with cheaper micro accounts are several, and you can try them instead.

Trading Conditions

 The legal documents the broker provides are not well articulated. However, the broker is specific with charges. The charge for each wire transfer will range from 25 to 50 euros, depending on the payment method. Still, on charges, dormant accounts attract a 5 percent fee of €25 or $25.

A-X Capital has not made information on spread and leverage available. Given the two’s weight on the money you can make, these details are material to broker selection. Therefore, you should not condone such omission as it indicates that the broker is not being honest.

Regarding leverage, most oversight agencies impose a 1:30 or 1:50 capping on all brokers under them. The cappings shield investors from incurring significant losses when predictions go against you. 

Trading Platform

At A-X Capital, there is no working trading platform available. After completing our registration, we could not access the trading platform. Another telltale sign that you are dealing with a scam is the lack of any tried-and-true trading software, such as the industry standard MT4 or MT5.

Supporting standard features and fundamental analysis tools are included in MT4 and MT5 software. The MT5 also comes with more than 80 built-in technical indicators and analytical objects and the option to support up to 100 open charts at once in 21 different time frames, ranging from one minute to one month. 

The MetaTrader 5 platform also provides a sophisticated Market Depth feature, a separate accounting of orders and transactions, and all possible trading orders and execution modes, including the netting mode and the hedging option. Since the broker has a demo account, investors can try out virtual money before getting it into live trading.

A-X Capital Licensure

Since A-X Capital claims to be in the U.S., we checked with CFTC, the regulatory agency, and the broker’s details were missing from this register. Also, to clear doubts regarding its contact details, we checked with the Canadian Securities Administrator but found no such credentials in the database. Chances are that we are dealing with an offshore broker. 

 Since they are well hidden behind fictitious offshore businesses, you have no prospect of finding the real owners of an offshore broker and taking them to court. You will not get compensation when they rip you off your money. To save yourself the trouble, if your broker does not have a valid license from a recognized regulating body, you are probably about to become a victim of fraud.

Customer Reviews

Additionally, we looked through internet forums and came across complaints from clients dissatisfied with this broker. The major complaint was about the users’ inability to withdraw money. Although customer reviews are accurate, you should not ignore them if they are damning. 

This is because while positive reviews can be coached or motivated by a referral commission, it is rare to give a compromised negative review.

Consequently, if you do not want to end up like these customers, you should learn from them and desist from investing with A-X Capital. A good reputation should be a non-negotiable factor, and this broker does not have such. 

Verdict

When investing in forex, you are never entirely protected from losses, which implies that things get worse if you work with con. Brokers like A-X Capital employ any ruse, including impersonation and faking credibility, to get your attention and deposits. If you fall for their marketing ploys, you will lose all of your money with no hope of recovering it. This is why we reiterate our advice to avoid using this brokerage platform for investing.

To prevent such incidents, always choose your investing broker carefully. This includes, among other things, fact-checking all statements and representations made by brokers. Watch out for any crucial information left out, as this suggests a lack of integrity. These procedures guarantee that you only settle for trustworthy forex brokers.

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